• Police under pressure to drop charges against printers of fake INEC result sheet – Wike

    Police under pressure to drop charges against printers of fake INEC result sheet – Wike

    It was gathered that the Rivers State Governor, Nyesom Wike, has alleged that the Police were already under severe pressure to drop charges against those already in its custody in connection with the printing of fake results sheets of the Independent National Electoral Commission.

    Wike said this against the backdrop of the arrest of four persons by the police in connection with the printing of the INEC result sheet by the police on Saturday.

    The Police on Saturday raided the printing press […]

  • Naira pressure may push Sept inflation to 18.4% – FSDH

    Naira pressure may push Sept inflation to 18.4% – FSDH

    According to reports, the continued pressure on the value of the naira could result in September inflation hitting 18.14 per cent from the 17.61 per cent recorded in August, analysts at First Security Discount House (FSDH) have predicted.

    The experts, in a note, said: “We expect the September 2016 inflation rate (year-on-year) to increase further to 18.14 per cent from 17.61 per cent recorded in the month of August 2016. Most of the divisions, which contribute to the headline inflation are […]

  • EFCC under pressure to drop Patience Jonathan’s probe over $20m accounts

    EFCC under pressure to drop Patience Jonathan’s probe over $20m accounts

    According to reports, the Economic and Financial Crimes Commission has been under pressure to drop the probe of Patience Jonathan, wife of former President Goodluck Jonathan, for money laundering, according to sources within the agency.

    The anti-graft agency as part of investigations into a former Special Adviser to the President on Domestic Affairs, Waripamowei Dudafa, traced four company accounts containing $15.6m to him all domiciled at Skye Bank.

    Mrs. Jonathan had, however, deposed an affidavit insisting the monies belonged to her before […]

  • Don’t marry due to pressure, know your partner well – Judge tells intending couples

    Don’t marry due to pressure, know your partner well – Judge tells intending couples

    An Ilorin Area Court Judge, Mr Abdulquadri Ibrahim, has advised intending couples to know their partners well before entering into marriage to reduce the rate of divorce.

    Ibrahim told the News Agency of Nigeria (NAN) in Ilorin on Friday that many couples did not engage in enough courtship before marriage.

    He said that lack of understanding of their partners before marriage had made some couples to quit marriage after observing some behaviour of their spouses.

    “They are supposed to know each other long […]

  • Naira strengthens as CBN sells dollars to ease pressure

    Naira strengthens as CBN sells dollars to ease pressure

    The naira closed stronger at both the parallel and interbank markets yesterday, after the Central Bank of Nigeria sold foreign currency to further ease the pressure at the foreign exchange market.

    The CBN had last week sold dollars at the interbank market bringing the value of the naira to N308 to the greenback and traders said the apex bank had once again intervened yesterday after the interbank market recorded no trade for four hours after the day’s trading began.

    Traders said the […]

  • Buhari under pressure to replace Late James Ocholi

    Buhari under pressure to replace Late James Ocholi

    According to reports, Elders  of the All Progressive Congress (APC) in Kogi State, North-central Nigeria, have tasked President Muhammadu Buhari on the need for a replacement of late James Ocholi who died as minister of state for Labour and Employment.

    Ochili, a Senoir Advocate of Nigeria who represented Kogi State in the Federal Executive Council (FEC) died in a ghastly motor accident alongside his son and wife on Kaduna – Abuja Expressway, early this year.

    In a letter signed by, Isa Sani […]

  • I’m under pressure – Buhari cries out over Naira devaluation

    I’m under pressure – Buhari cries out over Naira devaluation

    President Muhammadu Buhari said the call for the devaluation of naira has put him under pressure. Buhari made this disclosure while briefing senior journalists on the ac­tivities of his government in the last one year.

    The President who said he was still agonizing over the call for the devaluation of naira said he needed to be educated on the issues. “My argument has been that those who devalue their currencies have developed economies, where there is local production and they export the excess. […]