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CBN: Why the naira is gaining momentum

The Central Bank of Nigeria (CBN) said the recent appreciation of the Naira against other currencies was the result of its market monitoring and intervention. The acting Director, Corporate Communications of the CBN, Mr Isaac Okorafor on Thursday in Sokoto refuted the claim that the allegations by Mr Babatunde Gbadamosi ...

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MMM pockets N18 billion from three million Nigerians

Popular Phonzi scheme, Mavrodi Mundial Movement (MMM) bolted with N18 billion belonging to three million Nigerian investors, the Nigerian Deposit Insurance Corporation (NDIC) said on Thursday. Alhaji Umaru Ibrahim, the Managing Director of NDIC said at the 38th Kaduna International Trade Fair organised by the Kaduna Chambers of Commerce, Mines ...

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Mike Pence in private email saga as US governor

US Vice President Mike Pence used a private email account for matters of public business as governor of Indiana, US media reported Thursday. Emails obtained by that state’s daily Indianapolis Star newspaper showed that Pence used the private account — which the paper said was hacked last summer — to ...

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Luis Enrique to quit Barcelona post

Barcelona coach Luis Enrique’s decision to remove any suspense over his future by confirming he will step down as coach after three trophy-filled but turbulent seasons at the Camp Nou at the end of the campaign was met with surprise on Thursday. “Goodbye leader,” said the front page of Barcelona ...

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Buhari administrations reveals new business model for refineries

The Buhari Government has approved the implementation of a new commercial model targeted at attracting investors in the restoration of the nation’s three refineries. Mr Anibor Kragha, Chief Operating Officer (COO) Refineries, Nigerian National Petroleum Corporation, NNPC, said this on Wednesday in Abuja at a plenary at the ongoing 2017 ...

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Nigeria eases visa processes for foreigners

With an eye on boosting the economy, Nigeria has eased the visa processes for foreigners who wish to visit Nigeria for business and tourism, by removing some of the bureaucratic bottlenecks. Nigerians are also beneficiaries of the review. Henceforth, passport re-issuance has been decentralized and Nigerians do not any longer ...

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Obasanjo: Whatever anybody says, Buhari has not disappointed me

Former President Olusegun Obasanjo says that the current Nigerian leader, Muhammadu Buhari, has not disappointed him since he assumed office in 2015. Obasanjo stated this in an interview with the News Agency of Nigeria (NAN) at his hilltop residence in Abeokuta. While reflecting on the Buhari administration since 2015, Obasanjo ...

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