Tuesday, February 28, 2017
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    After receiving ‘distress call’, FG evacuates 41 girls from Mali

After receiving ‘distress call’, FG evacuates 41 girls from Mali

41 Nigerian human trafficking victims were on Monday evacuated from Bamako, Mail, by the federal government.The girls arrived Murtala Muhammed International Airport in Lagos aboard a Nigeria air force plane.Abike Dabiri-Erewa, senior special assistant to the president on diaspora matters, and officials of the National Agency for Protection and Trafficking in Persons (NAPTIP) welcomed the victims back to the country.Dabiri-Erewa [...]

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    Naira strengthens to N450/$1 as CBN pumps in more dollars

Naira strengthens to N450/$1 as CBN pumps in more dollars

The naira on Monday continued to strengthen against the dollar and other major currencies, gaining N10 to exchange at N450 to a dollar at the parallel market.The pound sterling and the euro exchanged at N560 and N470.At the bureau de change (BDC) window, the naira sold at N399 to a dollar, CBN controlled rate, while the pound sterling and the euro [...]

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    Obasanjo: Nigerian leaders must be ready to bite the bullet

Obasanjo: Nigerian leaders must be ready to bite the bullet

Former President Olusegun Obasanjo says Nigerian leaders must be tough and "ready to bite the bullet".Speaking at a seminar in Kaduna state on Monday, Obasanjo said we have not made progress as a nation because some of those in power "lack focus, commitment, and sometimes proper knowledge about economic and development issues".The elder statesman said the problem of poor leadership [...]

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    Lai: If Buhari is critically ill, I will give daily bulletin on his health

Lai: If Buhari is critically ill, I will give daily bulletin on his health

Lai Mohammed, minister of information and culture, says President Muhammadu Buhari is neither critically ill nor in a life threatening situation.Speaking at a  town hall meeting in Umuahia, Abia state capital, on Monday, Mohammed said there was no need for Nigerians to worry about the president's health.He said he spoke with Buhari on Saturday afternoon, and he can declare that [...]

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    Osinbajo only implementing Buhari’s ideas, says Ojudu

Osinbajo only implementing Buhari’s ideas, says Ojudu

Babafemi Ojudu, special adviser to President Muhammadu Buhari on political matters, says all the achievements recorded under Acting President Yemi Osinbajo are as a result of the foundations laid by the president.Buhari is currently on medical vacation in London. He transferred power to his deputy before leaving on January 19.However, Osinbajo has been carrying on well in the president's absence. [...]

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    Kachikwu: I nominated Barkindo for OPEC job because he has the ‘madness’ to work there

Kachikwu: I nominated Barkindo for OPEC job because he has the ‘madness’ to work there

‎Ibe Kachikwu, minister of petroleum resources, on Monday said he nominated Mohammad Barkindo as secretary-general of the Organisation of Petroleum Exporting Countries (OPEC) because he has the "intellectual insanity" to work there.Kachikwu said this at the headquarters of the Nigeria National Petroleum Corporation (NNPC) in Abuja, on Monday, during a meeting to welcome Barkindo.He said when the campaign for the [...]

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    You can now pay for Facebook ads in naira

You can now pay for Facebook ads in naira

Chris Cox, chief product officer of Facebook, says the social networking company is now accepting payment for advertisement in naira.According to NAN, Cox disclosed this at an interactive session with journalists in Lagos, on Monday.He said the decision was one of the requests made of Mark Zuckerberg, Facebook’s founder, when he visited Nigeria in 2016."In response, Facebook has started accepting [...]

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    CBN pumps fresh $80m to FX market for school fees, PTA

CBN pumps fresh $80m to FX market for school fees, PTA

The Central Bank of Nigeria (CBN) has pumped fresh $180 million into the foreign exchange market, in its bid to solve the problem of forex scarcity, bedevilling Nigeria's business environment.The apex bank injected $80 million for personal travel allowance (PTA), school fees, and medical trips abroad, while another $100 million was sent into the system via banks for wholesale forwards market.In [...]

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    Court sacks Akwa Ibom senator, orders refund of all allowances

Court sacks Akwa Ibom senator, orders refund of all allowances

A federal high court in Uyo, Akwa Ibom state, has ordered the removal of Bassey Akpan, lawmaker representing Akwa Ibom north-east senatorial district.Akpan was ordered to refund all salaries and allowances earned during his stay in the senate.The court also declared that Bassey Etim, a former member of the house of representatives, should replace Akpan.Etim lost the Peoples Democratic Party [...]

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    Over 25 INEC officials in hospital after Rivers rerun attack

Over 25 INEC officials in hospital after Rivers rerun attack

The Independent National Electoral Commission (INEC) on Monday said more than 25 of its staff members were receiving medical attention as a result of attacks suffered during Saturday’s supplementary election in Etche local government area of Rivers state.In an interview with NAN in Port Harcourt, the state capital, Aniedi Ikoiwak, resident electoral commissioner (REC) blamed the attacks on the people [...]

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Exchange Rates

Feb 27, 2017USDGBPEUR
INTERBANK315.23391.64333.67
LAGOS440520500
KANO440520510
PH460550520
ABUJA450565525
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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