Forex dealers lose N500m in forex speculation in one week

Following the new policy in the foreign exchange market, which directed commercial banks to open forex kiosks at airports and known shopping malls, hard currency traffickers were said to have suffered collective losses, estimated at more than N500 million in one week on speculation. Mostly affected by the development were foreign currency dealers in Lagos…

NSE RoundUp! Nigerian, African equities in modest rally amidst global pause

African equities largely played the contrarian stocks in a global stock market that traded mostly in negative last week as investors in Nigeria, Kenya and Ghana spurred on bargain-hunting for value stocks ahead of the corporate earnings season, which is expected to gather momentum in the next few weeks. The benchmark index for the Nigerian…

Kim Jong Nam’s death: Malaysia police seeks arrest of N.Korean diplomat

Malaysia police are seeking the arrest of Hyon Kwang Song, a second secretary at the North Korean Embassy in Kuala Lumpur, for questioning over the death of Kim Jong-nam, the estranged half-brother of North Korean President Kim Jong-Un, who died after he was attacked with a chemical substance by two suspected female agents. Police say…

AMCON reverses self, unseals OAS premises

In what looks like a u-turn, the Asset Management Company of Nigeria (AMCON) has unsealed the premises of an indigenous aviation company, the Odengene Air Shuttle (OAS Helicopters) heliport. The AMCON reversal on Saturday was mired by conflicting reports suggesting that the action was initially taken in a hurry. Though there were evidences of withdrawal…

RRS nabs crippled suspect who robs motorists with broken bottle

The long arm of the law has caught up with a crippled man who has been terrorising motorists who’s vehicles have broken down. He was arrested by officers of the Rapid Response Squad for stabbing two passengers in a robbery attempt. According to reports, commuters have been complaining about the suspect who specializes in attacking…

Unhappy, Osinbajo summons IGP over S’Kaduna killings

The Acting President, Yemi Osinbajo has summoned the Inspector General of Police (IGP) Ibrahim Idris, over the continued killings in the southern part of Kaduna State. The police boss was sighted at the Aso Rock Villa on Saturday, even as sources revealed that the presidency is unhappy with the latestreported killing of 21 persons in…

Nigerian Newspapers: 10 things you need to know this Sunday morning

Good morning! Here is today’s summary from Nigerian Newspapers 1. President Muhammadu Buhari on Saturday spoke with his Special Adviser on Media and Publicity, Femi Adesina. According to Adesina, Buhari, who called him around 2: 43 pm said he might not return home soon ‎as he needed more time to rest. 2. The Federal Government…

GERMANY: 1 dead, 2 injured after man drives into crowd

Tragedy struck in the southwestern town of Heidelberg on Saturday, when a 35-year-old German man drove into a crowd standing near a bakery, killing one person and injuring two others. Police say terrorism is ruled out as the motive for the attack. One of the victims, a 73-year-old German man died in hospital from his…

After shutting out CNN, BBC, Trump to boycott correspondents’ dinner

US President Donald Trump has delivered another blow to the American media after he said he will not attend a century-old annual correspondents’ dinner, a day after a fierce fight erupted over press access to the White House. Trump revealed he will not be attending the dinner in a Twitter post when he wrote thus;”I…

Shehu Garba misses Buhari’s call, gets SMS

President Muhammadu Buhari’s Senior Special Adviser on Media and Publicity, Malam Garba Shehu has missed out on the list of people the president has called from his medical sojourn in London. The media adviser, who made this known on his facebook page, also revealed that the President also put a call through to the minister…

Confusion, Intrigues as NCAA sacked directors return to offices

Some unknown game seems to be playing out in the aviation industry in Nigeria creating confusion and intrigues as all 10 sacked directors of the Nigerian Civil Aviation Authority (NCAA) have been directed to return to their offices. This development came less than 24 hours after the Minister of State for Aviation, Sen. Hadi Sirika…

RIVERS POLL: Thugs cut off INEC official’s hand

Reports emanating from Etche Local Government Area of Rivers State, say suspected political thugs on Saturday cut off the hand of an INEC official. They were said to have also abducted a second electoral officer. Both men were part of the team conducting the supplementary legislative poll in Igbo-Etche area of the state. The INEC…

Buhari speaks with Adesina, says ‘greet your family’

Mr. Femi Adesina, the Special Adviser to President Muhammadu Buhari on Media and Publicity, says he has spoken to the number one citizen in London. Adesina who had always maintained that Buhari is ‘hale and hearty’ had always told Nigerians that though he has not spoken to the president, he speaks with those around him…

Nigeria to save $31.4bn yearly from lower oil production cost –NNPC GMD

Nigeria will be saving about $31.4 billion yearly as the NNPC plans downward review of oil production cost before the end of 2017, according to its Group Managing Director, Maikanti Baru. The GMD, who was represented at a one-day seminar in commemoration of Aret Adams in lagos on Friday, by the Chief Operating Officer, Gas…

Minister Dalung, NFF disagree on candidate for CAF election

Nigeria’s Sports Ministry and the Nigeria Football Federation (NFF) may be heading for a clash as Minister Solomon Dalung counters the Glass House over the candidate that gets the country’s support in the coming CAF Presidential elections. The Caf Presidential elections which comes up next month has Madagascar FA Boss, Ahmad Ahmad, contending with long-serving…

Confusion, fresh anxiety trail gas pipeline explosion in Rivers State

The denial of the Nigerian National Petroleum Corporation (NNPC) that the exploration activities by its subsidiary, the Integrated Data Services Limited (IDSL) did not cause the explosion on one of Nigeria Liquefied Natural Gas Limited’ (NLNG) pipelines has left stakeholders in a state of confusion and panic throughout Friday. There are concerns as to whether…

Arrested kidnapper reveals how he got N2.2m from two operations

The latest suspect to be arrested in connection to the kidnap of some students and staff of the Nigerian Turkish International College, Ogun State and Secretary, Isheri North Estate in Lagos has revealed that he got N2m and N150, 000 from the two kidnap operations. He was nabbed by operatives of the Inspector -General of…

Nigerian newspapers: 10 things you need to know this Saturday morning

Good morning! Here is today’s summary from Nigerian Newspapers: 1. The Naira on Friday sustained its gains against the dollar as liquidity boost by the Central Bank of Nigeria, forcing a crash in the price of the dollar. The Nigerian currency exchanged for N460 to a dollar at the parallel market, gaining 40 points from…

PDP CRISIS: Sheriff consults ‘Mr Fix it’ Anenih

Factional chairman of the Peoples Democratic Party (PDP) Sen Ali Modu Sheriff on Friday paid a visit to a founding member of the party, Chief Tony Anenih. Sheriff who recently got the stamp of a Court of Appeal affirming him as the authentic national chairman of the party said the visit was to seek advice…

Lagos retains Fitch B+ outlook in 2016 despite recession

An international rating agency, Fitch Ratings, has stated that Lagos State’s long-term foreign and local currency Issuer Default Ratings (IDRs) outlook for 2016 was retained at B+, which the state also recorded in 2015, despite Nigeria’s recession. But Lagos, which Fitch Ratings uses as a benchmark for assessing Nigeria as a country on its index…

ALLEGED N40bn FRAUD: Ex-customs boss, Dikko, forfeits 17 luxury vehicles to FG

Former Customs boss, Abdullahi Dikko, who is currently embroiled in a N40billion fraud case is to forfeit 17 exotic vehicles recovered from a warehouse allegedly owned by him. The vehicles were seized February 20 by operatives of the Economic and Financial Crimes Commission (EFCC). The order of temporary forfeiture is the ruling of a Federal…

FG makes good its plan to overhaul NCAA, sacks all directors

Federal government’s promise to overhaul the operations of the Nigerian Civil Aviation Authority (NCAA) was made manifest Friday with the immediate sack of all directors in the service of the organization. The sack letters were administered on 10 directors namely, Alhaji Salawu Ozigi (Director of Finance and Accounts), Dr Joyce Nkemakolam (Director of Aerodrome and…

Nigeria suffers first loss over planned closure of Abuja Airport

An international conference meant to attract about $2.5 billion trade investment into Nigeria has suffered a three-month postponement due to the planned temporary closure of the Nnamdi Azikiwe International Airport, Abuja. Organisers of the Nigeria International Trade and Investment Conference (NITIC), in a statement signed by Mr Lukas Asimolokun on Friday said the event is…

FIFA President Infantino affirms he’s neutral in coming CAF elections

The president of the International Federation of Association Football (FIFA), Gianni Infantino, has stated he is ready to work with whoever emerges winner in next month’s Confederation of African Football (CAF) presidential elections. The 46-year-old football administrator played down the speculations from many quarters suggesting he’s strongly behind the opponent of the incumbent president, Ahmad…

Court grants Seun Egbegbe, accomplice N5m bail

Ebony Films Productions boss Olajide Oluwaseun Kazeem, better known as Seun Egbegbe and his accomplice Oyekan Ayomide have both been granted bail to the tune of N5 million by a Federal High Court sitting in Lagos. In his pronouncement while ruling on Egbegbe’s bail application, Justice Oluremi Oguntoyinbo said the suspect and his accomplice, who…

N3.4bn NIMASA FRAUD: EFCC lets 4 off the hook, reduces charges

The Economic and Financial Crimes Commission (EFCC) has told a Federal High Court in Lagos it is dropping corruption charges against four parties in a case of alleged fraud amounting to N3.4 billion. The commission had charged Patrick Akpobolokemi, a former Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), along with nine…

RIVERS RERUN: 28 INEC officials to be jailed if…

Indications emerged Thursday that 28 officials of the Independent National Electoral Commission (INEC) may face various jail terms if a guilty sentence is returned against them as soon as the Nigerian Police presses charges in the law courts. INEC Commissioner in charge of Voter Education and Publicity, Solomon Soyebi, served notice of the fate that…

43 ‘criminal’ Nigerians deported from 3 Europe arrive Lagos

The National Emergency Management Agency (NEMA) welcomed no fewer than 43 Nigerians who were deported for crimes like immigration offences and unruly behaviour from three European countries namely Germany, Belgium and Italy. The deported Nigerians, who are all male, arrived Murtala Muhammed International Airport in a Hi-Fly chartered Airbus 330 with registration number CS-TQW amid…

OSINBAJO: We need to work quickly to correct things

Vice President Yemi Osinbajo says the Federal Government is ready to walk its talk on the matter of making Nigeria a destination of choice in the area of conducting business. He reiterated government’s position just few days after the Presidential Enabling Business Environment Council, PEBEC, adopted a 60-day Action Plan to push Ease of Doing…

Two to be hanged for killing Bayelsa surveyor over boundary crisis

The killers of a surveyor in the employ of the Bayelsa government, who was on official duty when he was attacked, have been sentenced to death by hanging. Justice Nayai Aganaba, who presided over the case which was first brought before the court two years ago, upheld the prayer of the prosecution and ordered that…

Outrage as CBN reintroduces charges on cash deposits, withdrawals

In what looks like an anti people’s policy, the Central Bank of Nigeria (CBN) on Thursday announced the reintroduction of bank charges on certain categories of cash deposits and withdrawals. In a circular to all Deposit Money Banks, sighted by Ripples Nigeria, CBN said the decision to reintroduce the charges on cash deposits was part…

Bank directors responsible for 40% toxic debts –NDIC

The revelation that more than 40 per cent of Banks’ bad debts are caused by their directors has elicited some concerns among customers and other stakeholders. Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC) Umaru Ibrahim, had revealed that the banking industry indicated strong fundamentals in regulatory assessment and rating,as regulators were…

Sheriff, Makarfi take fight for control of PDP to Abuja Hqtrs

The national secretariat of Nigeria’s main opposition Party, Peoples Democratic Party (PDP), has become a bone of contention between rival factions led by Ali Modu Sheriff and Ahmed Makarfi. Shut in June 2015, the secretariat was flung open Thursday for use of the Sheriff-led faction, apparently in response to the Court of Appeal judgment that…

FG to float N20bn green bond in March, first in Africa

Acting President, Professor Yemi Osinbajo on Thursday affirmed that the Federal Government would next month float Africa’s first sovereign green bond to raise N20 billion debt capital for a basket of environment-friendly projects. Speaking at the investors’ conference on the green bond at the Nigerian Stock Exchange (NSE), Osinbajo, in company of many Ministers, said…

MASSOB: We’ll only allow 2018 census in Igbo land if….

Movement for the Actualization of the Sovereign State of Biafra (MASSOB) has stated that it would only take part in the proposed 2018 national census if certain conditions are met. According to the group, “MASSOB is considering allowing next year’s national census because of the intervention of some prominent Igbo leaders and with the conditions…

Tight security, as APC chiefs storm Ondo for Akeredolu’s swearing-in

The city of Akure, capital of Ondo State has been placed under tight security as chieftains of the ruling APC are expected to storm the town for the swearing-in of Rotimi Akeredolu as the new governor today (Friday) Akeredolu, a Senior Advocate of Nigeria (SAN) emerged winner of the November 26 governorship election in the…

Nigeria not doing enough to eradicate extreme poverty, hunger –AfDB

More than 30 per cent of countries in Africa, including Nigeria, are lagging behind in eradicating extreme poverty and hunger in the last five years. This is as a result of lack of formulating or implementing enough sustainable economic growth policies. But Africa still leads as the world’s second fastest growing region in poverty reduction,…

Europa: Spurs crash out, Lyon, others through to round-of-16

English top-flight side Tottenham Hotspur were knocked out of the Europa League as Gent held them to a 2-2 draw at Wembley on Thursday night. Spurs were1-0 down from the first leg of the last-32 tie, and needed at least two goal to none from their opponents to clinch a spot in the last-16, but…

Toxic agent used to kill Kim Jong-nam, Malaysia police say

Further investigation into the murder of Kim Jong-nam, the estranged half-brother of North Korean President Kim Jong-Un, reveals that VX nerve agent, a chemical on a U.N. list of weapons of mass destruction, was used to kill him. Jong-nam died after he was attacked with a chemical substance by two suspected female agents. Malaysia police…

SEC lifts suspension on Heritage Capital Markets

The Securities and Exchange Commission (SEC) Nigeria’s apex capital market regulator, has lifted the suspension on Heritage Capital Markets Limited and its directors, returning the firm to its position as a virile capital market operator. SEC in a circular, indicated it had “lifted the suspension of Heritage Capital Markets Ltd together with its directors and…

Nigerian newspapers: 10 things you need to know this Friday morning

Good morning! Here is today’s summary from Nigerian Newspapers: 1. Report says MTN Nigeria office in Abuja, the Nigerian capital, was invaded on Thursday afternoon by a group of angry Nigerians protesting the continued Xenophobic attacks on Nigerians and other Africans in South Africa. The group demanded among other things, immediate action by the SA…

NSE LIVE! Bargain-hunting spurs equities to N56bn gain

The tenuous market situation at the Nigerian Stock Exchange (NSE) broke into a visible rally on Thursday as bargain-hunters increased demand for value stocks in the key sectors of the economy. Benchmark indices at the Exchange showed average gain of 0.63 per cent, equivalent to a net capital gain of N56 billion, the first major…

Leicester City sack Manager Claudio Ranieri

The 2016 FIFA Best Manager of the Year, Claudio Ranieri, who won the English Premier League with Leicester City last season has been sacked by the club on Thursday. Ranieri’s departure comes just a day after a 2-1 defeat at Spanish side Sevilla in the first leg of their Champions League last-16 tie, as the…

EAGLES CALL UP: No Limits On China-Based Players –Rohr

Super Eagles coach Gernot Rohr has denied reports claiming that he has warned Nigerian players moving to China that players based in Europe will be given preference in the call for national duty. The reports which also stated that Rohr had set a limit to the number of players that can be invited from the…

Of 5% bargain-hunters & the London opera

By Louis Odion… Half a century ago, Major Kaduna Nzeogwu of the January 15 coup fame sneaked into the national lexicon the term “ten percenter” to describe the size of kickback demanded by politicians and other public officers then polluting the society. Over the years, descendants of “10 percent” would improve on their forbear’s technology…

Unlike 2016, 2017 budget is not padded, Akabueze assures

Director-General, Budget Office of the Federation, Mr Ben Akabueze, has refuted allegations that figures were inserted into the 2017 budget proposal before the National Assembly Addressing the media in Abuja on Thursday, Akabueze said his office had been inundated with series comments suggesting that like the 2016 Budget, the current budget proposal for 2017 had…

Senate orders Minister to throw out prostitutes, urchins from FCT

Senators on Tuesday, ordered the Minister of FCT to immediately commence the evacuation of prostitutes, street beggars and other criminal elements in the city to their respective states of origin. Addressing newsmen on Thursday, chairman of the Senate Committee on Federal Capital Territory (FCT) Senator Dino Melaye, alongside three other members, said activities of the…

MTN scared of reprisal attacks in Nigeria, alerts police

Palpable fear has gripped Nigerian based South African telecom company, MTN, over rumours of planned reprisal attacks by aggrieved Nigerian youths. This is as a result of the recent xenophobic attacks on some Nigerians in South Africa mid February 2017. The concern over the attack was expressed by a senior official of the company in…

With N254k salary, Saraki lodged N77m in account in one day –Witness

The trial of Senate President Bukola Saraki continued on Thursday at the Code of Conduct Tribunal (CCT) with more startling revelations being made by the prosecution. A prosecution witness, Mr Samuel Madojemu told the tribunal that Mr Saraki made cash lodgements into his bank accounts to the tune of about N77 million, even as his…

Customs break shops, seize 4,550 bags of rice, jerrycans of oil in Sango

The sleepy twin of Sango in Ogun state came under siege during the night from men of the Nigeria Customs Service. An operation by the customs officials from the Federal Operation Unit (FOU) of the Nigeria Customs Service, Ikeja, who were reportedly accompanied by soldiers attached to OP MESSA, saw the raiding of shops at…

GREECE: 52-yr-old cleric arrested for sexually abusing refugee children

Police authorities in Greece have arrested a 52-year-old French cleric for allegedly molesting and abusing unaccompanied refugee minors after offering them food and shelter. According to police reports, the cleric who belongs to the Franciscan Church of France allegedly molested four homeless Pakistani boys, aged 14 to 18 in his house in Thessaloniki, Greece’s second-biggest…

Nigerian Newspapers: 10 things you need to know this Thursday morning

Good morning! Here is today’s summary from Nigerian Newspapers 1. President Muhammadu Buhari has again spoken from his sick bed in London, assuring Nigerians that he is responding to treatment. Buhari, who spoke with Kano State governor, Umar Ganduje, thanked Nigerians for their prayers and support for his government while he was away. 2. Explosion…

Stella Oduah in trouble again, as court freezes 21 accounts

Former minister for Aviation, Sen Stella Oduah is once again in troubled waters, as a Federal High Court in Lagos has put a freeze on 21 bank accounts link to her and four companies. The court has placed an order restraining Oduah and the companies from making any withdrawal from the said accounts. The companies…

PDP CRISIS: Respect yourself, Sheriff tells Gov Fayose

Factional national chairman of the Peoples Democratic Party (PDP) Senator Ali Modu Sheriff has called on Ekiti state governor, Ayodele Fayose to “respect himself” and mind his utterances. Sheriff, who spoke when leaders of the party from the South-West paid him a solidarity visit, noted that Fayose’s utterances were capable of dividing the party further….

Man United advance to last-16 of Europa League

Leading 3-0 from the first leg, Manchester United eased into the last 16 of the Europa League with 1-0 victory over Saint-Etienne in the second leg of their round of 32 tie in France on Wednesday. The only goal of the match was scored by Henrikh Mkhitaryan in the 17th minute after finishing off a…

NSE LIVE! Equities on edge amidst selling pressure

Nigerian equities remained on a tight stretch on Wednesday amidst widespread selling pressure. With more than two decliners to every gainer, the market showed marginal decline of about N1 billion as continuing rally in breweries stocks moderated the decline. Aggregate market value of all quoted equities on the Nigerian Stock Exchange (NSE) slipped marginally from…

UCL: Porto lose to Juventus as Sevilla take lead against Leicester

Portuguese League side FC Porto fell at the Estádio do Dragão losing 0-2 to Serie A giants Juventus in the first leg of their Champions League knockout stage clash on Wednesday night. Substitutes Marko Pjaca and Daniel Alves struck goals within two minutes of one another as the Italian side punished 10-man Porto to take…

NPFL: Rangers, Wikki win, Rivers held as Ifeanyi Ubah lose

Reigning champions Rangers International recorded their second win of the season as they beat a 10-man Lobi Stars 2-1 in their Professional Football League fixture on Wednesday. Daniel Etor scored the opener for the Flying Antelopes. The visitors, however, rallied back and netted from the spot through Kingsley Eduwo in the 57th minute. Lobi Stars…

EFCC recovers 17 exotic cars from ex-customs boss Dikko (Photos)

The Economic and Financial Crimes Commission (EFCC) says it has recovered seventeen exotic vehicles from former Comptroller General of Customs, Abdullahi Dikko Inde The vehicles were found during a raid in a warehouse allegedly belonging to him located at Nnamdi Azikwe Street, Kaduna. The recovery was sequel to an intelligence the commission received that stolen…

FG to commit $500m eurobond to finance N4tn budget deficit, writes NASS

Acting President Yemi Osinbajo on Wednesday sought formal approval from the National Assembly to commit a $500million Eurobond for the financing of the country’s 2017 budget deficit estimated at N4.023trillion. Hopes of bridging funding gaps in the 2017 budget were recently raised when a $1billion Eurobond issued by the Federal Government was oversubscribed. In his…

Obanikoro fights back, sues EFCC, demands N100m

Former minister of state for defence, Sen Musiliu Obanikoro seems to have broken his silence, and is set to fight back against the corruption charges levelled against him. The former Lagos state governorship hopeful is dragging the Economic and Financial Crimes Commission before a Federal High Court in Lagos for seizing his property. He and…

PHOTOSCENE: Osinbajo sends off Minister Mohammed

The Acting President, Yemi Osinbajo on Wednesday held a valedictory session for out-going Minister of Environment, Mrs Amina Mohammed, at the Council Chamber, State House, Abuja. The session was part of the weekly Federal Executive Council (FEC) Meeting which had other ministers in attendance. The New UN Secretary-General António Guterres recently announced Mohammed as his…

Group petitions NBC to stop airing Big Brother Naija

Amid growing calls by Nigerians criticising the Big Brother Naija show over its immoral and explicit scenes, a non-governmental organisation identified as CitizenGO has called on the Nigerian Broadcasting Commission (NBC) to ban airing of the reality TV show. Before now, the group launched an online portal gathering votes and collection of signatures in a…

XENOPHOBIA: Nigerians in S’Africa may sue govt over $1.5bn losses

A number of Nigerians in South Africa affected by the recent xenophobic attacks say they may sue that country’s government. The group under the aegis of Nigerian Diasporas, South African branch, said they would take the action if victims of the attack are not compensated for their losses, which has been put at about $1.5…

Nick Cannon threatens to sue Nat’l Enquirer over article on his mental health

Hollywood comedian Nick Cannon is planning to sue the National Enquirer over an unpublished article which according to his findings questions his mental health and claims ex-wife Mariah Carey will petition for custody of their children. Cannon is threatening a slander and defamation lawsuit claiming that the article that is about to be published by…

2017 BUDGET: Defaulting MDAs to get zero allocations, Senate threatens

The Senate, on Wednesday warned that heads of MDAs who do not appear before the relevant committees for budget defence will have zero capital budget allocations. Spokesman of the Senate, Senator Abdullahi Sabi, issued the threat while speaking with newsmen after the day’s plenary. The Senate instructed Ministers and heads of Ministries, Departments and Agencies…

CAF CHAMPIONS LEAGUE: Rangers not afraid of Zamalek -Chukwu

Recently appointed Chief executive Officer and Manager of Rangers International FC, Christian Chukwu, has declared that his side are ready to face five-time African champions Zamalek in the first round of the CAF Champions League without fears. The reigning champions of Nigeria Professional Football League were drawn to the Egyptian giants after they advanced from…

It’s a lie, Buhari did not bribe Justice Ademola –Presidency

The presidency has refuted news reports that counsel to President Muhammadu Buhari, Kola Awodein, a Senior Advocate of Nigeria (SAN), gave Justice Adeniyi Ademola N500, 000. Special Adviser on media and publicity, Mr Femi Adesina described the assertions as malicious, utterly ridiculous, and revolting A prosecution witness, Mr. Babatunde Adepoju, while testifying before a High…

MISSING SOLDIER: Army begs Lagos residents for info

Spokesman of the 81 Division, Lt.-Col. Olaolu Daudu has urged members of the public, especially Lagosians to provide useful information to the Nigerian army over a missing officer. The officer was widely reported to have been kidnapped in Lagos Daudu said he went missing in action (MIA) during an ambush. While also assuring residents of…

PHOTOSCENE: Pharmacists visit IGP

The Pharmaceutical Society of Nigeria under the Chairmanship of Ahmed I. Yakasai recently paid a courtesy visit to the Inspector-General of Police, IGP Ibrahim K. Idris, in his office at the Nigeria Police Force Headquarters Abuja.   RipplesNigeria ….without borders, without fears Click here to download the Ripples Nigeria App for latest updates The post…

A yodel Fayose : A looming Presidency

For the umpteenth time, Ayodele Fayose the fastidious governor of Ekiti has reiterated his vision of emerging President of our fatherland. In his latest post, he talked about how it is his destiny and how despite being out of the Government House in Ekiti for eight years he eventually against all odds reemerged. This according…

Osinbajo, NASS may clash as Acting President rejects 4 bills

The Acting President, Professor Yemi Osinbajo, may be heading for a clash with the National Assembly over a number of bills sent to him for assent. Prof. Osinbajo, on Wednesday vetoed four bills, recently forwarded to the presidency for assent. Conveying the decision ‎of the Acting President to lawmakers in four letters, the Acting President…

Silicon Valley investor to storm Nigeria for next big tech start-ups

The MD of Techstars Atlanta Tyler Scriven is set to visit Lagos in his quest to find the next big Nigerian tech start-ups. His visit follows that of Facebook founder Mark Zuckerberg, 500 startups, and Y Combinator as Nigeria continues to welcome a number of high-profile Silicon Valley investors. Scriven will be travelling with the…

Nigeria adopts 60-day action plan on ease of doing business

A 60-day action plan on ease of doing business has been proposed by the Federal Government. If successfully implemented, the frustrations experienced by locals and foreigners in conducting their businesses might become a thing of the past. This indication emerged on Tuesday after a meeting of the Presidential Enabling Business Environment Council (PEBEC) chaired by…

Father of 9 docked for allegedly dumping daughter’s corpse in canal

A 49-year-old father of nine children identified as Adekunle Adewusi, was paraded before an Ebute Meta chief magistrate’s court on Tuesday for allegedly dumping the lifeless body of his 4-year-old daughter in a canal. According to the prosecutor, Sergeant Kehinde Omisakin, the suspect who resides at Folorunaho Kuku Street, Opebi, Ikeja, committed the crime on…

Nigeria shuns IMF, seeks $3.6bn loans from W/Bank, China

For insisting that Nigeria must officially devalue its local cuurncy, the naira, the Federal Government has closed all intention of seeking for loan facilities from the international financial institution. The country has instead gone for a total loan package of $3.6bn from the World Bank and China’s Export-Import Bank, according to the Finance Minister, Mrs….

Former Hong Kong leader jailed 20-months for corruption

A High Court Judge in Hong Kong has sentenced former leader Donald Tsang, 72, to 20 months in prison for corruption. He was accused of failing to disclose plans to rent a luxury apartment for his retirement from a businessman applying for a broadcasting license. While delivering his judgement, Andrew Chan, said it was a…

Ex-defence chief Badeh kept $1m cash in wardrobe, witness tells court

A prosecution witness on Tuesday told the Federal High Court in Abuja that ex- Chief of Defence Staff, Alex Badeh, kept $1 million in cash inside a wardrobe in his house.   Goji Mohammed, who is the 15th prosecution witness (PW15) to testify in Mr. Badeh’s ongoing corruption trial, disclosed that he was part of…

UCL: Atletico take lead against Bayer as Man City beat Monaco​

Spanish giants Atletico Madrid scored four away goals at the BayArena to take charge of their Champions League last-16 tie against German side, Bayer Leverkusen on Tuesday night. Goals from Saul Niguez, Antoine Griezmann left the home team to go in at the break with two goals behind, as the La Liga side dominated the…

Ifeanyi Ubah laments ‘controversial penalty’ against Al Masry

Patrick Ifeanyi Ubah, the owner of Nigeria Professional Football League side, Ifeanyi Ubah FC, has criticised the referee’s performance following his side’s defeat in their CAF Confederation Cup tie with Al Masry on Sunday. The Nnewi side were knocked out from the CAF Confederation Cup after losing to Al Masry 3-0 on penalties, having won…

Nigerian newspapers: 10 things you need to know this Wednesday morning

Good morning! Here is today’s summary from Nigerian Newspapers: 1. The Central Bank of Nigeria (CBN) on Tuesday carried out wholesale interventions in the interbank FOREX market by providing a total sum of $370,810,810.79 to 23 banks to meet the visible and invisible requests of customers. Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor,…

NSE LIVE! Breweries sustain modest rally at Stock Exchange

Nigeria’s two leading breweries, Nigerian Breweries (NB) Plc and Guinness Nigeria Plc braced up the overall market position at the Nigerian Stock Exchange (NSE) to a marginal gain of N1 billion after widespread selling sentiments nearly upset the positive market position that started the week. With nearly two decliners to one advancer, the underlying sentiment…

FG, states, LGs share higher revenue from federation account for January

A total of N465.15 billion, an increase of about 30 per cent from the last amount has been shared among the Federal, 36 states and local governments as allocation for January 2017, on Tuesday. A statement issued by the Federation Accounts Allocation Committee (FAAC) indicates that the gross statutory revenue received is N324.990 billion, which…

Jonathan did not endorse Sheriff – Aide

The office of former President Goodluck Jonathan has refuted reports that he endorsed Senator Ali Modu Sheriff as the Peoples Democratic Party (PDP) national chairman. A statement released by Dr. Jonathan’s media aide, Ikechukwu Eze on Tuesday, described the reported endorsement as mischievous and cautioned newsmen to ensure accurate and constructive reportage. Dr. Jonathan was…

Buhari’s lawyer gave Justice Ademola 500k during certificate saga –Witness

A prosecution witness, Mr. Babatunde Adepoju, while testifying before a High Court of the Federal Capital Territory, Maitama against Justice Adeniyi Ademola on Tuesday, revealed how President Muhammadu Buhari, during his certificate saga case, allegedly paid N500,000 to the embattled judge. Adepoju, is a Department of State Service’s (DSS’) investigator and the 16th prosecution witness…

Seun Egbegbe’s bail stalls, to remain in police custody

Serial fraudster Olajide Oluwaseun Kazeem, better known as Seun Egbegbe appeared in court today to hear his bail application before Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos. But his bail application was stalled because the police officer who would swear to the affidavit on his behalf was ill, meaning that the movie…

BOBRISKY: I’m not dating Tonto’s husband, Dangote is my target

Snapchat celebrity Idris Okuneye popularly known as Bobrisky has refuted claims making the rounds that he and designer stylist, Swanky Jerry are in a relationship with Tonto Dikeh’s husband, Olakunle Churchill. Bobrisky who until now did not respond to the claims even after Tonto’s husband had earlier debunked the rumours saying he has never been…

El-Rufai imposes fresh 24-hour curfew in troubled S’Kaduna

Kaduna State Security Council has following fresh attacks in Jema’a and Kaura local government areas of southern Kaduna State, declared a 24-hour curfew with immediate effect. Different communities in the two local government areas were invaded by gunmen suspected to be Fulani herdsmen on Sunday and Monday killing not less than 14 people and burning…

Federer clears air on his retirement, signs new 3-yr deal

Amid speculations that Roger Federer will retire after his Australian Open triumph earlier this year, the tennis great has committed himself to the sport for at least three more years, as he signs a new deal with the Swiss Indoors Basel until 2019. Recall that Federer, while receiving his trophy at Melbourne Park last month,…

Israeli soldier bags 18-months jail term for killing Palestinian

A military court in Tel Aviv has sentenced Elor Azaria, an Israeli soldier to 18-months in prison for killing a Palestinian, Abed al-Fattah al-Sharif as he lay on the ground incapacitated after being gunned down. Azaria was sentenced for manslaughter by judge Maya Heller who delivered the sentencing on Tuesday in a case that has…