Saturday, April 6, 2019

Oluseyi Awojulugbe

    Chan: We were too slow with Ebola — but corrections were quickly made

Chan: We were too slow with Ebola — but corrections were quickly made

Margaret Chan, director-general of the World Health Organisation, says the world body made mistakes with its response towards the Ebola outbreak but quickly made corrections.Chan made this statement while delivering her last opening remarks as WHO director-general at the 70th world health assembly."WHO was too slow to recognize that the virus, during its first appearance in West Africa, would behave [...]

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    Ethopia’s Ghebreyesus replaces Chan as WHO director general

Ethopia’s Ghebreyesus replaces Chan as WHO director general

Member states of the World Health Organization (WHO) on Tuesday elected Tedros Adhanom Ghebreyesus from Ethiopia to replace Margaret Chan as director general.Ghebreyesus, who was nominated by the government of Ethiopia, will begin his five-year term on July 1, 2017.Chan, who was director of health of Hong Kong, was first elected in November 2006 and re-elected in July 2012.The election [...]

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    Rescued Nigerian migrant says ‘Libyans believe blacks are slaves’

Rescued Nigerian migrant says ‘Libyans believe blacks are slaves’

John Osifo, one of the 600 migrants rescued on Thursday in the Mediterranean Sea by a humanitarian ship, has told stories of beatings, arbitrary detention and slavery while in Libya.Osifo, a 29-year-old Nigerian who spent 11 months in Libya, said he did not plan to go to Europe, but after a few months working at a car wash, a local [...]

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    Q&A: How ease-of-doing-business executive order affects you

Q&A: How ease-of-doing-business executive order affects you

Exercising presidential authority, Yemi Osinbajo, acting president, signed three executive orders into law on Thursday.The three executive orders signed by Osinbajo were "the promotion of transparency and efficiency in the business environment, designed to facilitate ease of doing business in Nigeria; support for local content in public procurement by the government, and timely submission of annual budgetary estimates by all [...]

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    MTN considering acquisition of MultiChoice Africa

MTN considering acquisition of MultiChoice Africa

Naspers Limited, parent company of MultiChoice Africa, is having discussions with MTN, South African telecommunications company, regarding the sale of the company.MultiChoice Africa is the franchise owner of DStv and GOtv.Bloomberg reports that the disposal of MultiChoice Africa will not affect the South African division of the TV network although the plans have not been made public."A sale is one [...]

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    EU bans Medview aircraft from flying to London (updated)

EU bans Medview aircraft from flying to London (updated)

The European Commission has banned the aircraft of Medview Airlines from operating in its airspace.But the airline says it has since been operating with a wet-leased aircraft.Isiaq Na’Allah, executive director, business development and commercial, told NAN on Thursday that the ban fell under an exception rule in EASA, Annex A, where it states that "Air carriers listed in Annex A could [...]

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    UNICEF: Six months exclusive breastfeeding will curb malnutrition in Nigeria

UNICEF: Six months exclusive breastfeeding will curb malnutrition in Nigeria

The United Nations Children’s Fund (UNICEF) has said nursing mothers should observe the six months exclusive breastfeeding for their children as a way of curbing child malnutrition in Nigeria.The organisation’s nutrition specialist in its Bauchi field office, Philomena Irene, gave the advise at a two-day media dialogue on child malnutrition in Yola on ThursdayThe dialogue, which was organised by UNICEF [...]

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    FACT CHECK: Was Adeosun right about Nigeria not borrowing internationally since 2013?

FACT CHECK: Was Adeosun right about Nigeria not borrowing internationally since 2013?

In a speech delivered on Facebook Live in April, Kemi Adeosun, minister of finance, said that the country has not borrowed internationally since 2013.Adeosun made this statement while outlining the government's borrowing plans explaining that the country did not have enough money for the level of infrastructure spending it wanted, which amounted to 30% of the budget according to her."To [...]

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    Rwanda slams $8.5m fine on MTN for ‘regulatory breach’

Rwanda slams $8.5m fine on MTN for ‘regulatory breach’

Rwanda Utilities Regulatory Authority (RURA) has fined MTN Rwanda, a division of the South African telecommunications company, $8.5 million for hosting its IT services outside the country.In a statement on its website, the telecommunications regulator said MTN breached its license by running its IT services in Uganda."MTN Rwanda provided services in contravention of enforcement notice and directives issued by the [...]

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    ‘Implementation of building industry laws will phase out quacks’

‘Implementation of building industry laws will phase out quacks’

Adenike Said, chairman, Nigeria Institute of Builders, Lagos state chapter, says that building laws must be implemented to phase out quacks in the building industry.Said made this statement at the Lafarge building community dialogue series, which was held in collaboration with the NIB, Lagos chapter."This is the first interaction between Lafarge and NIOB. In construction, the missing link is an [...]

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    13 killed as meningitis hits Liberia

13 killed as meningitis hits Liberia

Bernice Dahn, Liberia's minister of health, has confirmed that four people have tested positive for a strain of meningitis.According to Reuters, a total of 31 cases of the 'mystery illness' had been reported, including 13 deaths in the outbreak, which has been linked to the attendance of the funeral of a religious leader.While addressing journalists, Dahn said seven specimens from [...]

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    Passport booklets now available, says NIS

Passport booklets now available, says NIS

The Nigeria Immigration Service (NIS) says that it has provided passport booklets to all its issuing centres across the country.A statement signed by James Sunday, NIS public relations officer, said that the issue of passport booklet scarcity has been resolved and members of the public could visit any of its centres to get passports issued.The statement, which was released on [...]

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    Salt company announces new products to improve earnings

Salt company announces new products to improve earnings

The management of National Salt Company of Nigeria (NASCON) says it will launch new products to improve earnings.Fatima Aliko Dangote, the company's executive director, commercial, said this at NASCON's annual general meeting which held on Thursday.She said the company was working on expansion."We are expanding, we are investing on the new refinery for our salt and we are also looking [...]

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    GSM operators lost 1.66m subscribers in March

GSM operators lost 1.66m subscribers in March

The Nigerian Communications Commission (NCC) says Global System for Mobile Communications (GSM) network operators in Nigeria lost 1.66 million subscribers in March.According to the subscriber data released on the commission's website, all GSM operators, excluding Globacom recorded a decline in subscribers.NCC said the active telecommunications service customers, which was 154,120,484 in February, declined to 152,467,198 in March 2017.A total of [...]

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    Tax debt: FIRS shuts 11 firms in Lagos, Owerri, Port Harcourt

Tax debt: FIRS shuts 11 firms in Lagos, Owerri, Port Harcourt

The federal inland revenue service (FIRS) says it has sealed the premises of 11 tax-defaulting companies in Lagos, Owerri and Port Harcourt.A statement by the agency said it sealed off two companies in Port Harcourt, six in Owerri and three in Lagos."In Port Harcourt, the FIRS enforcement team shut the offices of Fiddil commercial company at the Trans-Amadi area of [...]

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    Trouble for dollar hoarders as CBN plans more forex injection

Trouble for dollar hoarders as CBN plans more forex injection

The Central Bank of Nigeria (CBN) has disclosed its plan to commence announce round of forex injections into the invisible segment of the market.The planned action is expected to lead to a depreciation of the dollar against the naira.Isaac Okorafor, CBN acting director of corporate communications, told journalists that the proposed action to inject forex in the interbank segment of the market [...]

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Exchange Rates

April 5, 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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