Friday, June 14, 2019

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    Nigeria Vs Zimbabwe: Warriors to storm Lagos for Eagles clash

Nigeria Vs Zimbabwe: Warriors to storm Lagos for Eagles clash

A 26–man delegation of Warriors of Zimbabwe will land in Nigeria on Thursday night aboard a South African Airways flight, ahead of Saturday’s pre-Afcon send forth international friendly with the Super Eagles.According to the NFF, the Zimbabwe delegation will spend Thursday night in Lagos, and fly to Asaba on Friday morning.On Friday evening, the Warriors will hold their official training [...]

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    The taskmaster at the Nigeria Custom Service

The taskmaster at the Nigeria Custom Service

BY SOLOMON UCHEWhen Hameed Ibrahim Ali (Rtd Col.) was named as the Comptroller General of the Nigeria Customs Service in August 2015, the news was accepted with a mix of apprehension and glee. He came to the office with what most people thought was his only asset, integrity, and was thought to be deficient on the technical know-how.Not being a [...]

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    Don’t allow AI undermine the sovereignty of Nigeria, group tells FG

Don’t allow AI undermine the sovereignty of Nigeria, group tells FG

Concerned Diasporas, a group of Nigerian intellectuals in the United States of America (USA) and Canada, has blamed Amnesty International (AI) for the rising cases of violence across the world.The group said it came to this conclusion having "thoroughly reviewed" the activities of the UK-based humanitarian organisation in recent times.In a report jointly signed by Esther Ede and Olajuwon Olagunju, [...]

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    World Bank: Unreliable policies discouraging new investment in Nigeria

World Bank: Unreliable policies discouraging new investment in Nigeria

The World Bank says policy unreliability is discouraging new investment in Nigeria.In its newly released Global Economic Prospects report, the Bretton Wood institution projected that Nigeria's economy will grow by 2.1% in 2019 and 2.2% in 2020.This is 0.9 percentage points lower than 3.01% growth rate assumed in the 2019 budget."In Nigeria, the recovery in oil production has fallen short [...]

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    Switzerland sues Nigeria over vessel detained by navy since 2018

Switzerland sues Nigeria over vessel detained by navy since 2018

The Swiss authorities have filed a suit against Nigeria at the international court over the detention of San Padre Pio, its vessel.Operation forward base of the Nigerian navy in Bonny, Rivers state, had arrested the ship on January 23, 2018.The oil tanker, registered with canton Vaud shipping company ABC Maritime, and its crew members were detained for alleged diesel smuggling, [...]

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    Despite commitment to open government, Nigeria remains highly secretive under Buhari

Despite commitment to open government, Nigeria remains highly secretive under Buhari

BY AJIBOLA AMZATIn May 2016, barely a year after the commencement of his first term in office, President Muhammadu Buhari in London committed  Nigeria to joining Open Government Partnership initiative.Two months after the promise, Nigeria formally became a member  by signing the OGP agreement. But since then, there has been no significant improvement in the transparency and accountability level of public institutions under [...]

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    Swedish lawmakers wash their own clothes — and earn in a year what a Nigerian senator gets in 60 days

Swedish lawmakers wash their own clothes — and earn in a year what a Nigerian senator gets in 60 days

Lawmakers in Sweden have no official cars, enjoy no immunity, use public transport, and wash their own clothes themselves -- in public laundries!This is a world of difference away from what obtains in Nigeria, where lawmakers get special treatment, official vehicles, luxury and heavy running costs -- which are separate from what they get as salaries.The speaker of the house [...]

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    Nigeria’s Muhammad-Bande emerges UNGA president

Nigeria’s Muhammad-Bande emerges UNGA president

Tijjani Muhammad-Bande, Nigeria’s permanent representative to the United Nations, has emerged president of the 74th UN general assembly.Muhammad-Bande, sole candidate for the position, emerged through acclamation at the 87th plenary meeting of the Assembly in New York on Tuesday.He is the second Nigerian to hold the office after Joseph Garba, a retired military officer and diplomat, who led the organ [...]

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    Alleged fraud: AfDB bans Nigerian construction company for three years

Alleged fraud: AfDB bans Nigerian construction company for three years

The African Development Bank (AfDB) says it has barred Qualitrends Global Solutions Nigeria Limited, a Nigerian construction company, for 36 months.The bank made this known in a statement released by its communication and external relations department.It explained that an investigation conducted by the bank’s Office of Integrity and Anti-Corruption established that the construction company allegedly engaged in numerous acts of [...]

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    Shekau denounces Nigerian pledge in new video

Shekau denounces Nigerian pledge in new video

Abubakar Shekau, factional leader of Boko Haram, has been seen in a new video reading the group’s ideology and the Nigerian national pledge, which he denounced as "shirk."Shirk, in Islam, is the sin of idolatry or worshiping of anyone or anything besides the singular God.In a report, Ahmad Salkida, an investigative journalist known to have access to the leadership of [...]

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    Nigeria crash out of Fifa U-20 World Cup

Nigeria crash out of Fifa U-20 World Cup

The Flying Eagles of Nigeria were bundled out of the 2019 Fifa U-20 World Cup in Poland on Monday night by Senegal.The Nigerian team failed to book their place in the quarter-final after losing 2-1 to Amadou Sagna-inspired Senegal following a series of poor defending and finishing at the Stadion Widzewa.Coach Paul Aigbogun was dealt a terrible blow when winger Maxwell [...]

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    Moon sighted in Nigeria as sultan declares Tuesday eid el-fitr (updated)

Moon sighted in Nigeria as sultan declares Tuesday eid el-fitr (updated)

Sa'ad Abubakar, sultan of Sokoto, says the crescent moon of the month of Shawwal has been sighted, making Tuesday eid-el-fitr.The monarch disclosed this in a television broadcast.A member of the Shawwal committee had earlier said the moon was sighted in several states such as Borno, Katsina and Yobe."The Emirs of Gwandu, Borno, Katsina and Damaturu have confirmed to His Eminence [...]

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    CDD organises symposium on Nigeria’s democracy at 20

CDD organises symposium on Nigeria’s democracy at 20

The Centre for Democracy and Development (CDD) has put together a symposium to mark 20 years of democratic rule in Nigeria.The symposium, which will be chaired by Adebayo Olukoshi, director for Africa and West Asia, International Institute for Democracy and Electoral Assistance (International IDEA) will hold at Shehu Musa Yar'Adua Centre, Abuja, on June 11.According to a statement, Mahmud Jega, [...]

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    Nigeria week ahead: US jobs report could affect naira

Nigeria week ahead: US jobs report could affect naira

It will be another busy week for financial markets as investors grapple with trade tensions, Brexit, depressed oil prices and concerns over slowing global growth. The week kicks off with the US ISM Manufacturing PMI for May which is projected to hit 53.0. Appetite for the Dollar is likely to take another hit if the PMI figures fail to meet market [...]

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    Buhari, how does your support for Palestine benefit Nigeria?

Buhari, how does your support for Palestine benefit Nigeria?

There is no morality in global politics. It is eat or be eaten. The nucleus of international relations, beyond the niceties of diplomacy, is interest. Substantially, foreign relations is a trade of interests. Nothing is given for nothing. Every country seeks its own even in the extension of charity to another country. But Nigeria’s approach to foreign relations has always been [...]

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    As $9bn award hangs over Nigeria, investors ‘worried’ over country’s growing debt

As $9bn award hangs over Nigeria, investors ‘worried’ over country’s growing debt

Nigeria's ability to repay its external debts has come under scrutiny amidst further threat following the $9 billion arbitration award against the country by a London tribunal.The country's external debt burden rose from $10.3 billion in June 2015 to $22.1 billion by June 2018.The 115 percent increase means the debts are now approaching pre-2005 levels when the Paris and London [...]

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Exchange Rates

June 10, 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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