=>CBN Claims Responsibility For Parallel Market Crash- Guardiannews
are strong indications that the efforts of the Central Bank of Nigeria
(CBN) to stabilise the Naira may have started yielding positive
results, as the “first test-run” of the measures has hit the
Top sources at the apex bank who pleaded anonymity,
yesterday, said that the deployment of a number of measures by the
institution had proved that turning the tide in the forex market is not
impossible, especially with the “severe punishment suffered by
currency hoarders and speculators” on Wednesday.
It will be
recalled that the CBN had said that speculators were behind the market
burble, which made a mince-meat of the Naira, sending it crashing to an
all-time low of N400 to the dollar.
A source said even
though the rates at the parallel market may fall again as speculators
may persist, they will only be “gambling” with what is left of
Wednesday’s loss, which they will eventually lose with further “strike”
from the plans.
The naira’s exchange rate to the
dollar had on Wednesday assumed multiple pricing trend at various
centres across the country, with the lowest price at N220 to the
dollar, while the highest was N300.
“Some parallel market
operators revealed that they bought from sellers at the rate of N272
and sold at N295. A good number of the sellers who had suffered huge
losses confessed that they had bought at the rate of N380 hoping to
sell at N400 before the sudden turn in fortunes,” one of the officials
But with the return of speculators to mop up “cheap” dollar
at the parallel market yesterday, the exchange rate of the naira to
the dollar immediately rose to N330.
The acting President of the
Association of Bureau De Change Operators of Nigeria, Alhaji Aminu
Gwadabe, said: “Hoarding and speculative activities have returned to
the market almost immediately, pushing down the naira’s value again.”
=>USA Reduces Aid To 1.9m Nigerians Living With HIV Over Gay Support-Vanguard
ABOUT 1,884,618 Nigerians living with Human Immuno Virus, HIV, risk
death if the Federal Government refuses to provide N58 billion for Anti
Retroviral Therapy, ART, for their treatment.
About 95 percent
of the infected patients largely depend on the ART from the United
States, US, government and Global Fund, which has been drastically
scaled down as a result of Nigeria’s refusal to accede to gay union.
was as revealed, Tuesday, by Rep Afe Olowookere, who made the
revelation in his presentation on behalf of House Committee on HIV/AIDS.
further disclosed that support from the US government and the Global
Fund are massive as both are responsible for about 95 percent of the
national HIV/AIDS treatment programme in the country.
He said: “Presently, the US government has scaled down its scale-up of service in the remaining 737 Local Government areas.
addition, the US government has also withdrawn support for laboratory
services which the people living with HIV, PLWHIV, on ART requires to
conduct periodically to monitor their state of health.”
provision for HIV/AIDS activities to NACA under the 2016 budget proposal
is only N1.5 billion, a significant reduction from the N10 billion
given to it last year under the Subsidy Reinvestment Programme, SURE-P.
said to achieve the 2030 global target for 90-90-90, the Federal
Government must put more money into the national response to AIDS, else
the country risks another wave of HIV/AIDS epidemic.
READ FULL NEWS
=> 2016 JAMB UTME Scores Will Be Released In 30 Minutes – Ojerinde-Campusportalng.com
Registrar of the Joint Admissions and Matriculation Board, JAMB, Prof.
Dibu Ojerinde has stated that candidates participating in the 2016
Computer based Unified Tertiary Matriculation Examinations, UTME, will
get their results after 30 minutes of the examination.
to reporters ahead of the examination, Ojerinde said that candidates
will receive a graphical result of the test via SMS on their mobile
phone numbers which they provided during registration.
the JAMB boss added that the specific scores will be released within the
period of four days and would be checked online.
statistics of UTME registration, Ojerinde said there had been a steady
decline since 2013 when the CBT was introduced.
In 2013, about
1.7 million people registered for UTME, in 2014, the number fell to 1.6
million, while about 1.4 million registered in 2015 examination.
However, this year the numbers of candidates who registered has increased to over 1.5 million.
=>UK says it’s ready to recover Nigerian stolen funds-Vanguard
Kingdom has stated that it is working with the Nigerian government for
recovering looted funds. Paul Arkwright, the British High Commissioner
to Nigeria, has said that the UK government had no plan to keep the
money. Meanwhile, he added that there are certain legal requirements
that Nigeria had not met to ease the recovering of the money. “We (UK)
have no intention of holding onto Nigerian funds, they belong to the
Nigerian people and they should be returned to the Nigerian people,” he
said. READ ALSO: Buhari says some looters returning stolen money
“Clearly, there are legal requirements that we have to meet. We are
working with the Nigerian government to see what we can do to return
those funds. “They (money) will be returned, there is absolutely no
doubt about it,” he said. Arkwright denied revealing the exact amount to
be sent to Nigeria. He clarified that everything was being done to
fast-track the repatriation procedures. “The Prime Minister’s
anti-corruption summit will be held in May; we are hoping that President
Muhammadu Buhari will attend that anti-corruption summit in London. “We
expect that there will be some further news on how we can accelerate
that process of repatriating the funds. “I think we have no intention of
holding onto this money, despite some of the reports in the press,” the
British official said.
READ FULL NEWS
=>$2.1bn: Dasuki blames Buhari for continuous detention
Security Adviser (NSA), Colonel Sambo Dasuki has blamed President
Muhammadu Buhari for his continued detention by the Department of State
Security (DSS) since December 29, 2015. At a court hearing in Abuja
today, February 26, Dasuki’s counsel, Joseph Daudu told the court that
the president engineered his unlawful detention through his comment at
his maiden media chat. Daudu said despite being granted bail, the
president, on national television, said the federal government will not
release his client, Dasuki and Nnamdi Kanu (who is currently facing
charges for illegal possession of firearms and assisting in the
management of an unlawful society). The counsel said the president
‘openly’ stated these men have committed heinous crimes against the
society and will not be released. He also added that his team has filed a
further and better affidavit in support of Dasuki’s application,
claiming a betrayal by the president during his chat with the media.
Daudu added that his client has been incommunicado since his
incarceration, thus delaying his preparation for the allegations leveled
against him by the Economic and Financial Crimes Commission (EFCC). The
prosecuting counsel, Rotimi Jacobs also confirmed to the court that his
team have been served two applications. At this instance, the defense
counsel informed the court that he would like to withdraw one of the
READ FULL NEWS
=> NFF to drag Oliseh to FIFA, CAS for breach of contract-Vanguard
Nigeria Football Federation, NFF, stung by the sudden resignation of
coach Sunday Oliseh have asked their lawyers to study religiously his
contract and come up with possible areas he breached the contract that
will guide them in dragging him before FIFA and the Court of
Arbitration, CAS. OlisehOliseh Sports Vanguard gathered that Oliseh
collected his backlog of salaries and allowances before throwing in the
towel. Already, officials pointed that payment of his accommodation
funds and coaching the Super Eagles from Belgium as areas he breached
the contract. “The Lawyers are going to come up with those breaches but
you know that he resigned with immediate effect without giving us the
mandatory one month notice. He coached the Eagles from Belgium and it
was explicitly stated in the contract that he must coach the team based
in Nigeria. He already collected money for his accommodation when he
never stayed here. It is left for those with Eagle eyes to come up with
the breaches”, our source said yesterday on our hotline.
READ FULL NEWS
=> PICTURES: Troops rescue 1890 victims from Boko Haram-Punch
Fidelis Soriwei, Abuja
The troops of the Nigerian Army have rescued 1890 people who were held by the Boko Haram insurgents.
The Acting Director, Army Public Relations, Col. Sani Usman, said in a statement on Friday that the captives were rescued at various locations of the North East in the past two weeks.
said that the rescued included 800 Nigerians who crossed over to
Banki, Cameroon and were brought back to the country by troops of the 21
Brigade on Thursday.
said that the troops of the 121 Task Force rescued 45 persons
comprising 17 women and 28 children during a joint operation with
Cameroonian forces at ‘Mararraba, Angwan Fada, Dale and Wizha Bokko
Timit, Bokko Nasanu and Bokko Hidde up to Ngoshe.’
He said that
350 others including five Cameroonian girls were rescued in a joint
operation by troops of 7 Division Garrison, 112 Battalion, Army
Headquarters Support Group and Armed Forces Special Forces at Gajibo,
Maula, Gamai, Gamare, Maiwa, Warsale, Tangli, Tushi, Sowa, Hasanari,
Changuwa, Malamaja, and Marya in Dikwa and Mafa Local Government Areas.
added that a similar rescue operation was carried out by the troops of
7 Division Garrison, their counterparts of 112 Task Force Battalion,
and Armed Forces Special Forces on the 17th February 2016, at
Kwaptara, Mijigete, Garin Boka, Mosole, Ngubdori, Ma’asa, Dukje and
Gulumba in Dikwa and Bama Local Government Areas resulted in the
rescue of 195 captives of the Boko Haram.
=> Pic: Yemi Alade Blasts “Ominiknowest Media” For Trying To Break Olajumoke’s Home
criticism Jumoke and her husband has received, Yemi Alade called out
those who she thinks are trying to break their home.
She shared this controversial picture of the couple and wrote.
rubbish is this? Is a woman’s place on d side carrying A child ? Did
she nt carry the child for 9 months already,endure labour alone? So
after all this ,the husband decides to ASSIST his wife and carry their
child he Is referred to as a WIFE like it’s a thing of shame? What I see
is a modern family with normal day to day responsilities and a child
to feed but have decided to NEVER GO BACK TO WHERE THEY ARE COMING
PS ; For any man to carry this kid the way he does she must b a REAL
woman in his home.Shout out to the ominiknowest media trying to break
were reports that the comedian and his interior designer wife have
separated and she moved out of their home. Mabel just shut down those
rumours with this pic and words…
=> Wizkid Allegedly Hides From DNA Paternity Test, Avoids 2nd Baby Mama
since the news broke out about the existence of a second baby mama,
reports have been circulating about Wizkid’s alleged refusal to take
responsibility of the baby who’s mother is Guinean-American Binta
In an interview with The Shaderoom, Miss Diallo alleged
that Starboy Wizzy has refused to own up to his parental
responsibilities and referred to him as a ‘deadbeat dad’.
Reports emerging have revealed that Wizkid is indeed shying away from his fatherly responsibilities.
sources revealed to Ynaija that the Nigerian singer has also refused to
show up for a DNA test requested by Binta Diallo, to prove that he is
indeed, the father of her son.
“Wizkid is refusing to
accept the baby, and he’s not paying child support. He’s also refusing
to make himself available for a DNA test to determine the paternity of
the baby,” the source alleged.
The source also added that “in
Nigeria, it may be alright to do avoid taking responsibility for your
child, but “in the US, they take such things very serious as his hide
and seek with the mother of his child may also affect him, whenever he’s
trying come in and go out of the country.”
Meanwhile, in a video
released by Hip TV yesterday, when Wizkid was asked to comment on the
matter and he adamantly kept mute and refused to speak on the issue.
TOP NEWS IN NIGERIA TODAY(MORNING EDITION)
Sunday Oliseh has explained succinctly the major reasons for quitting the Nigeria senior national team, the Super Eagles eight months after being appointed, Completesportsnigeria.com reports.
Oliseh who had been in a running battle with his employers over what he termed uncondusive working conditions told Completesportsnigeria.com that he was irked by the underground moves by the Nigerian Football Federation to sack him and the constant violations of his contractual agreement.
Oliseh was irked by the fact that the President Of the Nigerian Football Federation, Amaju Pinnick tried to hire Frenchman Herve Renard soon after the Home Eagles crashed out of the group stages of the African Nations Champions.
“They had their motives and what I did was in the best interest of the country,” Oliseh began.
“While I was coach of the team they tried to hire Renard who turned them down citing three major reasons,” Oliseh told Completesportsnigeria.com in the wee hours of Friday.
“When I sought their aid to effectively carry out my duties I was ignored and instead of the helping me getting the players to give their best and placing them in a very good conditions at an advantages to the team play, they had plans to derail the progress of the team’s chances.
“The most important objective is for the Super Eagles Of Nigeria to qualify to the next AFCON and the World Cup 2018,”
Completesportsnigeria.com also got a copy of from the resignation letter Oliseh sent to the NFF (published below).
OLISEH’S RESIGNATION LETTER
Dear General Secretary of NFF,
Object: Letter of Resignation.
Due to incessant Violations of our signed agreement (Contract) I am hereby informing you of my decision to terminate our working collaboration signed in July 2015
The most important objective is for the Super Eagles Of Nigeria to qualify to the next AFCON and the World Cup 2018.
Since so little help is being rendered me in getting the players to give their best and very vital conditions and advantages to the team play are also being sacrificed coupled with non redress of the aforementioned despite my several e mails and others, seeking your aid to effectively carry out my duties were ignored.
These unconducive working conditions that my coaching crew and myself have to live with, your contractual violations and the interest of the nation necessitates that I tender my resignation and recourse to the termination of our working agreement.
Many thanks for the opportunity to serve my fatherland.
Chief Coach Super Eagles of Nigeria
=>Buhari Welcomes Offer From Islamic Development Bank To Develop Nigeria
President Muhammadu Buhari says the offer by the Islamic Development Bank (IDB) to organize a financing roundtable in Abuja to mobilize more funds for investment and development of infrastructure in Nigeria, is highly welcomed by his government.
Buhari said this during his meeting with the President of the IDB, Dr Ahmed Mohammed Ali in Saudi Arabia today February 25th.
A statement by Presidential media aide, Shehu Garba, states that Buhari during the meeting, restated his government’s determination to revamp and diversify the Nigerian economy rapidly.
“The days of Nigeria as a big oil producer with plenty of money are gone. We need all the support we can get to diversify our economy as quickly as possible. We also need to rehabilitate our infrastructure, develop the domestic capacity to feed ourselves and export the surplus,”.
President Buhari welcomed the plan by the IDB to fast track the take-off of the Bilingual Education Program, aimed at integrating the Almajiri system of education with Western education in Nigeria. IDP President, Dr. Ali assured President Buhari that the IDB will work with its traditional partners such as the Saudi Fund, the Kuwait Fund, Arab Bank for Development in Africa and the Abu Dhabi Fund, to increase the quantum of funding available to Nigeria.READ FULL NEWS
=> Buhari Calls National Economic Summit – Top Official Reveals-Naij.com
President Muhammadu Buhari convenes an emergency economic conference to address the continuous decline in the Nigerian economy.
The conference is designed to confront the economic challenges and find solutions to the existing problems.
Unconfirmed information is coming from an anonymous top government official who shared it with a group of journalists in Abuja on Thursday, Punch reports.
It was only last week when Nobel Laureate, Professor Wole Soyinka, urged the president to convene an economic conference . He said: “I agree with those who say the economy is bad. It is obvious and it is so bad. I think the Presidency should call an emergency economic conference where experts will be enlightened.
We really need an emergency economic conference, bringing experts together to march the nation forward. I think the economy is not encouraging. Quite frankly, I think most economists will agree with this.”
=>Naira Depreciates From 250/$ To N355/$-Vangaurd
By Babajide Komolafe The improving fortune of the naira in the parallel market was reversed yesterday as the currency depreciated to N355 per dollar in the market.
Vanguard investigation reveals that the parallel market exchange rate rose sharply from N305 per dollar on Tuesday to close in Lagos and Abuja at N355 per dollar, implying depreciation of N50 per dollar. This was in sharp contrast to the N70 appreciation recorded from Monday to Tuesday, when the parallel market exchange rate dropped from N375 per dollar to N305. Bureaux De Change operators however express dismay over the sudden depreciation of the naira. President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe attributed the development to speculation and hoarding. He said there appears to be a conspiracy to hoard dollars in order to halt the appreciation. An Abuja BDC operator who does not want his name mentioned said the people are not willing to sell dollars and this worsened the demand-supply dynamics. “It the same factor of fear and rumour that occasioned the appreciation that are also behind the depreciation”, he said.
=>APC Rejects Benue South Rerun Result, Protest To INEC Office (photos)-Lasgidionline
After rejecting the result of the Benue south senatorial rerun election and suspending some party leaders, The All Progressives Congress members today staged a protest to the INEC office in Makurdi Benue State.
The protest was headed by the party’s candidate in the last concluded rerun election, Dan Onnjeh.
The protesters rejected the result which declared David Mark of the PDP as the winner accusing INEC of playing double standard during the rerun election.
Placards carrying inscriptions like: “No to impunity and corruption in INEC”…”It is not too late for INEC to reverse it’s declaration of David Mark to inconclusive election”…”Equality b4the Law! INEC Stop this Double standard”…”INEC Don’t Present certificate of return to David Mark”…”What is sauce for the Goose, is good for the Ganders! Kogi, Bayelsa Taraba and Anambra etc”…”Benue R.E.C. Is corrupt, remove him now were seen at the protest.
We will keep you posted as things go on but for the moment here are some exclusive photos from the protest.
=> Biafra, Cameroon may fight for independence together
Ebenezer Akwanga, the human rights activist and former political prisoner, in the interview granted to the IBTimes UK has said that Biafra movement in Nigeria may join its forces with Southern Cameroon to achieve independence. Akwanga supposes that human right violations of secessionist mobvements in Southern Cameroons are the same. The man, who is now the president of the Southern Cameroons Youth League, was imprisoned and tortured in 1977 in Cameroon for six years due to his political activism. The activist believes his people might collaborate with pro-Biafrans in south-eastern Nigeria, who are also willing to become independent. “Political sequences took place which affected our culture, language, traditions, everything that makes us a people,” he said. “Around 1984 the Cameroon Anglophone Movement started. It was first looking for a return to a federal system of governance and later on became the Southern Cameroon Restoration Movement. “The Southern Cameroons Youth League was born and our goal was simple: We wanted the total and unconditional independence of the Southern Cameroons.” On the other hand, a coordinator of Indigenous People of Biafra in Anambra state, who asked not to be named, confirmed pro-Biafrans and people in Southern Cameroons might join their forces. “IPOB is ready to work or join forces with any group seeking for independence from slavery and persecution. And our people in Southern Cameroon are not any different,” the coordinator stated. David Otto, CEO of UK-based global security provider TGS Intelligence Consultants, has said that a coalition between the two separatist movements is very expected and could further destabilize the region. He said: “Although the Southern Cameroon National Council (SCNS) is purely a peaceful movement, they could be tempted to join forces with the Biafra movement, which has been vocal in their willingness to use arms against the Nigerian government.
=> Shehu Sani reveals how Chibok girls can be rescued
READ FULL NEWS
=> UI rusticates 97 students over poor performance
Ibadan—NO fewer than 97 students of the University of Ibadan have been withdrawn by the Senate of the institution. According to the bulletin of the university, the withdrawal of the students, which has been approved by the Senate, failed to obtain the minimum academic requirements at the end of the 2014/15 session. The affected students were from seven faculties in the institution. Some of the students were in final year. The bulletin, which was signed by the Registrar, Olujimi Olukoya explained that three of the students voluntarily withdrew from the institution. It states, “Senate at its meeting approved that the candidates whose names appear on this list should withdraw from the University for failure to obtain the minimum academic requirements at the end of 2014/2015 session.”
=> Diezani’s cousin arrested for ‘illegal’ crude oil deals-Nigerianeye
The crude oil and natural gas involved are said to be worth billions of dollars.
The arrest of Amamgbo is rated as a major breakthrough for the EFCC in its ongoing probe of the ex-Minister.
The suspect, who was arrested in Lagos, was branded as a “front” for the ex-Minister.
According to a source close to the investigation, the EFCC discovered that Amamgbo used four companies to lift oil and gas in billions of dollars. He is the Chief Executive Officer (CEO) of the four firms.
The companies are Mezcor Oil and Gas Limited, Tridax Oil and Gas Limited, Lynear Energy Limited and Bulk Strategic Reserve Limited.
The office of Mezcir Oil and Gas Limited at No.5 , Sannar Street, off Yalinga Street off Adetokunbo Ademola Crescent, Wuse II Abuja, has been sealed.
“During the search, documents, which include payments for purchase of houses and vehicles were recovered,” the source said.
Another source said: “We are not giving up on other accomplices of the ex-minister who were used to plunder the nation’s oil industry.”
=>300 confirmed dead as Fulani herdsmen attack communities-Vanguard
No fewer than 300 persons have been confirmed dead following a siege on Agatu local government area of Benue state. Naij.com had reported two days ago that the local government area was under attack by over 300 militants, a development which was reported to have erupted following the Senate south rerun election in the state. Fresh reports from Vanguard have it that at least 300 persons have lost their lives following series of attacks by Fulani herdsmen in the last one week. Villages including Okokolo, Akwu, Ocholonya, Adagbo, Ugboku and Aila were reportedly razed as decomposing bodies of those killed were seen littering the communities. “Several communities including Obagaji, the local government headquarters, where people usually took refuge in the past, have been deserted. “People are fleeing into Ugbokpo in neighbouring Apa council. It is a well coordinated attack on Agatu communities. “As I speak with you, fighting is still raging; many are missing and we have a huge number of displaced persons without facilities to house them,” a source at the local government confirmed. Opiatoha K’Idoma, a socio-cultural organisation of Idoma sons and daughters, also issued a statement through its secretary, Adoka Adaji, where it stated that the crisis had created a huge refugee situation in the area. The statement read: “What we see happening in Agatu today can be likened to happenings in the North-East and we call for urgent action by the Federal Government. “The Idoma nation is helpless. Over 300 Agatu people have been killed and others maimed in one week without concerted effort by the state government to abate the attack, killings and destruction. “On the other hand, there are no identifiable camps to cater for the Internally Displaced Persons, which include mostly women and children; we call on the Federal Government to establish a full military base in Agatu, otherwise the area will soon become history.”
READ FULL NEWS
=> Kemi Olunloyo Slams Olajumoke Orisaguna: The Breadseller Is No Rolemodel Or Icon
while. The blogger slammed Jumoke Orisaguna as seen in the tweets below.
She also thinks Jumoke is being exploited and there is a need for her to slow down.
Popular Afro pop singer, Wizkid has no comment on the rumours of a
second baby mama, when asked, but was ready to open up about his
upcoming album. The Star Boy wasn’t here for such questions. He coyly
begged off the question and simply walked away.
=> Funke Akindele To Remarry As JJC Proposes
Reports reaching us are anything to go by, Funke ‘Jenifa’ Akindele is
getting set to take another shot at marriage, and the lucky man is said
to be JJC Skillz of the JJC and 419 Squad.
that Abdul Rasheed Bello, popularly known as JJC Skillz went down on one
knee and made the surprise proposal a few weeks ago in Lekki on the set
of her new TV Comedy Drama, Jenifa’s Diary.
And she said yes!
Akindele, a Christian, has remained single after separating from her
husband, Kehinde Almaroof in 2013 under very controversial
JJC Skillz is a single father of three children, ages 18, 15 and 10 from three different women.
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