Thursday, April 4, 2019

Oluwatoyin Bayagbon

    ‘My time has come to an end’ — Rewane resigns from FCMB board after 17 years

‘My time has come to an end’ — Rewane resigns from FCMB board after 17 years

Bismarck Rewane, chief executive officer of Financial Derivatives Company, has resigned from the board of FCMB Group Plc.Before his resignation, Rewane had been an independent non-executive director of the bank since 2002, and serves on the boards of several blue-chip companies within corporate Nigeria.In a disclosure on the Nigerian Stock Exchange  (NSE) on Tuesday, FCMB said his resignation was accepted [...]

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    Adamawa APC rejects inconclusive guber poll

Adamawa APC rejects inconclusive guber poll

The All Progressives Congress (APC) in Adamawa state has rejected results of the governorship election conducted on Saturday.Mustapha Salisu, zonal national vice chairman of the party, accused officials of the Independent National Electoral Commission (INEC) of colluding with the army to alter results.The commission had on Sunday declared the election “inconclusive” because the margin between the two top contestants [...]

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    ‘Our great son and proud ambassador’– Yahaya Bello showers encomium on Adesanmi

‘Our great son and proud ambassador’– Yahaya Bello showers encomium on Adesanmi

Yahaya Bello, governor of Kogi State, has described the demise of Pius Adesanmi, Nigerian- born Canadian professor as “one death too many”.Adesanmi, who hailed from Kogi, was among the 157 who died in an Ethiopian Airlines flight that crashed on its way to Nairobi, Kenya, on Sunday morning.In a statement issued through Onogwu Muhammed, his chief press secretary, Bello said [...]

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    Nigerian tax authorities don’t have any problem with us, says MTN CEO

Nigerian tax authorities don’t have any problem with us, says MTN CEO

Rob Shuter, chief executive officer of MTN Group, says the Nigerian tax authorities do not have any problem with the company despite the demand for $2 billion tax arrears Abubakar Malami, attorney-general of the federation (AGF).Shuter spoke at a conference call where MTN’s 2018 annual results were presented to executives and stakeholders of the company.In September 2018, Malami had written to [...]

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    INEC declares Sanwo-Olu winner in Lagos

INEC declares Sanwo-Olu winner in Lagos

Babajide Sanwo-Olu, candidate of the All Progressives Congress (APC) has been declared winner of the Lagos State governorship election.Announcing the result at the state collation center, Eyitope Ogunbodede, returning officer, said Sanwo-Olu polled 739,445 votes ahead of Jimi Agbaje, his Peoples Democratic Party (PDP) rival, who polled 206,141 votes.In Epe LGA, where Akinwunmi Ambode, the incumbent governor is from, APC scored [...]

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    Harassment of INEC officials must stop, says UK

Harassment of INEC officials must stop, says UK

The United Kingdom has expressed concern over reports of military interference in the governorship and state assembly elections in Rivers state held on Saturday.In a tweet on @UKinNigeria, its verified handle, the high commission said officials of the Independent National Electoral Commission (INEC) must be allowed to do their job.The commission said it is monitoring the situation closely.“We are extremely [...]

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    PDP leading APC with 171,196 votes in 15 Akwa Ibom LGAs

PDP leading APC with 171,196 votes in 15 Akwa Ibom LGAs

Udom Emmanuel, Peoples Democratic Party (PDP) candidate in Akwa Ibom governorship election is leading Nsima Ekere of the All Progressives Congress (APC) with 171,196 votes.Emmanuel is the incumbent governor.Results announced in 15 local government areas (LGAs) showed that Emmanuel polled 259,260 votes against Ekere’s 88,064 votes.In all 15 LGAs, the PDP candidate won Ekere by a wide margin.Ona LGA where [...]

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    PDP candidate defeats incumbent senator in Ondo

PDP candidate defeats incumbent senator in Ondo

Yele Omogunwa, senator representing Ondo south, has lost his reelection bid to Nicholas Tofowomo of the Peoples Democratic Party (PDP).The Independent National Electoral Commission (INEC) had declared the election inconclusive in the district and scheduled a supplementary election for Saturday.In the February 23 national assembly election, the PDP senatorial candidate had polled 79,029 votes ahead of Omogunwa of the All [...]

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    Don’t allow violence disrupt ongoing elections, CDD tells security agencies

Don’t allow violence disrupt ongoing elections, CDD tells security agencies

The Center for Democracy and Development (CDD) has condemned the destruction of electoral materials in Benue and  Ebonyi states. In a statement signed by Idayat Hassan, CDD director, the group said such acts are capable of disrupting the electoral process as tens of polling units would be affected.Electoral materials, including ballot boxes and card readers were set on fire by suspected [...]

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    YIAGA: INEC has another opportunity to correct its shortcomings

YIAGA: INEC has another opportunity to correct its shortcomings

YIAGA AFRICA, a policy advocacy group, says the Independent National Electoral Commission (INEC) has an opportunity to make up for shortcomings in the February 23 presidential and national assembly elections.In a statement signed by Samson Itodo, YIAGA’s executive director on Friday, the group said INEC lost an opportunity to improve on the quality of the 2015 election due to "widespread [...]

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    NCDMB: Oil sector to record new investments worth $20bn in 2019

NCDMB: Oil sector to record new investments worth $20bn in 2019

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    UNIPORT business school partners UK firm for training on leadership

UNIPORT business school partners UK firm for training on leadership

The University of Port Harcourt business school has entered into a partnership with the Centre for Cultural Savvy and Leadership Development (CCSLD Consulting), a UK-based talent management company, to provide “quality leadership solutions” for professionals in the workplace.Okey Onuchuku, director of UNIPORT business school and Osoba Otaigbe, CCSLD director, endorsed the pact at the school premises in Port Harcourt, the [...]

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    Drama as Fayemi embraces Fayose in public

Drama as Fayemi embraces Fayose in public

Kayode Fayemi, governor of Ekiti state and Ayodele Fayose, his predecessor, were the cynosure of eyes at a ceremony in honour of Afe Babalola, a revered lawyer and senior advocate of Nigeria (SAN).Babalola was honoured with the 2018 Obafemi Awolowo Prize for Leadership at an event, which took place at Harbour Point, Victoria Island, Lagos, on Wednesday.It was attended by [...]

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    PEBEC launches action plan to tackle challenges of starting a business

PEBEC launches action plan to tackle challenges of starting a business

The Presidential Enabling Business Environment Council (PEBEC) has commenced the fourth run of its 60-day national action plan (NAP 4.0) on ease of doing business.This, the council said, is in line with its "commitment to delivering reforms aimed at improving the enabling environment for doing business in Nigeria through systemic interventions".In a statement on Tuesday, the council said NAP 4.0, [...]

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    CBN bans sale of forex to textile importers

CBN bans sale of forex to textile importers

The Central Bank of Nigeria (CBN) has directed commercial banks and bureaux de change operators to stop sale of forex for the import of textiles and clothing materials in the country.Godwin Emefiele, governor of the bank, announced this at a meeting with stakeholders in the cotton sector in Abuja on Tuesday.He said the restriction was borne out of the [...]

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Exchange Rates

April 01, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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