Thursday, November 15, 2018

Tag "uk"

    Ibori’s aide: The main issue is victimisation of my principal — not £1 compensation

Ibori’s aide: The main issue is victimisation of my principal — not £1 compensation

Tony Eluemunor, media aide of James Ibori, former governor of Delta state, says instead of focusing on the "victimisation and oppression" of his principal by the UK government, attention was given to the "frivolous" £1 compensation awarded to him by a London court.On Monday, a UK court awarded Ibori a nominal £1 (about N400) as damages over his claim of [...]

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    Manchester bombing among worst terrorist attacks in UK history, says May

Manchester bombing among worst terrorist attacks in UK history, says May

UK Prime Minister Theresa May has said Monday night's attack on Manchester Arena was the worst in the country's history.May said that the "cowardice of the attacker was met by the bravery of the emergency services and the people of Manchester" in remarks given at Downing Street, as cited by the Press Association."This was among the worst terrorist incidents we [...]

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    EXTRA: British court ‘humours’ Ibori with £1 compensation

EXTRA: British court ‘humours’ Ibori with £1 compensation

A high court in London has awarded James Ibori, former Delta state governor, a nominal £1 (about N400) as damages over his claim of unlawful detention by Amber Rudd, British home secretary.Cheema-Grubb, the judge, agreed that between December 20 and 21 last year, Ibori, who spent years in UK jail for money laundering, was unlawfully held for one day, 18 hours [...]

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    UK inflation accelerates in April, Sterling sinks

UK inflation accelerates in April, Sterling sinks

Sterling tumbled lower on Tuesday following reports of UK consumer prices jumping to 2.7% in April, the highest level since September 2013.It is becoming quite clear that the Brexit-fuelled currency weakness has elevated inflation to uneasy levels with consumers likely to feel the pinch if wage growth fails to keep up. Despite the rising prices, expectations of an interest [...]

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    IMF: Oil, agriculture, big govt spending will drive Nigeria’s growth to 0.8% in 2017

IMF: Oil, agriculture, big govt spending will drive Nigeria’s growth to 0.8% in 2017

The International  Monetary Fund (IMF) says rise in oil prices, continued growth in agriculture, and big government spending will drive Nigeria's economic growth to 0.8 percent in 2017.Maurice Obstfeld, IMF chief economist, who unveiled the fund's World  Economic Outlook in Washington on Wednesday, said global growth will continue with the help of advanced economies and  emerging, low income countries."We project [...]

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    Despite intervention of activists, UK deports 23 Nigerians

Despite intervention of activists, UK deports 23 Nigerians

The United Kingdom has sent away 23 Nigerians despite efforts of some activists to prevent their deportation.A dozen activists broke through security at Stansted Airport in London, and chained themselves together on runway to stop the expulsion of the asylum seekers.According to NAN, the deportees arrived at the Murtala Muhammed International Airport (MMIA), Lagos, around 6am on Friday.The deportees, who [...]

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    Finally, UK triggers article 50 to activate EU divorce

Finally, UK triggers article 50 to activate EU divorce

Theresa May, prime minister of the United Kingdom, has finally triggered article 50, which would activate UK's departure from the European Union (EU).While speaking at the UK parliament after the country's ambassador formally handed over the activation letter to the EU in Brussels, May said it was a "unique opportunity to shape a brighter future" for the UK."The Article 50 [...]

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    What no one will tell you about living abroad

What no one will tell you about living abroad

BY SAMUEL OSHOThe present struggles that characterize the travails of Africa tend to obfuscate the perception of its inhabitants and they build castles in the air about realities that are possible on foreign soils.In a recent chat with one of my friends, he joked about the current state of economic recession in Nigeria. He said that it will take only [...]

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    ISIS claims responsibility for London attack

ISIS claims responsibility for London attack

The Islamic State has claimed responsibility for the attack, which left four people dead and 29 injured in London.According to Amaq News Agency, ISIS official press service, the attacker was a "soldier of the caliphate"."The perpetrator of the attacks yesterday in front of the British parliament in London is an Islamic State soldier and he carried out the operation in [...]

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    Are you ready for some action?

Are you ready for some action?

Do not let the quiet session on Monday and early Tuesday fool you, volatility may be just around the corner.The Federal Reserve is meeting tomorrow, the Dutch are heading to the polls, the UK triggering Article 50 is edging closer, a group of 20 finance ministers and central bankers are meeting on Friday, and a couple of tier one [...]

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    Ibori, Sheriff, Yakubu and Emefiele — the biggest news makers while Buhari was away

Ibori, Sheriff, Yakubu and Emefiele — the biggest news makers while Buhari was away

A lot happened since President Muhammadu Buhari left Nigeria for the United Kingdom on January 19.There is no doubt that the president, who returned to Nigeria after a 50-day vacation in the UK on Friday, has met the country a little more different than he left it. While he was in the UK, there were wildfire rumours that he had [...]

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    After 49 days vacation, Buhari returns Friday

After 49 days vacation, Buhari returns Friday

President Muhammadu Buhari will return to Nigeria on Friday, Femi Adesina, his spokesman, has confirmed.In a brief statement on Thursday, Adesina said Buhari expressed appreciation to all those who have been "praying fervently" for him since January 19 when he went to the UK on a medical vacation."President Muhammadu Buhari is expected to return to the country tomorrow, Friday March [...]

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    Sterling depressed ahead of UK budget

Sterling depressed ahead of UK budget

Sterling bears were unleashed during Wednesday’s trading session, with the GBPUSD sinking to a fresh seven-week low at 1.2150 as investor anxiety heightened ahead of the UK Spring Budget speech.Treasury chief Philip Hammond will be in the limelight today, and is set to provide some insight on the UK government’s financial plans as it embarks on its quest to [...]

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    UK says Jonathan did NOT reject help to rescue Chibok girls

UK says Jonathan did NOT reject help to rescue Chibok girls

It is not true that the Jonathan administration rejected the offer of British armed forces to help in rescuing the abducted Chibok girls, the United Kingdom government has said.On Sunday, The Observer, a UK newspaper, said Britain was ready to rescue the Chibok girls after they conducted air reconnaissance over northern Nigeria for several months in a mission named Operation Turus, [...]

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    QUESTION: What is responsible for the spike in deportation of Nigerians?

QUESTION: What is responsible for the spike in deportation of Nigerians?

Nigerians living abroad seem to have been hit by a wave of deportations.In the past month, about 500 Nigerians were deported from different countries, while at least 800 were repatriated or forced to return to the country.But what is responsible for this? There is no doubt that the harsh economic reality in Nigeria has led to ceaseless emigration. However, while [...]

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    Lai: If Buhari is critically ill, I will give daily bulletin on his health

Lai: If Buhari is critically ill, I will give daily bulletin on his health

Lai Mohammed, minister of information and culture, says President Muhammadu Buhari is neither critically ill nor in a life threatening situation.Speaking at a  town hall meeting in Umuahia, Abia state capital, on Monday, Mohammed said there was no need for Nigerians to worry about the president's health.He said he spoke with Buhari on Saturday afternoon, and he can declare that [...]

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Exchange Rates

November 13, 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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