Sunday, November 18, 2018

Tag "India"

    Okonjo-Iweala: You can’t achieve growth if you have forex distortions

Okonjo-Iweala: You can’t achieve growth if you have forex distortions

Ngozi Okonjo-Iweala, former minister of finance, says growth and development cannot be achieved when a country has distortions in its foreign exchange rates.Speaking at the launch of 'Beating the Odds: Jumpstarting Developing Countries', a book written by Justin Yifu Lin and Celestin Monga in Ahmedabad, India, Okonjo-Iweala said there is no one way to growth and development, but some basic [...]

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    Nigerian ‘tourist’ caught with $1.4m worth of cocaine in India

Nigerian ‘tourist’ caught with $1.4m worth of cocaine in India

Wilfried Amobi, a 47-year-old Nigerian, has been arrested in India for allegedly possessing cocaine worth $1.4m at a suburban railway station in Mumbai.The Hindustan Times (HT), an Indian newspaper, said a team from the Narcotics Control Bureau (NCB) caught him after a tip-off by a ticket checker.According to Sanjay Jha, NCB zonal director, Mumbai and Goa region, Amobi was caught [...]

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    Obasanjo: Some Indians believe they can bribe their way in Nigeria

Obasanjo: Some Indians believe they can bribe their way in Nigeria

Former President Olusegun Obasanjo says despite the high number of Indians doing legitimate business in Nigeria, there are "ugly faces" who are trying to corrupt the system.Speaking at the weekend during an interactive session with the Indian Professionals’ Forum (IPF) in Nigeria, Obasanjo lamented that some Indian companies cut corners and engage in sharp practices to get ahead in Nigeria's business [...]

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    Kenyan woman attacked in India after being ‘mistaken for a Nigerian’

Kenyan woman attacked in India after being ‘mistaken for a Nigerian’

A 24-year-old Kenyan woman was on Wednesday beaten by a racist mob in India after she was mistaken for a Nigerian.According to the News Agency of Nigeria (NAN), the woman was pulled out of a taxi and assaulted by the mob.Maria Burendi, the victim, said she left her home in Alistonia Society at 6.15am to collect an African wig and some food [...]

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    FG summons Indian high commissioner over attack on Nigerians

FG summons Indian high commissioner over attack on Nigerians

The federal government has asked the Indian government to ensure the immediate arrest and prosecution of those responsible for attacks on Nigerian students in India.Olushola Enikanolaiye, permanent secretary, ministry of foreign affairs, made the call in Abuja at a meeting with Nagabushana Reddy, Indian high commissioner to Nigeria, on Wednesday.Four Nigerian students were attacked by a mob during a candle-light [...]

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    Black students in India are living in fear, says Amnesty International

Black students in India are living in fear, says Amnesty International

Amnesty International has called on Uttar Pradesh authorities to bring to justice those responsible for the attacks against African students, saying the blacks in India are living in fear.This was contained in a statement issued by the group on Wednesday.On Monday, at least four Nigerians sustained injuries in the attacks, which began following the death of a 15-year-old who was [...]

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    India arrests five over attack on Nigerians

India arrests five over attack on Nigerians

The police in India have arrested five people over the attacks on Nigerian students in Greater Noida, a town in the northern part of the country.At least four Nigerians sustained injuries in the attacks, which began following the death of a 15-year-old who was alleged to have consumed drugs given to him by Nigerians.TheCable had reported how a black student [...]

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    TRENDING: Indian mob beats ‘Nigerian’ to stupor

TRENDING: Indian mob beats ‘Nigerian’ to stupor

Narendra Mishra, a journalist with Times of India, has released a video of an assault on a student identified as a Nigerian.Mishra, who was at the scene of the attack, captured the incident.He later tweeted: “Sorry world, we are not like this. Shocking incident in Greater Noida. Three attacks on Nigerians in one day. Where are we heading?”In the [...]

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    Inconsolable baby monkey mourns dead mother

Inconsolable baby monkey mourns dead mother

This heartbreaking video shows a baby monkey weeping over its dead mother's body after the mother was killed in a road traffic accident.The incident took place in southern India.According to Times of India, the monkey was knocked down by a vehicle in transit as the mother attempted crossing the road near Elanthur, Kerala.A witness said "losing a loved one will [...]

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    Nigerian ‘drug peddler’ wrestles 11 Indian policemen

Nigerian ‘drug peddler’ wrestles 11 Indian policemen

Nwafor Chima, a Nigerian, who was allegedly found in possession of 263gm of methaqualone powder also called ‘MD rock’, in the Indian state of Maharashtra, fought some police officers in a bid to resist arrest.According to a report by The Times of India, the stocky Nigerian pushed away three cops while attempting to flee, and eight more policemen were called [...]

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    India arrests man who ingested cocaine ‘at Lagos guesthouse’

India arrests man who ingested cocaine ‘at Lagos guesthouse’

India’s Narcotics Control Bureau (NCB) has recovered 1.3 kilograms of fine quality Colombian cocaine stashed in 90 capsules from the stomach of a Nigerian, who had come to Delhi from Lome, Togo.According to The Times of India, the accused was taken to hospital where an X-ray confirmed the presence of foreign bodies in his stomach.He was kept in the hospital [...]

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    Pakistan shoots down Indian aircraft over deaths of 2 minors

Pakistan shoots down Indian aircraft over deaths of 2 minors

Pakistani military  brought down an Indian spy aircraft on Saturday, following cross border firing, which led to the deaths of two girls aged four years and seven years.A statement from the Inter-Services Public Relations said the “Indian Quad Copter was shot down by Pakistan troops at the Aagahi Post in Rak Chakri sector”.It is said the aircraft had intruded 60 [...]

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    Kachikwu asks India to pay Nigeria $15bn oil advance

Kachikwu asks India to pay Nigeria $15bn oil advance

Ibe Kachikwu, minister of state for petroleum resources, is seeking $15 billion in advance oil payments from the Indian government, to stem Nigeria’s cash flow challenges.The deal will see the Indian government make an upfront payment for crude purchase to Nigeria, to be repaid on the basis of firm term crude contracts over some years.According to the minister, who is [...]

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    Buhari welcomes $5bn investment from India

Buhari welcomes $5bn investment from India

President Muhammadu Buhari on Tuesday welcomed the proposed $5 billion investment in Nigeria by visiting Indian business delegation, led by Indian Vice-President Hamid Ansari.According to a statement issued by Garba Shehu, Buhari’s senior special assistant on media and publicity, the president made the remark when he received Ansari at the state house, Abuja.Shehu quoted Buhari as saying “India has already invested [...]

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    Dubai halts departure flights as Emirates plane crash-lands

Dubai halts departure flights as Emirates plane crash-lands

A  plane belonging to Emirates, a leading airline based in Dubai, United Arab Emirates, coming from India, has crash-landed at Dubai International Airport.According to Dubai Media Office, "Emirate can confirm that an incident at Dubai International Airport on August 3, 2016 at about 12;45 local time."Emirates can confirm that an incident happened at Dubai International Airport on 3rd August 2016 [...]

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    1 million Indian bank workers go on strike

1 million Indian bank workers go on strike

Banking operations were paralysed across India on Friday as around one million employees went on strike to protest government proposals to reform the industry.Staff from 45 governments, private and foreign banks participated in the strike, which was called by the United Forum of Bank Unions, an umbrella organisation representing nine unions of bank employees.The forum opposes government proposals to consolidate [...]

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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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