Monday, April 22, 2019

Tag "bukola saraki"

    IMF boss, Lagarde, to meet Buhari on low oil prices

IMF boss, Lagarde, to meet Buhari on low oil prices

Christine Lagarde, managing director of the International Monetary Fund (IMF), will meet President Muhammadu Buhari in Abuja on Monday to discuss Nigeria’s economic challenges.Largarde would be visiting Nigeria and Cameroon during January 4–9, 2016, to engage with policy makers and other stakeholders in both countries and from the region and to underline the IMF’s strong relationship with its African member [...]

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    Buhari insists on $38 oil benchmark for 2016

Buhari insists on $38 oil benchmark for 2016

President Muhammadu Buhari presented the 2016 budget to a joint session of the national assembly on Tuesday, maintaining that the oil benchmark would be at $38 per oil barrel, against the OPEC rate of $30.74 per barrel.The N6.08 trillion budget has a deficit of N2.22 trillion, and the exchange rate was pegged at N190.The capital expenditure rose from N557 billion to N1.8 [...]

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    Buhari to present budget to senate on Tuesday

Buhari to present budget to senate on Tuesday

‎President Muhammadu Buhari has written to the senate informing it of his decision to present the 2016 appropriation bill next Tuesday.Senate President Bukola Saraki read the president's letter on the floor of the upper legislat‎ive chamber on Wednesday. ‎ On December 8, the president had sent a letter containing the Medium Term Expenditure Framework (MTEF) to‎ the senate, proposing N500 billion in [...]

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    We don’t have any anti-social media bill before us, says Saraki

We don’t have any anti-social media bill before us, says Saraki

Senate President Bukola Saraki has maintained that there is no bill before the senate that is aimed at gagging or stifling the media.He said areas that the people find objectionable in the frivolous petition would be removed when it is being considered clause-by-clause by the Senate.He was speaking in Abuja on Monday during a sensitisation meeting on the implementation of [...]

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    I won’t support any form of media censorship, says Saraki

I won’t support any form of media censorship, says Saraki

Bukola Saraki, president of the senate, on Friday assured online publishers and other social network operators that the senate would not censor the media.Bamikole Omishore, Saraki’s media aide, said this in a statement made available to journalists in Abuja.Accoriding to Omishore, Saraki gave the assurance when the executive board of the Online Publishers Association of Nigeria (OPAN) led by its [...]

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    Online publishers say senators ‘are idle’

Online publishers say senators ‘are idle’

The Online Publishers Association of Nigeria (OPAN) and the Guild of Corporate Online Publishers (GOCOP) have spoken against the bill for an “Act to Prohibit Frivolous Petitions and other matters connected therewith”.OPAN condemned the motivation, process and purpose of the bill, which passed its second reading at the senate in a record eight days and is now set for a public [...]

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    Senate ‘overrules’ ban on rice import by land

Senate ‘overrules’ ban on rice import by land

The senate has asked President Muhammadu Buhari to direct customs to suspend the lifting of ban on the importation rice through the land borders.In October, Hameed Ali, comptroller-general of customs (CG), announced that the federal government‎ was lifting the ban on rice importation through the land borders to shore up revenue and to forestall smuggling of the commodity into the [...]

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    Fuel scarcity: Senate jacks up subsidy budget

Fuel scarcity: Senate jacks up subsidy budget

The senate has approved the supplementary budget of President Muhammadu Buhari, increasing it from N465 billion to N574 billion to cover fuel subsidy claims.While presenting the supplementary appropriation bill on Tuesday, Danjuma Goje, chairman of the senate committee on appropriations, explained that the initial amount budgeted for the settlement of subsidy claims only covered the period from January to September.Goje said it [...]

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    FG’s N465bn budget scales senate 2nd reading

FG’s N465bn budget scales senate 2nd reading

The N465 billion supplementary budget of President Muhammadu Buhari passed second reading at the senate without a debate.Ali Ndume, senate leader, had presented the bill at plenary on Tuesday, after which Senate President Bukola Saraki asked for a voice vote to which a majority of the senators voted in favour of the passage of the bill to third reading.Saraki thereafter [...]

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    PDP senator wants Buhari to be summoned over subsidy and persistent fuel scarcity

PDP senator wants Buhari to be summoned over subsidy and persistent fuel scarcity

Eyinnaya Abaribe, a Peoples Democratic Party (PDP) senator from Abia state, on Tuesday urged the senate to summon President Muhammadu Buhari over the scarcity of fuel across the country.Abaribe said since Buhari is the "senior minister of petroleum", he should be asked to explain the cause of the scarcity.He said the federal government under his party was criticised for spending [...]

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    CCT suspends Saraki’s trial in compliance with S’Court order

CCT suspends Saraki’s trial in compliance with S’Court order

The trial of Senate President Bukola Saraki at the Code of Conduct Tribunal (CCT) has been put on hold in line with the order of the Supreme Court.On November 12, a five-man panel of the apex court led by John Fabiyi, ordered Danladi Umar, chairman of the tribunal, to halt the pending the determination of an appeal filed by Saraki.However, [...]

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    We won’t do Saraki’s bidding in probe of CCT chairman, says ethics committee

We won’t do Saraki’s bidding in probe of CCT chairman, says ethics committee

The senate committee on ethics, privileges and public petition says it would not do the bidding of Senate President Bukola Saraki on the petition against Danladi Umar, chairman of the Code of Conduct Tribunal (CCT).Sam Anyanwu (PDP-Imo East), chairman of the committee, said this during an interview with NAN in Abuja on Saturday.Anyanwu said the committee owed Nigerians and nobody else, [...]

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    Court fixes Dec 2 for AGF’s counter motion on Saraki

Court fixes Dec 2 for AGF’s counter motion on Saraki

A federal high court in Abuja will hear the attorney general of the federation counter motion on the trial of Senate President Bukola Saraki at the Code of Conduct tribunal on December 2.Saraki is challenging the legality of the Code of Conduct Tribunal (CCT) to try him.Joined in the suit are Independent Corrupt Practices and other related offences Commission  (ICPC), [...]

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    Saraki’s CCT trial: Supreme Court can never be wrong, says ex-NBA president

Saraki’s CCT trial: Supreme Court can never be wrong, says ex-NBA president

Joseph Daudu, former president of the Nigerian Bar Association (NBA), has lamented the criticisms that trailed the Supreme Court’s suspension of the trial of Senate President Bukola Saraki at the Code of Conduct Tribunal (CCT).In its ruling last week, a five-man panel led by John Fabiyi‎ ruled that the CCT should wait pending the determination of an appeal that Saraki [...]

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    ‘Nigeria losing N4trn to illegal mining’

‘Nigeria losing N4trn to illegal mining’

The Senate on Thursday said the country was losing about N4 trillion to illegal mining activities on a yearly basis and ordered investigation into the development.Mandating its committee on solid minerals to carry out investigation into the issue, the senate said the development was worrisome, especially with current low performance of the oil sector.The senate also directed the inspector-general of [...]

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    Saraki asks ethics committee to investigate CCT chairman Umar over ‘N10m bribe’

Saraki asks ethics committee to investigate CCT chairman Umar over ‘N10m bribe’

Senate President Bukola Saraki has asked the senate committee on ethics, privileges and public petitions to look into a petition against Danladi Umar, chairman of the Code of Conduct Tribunal (CCT).Obinna Ogba, a PDP senator from Ebonyi state, had submitted the petition bordering on alleged corruption and abuse of office, at plenary on Thursday.Umar is being accused of illegally demanding [...]

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Exchange Rates

April 22, 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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