Wednesday, September 26, 2018

Taiwo Adebulu

    David-West: The mistake Buhari made over Adeosun

David-West: The mistake Buhari made over Adeosun

Tam David-West, former minister of petroleum resources and an ally of President Muhammadu Buhari, says the president's mistakes are haunting his government.In an interview with The Guardian, he said Buhari made a mistake in the first four months of his administration with the people he surrounded himself with and are working against him.David-West said that the economy is not doing well [...]

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    NSIA pays $417.46m to NBET ‘to develop electricity market’

NSIA pays $417.46m to NBET ‘to develop electricity market’

The Nigeria Sovereign Investment Authority (NSIA) has paid $417.46 million to Nigeria Bulk Energy Trading Company (NBET) to develop the electricity market.Titilope Olubiyi, NSIA communications adviser, said this followed the expiration of a four-year investment agreement terms.The funds were transferred in three tranches with $8m paid on May 2016, $5.5m in August 2016 and the last on July 2018 with [...]

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    Abuja DisCos to roll out over 200,000 prepaid meters to end estimated billing

Abuja DisCos to roll out over 200,000 prepaid meters to end estimated billing

Ernest Mupwaya, managing director of Abuja Electricity Distribution Company (AEDC), says the firm is committing N10 billion to the provision of 222,728 pieces of meters in the next five months.He disclosed this on Wednesday while flagging the installation of the prepaid meters at CITEC estate in Abuja.Mupwaya said the installation of the new set of prepaid meters will benefit the [...]

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    Borno hunters: We can invade Sambisa and capture Shekau ‘like a rabbit’

Borno hunters: We can invade Sambisa and capture Shekau ‘like a rabbit’

Dozens of hunters in Borno state say they have what it takes to lock down Sambisa forest and capture Abubakar Shekau, leader of the Boko Haram insurgents.Bukar Mustapha, organising secretary of the hunters, disclosed this in a chat with TheCable.He said 20,000 hunters are ready for the mission to hunt down Shekau and eliminate his fighters hiding in various enclaves [...]

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    PDP BoT to meet presidential aspirants over consensus candidate 

PDP BoT to meet presidential aspirants over consensus candidate 

The board of trustees (BoT) of the Peoples Democratic Party (PDP) is preparing to meet with all presidential aspirants of the party to discuss the possibility of picking a consensus candidate for 2019.Walid jibrin, chairman of the BoT, disclosed this at a news conference in Kaduna on Wednesday.Jibrin said if the aspirants do not agree on  a consensus candidate, the [...]

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    BOI to support two million traders with interest-free loans

BOI to support two million traders with interest-free loans

Toyin Adeniji, executive director of Bank of Industry (BOI), says the organisation has put in place initiatives to support two million traders with interest-free loans.While unveiling the ‘Trader Moni’ initiative in Lagos on Tuesday, Adeniji said BOI will not relent until every Nigerian has access to loans, irrespective of their status or level of education.She said the aim of the initiative is [...]

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    ‘It’s wrong to freeze government accounts’ — Yari tackles EFCC

‘It’s wrong to freeze government accounts’ — Yari tackles EFCC

Abdulaziz Yari, chairman of the Nigerian Governors' Forum (NGF), says the freezing of state government accounts is unconstitutional and wrong.In a statement on Wednesday, the Zamfara governor described such action by anti-corruption agencies as shutting down of government.He reacted to the freezing of bank accounts belonging to Benue state by the Economic and Financial Crimes Commission (EFCC) over alleged abuse of the state security [...]

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    Tambuwal describes DSS blockade as an attempted coup

Tambuwal describes DSS blockade as an attempted coup

Aminu Tambuwal, governor of Sokoto state, has described the blockade of the national assembly by operatives of the Department of State Services (DSS) as an attempted coup  against the legislature.In a statement, the governor described the action as a direct and unacceptable indication of contempt for the sanctity of the legislature.On Tuesday, DSS operatives blocked all entrances to the national assembly. Consequently, Acting [...]

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    IGP is next, says R-APC on sack of DSS DG

IGP is next, says R-APC on sack of DSS DG

The Reformed All Progressives Congress (R-APC) has asked Acting President Yemi Osibanjo to sack Ibrahim Idris, inspector-general of police.Kassim Afeguba, spokesman of the group, said this in a statement on Wednesday.He described the blockade of the national assembly by DSS as a desperate action by the APC to unseat Senate President Bukola Saraki.On Tuesday, DSS operatives blocked all entrances to the national [...]

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    Nigeria loses 4,379MW due to gas shortage, poor distribution network

Nigeria loses 4,379MW due to gas shortage, poor distribution network

Data from the Independent System Operator (ISO) has revealed that Nigeria lost 4,379 megawatts (MW) of power due to gas shortage and poor distribution network.According to the data from ISO, the drop in load demand by distribution companies (DisCos), about 2,551MW, affected some generation companies (GenCos) as they shut down their turbines and generation capacity.Sixteen GenCos turned down 35 turbines to [...]

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    Ekiti poll: Lawyer asks INEC to prosecute Fayose, Olusola

Ekiti poll: Lawyer asks INEC to prosecute Fayose, Olusola

Kabir Akingbolu, a Lagos-based lawyer, has asked the Independent National Electoral Commission (INEC) to prosecute Ayo Fayose, governor of Ekiti state, and Kolapo Olusola, his deputy, for electoral offences in the last governorship election.In a letter to the chairman of INEC, Akingbolu asked the commission to prosecute Lere Olayinka, spokesperson of the governor, for "deliberately" breaching several provisions of the Electoral [...]

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    EXTRA: Special assistant to Kano governor on graveyards resigns

EXTRA: Special assistant to Kano governor on graveyards resigns

Yakubu Nagoda, special assistant on graveyards to Abdullahi Ganduje, governor of Kano state, has resigned.In a letter dated August 4, addressed to the secretary to the state government, Nagoda thanked the governor for giving him the opportunity to work with him and the people of the state.However, he did not state the reason for his resignation.He wrote, “I regret to write [...]

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    EXTRA: PDP spokesman describes Oshiomhole as factional chairman of APC

EXTRA: PDP spokesman describes Oshiomhole as factional chairman of APC

Kola Ologbondiyan, spokesman of the Peoples Democratic Party (PDP), has described Adams Oshiomhole, national chairman of the All Progressives Congress (APC), as a factional leader of the ruling party.In a tweet on Thursday, Ologbondiyan said the call for Senate President Bukola Saraki to resign by Oshiomhole is laughable and sickening.On Wednesday, the APC chairman had asked Saraki to step down as [...]

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    Nigerians ‘no longer prefer Italy and France’ as top travel destinations

Nigerians ‘no longer prefer Italy and France’ as top travel destinations

The application for Schenghen visa in Nigeria dropped by 5.7%, between 2016 and 2017, according to statistics released by SchengenVisaInfo.com.A total of 88,714 Nigerians reportedly filed for Schengen visa application in 2016, while 83,467 applied for visa at the Lagos and Abuja consulates in 2017.According to the data, Nigerians no longer prefer Italy and France as their top travelling destinations.“Knowing that [...]

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    Defection: Oshiomhole asks Saraki to step down

Defection: Oshiomhole asks Saraki to step down

Adams Oshiomhole, national chairman of the All Progressives Congress  (APC), has asked Senate President Bukola Saraki to step down.Speaking with journalists after meeting with President Muhammadu Buhari and some APC senators in Abuja on Wednesday, the party chairman said the senate president collected a crown that belonged to a family to wear in another.On Tuesday, Saraki defected from APC to the [...]

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    Lai: Saraki slowed down the progress of APC…  we won’t miss him

Lai: Saraki slowed down the progress of APC… we won’t miss him

Lai Mohammed, minister of information, says Senate President Bukola Saraki slowed down the progress of the All Progressives Congress (APC).Mohammed said this on Wednesday while briefing state house correspondents after the weekly federal executive council (FEC) meeting presided over by President Muhammadu Buhari at the council chamber of the presidential villa in Abuja,On Tuesday, the senate president and Abdulfatah Ahmed, governor [...]

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Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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