The Court of Appeal, Abuja Division, has nullified the emergence of Ned Nwoko as the senator representing Delta North Senatorial District. The court in a decision on Thursday said the case instituted at the Abuja Division of the Federal High Court which resulted in the recognition of Mr Nwoko as the winner of the election[...]
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Mind blowing statistics: Netherlands earned $105bn from Agriculture while Nigeria earned $99bn from oil in an oil boom year. Read why here. More interesting statistics: Netherlands as a country has a land mass of 41.5sq.km while the size of only Niger State in Nigeria is 76.3sq.km Netherlands has a population of 16m people while Nigeria[...]
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The newly built Abuja Airport was commissioned during the first tenure of President Muhammadu Buhari. The project however was conceived and birthed by the Goodluck Jonathan administration. It incubated till it's full term when it was commissioned. One key lesson that is evident about the Nnamdi Azikiwe International Airport is the power of collaboration and[...]
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The Industrial Court has ordered the reinstatement of Mounir Gwarzo, suspended director general of the Securities and Exchange Commission (SEC). The court also ordered that the federal government pay him all entitlements. In his judgement, Sanusi Kado, justice of the industrial court, held that the minister of finance, named as the second defendant in the[...]
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5G is being heralded as a new dawn for cellular technology, with the promise of enormous bandwidth and previously unthinkable download speeds. But its appeal and general usefulness to the masses remains uncertain even as as an inevitable deluge of 5G enabled handsets is set to bombard the market. Samsung, Oppo, Xiaomi, One Plus and[...]
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The Economic and Financial Crimes Commission (EFCC) will on Friday, May 31, 2019, arraign the controversial official of the Joint Admission and Matriculation Board (JAMB), Philomina Chieshe, who claimed that the missing N36 million (Thirty Six Million Naira) JAMB proceeds in her custody was swallowed by a snake in Makurdi, Benue State JAMB office. [...]
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South African President, Cyril Ramophosa has announced the formation of his new cabinet barely four days after being inaugurated for his first full term in office. Ramaphosa took over from troubled Jacob Zuma last year and earlier this month led the ruling ANC to get another victory at the polls. Ramaphosa has[...]
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Former United States president Barack Obama has offered Lionel Messi and Argentina some expert advice ahead of next month's Copa America. Despite arguably boasting the competition's best player, Argentina have come unstuck in both of the last finals, losing to Chile on penalties in 2015 and 2016. Obama served as the United States' president from 2009 to[...]
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WikiLeaks founder Julian Assange has been moved to the heath ward of Belmarsh prison. On Wednesday night the company released a statement confirming the move, adding that they have "grave concerns" over the state of his health. At the start of this month Mr Assange was jailed for 50 weeks for skipping bail in 2012.[...]
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The Senate on Tuesday approved a $266m loan request for developmental projects in Niger State. The loan is the state’s Development Policy Operation credit facilities from the World Bank as well as the Islamic Development Bank. Also, on the same Tuesday, the Senate on Tuesday passed the Federal Capital Territory Appropriation Bill totalling N243, 374,511,077.00[...]
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Forbes estimates Rihanna’s net worth to be upwards of US $210 million (AU $303 million), with other publications quoting it as being US $260 million (AU $375 million). Because, what’s a casual $50 million here or there, right? Forbes have also given the Grammy-winning singer a ‘self made score’ of 10 – the scale aims to distinguish[...]
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Justice Adedayo Akintoye of a Lagos High Court sitting in Igbosere, on Tuesday, renewed a warrant of arrest against a former Super Eagles captain, Augustine Jay-Jay Okocha, over alleged tax evasion. The judge, like she did at the last adjourned date on April 15, renewed a warrant for Okocha’s arrest following reports from the counsel[...]
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Bello Matawallen-Maradun was yesterday sworn in as Governor of the besieged Zamfara State in a state ceremony. The new administration of Zamfara State has promised to reinstate the 1,400 workers who were employed by the immediate past Gov. Abdul’aziz Yari. Governor Bello Matawallen-Maradun announced this in Gusau yesterday while delivering his inaugural speech[...]
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Crude oil prices dropped Wednesday to $69 per barrel, representing about two percent reduction over its previous prices. Trade wars as well as supply constraints linked to the Organisation of the Petroleum Exporting Countries’ output cuts and political tensions in the Middle East offered some support, however.
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The National Pension Commission (PenCom) has disclosed that total pension assets in the country have risen to N9.030 trillion as at March 31, 2019, up from the N7.44 trillion it was in January. The commission which disclosed this in publication obtained on its website yesterday, said these assets have been judiciously and prudently invested in[...]
Read MoreChief executive officers of financial institutions have resolved to create and maintain what they term a ‘Black Book’ for the compilation of details of loan defaulters that will be shared among all their organisations. They also agreed to blacklist such high-profile debtors. The Body of Banks’ CEOs, as the group is known, announced this[...]
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Nasir el-Rufai, governor of Kaduna state, has announced that female civil servants in the state will get six months for maternity leave. Speaking after being sworn for a second term on Wednesday, the governor explained that the initiative is to ensure that children were adequately cared for, well-fed and receive all the nutrients they would[...]
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President Muhammadu Buhari will on Thursday depart Abuja for Makkah, Saudi Arabia, to attend a summit of Organisation of Islamic Cooperation (OIC). Garba Shehu, senior special assistant to the president on media and publicity, disclosed this in a statement on Wednesday. Shehu said the 14th summit of the OIC billed for Friday would be hosted[...]
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Chinelo Anohu-Amazu, former director general of the National Pension Commission (PenCom), has been appointed on the board of the University of Edinburgh Business School, Scotland, according to the Cable. The British institution said on its website that Anohu-Amazu was appointed alongside Joanne O’Callaghan, vice president of State Street Global Services. “Chinelo Anohu is a lawyer[...]
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Huawei Technologies unveiled an open lab for next-generation 5G wireless network in South Korea on Thursday, but kept the launch low-key given its recent blacklisting by the United States, a key security ally of the Asian nation. The Chinese tech giant, the world’s top producer of telecoms equipment, said it planned to invest about $5[...]
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Seyi Makinde, governor of Oyo, says the state cannot afford to pay the new minimum wage of N30,000. Makinde spoke while delivering his inaugural address on Wednesday. The governor said he believes each state should be allowed to decide the minimum wage of its workforce according to its financial capability. “Recently, the federal government announced[...]
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Nigerian banks made significant progress in recovering bad loans in 2018. That was the singular factor that powered profit performance in the year while revenue constraints remained. Some banks recorded significant write backs of previous credit losses, which seems to have continued to obscure the underlying industry problem in the core business. Net interest income[...]
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The National Bureau of Statistics (NBS) says Nigeria generated N289.04 billion from value-added Tax (VAT) in the first quarter of 2019, a decline from the N298.01 billion generated in Q4 2018. This is contained in a Sectoral Distribution of VAT report for the first quarter 2019 released by the bureau. This, it said, represented a[...]
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Governor Seriake Dickson of Bayelsa State has said the attack on the judiciary by some political actors was a threat to the nation’s foundation and the development of democratic governance in the country. He said the onslaught on the judiciary was aimed at weakening and destroying its independence, which should be condemned. Dickson in a[...]
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Wife of the Governor of Lagos State and Chairman of the Committee of Wives of Lagos State Officials (COWLSO), Bolanle Ambode, last Sunday, officially handed over to the wife of the Governor-elect, Dr. (Mrs.) Ibijoke Sanwo-Olu, at the emotion-laden event. At a brief handing-over ceremony in Lagos House, Alausa, Ikeja, Ambode lauded the vision of[...]
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