Saturday, November 17, 2018

Tag "nigeria"

    Botswana halts under recoveries, raises petrol pump price twice in a month

Botswana halts under recoveries, raises petrol pump price twice in a month

The Republic of Botswana has raised the retail pump prices for petrol, diesel and illuminating paraffin for the second time in the space of a month.In a statement on Wednesday, the Botswana Energy Regulatory Authority (BERA) said the retail pump prices for petrol, diesel, and illuminating paraffin will all be increased from 00:01 on Thursday, November 15.The country had increased the [...]

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    ‘It’s fake news’ — Emefiele responds to claims on Nigeria’s rice imports

‘It’s fake news’ — Emefiele responds to claims on Nigeria’s rice imports

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says it is fake news that Nigeria's rice import has increased by 400,000 tonnes.In a report last week, the CBN governor said he read that a United States agency said Nigeria's rice imports had increased by 400,000 tonnes in 2018.The governor dismissed the report as "false and fake news".A week [...]

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    Whatsapp awards $50,000 for study on misinformation during elections

Whatsapp awards $50,000 for study on misinformation during elections

Whatsapp, one of the world's most popular instant messaging application, has awarded a $50,000 research grant for study on the use and abuse of of the platform during the 2019 elections.The international research collaboration put together by Jonathan Fisher and Nic Cheeseman of the University of Birmingham, Idayat Hassan of the Centre for Democracy and Development (CDD), Abuja and Jamie [...]

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    The enduring partnership between the United States and Nigeria

The enduring partnership between the United States and Nigeria

BY TIBOR NAGY This is the last day of my first trip to Africa as the Assistant Secretary of State for African Affairs.  I spent most of my 32-year career as an American Diplomat on this continent, and I was fortunate to serve twice in Nigeria.  As they say, old friends are the best friends.  I am truly excited to be [...]

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    ‘Ganduje is very responsible’ — Buhari passes vote of confidence on governor

‘Ganduje is very responsible’ — Buhari passes vote of confidence on governor

President Muhammadu Buhari has passed a vote of confidence on Abdullahi Ganduje, the governor of Kano state, stating that the governor is very responsible.Speaking to the Nigerian community in France earlier in the week, Buhari said Ganduje was very responsible to have continued and completed the projects started by his predecessor, Rabiu Kwankwaso.The president said someone else could have diverted funds meant [...]

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    AfDB unveils Africa Energy Portal, says 75.7m Nigerians without electricity

AfDB unveils Africa Energy Portal, says 75.7m Nigerians without electricity

The Africa Development Bank  (AfDB) has launched a "one-stop-shop for accurate, reliable, relevant, and up-to-date information on energy in Africa," the Africa Energy Portal.The portal is one of the deliverables from the just concluded Africa Investment Forum (AIF) in Johannesburg, South Africa.In a statement seen by TheCable, the development bank said portal will help address lack of information in Africa's energy [...]

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    Yemi Kale: FG has not released money for NBS to complete unemployment report

Yemi Kale: FG has not released money for NBS to complete unemployment report

Yemi Kale, the statistician-general of the federation, says the federal government has not released money for the National Bureau of Statistics to complete the unemployment report.Its been a year since the bureau released Nigeria's unemployment figures, which are usually released quarterly.The statistician-general and the NBS have been accused of hoarding the figures, in order not to damage the reputation of [...]

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    Ogun leads as Nigeria’s solid minerals output jumps by 33%

Ogun leads as Nigeria’s solid minerals output jumps by 33%

The Nigeria Extractive Industries Transparency Initiative (NEITI) says the solid minerals sector contributed N43.22 billion to government coffers in 2016.In a report released by the agency on Tuesday, it was also recorded that Nigeria's solid minerals production jumped by 33 percent in the same year, with Ogun state taking the lead in production and revenue receipt.The report, signed by Orji [...]

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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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    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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    A global first for humanitarian action

A global first for humanitarian action

BY EDWARD KALLONOn Thursday 15th November, the United Nations and Nigeria’s business leaders will partner up to support millions of people in north-east Nigeria whose lives have been hampered by violence and insecurity. A handful of companies will be the first to write a new chapter in the history of the Nigeria Humanitarian Fund by joining the Private Sector Initiative. The [...]

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    Removing fuel subsidy, amending Land Use Act… Oby Ezekwesili unveils roadmap

Removing fuel subsidy, amending Land Use Act… Oby Ezekwesili unveils roadmap

Oby Ezekwesili, the presidential candidate of the Allied Congress Party of Nigeria (ACPN), says if elected as president, she would let go of fuel subsidy.The former vice-president of the World Bank, said this while unveiling her roadmap for 2019 in Lagos on Monday.She said the Muhammadu Buhari government has renamed oil subsidy and under-recovery and has spent N1.3 trillion on [...]

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    No religious agenda in the struggle of the pro-Biafra youths

No religious agenda in the struggle of the pro-Biafra youths

BY ANEKWE OBORJIIn recent weeks, I have received some write-ups in the social media of some few individuals, trying to interpret the struggle for freedom and self-determination currently being championed in the former Eastern region of Nigeria by youths of the pro-Biafra movement, as something with a hidden religious agenda. Although, some of the critics of the pro-Biafra youths may [...]

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    HSBC was in Nigeria to take funds out for money launderers, says Keyamo

HSBC was in Nigeria to take funds out for money launderers, says Keyamo

Festus Keyamo, the spokesman of the Muhammdu Buhari Campaign Organisation, says HSBC was in Nigeria to take funds out for money launderers.Speaking with Osasu Igbinedion on The Osasu Show, Keyamo said the exit of the global bank, which has a presence in 80 countries, does not erode investors confidence in Nigeria.Last week, TheCable reported the exit of the bank from [...]

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    HMOs neglect families of soldiers fighting Boko Haram, we’ll sink this board of corruption… 7 fresh revelations by NHIS ES

HMOs neglect families of soldiers fighting Boko Haram, we’ll sink this board of corruption… 7 fresh revelations by NHIS ES

Usman Yusuf, suspended executive secretary of the National Health Insurance Scheme (NHIS), has listed some of the reasons why he was suspended from the scheme.In an explosive 43-minute video, Yusuf exposed some of the shady dealings in the NHIS and what he was doing to curtail them before he was suspended.The executive secretary said his relationship with the board started [...]

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    Akin Adesina: We closed 45 deals worth $32bn at first ever Africa Investment Forum

Akin Adesina: We closed 45 deals worth $32bn at first ever Africa Investment Forum

Akinwumi Adesina, president of the Africa Development Bank (AfDB), says 45 deals, worth $32 billion were signed at the first ever Africa Investment Forum.Speaking on the concluding panel of the Africa Investment Forum in Sandton, South Africa, Adesina said the deals surpassed his expectation for its first ever edition.He said his major takeaway is that there is a rising confidence [...]

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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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