Elite Info

Anyone unwilling to support the President Muhammadu Buhari-led administration has been advised to tobe ready to ‘kiss Nigeria goodbye’. The Chairman of the Presidential Advisory Committee Against Corruption (PACAC) Prof Itse Sagay (SAN) said this while speaking with newsmen. He added that the ongoing anti-corruption war led by the present administation needed the support of all Nigerians and not unnecessary criticisms. Sagay said that some ‘stupid’ Nigerians who have been fighting against Buhari’s war against corruption should realize that the president was elected to save the country from collapse. He said, “Nigerians should not tolerate corruption. They should stop saying stupid things like when there was corruption, life was easier. “There are some stupid Nigerians who talk like that forgetting that at that time oil was $110 per barrel and now its $37, forgetting that at that time the Niger-Delta Avengers did not destroy anything and we are getting 2.7 million barrels a...

Acting President Yemi Osinbajo has been applauded by Senator Ben Murray-Bruce for the continous fall of the price of Dollar against the Naira. The Naira was traded between 400 and 460 against the dollar at the parallel market on Friday. In a tweet posted on Saturday, Bruce admitted that whatever Osinbajo is doing is “magic” and urged him to teach “his boss”. He wrote: “Whatever the acting President is doing to increase the value of the Naira is working. We appeal to him to teach his boss this magic he has!” At the beginning of this week, the Naira was traded for over 500 at the parallel market. Traders expect the Naira to sell for less than 400 to a dollar, if the boost in liquidity by the CBN is sustained.

Aisha Buhari, wife of Muhammadu Buhari, presidential candidate of the All Progressives Congress, APC has debunked rumours that her husband is ill and being hospitalized in a London hospital; DAILY TIMES reports. Speaking to newsmen at the Westminster Plaza Hotel, in Waterloo, Mrs Buhari said, ”He’s just come here to rest. He’s just here to have a rest, at least a few days rest before he goes back to business”. ”When asked if her husband was in hospital, she said, ”I’m hearing it for the first time”.

We have just had what looks like the best week for Nigeria’s foreign exchange (forex) market, just on the heels of its worst week (last week). After tumbling to an all time low of N520/USD1, Naira began to appreciate early last week following a swift roll-out and execution of counter-speculation measures by the Central Bank of Nigeria, CBN. The good news is not really about the appreciation of the local currency. It is all about the policy response to one of the most vicious ‘currency war’ going on in Nigeria today. Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele Like most issues in Nigeria, the standard concept of currency crisis does not apply here. A currency crisis depicts a state of low or absence of confidence in a local currency to earn and sustain exchange rate stability. On the surface, this appeared to be the situation in Nigeria. But on a deeper insight into the nature of demand and speculative positions taken against the Naira in the past 20 months, it ...

Big Brother Naija fake housemates, Ese Eriata and Jon Ogah have been evicted from the game. Ese and Jon were sent into the house two weeks ago just for the purpose of causing drama and were not competing for the N25million prize. You will recall that  last Monday, Big brother nullified all the housemates nominations which kept all of them in suspense after several housemates were found to be conspiring with each other, eg Ese and Jon then Kemen and Marvis. There was also a twist to the game this evening as all the housemates except Bally and Bisola have been up for automatic eviction which means the eviction show which usually takes place on Monday night has been cancelled. The Head of House(HOH)task will take place at that time instead and the winner of the task is automatically immune from eviction for the week. Bisola and Bally who have immunities are on vacation for some days.

It would take a live video call to Nigerians from President Muhammadu Buhari to put to rest the controversies his health status has generated. The Leader of the House of Representatives, Femi Gbajabiamila said this in Abuja while responding to questions from the media on the President’s extended medical vacation in London. Gbajabiamila said that if he were in President Buhari’s shoes, he would do a video call to speak to Nigerians. He also said he would advise him to do so, if he were in a position to advise him. According to him, it was better to address the nation one time as against speaking to individuals and small groups of people, in different instances, from London. He, however, said the fact that Buhari has not addressed the nation collectively through a video-conference call does not mean he has committed an illegality, but described it as a different approach to quelling the controversies surrounding his medical trip to London. The House Majority Leader said: “...

All Progressives Congress, APC, leader, Asiwaju Bola Ahmed Tinubu, has said that he could contest for a political office in the near future including the Presidency whenever the right opportunity presents itself. Tinubu spoke on the sidelines of last weekend’s swearing-in of Ondo State Governor, Rotimi Akeredolu, in Akure, even as he chastised public criticisms of the management of the health condition of President Muhammadu Buhari. Asiwaju Bola Ahmed Tinubu He urged Nigerians to put aside disbelief and pray for the continued good health of the president.  Tinubu, who witnessed the inauguration of his onetime protégé, who he ironically fell out with last year, also dismissed insinuations of squabbling in the leadership of the APC.  Asked by reporters at the inauguration ground the possibility of seeking political office, including the Presidency, he said: “You see, there is nothing wrong with such ambition. It depends on the timing and the environment and wha...