Tuesday, March 19, 2019

Oluwatoyin Bayagbon

    Buhari: Nigeria willing to risk OPEC cuts for higher oil prices

Buhari: Nigeria willing to risk OPEC cuts for higher oil prices

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    PDP: APC plotting to use looted funds for rigging

PDP: APC plotting to use looted funds for rigging

The Peoples Democratic Party (PDP) has accused the federal government of releasing over "N6 billion loot" to leaders of the All Progressives Congress (APC) as part of an alleged plot to rig the general election.In a statement on Tuesday, Kola Ologbondiyan, PDP spokesman, said the looted funds would be shared among APC candidates contesting for senatorial and house of representatives [...]

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    Nigerian Breweries made N19.4bn profit in 2018 — all will go to shareholders

Nigerian Breweries made N19.4bn profit in 2018 — all will go to shareholders

Nigerian Breweries Plc has announced a profit after tax (PAT) of N19.4 billion for the 2018 financial year.The company also made revenue of N324.4 billion during the year under review, according to its audited financial results released to the Nigerian Stock Exchange.In a statement on Monday, Uaboi Agbebaku, the company’s legal director, said after-tax profit recorded in 2018 was [...]

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    26,000 jobs, first leather policy… trade ministry lists successes of World Bank project

26,000 jobs, first leather policy… trade ministry lists successes of World Bank project

The federal ministry of industry, trade and investment says the $160 million World Bank growth and employment (GEM) project has led to the creation of over 26,000 jobs in its intervention sectors.Reacting to allegations of irregularities in the project, Bisi Daniels, communications adviser to the minister, said the programme has been a success.There had been allegations of fraud levelled against [...]

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    Army, police: How 66 people were killed in Kaduna

Army, police: How 66 people were killed in Kaduna

The Nigerian army has confirmed the killing of 66 people in eight different communities in Kajuru local government area of Kaduna state. Faruk Yahaya, general officer commanding (GOC) 1 division of the army and Ahmad Abdulrahman, the state police commissioner, confirmed the mass killing on Saturday when they accompanied Nasir el-Rufai, the state governor, on a tour of some of the [...]

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    INEC: Campaigns are over — despite poll shift

INEC: Campaigns are over — despite poll shift

Mahmood Yakubu, chairman of the Independent National Electoral Commission (INEC), says campaigns for the presidential and national assembly elections have not been extended.Yakubu spoke at a briefing with various stakeholders on Saturday including the media, representatives of political parties and election observers following postponement of the elections.The presidential and national assembly elections were postponed from February 16 till February [...]

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    Okowa’s aide shot dead

Okowa’s aide shot dead

Lawrence Akpomiemie, special adviser on youth development to Ifeanyi Okowa, governor of Delta state, has been killed by unknown gunmen.Akpomiemie was reportedly killed by gunmen on Friday night in Ekpan, a community in Uvwie local government area of Delta state.Confirming the incident to TheCable, Adeyinka Adeleke, the state's commissioner of police, said a notification had been put out to “unravel [...]

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    INEC: We’ve replaced burnt card readers in Anambra

INEC: We’ve replaced burnt card readers in Anambra

The Independent National Electoral Commission (INEC) says it has replaced the card readers destroyed at the head office of the commission in Anambra state on Tuesday.A container laden with card readers was burnt at the commission office in Awka, the state capital. Festus Okoye, a national commissioner of INEC, had said 4,635 card readers were destroyed in the inferno.But [...]

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    Kachikwu: Automation has helped FG recover N1.2trn royalty arrears

Kachikwu: Automation has helped FG recover N1.2trn royalty arrears

Ibe Kachikwu, minister of state for petroleum resources, says the federal government has recovered N1.2 trillion in royalty arrears from oil companies operating in the country.  [...]

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    INFOGRAPHIC: FAAC disbursements break four-year record, exceeds N2trn for three consecutive quarters

INFOGRAPHIC: FAAC disbursements break four-year record, exceeds N2trn for three consecutive quarters

The Federation Allocation Account Committee (FAAC) disbursed a total of N8.52 trillion to the three tiers of government in 2018. [...]

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    Police barricade INEC office in Rivers

Police barricade INEC office in Rivers

The police have restricted access to the head office of the Independent National Electoral Commission (INEC) in Rivers State.A team of policemen stormed the commission’s office on Aba road, Port Harcourt, early on Thursday.They prevented INEC officials and visitors from going in and out of the office.The INEC officials were preparing for Saturday's presidential and legislative elections when the officers [...]

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    Malami asks INEC to postpone elections in Zamfara

Malami asks INEC to postpone elections in Zamfara

Abubakar Malami, the attorney-general of the federation, has asked the Independent National Electoral Commission (INEC) to postpone elections in Zamfara state because of litigation.In a letter dated February 13, 2019, Malami said he was acting based on a petition from a law firm claiming that recent court judgments have annulled the stand of INEC that the All Progressives Congress (APC) [...]

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    Lagosians will decide if I merit a second term, says Sanwo-Olu

Lagosians will decide if I merit a second term, says Sanwo-Olu

Babajide Sanwo-Olu, the Lagos state governorship candidate of the All Progressives Congress (APC), says he did not sign any deal that will prevent him for seeking re-election if he becomes the state governor.Speaking during a Channels TV programme on Tuesday, Sanwo-Olu said he is “going to win” at the March 2 governorship polls."I don’t know where the idea of pact [...]

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    You can now ‘easily’ send money from S’Africa to Nigerian banks

You can now ‘easily’ send money from S’Africa to Nigerian banks

WorldRemit, a digital money transfer service, has introduced "low-cost online money transfers" from South Africa to Nigeria. In a statement on Tuesday, the company said Nigerians living in South Africa can now send money to all major Nigerian banks with a few taps directly from their phones, using the WorldRemit app or website. "The new digital service will reduce the cost of sending [...]

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    Eterna: Why we’re expanding as oil majors sell downstream arm

Eterna: Why we’re expanding as oil majors sell downstream arm

Mahmud Tukur, managing director, Eterna Plc, says the company is expanding its downstream operations despite Nigeria's "challenging operating environment".Tukur was speaking during a press briefing to mark the company’s 30-year anniversary in Lagos on Tuesday.In the last three years, international oil companies (IOCs) and independent operators in Nigeria's oil industry have divested their assets either party or fully, but [...]

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    Secondus: What we saw when Atiku led us to Daura

Secondus: What we saw when Atiku led us to Daura

Uche Secondus, national chairman of the Peoples Democratic Party (PDP), on Monday said he saw some supporters of Atiku Abubakar, the party’s presidential candidate, during a trip to Daura, hometown of President Muhammadu Buhari in Katsina state.The PDP chairman spoke during the party’s presidential rally that held in Port Harcourt, Rivers state, on Monday.He said the PDP candidate has been [...]

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Exchange Rates

March 18, 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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