The local currency gained N12, rising from 367 to 355 against the United States dollar at the parallel market on Thursday, a day after the Central Bank of Nigeria released the much-awaited foreign exchange market framework. Forex dealers and analysts said the naira-dollar exchange rate, which closed flat at 367 on Wednesday, started reacting to
The post Forex Policy: IMF Applaud CBN, as Naira Appreciates appeared first on Nigerian Pilot: Most trusted Nigerian Newspaper.
Central bank is selling long-dated treasury bills at higher yields than the secondary market to mop up naira liquidity before next week’s start of interbank currency trading, traders said on Friday. The central bank sold 205.9 billion naira worth of one-year bills on Friday at 13.5 percent, compared with the secondary market which is currently
The post Central bank mops up naira cash at higher rate before FX trading starts appeared first on Nigerian Pilot: Most trusted Nigerian Newspaper
Amidst general belief among Nigerians that President Muhammadu Buhari is Nigeriaâ€™s messiah, a former chairman of the U.S. House Intelligence Committee, Pete Hoekstra has said that Buhari is actually Nigeriaâ€™s problem, not its solution. Pete Hoekstra, Senior Fellow, The Investigative Project on Terrorism, Washington and former chairman of the U.S. House Intelligence Committee from 2004
The post Buhari Is Nigeriaâ€™s Problem, Not Its Solution appeared first on Nigerian Pilot: Most trusted Nigerian
Justice Mahkmud Lima of the Federal High Court in Port Harcourt will on the 4th of July deliver judgment on the application by the embattled National Chairman of the Peopleâ€™s Democratic Party, PDP, Alimodu Sheriff seeking to dispose the order against him. Justice Lima had in May granted an order restraining Sheriff from parading himself
The post Court fixes July 4 to rule on PDPâ€™s order against Modu Sheriff appeared first on Nigerian Pilot: Most trusted Nigerian Newspaper.
Federal High Court sitting in Port Harcourt, Rivers State yesterday, heard the case between the Peoples Democratic Party, PDP and Senator Ali Modu Sheriff & co. on Suit N0: FHC/PH/CS/524/2016 restraining Senator Sheriff and his co-defendants from parading themselves as national officers of the Party and to recognize the National Caretaker Committee as constituted by
The post Court declares Sheriff, PDPâ€™s orders subsist appeared first on Nigerian Pilot: Most trusted Nigerian Newspaper.
Senate yesterday, passed a bill to re-enact the Public Procurement Act, 2007, even as it expanded the National Council on Public Procurement to include the Nigerian Institute of Architects and the Nigerian Institute of Quantity Survey. This followed the adoption of the report of the Senate Committee on Public Procurement and passage of the bill
The post Senate favours local producers in Procurement Act Amendment appeared first on Nigerian Pilot: Most trusted Nigerian Newspaper.
Akwa Ibom state police command has refuted claims by the Niger Delta Avengers, NDA, that it exploded gas pipelines in Ikot Osutek in Oruk-Anam local government area of the state yesterday. State Police Commissioner, CP Murtala Mani, told newsmen in Uyo yesterday that the rumoured explosion was an accident caused by leakage in the gas
The post Avengers: Police refutes Aâ€™Ibom pipeline attacks claims appeared first on Nigerian Pilot: Most trusted Nigerian Newspaper.
Independent National Electoral Commission, INEC, has said it will not hesitate to cancel elections and declare them inconclusive if politicians do not refrain from activities that promote violence, threats of violence, disruptions by way of violence, intimidation and bribery of poll officials and voters. In his keynote address as lead speaker at a civil society
The post Edo, Ondo elections: Nigerians should expect more inconclusive elections ifâ€¦ â€“ INEC appeared first on Nigerian Pilot: Most
Economic and Financial Crimes Commission, EFCC, has begun investigation over alleged N4.29billion fraud against the administration of Benue State Governor, Samuel Ortom and other prominent members of the state government, including certain members of the state House of Assembly. The anti-graft agencyâ€™s action was sequel to the receipt of three petitions sent to it by
The post EFCC Probes Gov Ortom over alleged N4.29bn fraud appeared first on Nigerian Pilot: Most trusted Nigerian Newspaper.
Director-General of the National Youth Service Corps, NYSC, Brig-Gen. Sulaiman Kazaure has declared that there are no plans by the federal government to scrap the scheme. The DGâ€™s clarification came on the heels of rumours making the round that the federal government is going to scrap the scheme. Kazaure, speaking during a courtesy visit to
The post Labaran Tijani, Lokoja appeared first on Nigerian Pilot: Most trusted Nigerian Newspaper.
Chairman of the Senate Committee on Privatisation, Senator Ben Murray-Bruce, yesterday said the Ajaokuta Steel Company, Ajasteel in Kogi State could industrialise Nigeria over night if given the needed attention by all stakeholders with adequate funding. This is even as the Sole Administrator of Ajasteel, Isah Onobere said the company requires N80billion to put it
The post Ajasteel can industrialise Nigeria overnight â€“ Senate appeared first on Nigerian Pilot: Most trusted Nigerian Newspaper.
Leader of the World Bank/FGN Mission to Kogi on FADAMA III, Dr. Salau Sheu has said that the initiative to effect a paradigm shift from subsistence farming to business-oriented agriculture is yielding results. Sheu disclosed this at the Ire-suare production cluster (Cassava special intervention site) in Adavi Local Government of the state yesterday, saying that
The post World Bank, FG initiative on agriculture succeeding â€“ experts appeared first on Nigerian Pilot: Most trusted Nigerian Newsp
Chairman of the Independent National Electoral Commission, INEC, Professor Mahmood Yakubu, has declared that gender imbalance is militating against free and fair elections in the country, and therefore advocated for improved participation of women in the electoral process and in occupying elective positions. The chief electoral umpire stated this at the commissionâ€™s interaction with Political
The post Gender imbalance still militating against free, fair elections â€“ INEC Boss appeared first on
Justice Adeniyi Ademola of the Federal High Court, Abuja, yesterday, indefinitely adjourned a suit challenging the academic credentials of President Muhammadu Buhari. Justice Adeniyi in his ruling said that the case was being adjourned indefinitely, following a notice of appeal filed by President Buhari. Nigerian pilot recalled that President Buhari had Wednesday, appealed against a
The post Buhariâ€™s certificate suit adjourned indefinitely appeared first on Nigerian Pilot: Most trusted Nigerian
United Nations International Childrenâ€Ž Education Fund, UNICEF has urged Bauchi State government to provide functional Primary Health Centres in all its 323 wards across the state to meet up with requirement of National Health Act. UNICEFâ€™s supervising officer in Bauchi Field Office; Dr Abdoulayi Kai Kai gave the advice during a one day sensitisation meeting
The post UNICEF urges Bauchi govâ€™t to implement functional health centres appeared first on Nigerian Pilot: Most trusted Nigerian Ne
Management of leading civil engineering and construction company, Julius Berger Plc yesterday in Abuja hailed the management, staff and directorate of the firm for what they saw as a wonderful performance in 2015 inspite of the turbulent economic conditions. At the companyâ€™s Annual General Meeting, AGM held at Yarâ€™Adua Centre, one shareholder after the other
The post Shareholders hail management as Julius Berger declares N1.50 dividends appeared first on Nigerian Pilot: Most trusted Nigerian
JUSTICE Micah Wrights of ECOWAS Community court yesterday in Abuja, handed down a $250,000 fine to Ghanaian government over abuse and alleged unlawful killing of 15 years old Ogukwe Obioma. The Judge while delivering the judgment, established that Ogukwe Obioma the Nigerian teenager studying in Ghana, has his right violated and abused which led to
The post ECOWAS court slams $250,000 fine on Ghana over unlawful killing of Nigerian appeared first on Nigerian Pilot: Most trusted Nigerian Newspap
Gunmen suspected to be members of Greenlanders cult group, on Wednesday and yesterday, invaded two communities in Omoku, headquarters of Ogba/Egbema/Ndoni local government area, killing at least 11 people, including a pregnant woman. Nigerian Pilot gathered that the cultists had on Wednesday night, kidnapped two persons, including a popular medical doctor known as Dr. Erike
The post Gunmen unleash mayhem, kill 11 in Rivers appeared first on Nigerian Pilot: Most trusted Nigerian Newspaper.
Governor of Bauchi State, Alhaji Mohammed Abubakar, enjoined Corps members posted to Bauchi State to use the period of their service and get themselves integrated through the learning the language and culture of the people of the state. The governor represented by the state Acting Head of Civil Service, Alhaji Liman Bello stated this yesterday
The post Bauchi Gov enjoins corps members to integrate local language, culture appeared first on Nigerian Pilot: Most trusted Nigerian Newspaper.
Kogi State new Resident Electorial Commissioner, REC, Samuel Madaki Usman has called on politicians in the state to play politics without bitterness, stressing that contesting candidates for forthcoming re-run election should play the game by the rules. The REC made the appeal in Lokoja yesterday while addressing stakeholders, members of registered political parties, security operatives
The post Kogi: INEC urges politicians to eschew politics of bitterness appeared first on Nigerian Pilot: Most