The Senate has ordered the arrest of the chief executive officers of 30 companies for allegedly failing to appear before it. The companies are alleged to have been involved in the N30 trillion-revenue believed to have been lost by the country in its maritime sector. The companies include mobile giant Globacom, Crown Flour Mills, British […]
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The archbishop of Canterbury, Justin Welby, on Friday, paid a visit to President Muhammadu Buhari at Abuja House, London. Details of the Cleric’s visit was disclosed by Femi Adesina, presidential spokesman, where he said the archbishop and Buhari are friends. The presidential spokesman, went on to say that Welby said he was delighted to see […]
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The Lagos state government on Thursday arraigned 40 (28 adults and 12 minors) before a Yaba Magistrates’ Court for allegedly engaging in homosexual acts. The alleged homosexuals who are all males, were arraigned separately on a one-count charge. The adults were arraigned before Yaba magistrate court, while the minors were arraigned before Ebute-Metta magistrate court. Officers […]
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The International Monetary Fund (IMF) staff team, which visited Nigeria from July 20 to July 31, says non-performing loans across Nigerian banks have 6 percent in 2015, to 15 percent in 2017. The team led by Amine Mati, senior resident representative and mission chief for Nigeria at the IMF, discussed recent economic and financial developments, updated […]
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Barclays Bank has asked all expatriates with less than £100,000 deposit to close their accounts. This information was contained in a letter dated June 12, 2017. “The new minimum level will now be £100,000. Top up your savings and investments to £100,000 or more before 1 August 2017, to continue with the service, or close […]
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The Federal Executive Council (FEC), presided over by Acting President Yemi Osinbajo on Wednesday approved N20.6 billion for the reconstruction of two road projects in Plateau and Kwara states. The Minister of Power, Works and Housing, Babatunde Fashola, said this when he briefed State House correspondents on the outcome of the Council’s meeting held at […]
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The Federal Executive Council on Wednesday approved 27 new industries and products to enter into the pioneer status to give tax holidays to them for three years, to enable them grow and expand investments. The list was last reviewed in 2006 and the approval was to bring the industrial policy of the country to global […]
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Mr Nicolas Terraz, Managing Director/Chief Executive Officer Total upstream companies in Nigeria, on Wednesday said that the firm would boost the country’s daily oil production by 200,000 barrels from 2018. Terraz, who was represented by Mr Biodun Afolabi, Executive Director, Corporate Affairs and Services, said that the additional barrels would come from the company’s multi-billion […]
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Boko Haram insurgents launched a night attack on Mildu village in Madagali Local Government Area of Adamawa State on Tuesday, killing seven people and injuring about 10 others, residents and officials have said. Eyewitnesses said the rampaging insurgents stormed the village, which is about 6-7 km from Gulak, capital of Madagali Local Government Area, on […]
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The Movement for the Emancipation of the Niger Delta (MEND) has pulled its representatives out of the Pan Niger Delta Forum (PANDEF), a coalition of elders and leaders of the region. Jomo Gbomo, spokesman of MEND, who announced the withdrawal of his organisation in a statement, accused the leaders of the forum of being insincere. […]
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