Sunday, June 19, 2016
Friday, June 17, 2016
ATM Camera captures Face Of One Chance Robber In Lagos
Photos of Lawmakers Accused by the US of Sexual Offences
US Ambassador to Nigeria
Hon. MOHAMMED GOLOLO GARBA representing Gamawa of Bauchi State..http://www.nass.gov.ng/mp/profile/663 APC
Thursday, June 16, 2016
CBN Devalues the Naira.. What does this mean for you?
The Central Bank Governor has just announced a full float of the Naira in a press conference in Abuja. The CBN Governor informed a stunned audience that the exchange rate will be market determined and that the CBN will also participate in the market occasionally. The CBN also maintained that the 41 items banned last year for for access to forex for imports remained banned. The CBN has also appointed primary dealers for the first time which is expected to help boost FX liquidity in the market.
In a remarkable turn on events for a CBN Governor and Government that have for months held tightly to an artificial exchange rate, the CBN Governor also revealed that we will be operating a single market suggesting that we will no longer have two windows.
The CBN also introduced a two way quote which basically means that the market will act like the stock market where buyers and sellers will state price and quantity they are willing to sell.
The CBN Governor also confirmed that all the “pent up” demand awaiting to be filled (for example airlines looking to repatriate their dollars) will be met at the interbank market but advised caution for buyers looking to rush demand. In what was quite remarkable he clearly stated that the CBN has enough reserves to meet demand and is willing to put its reserves on the line.
The market will also include financial products such as futures where businesses who need dollars in the near distant future can now hedge buy buying at a price today but get the dollars delivered when they actually need it.
As per the new price of the Naira, the CBN Governor mentioned that the price will be known when the market opens officially on Monday
The implication of this could be wide-ranging. However, we can only but conclude that the end of the black market is near as anyone and everyone can now buy dollars at any bank or with authorized dealers at a price that is market determined.
Key highlights of the press briefing.
1. Market moving to single market through interbank via a Reuters / FMDQ order matching system with 10 primary dealers (2 way quote mechanism) and other secondary detailers.
2. Primary dealers will operate the interbank market. CBN may intervene from time to time
In a remarkable turn on events for a CBN Governor and Government that have for months held tightly to an artificial exchange rate, the CBN Governor also revealed that we will be operating a single market suggesting that we will no longer have two windows.
The CBN also introduced a two way quote which basically means that the market will act like the stock market where buyers and sellers will state price and quantity they are willing to sell.
The CBN Governor also confirmed that all the “pent up” demand awaiting to be filled (for example airlines looking to repatriate their dollars) will be met at the interbank market but advised caution for buyers looking to rush demand. In what was quite remarkable he clearly stated that the CBN has enough reserves to meet demand and is willing to put its reserves on the line.
The market will also include financial products such as futures where businesses who need dollars in the near distant future can now hedge buy buying at a price today but get the dollars delivered when they actually need it.
As per the new price of the Naira, the CBN Governor mentioned that the price will be known when the market opens officially on Monday
The implication of this could be wide-ranging. However, we can only but conclude that the end of the black market is near as anyone and everyone can now buy dollars at any bank or with authorized dealers at a price that is market determined.
1. Market moving to single market through interbank via a Reuters / FMDQ order matching system with 10 primary dealers (2 way quote mechanism) and other secondary detailers.
2. Primary dealers will operate the interbank market. CBN may intervene from time to time
Wednesday, June 15, 2016
Ngozi Okonjo-Iweala Spends Birthday with Students of Karonmagaji Village School In Abuja
She was accompanied to the school by Oke Peace and Light Foundation.
Throwback. Watch Sunday Oliseh's World Cup Stunner Goal [VIDEO]
From a losing position, Nigeria grabbed a 3-2 win over Spain courtesy a stunning long range shot from Sunday Oliseh that left Spain goalkeeper Zubizarreta perplexed 12 minutes from time. Nigeria later exited the tournament after losing 4-1 to Denmark in the second round. Watch the goal after the cut…
Man Electrocuted to Death while stealing Electric Cables [PIC]
Kachikwu meets Governor Dickson over Niger Delta [PICS]
The Minister of State Petroleum Dr. Ibe Kachikwu, Special Adviser to the President on Niger Delta and Coordinator of the Presidential Amnesty Programme Rtd. General Paul Boroh, meets with His Excellency Rt. Hon. Henry Seriake Dickson.
The Minister stressed the position of the Federal Government and the need for dialogue as a means towards peace and stability in the Niger Delta region.
Prostitute laments as Fiance runs away with her N.5 million
A prostitute , who gave her name simply as Becky, yesterday broke down and wept after the man who promised to marry her, disappeared with her N580,000, at the Ajegunle area of Lagos State.
According to Becky, who had gone to report the matter to the police, the N580,000, was money she had saved, which the fleeing suspect, Stephen Onyeukwu, ought to use to pay her bride price.
According to Becky, who had gone to report the matter to the police, the N580,000, was money she had saved, which the fleeing suspect, Stephen Onyeukwu, ought to use to pay her bride price.
Tuesday, June 14, 2016
BREAKING: OJB Jezreel passes on after Kidney failure
Nigerian producer OJB Jezreel has passed on.
According to multiple reports he died a couple of hours ago after his kidney failed last week.
Nollywood Icon, Regina Askia and her daughter visit Mum in Akwa Ibom [PICS]
Hilarious and Shocking signpost spotted in Bauchi
This shocking sign was spotted in Bauchi state.
The sign make wrote bomb instead of bump :)
"I'm done with Flavour, Moving on with my Life" - Anna Banner announces break up with Flavour
Anna you went on a rant on Saturday and your posted meme suggested your relationship with the father of your child is troubled. Wanna talk about it?
First of all,Flavour and I are no longer together. Secondly,my post has/had nothing to do with flavour. It was just a beautiful write up that made sense to me and i decided to share it with my fans.
(Eyes widened sharp sharp)
You and flavour are no longer together? When did this happen and why? Pardon my asking.
Yes we are no longer together. I made this decision recently. I spoke to myself and decided it was time to move on and focus on my future and career.
Saturday, June 11, 2016
Ondo State is Broke, we cannot pay salaries - Mimiko
Ondo State Governor Olusegun Mimiko announced on Thursday that the State government is “broke” and therefore cannot afford to pay the striking civil servants’ their salaries.
Mr. Mimiko announced this while addressing the protesting workers, explaining that the State treasury is empty and that the government is struggling to survive.
“So, we can no longer pay salaries, even when they are due,” the embattled governor said to the workers.
Policeman killed by Mob in Edo State after he allegedly shot dead an Okada man.
Nigerians not buying fuel as they used to, using ridesharing - Forte Oil CEO Complains
Following the recent adjustment of the price of petrol to N145 per litre by the federal government, sales of the product have drastically reduced by about as much as 40 per cent, according to the Chairman, Major Oil Marketers Association of Nigeria (MOMAN) and Group Chief Executive Officer of Forte Oil Plc, Mr. Akin Akinfemiwa.
It also emerged yesterday that as the National Bureau of Statistics (NBS) prepares to release inflation figure for May 2016 next week based on the bureau’s data release calendar, the Consumer Price Index (CPI) has been predicted to hit 14.7 per cent.
AMAZING! Nigerian Transforms Motorcycle into Gigantic High Heel Shoe [PIC]
Danladi Ibrahim, 23, was born and brought up in Unguwan Rimi area in Kaduna metropolis, to the family of a bicycle repairer.
At the age of seven, after school he went to his father’s shop and watched how he repaired different bicycles. He soon developed interest and began to assist his father. But it was not that easy. Every time his father sent him away, he always returned, more determined than ever, until his father relented.
Nigerian Banks agree to suspend mass layoffs
The Nigerian Bankers’ Committee at their 327th meeting in Abuja on Thursday has finally agreed to halt the spate of recent mass sack in the industry. They were also briefed by the Central Bank of Nigeria (CBN) that framework for the much awaited flexible exchange rate would be released very soon.
In addition, representatives of the bankers and CBN who briefed reporters at the end of the meeting equally disclosed that modality for the establishment of National Collateral Registry has been completed by the apex bank and it will soon be published.
Those who briefed the press included Mrs. Tokunbo Martins, CBN Director of Banking Supervision; Bola Adesola, Managing Director of Standard Chartered Bank; Philip Odozua, Managing Director of UBA; Emeka Emuwa who is Managing Director of Union Bank and Isaac Okoroafor, acting Director of Communications of the CBN.
In addition, representatives of the bankers and CBN who briefed reporters at the end of the meeting equally disclosed that modality for the establishment of National Collateral Registry has been completed by the apex bank and it will soon be published.
Those who briefed the press included Mrs. Tokunbo Martins, CBN Director of Banking Supervision; Bola Adesola, Managing Director of Standard Chartered Bank; Philip Odozua, Managing Director of UBA; Emeka Emuwa who is Managing Director of Union Bank and Isaac Okoroafor, acting Director of Communications of the CBN.
Friday, June 10, 2016
See the FULL list of Buhari's Ambassadorial Nominees
The list of ministerial nominees are:
1. Obinna Chukwuemeka
2. Salisu Umoru
3. Iyang Udoh Iyang
4. Okeke Vivian Nwanaku
5. Niman Munir
6. Edem Jane Ada
7. Muhammed Hassan Hassan
8. Martin Young Cobham
9. Janet Molegbo Olisah
10. Itegbuoye Sunday
Thursday, June 9, 2016
Dapper Windscreen cleaner Abdulahi Olatoyan shines in Photoshoot, featured in La Mode [PHOTOS]
Remember dapper windscreen cleaner Abdulahi Olatoyan whose story went viral?God has been answering his prayers.He is featured in La Mode Magazine.
Fake Policeman who makes N10,000 daily arrested! [PHOTO]
The Lagos State Command of NPF has arrested one Austine Okwuokei (seen in photo) at Costain Roundabout, Iponri in the morning of 1st June, 2016 while extorting money from motorist under the pretence of being a policeman.
Investigation carried out revealed that the said Austine makes up to Ten Thousand Naira (N10,000) daily from his illegal activities which has painted the police in bad light as his victims saw him as a genuine policeman. Arrangements have been concluded to charge the suspect to court accordingly.
Investigation carried out revealed that the said Austine makes up to Ten Thousand Naira (N10,000) daily from his illegal activities which has painted the police in bad light as his victims saw him as a genuine policeman. Arrangements have been concluded to charge the suspect to court accordingly.
Oooni of Ife, Aregbesola and Ogbeh launch Cashew Plantation in Osun
The Minister of Agriculture conducted the official inauguration of cashew plantation in the state to facilitate the efforts of the Federal Government in diversifying the economy of the country. It was learnt that the Federal Government wished to do the same across the country but Osun was the first to embrace the initiative.
Senate summons Ngige over threat to banks
The senate has summoned Chris Ngige, minister of labour and employment, over his threat to withdraw the license of any bank that retrenches its staff.
Rafiu Ibrahim, chairman senate committee on banking, insurance and other financial institutions, hinted the decision of the senate in a point of order he raised on the matter on the floor of the senate on Wednesday.
NABBED. Benue Students arrested for defrauding Prof of N250,000
The Economic and Financial Crimes Commission EFCC on Tuesday, June 7, 2016, arraigned the duo of James Ogwuche Alex and Oklewu Ene Gina before Justice B.O Quadri of the Federal High Court,Port Harcourt, Rivers State on a 2-count charge of conspiracy and obtaining by false pretence to the tune of Two Hundred and Fifty Thousand Naira only (N250, 000).
Eucharia Anunobi takes the gospel to Sweden! [PHOTOS]
Veteran Nollywood actress turned Pastor Eucharia Anunobi has taken her ministering job to Sweden.She was pictured preaching at a church in Sweden.Speaking while ministering,she said......
Kaduna Governor, El Rufai Visits carpenter attacked by muslim youths for not fasting
The incident which almost claimed the life of Emmanuel happened at Sokoto Road, Kakuri on Tuesday at about 2:30pm and was rushed to the St. Gerald Catholic Hospital, Kakuri for medical treatment.
Emmanuel was badly injured during the incident, sustaining deep machete cuts on various parts of his body.
Man survives accident and does this... [PHOTOS]
The wreckage of the crash is seen right behind the man in these photos.
He reportedly survived the ordeal miraculously without a scratch even though the vehicle was a total wreck.
Wednesday, June 8, 2016
BANK SACKS. Ngige threatens to withdraw Bank licenses.
GENEVA – The Federal Government, Tuesday expressed shock that employers in the financial sector, especially banks were breaching its directives to stop further retrenchment, threatening to withdraw the operating license of any bank or telecommunication company that breached its directive to stop mass sack of workers.
FG orders Immediate Withdrawal of Troops from Niger Delta, as negotiations commence
The Nigerian government has ordered the immediate withdrawal of troops from communities in the Niger Delta region, amidallegations of a heavy-handed military response to renewed attacks on oil and gasinstallations in the area.
A new group called the Niger Delta Avengers has declared war on the installations, vowing to ground Nigeria’s oil production.
Ekiti Teacher caught stealing Pot of Amala to feed her children...as salaries remain unpaid
THERE was drama in Igede Ekiti, the headquarters of Irepodun/Ifelodun Local Government Area in Ekiti State, on Sunday after a teacher (name withheld) stole a pot of amala (yam flour meal) from a neighbour’s flat.
The incident, which happened at Odogede area of the town at about 1.30pm, caused a stir among the locals who sympathised with the teacher, who works at Ekiti Baptist High School.
It was gathered yesterday that the incident happened in a building made up of three flats.
A source, who lived within the vicinity where the incident happened, said: “The incident happened at about 1.30pm on Sunday when majority of the residents had arrived from their churches and the teacher could not go to church because of the prevailing condition.
BREAKING! Stephen Keshi, former Super Eagles Coach & Player dead at 54. [Details of cause of death]
Late Stephen Keshi
Stephen Keshi, former Super Eagles captain and coach has died at the age of 54 in Benin City, Edo state.
Keshi is reported to have died as a result of a cardiac arrest in the early hours of Wednesday morning.
According to his family, Keshi has been mourning the death of Kate, his wife of 35 years who lost her battle with cancer in 2015.
Tuesday, June 7, 2016
Nigerian scientist awarded highest research honour by Barack Obama
A Nigerian professor in the United States, Prof. Deji Akinwande has received the 2016 Presidential Early Career Award for Scientists and Engineers (PECASE) from President Obama, the United States government’s highest honor for scientists and engineers in the early stages of research.
Sunday, June 5, 2016
Niger Delta Avengers deny killing soldiers, promises to deal with those who did
Niger Delta Avengers, the militant group responsible for renewed hostilities in the Niger-Delta region, on Thursday condemned the killing of military personnel in the area, promising the victims’ families that those responsible for the heinous act would be “brought to book.”
The condemnation followed accusations that the group was responsible for attacks on a military houseboat in Ejere, a creek in Warri South Local Government Area of Delta State, which left at least two soldiers dead.
The condemnation followed accusations that the group was responsible for attacks on a military houseboat in Ejere, a creek in Warri South Local Government Area of Delta State, which left at least two soldiers dead.
Saturday, June 4, 2016
BREAKING: Gunmen Invade Governor Ambode Mum's home, dispossess security of Arms
Heavily armed gunmen on Friday evening invaded the residence of Christianah Ambode, the mother of Lagos State governor, Akinwunmi Ambode, disarming the octogenarian’s police detail in an apparent attempt to abduct her, PREMIUM TIMES sources said.
The incident occurred at 24 Oguntona Crescent, Gbagada Estate I, Lagos at approximately 7:30 p.m., neighbours said.
The police officers manning Mrs. Ambode’s home were “overpowered and dispossessed of their rifles,” sources said.
Friday, June 3, 2016
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