Saturday, July 20, 2019

Oluwatoyin Bayagbon

    Inmate who gave birth to twins in Calabar prison is dead

Inmate who gave birth to twins in Calabar prison is dead

A female inmate who gave birth to twins at the Afokang prison in Cross River state has died from “post natal complications”.Effanga Etim, public relations officer of the state prison command, confirmed this in a statement on Wednesday.According to him, the mother of the twins—a girl and a boy— died two days after delivery.The inmate had given birth through Ceasarean [...]

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    OPL 245: Adoke asks court to dismiss arrest warrant

OPL 245: Adoke asks court to dismiss arrest warrant

 Mohammed Adoke, former minister of justice and attorney general of the federation, has asked a federal high court in Abuja, to dismiss a bench warrant issued for his arrest.The court had ordered Adoke’s arrest alongside Dan Etete, former minister of petroleum, and four foreigners, Raph Wetzels, Casula Roberto, Pujato Stefano, and Burrato Sebastiano.This followed failure of the six individuals to [...]

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    Glo gains over 400,000 new customers despite decline in total GSM subscribers

Glo gains over 400,000 new customers despite decline in total GSM subscribers

Globacom (Glo) has recorded the highest number of subscribers for the month of February, data by the Nigerian Communications Commission (NCC) has shown.In it’s monthly subscriber/operator data report for February, the regulatory body revealed that Glo added 400,879 new subscribers to it’s network for the month under review.The increase for Glo comes despite a reduction in active subscribers on [...]

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    Scottish billionaire lost three of four children in Sri Lanka bombings

Scottish billionaire lost three of four children in Sri Lanka bombings

Anders Povlsen, one of the owners of British online fashion retailer, Asos, says three of his four children were killed in the Easter Sunday bombings in Sri Lanka.A series of blasts, most thought to be the work of suicide bombers, was targeted at churches and five star hotels in eight different locations.According to Daily Mail,  spokesperson for the Danish [...]

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    Aiteo declares force majeure on Nembe trunk line after fire outbreak

Aiteo declares force majeure on Nembe trunk line after fire outbreak

Aiteo Eastern Exploration & Production Company Limited has declared force majeure on the Nembe Creek Trunk Line (NCTL) after a fire outbreak was discovered on a section of the pipeline on Sunday.  [...]

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    Buhari: Developed countries reluctant to assist us because they think we are rich

Buhari: Developed countries reluctant to assist us because they think we are rich

President Muhammadu Buhari says some developed countries are reluctant to assist Nigeria because they have "wrong assumptions" that the nation is rich. According to a statement by Garba Shehu, presidential spokesman, Buhari said this on Thursday while receiving letters of credence from the newly appointed diplomats of Kuwait, India and Namibia in Abuja.The president told Abdulaziz Al Bisher, ambassador of Kuwait, [...]

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    FG now spending N1.86bn on subsidy daily

FG now spending N1.86bn on subsidy daily

Nigeria could be spending as much as N1.86 billion on subsidy daily going by the current landing cost of petrol which is N180 per litre, TheCable Petrobarometer can report. [...]

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    Gowon: We won’t be depending on fuel imports if my plan to build five refineries had worked

Gowon: We won’t be depending on fuel imports if my plan to build five refineries had worked

Yakubu Gowon, a former military head of state, says Nigeria would not be dependent on fuel imports if plans by his administration to build five refineries had succeeded.Nigeria currently imports most of the refined petroleum products in circulation through crude oil swap deals and falls prey to scarcity of the products from time to time.The government owns four refineries with [...]

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    Falana writes Kachikwu, demands explanation for ‘$60bn oil revenue loss’

Falana writes Kachikwu, demands explanation for ‘$60bn oil revenue loss’

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    Police arrest, name officers suspected of ‘killing’ 20-year-old lady in Ajegunle

Police arrest, name officers suspected of ‘killing’ 20-year-old lady in Ajegunle

The Lagos state police command has arrested five officers and declared another wanted for allegedly shooting and killing one Ada Ifeanyi, a 20-year-old lady, in Ajegunle area of the state. The policemen also allegedly shot one Emmanuel Akomafuwa, a 32-year-old, who sustained injuries and was rushed to the hospital for treatment. Confirming the incident in a statement issued on Sunday, Bala [...]

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    Bala Usman elected vice chair of UN maritime agency committee

Bala Usman elected vice chair of UN maritime agency committee

Hadiza Bala Usman, managing director of the Nigerian Ports Authority (NPA), has been elected vice chairperson of the the facilitation committee (FAL) of the International Maritime Organisation (IMO).The IMO is the United Nations (UN) agency responsible for the safety and security of shipping and the prevention of pollution by ships.According to a statement, Bala Usman was formally elected and [...]

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    UBA moves against Sahara Energy over N15bn loan

UBA moves against Sahara Energy over N15bn loan

UBA Plc has filed a winding up petition against Sahara Energy Resource Limited (Sahara Energy) at a federal high court in Lagos.The petition was based on a N15 billion loan owed by KEPCO Energy Resources Limited (KEPCO).Sahara Energy had stood as a guarantor to KEPCO.A winding up petition is a legal action taken by a creditor or creditors against an insolvent [...]

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    ‘We have over 1bn litres of petrol’– NNPC debunks rumour of impending fuel scarcity

‘We have over 1bn litres of petrol’– NNPC debunks rumour of impending fuel scarcity

The Nigerian National Petroleum Corporation (NNPC) has urged Nigerians to disregard rumours of an impending scarcity of petrol in the country.  [...]

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    Absa Group: Expansion plan in Nigeria to kick off H2 2019  

Absa Group: Expansion plan in Nigeria to kick off H2 2019  

Absa Group Limited, a South African financial services provider, says its planned expansion into Nigeria will kick off in the second half (H2) of 2019.Absa will focus on its corporate and investment bank (CIB) division, Charles Russon, chief executive of the division, told Reuters.Russon said he is positive that a strategy plan shared with the bank’s board will be [...]

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    Udoma: Nigeria’s N24.39trn debt sustainable — despite revenue challenges

Udoma: Nigeria’s N24.39trn debt sustainable — despite revenue challenges

Udoma Udoma, minister of budget and national planning, says despite the challenges to revenue generation, Nigeria’s rising debt stock is sustainable.The Debt Management Office (DMO) had released a report showing that Nigeria’s total public debt had risen to N24.39 trillion as of December 31, 2018.Patience Oniha, DMO director- general said the new figure represented a year-on-year growth rate of [...]

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    Billionaire bromance: Otedola pens touching tribute on Dangote’s birthday

Billionaire bromance: Otedola pens touching tribute on Dangote’s birthday

Femi Otedola, billionaire businessman, celebrated Aliko Dangote, Africa’s richest man, with a touching tribute on his 62nd birthday.On his official Instagram page on Wednesday, the business tycoon affectionately described Dangote as his “brother” and the “greatest man that has come out of Africa”.Listing his business achievements, Otedola said Dangote is a “titan that God created specially for mankind”."Happy birthday to [...]

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Exchange Rates

July 12, 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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