Saturday, February 16, 2019

Oluseyi Awojulugbe

    Trump imposes fresh ban on six Islamic nations, excludes Iraq

Trump imposes fresh ban on six Islamic nations, excludes Iraq

President Donald Trump has signed a new executive order on immigration, placing a 90-day ban on people from six mainly Muslim nations.Iraq has been removed from the list of countries contained in the previous seven-nation order.Citizens of Iran, Libya, Syria, Somalia, Sudan and Yemen are the ones who would be subjected to a travel ban for the second time.The measure, which [...]

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    Presidential aide advises Nigerians to postpone US trips

Presidential aide advises Nigerians to postpone US trips

Nigerians who have no urgent reason to travel to the US have been advised to postpone their trips.Abike Dabiri-Erewa, senior special assistant to the president on foreign affairs and diaspora, gave the advice in a statement issued on Monday.Dabiri-Erewa said it had become important to issue the warning after the reports of Nigerians being denied entry into the US."In the last [...]

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    Jonathan: It’s politics — I never rejected British offer to rescue Chibok girls

Jonathan: It’s politics — I never rejected British offer to rescue Chibok girls

Former president Goodluck Jonathan has denied reports that his administration refused help from the British government to rescue the abducted Chibok girls.A foreign newspaper had reported that the Jonathan-led administration rejected the offer of British armed forces to help in rescuing the girls, who were abducted in April 2014.In a statement signed by Ikechukwu Eze, media adviser to Jonathan, the [...]

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    Electricity: DisCos have failed but the fault not theirs alone, says FG

Electricity: DisCos have failed but the fault not theirs alone, says FG

The federal government has said that the electricity distribution companies have not met its expectation of improving customer services across the country.In a statement released on Friday by the ministry of power, works and housing, the government unveiled the steps it hopes will improve the electricity industry."In recognition of the critical role that energy and access to electricity plays in [...]

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    Amosun to assist Immigration in ‘flushing out’ illegal aliens

Amosun to assist Immigration in ‘flushing out’ illegal aliens

Ibikunle Amosun, governor of Ogun state, has promised to help the Nigerian Immigration Service (NIS) fight the menace of illegal aliens.Amosun said this, on Friday, when he hosted Oluwatoba Bayeroju, new comptroller of the service in Ogun, at his office in Oke Mosan, Abeokuta."Due to our status as the most industrialised state in Nigeria, I am aware that we are [...]

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    Naira loses steam, closes at 465/$1

Naira loses steam, closes at 465/$1

After days of gaining strength against the dollar, naira finally lost it's steam and closed at N465, losing N7 from its Thursday closing price of N458.NAN reports that naira traded at N542 to the pound sterling and N480 to the euro.At the bureau de change (BDC) window, the naira traded at N399 to a dollar at the CBN-controlled rate, while pound [...]

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    PwC: CEOs must show that humans are their priority — not technology

PwC: CEOs must show that humans are their priority — not technology

Olusola Adewole, an associate director at PwC Nigeria, has asked the chief executive officers (CEOs) to show that humans are their priority "in an age where artificial intelligence is threatening to replace human skills".The multinational auditing firm said a survey it carried out showed that only 39% of organisation leaders are considering the impact of artificial intelligence on future skills [...]

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    MTN posts $200m full-year loss —  first in 22 years

MTN posts $200m full-year loss — first in 22 years

MTN Group has announced that it lost $200m in 2016 – the first full-year loss of the company in its 22 years of existence.TheCable had earlier reported that the South African telecommunications company was expecting a full-year loss as a result of the N330bn regulatory fine imposed on it by the federal government.In 2016, the Nigeria Communication Commission (NCC) imposed the fine [...]

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    Investors will lose confidence if NLNG act is amended, Attah warns

Investors will lose confidence if NLNG act is amended, Attah warns

Tony Attah, managing director of the Nigerian LNG Limited, says the proposed amendment to the NLNG act will result in immediate loss of investor confidence.Attah, who spoke at the 2017 Nigeria Oil and Gas Strategic Conference and International Exhibition in Abuja, lamented the decline in investments in gas and the liquefied natural gas industry."It is time for gas. We need [...]

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    GTB wins six prizes at CBN awards

GTB wins six prizes at CBN awards

Guaranty Trust Bank Plc, emerged a multiple award winner at the 2017 Electronic Payment Incentive Scheme (EPIS) awards, organised by the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS).With six awards, GTBank took home half of the dozen honours won by banks, and had the highest number of the total awards presented to financial institutions.The EPIS [...]

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    Falana demands release of Gbadamosi, asks Malami to restrain DSS

Falana demands release of Gbadamosi, asks Malami to restrain DSS

Femi Falana, a senior advocate of Nigeria, says the Department of State Security Service (DSS), has violated the rights of Babatunde Gbadamosi, a chieftain of the Peoples Democratic Party (PDP) in Lagos, by detaining him for over a week.A statement signed by Falana said Gbadamosi was detained by the DSS after he honoured the agency's invitation in Lagos on February [...]

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    Ooni to host Nigerians in UK to dinner

Ooni to host Nigerians in UK to dinner

Adeyeye Enitan Ogunwusi, ooni of Ife, will host corporate Nigerians in London to a dinner and award ceremony in March.The dinner, which is organised by Babatunde Loye Foundation, a UK-based organisation, will take place at JW Marriot Hotel, West London.The monarch expressed readiness for the event, saying such occasions were important for promoting business opportunities in Nigeria and in raising [...]

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    Ekeh, Zinox chairman, beats Adenuga, Jim Ovia to Technology Times award

Ekeh, Zinox chairman, beats Adenuga, Jim Ovia to Technology Times award

Leo Stan Ekeh, chairman, Zinox Technologies, has emerged winner of the maiden edition of Technology Times Person of The Year award.Ekeh was nominated along Mike Adenuga, chairman Globacom Limited; Umar Garba Danbatta, chief executive/executive vice chairman, Nigerian Communications Commission (NCC); Omobola Johnson, pioneer minister of communication technology for Nigeria; Funke Opeke, chief executive officer, MainOne and Jim Ovia, pioneer chairman, [...]

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    From April, banks will charge N4m on every N40m cash withdrawal

From April, banks will charge N4m on every N40m cash withdrawal

The Central Bank of Nigeria (CBN) has announced that charges on deposits will be re-introduced.In a circular released on its website, the apex bank said the decision was made at the 493rd bankers committee meeting that held on February 8.The apex bank also said it would extend its cashless policy to the remaining 30 states."Please be informed that the bankers [...]

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    Finally, LAUTECH lecturers call off 8-month strike

Finally, LAUTECH lecturers call off 8-month strike

Lecturers in the Ladoke Akintola University of Technology (LAUTECH), Ogbomosho, have put an end to the strike they embarked on after almost eight months.Bodunrin Olaniran, chairman of the Academic Staff Union of Universities (ASUU), LAUTECH branch and Toyin Abegunrin, the secretary, announced the suspension in a letter. [...]

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    Airport closure: Helicopter service ‘now available’ from Kaduna to Abuja – but for N50k

Airport closure: Helicopter service ‘now available’ from Kaduna to Abuja – but for N50k

Helicopter services are now available for passengers who do not wish to travel from Kaduna to Abuja by road, after the closure of the Nnamdi Azikwe International airport in Abuja.The federal government had earlier announced the closure of the Abuja airport, with plans to redirect flights to Kaduna airport, for a period of six weeks, to allow repair works on [...]

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Exchange Rates

February 15, 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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