Sunday, February 17, 2019

Tag "India"

    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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    15 dead, 100 trapped in Indian bridge collapse

15 dead, 100 trapped in Indian bridge collapse

At least 15 people have been reported dead, with about 100 others missing and injured in the collapse of a bridge in North Kolkata in India.The bridge, which was billed for a 2012 completion, was still under construction at the time of its collapse on Thursday, following financial troubles by the implementing agency.Mamata Banerjee, West Bengal chief minister, has arrived at [...]

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    Dangote Group sponsors 800 Nigerians to understudy refinery operations in India

Dangote Group sponsors 800 Nigerians to understudy refinery operations in India

Aliko Dangote, president of Dangote Group and Africa’s richest man, is sending about 800 Nigerians to India, to learn the operations of a petrochemical refinery.The 800 Nigerians will travel to the Asian country over the next 24 months in a batch of fifties, to learn from the nation with the largest refinery in the world.India is home to the world’s [...]

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    Mugabe pulls out of Indian festival over security fears

Mugabe pulls out of Indian festival over security fears

President Robert Mugabe of Zimbabwe suddenly cancelled his participation at a cultural festival in India, citing “poor security”.Addressing journalists on Thursday, George Charamba, Mugabe’s spokesman, said the president who had been in the Asian country was to return home.“The cancellation follows communication from organisers of the festival acknowledging substantial inadequacies in protocol and security arrangements around the event,” he said.Mugabe, [...]

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    Nigeria’ll be world’s 3rd most populous country by 2050

Nigeria’ll be world’s 3rd most populous country by 2050

Nigeria will be the third most populous country in the world by 2050, standing behind just India and China, a United Nations study has projected.Nigeria’s population, currently the seventh largest in the world, is growing most rapidly and is projected to surpass that of the United States by about 2050, at which point the African country would become the third largest in the world.According to [...]

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    ‘Oil prices would stay below $80 till 2020’

‘Oil prices would stay below $80 till 2020’

The International Energy Agency (IEA) says crude oil prices would remain lower than $80 a barrel up until 2020.In the 2015 edition of its flagship World Energy Outlook (WEO 2015) publication, the reputable energy controlling body said the plunge in oil prices has set in motion the forces that lead the market to rebalance.“In the central scenario of WEO-2015, a [...]

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    Buhari: Not all nominees will be ministers

Buhari: Not all nominees will be ministers

President Muhammadu Buhari says some of the ministerial nominees will end up “sitting” in federal executive council sessions rather emerging substantive ministers.In an interactive session with journalists in New Delhi, capital of India, on Friday, Buhari lamented state of the economy, saying: “The government is broke”.“There used to be 42 ministers but we will be lucky if we can have half [...]

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    Buhari: I’ll like to be remembered as a patriot who fought not just civil war but corruption

Buhari: I’ll like to be remembered as a patriot who fought not just civil war but corruption

In what could be regarded as one of his most emotional statements, President Muhammadu Buhari on Friday said when he departs this world, he will like to be remembered as a man who led the battle against corruption.Buhari has been accused of being selective in the fight against corruption but the president believes that some of the criticisms are meant [...]

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    Buhari heads to India on Tuesday

Buhari heads to India on Tuesday

President Muhammadu Buhari will leave Abuja on Tuesday for New Delhi to participate in the 3rd summit of the India-Africa Forum aimed at boosting socio-economic development in Africa and India.Femi Adesina, special adviser to the president on media and publicity, disclosed this in a statement issued in Abuja on Sunday.Adesina said Buhari, Prime Minister Narendra Modi of India and other [...]

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    Heatwave hits Africa, kills 61 in Egypt

Heatwave hits Africa, kills 61 in Egypt

At least 61 people have been confirmed dead, following a massive heatwave in Egypt, the country’s ministry of health has confirmed.The heatwave which drove extreme temperatures in the north African country has led to the admission of about 600 people in various hospitals across the country.According to Hossam Ghaffar, a spokesperson from the country’s ministry of health, the problem faced [...]

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    India to block 857 pornographic websites

India to block 857 pornographic websites

The Indian government says it has directed internet service providers and telecom operators in the country to block 857 pornographic websites.The directive came after the Supreme Court expressed concern, over the home ministry's failure to block websites, featuring child pornography.An official, who does not want to be named, said the original petition, which led to the Supreme Court response in [...]

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    ‘1,100 Nigerians serving jail terms in India’

‘1,100 Nigerians serving jail terms in India’

Ajjampur Ghanashyam, the Indian high commissioner in Nigeria, says about 1,100 Nigerians are serving various prison terms in India.Ghanashyam said both countries are making arrangements to sign prisoners transfer agreement that would allow prisoners to return to their home countries to serve their jail terms.“When I came to Nigeria, there were about 1,800 Nigerians in our prisons and that was [...]

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    Like Nigeria, local gin kills 99 in India

Like Nigeria, local gin kills 99 in India

Illegally-made alcohol has killed not less than 99 people, while rendering scores to various degree of sickness in a slum in Mumbai, Indian, authorities have confirmed.According to Dhananjay Kulkarni, spokesman of the Mumbai police, 46 people have been hospitalised, with a bulk of them in critical condition.“More than 150 have consumed this alcohol. The death toll may rise,” he said, [...]

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Exchange Rates

February 15, 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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