Author: Kenneth Jukpor

…Dollar rises to over N600/$ at P2P platforms The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for what it called BDC Autonomous Foreign Exchange Trading Window (BAFEX), saying this would help to restore sanity to the market and save the naira from further debasement. ABCON said the mechanism, which would serve as a pathway to mainstreaming BDCs into the official foreign exchange (FX) management system, would enable its members to source foreign currencies from banks and other autonomous sources and offer a window for regulation of their activities. This comes as naira faces fresh volatility, slipping…

• Echoes Of Conspiracies In 1992, they featured in the transition to civil rule programme of military President Ibrahim Badamosi Babangida. One became a Senator; the other unsuccessfully sought to be President and Vice President. Alhaji Atiku Abubakar and Asiwaju Bola Ahmed Tinubu have been around in Nigerian politics. They belonged to the Social Democratic Party (SDP), which symbol was a white horse. Surviving the turbulence that followed the failed third republic, they featured prominently in the politics of the fourth republic: One became governor, the other jumped from the governorship seat he never sat on to the Vice Presidency…

Sergio Aguero admitted he was grateful to Manchester City as his former club prepared to unveil a statue celebrating their record scorer’s most famous goal. Aguero memorably netted the stoppage-time strike against QPR that sealed City’s Premier League title triumph at the Etihad Stadium in 2012. The Argentine forward’s 93rd minute goal gave City their first English title since 1968, with the added bonus of pipping arch rivals Manchester United on the last day of the season. Friday marks the 10th anniversary of Aguero’s dramatic contribution to City’s rise, which now includes five top-flight titles under the club’s Abu Dhabi-based…

The National Inland Waterways Authority (NIWA) has charged passengers and boat drivers to obey guidelines regulating waterways transportation. NIWA, while expressing condolence to the families of the victims of the Lagos boat mishap and government of Kastina State, said it would not relent on efforts to make inland waterway transportation safe. Recall that about 15 persons lost their lives on May 4 in a boat mishap that occurred around 11 pm in Mai-Adua Local Government Area of Katsina State, with President Muhammadu Buhari warning against the use of rickety boats, overloading and none use of life jackets by passengers. In…

The President, Major General Muhammadu Buhari (retd.), on Friday in Abuja, said a significant number of the outgoing members of the Federal Executive Council have been sufficiently equipped to aspire to higher elective offices, including the office of the President. The President said this at a valedictory session for 10 of his cabinet members who are vying for various electoral offices in next year’s general elections, according to a statement signed by the Special Adviser to the President on Media and Publicity, Femi Adesina. The statement was titled, ‘President Buhari to outgoing FEC members: Significant number of you sufficiently equipped…

The International Maritime Organisation (IMO) has said none of the audited African Member States has implemented the agreed Corrective Action Plan (CAP) of the IMO Member State Audit Scheme (IMSAS). The observation was made at the opening ceremony of a three-day workshop for heads of maritime administrations in the West and Central African region that commenced on Monday in Lagos State. The workshop is facilitated by the Abuja Memorandum of Understanding (MoU) on Port State Control for the West and Central African Region and IMO. IMSAS commenced as a voluntary scheme in 2006 and became a treaty obligation in January…

The Nigeria Investment Promotion Commission (NIPC) has called for the full operationalisation of the Domestic Export Warehouse initiative (DEW) initiated by the Nigeria Shippers Council (NSC) to ease logistics constraints at the ports. The NIPC Director General, Emeka Offor, during an interactive meeting with the NSC, yesterday, in Abuja maintained that the DEW project being implemented by NSC alongside other sister organisations would go a long way in addressing logistics issues in the non-oil sector given the gridlock at the ports. Mentioning that the DEW project is key to its operations, he said the agency is ready to collaborate with…

The Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) has called for the review of the act establishing the Council for Regulation of Freight Forwarding in Nigeria (CRFFN) on the Practitioners Operation Fee (POF). The National President of APFFLON, Frank Ogunojemite, made the call in his congratulatory message to the Minister of Transportation, Rotimi Amaechi, on the successful inauguration of the CRFFN Governing Board. He said since there was no provision of the POF in the CRFFN Act, the supervisory ministry should make sure its directives are in line with the provisions of the act to avert…

Alisson Becker was the spot-kick hero as Liverpool secured another penalty shoot-out triumph against Chelsea to win the FA Cup and keep their quest for an unprecedent quadruple alive. Just 76 days after the Reds edged past Thomas Tuchel’s men on penalties following a scoreless League Cup final, Wembley witnessed another gripping clash between these sides that went down to the wire. Nothing could split them after 90 minutes and extra time finished goalless again, with Alisson coming up trumps in the shootout as Liverpool won their first FA Cup since 2006. Edouard Mendy prevented Sadio Mane striking the winner…

Tiger Woods continues his comeback from severe leg injuries at next week’s PGA Championship after making a sensational return at last month’s Masters with plenty of curiosity over the state of his game. The 15-time major champion practiced last month at Southern Hills and excited fans hope he can improve on his 47th-place finish at Augusta National, where Woods called finishing 72 holes among his greatest career achievements. “Some of the players who are close to me have seen it and have seen some of the things I’ve had to endure,” Woods said last month. “It has been a tough…