MidiaJunkie

Nigeria’s ailing President Muhammadu Buhari who has been away in London for almost three months has become the subject of a sports betting game in his homeland. A popular sports gaming site, NaijaBet.com, is asking those interested to stake their money on when Buhari who left Nigeria on May 7 on his latest medical trip to the British capital, would return. The company usually focusses on English Premiership, Champions League and other sporting events, but recently launched the ‘Buhari to Return’ game: To read full article - http://v.duta.us/FCyY-gAA

The Acting President, Yemi Osinbajo, on Sunday said the Federal Government would at the appropriate time convert the new official residence being built for the Vice President to another use. Osinbajo said this in a statement by his Senior Special Assistant on Media and Publicity, Mr. Laolu Akande, amid continued criticism of the project which is expected to gulp over N7b. The Chairman of the Senate Committee on the Federal Capital Territory, Dino Melaye, had disclosed recently that only the security post, also known as gateman's house, in the building will gulp N250m. To read full article - https://goo.gl/HpxgnP

Rolls-Royce has reported £4.6bn ($5.7bn) annual loss largely due to currency depreciation and payment of $808m fine to affected countries where it was involved in corrupt practices. According to a news agency, The Nerve, the motoring company had last month (January) apologised for the corruption case that centred around allegations that the group hired middlemen to broker deals in a number of countries including Nigeria, South Africa and Angola. In 2016, Rolls-Royce and its agent company in Nigeria, PSL Engineering and Control, ordered to supply gas turbines to power plants in the oil states of Bayelsa and Delta, were accused of various projects, especially to Oghareki power plant in Delta that cost $100m but was never completed. To read full article - https:// goo.gl /Ig3Kkw

The naira appears to have entered a free fall mode with the local currency selling for 516 per United States dollar on the streets of Lagos on Thursday. An economic expert, Mr. Henry Boyo, has predicted that the naira will hit 1000/dollar on the parallel market this year if the Central Bank of Nigeria fails to review its monetary policy framework. Meanwhile, analysts have predicted that the naira will face fresh pressure on the parallel market next week with dollar supply falling short of demand by persons seeking currency to pay school fees abroad as the CBN continues to ration forex for businesses. To read full article - https://goo.gl/d4mS74