Sunday, August 18, 2019
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    That $9bn award against Nigeria

That $9bn award against Nigeria

You are forgiven if you think an English high court just awarded a $9 billion fine against Nigeria in a case of breach of contract with Process and Industrial Developments Limited (P&ID), a little-known Irish engineering and project management company. Actually, the award was made as far back as July 2015 by an arbitration panel sitting in London. What happened [...]

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    Nwodo: Ekweremadu doesn’t deserve this disgrace from IPOB miscreants

Nwodo: Ekweremadu doesn’t deserve this disgrace from IPOB miscreants

John Nwodo, president-general of Ohanaeze Ndigbo, has criticised the Indigenous People of Biafra (IPOB) over the attack on Ike Ekweremadu, former deputy senate president, in Germany on Saturday.The lawmaker was attacked at the second annual Igbo Cultural Festival held in Nuremberg, Germany.He was supposed to deliver a keynote address at the event but his attackers did not allow that happen.In [...]

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    VIDEO: IPOB supporters attack Ekweremadu in Germany

VIDEO: IPOB supporters attack Ekweremadu in Germany

Some members of the Indigenous Peoples of Biafra (IPOB), on Saturday, attacked Ike Ekweremadu, former deputy senate president, in Nuremberg, Germany.Uche Anichukwu, the senator's media aide, released a statement on behalf of his principal saying the attack occurred during the annual cultural festival of the Ndigbo, apex social-cultural group in the south-east.Following the incident, Ekweremadu assured Ndigbo and his supporters [...]

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    Invictus Obi, Nigerian entrepreneur, fades off social media amid ‘$11m FBI fraud probe’

Invictus Obi, Nigerian entrepreneur, fades off social media amid ‘$11m FBI fraud probe’

Obinwanne Okeke, Invictus Group CEO who is popularly known as Invictus Obi, has erased all traces of his social media existence.Save for his personal blog, (http://www.obinwanne.com) and bios on his company's platforms, Okeke's social media pages have been deleted since he found himself in troubled waters.But how did it all start?On Friday, many Nigerians took to social media to express [...]

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    ‘We’ll continue to look up to you for guidance’ — Buhari hails IBB on 78th birthday

‘We’ll continue to look up to you for guidance’ — Buhari hails IBB on 78th birthday

President Muhammadu Buhari has congratulated Ibrahim Babangida, former head of state, on his 78th birthday, saying the country will always look up to him for guidance.In a statement issued by Garba Shehu, presidential spokesman, on Saturday, the president also thanked the former head of state for playing the role of a statesman to the country.“On behalf of the federal executive [...]

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    Reno Omokri: Yar’Adua’s cabal, NOT Jonathan, signed P&ID deal

Reno Omokri: Yar’Adua’s cabal, NOT Jonathan, signed P&ID deal

Reno Omokri, an ex-aide to former president Goodluck Jonathan, says the Process and Industrial Development Limited (P&ID) gas processing deal was signed before his principal assumed office.In a statement released on Saturday, Omokri alleged that a cabal loyal to now-deceased former president Umar Musa Yar'adua signed the deal in January 2010 while Jonathan became acting president in February of the same year.A [...]

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    Buhari to military: Eliminate bandits wherever you find them

Buhari to military: Eliminate bandits wherever you find them

President Muhammadu Buhari has directed the military to hunt bandits and eliminate them wherever they find them.A statement from Garba Shehu, presidential spokesman, quoted Buhari as giving the directive while addressing officers of the 17th Army Brigade and Nigerian Air Force 213 operational base in Katsina on Saturday.There have been reports of deaths in recent months mostly as a result [...]

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    ‘Four killed’ as gunmen attack mourners in Benue

‘Four killed’ as gunmen attack mourners in Benue

The Benue police command has confirmed the killing of four persons in the early hours of Saturday at a burial in Tongov district of Katsina-Ala local government area.Mukaddas Garba, the commissioner of police in the state, informed NAN of the development in Makurdi.The commissioner said the incident occurred during the burial of one late Tor Amaafu.Garba said the police has [...]

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    UK police, DSS petitioned over Buhari’s Cambridge assessment documents

UK police, DSS petitioned over Buhari’s Cambridge assessment documents

The Department of State Services (DSS) and the London Metropolitan Police Service have received petitions to investigate the documents said to have been obtained from Cambridge University and tendered for President Muhammadu Buhari at the presidential election tribunal.TheCable obtained copies of the separate petitions both dated August 14, 2019, and which were forwarded by Kalu Kalu Agu, a Nigerian lawyer.Abba [...]

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    INEC: Official who joined Bayelsa guber race remains REC until he resigns properly

INEC: Official who joined Bayelsa guber race remains REC until he resigns properly

The Independent National Electoral Commission (INEC) says Frankland Briyai, resident electoral commissioner (REC) in Cross River state, remains in office until he resigns formally or is sacked by the president.Festus Okoye (pictured), chairman of INEC’s information and voter education committee, made this known this on Thursday during the national strategy meeting on capturing disaggregated data of persons with disabilities (PWDs).Briyai [...]

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Exchange Rates

August 17, 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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