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    FG mulls new tax on Coke, Bigi, other soft drinks

FG mulls new tax on Coke, Bigi, other soft drinks

Zainab Ahmed, the minister of finance, says the federal government is considering introducing excise duty on carbonated drinks.The minister made this known while addressing the media, including TheCable, on the sidelines of the ongoing annual meetings of the International Monetary Fund and World Bank Group.Excise duty is a levy placed on the manufacture of locally produced goods.Information on the Nigeria [...]

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    Buhari slashes estacode on trips for ministers

Buhari slashes estacode on trips for ministers

President Muhammadu Buhari has approved a directive for ministers, director-generals and other top government officials to submit travel plans for clearance. Willie Bassey, director of information to Boss Mustapha, secretary to the government of the federation (SGF), announced this in a statement on Wednesday.Bassey also said that henceforth, "travel days will no longer attract payment of Estacode Allowances as duration of official trips [...]

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    Aisha Buhari attacked us inside Aso Rock, says Mamman Daura’s daughter

Aisha Buhari attacked us inside Aso Rock, says Mamman Daura’s daughter

Fatima, daughter of Mamman Daura, President Muhammadu Buhari's nephew, has accused the wife of the president of attacking her inside the presidential villa in Abuja.Commenting on a video where the first lady was seen complaining about being denied access to her apartment, Fatima said she least expected Buhari's wife to act in a violent manner.In the video which trended on [...]

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    NNPC announces discovery of oil in north-east

NNPC announces discovery of oil in north-east

The Nigerian National Petroleum Corporation (NNPC) has announced the discovery of oil in the north-eastern part of the country.Samson Makoji, acting group general manager, group public affairs division of the corporation, announced this in a statement on Friday.He said the discovery of oil and gas in commercial quantity in the Gongola Basin will "attract foreign investment, generate employment for people [...]

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    Nigerian-born professor resigns after spending $243k research grant on strip clubs, iTunes in US

Nigerian-born professor resigns after spending $243k research grant on strip clubs, iTunes in US

Chikaodinaka Nwankpa, a professor of Nigerian origin, has resigned after it was discovered that he spent $242,390 research funds in strip clubs and iTunes purchases.According to a statement released by the eastern district of Pennsylvania attorney’s office, Nwankpa repaid $53,328 and resigned in place of termination after he was discovered.The professor was also said to have paid for goods and [...]

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    Fayemi: We can do away with senate

Fayemi: We can do away with senate

Kayode Fayemi, the governor of Ekiti state, says Nigeria can scrap the senate as all the country really needs is a unicameral legislature.Speaking at the just concluded 25th edition of the Nigerian Economic Summit Group conference, the governor said Nigeria has to look into the size of government."We do need to look at the size of government in Nigeria and [...]

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    EXTRA: Borno secretly recruits 1,000 ‘ninja hunters’ ‎with ‘powers to disappear’

EXTRA: Borno secretly recruits 1,000 ‘ninja hunters’ ‎with ‘powers to disappear’

The spiritual warfare against Boko Haram has officially commenced in Borno state.Babagana Zulum, the governor, has secretly recruited 1,000 traditional hunters from different parts of the north-east and north-west.They are believed to possess supernatural powers to resist gun shots and also disappear and appear -- like Japanese ninjas.Zulum, a professor of engineering, has become apprehensive over the resurgence of Boko Haram in [...]

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    David Cameron: We located Chibok girls but Jonathan didn’t allow us rescue them

David Cameron: We located Chibok girls but Jonathan didn’t allow us rescue them

David Cameron, former British prime minister, has alleged that ex-President Goodluck Jonathan did not give enough support to Britain during the abduction of 274 schoolgirls in Chibok, Borno state.The abduction, which took place on April 14 2014, had sparked a global outrage following which the international community offered to assist Nigeria.Jonathan, meanwhile, has denied Cameron's allegation, describing it as a [...]

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    Four years too short for any leader to make impact, says Jonathan

Four years too short for any leader to make impact, says Jonathan

Former President Goodluck Jonathan says the four-year tenure is too short for any president to make meaningful impact on the country.Jonathan said this at the constitutional term limits summit taking place in Niamey, Niger Republic, on Wednesday. The event was covered by TheCable.He said elections are expensive and that they constitute a distraction to performance."When Professor Wade (Senegal) was in [...]

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    Soludo: A friend asked me to reject Buhari’s appointment ‘because there’s no money in it’

Soludo: A friend asked me to reject Buhari’s appointment ‘because there’s no money in it’

Chukwuma Soludo, former governor of Central Bank of Nigeria (CBN), says one of his friends asked him to reject the appointment into the economic advisory council.President Muhammadu Buhari unveiled an 8-man economic council on September 16.Some economic experts had commended the president for the decision, saying it is capable of yielding fruits.But speaking at The Platform, an annual conference organised [...]

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    Sowore: DSS denied me phone access but granted same to Boko Haram commanders

Sowore: DSS denied me phone access but granted same to Boko Haram commanders

Omoyele Sowore, convener of #RevolutionNow Movement, says while arrested Boko Haram commanders in custody of the Department of State Services (DSS) are allowed to make calls, he has been denied access to telephone. According to SaharaReporters, Sowore said this on Monday at the federal high court in Abuja where he is currently being arraigned for "conspiracy to commit treason and insulting President Muhammadu [...]

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    Nigeria listed among top 20 reformers in Ease of Doing Business

Nigeria listed among top 20 reformers in Ease of Doing Business

The World Bank has listed Nigeria as one of the top 20 countries that improved and carried out reforms in the Ease of Doing Business.The Bretton Wood institution made this known in a report released on Friday."Economies are selected based on the number of reforms and on how much their ease of doing business score improved," the World Bank said."Nigeria [...]

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    I will waive my immunity to be investigated, says Osinbajo

I will waive my immunity to be investigated, says Osinbajo

Vice-President Yemi Osinbajo says he will waive his constitutional immunity to be investigated.Osinbajo made this known on Wednesday in a tweet."In the past few days, a spate of reckless and malicious falsehoods have been peddled in the media against me by a group of malicious individuals," he tweeted."The defamatory and misleading assertions invented by this clique have been making the [...]

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    El-Rufai enrols son in public primary school in Kaduna

El-Rufai enrols son in public primary school in Kaduna

Abubakar Al-Siddique, six-year-old son of Nasir el-Rufai, governor of Kaduna state, has been enrolled as a pupil of Kaduna Capital school.Abubakar was enrolled as a primary one pupil of the public school.This was made known via the state governor's Twitter handle on Monday.According to a series of tweets, the governor had in 2017 promised to ensure that Abubakar attended a [...]

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    FG charges Sowore to court for ‘insulting Buhari’

FG charges Sowore to court for ‘insulting Buhari’

The federal government has charged Omoyele Sowore to court for "conspiracy to commit treason" and "insulting" President Muhammadu Buhari. In the suit dated September 19 and filed at the federal high court in Abuja, the government accused Sowore of granting an interview which purpose caused insult on the person of the president of the country.Olawale Bakare is also listed with Sowore [...]

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    Nigeria approaches World Bank for $2.5bn loan

Nigeria approaches World Bank for $2.5bn loan

Hafez Ghanem, World Bank's vice-president for Africa, says the lender is in talks with the Nigerian government for a $2.5 billion concessionary loan.Ghanem made this known in an interview on Wednesday in Abuja.The Bretton Wood institution official said Nigeria received $2.4 billion from the bank in 2018."We’re talking about a new set of programmes of about the same amount, it [...]

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Exchange Rates

December 05, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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