Tuesday, July 16, 2019

Tag "nigeria"

    Bakare: I pray Buhari appoints the brightest people this time

Bakare: I pray Buhari appoints the brightest people this time

Tunde Bakare, serving overseer of the Latter Rain Assembly, says he prays President Muhammadu Buhari appoints the best, brightest and fittest people for his second term in office.Bakare, who ran for presidency with Buhari in 2011, under the platform of the Congress for Progressive Change (CPC), said Nigeria has so much asset, which can be employed for the development of [...]

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    Rewane: In Nigeria, there’s nothing like ‘rich’… the battle is between the ‘poor and very poor’

Rewane: In Nigeria, there’s nothing like ‘rich’… the battle is between the ‘poor and very poor’

Bismarck Rewane, chairman of the presidential technical advisory committee on the implementation of the national minimum wage, says the battle in Nigeria is "between the poor and the very poor" as the number of the rich is insignificant. In an interview with Saturday PUNCH, the economist explained that there is income inequality and this is also responsible for the growing security [...]

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    A new Nigeria coming through, says Atiku in Easter message

A new Nigeria coming through, says Atiku in Easter message

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), says Nigeria is going through difficult times.In his Easter message on Thursday, Abubakar, however, urged Nigerians to be hopeful as "a new Nigeria is being birthed."He said Nigeria will surpass its challenges as one and emerge a nation "of possibilities instead of impossibilities.""Easter is a time of resurrection. Of dying [...]

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    Nigeria: How not to fight corruption

Nigeria: How not to fight corruption

Between fighting corruptionwith bare knuckles in an inspired manner and wearing well-padded gloves to do half-hearted battle with a monster that has literally crippled the country, the Buhari administration has to make up its mind on which style to adopt.And because time isnot on its side, it had better do so now.Although Buhari says he is fighting corruption, the question [...]

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    Nigeria, Egypt in Pot 1 as CAF holds AFCON 2019 draw Friday

Nigeria, Egypt in Pot 1 as CAF holds AFCON 2019 draw Friday

Nigeria has been seeded in Pot 1 for the 32nd Africa Cup of Nations finals draw ceremony which will hold in Cairo, Egypt, on Friday evening.It is scheduled to take place behind the famous Giza Pyramids as from 6pm GMT (7pm Nigeria time).It is the biggest Africa Cup of Nations finals in the history of the competition, due to feature [...]

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    Nigeria: The 6th most miserable country

Nigeria: The 6th most miserable country

BY REUBEN RINEIn June 2018, Nigeria was reportedly declared to have overtaken India as the world’s headquarters for extreme poverty by the Brookings Institution, a nonprofit public policy organization in the USA.Prior to this declaration, the International Monetary Fund had said Nigerians are getting poorer, and they emphasized the need for coherent and comprehensive economic reforms.Despite the above mention reports [...]

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    IMF supports VAT hike, asks FG to recapitalise weak banks

IMF supports VAT hike, asks FG to recapitalise weak banks

The International Monetary Fund (IMF) says the federal government should end fuel subsidies and create a credible timeline to recapitalise weak banks in the country.At the conclusion of the IMF Executive Board 19 Article IV Consultation with Nigeria, the financial institution expressed its support for the government's plans to reform and raise value-added tax (VAT).In its report seen by TheCable, [...]

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    Sam Adeyemi’s Daystar donates N10m to UN for refugees in Africa

Sam Adeyemi’s Daystar donates N10m to UN for refugees in Africa

Daystar Christian Centre has donated N10 million to the United Nations High Commission for Refugees (UNHCR) to help refugees in Africa.The gift was announced by UNHCR in Nigeria, stating that the donation was meant to support people who were forced to flee their homes as a result of violence or persecution on the continent."Today, we received a N10 million-naira donation [...]

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    Egyptian president honours Nigeria’s Adekola for his role in shaping the future of education

Egyptian president honours Nigeria’s Adekola for his role in shaping the future of education

Loius Adekola, the founder of Ambassadors of Africa, has been honoured by Egyptian President Abdelfattah El-Sisi as one of the 12 young persons from Africa and the Arab region, playing a great role in shaping the future.Adekola was honoured for his role in "educational advancement" on the continent, acknowledging his works "towards transforming education in Africa especially through his organization the [...]

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    Report: Nigerians now 6th most miserable people in the world

Report: Nigerians now 6th most miserable people in the world

Data compiled by Steve Hanke, an economist from John Hopkins University in Baltimore, US, has classified Nigerians as the sixth "most miserable people in the world".The Misery Index was calculated using economic indices including unemployment, inflation and bank lending rates.For Nigeria, the unemployment rate was the major contributing factor."The original Misery Index was just a simple sum of a nation’s [...]

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    How Saudi officials wooed Nigerian doctors in Lagos, Abuja

How Saudi officials wooed Nigerian doctors in Lagos, Abuja

Sodiq Abubakar (not real name) was not going to miss this once-in-a-lifetime opportunity; it was prayers answered for him and he was ready to deploy all his resources to get the job. And so as early as 6:30am, he joined hundreds of other doctors outside the Ladi Kwali Hall of Sheraton Hotel, Abuja, for the recruitment exercise being organised by [...]

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    Gabriel Okara, Nigeria’s foremost poet, dies at 97

Gabriel Okara, Nigeria’s foremost poet, dies at 97

Gabriel Okara, Nigeria's foremost poet and novelist, has died one month to his 98th birthday.According to a family member, Okara died at the Federal Medical Centre, Yenagoa, capital of Bayelsa state, on Sunday evening.The famous poet was said to be relaxing at his Yenagoa residence when he slumped around 4pm.Seriake Dickson, governor of the state, has described Okara's death as [...]

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    Fayemi: You can’t win an election with 300 votes and take all — it’s a recipe for disaster

Fayemi: You can’t win an election with 300 votes and take all — it’s a recipe for disaster

Kayode Fayemi, the governor of Ekiti state, says you cannot win an election with just 300 votes and take all, calling for joint government in such situations.Speaking at the Africa CEO forum in Kigali, Rwanda on Monday, said elections in Nigeria have become more competitive."With recent elections in Nigeria, it is becoming absolutely clear that it is not an either or, [...]

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    Nigeria makes history, picks its first ever Cricket World Cup slot

Nigeria makes history, picks its first ever Cricket World Cup slot

Nigeria’s Under-19 Cricket team has booked the country’s first ever spot at the Cricket World Cup after topping the weeklong qualifying series concluded in Windhoek, Namibia on Saturday.The Junior Green Yellow defeated Sierra Leone with two wickets in a tensed encounter that was the highlight of the weeklong run of victories against Africa’s Division one Cricket powerhouses.Adams Ukwenya, the [...]

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    Governance in Nigeria: A multi-trillion naira industry

Governance in Nigeria: A multi-trillion naira industry

The major and foremost reason there is always so much tension, crisis and bloodshed in our polity during elections is because governance in Nigeria is a multi-trillion naira industry for a few, not a tool for national development. Sadly, it is the only industry in Nigeria that is working. Also, it is the only industry that can make you a [...]

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    Presidency: Trader Moni still on, to reach 10 million petty traders

Presidency: Trader Moni still on, to reach 10 million petty traders

The presidency has said Trader Moni, a scheme to provide small funds for petty traders in Nigeria, is still on, and would reach 10 million petty traders in the country.Laolu Akande, a senior special assistant to Vice-President Yemi Osinbajo, made this disclosure late Wednesday, saying the government has continued giving the loans since the All Progressives Congress (APC) won the [...]

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Exchange Rates

July 12, 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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