AFRICAN NEWS FLASH

President Buhari today approved the appointment of four non executive directors for the central  Bank of nigeria .the new appointees are Adeola Adetunji,Prof mike obadan,Prof justitia Nnabuko and Prof ummu AHMED jalingo.with the appointment of the non executive directors , all is now set for the announcement of new management team for the Central Bank of Nigeria on Wednesday next week.the new management team will be headed by a former managing director of unity bank ,Mr Henry Semenitari.

Ahead of this Saturday’s national convention of the All Progressives Congress, APC, in Abuja, the Kwara state chapter of the party has stated that two groups led by “rogue members” of APC have been compiling fake list of delegates ahead of the convention. Disclosing that the decision to start compiling the fake list was taken in the house of a chieftain of the party in GRA, Ilorin, the party claimed that another group led by some Abuja-based politicians has procured branded buses and banners, vest and Ankara, etc to be used by the fake delegates and had even made accommodation arrangement at Wuse area of Abuja for their wanton delegates. The Publicity Secretary of the party in Kwara, Sulyman Buhari, made this known in a statement issued on Tuesday, adding that the two groups have been fishing for people on the streets of Ilorin to use as delegates and begging them to follow them to Abuja with a promise that they would be handsomely paid on their returns. The statement rea

A chieftain of the Peoples Democratic Party in Kwara State, Alhaji Kunle Suleiman, has warned leaders of the party against accepting the Senate President, Dr. Bukola Saraki back into the party. Suleiman, who gave the warning in Ilorin on Thursday in a press statement claimed that the Senate President is now an anathema in the state. He, therefore, appealed to the leadership of the PDP to stay away from Saraki if the party intended to win Kwara. Suleiman, a lawyer and founding chairman of the PDP in Kwara declared that any association with Saraki would lead to electorate voting against the PDP during elections. “The hope of PDP winning the state would be dashed the moment Saraki is associated with the party because the people have resolved not to go the way of Saraki again,” Suleiman added. Suleiman declared that it was erroneous to regard any group of politicians as new PDP (nPDP). He noted that since a splinter group led by Saraki left the party four years

The White House just announced the latest departure from President Donald Trumps administration :deputy chief of staff Joe Hagin, who played a key role in organizing the historic summit with North Korea’s Kim Jong un in Singapore

Former President Olusegun Obasanjo was among the personalities conspicuously absent at the Tuesday posthumous investiture of Chief Moshood Abiola as Grand Commander of the Federal Republic. Obasanjo however sent an apology to the event holding inside the Presidential Villa, Abuja. He said he was currently engaged outside the country. Gen. Ibrahim Babangida who annulled the June 12, 1993, presidential election was also conspicuously absent. He also sent an apology, attributing his inability to attend to health issues. The President of the Senate, Bukola Saraki, was also absent.

*COLLECTION OF FORMS FOR POLITICAL PARTIES FOR ALL ELECTIONS TO BE ISSUED TO CANDIDATES* *17TH AUGUST TO 24TH AUGUST 2018.* CONDUCT OF PARTY PRIMARIES INCLUDING RESOLUTION OF DISPUTE ARISING FROM PRIMARIES. *18TH AUGUST ENDS 07TH OCTOBER 2018.* *COMMENCEMENT OF CAMPAIGN BY POLITICAL PARTIES FOR PRESIDENTIAL AND NATIONAL ASSEMBLY   *18TH NOVEMBER 2018* *COMMENCEMENT OF CAMPAIGN BY POLITICAL PARTIES FOR GOVERNORSHIP AND STATE HOUSE OF ASSEMBLY *01ST DECEMBER 2018.* LAST DAY OF SUBMISSION OF FORMS CF001 AND CF002 AT INEC HQ (FOR ALL ELECTIONS) PRESIDENTIAL AND NATIONAL ASSEMBLY *18TH OCTOBER 2018.* GOVERNORSHIP AND STATE HOUSE OF ASSEMBLY *02ND NOVEMBER 2018.* PUBLICATIONS OF PERSONAL PARTICULARS OF CANDIDATES (CF001) PRESIDENTIAL AND NATIONAL ASSEMBLY *25TH OCTOBER 2018* GOVERNORSHIP AND STATE HOUSE OF ASSEMBLY *09TH NOVEMBER 2018.* LAST DAY OF WITHDRAWAL BY CANDIDATES/REPLACEMENT BY POLITICAL PARTIES. PRESIDENTIAL AND NATIONAL ASSEMBLY *17TH NOVEMBER 2018* GOVERNO

President Muhammadu Buhari on Friday approved the nomination of Mr. Folashodun Shonubi as Deputy Governor of the Central Bank of Nigeria, subject to Senate confirmation. The approval was contained in a statement by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu. Shonubi is currently the Managing Director of the Nigeria Inter-Bank Settlement System Plc – the financial payments, facilitation and settlement platform – which has been instrumental to the growth in electronic payments in the Nigerian financial industry. Before assuming the headship of NIBBS in 2012, Shonubi had garnered decades of executive-level experience in financial service operations, notably as Executive Director at Union Bank of Nigeria Plc, Renaissance Securities Nigeria Ltd and Ecobank Nigeria Plc.

The naira appreciated Monday as the Central Bank of Nigeria (CBN) approved an upward review of the trading margin for Bureau de Change (BDC) operators in the country. With the review, BDC operators will now buy the United States dollar from the CBN at N357/$ and sell same at N360, leaving the currency dealers with a margin of N3. The revision also means that BDCs will buy forex at the same rate that banks buy from the CBN for retail transactions such as BTA, PTA and for school fees. Previously, BDCs bought the greenback from the central bank at N360 and sold same at N362 to the dollar. Following the announcement, the naira gained N2 to close at N361 on the parallel market, higher than the N363 at which it sold last Friday. On the Investors’ and Exporters’ window, the naira also gained marginally to close at N361.32 to a dollar Monday, as against N361.12 last Friday. Confirming the review of rates for BDCs, the acting Director, Corporate Communications of the CBN, Mr. Isaac

They're back!  Prince Harry   and his new wife,  Duchess Meghan , have returned to London after their honeymoon, and Prince Harry is already back at work. While the exact destination of their luxurious escape remains a well-kept secret, the couple have returned to their home in the British capital and are settling into life as a married couple at their home in Kensington Palace. The duo, whose wedding on 19 May was watched with glee by fans across the globe, will no doubt be enjoying their slightly more relaxed life, now the stress of wedding preparations have passed. The pair's return to London had been eagerly anticipated, ahead of the Queen's official birthday celebrations,  Trooping the Colour , at Buckingham Palace on Saturday. Prince Harry and his new bride will join members of the royal family including  Prince William , Duchess Kate and their eldest children Prince George and Princess Charlotte for the celebrations. On the day, the royals travel in procession v

NABDA gets new acting Director General. The federal government has appointed Prof Alex uwadiegwu Akpa as the acting Director General of the National Biotechnology Development Agency.Prof Akpa is a fellow of the world Health Organisation.prof Alex Akpa is presently said to have four patents granted for his original inventions .