Friday, August 17, 2018
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    Malami, IGP say Saraki not exonerated from ‘link’ to Offa robbery

Malami, IGP say Saraki not exonerated from ‘link’ to Offa robbery

Abubakar Malami, attorney-general of the federation, says Senate President Bukola Saraki was never cleared of his alleged complicity in the robbery in Offa, Kwara state.Malami, alongside Ibrahim Idris, inspector-general of police, countered insinuations that the director of public prosecution (DPP) exonerated Saraki of any role in the robbery incident, as contained in its interim report regarding it.According to The Nation, [...]

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    FG to UN: Provide evidence we paid ‘huge ransom’ for Dapchi schoolgirls

FG to UN: Provide evidence we paid ‘huge ransom’ for Dapchi schoolgirls

Lai Mohammed, minister of information and culture, has insisted that the federal government did not pay ransom for the release of schoolgirls from Dapchi, Yobe state.A faction of Boko Haram had abducted over 100 girls from Dapchi in February but they were released in March.At the time of their release, Mohammed told journalists that there was a prisoner swap but [...]

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    Probe of security vote: Governors hire lawyers to challenge EFCC

Probe of security vote: Governors hire lawyers to challenge EFCC

Governors under the auspices of the Nigerian Governors Forum (NGF) say they have hired lawyers to challenge the power of the Economic and Financial Crimes Commission (EFCC) to probe security vote of states.Abubakar Badaru, governor of Jigawa state, disclosed this at the end of the monthly national economic council (NEC) meeting presided over by Acting President Yemi Osinbajo at the [...]

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    ‘This is a government of liars’ — Atiku hits Buhari again

‘This is a government of liars’ — Atiku hits Buhari again

Former Vice-President Atiku Abubakar has described the current administration led by President Muhammadu Buhari as a government of liars.The former vice-president said this on Thursday while addressing Peoples Democratic Party (PDP) members in Enugu state.The presidential aspirant said the All Progressives Congress (APC) promised three million jobs annually but the country has been recording job losses, leading to the "worst [...]

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    NEC: States didn’t remit N41bn VAT to FIRS

NEC: States didn’t remit N41bn VAT to FIRS

The national economic council (NEC) says states are owing the Federal Inland Revenue Service (FIRS) N41 billion in value-added tax (VAT).Badaru Abubakar, governor of Jigawa state, made this known on Thursday while briefing journalists after the NEC meeting, which was presided over by Acting President Yemi Osibajo.He said that the council was hopeful that the indebted states would pay up, [...]

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    NEC sets up panel to decentralise police operations

NEC sets up panel to decentralise police operations

The national economic council (NEC) has set up a committee to decentralise the operations of the Nigeria Police Force.Babagana Monguno, national security adviser (NSA), disclosed this at the end of the NEC meeting chaired by Acting President Yemi Osinbajo at the presidential villa in Abuja on Thursday.Monguno said Ibrahim idris, inspector-general of police, will head the committee with representatives from [...]

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    HURRAY! CBN directs banks to give loans to agricultural, manufacturing companies at 9%

HURRAY! CBN directs banks to give loans to agricultural, manufacturing companies at 9%

The Central Bank of Nigeria (CBN) says it will support banks to enable them to give loans to players in the agricultural and manufacturing sector at a single digit interest rate.Addressing journalists on Thursday after the CBN Bankers' Committee meeting, Ahmed Abdullahi, CBN director, banking supervision, said the loans will only be available for job creation and expansion plans."The idea [...]

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    Despite public outcry, police insist on trying Samuel Ogundipe

Despite public outcry, police insist on trying Samuel Ogundipe

The police say Samuel Ogundipe, a Premium Times reporter, was arrested for theft and unlawful possession of restricted and classified documents which could jeopardise state security.In a statement on Thursday, Jimoh Moshood,  spokesman of the force, said the reporter is also being investigated for "violating official secret act, cyber crime act and the penal code law".Ogundipe was arrested on August 14 [...]

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    Governors on minimum wage: We weren’t elected just to pay salaries

Governors on minimum wage: We weren’t elected just to pay salaries

Governors under the auspices of the Nigerian Governors Forum (NGF) say they were not voted into power to pay salaries alone but also to provide good roads, electricity, education and other necessary amenities.They said this in response to the contentious issue of minimum wage implementation.The governors called for the examination of the national income in the last 14 years to [...]

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    Aretha Franklin, queen of soul music, dies aged 76

Aretha Franklin, queen of soul music, dies aged 76

Aretha Franklin, widely regarded as the queen of soul music, has died at the age of 76.The iconic singer and trailblazer on Thursday died from advanced pancreatic cancer at her home in Detroit, Michigan, US [...]

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Exchange Rates

August 17, 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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