Why CBN crashed FOREX rate?

By Shedrack Ifurueze In a new move to make the Naira appreciates further in the Foreign Exchange market, the apex bank, the Central Bank of Nigeria, CBN has introduced N360:00; three hundred and sixty Naira only per dollar. CBN assured stakeholders this week that the new rate would be available to Nigerians who wish to buy in commercial banks across the country. The new measure which the CBN announced said that the apex bank would sell FOREX to banks at the rate of N357:00 per dollar while the banks have…

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Why the Senate is Fighting Buhari

By Chidiebere Onyemaizu   This Magazine has been told that the Senate has long ago resolved not to give the Executive kid glove treatment in order to curb what it perceives as President Muhammadu Buhari’s military hang over-dictatorial tendencies. The Senate’s resolve to bark and bite was demonstrated when it rejected the nomination of Ibrahim Magu as substantive Chairman of the Economic and Financial Crimes Commission, EFCC. President Buhari’s inaction on Ibrahim Magu , yesterday led  the Nigerian Senate under the leadership of Dr. Bukola Saraki to bare its fangs…

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FIFA Suspends Messi

By Akinwale Kasali The hope of Argentina qualifying for the 2018 FIFA World Cup in Russia has been dealt a big blow few hours before the Argentine football team suffered a 2-0 loss to Bolivia in La Paz. The loss puts Argentina in the fifth position, falling off the pecking order for an automatic qualification slot, with a play-off imminent. Their next five matches will see Lionel Messi following his suspension by FIFA, the world soccer governing board for misconduct on the part of the highly rated maestro. Lionel Messi’s…

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Dokpesi Allegedly Got N2.1 Billion Within Three Months for 2015 Presidential Campaign

By Akinwale Kasali The fate of High Chief Raymond Aleogho Dokpesi, the owner of Daar Communication Limited still hangs in the balance, as he has further been indicted by a relationship manager with First Bank Plc, Maitama branch, Abuja, Mrs. Zainab Ibrahim-Kokobili, on Wednesday, who gave details of how African Independent Televison’s founder, Dokpesi, received N2.1bn from the Office of the National Security Adviser between January and March 2015. Ibrahim-Kokobili was testifying before Justice John Tsoho of a Federal High Court in Abuja as the third prosecution witness in the…

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Senate Suspends Ali Ndume

By Akinwale Kasali Former Senate Leader, Ali Ndume, has been suspended for 181 days by the Senate. Senate Committee on Ethics, Privileges and Public Petitions has recommended for the suspension of Senator Ali Ndume for  181 days. The Suspension of Ndume comes in the wake of the controversy trailing Senate president, Kukola Saraki and Senator Dino Melaye, who are both in the purchase of a Bullet-Proof car and certificate scandals. Before now, there has been an ongoing plot to suspend the Senator, representing Borno North Federal Constituency Ndume who was removed…

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No End In Sight To Face-off Between Ali and Senate

By Stephen Ubanna There is no end in sight to the face-off between the Bukola Saraki led Senate and Hammed Ali, a retired Colonel and Comptroller General, Nigeria Customs Service, NCS, over the later’s new duty policy on imported vehicles  which is expected to take off going by Ali’s calculation on April 12,2017. The gladiators are ready for the war. Indeed, the Senators are not ready to sheathe their sword and are determined to push for the removal of Ali from office by President Muhammadu Buhari who is reluctant to…

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When Justice is a Snail

By Oji Odu The recent court judgements that sentenced Okwumo Nwabufo and Olisaeloka Ezikpe to die by hanging for the murder of Cynthia Osokogu , a Post Graduate student of Nassarawa State University on July 12, 2012, five years after the crime was committed, and that of the two Police officers, Emmanuel Baa and Ezekiel Acheneje in the Apo Six case of extra-judicial killing in Abuja in 2005, have, again, brought to the fore the great challenge of delayed justice which has become the bane of Nigeria’s judicial system. A…

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Photos Speak: President Buhari Presides over FEC Meeting

Today, Wednesday, March 29, 2017, President Muhammadu Buhari presides over Federal Executive Meeting, held at the state house, Abuja. In attendance are Vice President Yemi Osinbajo, Secretary of the Federation, Engr Babachir David Lawal, Chief  of Staff Mal Abba Kyari, Head of Civil Service, Mrs Winifred Oyo-Ita and NSA Major Gen Babagana Mongonu and others. Pix by Sunday Aghaeze.

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Media Group Says Journalists faces Fresh Threat in Reporting Conflicts

By Akinwale Kasali LagosFollowing a string of ethnic  conflicts  in some parts of the country, journalists reporting the events are being threatened with death and arson, the Journalists for Democratic Rights, (JODER) has said. JODER in a release on Tuesday signed by its Assistant Programme Office, Mr Akinwale Obafemi said free speech which is one of the principles of democracy is facing renewed threat from masked individuals probably backed by some organized interests. The group said it recorded another major threat against media institutions and peaceful coexistence on 24th March,2017  while monitoring…

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Group Says Senate Suspension on RECs Confirmation as Petty and A Blackmail

By Akinwale Kasali The Committee for the Protection of Peoples Mandate (CPPM), through its chairman, Nelson Ekujimi has condemned in the strongest terms, what it alleged to be irresponsible, insensitive, petty, ridicule of legislative integrity and blackmail by Nigeria’s Senate suspension of the confirmation of 27 Residential Electoral Commissioners (REC) submitted to it by the executive. Ekujimi stressed that according to the senate, they hinged their suspension of the confirmation of the 27 REC’s on the premise that the executive is disrespecting and ridiculing the senate by for instance, not…

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Rohr Cancels England Venues for Eagles Matches

Super Eagles coach, Gernot Rohr said England will not be a choice of venue for the next friendly international to be played by the national team. super eagles Rohr was speaking against the background of the botched friendly against Burkina Faso in London. The match was abandoned after Burkina Faso failed to get UK visas for most of their players. The Super Eagles had played a 1-1 draw with Senegal on March 23 at the same venue. However, Rohr could not get his wish to test his youngsters against Burkina…

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Tinubu @ 65: Personalities Shower Accolades on Tinubu

President Muhammadu Buhari, yesterday, led prominent Nigerians from far and near to pour praises on former Lagos State Governor and All Progressives Congress, APC, chieftain, Asiwaju Bola Ahmed Tinubu. Tinubu turns 65, today. The occasion was the 9th Bola Tinubu Colloquium tagged: ‘Make it in Nigeria: Use what we make, make what we use’, held at the Eko Hotel & Suites, Victoria Island, Lagos. The colloquim attracted eminent Nigerians such as Vice President Yemi Osinbajo, Governors Akinwumi Ambode (Lagos), Godwin Obaseki (Edo), Mallam Nasir el-Rufai (Kaduna), Senator Ibikunle Amosun (Ogun),…

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Senate Declares that Bullet Proof SUV Linked to Saraki Cost $298,000 and not N298 Million

The Senate on cleared the air on the controversial armoured Range Rover Sports car bought by the National Assembly, saying that the car cost $298,000 and not N298m. The car had been linked to the Senate President, Dr. Bukola Saraki, who, on Monday, denied buying the Sports Utility Vehicle. The importer had, however, said the documents of the car were fake. An online news portal, SaharaReporters, which made the allegation in a report published on March 18, 2017, said the seizure of the SUV, allegedly belonging to Saraki, was the…

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Senate Puts Off RECs Confirmation of Magu, As Sagay, Others Kick

The end is not yet near to the drama unfolding in the Upper Chamber. Yesterday, the Senate protested against the retention of Mr. Ibrahim Magu as the Acting Chairman of the Economic and Financial Crimes Commission despite the rejection of his nomination by the lawmakers. Several senators, at the plenary on Tuesday, spoke against the consideration of a letter from the Presidency requesting legislative approval for the nomination of 27 Resident Electoral Commissioners for the Independent National Electoral Commission. They insisted that the process be abandoned until Magu was removed.…

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Anambra Communities Laments, As Herdsmen Rapes Their Wives and Children

No fewer than 15 communities in Orumba-South Local Government of Anambra State on Tuesday raised the alarm over the menace of herdsmen in their area. They alleged that herdsmen were raping their wives and children. The spokesperson for the communities, Mr Chukwudi Ugochukwu, stated this at Orumba-South Local Government Council secretariat in Umunze during a stakeholders’ meeting of the people of the area. He added that the herdsmen allowed their cows to graze on farms, thereby destroying people’s livelihoods. Ugochukwu said some women and girls had been raped on their…

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Buhari Sends Name of New Ministerial Nominees To Senate

After months of leaving the seats vacant, President Muhammadu Buhari has nominated two persons as minister and is seeking the approval of the Senate for their appointment. A communication on the ministerial nominees was sent to the Senate on Tuesday night. A source close to the leadership of the Senate told our correspondent that the two nominees would fill the slots of Kogi and Gombe states in the federal cabinet. The Kogi nominee will succeed the late Minister of State for Labour, Mr. James Ocholi (SAN) who died in an…

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Nigerians Mocks Senate Over Melaye’s Show of Shame

By Akinwale Kasali Mixed reactions has trailed the appearance of Senator Dino Melaye, who was cladded in an academic gown at the Senate plenary section yesterday. Some have argued that his action shows that he is mocking the upper Chamber which himself belongs to. A political analyst, Chijioke Umeh, said that what Melaye did was a show of shame to the Senate, in which he needs to be sanctioned. “He is making mockery of the Senate, what on earth will some one like that thug be doing in that hallowed…

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