Saturday, January 5, 2019

Oluseyi Awojulugbe

    Moodys: Likelihood of a shock that will damage Nigeria’s economy is low

Moodys: Likelihood of a shock that will damage Nigeria’s economy is low

Moodys, a credit rating agency, says that the likelihood of a shock that will damage Nigeria's economic and fiscal strength is low.In a report titled 'Government of Nigeria -- B2 stable, Annual credit analysis', the agency said the country's credit profile is still constrained by the fact the government has not been able to expand its non-oil revenue base sufficiently."The [...]

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    Faking it is part of an entertainer’s life, Charles Novia replies AY

Faking it is part of an entertainer’s life, Charles Novia replies AY

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    ‘Welcome to a backstabbing community’ — AY speaks on Nollywood

‘Welcome to a backstabbing community’ — AY speaks on Nollywood

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    ‘King of Boys’ has made N200m at the box office, says Kemi Adetiba

‘King of Boys’ has made N200m at the box office, says Kemi Adetiba

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    Bolanle Olukanni, Tobi Bakre unveiled as hosts for 2018 Future Awards

Bolanle Olukanni, Tobi Bakre unveiled as hosts for 2018 Future Awards

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    FG gets five-day grace as DAPPMAN suspends shutdown

FG gets five-day grace as DAPPMAN suspends shutdown

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    Non-oil sector keeps rising as Q3 GDP grows 1.81%

Non-oil sector keeps rising as Q3 GDP grows 1.81%

The non-oil sector of the economy continued its growth pattern in the third quarter of 2018, moving from 2.05% recorded in the second quarter to 2.32%.According to the third quarter gross domestic product report released by the National Bureau of Statistics on Wednesday, the nation's GDP moved to 1.81% from 1.50% in the second quarter."The nation’s Gross Domestic Product (GDP) [...]

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    Oil marketers to shut down ALL loading operations by midnight

Oil marketers to shut down ALL loading operations by midnight

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has directed its members to shut down all loading operations by midnight. [...]

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    FAAN withdraws services from MMA2, Gombe, Warri airports

FAAN withdraws services from MMA2, Gombe, Warri airports

The Federal Airports Authority of Nigeria (FAAN) has notified airlines of the withdrawal of its services to Osubi Airport, Warri, Gombe Airport and Murtala Muhammed Airport 2 (MMA2) over alleged indebtedness.Henrietta Yakubu, FAAN's general manager for corporate communications, said the agency had given notices to the operators of the airports and affected state governments before the decision was reached.The notice [...]

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    Oil marketers deny agreement with FG, demands cash payment

Oil marketers deny agreement with FG, demands cash payment

Oil marketers under the aegis of Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) say they have not reached an agreement with the federal government.In a statement released on Saturday and signed by Olufemi Adewole, the executive secretary, the association said their ultimatum to cease depot operations on Monday has not changed."We did not sign the purported document with [...]

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    Facebook to host 2018 TechCrunch Startup Battlefield Africa

Facebook to host 2018 TechCrunch Startup Battlefield Africa

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    NYSC has cancelled my one-year service, says Davido

NYSC has cancelled my one-year service, says Davido

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    Report: OPEC members complaining, say Nigeria is overproducing

Report: OPEC members complaining, say Nigeria is overproducing

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    ‘Total didn’t pay $214m for LADOL’s fabrication yard’ — Samsung speaks on alleged blackmail

‘Total didn’t pay $214m for LADOL’s fabrication yard’ — Samsung speaks on alleged blackmail

Samsung Heavy Industries Nigeria Limited (SHIN) says it did not receive $214 million from Total for the construction of a fabrication yard at Lagos Deep Offshore Logistics (LADOL) Island.In a letter by its representatives sent to TheCable, the Korean company said the payments made to SHIN were part of the Egina floating production storage offloading (FPSO) contract price.Samsung also claimed [...]

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    Kwam 1, Onyeka Onwenu concert postponed over ‘logistical clashes’

Kwam 1, Onyeka Onwenu concert postponed over ‘logistical clashes’

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    ‘We grew out of love’ — Cardi B’s marriage with Offset crashes after one year

‘We grew out of love’ — Cardi B’s marriage with Offset crashes after one year

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Exchange Rates

January 03, 2019USDGBPEUR
INTERBANK306397354
LAGOS361463411
KANO360465413
PH361462412
ABUJA362462413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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