Monday, September 24, 2018

Tag "rivers"

    Rivers overtakes Lagos as top investment destination

Rivers overtakes Lagos as top investment destination

The investment profile report by the Nigeria Investment Promotion Commission (NIPC) shows that Rivers state received the largest investment in the first half of 2018.According to the report, a total of $45.74 billion was invested for 42 projects in nine states and the Federal Capital Territory (FCT).The sectoral analysis of the investment profile showed that mining and quarrying accounted [...]

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    BudgiT: Despite high IGR, Lagos ‘weighed down’ by increasing debt

BudgiT: Despite high IGR, Lagos ‘weighed down’ by increasing debt

Despite having the highest internally generated revenue (IGR) in 2017, Lagos state may be on “shaky grounds” as a result of its increasing debt profile.This is according to the 2018 edition of the State of States Report released on Tuesday by BudgiT, a civil society organisation.The report measures the fiscal sustainability of the 36 states in the federation.Fiscal sustainability is [...]

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    Report: EFCC secures warrant to arrest Rivers officials over N117bn transaction

Report: EFCC secures warrant to arrest Rivers officials over N117bn transaction

The Economic and Financial Crimes Commission (EFCC) has reportedly secured a court warrant to arrest four officials of the Rivers government over an alleged N117 billion suspicious transaction.The anti-graft agency is investigating the transaction of the said sum which was supposedly withdrawn over the counter in the last three years.The EFCC had invited and quizzed Peter Amangbo, managing director of [...]

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    No Rivers official will appear before EFCC, says Wike over invitation of bank MD

No Rivers official will appear before EFCC, says Wike over invitation of bank MD

Nyesom Wike, governor of Rivers state, says no official of the state government will appear before the Economic and Financial Crimes Commission (EFCC).Wike spoke after EFCC invited and quizzed Peter Amangbo, managing director of Zenith Bank, over alleged N117 billion transaction by the state government in the past three years.The anti-graft agency is also seeking to quiz four officials of [...]

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    INEC suspends Rivers bye-election over widespread violence

INEC suspends Rivers bye-election over widespread violence

The Independent Electoral Commission (INEC) has suspended the by-election for Port Harcourt Constituency III state assembly seat.Obo Effanga, the resident electoral commissioner (REC) in Rivers, who announced the suspension in a statement on Saturday, cited widespread violence as the reason for the suspension.The bye-election was conducted by INEC to fill the vacancy left by former state assemblyman, Victor Ihunwo, now [...]

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    PHOTOS: The damage done by ‘thugs’ to Rivers court over APC crisis

PHOTOS: The damage done by ‘thugs’ to Rivers court over APC crisis

Suspected thugs broke into a high court in Port Harcourt, Rivers state capital, on Friday, chasing away lawyers, judges and litigants.Magnus Abe, senator representing Rivers south-east, had gone to seek a court order restraining the faction under Rotimi Amaechi, minister of transportation, from holding the local government (LGA) congress of the party on Saturday.The motion followed a controversial ward congress [...]

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    Wike mocks APC as Magnus Abe, Amaechi spark fresh crisis — hours to congress

Wike mocks APC as Magnus Abe, Amaechi spark fresh crisis — hours to congress

The disagreement between Rotimi Amaechi, minister of transportation, and Magnus Abe, senator representing Rivers south east, has sparked a fresh crisis in the state chapter of the All Progressives Congress (APC).Except the party makes fresh arrangements, congress might not hold in the state as some aggrieved members said to be loyal to Abe vandalised the party's secretariat located on Moscow Road, Port [...]

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    Port Harcourt, the city of soot

Port Harcourt, the city of soot

Port Harcourt, the capital city of Rivers state, has been completely taken over by soot, an airborne contaminant which is a mass of impure carbon particles resulting from the incomplete combustion of hydrocarbons.The increasing level of soot in the air and environment of Port Harcourt is largely due to two factors, the activities of security agencies who burn off illegally [...]

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    Wike: I’ll fast, pray that God keeps Danjuma for saying the truth about armed forces

Wike: I’ll fast, pray that God keeps Danjuma for saying the truth about armed forces

Nyesom Wike, governor of Rivers state, says Theophilus Danjuma's statement about the alleged non-neutrality of the nation's armed forces is the "obvious truth".On Saturday, Danjuma, a former minister of defence, accused the army and other security agencies of colluding with killers to attack Nigerians."The armed forces are not neutral. They collude with the armed bandits. They kill people, kill Nigerians. [...]

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    Finally, Buhari to visit ‘troubled’ states

Finally, Buhari to visit ‘troubled’ states

President Muhammadu Buhari is planning trips to Benue, Taraba, Zamfara, Yobe and Rivers states, which have recorded different forms of violence in 2018.Femi Adesina, special adviser to the president on media and publicity, disclosed this in a statement on Monday."In view of recent terrorist attacks, criminal activities and communal clashes in some States leading to tragic loss of lives and kidnapping of 110 [...]

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    How pastor ‘gruesomely murdered’ two women and a baby in Rivers

How pastor ‘gruesomely murdered’ two women and a baby in Rivers

A pastor in Afam, Rivers state, has been arrested in connection with the murder of three persons – two women and a nine-month-old girl, all members of his church.Cyril Okoro, the deputy commissioner of police, disclosed the arrest in Port Harcourt on Friday at a press briefing. Okoro spoke on behalf of the commissioner, Zaki Ahmed.The police alleged that the [...]

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    Okorocha’s ‘amnesty’ to wanted persons splits lawmakers

Okorocha’s ‘amnesty’ to wanted persons splits lawmakers

Members of the house of representatives were divided on Tuesday over the amnesty reportedly granted by Rochas Okorocha, governor of Imo state, to some criminal suspects declared wanted by the Rivers state government.Last week, Nyesom Wike, governor of Rivers, had said: "That amnesty offered by Governor Okorocha cannot cover Rivers state. These criminals are still wanted for their crimes against [...]

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    Amaechi: I could have been killed because of Buhari

Amaechi: I could have been killed because of Buhari

Rotimi Amaechi, minister of transportation, says he could have been killed during the fight to install President Muhammadu Buhari.Amaechi, who was director-general of the campaign team of Buhari, de-marketed former President Goodluck Jonathan, who was a threat to the emergence of the All Progressives Congress (APC).He attacked Jonathan in public and private and as the election drew near, there were [...]

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    Wike visits Benue, donates N200m to victims of farmers, herdsmen clashes

Wike visits Benue, donates N200m to victims of farmers, herdsmen clashes

Nyesom Wike, governor of Rivers state, has donated N200 million to the people of Benue state who were displaced from their homes following herdsmen attacks.He made the donation when he visited the state on Wednesday to commiserate with Samuel Ortom, his Benue counterpart, and the people of the state.The governor said the donation was for the purchase of relief materials [...]

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    No land for cattle colony in Rivers, says Wike

No land for cattle colony in Rivers, says Wike

Nyesom Wike, governor of Rivers, says there is no land for cattle colonies in the state.The governor said this on Tuesday when he received members of D-Source Connect Group in Port-Harcourt, the state capital.The federal government had proposed cattle colonies as a measure to end the incessant clashes between herdsmen and farmers/communities in the country.But some states, including Benue where [...]

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    A president and a heartbreak nation

A president and a heartbreak nation

"Ours is a heartbreak nation, a killer of elation, unmindful of its inclination to self-immolation" The recent killings in Rivers and Benue States and previous ones across our country, attributed to suspected cultists and Fulani herdsmen, should worry anyone genuinely interested in preserving its unity, security, peace and progress. If we have a sense of history, we should recognise the calls by [...]

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Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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