CBN Adjusts Forex Peg to N196.98/$1

Vice president Yemi Osinbajo The Central Bank of Nigeria (CBN) strengthened its exchange rate peg slightly to N196.98 against the dollar on the interbank market on Monday, from N197 to a dollar it set last week, traders said. According to Reuters, the regulator sent a message announcing the adjustment, which is the eighth since the […]

Dakkada: State branding in nation building

Princewill Ekwujuru takes a look at the move by Akwa Ibom state to instil new thinking in the minds of the citizenry. It takes a new route to rebrand the state with the ‘Dakkada’ campaign instrument of change. Just like everything else, in time, a brand image gets tired and dusty, no longer able to […]

Electricity Generation: Cabal Sabotage Jonathan’s Efforts in Power Sector

Ex-Minister of Power, Prof. Chinedu Nebo Olakiitan Victor in Ado Ekiti Ex-Minister of Power, Prof. Chinedu Nebo, has blamed the inability of Dr Goodluck Jonathan’s administration to turn around the power sector on those he described as saboteurs in the system. The former Vice Chancellor of the Federal University, Oye Ekiti , said it was […]

Shipowners target international cargo

Indigenous shipowners look set to break into the international shipping business circle after many years of operating locally. Already, the shipowners have commenced a process to meet with foreign vessel operators on the plan to be part of the international cargo distribution. The Coordinator, Government Relations, Shipowners Association of Nigeria, Mr. Temisan Omatseye, confirmed that […]

Rivers govt orders Amaechi, Ukpo, et all to refund about N100 billion

BY JIMITOTA ONOYUME Rivers state govern ment has ordered former governor Chibuike Amaechi , Brigadier Anthony Ukpo rtd and some appointees of the former governor to refund about 100 billion naira allegedly missing from the state’s coffer. This development is contained in a white paper released yesterday by the state government on the recommendations of […]

Banks charge customers for domiciliary account withdrawals

Several bank customers are now incurring charges for withdrawing cash from their domiciliary accounts, it has been learnt. This followed the Deposit Money Banks’ decision to develop new revenue sources amid looming decline in profitability occasioned by regulatory headwinds and challenging economic conditions. Although the banks are considering several new revenue sources, findings have shown […]

GSM subscribers hit 148.7 million amid poor services

Subscription to the GSM networks in Nigeria has hit a record high of 148,703,160, investigation has shown. Statistics obtained from the Nigerian Communications Commission in Abuja on Wednesday showed that the total number of subscription to all telecommunications networks rose to 151,018,624 by the end of August this year. A year ago, specifically in September […]

International News

Buhari’s Presidency: Facts and fiction
Buhari’s Presidency: Facts and fiction

OPINION I am worried about the ongoing narrative that Nigerians desired a change from the PDP misrule and agreed in 2015 to kick out Goodluck Jonathan and vote in Muhammadu Buhari

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  With the past public utterances of Donald J. Trump of the United States of America, one should not be surprised at his recent racist remark coming from the President of

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“Shithole countries” by Donald Trump
“Shithole countries” by Donald Trump

‘Africans outraged, say Trump’s remark xenophobic, outrageous, racist ON JANUARY 13, 20186:38 AMIN NEWSCOMMENTS Africans have reacted angrily after US President Donald Trump reportedly referred to their nations as “shithole countries”,

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