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Source: Xinhua    2016-04-17 22:24:34 LAGOS, April 17 (Xinhua) -- Nigeria's plan to increase the availability of renminbi (Yuan) has already favored the Naira against the U.S. dollar, a top official with the Association of Bureau De Change Operators of Nigeria said Sunday. Aminu Gwadabe, President of the Association disclosed this to reporters in Abuja, saying since the announcement, the Naira had appreciated by 10 naira against the dollar. The Industrial and Commercial Bank of China Ltd and the Central Bank of Nigeria signed a deal on Yuan transactions, as a way to resuscitate the current currency slump in Nigeria. The deal meant the Yuan will flow freely around Nigerian banks and will even be included in the country's foreign exchange reserves. Since 2014 when Yuan was recognized as a likely global reserve currency, Ghana, South Africa and Zimbabwe have integrated the currency into their financial markets. Gwadabe said the dollar

President Muhammadu Buhari of Nigeria Nothing better justifies the need to now collectively push for the establishment of state police in Nigeria than the current security challenges facing the country and for which the police now seems overwhelmed. It is now common knowledge that the security of life and properties of the citizens remains a cardinal objective of setting up a government. Nigeria, a country of an estimated 174.2 million people only grapples with 370,000 policemen with analysts estimating the ratio of one policeman to 100,000 citizens. Even a machine or robot would not be effective when thrown into use in this kind of a situation. It is even worsened by the fact that politicians and political office holders, top businessmen and wealthy Nigerians have policemen posted to serve them, thus further depleting the ranks against the citizens who are now forced to resort to self-help. In many streets in various communities, residents now employ the services o

Muno and Paul Okoye Muno Oriero, the first artiste signed to Paul Okoye’s Rudeboy Recordz, has cleared the air on speculations that he is a potential replacement for Peter Okoye, one half of the P-Square.Muno, who is still basking in the euphoria of the success recorded by his debut singles (Never Regret & Slow Slow), reiterated that irrespective of what people say, Peter remains an integral part of P-Square, and no one can take his place. “For crying out loud, Peter and Paul are not just brothers –they are twins, so it is reasonably impossible to come in-between them. Twin brothers may quarrel, but the special bond between them cannot be underestimated. Blood is thicker than water. “They have both inspired me in many ways, and I respect them a lot. I actually count myself really lucky for the privilege of working closely with the most successful twin brothers in Africa, and maybe in the world,” Muno stated. Speaking on the recently settled rift between Pete

Gianni Infantino, FIFA president The offices of European football’s governing body Uefa have been searched by Swiss police. It follows the naming of ex-secretary general Gianni Infantino – now president of world governing body Fifa – in papers leaked from Panamanian law firm Mossack Fonseca. Meanwhile, a Fifa official also named in the papers – Juan Pedro Damiani – has resigned. Infantino has denied wrongdoing while Uefa says it is helping police. While working for Uefa, Infantino co-signed a television rights deal in 2006 with two businessmen who have since been accused by the FBI of bribery. Cross Trading – owned by Hugo Jinkis and his son, Mariano – bought TV rights for Uefa Champions League football in 2006 for $111,000 (£78,000) and immediately sold them on to Ecuadorian TV broadcaster Teleamazonas for $311,170 (£220,000). Cross Trading also paid $28,000 (£20,000) for the rights to the Uefa Super Cup, selling those to Teleamazonas for $126,200 (£89,000). The

Cristiano Ronaldo Manchester United have been offered the chance to re-sign Real Madrid forward Cristiano Ronaldo, 31, for £48.2m this summer. (Sport – in Spanish) Manchester City boss Manuel Pellegrini, who will be replaced by Pep Guardiola in the summer, is in talks with Valencia about succeeding Gary Neville as the club’s manager. (Star) West Bromwich Albion are to offer manager Tony Pulis an extension to his contract. (Telegraph) Paris St-Germain striker Zlatan Ibrahimovic’s agent has revealed that the 34-year-old is still keen to play Champions League football and wants to remain playing at the highest level. His contract with the French side ends this summer. (RMC Sport via Manchester Evening News) The Ligue 1 champions have identified Arsenal forward Alexis Sanchez, 27, as a possible replacement for Swede Ibrahimovic. (AS – in Spanish) Chelsea will move for Bayern Munich midfielder Arturo Vidal, 28, in the summer. Incoming Blues boss Antonio Conte managed the C

Facebook has launched an Agency Ambassador Programme for Africa as part of its drive to equip its agency partners with the skills and information they need to make the most of Facebook as a marketing and advertising platform. Agency Ambassadors have a direct line to Facebook and receive extensive training to help them become their agency’s expert in Facebook’s tools, technologies and solutions. Delegates representing 32 top media agencies from four countries (Nigeria, Ghana, Kenya and South Africa) gathered at a three-day summit in Johannesburg from 29 March to 1 April, where a Facebook team from around the world trained them to become Africa’s first Facebook Agency Ambassadors. The collaborative training equipped participants with the resources they need to understand how to drive real business results through digital marketing, and in turn share this knowledge within their organizations. The forum also afforded an opportunity for the agency representatives to prov

Prof Wole Soyinka arriving the home of late Tunji Braithwaite Photos By Idowu Ogunleye Nigerians from all walks of life began paying condolence visit to the family of late Tunji Braithwaite at his Lagos country home. Nobel Laureate, Prof Wole Soyinka also paid the family a visit. Prof Wole Soyinka arriving the home of late Tunji Braithwaite Ayo Obe and Prof Olu Akinyanju Ayo Opadokun signing the condolence registar L-R: Ayo Opadokun chatting with Olumide Braithwaite and Mrs Grace Braithwaite L-R: Dr.Amos Akigba, late Tunji Braithwaite’s wife, Grace Braithwaite and General Alani Akinrinade Family and friends arrive the residence of Tunji Braithwaite A portrait of late Tunji Braithwaite

Gridlock on the Lagos Ibadan Expressway as a result of the fallen tanker at Asese Ibafo, Ogun State Photo: Idowu Ogunleye Photos: Idowu Ogunleye A tanker conveying petroleum product has fallen on the very busy Lagos-Ibadan expressway causing gridlock and a standstill. Here are pictures from the scene. Gridlock on the Lagos Ibadan Expressway as a result of the fallen tanker at Asese Ibafo, Ogun State Photo: Idowu Ogunleye Gridlock on the Lagos-Ibadan Expressway as a result of the fallen tanker at Asese Ibafo, Ogun State Photo Credit: Idowu Ogunleye Men of the Ogun State Fire Service cleaning up the littered petrol Photo Credit: Idowu Ogunleye Residents scooping fuel from the fallen tanker at Asese Ibafo, Ogun State. Photo Credit: Idowu Ogunleye

Police detectives at State Criminal Investigation Department, SCID, Panti, Yaba, have arrested a pastor and charged him before Ebutte Metta Magistrates’ court for his alleged involvement in fake spiritual healing in Lagos State, western Nigeria. Pastor Samson Onyeka allegedly obtained N1.2m from one of his church members, Mrs Temitope Akinbowale to procure her a bottle of anointed oil from abroad to cure her aged mother of an undisclosed ailment. The incident happened at Ikola road in Ikola, Ipaja where the victim resides. The church is also located there. P.M.NEWS gathered that the victim approached Onyeka to express her worries over her mother’s sickness and her desire to have her healed. Onyeka sympathized with her and promised that he would pray and ask God to heal her. He also allegedly asked her to bring the money to buy holy oil from Israel which will heal her mother automatically. After the victim allegedly paid the money, he gave him the so-called anoint