The Central Bank of Nigeria hit out at critics of its foreign exchange policy, describing them as “unpatriotic” in a statement released Friday. Nigeria’s government has come under intense criticism for propping up the naira at 305-315 to the dollar and introducing tight capital controls in response to the country’s worst economic crisis in decades. The policies have led to a foreign exchange shortage, with many local businesses being forced to buy dollars on the black market, where the rate is scraping 490 to the dollar. “Intelligence reports at the disposal of the bank reveal the involvement of some unpatriotic…
Author: David Folami
The Independent Petroleum Marketers Association of Nigeria (IPMAN) in Kano State has denied reports of a planned increase in petrol price. The denial was made on Friday, January 27, by state IPMAN Chairman, Alhaji Bashir Dan-Malam. “As leaders of the association, we feel it is necessary to tell our members the truth as the government has no plan to increase fuel price for now,” Dan-Malam told journalists. “The rumour is a lie and anything you hear that is not from us, ignore it,” he added. Fears of a possible price increase were sparked after it was revealed that oil marketers,…
There are reports that suspected members of Boko Haram have invaded a military base of ‘Operation Lafiya Dole’ in Borno killing three soldiers. According to a report by Vanguard Newspaper, the terrorists invaded the camp situated in Kamuya village of Buratai ward of Biu Local Government Area of Borno state. The members of the terrorist sect reportedly sacked the soldiers at their duty post and carted away arms and ammunitions in the camp, which is 6 kilometres to Buratai, the ancestral home of the Chief of Army Staff, Lieutenant General Tukur Buratai. The incident according to sources took place on…
The House of Representatives has threatened to issue warrant of arrest on the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele. Emefiele was threatened with arrest alongside the Accountant-General of the Federation (AGF), Mr Ahmed Idris over oil licenses. According to the House, the threat is in respect of the sale of Oil Prospecting Licenses (OPLs) and Oil Mining Leases OMLs to some international oil companies (OICs). The Chairman of the House AdHoc Committee on OPLs/OMLs, Rep. Gideon Gwani (PDP-Kaduna), issued the threat while briefing newsmen on Friday in Abuja. He said the committee’s mandate was to carry…
Nigerian singer Femi Kuti paid a visit to the home for the Internally Displaced Persons – IDP camp- in Maiduguri recently. The star shared a video of himself teaching the children a little musical do-re-mi lesson on the trumpet. “Gave the children in one of the IDP camps a little musical do re mi lesson on the trumpet,” he captioned a video. Then wrote alongside another, “Gave the children a little entertainment and taught them our #ARARARARARA / #Orororororo.” Meanwhile, the afrobeat legend, Femi, was present at the United Nations Children’s Fund’s (UNICEF) 70th anniversary. The musician also met one…
Media personality Bonang Matheba took to her Instagram page on January 26, 2017, to release new photos of herself and beau AKA. The photos having been shared over a thousand times as the two lovebirds arrive from a baecation in Thailand. They look amazing! The duo continued their vacation in Dubai after visiting Thailand and China in recent weeks. The couple arrived the Chinese city after spending a couple of days in Thailand, where they visited Phi Phi Islands and Kathu ATV Adventure.
Rob Kardashian and Blac Chyna are celebrating their first anniversary. The proud father of one shared a video montage on Instagram on Wednesday, January 25, 2017, to celebrate their milestone. With DJ Khaled’s “Hold You Down” featuring Chris Brown playing in the background, the tribute was filled with kisses, cuddles and plenty of baby bump love. The fashion entrepreneur first captioned the video, “a year went by so fast, love you,” but later changed it to, “1 year down lol woohoooooo happy anniversary babbbbbbiiiiiiieeeeee.” Oh! Knowing haters gonna hate the comments were disabled. The couple welcomed their bundle of joy,…
The latest edition of IK Osakioduwa’s TV show, ‘High Lites with IK’ would be fun, to say the least, and it’s because of Tiwa Savage. The singer who was a guest on the show, turned up with her adorable son, Jamil Balogun, and gave the lost some lessons in twerking. The sexy mother of one was pictured bent low, twerking, while IK mimicked her every move. Simply hilarious. Sweet Jam Jam also pulled his own weight during the show, and at this point, we are eager to see the clip itself. Tiwa Savage still got it!
Nollywood actress Monalisa Chinda stuns in new photos. The star who recently got married in a fairytale wedding in Greece has released new glowing photos of herself. Monalisa married Victor Coker, who has been her long-time friend in a Gatsby-themed wedding in Santorini, a Greek island in the Aegean sea on September 1, 2016.
Veteran Nollywood actor RMD’s wife, Seunfunmi, is a year older today, January 27, 2017. The “Wedding Party” star took to Instagram to share a sweet birthday message alongside her photo. He wrote: “Nah, this won’t be a long one. Been saying too much of late and dragging you back into the public space you’ve warned me to keep you away from, you see, I’m trying but I can’t help myself. I must let the world know that you’re the strongest reason I can hold my head up high. You have covered my mistakes and shielded my shortcomings from the public.…
Liverpool manager Jurgen Klopp does not believe Daniel Sturridge has lost a yard of pace, but says the striker may be doubting his body after numerous injuries. Sturridge, 27, struggled during Wednesday night’s EFL Cup semifinal defeat to Southampton and has only scored two Premier League goals this season — making just nine starts in all competitions. Sky Sports recently published statistics that show the England international’s top speed has decreased in each season since the 2012-13 campaign, losing almost four kilometres-per-hour in total over four years. Sturridge’s career at Anfield has been blighted by lengthy spells on the sidelines…
Arsene Wenger has been handed a four-match touchline ban by the FA after the Arsenal manager admitted a charge of misconduct. The FA handed down the punishment on Monday after Wenger was charged for pushing fourth official Anthony Taylor after he was sent to the stands for protesting a penalty decision in Sunday’s win over Burnley. He was also fined £25,000 for his actions, and will have to spend the next four games sitting in the stands. Wenger was also charged with using insulting language toward the officials. The Arsenal boss has apologised for his actions and accepted the charge.…
Former Chelsea manager Avram Grant believes the club has suffered for its revolving door policy in changing coaches so regularly and insists they lack identity. Grant, now manager of Ghana, took the Blues to the Champions League final after replacing Jose Mourinho in 2007 but was sacked soon after and, since then, the club have had 11 different men in charge on either a temporary or permanent basis — with Antonio Conte taking over this summer. “I think the problem is that Chelsea don’t have an identity of how they play,” Grant told ESPN FC at Ghana’s team base at…
Three thoughts on Hull’s 2-1 win vs. Manchester United in the EFL Cup semifinal second leg. United advance to the final, 3-2 on aggregate, and will play Southampton at Wembley on Feb. 26. Jose Mourinho remains on course to win a trophy in his first season at Manchester United, but complacency almost ended his dream, with Hull City deserved claiming a deserved second-leg victory. The half-hearted manner of his team’s performance will enrage Mourinho, though, and see the Portuguese manager demand an upturn in standards from his players. With their 2-0 first-leg lead, United appeared to approach this game as…
Arsene Wenger says the words that got him sent off against Burnley were far from the worst he has used towards referees, but also insisted he has learned to control his passion on the sidelines. Wenger is awaiting sanctions from the Football Association after being charged with misconduct for pushing the fourth official after he was sent to the stands for protesting a penalty decision in the 2-1 win over Burnley. Wenger was also charged with using insulting language toward the officials. The Arsenal boss has apologised for his actions and accepted the charge. “You know, I have said much…
Manchester United manager Jose Mourinho said his side “didn’t lose” despite being beaten 2-1 by Hull City at the KCOM in the EFL Cup semifinals. United lost on the night, but went through 3-2 on aggregate thanks to their 2-0 win in the first leg at Old Trafford, and they will meet Southampton at Wembley on Sunday, Feb. 26. The first of Hull’s goals, giving them a 1-0 lead in the second leg, came from a controversial penalty when Harry Maguire went down following a challenge from Marcos Rojo, allowing Tom Huddlestone to score from the spot. Without referring directly…
Lyon winger Memphis Depay has paid tribute to Jose Mourinho despite the Manchester United manager deeming him surplus to requirements at Old Trafford. Depay, 22, completed a €16 million transfer to Lyon last Friday after falling out of favour with Mourinho, who gave the Netherlands international just four brief run-outs as a substitute in the Premier League this season. After the move went through, Mourinho praised Depay’s attitude and suggested the former PSV Eindhoven man could even return to the club if he is successful in Ligue 1. “His words were nice. In Manchester, I always worked as I had…
The Nigerian Army has insisted that it does not charge prospective applicants for the ongoing 76 Regular Recruits Intake for trades/non trades men and women. The army made the clarification in a statement issued by its Spokesman, Brig.-Gen. Sani Usman on Wednesday in Abuja. “The attention of the Nigerian Army (NA) has been drawn to activities of fraudsters demanding money from applicants. “The fraudsters posing as army officers with the names, Lieutenant Femi and Lieutenant Gbenga Danjuma respectively, operate with the GSM number 08165007425. “The NA wishes to state that the processing of application forms into the Army is free…
Chairman of the Presidential Advisory Committee Against Corruption (PACAC), Prof Itse Sagay (SAN), has berated Senator Shehu Sani for his recent anti-Buhari statement. Sani, an APC lawmaker representing Kaduna Central in the Red Chamber had rubbished the President Muhammadu Buhari’s letter that cleared the Acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu of corruption allegations. Buhari in the letter also rejected the Senate’s demand for the sack and prosecution of Secretary to the Government of the Federation (SGF), Babachir Lawal after a senate committee headed by Sani indicted him. Sani said the present administration is treating…
The Federal Government has ordered the immediate payment of N150 billion to oil marketers across the country. The money is meant for the bridging cost for fuel products’ delivery nationwide. President Muhammadu Buhari’s Chief of Staff Abba Kyari gave the order in Abuja on Wednesday, January 25, during a two-hour closed-door meeting held with stakeholders in the sector at the Aso Rock Presidential Villa. Speaking to newsmen after the meeting, the national secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Zarma Mustapha, dismissed insinuations that the meeting was about increase in petroleum pump prices. He said: “We looked…