The black high school student who accused three white male classmates of pinning her down and cutting off her dreadlocks has 'acknowledged' that she made the allegation up, according to her school. Amari Allen, 12, claimed she was held down by three boys who cut her hair off at their $12,000-a-year school. She also gave a[...]
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Realwan Okpanachi, a constitutional lawyer in Abuja says Vice President Yemi Osinbajo is legitimately entitled to sue any person during his tenure without having to waive his immunity. Okpanachi was reacting to the statement credited to the vice president that he would waive his constitutional immunity to clear his name over the N90 billion he[...]
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Transactions through electronic payment (e-payment) channels that would facilitate the country’s planned cashless policy hit a cumulative value of N284 trillion in the first half of this year, data from the Central Bank of Nigeria (CBN) has revealed. The data showed that the depth of adoption of the electronic channels within the period was significant,[...]
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Polaris Bank and Wema Bank have joined the United Nations, and other leading banks across the world, to become a Founding Signatory of the UNEP FI Principles for Responsible Banking as part of their commitment to climate action and sustainability. The banks disclosed this in separate statements made available to THISDAY. The launch and signing[...]
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Financial institutions in the country under the surveillance of the Central Bank of Nigeria (CBN) have been told to increase surveillance and report all transactions involving persons and entities designated under the United Nations Security Council Resolution. Banks were asked to carry out this action without any delay. The CBN stated this in a letter[...]
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The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala-Usman, has stated that the authority is commitment to the optimal utilisation of the eastern ports in line with President Muhammadu Buhari’s administration’s Ease of Doing Business policy. She made this known when members of the House of Representatives Ad-hoc committee on Ports and Habours[...]
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Davido on Thursday evening hinted at a new collaboration with American pop star Chris Brown. The “Fall” crooner in a Twitter post announced that the new feature with Brown would be released next week. In July, the pair released their first collaboration “Blow My Mind” – the song became an instant hit, topping music charts[...]
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Bitcoin (BTC) has crashed. No one really knows why but in my model we should be in for “good” news on the China trade war or some such China-related information that is strong for the Chinese currency. Way back before this year’s rally, I stated there is another way of looking at this price action.[...]
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Despite the level of Non-Performing Loans (NPLs) in the banking industry, commercial banks’ debt portfolios reached N16.23 trillion in September 2019. The amount, which represented N830 billion increase from N15.4 trillion recorded in June 2019, may have been impacted by the regulatory directive to all banks to increase their Lending-to-Deposit Ratio to 60 per cent.While[...]
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Renewable energy will displace petroleum as the most-used global energy source in the late 2040s, but oil demand is not expected to peak before 2050, the United States Energy Information Administration, yesterday, in its latest long-term international outlook, said. EIA predicts that renewables – including wind, solar and hydroelectric – will become the largest source[...]
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The Nigerian Copyright Commission (NCC) has stated that consumers’ preference for cheap goods is the major challenge the commission is facing in its quest to address piracy in Nigeria. The Director-General, NCC, John Asein, said apart from funding, it is faced with a huge consumer group that is reluctant to accept its mandate aimed at[...]
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President Muhammadu Buhari says reducing extreme poverty and hunger is one of the cardinal objectives of his administration. The president stated this in a keynote address at the Nigeria high level side event on ‘SDG Integration – Bridging the Policy Planning – Budgeting Gap for the Achievement of the Sustainable Development Goals.’ In a statement[...]
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Vice President Yemi Osinbajo says he is ready to waive his constitutional immunity to enable the “most robust adjudication” of several baseless allegations, insinuation and falsehoods against his person and office.Osinbajo’s spokesman, Laolu Akande, in a statement in Abuja, said that the vice president made the declaration in a tweet he personally authored on Wednesday.“In[...]
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Weaker growth in both advanced and developing countries means the possibility of a global recession in 2020 is a clear and present danger, the UN has warned. In a flagship report, the UN’s trade and development body, Unctad, said 2019 will endure the weakest expansion in a decade and there was a risk of the[...]
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The Duke of Sussex has arrived by the banks of Botswana's Chobe River in the north of the country to take part in a tree-planting project - straining with dozens of people to get a huge sapling into the ground. His wife Meghan and son Archie, who enjoyed his first royal engagement yesterday, have chosen[...]
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An unrepentant Boris Johnson has sparked a furious backlash after he repeated his criticism of the supreme court judgment, and rejected MPs’ pleas to moderate his “inflammatory” language as “humbug”. Addressing a rowdy and adversarial House of Commons, just hours after flying back early from New York, Johnson went on the attack, accusing Jeremy Corbyn[...]
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Vice-President Yemi Osinbajo says the federal government has spent N1.5 trillion on the power sector in the past two years. In July, the vice-president said the administration has invested N900 billion in the sector since it assumed office in 2015. In August, the federal government approved another N600 billion intervention fund for the sector. Speaking[...]
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Aliko Dangote, the president of the Dangote Group, says his company wants the government to make it mandatory for companies to fortify all rice products consumed in the country. The multibillionaire said Nigerians eat rice in the morning, afternoon and night, adding that fortifying rice with the right vitamins would help combat malnutrition. Dangote said[...]
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It’s official. The House will begin an impeachment inquiry into President Donald Trump over his efforts to push Ukraine to investigate his potential 2020 election rival, former Vice President Joe Biden. House Speaker Nancy Pelosi’s announcement Tuesday escalated tensions between Democrats and the president to a new high, but there is still a while to[...]
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Babatunde Fashola, minister of works and housing, has described some of the critics of the federal government’s borrowings as “backward economists”. In July, the Debt Management Office (DMO) released figures which showed that Nigeria’s debt increased by N560 billion in the first quarter of 2019. According to the DMO, the total debt stock as of[...]
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Vice President Yemi Osinbajo says signing of the African Continental Free Trade Agreement(AfCFTA) offers Nigeria great opportunities to extend its banking and financial services across Africa. Osinbajo made this submission while addressing the 12th Annual Banking and Finance Conference 2019 of the Chartered Institute of Bankers (CIBN) in Abuja on Tuesday. News Agency of Nigeria[...]
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Cristiano Ronaldo, conspicuously-absent from the FIFA Best Awards at the La Scala Opera house in Milan, on Tuesday took to Instagram to express his feelings in philosophical terms. The News Agency of Nigeria (NAN) reports that Ronaldo missed out as Lionel Messi was named FIFA Best Player of the Year for the sixth time on[...]
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The Chief Executive Officer (CEO), First Bank Nigeria PLC, Dr Adesola Adeduntan, said the bank will engage 500,000 agents across the country to ensure that its services were made available to people in every nook and cranny. Adeduntan made this known on Tuesday at opening of the 12th Annual Banking and Finance Conference of the[...]
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The Senate yesterday said it was yet to receive a draft copy of the Medium-Term Expenditure Framework (MTEF) from President Muhammadu Buhari, despite provisions of the Fiscal Responsibility Act mandating the president to submit the document four months to the end of the year. The announcement, which was made by Senate President Ahmad Lawan as[...]
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Ahead of the 2020 set date for the roll out of 5G networks in Nigeria, the Nigerian Communications Commission (NCC) will look at three strategic areas of interest that will be beneficial to the country, cum Africa.These areas of focus include enhanced mobile broadband applications, the low ultra-reliable, low latency applications and the Machine to[...]
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