Nigeria’s naira down 2.7 pct since new central bank FX rules

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Nigeria’s currency is trading at 226 naira to the dollar on the parallel market on Monday, down 2.7 percent since new central bank foreign exchange rules designed to conserve dwindling reserves, traders said. The naira sold for 220 naira to the greenback before the new central bank measures announced on Wednesday restricting importers from sourcing…


MASSIMO CELLINO: LEEDS UNITED OWNER FOUND GUILTY OF TAX EVASION

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LEEDS OWNER MASSIMO CELLINO HAS BEEN FINED 40,000 EUROS AFTER BEING FOUND GUILTY OF TAX EVASION BY AN ITALIAN COURT. THE 58-YEAR-OLD WAS CONVICTED OF FAILING TO PAY VAT ON A RANGE ROVER IMPORTED FROM THE UNITED STATES. CELLINO ONLY RETURNED TO THE LEEDS BOARD LAST MONTH AFTER SERVING A FOUR-MONTH FOOTBALL LEAGUE BAN FOR…


FINANCIAL FAIR PLAY: COURT IMPOSES ORDER TO BLOCK NEW UEFA RULES

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A BELGIAN COURT HAS IMPOSED AN INTERIM ORDER BLOCKING EUROPEAN FOOTBALL GOVERNING BODY UEFA FROM ACTIVATING NEW FINANCIAL FAIR PLAY (FFP) RULES. THE COURT OF FIRST INSTANCE REFERRED A CASE BROUGHT BY SEVERAL APPLICANTS TO THE EUROPEAN COURT OF JUSTICE (ECJ). THE CASE CHALLENGED PLANS TO CUT THE DEFICIT CLUBS PERMITTED FROM 45MILLION  EUROS (£32M)…


MEND VOW TO RESUME HOSTILITY OVER LAWMAKERS JUMBO PAY

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THE MOVEMENT FOR THE EMANCIPATION OF THE NIGER DELTA, MEND, HAS WARNED, THAT IT COULD RESUME HOSTILITIES, SHOULD THE 8TH NATIONAL ASSEMBLY, FAIL TO CHECK THE RIDICULOUS SALARIES/ ALLOWANCES OF LAWMAKERS, AT THE DETRIMENT OF OTHER NIGERIANS. THE SPOKESPERSON, JOMO GBOMO,  IN  A STATEMENT, SAID, “THE MOVEMENT FOR THE EMANCIPATION OF THE NIGER DELTA (MEND)…


SUICIDE BOMBER KILLS SCORES

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AT LEAST 20 PEOPLE WERE KILLED MONDAY, WHEN A YOUNG FEMALE SUICIDE BOMBER DETONATED HER EXPLOSIVES AT A BUS STATION IN MAIDUGURI, NORTHEAST NIGERIA, IN AN ATTACK LIKELY TO BE BLAMED ON BOKO HARAM. THE BLAST HAPPENED NEAR A FISH MARKET IN THE BAGA ROAD AREA OF THE CITY, WHICH HAS BEEN REPEATEDLY TARGETED IN…


BUHARI INHERITS EMPTY TREASURY

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PRESIDENT MUHAMMADU BUHARI, MONDAY, SAID THAT HE INHERITED A “‎VIRTUALLY EMPTY TREASURY”, WITH DEBTS RUNNING INTO HUNDREDS OF MILLIONS OF DOLLARS AND APPEALED TO THE MEDIA TO EXPLAIN THE TRUE POSITION TO NIGERIANS. THE PRESIDENT, WHO SPOKE, WHILE MEETING WITH MEMBERS OF THE STATE HOUSE PRESS CORPS, SAID IT WAS A DISGRACE THAT NIGERIA IS…


WORLD OIL DEMAND INCREASES

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NIGERIA AND OTHER OIL PRODUCING NATIONS, ARE EXPECTED TO BOUNCE BACK TO AN INCREASE IN OIL PRICES, IF THE LATEST REPORT OF THE INTERNATIONAL ENERGY AGENCY, IEA, IS ANYTHING TO GO BY. WORLD OIL DEMAND WILL RISE MUCH MORE THAN EXPECTED THIS YEAR, THE IEA SAID IN ITS RELEASE, IN THE LATEST SIGN THAT THE…


BUHARI ORDERS REMOVAL OF MILITARY CHECKPOINTS

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THE COMMAND CENTRE IN MAIDUGURI IS SOON TO BE READY. THE PERMANENT SECRETARY, ISMAILA ALIU, DROPPED THE HINT AFTER MONDAY’S DEFENCE COUNCIL MEETING AT THE STATE HOUSE. HE SAID THE MULTINATIONAL TASK FORCE IS MORE READY TO COMBAT BOKO HARAM. THE MEETING HAD IN ATTENDANCE SOME SERVICE CHIEFS. MEANWHILE, PRESIDENT MOHAMMADU BUHARI, HAS ORDERED THAT…


Mitv Prime Time News 18th June 2015

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Prime Time News 17th June 2015

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DEFENSE HQ DENIES CHADIAN CLAIM ON AIRSTRIKES

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THE DEFENCE HEADQUARTERS, HAS SAID THAT THE CLAIM THAT THE CHADIAN MILITARY HAVE CONDUCTED AIR STRIKES AGAINST SIX TERRORIST CAMPS IN NIGERIA, AS CLAIMED BY CHADIAN MILITARY SOURCES IS NOT CORRECT. A STATEMENT SIGNED BY MAJOR GENERAL CHRIS OLUKOLADE, DIRECTOR OF DEFENCE INFORMATION (DDI), SAID “THE FACT IS THAT THE NIGERIAN AIRFORCE SURVEILLANCE MISSION, IDENTIFIED…


AMBODE VISITS TRAFFIC POINTS

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LAGOS STATE GOVERNOR, MR. AKINWUNMI AMBODE, ON THURSDAY, VISITED SOME OF THE MAJOR TRAFFIC POINTS IN THE METROPOLIS, STATING THAT HIS ADMINISTRATION WILL PROVIDE SOLUTIONS TO TRAFFIC SNARLS IN THE STATE. AMBODE, ALSO APPROVED THE CONSTRUCTION OF A PEDESTRIAN BRIDGE AT THE OJODU BERGER BUS STOP, A CRITICAL ENTRY AND EXIT POINT OF LAGOS. THE GOVERNOR,…


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