The Central Bank of Nigeria (CBN), in its last intervention for the week, has injected the total sum of $349.34 million in the Retail Secondary Market Intervention Sales (SMIS) segment of the Forex market. Figures obtained from the CBN on Friday, May 4, 2018, indicated that the interventions were meant to meet obligations in the agricultural, airlines, petroleum products and raw materials and machinery sectors. The Acting Director, Corporate Communications Department, CBN, Isaac Okorafor, who confirmed the releases, reiterated that the Bank continued to intervene in the foreign exchange market…
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NCC Arrests Firms For Illegal Operation On 5.4GHz Spectrum
For failing to comply with the guidelines for the deployment of 5.4GHz frequency band, some companies in Uyo, Akwa Ibom and Calabar, Cross River states have had their premises shut down by the Nigerian Communications Commission (NCC). The enforcement team of the Commission took Compliance Monitoring to Calabar, Cross River and Uyo, Akwa Ibom States on April 26 and 27, 2018 respectively to enforce compliance with its guidelines for the deployment of service in the 5.4GHz frequency band. The Commission, based on the Guidelines for the Deployment of Service in…
Read MoreWhy I’m Contesting Borno Governorship Election Under Labour Party – Mshelia
Renowned pilot and aviation trainer, Captain Ibrahim Kadafir Mshelia has said that, he is pitching tent with the Labour Party in Borno State because he strongly believes that the party will not only take the government house come 2019, but will lay a foundation for unstoppable progress that the youths of the state can enjoy for hundreds of years to come. Captain Mshelia disclosed this yesterday while making a speech in his formal presentation to the Labour Party by the party’s political leaders in Maiduguri, Borno State capital. Stating that…
Read More7.6 Million Children Are Being Fed On Daily Basis In Schools – Osinbajo
Vice President Yemi Osinbajo yesterday disclosed that not less than 7.6 million children are being fed on daily basis by the Federal Government under the National Home Grown School Feeding Programme (NHGSFP) of the government. Osinbajo who was in Ondo state on a two-day working visit ,stated this during the inspection and interactive session with beneficiaries of the NHGSFP and N-Power Programme at Alagbaka Estate Primary School, Akure, the state capital. The Vice President said, the purpose of the programme was to ensure that children were, at least fed with…
Read MoreKashamu: Appeal Court Vacates Order Restraining FG
The Lagos Division of the Court of Appeal yesterday vacated the judgment of Justice Okon Abang of the Federal High Court which restrained security agencies in the country from arresting and commencing extradition proceedings against Senator, Buruji Kashamu. In an unanimous decision on two consolidated judgments delivered by Hon Justice Yagarta Nimpar, the appellate court held that Justice Abang relied heavily on speculations and conjectures in arriving at his judgment which are not permitted in law. Justice Abang had in 2015 in separate rulings nullified the provisional warrant of arrest…
Read MorePrimaries: Ekiti CP Tasks Politicians On Adherence To Peace Pacts
The outgoing Police Commissioner in Ekiti State, Mr Abdulahi Chafe has urged governorship aspirants of the All Progressives Congress (APC) and other political parties in the state to abide by pre-primary agreement reached with the leadership of their parties. He also admonished officers and men of the state command to always be civil while carrying out their duties and dealing with members of the public. Chafe who is bowing out after thirty-two years in service, said adhering to such agreements will ensure a peaceful and smooth process. He spoke yesterday…
Read MoreGroup Asks FG To Sanction UNICEF Over Alleged Sex Reports In IDP Camps
Nigeria’s federal government has been asked to sanction leadership of the United Nations International Children’s Fund (UNICEF) over their alleged suspicious plots to embolden and promote terrorism the country. Coalition for Peace in Nigeria (CFPN), who made this call, wondered why a reputable organization like UNICEF would allow some of its staff to enlist in the club of undercover agents of foreign forces against Nigeria, in disguised support for terrorism. CFPN during a protest in Abuja on Friday, lamented the alleged attempts by some international organizations, who have rendered themselves…
Read MoreBehind The Smoke Screen: An Authoritarian New President
By Rafael Marques de Morais After the 2017 elections, the hopes ordinary Angolans placed on President João Lourenço were so high that many regarded him as a gift from God. Next September, his predecessor, José Eduardo dos Santos, will finally step down from the leadership of the ruling MPLA, after 39 years. The combined imperial powers of the country’s presidency and of the MPLA will make João Lourenço the absolute ruler of Angola, and it does not bode well for the country. The political partisanship of the army and the…
Read MoreConfusion In Bayelsa APC As Court Reinstate Sacked Chairman
…security tightened around Party secetariat The High Court of Sagbama Division sitting in Yenagoa, Bayelsa State capital yesterday ordered the immediate reinstatement of the sacked Chairman of the All Progressives Congress (APC) in the state, Chief Tiwei Orunimighe. The reinstated Party Chairman, Chief Tiwei Orunimighe, in the suit numbered SHC/12/2018. had dragged the APC, the party’s National Chairman, Chief John Oyegun and the Independent National Electoral Commission (INEC) to court challenging his removal over alleged misconduct and anti-patyy activities. The claimant on April 26 filed a motion exparte praying the…
Read MoreBayelsa Signs MOU With Calvert Energy Group In Houston
The Bayelsa State Eco-Investment Park Limited today the 4th of May 2018, has signed a Memorandum of Understanding with the Calvert Energy Group for the development of the Bayelsa Eco-Industrial City. The MOU was signed on Thursday, May 4th in Houston , USA. A press statement by the Chief Press Secretary to the Governor of Bayelsa State, Francis Ottah Agbo, noted that the agreement is the first of many more investment agreements to be signed by the Restoration Government of Honourable Henry Seriake Dickson. The Executive Chairman of Bayelsa Eco-Industrial…
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