Thursday, September 13, 2018
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    Thailand ‘blames Buhari’ for collapse of its rice mills

Thailand ‘blames Buhari’ for collapse of its rice mills

Audu Ogbeh, minister of agriculture, says Thailand has accused President Muhammadu Buhari’s government of being responsible for the collapse of seven of its rice mills.The minister made this known at a meeting of the Presidential Fertilizer Initiative (PFI) and leadership of the Fertiliser Producers and Suppliers of Nigeria (FEPSAN) held at the council chamber of the presidential villa, Abuja, on [...]

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    IMF says Nigerians getting poorer, calls for ‘urgent and coherent’ economic policies

IMF says Nigerians getting poorer, calls for ‘urgent and coherent’ economic policies

The International Monetary Fund (IMF) says Nigerians are getting poorer and that "coherent and comprehensive" economic reforms are urgently needed in the country.The gross domestic product report released by the National Bureau of Statistics (NBS) on Tuesday showed that the economy recorded a growth of 0.83 percent in 2017.The Bretton Wood institution said it expects the government to “muddle through” [...]

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    Rewane says Buhari scored an own goal, equalised ‘and then took credit for a draw’

Rewane says Buhari scored an own goal, equalised ‘and then took credit for a draw’

Bismark Rewane, renowned Nigerian economist, says President Muhammadu Buhari has only repaired the damage he did to the economy.The Buhari administration has often listed Nigeria's exit from its worst recession since 1987 as a key achievement.It also celebrated exchange rate stability -- after allowing the naira to devalue from N197/$1 to N360/$1 following a prolonged argument over the right policy [...]

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    ‘Corruption getting worse in Nigeria’ — Transparency International releases 2017 index

‘Corruption getting worse in Nigeria’ — Transparency International releases 2017 index

Corruption is getting worse in Nigeria, according to the latest corruption perception index (CPI) released by Transparency International (TI) on Wednesday.While the country scored 27/100 and was ranked 136th in 2016, the latest CPI scores Nigeria 28/100 but with a rank of No. 148 out of 180 countries surveyed -- a significant 12 places below where it was the previous [...]

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    Shehu Sani: Monkeys carted away N70m from senators’ farmhouse

Shehu Sani: Monkeys carted away N70m from senators’ farmhouse

Shehu Sani, senator representing Kaduna central, says monkeys carted away N70 million gathered by northern senators.The senator said this on Wednesday after the northern senators forum removed Abdullahi Adamu as its chairman.Adamu was removed because of alleged financial mismanagement.Sani said the northern caucus in the 7th senate handed over N70 million to the 8th senate but that the money could not [...]

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    Soyinka: A psychiatrist should examine me if I join Obasanjo’s coalition

Soyinka: A psychiatrist should examine me if I join Obasanjo’s coalition

Wole Soyinka, Nobel laureate, says he should be examined by a psychiatrist if he joins the Coalition for Nigeria Movement (CNM) masterminded by ex-President Olusegun Obasanjo.Obasanjo recommended the coalition in a letter he wrote to President Muhammadu Buhari in January.The elder statement had asked Nigerians to rally round the movement, saying neither the ruling All Progressives Congress (APC) nor the Peoples [...]

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    Shehu Sani: Blood is becoming cheaper than petrol in Nigeria

Shehu Sani: Blood is becoming cheaper than petrol in Nigeria

Shehu Sani, senator of representing Kaduna central, says blood is becoming cheaper than petrol in Nigeria.Sani said Nigeria has now become a country of "mass murder, mass burial and continuous bereavement".The senator said when a country is no more shocked by tragedy, it has lost its humanity."In Nigeria today, blood is becoming cheaper than water and PMS. The most tragic [...]

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    Jonathan taunts APC: Propaganda may help you win election but you can’t govern with it

Jonathan taunts APC: Propaganda may help you win election but you can’t govern with it

Ex-President Goodluck Jonathan has taken a swipe at the ruling All Progressives Congress (APC), saying even if a party wins through propaganda, it can not govern with it.Speaking when he received leaders of the Peoples Democratic Party (PDP) in Yenagoa, Bayelsa state capital, on Friday, Jonathan said the APC had failed to fulfil its promise to Nigerians.He also charged the PDP [...]

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    UK to accept naira payments from Nigerian businesses

UK to accept naira payments from Nigerian businesses

The British government, through its export credit agency, UK Export Finance (UKEF), says it will now accept naira payments from Nigerian business owners who make procurement in the UK.The UK department of international trade made this known in a statement sent to TheCable.It said the local currency financing structure follows the same format as a conventional buyer credit in sterling or [...]

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    CLOSE-UP: Is IGP Ibrahim Idris a danger to Nigeria’s democracy?

CLOSE-UP: Is IGP Ibrahim Idris a danger to Nigeria’s democracy?

In June 2016, President Muhammadu Buhari appointed Ibrahim Idris as the inspector-general of police.In less than two years since Kpotum, a lawyer and agriculturist, assumed office, freedom of assembly and expression has been threatened on a number of occasions while his handling of sensitive matters of national security appears to indicate an inherent lack of equity and fairness. ARRESTED BLOGGERS FOR 'NEGATIVE REPORT' On [...]

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    Babangida asks Nigerians to vote out Buhari in 2019 (READ FULL TEXT)

Babangida asks Nigerians to vote out Buhari in 2019 (READ FULL TEXT)

Former military president Ibrahim Babangida has asked Nigerians to co-operate with President Muhammadu Buhari until his tenure ends -- but vote for a new generation of leaders in 2019.In a press statement released on Sunday by Kassim Afegbua, his spokesman, Babangida said it was time to sacrifice "personal ambition" for the "national interest".His statement is coming on the heels of [...]

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    Court backs senate’s rejection of Magu as EFCC chairman

Court backs senate’s rejection of Magu as EFCC chairman

A federal high court sitting in Abuja says the senate acted within the law when it rejected the nomination of Ibrahim Magu as the chairman of the Economic and Financial Crimes Commission (EFCC). According to the judge, JT Tsoho, the senate is not a rubber stamp body and was only acting in compliance with the EFCC law when it screened and [...]

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    Paddy Adenuga: How I NEARLY bought Chevron Netherlands (long read)

Paddy Adenuga: How I NEARLY bought Chevron Netherlands (long read)

It was October 2013, two years had passed since I had left the family business in Lagos, Nigeria and moved to London, England to start my own oil trading company. My time in the family business, as a director in the telecoms division and upstream oil & gas company was challenging to say the least but engaging and ultimately rewarding. [...]

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    TRENDING VIDEO: I was paid by politicians to blackmail Suleiman, says Stephanie Otobo

TRENDING VIDEO: I was paid by politicians to blackmail Suleiman, says Stephanie Otobo

Stephanie Otobo, the Canada-based singer who claimed to have had an affair with Apostle Johnson Suleman of Omega Fire Ministries, says she lied.Otobo said she was "heavily paid" by powerful politicians and some pastors to blackmail Suleiman.In a video trending online, Otobo made the disclosure before Suleiman's church congregation in Auchi, Edo state.The singer also asked for forgiveness from the cleric [...]

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    FG orders security agencies to monitor social media posts of ‘prominent Nigerians’

FG orders security agencies to monitor social media posts of ‘prominent Nigerians’

The federal government has directed security agencies to tackle the propagation of hate speech, especially through social mediaThe order was given at a security meeting presided over by President Muhammadu Buhari at the presidential villa in Abuja.Mansur Dan Ali, minister of defence, had described the trend of hate speech on social media as worrisome."Relevant security agencies should as a matter of [...]

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    Obasanjo rejects Buhari’s 2019 bid with ‘letter bomb’ (SEE FULL TEXT)

Obasanjo rejects Buhari’s 2019 bid with ‘letter bomb’ (SEE FULL TEXT)

Former President Olusegun Obasanjo has warned President Muhammadu Buhari against participating in the 2019 presidential election.Although Buhari has not publicly declared interest in the 2019 race, there are clear indications that the president is interested in seeking another term.Stakeholders in the ruling All Progressives Congress (APC) have endorsed him, while his reelection campaign office has been launched in the south-west.But [...]

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Exchange Rates

September 12, 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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