CBN Frees The Naira, Now To Be Determined By Market Forces

The Central Bank of Nigeria (CBN) has finally let go of pegs on the naira, allowing the market forces to determine the true value of the local currency against other currencies across the world. This was disclosed by Godwin Emefiele, governor of the bank, who spoke at a press conference in Abuja on Wednesday. Emefiele said the bank will operate a single trading window, which will take off on June 20, 2016, adding that the CBN will only step in from time to time regulate the market. Emefiele said the…

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Pilgrimage A Spiritual Movement To Promote Values, Not Jamboree – NCPC Boss

The Executive Secretary of the Nigeria Christian Pilgrim Commission (NCPC), Rev. Tor Uja has said that pilgrimage is not a jamboree or tourism, but a spiritual movement that promotes productive values. He made this disclosure at the Nnamdi Azikiwe International Airport, Abuja on arrival from pre-visit to Israel, Rome and Greece where basic facilities for this year’s pilgrimage were inspected. The NCPC boss explained that apart from the successful deliberation with relevant stakeholders in Israel, Rome and Greece, the pre-visit also enabled him to meet with chairmen and secretaries of…

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Denrele Edun Marks 33rd Birthday With New Photos

Denrele Edun, a popular self-styled On the Air Personality (OAP), who turned 33 today released cute photos to mark it. He also wrote a colourful message to celebrate his birthday which depict a clear departure from his old self. Could this mean no more big shoes and crazy hair for him? He looks very cool. Read his birthday message below… On my birthday, I celebrate ME! On my special day, I’m thinking of all the wonderful things I am that bring so much joy to others, including me! I celebrate…

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Behold The New CAN President: Rev Olasupo Ayokunle

President of the Nigerian Baptist Convention (NBC), Rev. Olasupo Ayokunle, has emerged the new president of the Christian Association of Nigeria (CAN). Ayokunle defeated Elder Joseph Otubu of the Motailatu Church Cherubim and Seraphim Movement (MCCSW) who represented the Organisation of African Instituted Churches, OAIC, with 57 votes to 28. The outgoing president of the body, Pastor Ayo Oritsejafor, announced the result of the election at about 2:30 p.m. to a rousing applause of National Executive Council delegates from different parts of the country who had converged at the National…

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I’m Ready To Be Martyred For Good Governance, Says Obanikoro

‎Former minister of state for defence, Musiliu Obanikoro, said he and other members of the Peoples Democratic Party (PDP) are ready to be martyred if that will bring about good governance. Obanikoro said this on Twitter on Wednesday while reacting to the raid of his residence by the Economic and Financial Crimes‎ Commission (EFCC). He said that the Buhari government was taking the country back to an era of despotism‎ by its alleged hounding of members of the opposition. “The invasion and raid of my residence yesterday by agents of…

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Jonathan Denies UK Report, Says I Have No Property, Account Abroad

Former President, Goodluck Jonathan has denied owning a £15m property in the United Kingdom and demanded a retraction from the UK SUN over an article by its former Editor, Kelvin Mackenzie, alleging in his Saturday column that the ex-Nigerian leader had bought the property in Surrey. He had written, “I hear the aptly named Goodluck Jonathan, the former President of oil-rich Nigeria, has bought a 12,000 square foot house on the ultra-expensive and well protected St George’s Hill estate in Weybridge, Surrey. “I’m sure he gained his wealth legitimately but…

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Withdraw Your Forces From Ukraine, NATO Tells Russia

NATO chief Jens Stoltenberg on Wednesday demanded that Russia withdraw its forces and military hardware from Ukraine and halt its support for pro-Moscow separatists battling Kiev. “Russia needs to stop supporting the militants and withdraw its forces and military equipment from Ukrainian territory,” Stoltenberg said after a meeting of NATO defence ministers with their Ukrainian counterpart in Brussels. He said the US-led alliance will continue to stand by the government in Kiev and would never recognise Russia’s “illegal and illegitimate annexation of Crimea”. “In response to Russia’s actions, NATO has…

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Panic? As PMB Gets 13 SANs, 10 Other Counsels To Defend Certificate Saga Case

President Muhammadu Buhari has secured the services of 13 Senior Advocates of Nigeria  (SANs) to appeal the ruling of Justice Adeniyi Ademola of the Federal High Court in Abuja who on May 26, 2016 dismissed his preliminary objection in a suit filed by an Abuja-based legal practitioner, Mr. Nnamdi Nwokocha-Ahaaiwe. Nwokocha-Ahaaiwe had alleged that Buhari was unqualified to aspire to the Office of the President of the Federal Republic of Nigeria because he did not sit for the Cambridge West African School Certificate WASC) in 1961 as he claimed. When…

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Again, EFCC Invites Modu Sheriff over PDP Campaign Fund

‎The Economic and Financial Crimes Commission (EFCC) has invited Ali Modu Sheriff, former national chairman of the Peoples Democratic Party (PDP), for questioning. A source at the anti-graft agency confirmed this latest development on Wednesday. “Yes it is true, the EFCC in Borno state has invited Ali Modu Sheriff,” he said. TheCable understands that Sheriff was invited in connection with the 2015 PDP presidential campaign funds, for which Femi Fani-Kayode, former aviation minister, is being investigated. If Sheriff honours the invitation, it will be the second time in June that…

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