Tributes to Music Legend Michael Jackson flow on 10th death anniversary

Hundreds of fans gathered around the grave of Michael Jackson to honor his memory on Tuesday’s 10th anniversary of his death, while the late King of Pop’s estate paid tribute to his artistry and charity. “Ten years ago today, the world lost a gifted artist and extraordinary humanitarian,” the Jackson estate said in a statement to The[...]

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Iran responds to Trump’s Sanctions in strong words- Read here…

Iran has warned that new U.S. sanctions targeting its supreme leader and other top officials meant “closing the doors of diplomacy” between Tehran and Washington amid heightened tensions, even as President Hassan Rouhani derided the White House as being “afflicted by mental retardation.” President Donald Trump called that a “very ignorant and insulting statement,” tweeting[...]

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Zimbabwe president insist currency now normal despite the currency being wiped out and replaced with foreign currency due to hyper inflation

Zimbabwe President Emmerson Mnangagwa said Tuesday that the crisis-hit country was returning to normal as it moved to end its foreign currency system that has been in operation for a decade. The country has used US dollars and South African rand since 2009 when the old Zimbabwe dollar was rendered worthless by hyperinflation as the[...]

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CBN gives banks three months to withdraw mutilated notes

The Central Bank of Nigeria (CBN), has opened a three-month window from June 3 to September 2, for customers across the country to replace their mutilated naira notes with new ones across all banks.   The new order is as a result of its resolve to finally replace mutilated, old naira notes in Nigeria, after[...]

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Trump signs executive order imposing sanctions on Iran over drone shootdown

President Donald Trump signed an executive order Monday imposing "hard-hitting" new sanctions on Iran in response to the downing of an unmanned U.S. drone last week. "We will continue to increase pressure on Tehran until the regime abandons its dangerous activities," including its nuclear ambitions, Trump told reporters in the Oval Office. "We do not[...]

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Sanusi: Nigeria on the verge of bankruptcy

Muhammad Sanusi, emir of Kano, says Nigeria is on the verge of bankruptcy following “unfavourable economic policies”. Speaking at a workshop the office of the accountant-general of the federation organised at government house, Kano, the emir opposed subsidizing petroleum products and electricity tariff. He advised President Muhammadu Buhari’s administration to take a different stance, saying[...]

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Yahoo Boy Sentenced to 35years Imprisonment in Kwara!

Kwara State High Court in Ilorin on Tuesday sentenced an internet fraudster, Temitope Charles, to 35 years in prison without an option of fine. The Presiding Judge, Justice Mahmud Abdulgafar, while delivering Judgement on a criminal charge brought against the convict by the Economic and Financial Crimes Commission (EFCC), pronounced the convict guilty and sentenced[...]

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UAE set to launch Premier Nuclear Power plant by 2020

The UAE's first nuclear power station is set to start operating by early 2020, Nawah Energy Company said on Monday. In a statement announcing the award of a maintenance contract for the Barakah Nuclear Energy Plant, Nawah said it is preparing to commence operations of the first unit between the end of 2019 and early[...]

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According to UNICEF, over 40million Nigerians Defecate Openly

No fewer than 47million (24.4 per cent) Nigerians are practicing open defecation, the United Nations Children’s Fund, UNICEF has disclosed. Disclosing this yesterday during a two – Media Dialogue on Sanitation – Clean Nigeria: Use the Toilet Campaign organised in collaboration with the Federal Ministry of Information, UNICEF, and supported by the European Union, UKaid,[...]

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Conservative Party to Declare Next British Prime Minister on the 23rd!

The winner of the contest to replace Theresa May as leader of Britain’s ruling Conservatives and prime minister will be announced on July 23, the ruling party said Tuesday. Former foreign minister Boris Johnson is the favourite in the race, battling Britain’s current top diplomat, Jeremy Hunt. The two candidates were chosen from a field[...]

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Crypto currency is back and better hitting a 15month High

Bitcoin surged above the $11,000 mark on Monday hitting a more than 15-month high, as a high-profile project from Facebook throws cryptocurrencies back into the spotlight. The digital coin hit an intraday high of $11,307.69 around 5:30 a.m. HK/SIN Monday, according to Coindesk’s Bitcoin Price Index, which takes into account the price of the cryptocurrency[...]

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Another day another tragedy, as House Collapses in Lagos

The building is said to have collapsed on Sunday at No 35, Adesanya Street, Mafoluku area of the Oshodi-Isolo local government area. Channels TV is reporting that Oke Osanyintolu, director-general of the Lagos State Emergency Management Agency (LASEMA), confirmed that no life was lost while eight persons sustained injuries. LASEMA also took to its Twitter[...]

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Afreximbank offers Shareholders 69M Dividend!

As Nigeria gets second term as board chairman. The African Export-Import Bank (Afreximbank), at its yearly general meetings in Moscow, at the weekend, unveiled a $276 million net profit in 2018 financial year, even as shareholder adopted its proposal of $69 million as dividend.Nigeria as a leading shareholder and current chair of the region’s largest[...]

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Otedola focuses on Geregu Power Plant.

Femi Otedola, a Nigerian businessman and billionaire, has disclosed plans to shift his focus to power generation. In a series of tweets on his Twitter page on Saturday, Otedola said his business focus will now be on Geregu power plant. It is estimated he will invest $1 billion in the power plant. Amperion Power Distribution[...]

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Expert report reveals naira is being defended wrongly!

REPORT on Page 33 of the June 21, 2019 edition of The Punch Newspaper indicated that “between April 2018 and March 2019, the Central Bank of Nigeria injected over $42.3bn into the foreign exchange market to ensure liquidity in that segment of the economy.” Naira In the same report, Isaac Okorafor, CBN’s Director of Corporate[...]

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