CBN Finally Agrees to Free the Naira, Funds Forward Contracts

Following the pressure mounted by the financial markets and analysts on the Central Bank of Nigeria (CBN) to allow the naira to be truly market-determined so as to attract offshore investors who have continued to remain on the sidelines, the CBN has finally freed the nation’s currency so that its rate on the Nigeria Interbank Foreign Exchange (NIFEX) will be determined by the interplay of demand and supply.

The central bank will equally fund the one-month forward contracts of $697 million this week, meaning that authorised dealers that bid on behalf of their customers for the contracts last month would be making a kill of almost N10 to the dollar, given that the naira fell to N292.25 on the interbank market last Friday.

Food, Energy Prices, Imported Items Drives Inflation Further to 16.5%

The Consumer Price Index (CPI), which measures inflation, rose by 0.9 percent to 16.5 per cent in June compared to 15.6 percent in May, according to the National Bureau of Statistics (NBS).

This is the fifth consecutive month that the headline index would increase relatively strong.

The increase in the month under review was attributed to energy prices, imported items and related products which continued to be persistent drivers of the core sub-index.

Ibrahim Idris says Solomon Arase left With 24 Police Vehicles

The acting Inspector-General of Police, Ibrahim Idris, says his predecessor, Solomon Arase,  went away with 24 police vehicles while the seven Deputy Inspectors-General of Police, who retired alongside him, also carted away between seven and eight cars each.

Idris stated that he had written Arase to return the cars, which included two official bullet-proof BMW 7 series cars, adding that the retired police chief and his DIGs had yet to return the vehicles.

The IG, who said this during an interview with journalists on Sunday in Abuja, explained that a special investigation team was already looking at the records of police vehicle purchases in the last three years as well as how they were distributed.

Africa Union Launches Passport that is Accepted in 54 African Countries

The long-awaited African Union (AU) passport was on Sunday launched at the opening ceremony of the 27th Ordinary Session of the Assembly of the AU Summit in Kigali, Rwanda.

The Assembly is made up of heads of states and gov­ernments of the 54 member states of the AU.

The AU Commission’s Chairperson, Dr Dlamini Zuma, presented the pass­port to the Chairperson of the union, President Idriss Deby of Chad and President Paul Kagame of Rwanda.

Zuma, in her address, said the passport was a landmark achievement of the commission and was intended to help with regional integration of people of the continent.

‘Dalung Didn’t have any meeting with us’ – Niger Delta Avengers Say Minister of Youth doesn't know his work

The leading militant group operating in the oil-rich region of southern Nigeria, the Niger Delta Avengers, has denounced a report that its members met with Nigeria’s youth minister, Mr. Solomon Dalung in Delta State over the weekend.

In a statement issued on the Avengers’ website on Monday, July 18, 2016, the militants said that Mr. Solomon Dalung is incompetent and claims that he met with members of the group in Delta State are false.

(READ) ICC President Writes Editorial Assuring Victims Of Genocide, War Crimes Of Justice

Inside the courtrooms of the International Criminal Court, ICC, and in local communities, we are hearing the voices of those who have survived some the world’s most heinous crimes. Stories of tremendous loss. Stories of human suffering that could have – and should have – been prevented. “I lost my entire family.” “I have lost my dignity.” “The only hope I have left is for justice.”

In our own lifetimes, in conflicts unfolding even today, atrocities have been planned and executed, leaving behind victims of widespread or systematic crimes. Societies across the globe have been deeply scarred and divided by crimes such as attacks on civilians, murder, using child soldiers and rape as a tool of war. Violence in one place inevitably causes instability in others. For some, this may seem a distant if disturbing fact, but for hundreds of thousands of others, it is their only reality.

VIDEO: Arsenal new signing, Takuma Asano cries after playing final game for boyhood club

Takuma Asano could not hold back tears as he made his final appearance for Sanfrecce Hiroshima ahead of joining Arsenal.

The Gunners snapped up the Japan international earlier in July for around £3 million and Asano bid farewell to his boyhood club on Sunday following a 2-2 draw with Yokohama Marinos.

Asano, who won two J-League titles during a three-year spell with Sanfrecce, addressed the fans and was visibly emotional as he looks ahead to the challenge of breaking into the Arsenal first team.

Watch video below:

There is a grand plan to eradicate Christians in Nigeria - CAN

The General Secretary of the Christian Association of Nigeria, CAN, Rev. Musa Asake has lamented the President Muhammadu Buhari’s silence on the continued killings of non-Muslims.

Alake, in an interview with the Punch on Sunday, joined many Nigerians to condemn in strong terms the murder of a Redeemed Christian Church of God early-morning preacher, Eunice Elisha.

He said, “I really don’t know that’s not the first killing. I don’t know why this is happening; we have security agencies in Nigeria.

Chris Giwa to raise N20bn for Nigeria Football Federation

Chris Giwa has said his board will raise N20billion for the Nigeria Football Federation (NFF).

The owner of Giwa FC, who is embroiled in a leadership tussle with incumbent NFF, Amaju Pinnick, says he plans to maximize the commercial aspect of football in the country.

“Every product and brand in our football will be maximized towards the business possible propensity to meet the N20 billion income that Nigeria football is valued to be worth if possibly harnessed,” he said.

NUC Boss reveals Nigerians studying abroad begging to return home (See Why)

The Executive Secretary of National Universities Commission (NUC), Professor Julius Okojie, has disclosed that some Nigerian students studying in foreign countries are seeking transfer to Nigerian universities.

Okojie, who spoke during an interactive session with newsmen at the weekend, in Abuja, said some parents and students had also realised that some universities abroad which their children were attending were substandard and that in some cases, they offered unapproved programmes.

He added that the request to transfer home was further heightened by the scarcity of the foreign exchange.

Major-General drags Army, Defence Minister, others to court over Compulsory retirement

One of the Army Generals recently retired by the Army Council, Major-General Nwokoro Ijioma, has dragged the Nigerian Army, Minister of Defence, Chief of Defence Staff and Chief of Army Staff to the National Industrial Court over his purported compulsory retirement from the Nigerian Army.

In an originating summons filed by Chief Mike Ozekhome on his behalf, Major-General Ijioma wants the court to declare his purported compulsory retirement from the services of the Nigerian Army, illegal.

PDP chieftains run to Ribadu to rescue party from total collapse

Some leaders of the Peoples Democratic Party, PDP, have called on the former chairman of the Economic and Financial Crimes Commission (EFCC), Mallam Nuhu, to rescue the former ruling party from total collapse.

This call became imperative following the endless leadership tussle between the Ali Modu Sheriff-led faction of the PDP and the Ahmed Makarfi-led Caretaker Committee.

Leadership reports that ahead of the Port Harcourt convention of the party slated for August 17, some party chieftains are rooting for Ribadu to take over the helms of the leadership of the party.

Criminals making efforts to key into Amnesty Programme - Rivers State Govt

The Rivers State Government says some criminals have started making efforts to key into the amnesty programme offer by the state governor, Nyesom Wike.

Speaking when he appeared on a radio programme monitored in Port Harcourt, the State Commissioner for information and communication, Austin Tam-Gorge said the special adviser to the governor on Amnesty had been receiving calls from those he described as hardened criminals who had promised to lay down their arms and embrace the amnesty offer.

How the meeting between Min. of Youths and Niger Delta Avengers went...

Minister of Youths and Sports, Solomon Dalung, has disclosed details of his discreet meeting with the Niger Delta Avengers (NDA).

Dalung said he traveled to Oporoza in Gbaramatu kingdom in Delta State last Wednesday for a face to face chat with the agitators as part of the federal government’s commitment to ending bombing of oil installations in the region.

Dalung told newsmen at the end of a stakeholders’ meeting of the Southern senatorial zone of Plateau State, that he took a two-hour journey to the creeks via the sea.

Uche Secondus says President Buhari trying to kill PDP through EFCC

Former acting chairman of the Peoples Democratic Party (PDP), Uche Secondus, has accused President Muhammadu Buhari of using the Economic and Financial Crimes Commission (EFCC) to subdue the opposition.

Lamenting the arrest and prosecution of members of the PDP in the past year, Secondus told The Punch that Buhari’s aim is to “kill” PDP.

EFCC interrogates Olu Falae over #DasukiGate

The Economic and Financial Crimes Commission, EFCC, has picked up and quizzed former Secretary to the Government of the Federation, Chief Olu Falae.

His arrest and interrogation were in connection with his alleged role in the $15bn arms scandal.

Falae was quizzed for hours by investigators at the commission’s office on Thursday.

Punch reports that Falae had in February admitted to collecting N100m from a former Chairman of the Peoples Democratic Party’s Board of Trustees, Chief Tony Anenih, during the build-up to the 2015 presidential election.

Femi Adesina says some of Buhari’s appointments not subject to federal character

Femi Adesina, the Special Adviser on Media and Publicity to President Muhammadu Buhari, has explained why many people believe that the President is biased in his political appointments.

Adesina, who admitted that Buhari’s appointments were more favourable to some regions, said other regions would not be left out as there were still many appointments to be made.

Speaking on a Channels Television programme on Sunday, the Presidential aide said: “there are some (appointments) that are not necessarily subject to the federal character.”

Telecom Giant, Globacom sack 54 power engineers

Nigeria’s first indigenous telecommunication company, Globacom has sacked 54 power engineers across the country.

“This serves to inform you that your services are no longer required by Globacom Limited,” content of the sack letter published by The Cable reads.

“Consequently, you are advised to report to the Human Resources Manager, Globacom Manpower Services Limited the outsourcing company, with immediate effect.

Touching! Last Facebook post of Police officer, Montrell Jackson, killed in Baton Rouge

Montrell Jackson, one of the 3 officers who was killed on Sunday morning by gunman, former marine Long was a new father of one. 9 days ago, during the chaos of the 2 black men killed in Baton Rouge, Louisiana and Minnesota, Montrell took to his FB page to share his disappointment in family members, friends and colleagues who were making inappropriate comments about police and the shootings. 

He wrote:

Taylor Swift claps back at Kanye and Kim West for branding her a 'liar' after releasing Famous video

Taylor Swift has hit out at Kim Kardashian and Kanye West over claims she lied about giving song approval to the rapper over track Famous.

The award winning songstress took to Instagram after the row was the subject of the latest episode of Keeping Up With The Kardashians and insisted she was being painted as a "liar" and was never given the "full story" about the track.

See post below:

Suspected kidnappers beyond recognition in Benue (Extremely Graphic Photo)

Two suspected kidnappers were burnt beyond recognition at Bristow roundabout in Gboko area of Benue state today July 17th. The men were reportedly on the verge of kidnapping a woman when they were apprehended and the jungle justice was meted on them by a mob. A third member of the kidnapping syndicate was about to be burnt when police swooped in and saved him from the mob. He is now in police custody.

President Buhari brags "I will win again if presidential election holds today"

President Muhammadu Buhari has boasted that he is still as popular as he was during the 2015 presidential election.

Buhari said this in an interview with the magazine, African Leadership.

His words: “Yes, I was elected by an overwhelming majority of Nigerians, and I am ever grateful for the opportunity I have been given to serve.

Kim Kardashian brands Taylor Swift a liar, post secret recording where the songstress called the song 'Famous' a compliment

Controversy still surrounds Kanye West 'Famous' video where he features lots of celebrity naked in bed. One of such celebrity who seem pissed with the video is Taylor Swift, she 'hit the roof' saying she never gave Kanye West permission to use the lyrics that involved her, calling it "misogynistic."..especially the part where he said he'd like to f*ck her and that he made her famous. Claiming that releasing the song with those lyrics was illegal.

Noble Igwe claps back OAP Freeze for talking about his wife then "Peace Out", Lol

OAP Daddy Freeze shared food that his bae made and wrote that she made the most delicious Egusi soup ever, with smoked catfish fish, okporoko head, grass cutter, 'tozo' meat from a mature cow, along with some wholesome Eba! As a starter, catfish pepper soup was served. The he went ahead and tweeted that it is great to have a beautiful woman that doesnt cook like @noble_igwe does, but for him, he’d rather have both!! Well, Noble Igwe saw it and called him out for mentioning his wife and Freeze apologises adding that he meant no disrespect. 

Lovely! Actress Tomi Odunsi and Seun Fadina's pre-wedding photos

Tinsel actress, Tomi Odunsi and Seun Fadina who had their formal engagement ceremony in Lagos yesterday, July 17th 2016, shared their pre-wedding photos.

Actress Tatyana Ali weds boyfriend of 2 years, Dr Vaughn Rasberry

American Actress Tatyana Ali (best known for her role along with Will Smith in the Fresh Prince of Bel-Air) and her boyfriend of 2 years, Dr Vaughn Rasberry, tied the knot in front of 120 people on Sunday at the Four Seasons Hotel in Beverly Hills. The 37-year-old actress is pregnant with Rasberry's child. Ali wore a custom-made Amsale gown  with a touch of Carribean roots.

Rapper Azealia Banks insults US president Barack Obama for his Statement after Baton Rouge Shooting

Amidst the current shooting that rocks the United States, most recently the shooting 6 police officers which left 3 dead and 3 others injured, US president Barack Obama called on all Americans to stop the violence and unite as one, adding that a threat to law enforcement officials is a threat to every American.

Skyrocketing Medical bills leaves Nigerian mothers and their newborn Baby trapped in hospitals (PHOTOS)

Some Nigerians mothers are held for moths in maternity wards, forbidden from leaving until their debts are settled. 23-year-old single mother Amarachi Amadi (pictured) is still in the hospital with her baby girl four months after giving birth in Umuahia, Abia State, Reuters Foundation reports. While the mother and her daughter are in good health, they are not allowed to leave the public hospital until Amadi settles the 543,000 naira bill for their care.Amadi, who makes a living selling stones to construction workers for 40 Naira per sack, fears she may never be able to clear her debt - leaving her and her baby trapped in the Umuahia Federal Medical Centre (FMC) for the foreseeable future.

PHOTOS: Face of the man who killed 3 Policemen on his 29th birthday

The man who shot three police officers dead and injured three others in Baton Rouge has been named as Gavin Eugene Long from Kansas City. He shot 6 people on his 29th birthday.

According to CBS News reports, 29-year-old  Long was a former Marine who was honorably discharged after achieving the rank of sergeant, before becoming a life coach and self-styled 'Alpha-preneur' under the name of Cosmo Setepenra,

Stop acting like grandfather of Corruption – Fayose to Buhari

Ekiti State Governor, Mr Ayodele Fayose has urged President Mohammadu Buhari to stop acting like the grandfather of corruption in Nigeria by shielding his men from the probe, just as he asked Nigerians to demand the release of the authentic report of the Committee on Audit of Defence Equipment Procurement in the Nigerian Armed Forces.

He described claim by the federal government that the probe panel only looked into procurement and contracts awarded by the military between 2011-2015 because documents regarding procurement from 2007 to 2010 were not available as a clear indication of his support for corruption.