•Naira appreciates as external reserves fall to $42.1bn
By Babajide Komolafe
THE rise in the cost of funds in the interbank money market last week will be reversed this week due to inflow of N606 billion inflows from maturing treasury bills (TBs) (CBN)
Last week average short term cost of funds rose by 186 basis points (bpts) due to outflow of N549.03 billion comprising N100 billion outflow for foreign exchange purchase, N146.61 billion outflow through FGN bond sales by the Debt Management Office (DMO) as well as N302.42 billion liquidity mop-up by the CBN through secondary market (Open Market Operations, OMO) TBs last week.
Reflecting … >>> Read Full Story
Super Falcons forward, Asisat Oshoala, was on target for Barcelona Ladies, as they claimed a 2-0 away win over Sevilla, in their Liga Iberdola clash on Sunday afternoon.
Oshoala who grabbed a brace in a 6-1 demolition of Atletico Madrid last weekend, scored three minutes from time to seal victory.
Jenni Hermoso had opened scoring in the 39th minute of the encounter.
The Nigerian star now has three goals for Barcelona this season.
Barcelona remain on top of the table with 10 points from four matches.
Oshoala has scored 22 goals in 20 matches since joining last season.
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Former Aviation Minister, Femi Fani-Kayode says he weeps for Nigeria because of the way things have degenerated in the country.
He said on Monday that in the last few days happenings in the nation called for weeping.
“First is the discovery of a slave camp in Kaduna where, in the name of Koranic school, 500 children are incarcerated, chained up, tortured and subjected to sexual abuse.
“Second is the abduction and selling into slavery by ISWA “bandits” of 25 Nigerians from Katsina in Burkina Faso.
“The “bandits” said they sold them into slavery in a foreign land because their relatives in Nigeria “could … >>> Read Full Story
Bayelsa State Governor, Seriake Dickson, has accused oil companies in the Nigeria of outsourcing terrorism to the candidate of the All Progressives Congress (APC), Chief David Lyon, through pipeline security and surveillance contracts.
The governor said that the oil firms were giving out surveillance contracts to outlaws in the oil-producing communities created and sustained by them.
Dickson made the comment while speaking with some editors of national newspapers on political happenings especially the forthcoming gubernatorial election in Bayelsa State in Lagos on Friday.
The governor said that the oil firms were exhibiting a mafia-like grip on the oil producing communities in the state … >>> Read Full Story
THERE have been claims and counter-claims over the years of alleged moves to Islamise the country. Ironically, some Muslims in the Western part of the country also believe this. The rise of Boko Haram when it initially turned churches into ruins was seen as proof. But soon, it became clear that the Boko Haram terrorists were out to destroy all churches and mosques that do not belong to them. They attacked, kidnapped and killed those who do not belong to them whether Christian or Muslim. Then, even those who loudly wailed the war against Boko Haram was a guise to wipe out Muslims, … >>> Read Full Story
Sadly, Nigerians will humour themselves once more as usual,celebrating the anniversary of our independence from Britain. Political, religious, opinion and business leaders will trump our achievements in 59 years, that earned us the unfortunate sobriquet of MOST CORRUPT country in the world.
A sad tale of missed opportunities, brazen mismanagement, bad leadership and mutually destructive hate, defines the painful story of Nigeria at 59.
Nigeria held better promise than Philippines, Indonesia, South Korea, Malaysia, South Africa, Ghana etc by 1960.
Ethnic divisions, military intervention, poor governance and the emergence of a predatory political class that thrives on the sheer exploitation of religious and regional differences … >>> Read Full Story
Chido Onumah: DSS says he was picked to save him from mob attack
The Department of State Services (DSS) has denied ever arresting journalist and rights activist Chido Onumah, but rather it tried to save him from a possible mob attack.
After more than 12 hours of silence since news of Chido Onumah’s arrest broke, the DSS said this morning that what it had with the activist was ‘an interaction’.
“He was rather engaged in an interaction during which an act of his capable of undermining public order and national security was explained to him”, said spokesman Dr. Peter Afunanya, in a statement on Monday.… >>> Read Full Story