Chinese President Xi Jinping Shijiazhuang (China) – Former deputy head of the coal department of China’s National Energy Administration, was sentenced to death with a two-year reprieve on Monday for accepting bribes and holding a huge amount of assets from unidentified sources. Wei Pengyuan, was found to have taken …
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A former Minister of Defence, Musiliu Obanikoro, has reported to the Economic and Financial Crimes Commission. Obanikoro was accompanied by eight associates and friends to the Office of the Economic and Financial Crimes Commission around 1pm on Monday. The former Minister of State Defence arrived in Lagos from the United …
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President of the Dangote Group, Alhaji Aliko Dangote, has vowed to crash the price of fertilizer before the end of next year, so as to boost agricultural production and guarantee food security in the country. Speaking at a forum in Abuja, Dangote said Nigeria’s fertilizer production would rise by about three …
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American tycoon Frank McCourt on Monday officially completed his purchase of French Ligue 1 side Marseille, his communications office confirmed. The 63-year-old former owner of the Los Angeles Dodgers signed the necessary paperwork in Paris having entered into exclusive discussions to buy Marseille from owner Margarita Louis-Dreyfus on August 29. …
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Despite opposition from the National Judicial Council, the Economic and Financial Crimes Commission today began questioning two judges accused of corruptly enriching themselves in the course of their duty. The two Federal High Court judges, Mohammed Nasir Yunusa and Hyeladzira Ajiya Nganjiwa, were summoned to the Lagos Office of the …
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Latest ranking of the world’s richest people by Forbes has shown that oil tycoon and Nigerian Business mogul, Femi Otedola‘s net worth has plunged from $1.8 Billion to $550 Million as recession beat down a massive drop in the stock price of Forte Oil, the Nigerian Stock Exchange-listed petroleum marketing company. As …
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The National Bureau of Statistics has said energy and energy-related prices continue to be the largest increases reflected in the core sub-index. It stated that in September, the core sub-index increased by 17.7 per cent during the month, up by 0.5 per cent points from rates recorded in August (17.2 …
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The Abuja Division of the Federal High Court, on Friday, ordered the Independent National Electoral Commission, INEC, to recognise Mr. Jimoh Ibrahim, as the flag-bearer of the Peoples Democratic Party, PDP, for the November 26 governorship election Ondo State. The court, in a ruling delivered by Justice Okon Abang, made …
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The Central Bank of Nigeria has approved a Special Secondary Market Intervention Retail Sales for airlines operating in the country to enable them to access foreign exchange. The Deputy Director, Press and Public Affairs, Ministry of Transportation, Mr. James Odaudu, announced the plan in a statement in Abuja on …
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President Muhammadu Buhari has said that he does not know which party his wife, Aisha belongs to. Buhari made the statement while on a state visit to the German Chancellor Angela Merkel in Berlin, Germany. Buhari-Aisha When asked, the AP news agency said Buhari laughed it off and said: “I don’t …
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