Naija Latest 247

Tinubu Did Not Assist Me Into Becoming APC National Chairman – Oyegun

2017-04-24T16:38:00.002+01:00

The National Chairman of the All Progressives Congress, APC, John Oyegun has said a National Leader of the party, Bola Tinubu was not responsible for his emergence as the ruling party’s National Chairman.

Oyegun made the remark in an interview with Vanguard while responding to a question that some people are alleging that he has not been fair to those who assisted him to emerge National Chairman of the party, especially, Bola Tinubu.

The APC Chairman insisted that everybody in the party and not a particular individual aided his emergence.

According to Oyegun, “Everybody assisted me to this position and I am grateful to all of them. The only thing is my personality and integrity; I don’t joke with these two things because they are the only currency that I have and I will defend them at any time.

“I don’t believe one particular person solely assisted me to this position, everybody assisted me and someday, the story of how I became chairman of APC will be told.

“You will then see that everybody did assist me to become National Chairman. This means that I am there for everybody. I don’t belong to any camp in the APC. I belong to all members of APC high and below.”

Isiaka Adeleke's Corpse Being Buried In Osun (Photos)

2017-04-24T16:34:00.003+01:00

A former governor of Osun state, Isiaka Adeleke who died at the early hours of yesterday April 23rd has been laid to rest at his country home in Osun state.

Peter Okoye's Photos In Owerri Hotel With A Busty Lady Got Nigerians Talking

2017-04-24T16:31:00.001+01:00

Recently, a facebook slay queen shared pictures from her night of fun with Peter Okoye of PSquare in a hotel. Trust Nigerians to react.

Tired Looking Traffic Warden Sleeping At A Junction In Abuja (Photos)

2017-04-24T16:27:00.000+01:00

According to a Facebook user, Timmy who shared the photos, this tired looking Traffic Warden was caught sleeping on Duty at Aminu Kano/Glo Office Junction, Wuse 2, Abuja on Sunday. Like they always say, you can't cheat nature right?

Fan Blasts Uriel About The Tboss Payporte Dress Saga, Checkout Her Reply

2017-04-24T16:23:00.001+01:00

Ex Big Brother Naija Star, Uriel Oputa replied a fan who said he hated so much for having issues with her because the dress she modelled for Online Store and Big Brother Naija Sponsors, Payporte are selling faster than the dress(es) Uriel models for.

The troll with the username @_kokoisbae wrote, "I hate this Uriel so much . I just heard Uriel and Tboss had issues with Payporte some days ago. Pretender Uriel, are you jealous of Tboss? I know u are pained that Payporte is using her and the clothes she is modeling are selling out faster"

She replied with; "@_kokoisbae U need to ask what happened no one had issues my Gosh pls just go with your negative vibes pls... I Think Tboss is a beautiful woman I don't have anything to prove to you...understand this very well.. I pay my bills and my mothers medical bills I run a business I'm all about love..."

Why so much hate in Nigeria sef?

Source: Jamienaija

Majid Michel Buys Audi A5 Coupe (Photo)

2017-04-24T16:19:00.000+01:00

Congrats to the Ghanaian Actor, Majid Michel who shared photos of his newly acquired Audi A5 Coupe which reportedly costs about $40,000.

Pasuma Bags Chieftaincy Title In Badagry

2017-04-24T16:16:00.001+01:00

Fuji legend, Pasuma, was yesterday at Badagry named HANSIGAN of the universe, meaning boss of all musician. He shared the good news on his instagram page with the caption "alhamdulilahi"

Mikel Obi Baby Mama, Olga Replies A Nigerian Who Advised Her On What To Feed Him

2017-04-24T16:10:00.001+01:00

In a reply to an instagram user who tried to advise her on what to feed her boyfriend after Mikel Obi was pictured eating a late of spaghetti and meatballs.

The fan, A nigerian with the username @iamjennykedo wrote: "Spaghetti is not an African Man favourite @mikel_john_obi deserves better.... Learn how to prepare Fufu or pounded yam with bitter leaf soup or Oha soup,".

Mikel Obi's babymama has decided to reply her by saying that is not the only way to a man's heart.

Toke Makinwa In New York With 'On Becoming'

2017-04-24T16:03:00.000+01:00

Popular Nigerian vlogger and media personality, Toke Makinwa took her book tour to Brooklyn, New York as she continued her US tour after a brief detour to the New York University where she held a closed door session at the popular varsity with Prof Lilian Ajayi who had invited the author for the lecture.

She turned up for her book, On Becoming media round in the capital city garbed in a sparkling gown from Lanre da Silver Ajayi.

Styled by Harvella Styles with makeup from Juicy Looks, the ace radio and tv presenter was absolutely gorgeous in her look which got put together by Remi Fagbohun.

Thin Tall Tony Tours 30 Universities In Nigeria

2017-04-24T15:59:00.001+01:00

Big brother nigeria 2017 ex housemate, Thintalltony is set to embark on a tour to 30 Universities in Nigeria.

Thintalltony in collaboration with 127 knights kreation would host a stage play titled REFLECTIONS in the 30 Universities that make their tour list.

The project is championed by a SAY NO SUICIDE CAMPAIGN initiated by the ex housemate as a result of the recent suicide incidents happening in the society.

However, the project aims at using theatre, music and dance to tell the younger generation who are the leaders of tomorrow that suicide is not the best option in situations of depression or frustration.

Furthermore, no exact date has been discloed on when the the tour is set to begin but an open call has been made for representatives from Universities in Nigeria.

N'golo Kante Crowned PFA Player Of The Year

2017-04-24T15:56:00.001+01:00

CHELSEA midfielder N’Golo Kante landed the prestigious Professional Footballers’ Association player of the year prize on Sunday night.
The Frenchman, who is on course to win a second successive Premier League title after also being part of the Leicester side which upset the odds last season, secured the most votes from his fellow players.

The Frenchman, who is on course to win a second successive Premier League title after also being part of the Leicester side which upset the odds last season, secured the most votes from his fellow players.

He saw off competition from Chelsea team-mate Eden Hazard – who won the award in 2015 – plus Tottenham’s Harry Kane, Everton striker Romelu Lukaku, Zlatan Ibrahimovic of Manchester United and Arsenal’s Alexis Sanchez.

Kante said: “To be chosen by the players to be player of the year means a lot to me.
“It means the world to be chosen and it’s been two beautiful seasons, one with Leicester, and we are in good form with Chelsea. To be player of the year, it’s a great honour.”
On his move from Leicester to Stamford Bridge, Kante continued: “It’s a different type of playing, but with the manager, with the players, everything is easy, because we work a lot to be good in the games. It’s working very well.”
Asked about the influence of boss Antonio Conte, the former Boulogne and Caen player said: “He knows what he wants from the players.

Tottenham midfielder Dele Alli won the young player prize for the second successive season, Manchester City’s Lucy Bronze won the women’s player of the year award for the second time having also won it in 2014, and Birmingham’s Jess Carter topped the voting in the women’s young player category.
Former England captain David Beckham received the PFA’s Merit award for his contribution to the game.

Niger Delta Militants Threaten To Resume Bombings

2017-04-24T15:52:00.000+01:00

According to Punch, a coalition of militant groups in the Niger Delta region have threatened to resume attacks on oil installations in the region over alleged unfulfilled promises by the Federal Government to the people of the oil rich region.

The militant groups , under the aegis of the Coalition of Niger Delta Agitators , said in a statement sent via email to our correspondent on Sunday that the Federal Government , under the leadership of President Muhammadu Buhari , was not sincere in resolving the crisis in the Niger Delta.

The statement was signed by the leader of Niger Delta Watchdog , ‘ General ’ John Duku; ‘ General ’ Ekpo Ekpo of the Niger Delta Volunteers , ‘ Commander’ Henry Etete of the Niger Delta People’ s Fighters and ‘ Commander ’ Asuquo Henshaw of the Bakassi Freedom Fighters.

Duku, who also signed as the leader of the coalition , recalled in the statement that nothing had happened since the Pan Niger Delta Elders ’ Forum met with the President in November 2016.

He added that PANDEF persuaded them ( militants) to sheathe their swords and embrace dialogue.

The statement said , “ There is no more time ; the Federal Government must act now and show seriousness and commitment to the plight of Niger Delta or we will be forced to resume attacks.

“ We must make sure we liberate our people from the slavery of the Nigerian state. We believe that the Federal Government will not be surprised to see another crisis in the Niger Delta and they should not blame anyone if such happens.

“ The Federal Government , under the leadership of President Muhammadu Buhari , is not sincere in resolving the Niger Delta crisis . ”

They described the visit to the Niger Delta region of the Vice -President Yemi Osinbajo , who was the acting President then , as a camouflage and tactics of the Federal Government to achieve its normal crude oil production in the area.

The statement added , “ We know very well that the visit of the Vice -President ( then Acting President ) to oil producing states was a big scam , camouflage, deceit and delay tactics by the Federal Government to achieve its normal daily crude oil production.

“ We want to state here clearly that we are tired of all unfulfilled promises ; we are tired of developing Niger Delta in the media , we are tired of the Vice- President ’ s unending meetings without follow -up actions. ”

FG To Reward Whistle-blowers On Illegal Weapons – Presidency

2017-04-24T15:47:00.001+01:00

The National Security Adviser, Maj-Gen. Babagana Munguno (rtd) has began work on a template for the discovery and recovery of illegal weapons through a reward system.
Malam Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, confirmed this development in a statement issued in Abuja on Sunday.
According to the presidential spokesman, the Office of National Security Adviser (ONSA) is adopting the whistle-blowing approach so as to eradicate mass shooting incidents and remove the harassment of law abiding citizens by holders of illegal weapons.
He said the proposed adoption of the whistle-blowing policy on illegal weapons by the Federal Government followed the success of the policy in the recovery of huge amount of questionable and stolen funds by the Economic and Financial Crimes Commission (EFCC).
Shehu, therefore,said the presidency had started drawing up the rules of a whistle-blower mechanism to throw a spotlight on the regime of gun ownership and control as a bold move to prevent and eradicate illegal ownership of small arms and light weapons in the country.
He said that this would be a sort of searchlight on weapons ownership in the country, adding that the aim was to disarm communities especially those with proclivity to violence.
“In the last few days, we had discussed the efforts the administration is making to strengthen the whistle-blower mechanism in the Ministry of Finance, which to date has proved to be very effective in bringing the attention of the government to stolen assets and unexplained wealth.
“The ONSA initiative may be an independent line of inquiry or in active collaboration with what the government is doing in Finance. This will be a sort of searchlight on weapons ownership in the country.
“Whatever form or shape it takes, the administration wants to take a tough line to curtail the large number of illegal weapons in circulation used in intra and inter-communal conflicts,’’ he said.
Shehu disclosed that the ONSA had already inaugurated a committee saddled with the responsibility of the recovery of small arms and light weapons in the country
The blowing policy, which has been approved by the Federal Executive Council (FEC) is meant to expose fraud and other related crimes in both the public and the private sectors.
The policy was devised by the Ministry of Finance aimed at encouraging anyone with information about a violation, misconduct or improper activity that impacts negatively on Nigerians and government to report it.
“If there is a voluntary return of stolen or concealed public funds or assets on the account of the information provided, the whistle blower may be entitled to anywhere between 2.5 per cent (minimum) and 5.0 per cent (maximum) of the total amount recovered,’’ Minister of finance Kemi Adeosun said.
The policy has recorded appreciable success as it has led to the discovery of billions of Naira in the last few months since it started.

Source: Vanguard

Mohammed Abacha Fights To Reclaim $1.3bn Oil Bloc, Sues FG, Shell, Agip

2017-03-20T13:53:00.001+01:00

Son of the late military Head of State, Gen. Sani Abacha, Mohammed, had begun a legal battle to reclaim the $1.3 billion Oil Prospecting Licence (OPL) 245, which was allocated to Malabu Oil Gas Limited. Mohammed Abacha is a Director and the largest shareholder of Malabu Oil Gas Limited. The two other major shareholders are Amafagha Kweku and Hindu Hassan.

There have been a couple of suits before different courts in recent time over the oil bloc. While the Economic and Financial Crimes Commission (EFCC) had approached the court seeking a forfeiture order of the said licence from Shell Nigeria Exploration and Production Company Limited, and Nigerian Agip Exploration Company Limited, the Federal Government had, in another suit, slammed a six-count corruption charge on a former Attorney General of the Federation and Minister of Justice, Mohammed Adoke (SAN); former Minister of Petroleum, Chief Dan Etete and nine others for their involvement in the sales of the oil bloc to Shell and Agip.
The newest of the suit was filed by Malabu Oil at the registry of the Federal High Court sitting in Abuja on Friday wherein Abacha joined the Federal Government and eight others over alleged illegal re-allocation of the oil bloc to Shell and Agip. Justice John Tsoho of the Federal High Court, Abuja had, on Friday, in the suit filed by the EFCC, reversed a forfeiture order it earlier granted against Shell and Agip as regards the oil bloc.
The forfeiture order was at the instance of an ex-parte application filed by the anti-graft agency praying the court to take over the licence of the oil bloc from the companies and return it to the Federal Government.
However, on Friday, the day the forfeiture order was reversed, Malabu Oil approached the court on ground that the Federal Government has no power to re-allocate the oil bloc to Shell and Agip while its (Malabu) rights and interests in the oil bloc is still pending. In the fresh suit filed by Malabu Oil through its lawyer, J.A Achimugu, the plaintiff is asking the court to grant an order compelling the Federal Government to restore the rights to the exclusive possession of OPL 245 to it.
Joined, as 1st to 7th defendants in the suit, were the Federal Government of Nigeria, Minister of Petroleum Resources, Shell Ultra Deep Limited and Shell Nigeria Exploration and Production Company Limited.

Others are Nigerian Agip Exploration Company Limited, EFCC and Chief Dan Etete. In a 29-paragraph affidavit deposed to by Mohammed Sani Abacha, he averred that Malabu Oil was incorporated in April 1998 with the Certificate of Registration number RC 334442, adding that the company was incorporated with a total share capital of 20 million ordinary shares.
Abacha further averred that out of the 20 million shares, he is holding 10 million shares, while Kweku and Hassan are holding six million and four million shares respectively.
He further stated that Etete does not directly or indirectly hold any shares in the company as there is no transfer of shares in his favour, even though he claims to indirectly hold 30 per cent shares of the company in the name of Amafagha Kweku, adding that there is no such transfer.

The son of the former Head of State also averred that Malabu had applied for Oil Prospecting Licence and same was granted by the Minister of Petroleum on April 29, 1998 via letters of allocation of OPL 214 and 245.
It was also averred that the company made payment of N50,000 as application fee, $10,000 as bid processing fees and part payment of or a deposit payment of $2,400,000 as signature bonus. According to him, “On the 2nd of July, 2001, the Federal Government and the Minister of Petroleum revoked the OPL 245. The plaintiff sued the Federal Government at the Federal High Court Abuja over the said revocation.

The matter went on appeal before the Court of Appeal, Abuja Division, in appeal no. CA/ A/99/M/06, but was subsequently resolved through an out-of-court settlement agreement executed by the parties namely: Malabu Oil and Gas Ltd. and the Honourable Minister of Petroleum resources on behalf of the Federal Government of Nigeria on November 30,2006.
“In pursuance of and in the perfection of the under standing in the out-of-court settlement agreement, the Federal Government issued a letter of re-allocation dated July 2, 2010, reallocating OPL 245 to the plaintiff.
The re-allocation of OPL 245 to Malabu Oil brought disputes between the Federal Government and Shell Nigeria Ultra Deep over production of sharing contract. “While the allocation to the Malabu Oil is still pending, the Federal Government, Shell, Agip and NNPC surreptitiously entered what they called, ‘BLOCK 245 RESOLUTION AGREEMENT’ dated April 29, 2011.

In spite of the acknowledgment of the subsisting rights and interest of the plaintiff on OPL 245, the plaintiff was not a party to, but deliberately and purposefully excluded from Block 245 resolution agreement of April 2011 to enable the parties to agree among themselves to allocate OPL to the 4th and 5th defendants,” he stated. Furthermore, the deponent stated that both Shell and Agip resolved to pay $1.3 billion to Etete purportedly in the name of the plaintiff but through the Federal Government as a facilitator.

He also averred that after the allocation of OPL 245 to Shell and Agip, the Federal Government forwarded its escrow accounts to the oil companies with details No. 41451496 IBAN: GB 30 CHAS 609242 411493 with J.P Morgan Chase Bank for Shell and Agip to enable them to effect the payment of the sum of over $1 billion into the Federal Government account.

“Sometimes in May 2011, Shell and Agip paid the sum of $801,540,000 into the escrow account with J.P Morgan Chase Bank. Sometimes in or about August 2011, the Federal Government caused the total sum of $801,540,000 to be paid into two unauthorised bank accounts opened by or at the instance of Etete in the name of Malabu Oil from the Federal Government escrow account,” he added.

He further noted that the said sum was paid in two tranches into two different bank accounts which is: First Bank of Nigeria Plc. with Account no. 2018288005 with the sum of $401,540,000 paid into it, while another $400,000,000 was paid into a Keystone Bank Limited with account no. 3610042472.

Abacha added that the two accounts were opened without the consent or knowledge of Malabu Oil and that same was operated by Etete, in the name of Malabu Oil of which he (Etete) was the sole signatory.

Abacha also averred that Malabu Oil did not, in any way, benefit from the payment of the said payment because Etete was the sole signatory to the two accounts. Malabu is, however, praying the court for a declaration that its rights and interest in OPL 245 granted or re-allocated to it is still valid and subsisting.

It also wants a declaration that not being a party to the Block 245 Resolution Agreement dated April 29, 2011 is not bound by the terms of the said agreement as it relates to or concerns OPL 245. In addition, the plaintiff is seeking a declaration that not being a party to the block 245 resolution agreement dated April 29, 2011, any payment purportedly made by the defendants into any bank account purporting to be the plaintiff’s bank account and or made to the 9th defendant purportedly in the name of the plaintiff was not payment made in pursuance of the said Block 245 Resolution Agreement.

Also, the plaintiff is seeking a declaration that the allocation of OPL 245 by the 1st and 2nd defendants to the 4th and 5th defendant’s via the 2nd defendant’s letter on May 11, 2011 titled: “Re: OPL 245 Resolution Agreement/ Letter of Award” while the plaintiff’s rights and the interests to OPL 245 was subsisting is in violation of the plaintiff’s exclusive right under paragraph 5 of the 1st schedule to the Petroleum Act to explore and prospect for petroleum within the area covered by OPL 245 and is, therefore, invalid, wrongful, null andand of no effect whatsoever.

The plaintiff also wants the court to give a declaration that the grant of OPL 245 by the 2nd defendant to the plaintiff in the exercise of the 2nd defendants powers under Section 2 of the Petroleum Act Cap. P.10 Laws of the Federation of Nigeria, 2004 does not constitute an offence under any penal law in Nigeria and OPL 245 is not the proceeds of any offence or crime under EFCC (Establishment) Act Cap. E1 Laws of the Federation 2004 or any other law in force in Nigeria.

The plaintiff, however, wants the court to make an order compelling the defendants to restore to it its right to the exclusive possession of OPL 245. It is also praying the court for an order of perpetual injunction restraining the defendants and in particular the 6th defendant from treating and or dealing with OPL 245 as a proceed of an offence and from interfering in any manner whatsoever and howsoever with the plaintiff’s exclusive right to explore and prospect for petroleum in the area of OPL 245.

It also wants an order of perpetual injunction restraining the defendants from carrying out any exploration or prospecting activities in connection with or in relation to the area covered by OPL 245. The suit is yet to be assigned to a judge.

Funke Akindele And JJC Skillz On A Honeymoon To Seychelles Island (Photos)

2017-03-20T13:50:00.001+01:00

Actress, Funke Akindele and Abdul Rasheed Bello aka 'JJC Skillz', got married in a private ceremony in London, back in August 2016. They have now gone on a honeymoon to Seychelles Islands. The excited duo revealed this on their social media accounts. See Photos below

Zahra And Ahmed Indimi At Rahma's 40th Birthday (Photo)

2017-03-20T13:45:00.001+01:00

Rahma, daughter of Billionaire Oil Mogul, Mohammed Indimi, turned 40-year-old yesterday and she celebrated it with an exclusive dinner party in Abuja. Her brother, Ahmed and his wife, President Buhari's daughter, Zahra, were present.

Nigerians React To Thin Tall Tony's Eviction From Big Brother Naija With Funny Memes

2017-03-20T13:44:00.001+01:00

We all know Nigerians on media react to anything and everything and apparently, Thin Tall Tony's case wouldn't be an exception, as they are all happy and even trolling on him after his eviction from the Big Brother Naija show tonight...

He was up for nomination this week alongside 3 other housemates: Tboss, Debbie-Rise, and Efe but it's a pity he didn't survive it.

Trust Nigerians with their hilarious pix and comments below...

Mercy Aigbe Steps Out With Her Beautiful Teenage Daughter (Photo)

2017-03-20T13:43:00.001+01:00

Nollywood Actress, Mercy Aigbe stepped out with her teenage daughter, Michelle. They both look gorgeous, isn't it?

Housing Scheme: FG Pledges Equal Opportunities For All Nigerians

2017-03-20T13:10:00.001+01:00

The federal government has pledged that the housing units to be built under the Federal Housing Scheme (FHS), will be allocated to all Nigerians, irrespective of their states’ of origin and economic status in society.
Minister Of Power, Works and Housing, Mr Babatunde Fashola made the pledge yesterday in Maiduguri while speaking to newsmen shortly after inspecting some federal projects in Borno state.
He said qualified residents in every state will be given equal opportunities to own a decent house, regardless of their tribe or state of origin.
“The ultimate beneficiaries of these houses under the Federal Housing Scheme; will be the residents of the states, where the houses are being built to meet the national housing needs of all people residing in the 36 states of the federation.
“I prefer to use the word residents to indicate people who live or work in the states where the houses are built rather than those who are indigenous to the state.
“Houses built in Bauchi, for example, were for the residents of Bauchi in Bauchi state.That is the workers in Bauchi, both from public and private sector, who qualified based on whatever premises used to decide allocation of the houses,” he said.
Fashola explained that the objective of the scheme was to deliver affordable houses to workers based on the National Housing Policy.
He noted that there is a national housing policy in place aimed at providing affordable housing but there has been no programme in place to deliver the houses.

Nigerian Man Proposes To His Malawian Girlfriend In A Romantic Way (Photos)

2017-03-20T13:04:00.001+01:00

A Nigerian entrepreneur, Diala-uka Bobby surprised his Malawian girlfriend Edna Muluzi after devising this means to propose to her. He took his partner into the bedroom blindfolded without her knowing what was already planned and the handsome guy who placed roses on the bed asking her 'Will You Marry Me', popped the question as soon as she entered the room... Luckily, she said YES to his proposal.

Ex Big Brother Naija Housemate, Uriel's Brother Comes Out as Gay

2017-03-20T12:58:00.001+01:00

Ex- Big Brother Naija housemate and fast rising singer, Uriel's brother who is in London allegedly confirmed he's gay.

Although, he quickly changed the caption immediately his fans started tagging bloggers but it was too late.

CBN Pumps $195Million To Enhance Forex Market, As Naira Firms Up

2017-03-15T17:27:00.000+01:00

THE Central Bank of Nigeria on Tuesday sustained the supply of foreign exchange to the market by releasing $195 million. The CBN acting Director, Corporate Communications, Isaac Okorafor, gave a breakdown of the release.

Okorafor said of the amount $150 million was released through wholesale auction and the remaining $45 million was for medicals, tuition, Personal and Business Travel Allowance.

Okorafor said the Bank acted promptly and proactively in line with its promise to keep the market liquid enough to meet the needs of genuine requests.

He said that banks were becoming saturated with foreign exchange, as most of them were now able to meet demands for foreign exchange within the stipulated time frame.

Okoroafor said: “As you can see all the pent-up demand for invisibles have been met to the extent that banks are urging customers to come and obtain forex.”

He reiterated the bank’s determination to continue to fund the importation of raw materials, plants and machinery for manufacturing, agriculture, and other eligible items.

He also assured that the apex bank remained resolute in ensuring stability in the forex market by keeping an eye on the activities of authorised dealers in order to ensure sharp practices were reduced to the barest minimum.

It will be recalled that the CBN had in the past two weeks pumped over $1.2 billion into the foreign exchange market to stem liquidity challenges faced by businesses and individuals.

Last week, the regulator pumped $170 million into the foreign exchange market, as foreign reserves hit $30 billion.

Meanwhile the Naira continues to firm up against the dollar at the parallel market.

The Naira on Tueday traded at N452 to a dollar as against N455 on Monday.

Compared to Monday’s sales, the Naira has also appreciated against the Pound Sterling, trading at N540, while it fell against the Euro, trading at N475 compared to the N470 it sold for on Monday.

At the Bureau De Change window, the Naira continues to trade for N399 to a dollar, while a Pound Sterling and Euro changes for N580 and N525 respectively.

The Nigerian currency also traded at N306 at the interbank window.

Lincoln Confirms New China-Made SUV To Suit Local Consumers

2017-03-15T17:20:00.000+01:00

Lincoln plans to produce luxury SUVs in China by late 2019, as it steps up its move into the world's largest auto market and aims to catch up with German and U.S. rivals that already manufacture here.

The plan is to build an all-new SUV to suit Chinese tastes, Lincoln China said in a statement. Ford Motor Co. plans to use an existing assembly plant it jointly operates with Chongqing Changan Automobile Co. to produce the Lincoln vehicles, a Ford spokesman in Shanghai said.

Lincoln vehicles are currently imported into China, and their sales have jumped nearly 180 percent in 2016, the statement said.

"The move to local production is a key next step in Lincoln’s evolution in China and will complement continued imports from North America," it said.

The statement gave no other details about the plans. The Ford spokesman declined to give the model's anticipated production volume or describe the model other than to say it is an SUV.

The Changan-Ford joint venture is in the process of getting approval for this move to produce Lincoln vehicles locally in China, said the spokesman.

Lincoln China President Amy Marentic told Reuters in October that the brand was studying whether to produce cars locally in China.

Lincoln was accelerating its entry into China with plans to have 65 Lincoln stores by the end of 2016, instead of previous plans of 60, with 80 planned for year end 2017, she said.

Marentic said the company would also open five to 10 smaller sales branches to tap into fast-growing auto sales in lower-tier Chinese cities.

Credit: Autoreportng

Tboss' Family Denies Marriage & Child Rumours After These Photos Went Viral

2017-03-15T14:26:00.000+01:00

TBoss, Big brother Naija housemate's photo went viral with a man and a baby. Nigerians started deducing from the picture that she is married and apparently, that is even the man with the private jet she mentioned in the house.

The family of TBoss when contacted, debunked the stories/rumours stating that the man in the picture is a family friend and the baby is the man's child. They also mentioned TBoss was never married nor with a child.

Cleaner Lagos: LASG Set To Recruit 20,000 Workers

2017-03-15T14:14:00.001+01:00

Lagos State Government is set to employ 20,000 youth through Ministry of Environment. Click on the link below to apply and share to inform as many as possible. Deadline is Friday, 17th March 2017.

N.B: Salaries more than Minimum wage

VISIT HERE TO APPLY