Thursday, July 18, 2019
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    THE INSIDER: Anxiety mounts as Buhari keeps ministerial list close to his chest

THE INSIDER: Anxiety mounts as Buhari keeps ministerial list close to his chest

Close to two weeks into President Muhammadu Buhari's second term, many of the ministers who were confident of being re-appointed are no longer sure about their fate as the waiting game continues.Technically, Buhari could not have released his ministerial list before the inauguration of the national assembly, which is due for Tuesday, June 11.He is expected to send the list [...]

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    FACT CHECK: Did Obasanjo visit Sanusi as this picture ‘suggests’?

FACT CHECK: Did Obasanjo visit Sanusi as this picture ‘suggests’?

You must have seen the picture on social media -- former president Olusegun Obasanjo packing his brown agbada with his left hand and walking ahead of Muhammad Sanusi II, the emir of Kano, who is dressed in his full regalia.The picture started trending a few days after the decimation of Kano emirate by Abdullahi Ganduje, the governor of Kano state, [...]

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    As $9bn award hangs over Nigeria, investors ‘worried’ over country’s growing debt

As $9bn award hangs over Nigeria, investors ‘worried’ over country’s growing debt

Nigeria's ability to repay its external debts has come under scrutiny amidst further threat following the $9 billion arbitration award against the country by a London tribunal.The country's external debt burden rose from $10.3 billion in June 2015 to $22.1 billion by June 2018.The 115 percent increase means the debts are now approaching pre-2005 levels when the Paris and London [...]

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    FIRS budgets N160m for uniforms of 850 drivers

FIRS budgets N160m for uniforms of 850 drivers

The Federal Inland Revenue Service (FIRS) has budgeted N160 million for sewing of uniforms for its drivers.The service also budgeted N825 million for refreshment and N250 million for security vote.While defending the budget before a joint committee of the national assembly on Monday, Babatunde Fowler, chairman of the agency,  said the N160 million was earmarked to sew the uniforms of the [...]

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    Disquiet at Petroleum Equalisation Fund over recruitment scandal

Disquiet at Petroleum Equalisation Fund over recruitment scandal

Officials of the Petroleum Equalisation Fund (PEF) have refused to respond to media enquiries over reports that the government agency has flouted recruitment laws. PEF, a government agency administering uniform prices of petroleum products across the country, recently demoted and dismissed some management staff over various acts of impropriety. But the unresolved case of Ahmed Aminu Said has stuck out like a broken [...]

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    REVEALED: Senate’s running cost could have provided one million boreholes!

REVEALED: Senate’s running cost could have provided one million boreholes!

Each senator in the 8th assembly got a monthly running cost of N13.5 million. This was aside the basic salary and other allowances that they received. Since there are 109 senators, their running cost amounted to N1.47 billion in a month and would have reached a total of N70.6 billion by the end of this month. Over N70 billion was [...]

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    FACT CHECK: Is 27-year-old Hannatu Mohammed unqualified to be on ICPC board?

FACT CHECK: Is 27-year-old Hannatu Mohammed unqualified to be on ICPC board?

Hannatu Mohammed is trending on the social media -- and it is not for the good reasons.The 27-year-old was appointed in February into the board of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) by President Muhammadu Buhari.Three months down the line, a Twitter user has questioned her qualification for the job and classified her appointment as [...]

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    FACT CHECK: Is Atiku on UAE watch list?

FACT CHECK: Is Atiku on UAE watch list?

A screenshot of a purported story of Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), on the watch list of the United Arab Emirates (UAE) is making waves online.According to the story said to have appeared on Gulf News, one of the biggest English newspapers in Middle East, UAE security operatives are keeping a close tab on the [...]

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    EXCLUSIVE: Ganduje moves to remove Sanusi as emir of Kano

EXCLUSIVE: Ganduje moves to remove Sanusi as emir of Kano

Abdullahi Umar Ganduje, governor of Kano state, has relaunched moves to remove Muhammad Sanusi II as the emir of Kano, TheCable can report.On Monday, the Kano State Public Complaints and Anti-corruption Commission reopened investigation into the expenditure of the state emirate council under Sanusi II.Also at Monday's plenary of the house of assembly, Kabiru Alhassan Rurum, the speaker, read a letter [...]

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    FACT CHECK: Does Nigeria have enough doctors – as claimed by Ngige?

FACT CHECK: Does Nigeria have enough doctors – as claimed by Ngige?

On Wednesday, Chris Ngige, minister of labour, said Nigeria has "more than enough" medical doctors to cater for its needs. Ngige, who was speaking during a Channels Television programme, said there is nothing wrong with some of the doctors seeking green pastures elsewhere.The minister, who himself is a medical doctor, said: "We have more than enough doctors. You can quote [...]

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Exchange Rates

July 12, 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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