NAIRA RECORDS MIXED TRADING AT OFFICIAL MARKET, BDCS
The Naira on Friday closed trading on astable terrain against the dollar at theofficial market.The News Agency of Nigeria (NAN)reports that the naira was traded at N155against the dollar.At the Bureau De Change (BDCs), the nairatraded atN169 to the dollar at the close ofthe week compared with N166 it tradedon Wednesday.
‘HOW NIGERIA CAN BENEFIT FROM $9BN OBAMA POWER REFORM FUND’
PROFESSIONAL bodies in Nigeria shoulddevelop bankable projects to attractfunding from the $9 billion Obama PowerReform Agenda, a renowned engineer,Eleojo Negedu, has said.
COME CLEAN ON MONUMENTAL MALABU SCANDAL, APC TELLS JONATHAN
The All Progressives Congress (APC) haschallenged President Goodluck Jonathan tourgently speak out and take action on themonumental Malabu oil scandal that is rocking hisAdministration and again putting Nigeria under theglobal searchlight as a corrupt nation.In a statement issued in Lagos on Sunday by itsNational Publicity Secretary, Alhaji Lai Mohammed,the party said President Jonathan must end hissilence on the matter since half of the 1.1 billionUS dollars paid to Malabu Oil and gas for oil fieldOPL 245 by two oil majors was allegedly used tobribe Nigerian officials, who in turn used theproceeds to buy private jets and armouredlimousines.It said that since the deal to pay Malabu the hugefunds was brokered and passionately defended bythe Jonathan Administration, it stands to reasonthat officials of the same Administration will knowone or two things, and perhaps are part and parcel,of the whole scandal.
