Saturday, November 17, 2018
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    MTN to acquire banking licence in Nigeria, says CEO

MTN to acquire banking licence in Nigeria, says CEO

Rob Shuter, the chief executive officer at MTN Group, says the group will acquire an independent banking licence in Nigeria by 2019.Speaking at a telecoms conference in Cape Town, South Africa on Tuesday, the MTN CEO said it will put in an application in December and should lunch the bank in second quarter 2019.“We will be applying for a payment service [...]

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    FG awards N206bn contract for 2nd Niger Bridge

FG awards N206bn contract for 2nd Niger Bridge

The federal government has awarded Julius Berger Construction Company a N206 billion contract for the main work on the 2nd Niger Bridge.Babatunde Fashola, minister of power, works and housing, made the disclosure during a press briefing in Abuja on Monday.According to him, the project expected to be completed in 36 months, would be funded under the presidential infrastructure development fund (PIDF).He [...]

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    El-Rufai: I consulted Buhari before picking running mate

El-Rufai: I consulted Buhari before picking running mate

Nasir el-Rufai, governor of Kaduna state, has defended his choice of a Muslim as running mate for the 2019 elections.His decision to pick Hadiza Balarabe, a Muslim from Sanga local government area in the southern part of the state, had sparked mixed reactions, with some people accusing him of being insensitive to the diversity in the state.But speaking on Tuesday [...]

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    Obasanjo, Buhari to meet at launch of Jonathan’s autobiography

Obasanjo, Buhari to meet at launch of Jonathan’s autobiography

President Muhammadu Buhari and ex-President Olusegun Obasanjo are among the dignitaries expected at the launch of "My Transition Hours", the autobiography of former President Goodluck Jonathan.The event is billed to hold at the Transcorp Hilton, Abuja, on November 20.While Buhari is the special guest of honour, Obasanjo is the occasion’s chairman.The presidents of Guinea, Togo, Kenya, Zimbabwe, Senegal, Gambia, Niger, Mali [...]

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    Kano assembly ‘bows to pressure’, suspends probe of Ganduje

Kano assembly ‘bows to pressure’, suspends probe of Ganduje

The Kano state house of assembly has stopped investigating allegations that Abdullahi Ganduje, governor of the state, collected bribe from contractors.This is in line with a court order. A group known as Lawyers For Sustainable Democracy in Nigeria, had asked the court to compel the assembly to halt the probe.Ruling on an ex parte application filed by one Muhammad Zubair, national coordinator [...]

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    APC says PDP is in ‘serious difficulties’ to raise funds for Atiku’s campaign

APC says PDP is in ‘serious difficulties’ to raise funds for Atiku’s campaign

The All Progressives Congress (APC) says the Peoples Democratic Party (PDP) is having difficulties in raising funds for the campaign of Atiku Abubakar, its presidential candidate.In a statement on Tuesday, Yekini Nabena, deputy national publicity secretary of the APC, said due to the stringent measures put in place by the current administration, the PDP is in a dilemma on how [...]

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    Nigeria ‘records’ 1.37 million unwanted pregnancies in 2018

Nigeria ‘records’ 1.37 million unwanted pregnancies in 2018

Nigeria has recorded over 1.3 million unwanted pregnancies in 2018 alone, the 2018 global family planning report has revealed.The most populous nation on the African continent also averted 735,000 unsafe abortion in the year under review.The averted abortions are seen as "the number of unsafe abortions that did not occur during a specified reference period as a result of the protection [...]

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    Buhari breaks silence on Ganduje ‘bribery’ videos

Buhari breaks silence on Ganduje ‘bribery’ videos

President Muhammadu Buhari has finally reacted to the bribery allegations against Abdullahi Ganduje, governor of Kano state.In videos widely circulated on social media, the governor was seen allegedly receiving kickbacks from contractors.The videos have generated reactions, especially from the opposition Peoples Democratic Party (PDP) and critics of the current administration.The governor has denied any wrongdoing, accusing his opponents of blackmailing [...]

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    You can’t have everything you want, Fayemi tells ASUU

You can’t have everything you want, Fayemi tells ASUU

Kayode Fayemi, governor of Ekiti state, says the Academic Staff Union of Universities (ASUU) has no reason to have embarked on strike.The union commenced an indefinite strike on November 5.It said its decision was informed by poor funding of universities in the country, failure on the part of the government to honour the memorandum of understanding (MoU) signed between the [...]

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    Buhari lists conditions for restructuring

Buhari lists conditions for restructuring

President Muhammadu Buhari has given conditions under which he could consider restructuring.The president gave the conditions during an interactive session with Nigerians based in France.Buhari met with them after the Peace Forum attended by over 50 world leaders.The president said there should be proper definition of what Nigerians want before the government can delve into restructuring.“There are too many people [...]

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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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