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Naira remains stable against Dollar on currency market

Nigeria’s naira is expected to remain unchanged on the parallel and official foreign exchange market in the coming days. This comes as international money transfer organisations commenced the sale of dollars to bureau de change operators on Thursday, boosting greenback liquidity. Travelex, one of the international money transfer firms in Nigeria is selling around $20 […]

Africa: Far From Davos, Women Fight Inequality

column By Ojobo Atuluku Men in sharp, dark suits are sashaying through the restaurants and meeting rooms of a five-star Swiss ski resort this week as the annual meeting of the World Economic Forum in Davos gets under way. The zip in the step of the business and political elite there is enabled by the […]

Business – Naira Plunges To 498/USD At Parallel Market | Nigerian Bulletin

The Nigerian naira plunged further against the United States dollar to a new record low of 498 on Thursday, down from 497 it recorded on Wednesday. The currency had continued to fall since the beginning of the year as experts see the currency hitting 500 to the dollar this year. It also traded 596 and […]

Gambia: Jammeh and the Gambian Logjam

editorial ECOWAS should use any available means to remove the dictator With the expiration of the deadline of last night set by leaders of the Economic Community of West Africa States (ECOWAS) for the Gambian dictator, Yahya Jammeh, to vacate office, he has ran out of options, especially with the Monday ruling by The Gambian […]

Business – Osinbajo – We Cannot Allow the Naira to Float | Nigerian Bulletin

Months after it was announced that the Central Bank of Nigeria was floating the Naira, Vice President Yemi Osinbajo has stated that the government cannot just allow the currency to float. Osinbajo made the remark while speaking at the World Economic Forum in Davos, Switzerland on Wednesday. The VP said, “It is difficult to give […]

Nigeria: Obey Court Order On Zakzaky, Shi’ites Tell Govt

By Omeiza Ajayi Shi’ites, under the aegis of the Islamic Movement of Nigeria, IMN, have demanded the unconditional release of their leader, Sheikh Ibraheem Zakzaky, and his wife, Malama Zeenatu Ibraheem, warning of dire consequences of disobedience to valid court orders. Speaking yesterday in Abuja on behalf of IMN, Sheikh Abdulhameed Bello recalled that “on […]

Nigeria: Majek Fashek At Vanguard – Says He’ll Reclaim His Place in Nigerian Music Scene

By Ayo Onikoyi, Benjamin Njoku, Anozie Egole, Juliet Ebirim, and Rotimi Agana Nigerian-born reggae legend and guitarist, Majekodunmi Fasheke, popularly known as Majek Fashek, who in recent years has been in the news following his deteriorating health condition, resulting from suspected case of drug addiction, is hale and hearty again. The re-branded Majek was at […]

Nigerian Government Apologises For Airstrike Error

By Kimeng Hilton Ndukong Over 50 civilians were killed on January 17, 2017 after a fighter pilot mistook them for Boko Haram terrorists. People in northeastern Nigeria are in mourning mood after tragedy struck on Tuesday, January 17, 2017, resulting in the death of 52 innocent people and the wounding of about 200 others. Thisday […]

Nigeria Loses 60 Percent Cargoes to Neighbouring Countries

By Godfrey Bivbere Diversion of Nigeria bound cargoes have increased from about 40 percent in 2014 to about 60 percent as at 2016 due to unfriendly import policies, stakeholders in the industry have said. The stakeholders made this known at the round table organized by the Maritime Reporters Association of Nigeria, MARAN, in Lagos. Speaking […]

Nigeria: NNPC Denies Increasing Petrol Price, Warns Against Panic Buying

The Nigerian National Petroleum Corporation (NNPC) on Wednesday admonished Nigerians not to engage ‎in panic buying of petrol as there was no plan to increase its price. ‎In a statement released in Abuja by the Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, the Corporation further assured motorists that there was enough supply […]

Nigeria: Fuel Scarcity Looms As Marketers Stop Importation

By Sebastine Obasi, Ediri Ejoh and Elizabeth Nkemodi Nigerians may be in for a round of fuel scarcity this new year, as marketers have stopped importation of the product. Marketers under the aegis of Depot and Petroleum Products Marketers Association (DAPPMA) said that the N660 billion debt owed them by the Federal Government for products […]

Nigeria: New TV Documentary ‘My Lagos Diaries’ Premieres

A new real life documentary series titled, ‘My Lagos Dairies’, put together by Freedom Foundation, a faith based nonprofit organization of the House of Freedom, is set to go public. The 13 series documentary that tells the heart touching stories of experiences and challenges some people face, especially indigent and vulnerable, trying to survive in […]

Nigeria: PDP Senator Decamps to APC

By Cletus Ukpong and Hassan Adebayo Nelson Effiong, the senator representing Akwa Ibom South Senatorial District, has defected to the All Progressives Congress, APC. Mr. Effiong was elected on the platform of the Peoples Democratic Party, PDP. The Senate announced the defection of Mr. Effiong, through its official twitter handle @NGRSenate. “Breaking: Senator Nelson Effiong […]

Nigeria: Compensation Camp Bomb Victims, Hrw Tells Nigeria

Photo: The Guardian Internally Displaced Persons. Nigerian authorities should provide compensation to victims of the recent bombing of a refugee camp in Rann, Borno State, a rights group has said. In a statement, Human Rights Watch (HRW) said the Nigeria government must provide the compensation as soon as possible despite its claims that the bombing […]