Wednesday , 21 February 2018
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The Nation

CBN injects $210 mln into currency market

The Central Bank of Nigeria, CBN stated it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages. According to Reuters, the bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $55 million for certain dollar expenses …

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Malabu: Malami writes Buhari, wants trial of Adoke, Diezani, others

The Attorney-General of the Federation, Abubakar Malami, has written to President Muhammadu Buhari, urging him to back off on his administration’s legal battles against the principal actors in the controversial Malabu Oil deal. According to Vanguard, the raging scandal over the OPL 245 oil block began in 2011 when the Goodluck Jonathan administration approved its purchase by Shell and Agip-Eni …

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Nigeria releases 475 Boko Haram suspects for rehabilitation

A Nigerian court has released 475 people allegedly affiliated with Boko Haram for rehabilitation, the justice ministry said on Sunday, as the country’s biggest legal investigation of the militant Islamist insurgency continues. According to Reuters, the first person convicted for the kidnapping in 2014 of Chibok schoolgirls, sentenced to 15 years’ imprisonment last week, was also handed an addition 15-year sentence, …

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Buhari felicitates with FRSC at 30

President Muhammadu Buhari has felicitated with the management and staff of the Federal Road Safety Corps (FRSC) as the organisation celebrates 30 years of its establishment. According to the Nation, the President, in a statement by the Special Adviser on Media and publicity, Femi Adesina, commended the vision of its founding fathers in February 1988 in response to the unacceptable …

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US rejects Nigeria’s Biafran suit defence of immunity

The Indigenous People of Biafra, IPOB, has asked a United States federal court to commence the trial of 16 Nigerian officials it sued over their alleged direct or indirect complicity in the extrajudicial killings of its members, who launched peaceful protests following the arrest and detention of its Leader Mazi Nnamdi Kanu. According to Vanguard, this was contained in a …

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Nigeria does not need Petroleum Equalisation Fund, fuel subsidy, expert tells government

The Federal Government has been told to do away with the Petroleum Equalisation Fund, PEF and fuel subsidy, as Nigeria does not need them. The executive director, Spaces for Change, Victoria Ibezim-Ohaeri who canvassed the idea, in her latest statement sent to The Daily, www.thedaily-ng.comdisclosed that: ‘’Does Nigeria Still Need the Petroleum Equalization Fund?: Petroleum Equalisation Fund (PEF) is set aside for the …

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Oil pollution: Let regulatory institutions be closer to communities – Spaces for change

The Federal Government has been tasked to ensure that regulatory institutions and agencies are located close to oil and gas bearing communities. The executive director, Spaces for Change, Victoria Ibezim-Ohaeri who canvassed the idea, in her latest narrative sent to The Daily, www.thedaily-ng.com stated that this will easy movement to scenes of incidents. She stated that: ‘’Regulatory Overlap and Consultations; The HOR’s version of the …

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FG unfair to women in Nigeria’s energy sector decision making – Ibezim-Ohaeri

The Federal Government has been told to be unfair to women in Nigeria’s energy sector decision making. The executive director of Spaces for Change, Victoria Ibezim-Ohaeri who disclosed this in a narrative sent to The Daily, www.thedaily-ng.com stated that: ‘’Women’s under-representation in energy sector decision-making can be reversed:  Women are not advancing enough to leadership roles and contributing to influential decision-making roles …

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President Buhari denies cattle grazing plan is “colonization”

President Muhammuad Buhari has denied that government proposals to share out land to end a wave of violence over grazing rights amounted to “colonization” of fertile areas by his own ethnic group. According to Reuters, clashes between semi-nomadic herders, mostly of the Fulani ethnic group, and settled farmers in central states have killed around 100 people in recent weeks. President …

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Petroleum Industry Governance Bill: More Hurdles to Cross – Ibezim-Ohaeri

Alas, the Nigerian House of Representatives [HOR] has concurred with the Senate on the Petroleum Industry Governance Bill (PIGB). Although this latest development represents a departure from their earlier position not to pass the legislation piecemeal like the Senate had done in May 2017, HOR’s concurrence with the upper legislative chambers come at a critical time when decisive policy action …

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