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‘Make naira convertible international currency’

May 23, 2017 admin 0

Naira

• CBN ex-official seeks investment in infrastructure to tackle unemployment

A former Deputy Governor of the Central Bank Of Nigeria (CBN), Dr. Obadiah Mailafia, has called on the Federal Government to take measures that will make naira convertible international trading currency.

Mailafia made the call in an interview with the News Agency of Nigeria (NAN) in Abuja yesterday. He recalled that about 40 years ago, naira was accepted abroad for trading and other purposes. “In the 70s, Nigerians were spending naira in London. It was accepted.

“The situation has changed that even in Benin Republic, they don’t accept naira. “We need to restore the purchasing power, the honour and dignity of the naira as our proud currency and the symbol of national honour,’’ he said.

Mailafia, therefore, urged the government to begin the efforts that would shore up the value of the currency so that it could be acceptable internationally in the next decade.
In strengthening the naira, he said vigilan..

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Don faults FG on direct sale of electricity to end-users

May 23, 2017 admin 0

Minister of Works, Power and Housing Babatunde Fashola

A Professor of Energy and Electricity Law, Yemi Oke has, faulted the Minister of Power, Works and Housing, Babatunde Fashola’s decision to break the monopoly of power distribution being enjoyed by the electricity Distribution Companies (DisCos).

Fashola had given power Generating Companies (GenCos), the freedom to sell generated power directly to four categories of end users effective from May 15th apparently to halt the problems associated with going through the DisCos.

Oke said that even though it is right, it was ill-timed considering the fact that the minister had not been favourably disposed to what the DisCos are doing, most especially their umbrella association, Association of Nigerian Electricity Distributors (ANED).

In a statement, he said: “The Minister of Power got it wrong in declaring that certain categories of ‘Eligible Consumers’ may buy power directly from Gencos.
“This would appear to us industry experts, to be..

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Axa Mansard assures shareholders of improved performance, dividend

May 23, 2017 admin 0

AXA Mansard Insurance

Axa Mansard Insurance Plc has assured shareholders of the firm’s resolve to continually exceed stakeholders’ expectation through improved performance and good dividend payout.

Besides, the company’s shareholders approved the firm’s 5 kobo dividend for the 2016 financial year. Reviewing its performance during its yearly general meeting in Lagos, the chairman of the firm, Olusola Adeyeye, noted that the company recorded 25 per cent growth in gross written premium from N16.6 billion in 2015 to N20.7 billion during the year under review.

The growth, according to him, was due to customers’ renewals on large tickets transactions and new business acquisitions in the health business. He explained further than profit before tax also rose to N3.1 billion, which represents 53 per cent rise when compared to N2.12 billion achieved during the corresponding period in 2015. He added that profit after tax also increased from N1.7 billion to N2.7 billion.

The Chief Executive Of..

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I’ll resign if Nigeria continues fuel importation by 2019 – Kachikwu

May 23, 2017 admin 0

Minister of state for Petroleum Resources Dr. Ibe Kachikwu said he will quit from the government if he fails to deliver on the promise to end fuel importation in Nigeria by 2019. Speaking in an interview on BBC World Service programme, HardTalk, on Monday, Kachikwu vowed he would deliver on the refineries and that he […]

I’ll resign if Nigeria continues fuel importation by 2019 – Kachikwu

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KNSG partners World Bank to construct feeder roads in rural communities

May 23, 2017 admin 0

Kano state government has partnered with the World Bank and the African Development Bank to construct over 1000km of rural access roads across 38 local government areas of the state. The project was aimed at improving accessibility and the general living condition of the rural populace in the state. Speaking during the revalidation of reports and identification of […]

KNSG partners World Bank to construct feeder roads in rural communities

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Former governor visits IPOB leader Nnamdi Kanu (photos)

May 23, 2017 admin 0

The leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has been receiving quite a number of visitors ever since he was released from Kuje prison. One of such is Ikedi Ohakim, the former governor of Imo state.
Ohakim today, May 22, paid a visit to the leader of the Indigenous People of Biafra at his home town in Isiama Afara Ukwu Umuahia Ibeku in Abia state.
NAIJ.com also gathered that popular Nollywood actor, Jim Iyke was also present as he served refreshments to the guests.
READ ALSO: Ekiti 2018: I will contest to complete my first term – Fayose

Earlier in the day Kanu, received veteran Nollywood actors in his compound. It was reported that Ofiafuluagu Mbaka, Steve Eboh and others paid a visit to the Biafra leader in his home.
While the issue being discussed was not made public, they took pictures after the meeting.
See photos below:
Former Imo state governor, Ikedi Ohakim exchanging pleasantries with IPOB leader

Former Imo state governor today, paid IPOB leader, Nna..

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Troubles in petroleum sector: Kachikwu threatens to resign

May 23, 2017 admin 0

– Dr Ibe Kachikwu has threatened to resign if Nigeria is still importing fuel by 2019
– The minister of state for petroleum resources says the government will deliver on its promise regarding refineries
– Kachikwu said he has been able to get refineries back to produce 7million litres of petroleum product, since he assumed office
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that if fuel importation continues in Nigeria till 2019, he will thrown in the towel.
Kachikwu stated this during an interview on BBC World Service programme, HardTalk, on Monday, May 22.
He promised to deliver on the refineries and said he was committed to also delivering a future for oil for Nigeria.
In reaction to a question about when the country was going to be self-sufficient in terms of refining petroleum, Kachikwu said 2019 is the target.

He stressed that the government has put a date to fix the issues within the sector, and working towards the set date.
The Minister also said tha..

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Emenike’s Goal Drought Reaches Seven Months As Fenerbahce Win

May 23, 2017 admin 0

By Johnny Edward:

Nigerian striker Emmanuel Emenike’s seven-month goal drought for his Turkish club Fenerbache continued in Monday’s 2-1 league win over Genclerbirligi, reports Completesportsnigeria.com.

The drought is his longest ever since he started his European career with Karabukspor of Turkey in 2009.

Emenike, 30, replaced match hero Robin Van Persie, who scored a brace, in the 80th minute of the encounter for the Nigerian’s 15th appearance of the campaign.

The former Nigerian international has failed to score in his last 16 games in all competitions for the Yellow Canaries who are third in the Turkish Super Lig table with 60 points from 32 games with two games left to play.

The former Nigerian international has scored seven goals in 25 matches in all competitions so far this term but last found the back of the net seven months ago for the Yellow Canaries when he was the match hero for his side in their 1-0 win over Konyaspor in October 24, 2016.

The post Emenike’s Goal Dro..

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Brown Ebewele Returns To AFN 19 Years After

May 23, 2017 admin 0

Former national Decathlon champion Brown Ebewele is back on the board of Athletics Federation of Nigeria (AFN) following Monday’s election by technical officials of the federation to choose a representative into the board.
Ebewele, fondly called Jujuman by Nigerian athletics followers, polled a total of 31 votes,12 more than his nearest challenger, reigning Nigerian record holder in the 400m hurdles, Henry Amike.
The loss by Amike effectively ended his AFN presidential ambition.
The Edo state-born Ebewele was the technical committee head in his first stint in the AFN and looks set to return to that position 19 years after under Tony Urhobo who was president between 1997 and 1998.
Ebewele’s election, celebrated by local athletics watchers, has increased the number of people who have either been voted or nominated into the in-coming board of the AFN to five.
Former national triple jumper queen and record holder, Rosa Collins, who is one of the favourites for the AFN presidency, leads the..

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Presidency finally reacts to death rumour, reveals Buhari’s true state of health

May 22, 2017 admin 0

– The presidency spoke out concerning the news of President Muhammadu Buhari's alleged death as further speculated by a British politician
– Garba Shehu released a series of tweets stating the true position of the situation of the president who is in London
The information revealed by British politician Eric Joyce that Nigeria’s President Muhammadu Buhari is dead is not true, the presidency has revealed.
NAIJ.com reports that Buhari returned to London recently for medical checks. Many Nigerians have been calling for prayers for him since then.
READ ALSO: Aisha Yesufu is painting BBOG in bad light, she needs to step aside – Onochie
In reaction to the alleged rumour started by Joyce, who picked it from a fake UK Metro, the presidency has spoken out asking the Nigerians to disregard it since Buhari is alive.

President Buhari left for London recently on medical vacation
In a series of tweets by Buhari’s spokesperson, Garba Shehu, the presidency described the information as plain lie..

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