Thursday, November 15, 2018

Taiwo Adebulu

    Ganduje ‘bribery’ videos: Contractor willing to testify before Kano assembly panel

Ganduje ‘bribery’ videos: Contractor willing to testify before Kano assembly panel

The contractor behind the videos showing Abdullahi Ganduje, Kano governor, purportedly receiving bribes, says he is ready to testify before the state assembly panel investigating the matter.In a letter sent to the chairman of the investigative panel, through Saeed Muhd Twada, his lawyer, the contractor referred to as a 'whistleblower' said his allegation against Ganduje is strictly personal and that [...]

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    Lai claims 7,000MW, Adesina says 4,500MW… what’s the truth about Nigeria’s power generation?

Lai claims 7,000MW, Adesina says 4,500MW… what’s the truth about Nigeria’s power generation?

Within 24 hours, two prominent figures have churned out conflicting figures on Nigeria's current power generation capacity. On Tuesday, Lai Mohammed, minister of information, said the country now generates 7,000 megawatts of electricity. A day after, Akinwumi Adesina, president of the African Development Bank (AfDB), pegged the figure at "around 4,500 megawatts".While speaking at a News Agency of Nigeria (NAN) [...]

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    El-Zakzaky to remain in DSS custody as court denies him bail

El-Zakzaky to remain in DSS custody as court denies him bail

Ibrahim El-Zakzaky, leader of the Islamic Movement in Nigeria (IMN), and his wife will remain in custody as a high court in Kaduna state has refused to grant them bail.Gideon Kurada, presiding judge, denied the bail application on the ground that El-Zakzaky did not attach a medical report to it.El-Zakzaky is facing trial over allegations of culpable homicide, unlawful assembly, [...]

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    Enugu guber aspirant drags APC, Oshiomhole to court over primary

Enugu guber aspirant drags APC, Oshiomhole to court over primary

George Ogara, a governorship aspirant of the All Progressives Congress (APC) in Enugu, has dragged Adams Oshiomhole, national chairman of the party, to court over the outcome of the primary election.In the case filed at an Abuja federal high court on November 2, Ogara is seeking an order of interlocutory injunction restraining Oshiomhole, APC or any agent of the party [...]

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    FG to increase power generation to 9000MW by December

FG to increase power generation to 9000MW by December

The federal government says it will increase power generation to 9,000 megawatts by the end of 2018.Lai Mohammed, minister of information, made this known on Tuesday while speaking at a NAN Forum in Abuja.The minister said the government will add 2,000 megawatts to the current 7,000 capacity.Mohammed said the government will also embark on 90 power transmission projects nationwide to [...]

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    Sunny Odogwu, top Nigerian businessman, dies at 87

Sunny Odogwu, top Nigerian businessman, dies at 87

Sunny Odogwu, a Nigerian businessman, is dead.According to a family source, Odogwu was said to have died in his home on Monday.Born on March 20, 1931, in Calabar, Odogwu hails from Delta state and holds a high ranking traditional title of Ide Ahaba of Asaba.He had his secondary school education at Ilesha Grammar School, Osun state and thereafter joined an [...]

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    N7.7bn fraud: Court gives Orji Kalu 7-day ultimatum to return to Nigeria

N7.7bn fraud: Court gives Orji Kalu 7-day ultimatum to return to Nigeria

A federal high court in Lagos has ordered Orji Kalu, former governor of Abia state, to return to Nigeria in seven days to face trial for the N7.7 billion fraud he allegedly committed as governor.Kalu, who is standing trial, was absent in court on Monday.On Friday, Kunle Oyewunmi, his spokesman, had said the former governor flew to Germany last Monday [...]

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    Presidential candidate speaks on plans to remove obstacles to investment

Presidential candidate speaks on plans to remove obstacles to investment

Gbenga Olawepo-Hashim, presidential candidate of the Peoples Trust (PT), says his party's new Nigerian economic development plan will create $4 trillion GDP in 10 years.In a statement on Monday, Olawepo-Hashim said his party has a target to net five percent of global infrastructure funds in 10 years by removing obstacles to investments.He added that if the party is elected in [...]

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    Buhari begs NLC to shelve nationwide strike

Buhari begs NLC to shelve nationwide strike

President Muhammadu Buhari has appealed to the Nigeria Labour Congress (NLC) to shelve its nationwide strike slated to commence on Tuesday.The president made the appeal at the presidential villa on Monday while receiving members of Retired Career Ambassadors of Nigeria.In a statement by Femi Adesina, special adviser on media and publicity to the president, Buhari said the labour union should [...]

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    FG in last-minute talks with labour to avert strike

FG in last-minute talks with labour to avert strike

Members of the tripartite committee on national minimum wage are currently meeting to chart a way forward and possibly resolve the controversies over the minimum wage for workers.The meeting is taking place at the office of the secretary to the government of the federation (SGF) in Abuja.In attendance are representatives of labour unions, organised private sector and top government officials.Members [...]

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    Ogaji: DisCos owing power generation firms N500bn

Ogaji: DisCos owing power generation firms N500bn

Joy Ogaji, executive secretary of Association of Power Generation Companies (APGC), says the Nigerian Bulk Electricity Trading (NBET) is yet to pay the N500bn debt owed by electricity distribution companies (DisCos).Speaking with reporters in Abuja on Sunday, Ogaji said power firms have been taking loans from banks to be able to generate electricity.She said the federal government has only paid 80 [...]

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    Buhari has succumbed to the firepower of governors, says Shehu Sani on APC crisis

Buhari has succumbed to the firepower of governors, says Shehu Sani on APC crisis

Shehu Sani, senator representing Kaduna central, says governors under the All Progressives Congress (APC) have no respect for President Muhammadu Buhari and do not share his philosophy.In an interview with The Nation, Sani said the president is unable to curtail the powers of the governors and have succumbed to them.Commenting on the crisis rocking the ruling party, the senator said [...]

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    Why we used Trump’s ‘stone video’ to justify killing of Shi’ites

Why we used Trump’s ‘stone video’ to justify killing of Shi’ites

The Nigerian army has again justified its killing of some members of the Islamic Movement in Nigeria (IMN) better known as Shi'ites, describing a stone as a weapon.While speaking with New York Times on Friday, John Agim, acting director of defence information, said the army used the video of US President Donald Trump as a response to Amnesty International's [...]

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    Tinubu: I won’t work for Atiku in 2019

Tinubu: I won’t work for Atiku in 2019

Bola Tinubu, a national leader of the All Progressives Congress (APC), says his relationship with Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), is not about the 2019 elections.In a statement by Tunde Rahman, Tinubu's spokesman, the APC leader said his relationship with Abubakar is the same as other politicians he has met in his political journey.Rahman was [...]

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    Group asks ministry for contracts to fund Buhari’s campaign

Group asks ministry for contracts to fund Buhari’s campaign

Buhari Campaign Organisation, a political group, has asked the ministry of power, works and housing, for a contract to fund the campaign for President Muhammadu Buhari.In the letter dated September 20, signed by one Abba Ali, national patron, and two others, the group asked for a project for the supply and installation of road signs along federal highways.It demanded that [...]

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    Lai: We are doing our best to rescue Leah Sharibu

Lai: We are doing our best to rescue Leah Sharibu

Lai Mohammed, minister of information, says the federal government is doing its best to ensure Leah Sharibu, the only Dapchi girl in Boko Haram captivity, is released.The minister said this while speaking with reporters after the 100 years celebration of St. Andrews Catholic Church in his Oro home town, Kwara state, on Thursday.Mohammed said Sharibu is a precious daughter of [...]

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Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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