• Naira weakens this week, analysts predict further weakness next week

    Naira weakens this week, analysts predict further weakness next week

    In recent weeks, Nigeria’s currency has nose-dived, with analysts seeing it weakening further next week amid a crackdown on black market currency traders.

    The naira fell 2.08 percent week-on-week, selling on Thursday at N480 to the dollar on the parallel market against 470 a dollar last week, while it was quoted by commercial banks at 314.80 a dollar on the interbank market. The naira has, however, consistently closed around 305.5 a dollar level since August via the official window.

    According to reports, […]

  • DPR rejects allegation of weak regulation in dirty fuel controversy

    DPR rejects allegation of weak regulation in dirty fuel controversy

    It was gathered that the Department Of Petroleum Resources, DPR, has refuted claims which indicted it of failed regulatory oversight in the importation of dirty diesel with more than 100 per cent Sulphur into the country by Swiss trading companies.

    It will be recalled that Swiss, watchdog group, in its publication titled; ‘Public Eye’, had attributed weak regulatory standards by Nigeria (DPR) and other African Countries that paved way for the importation of dirty diesel to the region.

    In a statement, the […]

  • Poverty rising, your economic team is weak – Pastor Femi Emmanuel tells Buhari

    Poverty rising, your economic team is weak – Pastor Femi Emmanuel tells Buhari

    Pastor Femi Emmanuel, the Presiding Pastor of Livingspring Chapel International, has urged President Muhammadu Buhari-led administration to focus its attention on the economy.

    The cleric said this in an interview with Newsmen on Wednesday while giving his view on the state of the nation.

    He said: “My assessment of the economy is that it is in excruciatingly painful; it ought to be better. The government should rise up and put smiles on faces of the people. We need a strong economic team […]

  • Jose Mourinho labels referee as ‘weak and naive’ after draw in Kiev

    Jose Mourinho labels referee as ‘weak and naive’ after draw in Kiev

     

    Chelsea boss, Jose Mourinho, has said that the referee was “weak and naive”, for failing to award his side a penalty, in their 0-0 draw at Dynamo Kiev on Tuesday night.

    The Blues felt they deserved a spot-kick in the first half, after Cesc Fabregas was challenged in the area by Serhiy Rybalka, but the officials waved play on.

    Mourinho told BT Sport afterwards: “The referee was weak and naive with the penalty.
    “I cannot understand what the referee behind the goal does, […]