The Federal Government’s insistence not to devalue the naira yesterday saw the local currency firming sharply on the parallel market against the greenback. The naira closed at between N300 and N310 to dollar, regaining about 20 per cent of its Tuesday’s N364 to dollar closing rate. The rates had opened …
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The Economic and Financial Crimes Commission has launched a fresh investigation into the alleged diversion of N4.4bn from the Nigerian Maritime Administration and Safety Agency into the accounts of top officers of the Nigerian Air Force. To this end, the EFCC transferred the immediate past Chief of Defence Staff, Air …
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FORMER General Officer Commanding, GOC, Movement for the Emancipation of the Niger-Delta, Government Ekpemupolo, alias Tompolo, Monday, denied issuing any ultimatum to President Muhammadu Buhari to withdraw military from the region or he would blow up oil pipelines. Tompolo’s Media Adviser, Mr. Paul Bebenimibo, said the purported statement was trending …
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Billionaire business man and Chairman of Capital oil, Ifeanyi Ubah, has said if given the chance, he can make the dollar return back to N200 within one month. Ubah said this during an Interview with Channels TV on February 21st. He said : “Look at the position of the Naira …
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Africa’s Richest man, Alhaji Aliko Dangote, GCON, will on Thursday,February 25 storms the Obafemi Awolowo University (OAU), Ile-Ife in Osun State, to be part of the 7th Prince Bola Ajibola Annual Public Lecture and Award Ceremony. The lecture is put together by Magna Curia Chambers, under Faculty of law, OAU.Dangote would …
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Scientists from Sweden have invented a new bizarre condom called the ‘Pant condom’ which they say gives 100 per cent protection against all STI’s. The claim that conventional condoms only protect the shaft of the pen!s while exposing the pubic region to other skin based bacteria, pubic lice and other …
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APC National Chairman, John Odigie-Oyegun yesterday said internal sabotage in the government agencies mainly filled by PDP appointees was the reason behind the sack of 26 Director Generals of government parastatals by President Buhari on Monday February 15th. Oyegun disclosed this to State House correspondents after leading the party leadership …
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The Nigerian Stock Exchange (NSE) on Friday moved 311.59 million shares valued N8.95 billion traded in 2,588 deals. This was against 414.35 million shares worth N3.29 billion exchanged in 3,380 deals on Thursday. GT Bank drove the volume of shares traded with an exchange of N138.16 million shares worth N2.28 …
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Former Minister of Finance, Dr Ngozi Okonjo-Iweala has dismissed allegations making the rounds that EFCC is investigating her as misleading and untrue. Okonjo-Iweala In a statement issued and signed by her Media Adviser, Paul Nwabikwu, the former Minister said the headlines are a misrepresentation of what the EFCC chairman actually …
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The two arms of the National Assembly, NASS, declared, yesterday, that the 2016 budget was full of errors, saying the document could no longer be passed on February 25 as earlier promised. This came on a day the Senate Committee on Gas Resources rejected the N200 million allocation demanded by …
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