THE GUARDIAN
Nigerian President Muhammadu Buhari is to meet King Salman before travelling on to Qatar.
The official Saudi Press Agency reported late Monday that Buhari had landed in Riyadh, where the governor, Prince Faisal bin Abdulaziz, welcomed him.
It gave no details of the expected discussions.
Buhari arrived the week after Saudi Arabia and Russia agreed in Doha to stick to January production levels if others followed. READ FULL STORY
He said with the gap between the official rate of N199 and open market rate of over N400 to one dollar, the naira has already been devalued adding that President Mohammadu Buhari should stop deceiving himself and short-changing Nigerians, especially states and councils with his forex policy.
Fayose, noted that there was no time in the history of Nigeria that the gap between dollar official rate and open market rate was more than N200, stressing that it made no economic sense for the Federal Government to be calculating the country’s revenue on the basis of the Central Bank of Nigeria (CBN) official rate of N199 to a dollar while states and councils that are sharing the revenue with it run their businesses at the open market rate of over N400 to one dollar. READ FULL STORY
Onjeh, who stated this while speaking with The Guardian on INEC’s declaration of Mark as winner of the election said even as the election was free and fair in most places of the zone, he and his supporters totally reject the outcome, maintaining that it was not the true reflection of what transpired at the poll.
“I and my party supporters are consulting and after meeting with party leaders we will approach the tribunal, which we believe will declare me winner of the election. READ FULL STORY
According to a source close to the Olubadan-in-Council, the installation ceremony earlier scheduled to take place on February. 26 was postponed to March 4, sequel to an agreement with the state government.
It would be recalled that after the demise of the late Olubadan, Oba Samuel Odulana, High Chief Saliu Adetunji , the Balogun of Ibadanland emerged Olubadan -designate in line with the Ibadan chieftaincy system.
Meanwhile, the Olubadan-designate has said his coronation was delayed to give the late Olubadan, Oba Odulana a befitting burial. READ FULL STORY
NERC is asking the court to stay proceedings until its appeal against two previous rulings delivered by the judge is heard and determined by the Appeal Court.
Justice Idris had in one of the rulings barred NERC from implementing any upward review in electricity tariff pending the hearing and determination of the suit. The other ruling has to do with the dismissal of NERC’s preliminary objections to the suit. READ FULL STORY
SOURCE: GUARDIAN ONLINE
President Buhari in Saudi for oil talks
The leader of Africa’s number one oil producer was in Saudi Arabia Tuesday, with analysts forecasting his country’s eventual support for an output freeze to stabilise prices.Nigerian President Muhammadu Buhari is to meet King Salman before travelling on to Qatar.
The official Saudi Press Agency reported late Monday that Buhari had landed in Riyadh, where the governor, Prince Faisal bin Abdulaziz, welcomed him.
It gave no details of the expected discussions.
Buhari arrived the week after Saudi Arabia and Russia agreed in Doha to stick to January production levels if others followed. READ FULL STORY
Fayose urges devaluation of naira
Ekiti State Governor, Mr Ayodele Fayose has called for the devaluation of the naira following the continued fall in the value of the nation’s currency in the parallel market.He said with the gap between the official rate of N199 and open market rate of over N400 to one dollar, the naira has already been devalued adding that President Mohammadu Buhari should stop deceiving himself and short-changing Nigerians, especially states and councils with his forex policy.
Fayose, noted that there was no time in the history of Nigeria that the gap between dollar official rate and open market rate was more than N200, stressing that it made no economic sense for the Federal Government to be calculating the country’s revenue on the basis of the Central Bank of Nigeria (CBN) official rate of N199 to a dollar while states and councils that are sharing the revenue with it run their businesses at the open market rate of over N400 to one dollar. READ FULL STORY
Onjeh to challenge Mark’s victory
FOLLOWING the declaration of former Senate President, David Mark as winner of last Saturday’s re-run election in Benue South senatorial district, his closest competitor in the election, Daniel Onjeh of the All Progressives Congress (APC) has vowed to challenge his victory at the tribunal.Onjeh, who stated this while speaking with The Guardian on INEC’s declaration of Mark as winner of the election said even as the election was free and fair in most places of the zone, he and his supporters totally reject the outcome, maintaining that it was not the true reflection of what transpired at the poll.
“I and my party supporters are consulting and after meeting with party leaders we will approach the tribunal, which we believe will declare me winner of the election. READ FULL STORY
Ajimobi to install Adetunji, 41st Olubadan on March 4
Oyo State Governor, Abiola Ajimobi will on March 4, 2016 install Alhaji Saliu Adetunji, as the 41st Olubadan of Ibadan.Alhaji Adetunji , who is an entertainment mogul, would be crowned at the famous Mapo Hall. He is from the Balogun Lineage and is regarded as a liberal and progressive businessman.According to a source close to the Olubadan-in-Council, the installation ceremony earlier scheduled to take place on February. 26 was postponed to March 4, sequel to an agreement with the state government.
It would be recalled that after the demise of the late Olubadan, Oba Samuel Odulana, High Chief Saliu Adetunji , the Balogun of Ibadanland emerged Olubadan -designate in line with the Ibadan chieftaincy system.
Meanwhile, the Olubadan-designate has said his coronation was delayed to give the late Olubadan, Oba Odulana a befitting burial. READ FULL STORY
NERC fails to halt proceedings in suit against electricity tariff hike
JUSTICE Mohammed Idris of a Federal High Court in Lagos yesterday struck out an application by the Nigerian Electricity Regulatory Commission (NERC) seeking to stay further proceedings in the electricity tariff case. A lawyer and rights activist, Toluwani Yemi Adebiyi, had filed the action against increment in the electricity tariff approved by NERC.NERC is asking the court to stay proceedings until its appeal against two previous rulings delivered by the judge is heard and determined by the Appeal Court.
Justice Idris had in one of the rulings barred NERC from implementing any upward review in electricity tariff pending the hearing and determination of the suit. The other ruling has to do with the dismissal of NERC’s preliminary objections to the suit. READ FULL STORY
SOURCE: GUARDIAN ONLINE
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