Sentences with phrase «naira on»

For Nigerian traders, this means they can now buy bitcoin, litecoin, and ether using Naira on the exchange.

«Some of the other wasteful expenses include a sum of over N10m spent on the building of a website called O - JOB Portal, as well as several millions of naira on the maintenance of an aircraft which is hardly seen in Osun State.

«If you claimed you have spent about N8 billion naira on Opon - Imo, it is sure every secondary school student in Osun State must have the device.

A president that spend 18 billion naira on lubricants in one year is struggling to build a house.

The Naira on Friday depreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports.

Shell Nigeria Exploration and Production Company, in partnership with Nigeria National Petroleum Company, NNPC, has spent over three hundred million (N300, 000,000) naira on projects and procurement...

If the Presidency does not review these «bogus» allocations in its proposed expenditure, it may lose the moral right to advise the National Assembly against spending some billions of naira on purchasing cars for its members despite the fact that the legislators have already collected their car allowances plus other sundry emoluments.

Meanwhile, fire has gutted the popular Adekunle Sawmill in the Ebute Metta area of Lagos State, destroying Sawmill Goods worth millions of naira on Sunday.

The Naira on Friday depreciated against the dollar at the parallel market in Lagos.

The Naira on Friday depreciated against the dollar at the parallel market after posting days of appreciation.

Naira on Monday depreciated further at the parallel market amid growing shortage of the currency.

The Nigeria Politics Online also discovered that the business rakes in approximately five million naira on weekly basis.

Not exact matches

It now has a total market value of 57.3 billion naira ($ 188 mln) but gave no indication on Wednesday of how much the businesses for sale might fetch.

A year ago, on that day, the currency rate Australian Dollar to Nigerian Naira was: 234.635.

He is being arraigned before Justice A. R. Mohammed over a 9 - count charge bordering on money laundering to the tune of 3.1 billion Naira.

In a statement in Lagos on Saturday, the Minister of Information and Culture, Alhaji Lai Mohammed, also disclosed that Recoveries Under Interim Forfeiture (cash and assets) during the period totaled N126, 563,481,095.43 (One hundred and twenty six billion, five hundred and sixty three million, four hundred and eighty one thousand, and ninety five Naira, forty three Kobo; $ 9,090,243,920.15 (Nine billion, ninety million, two hundred and forty three thousand, nine hundred and twenty Dollars, fifteen cents; 2,484,447.55 Pounds Sterling (Two million, four hundred and eighty four thousand, four hundred and forty seven Pounds, fifty five Pence) and 303,399.17 Euros (Three hundred and three thousand, three hundred and ninety - nine Euros, 17 cents).

An inferno has razed down a filling station, 15 vehicles, and some nearby buildings along the Upper New Market Road, Onitsha, destroying property worth millions of naira, on Wednesday night.

One of the counts reads: «That you, Mrs. Diezani Allison Madueke (still at large) and Tijani Inda Bashir on or about the 27th day of March, 2015 in Nigeria within the jurisdiction of this Honourable Court directly took possession of the sum of N264, 880,000.00 (Two Hundred and Sixty - four Million, Eight Hundred and Eighty Thousand Naira) which sum you reasonably ought to have known forms part of the proceeds of an offence contrary to Section 15 (2)(d) of the Money Laundering (Prohibition)(Amendment) Act, 2012 and punishable under Section 15 (3) of the same Act.»

The naira weakened further against the dollar at the parallel market on Monday, exchanging at N357 for a dollar as against N350 it traded on Friday.

The data is unambiguous on current economic conditions - GDP growth in the last quarter of 2015 was a meager 2.11 % with full year growth of 2.79 % according to the National Bureau of Statistics (NBS); inflation rose sharply to 11.4 % in February with prospects of reaching 12 % by March; capital markets have remained bearish; according to UNCTAD Nigeria's FDI fell by 27.7 % to $ 3.4 billion in 2015, and on current trends may fall even more precipitously in 2016; the de facto exchange rate of the Naira for most producers and consumers is now N322 / $ even though CBN maintains a nominal N197 / $ for privileged persons; several economic sectors - construction, government, manufacturing, oil and gas and hotels and restaurants are in recession or barely out of it; government's official foreign reserves is down to $ 27.8 bn; and unemployment and under - employment rates have worsened 10.4 % and 18.7 % by the end of 2015.

The exchange rate now is over N270 per dollar, even as depreciation of naira is having a telling effect on the economy.

He speaks on issues in 2016 budget, the need for the Federal Government to prevent currency crisis in Nigeria, the decline in Nigeria's foreign trade by N2.5 trillion and depreciation of the naira.

The report, published on the Nigerian National Petroleum Corporation's (NNPC) website, showed it recorded a 59.40 million naira ($ 298,522) loss in September.

The charge reads: «Tajudeen Folaji and First Alstate Securities Limited on o r about the 3rd April, 2008 at Lagos within the Ikeja Judicial Division of this Honourable Court with intent to defraud, fraudulently converted 31,886,200 (Thirty One Million, Eight Hundred and Eighty Six Thousand, Two Hundred) units of IPWA PLC shares with a cumulative value of N331, 297,618.00 (Three Hundred and Thirty One Million, Two Hundred and Ninety Seven Thousand, Six Hundred and Eighteen Naira) property of Adesoye Holdings Limited»

Although properties worth millions of Naira were lost in the inferno which concentrated on the ground floor.

LAGOS — The Naira remained stable at N295 per dollar in the parallel market, yesterday, as Bureau de Change, BDC, operators await the release of modalities on how to source dollars from autonomous sources.

While leading the debate on the motion, Senator Danjuma La'ah said, «on the 23rd December, 2016 and even as we speak, communities of Ambam, Gaska, Dangoma, Tsonje, Pasankori, Gidan Waya and Farin Gada of Jama'a and Kaura local government area have been under serious attack by the herdsmen, resulting in several deaths, injuries, and wanton destruction of properties worth billions of naira».

Another charge reads: «That you, Kayode Odukoya, FirstNation Airways Limited and Bellview Airlines Limited, on or about the 7th day of October, 2016 in Lagos within the Lagos Judicial Division dishonestly converted for your own use the sum of N1, 742, 994, 962.04 (One Billion, Seven Hundred and Forty - one Million, Nine Hundred and Ninety - four Thousand, Nine Hundred and Sixty - two Naira, Four Kobo) property of Skye Bank Plc..»

«That you, AVM Olutayo Tade Oguntoyinbo whilst serving as Chief of Training and Operations, Nigerian Air force and the CEO / Managing Director as well as the sole signatory to the account of Spaceweb Integrated Services Limited with Wema Bank, on or about the 11th July, 2014 at Abuja within the jurisdiction of this Honourable Court did accept a gift in the sum of One hundred and Sixty Six Million Naira (N166, 000,000) from Societe D' Equipments Internationaux Nigeria Limited, a contractor with the Nigerian Air force in performance of your official act and you thereby committed an offence contrary to Section17 (a) of the Independent Corrupt Practices and Other Related Offences Act, 2000 and punishable under Section 17 (c) of the same Act».

«It is also on record that throughout Fayemi's tenure, the state was paying about N500, 000,000 (five hundred million naira) monthly to service all its commitment (both bond money and bank facilities).

The EFCC dragged Odukoya before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja on a four - count charge bordering on forgery, use of false information, perjury and stealing to the tune of N1, 741, 994, 962.04 (One Billion, Seven Hundred and Forty - one Million, Nine Hundred and Ninety - four Thousand, Nine Hundred and Sixty - two Naira, Four Kobo).

This technical committee will be constituted to also consider suggestion and contributions from relevant parties on the component of the half trillion naira (N500 billion) provided in the 2016 annual budget as palliatives» measures to cushion the negative fall - out of the deregulation of the down - stream sector of the oil and gas industry.

On one occasion, he confessed publicly and wrote in National newspapers (copy attached) saying that he spent over three billion naira (N3b) to destabilize and destroy my administration, using his own words.

He submitted that this singular act will «reduce pressure on naira and eventually increase value of naira against other world major currencies.»

Mover of the motion, Sen. Babajide Omoworare, prayed that every naira spent by the past government on SURE - P and other poverty alleviation programmes should be accounted for.

AUWAL who was arrested with the sum of three hundred thousand Naira (N300, 000.00) on him, is believed to be a drug supplier to the boko haram sect in Sambisa Forest.

The money is part of the sum of two million Naira (N2M) ransom, which the syndicate collected from Ayuba GAMALE, a staff of Industrial Training Fund (ITF), whose two (2) abducted family members were released on 14th March, 2018.

Count three: «That you Godsday Peter Orubebe while being a Minister of the Federal Republic of Nigeria in charge of Ministry of Niger Delta Affairs on or about September 19, 2012 asked for and accepted the sum of fifty million naira from one Pastor (Dr) Jonathan Alota, as bribe for the contract awarded in favour of his company, Chemtronics Nigeria Limited and you thereby committed an offence contrary to section 10 of the CCB & T Act, and punishable under Section 23 (2) of CCB & T Act.

Count four: «That you Godsday Orubebe, while being a Minister of the Federal Republic of Nigeria in charge of Ministry of Niger Delta Affairs, on or about 2013 asked for and accepted the sum of twenty million naira from one Pastor (Dr.) Jonathan Alota as additional bribe for the contract awarded in favour of his company Chemtronics Nigeria Limited for the construction of skill acquisition Centre at Edo State for the sum of one billion seven hundred and ninety nine million, nine hundred and fourteen thousand two hundred and fifty naira eighty eight kobo only (1,799,914,251.88 K) and you thereby committed an offence contrary to Section 10 of CCB & T Act.»

Justice Agbim noted that «the fuel subsidy fraud involved corruption and fraud on a very massive scale»; that it involved many oil companies and officials of government's regulatory agencies «looting and stealing of trillions of naira from the Federal Government of Nigeria and threatening the security and economy of Nigeria.»

President Muhammadu Buhari on Tuesday said since its inception in 2015, his administration has succeeded in recovering trillions of naira stolen by those he described as people without conscience.

On Monday, the Naira dropped to N383 against the United States dollar at the parallel market on Monday, -LSB-..On Monday, the Naira dropped to N383 against the United States dollar at the parallel market on Monday, -LSB-..on Monday, -LSB-...]

The Presidency has said that N2billion Naira, not an outlandish six billion as insinuated, has been has expended on maintenance of the presidential fleet by the Buhari administration between May and this November saying the amount also includes salaries and repayment of old debts.

From the President who has refused to act on investigative reports submitted to him on grievous allegations of diverting over a billion naira meant for resettlement of Internal Displaced Persons (IDPs) by the Secretary to the Government of the Federation, Babachir Lawal under the Presidential Initiative for the North East (PINE) and the miraculous discovery of 13billion naira in an apartment at Ikoyi, Lagos under the supervision of the Director of the Nigerian Intelligence Agency (NIA), Ayodele Oke, to the Head of Service of the Federation, Oyo - Ita Winifred Ekanem, who connived with others to reinstate into active duty and promote Abdulrasheed Maina, the former Chairman of the Pension Reform Task Team, who allegedly stole over 6billion naira pension fund; the Chief of Staff to President Buhari now renamed the «Thief of Staff», Abba Kyari, who allegedly received a bribe of 500million naira to negotiate a fine reduction for MTN Nigeria, and has continuously been in the heart of every sharp practices in the Presidency; the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who allegedly received a kickback of 3.8 billion naira in exchange for marginal oilfield using his brother, Dumebi Kachikwu as front; the Minister of Justice, Abubakar Malami, who was the brain behind the reinstatement of Abdulrasheed Maina; the Chief of Army Staff, General Tukur Buratai who during his time as the Director of Procurement at the Army Headquarters allegedly diverted funds meant to equip the Military into buying choice properties worth millions of dollar in Dubai; the Minister for Solid Minerals, Dr. Kayode Fayemi who allegedly embezled State Universal Education Board (SUBEB) funds as the Governor of Ekiti State; the Minister for Interior, Abdulrahman Bello Dambazau who was indicted by a Presidential investigative committee probing Arm procurement for awarding ghost contracts worth $ 930,500,690 with others while as the Chief of Army Staff between 2008 - 2010 and one of the brains behind the reinstatement of Abdulrasheed Maina; the Minister of Transportation, Rotimi Amaechi alleged to have stolent 142billion naira as the Governor of Rivers State.

The onus is therefore on the Kogi State Government to justify its request for 50.8 billion Naira, and to assure the CBN that the state is not seeing the funds as slush money.

At the parallel market, the naira, which has been under persistent pressure, closed at 424 to the dollar on Friday.

Following the soaring reigns and expansion strength of Guinness Nigeria Plc with its acquisition of distribution rights from its parent company, the company's revenues have been on increase as it accrues billions of Naira recently.

A Former governor of Benue State who is also a serving Senator at the hallowed chamber of the House of Assembly, George Akume on Saturday buried his elder brother, Gabriel Indyer Akume, Ter Mbakpo 1, in a multi-million naira palacial vault garden in his hometown, Terka in Benue State.

In the second case at an Abuja Federal High Court, Adoke and Abubakar were alleged to have on September 16, 2013 conspired to commit money laundering when they directly took possession of the sum of $ 2, 267, 400 and converted it to the Naira equivalent being the sum of N345.2 million using one Usman Bello, a bureau de change (BDC) operator.

The highlight of the launch was the presentation of a cheque for the sum of One Hundred and Seventy Six Million, Three Hundred and Fifty thousand Naira (N176, 350,000) to Hon. Aminu Sani Gumel, the Chairman of the Association of Local Governments of Nigeria (ALGON), Jigawa State on behalf of the 27 Chairmen in the state for the operation of the social security scheme where a grant of between N50, 000 and N100, 000 would be given to each polling unit across the state for minor infrastructure repair and social assistance.