Thursday, January 3, 2019

Oluseyi Awojulugbe

    Your unused assets are needed elsewhere, says Auctions House boss

Your unused assets are needed elsewhere, says Auctions House boss

Abimbola Akingboye, chief executive officer of 3A Auctions House Limited, a general auction house, has advised Nigerians to stop holding on to assets that are not in use as these could be auctioned.In a press statement released by the company to announce the delivery of the private jet it auctioned recently to the new owner in the United States of [...]

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    Son of Nigerian diplomat jailed for killing sex worker in UK

Son of Nigerian diplomat jailed for killing sex worker in UK

Bala Chinda, a 26-year-old student of Robert Gordon University in the UK, has been handed a life sentence over the death of Jessica Nkechi McGraa, a Nigerian sex worker in Aberdeen.A son of an official at the Nigerian embassy in Beijing, capital of China, Chinda arrived Aberdeen a few weeks before the tragic incident.He denied the allegation of killing the [...]

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    There are 1.1bn smokers in the world – 226m of them live in poverty

There are 1.1bn smokers in the world – 226m of them live in poverty

The world has 1.1 billion smokers aged 15 and above – and approximately 226 million of them live in poverty – a new report by the World Health Organisation has shown.The research, which was published in 'The economics of tobacco and tobacco control', was carried out in collaboration with the National Cancer Institute of the United States of America."The tobacco industry and [...]

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    135 boys rescued from human traffickers in Jos

135 boys rescued from human traffickers in Jos

Operatives of Operation Safe Haven, a special task force outfit in Plateau state, have rescued 135 children from human traffickers in Jos, the state capital.According to Channels TV, the children, who are all male and within the age range of four to eight years, were rescued from two trucks headed to Plateau, Kaduna and Nassarawa."On Thursday January 12, the special task [...]

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    Zuckerberg, Buffet, Bill Gates… 8 men who own half of the world’s wealth

Zuckerberg, Buffet, Bill Gates… 8 men who own half of the world’s wealth

A report by Oxfam, an anti-poverty organisation, has revealed that eight men own the same wealth as the 3.6 billion people who make up the poorest half of the world's population.The report, titled 'An economy for the 99 percent', was released on Monday ahead of the World Economic Forum meeting opening in the Swiss ski resort of Davos.Oxfam used the [...]

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    Dangote to create 3,000 jobs with new truck assembly plant

Dangote to create 3,000 jobs with new truck assembly plant

Aliko Dangote, Nigerian entrepreneur, aims to create 3,000 jobs with the establishment of a truck assembly plant in Ikeja, Lagos.The plant is the result of a partnership between the Dangote group and Sinotruck, a Chinese heavy-duty truck company."The decision to go into the truck assembly plant project was informed by the need to conserve forex in view of the current economic [...]

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    He wasn’t my type, says beauty queen who Trump ‘invited to hotel room’

He wasn’t my type, says beauty queen who Trump ‘invited to hotel room’

Kata Sarka, Hungarian model, has revealed that Donald Trump, the president-elect of the United States of America, invited her to his hotel room despite being married.The former Miss Hungary said that the 70-year-old businessman was not her type. [...]

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    REVEALED: Number of Nigerian women trafficked to Italy almost doubled in 2016

REVEALED: Number of Nigerian women trafficked to Italy almost doubled in 2016

The International Organisation for Migration (IOM) has reported that the number of Nigerian women travelling by boat from Libya to Italy almost doubled in 2016, with majority of them being victims of sex trafficking and exploitation.According to IOM, approximately 80% of the 11,009 Nigerian women registered at landing points in Sicily in 2016 were trafficked, as against 2015 when 5,600 [...]

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    WHO begins measles vaccination of 4.7m children in the north-east

WHO begins measles vaccination of 4.7m children in the north-east

The World Health Organisation has started a campaign to vaccinate 4.7 million children against a measles outbreak in three north eastern states: Borno, Yobe and Adamawa.The vaccination campaign, which is expected to last for two weeks, began on Friday."This measles vaccination campaign is an emergency intervention to protect more than 4 million children against a highly contagious and sometimes deadly [...]

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    REVEALED: Lifespan of Abuja airport runway expired 21 years ago

REVEALED: Lifespan of Abuja airport runway expired 21 years ago

Hadi Sirika, minister of state for aviation, says the runaway of the Nnamdi Azikwe airport, Abuja, exceeded its lifespan in 1996.Sirika, who made this statement while speaking at the senate, explained that the runway was constructed in 1982 — with a lifespan of 14 years. He said continued operations at the airport would be unsafe and unreasonable, as incidents are recorded [...]

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    Using heartburn drugs during pregnancy may cause child to have asthma

Using heartburn drugs during pregnancy may cause child to have asthma

Researchers say the use of some heartburn medication during pregnancy could increase the chances of a child having asthma when born.Heartburn occurs when stomach acid leaks into the oesophagus – the tube that connects the stomach to the throat. [...]

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    Forte Oil, Skye Bank top NSE’s 2016 worst performing stock list

Forte Oil, Skye Bank top NSE’s 2016 worst performing stock list

Forte Oil Plc has emerged the worst performing stock in 2016, in percentage terms, having dropped by 74.42% to close trading at N84.43 per share as against N330 at the start of the trading year.Statistics obtained by NAN from the Nigerian Stock Exchange (NSE) showed that  Skye Bank followed with a loss of 68.35% to close at 50k, compared with [...]

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    MTN describes Oyagbola’s resignation as a big loss

MTN describes Oyagbola’s resignation as a big loss

Fredi Moolman, MTN Nigeria’s chief executive officer (CEO), has described the resignation of Amina Oyagbola as a big loss to the telecommunications company.Before her resignation, Oyagbola was in charge of the company's human resource and corporate services.Moolman commended her for the expertise she brought to the job."MTN has again commended the immense dedication and passion for excellence which Amina Oyagbola [...]

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    We regret losing one of our key members, says public relations association

We regret losing one of our key members, says public relations association

The Public Relations Consultants Association of Nigeria (PRCAN) has described the recent passage of Osita Ike, one of its members, as a great loss to the communications industry in Nigeria.Before his death, Ike was the principal consultant of Oyster St Iyke Limited, a PR and communications consultancy, and an active member of both PRCAN and the Nigerian Institute of Public [...]

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    N74m Aso Rock rent, N94m for tyres, N396m for cars… 20 details of Budget 2017

N74m Aso Rock rent, N94m for tyres, N396m for cars… 20 details of Budget 2017

President Muhammadu Buhari presented the 2017 budget to the national assembly on Wednesday, December 14, 2016, promising economic recovery.As expected the budget, which amounted to N7.298 trillion naira, was different from the 2016 budget in many ways.TheCable reviewed the 1,047-paged document, and brings you 20 fine details of interest.Here are some details of the 2017 budget:Total budgetN7.298 trillion budget.Aim of the budgetThe [...]

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    It was painful to watch US elections, says Michelle Obama

It was painful to watch US elections, says Michelle Obama

Michelle Obama, first lady of the United States, says watching the 2016 US presidential election was painful.Time reports that the wife of the president revealed this while speaking to Oprah Winfrey in a farewell interview at the White House.Michelle Obama and her husband, Barrack Obama, campaigned for Hillary Clinton, the presidential candidate for the Democratic party, in the US election. However, [...]

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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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