The State of Lagos Vs Akinwunmi Ambode, tales of intrigue

The battle between the Lagos State House of Assembly and former Governor Akinwumi Ambode has shifted the court. Instead of Wednesday’s drilling session on the floor of the House, both parties will appear before Justice Y.Y. Adesanya. Mr. Ambode has sued Speaker Mudashiru Obasa and members of the panel raised by the House to probe[...]

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Lebanese Prime Minister Resigns amid anti-government protests

Lebanese Prime Minister Saad Hariri announced his intention to resign from his position on Tuesday, nearly two weeks into mass anti-government protests that have gripped the Middle Eastern country of 6 million. “I have reached a dead end today,” Hariri said from Beirut, as he appealed to all Lebanese to “protect civil peace.” He addressed[...]

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Secretary General of AFN is Arrested for Fraud, Here’s Why

Amaechi Akawu, secretary-general of Athletics Federation of Nigeria (AFN), has been arrested by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). The agency arrested Akawu for allegedly misappropriating $130,000 belonging to the International Association of Athletics Federation (IAAF). The global body was supposed to send $15,000 to Nigeria but mistakenly sent $150,000. After[...]

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Research: the reality of Nigeria’s Border Closure

The Federal Government’s recent closure of its land borders with some neighbouring countries in the West Coast deserves some deconstruction – for the purpose of understanding its import at this time. The exercise came without any prior notice and expected terminal date. In other words, the fiscal policy was imposed without availing people the opportunity[...]

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Cashless movement in Jeopardy as Stamp Duty charge forces Nigerians to use Cash

More Nigerians are now shunning transactions via Point of Sales (PoS) terminals; owing to the implementation of a ₦50 additional charge by merchants, as imposed by the Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter- Bank Settlement System (NIBSS). The CBN described the new service levy as Stamp Duty Charge. The Guardian[...]

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Serial Entrepreneur tells us mistakes that kill Business Ideas

Mark Cuban has invested in dozens of companies. He's one of Shark Tank's most adored stars. So you'd think Cuban would be all for entrepreneurs raising money. In fact, he thinks raising money for your brilliant business idea is a huge mistake. When Cuban called into Ryan Seacrest's radio show earlier this month, his clear[...]

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Canada still searches for more Immigrants despite 4% increase in Immigrant Growth

Between 2011 and 2016, Atlantic Canada experienced the weakest population growth in the country. This was due in part to the region’s low intake of immigrants. Population growth is important to promoting the economic growth that is necessary for maintaining high living standards in Atlantic Canada. Recognizing this, the four Atlantic provinces — Newfoundland and[...]

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GTB removes Bank Charges for Customers under 25

Guaranty Trust Bank says it has waived all charges on GTCrea8 accounts; a product designed for university students aged between 16 and 25. In a statement released on Monday, the bank said it would cover all the costs of banking transactions including transfers to other banks, USSD transactions and bank alerts. “Undergraduates will also not[...]

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Kogi Governorship: Yahaya Bello gifts Rolls Royce to monarch

The campaign council of the Peoples Democratic Party (PDP) in Kogi has accused Governor Yahaya Bello, of gifting a Rolls Royce to a traditional ruler in the state in order to influence voting. The party said the domain of the monarch lacked motorable roads, describing the car gift as ”Greek gift”. This gift comes in[...]

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Market index rises by N18 Billion, Here’s Why

Following improved earning performances recorded by some bluechip stocks, the equities market halted its losing streak to reopen in an upbeat at the end of yesterday’s transactions on the floor of the Nigerian Stock Exchange (NSE), causing market capitalisation to inch up by N18 billion. At the close of transactions, the All Share Index (ASI)[...]

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Google allegedly misuses location data and gets sued

An Australian regulator has filed a lawsuit against Alphabet Inc’s Google, accusing it of misleading smartphone users about how it collected and used personal location data, advancing a global crackdown on the world’s biggest tech firms. The Australian Competition and Consumer Commission (ACCC) said the local Google unit did not tell users of its Android[...]

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FG should convert Arik Air to National Carrier – AMCON

Ahmed Kuru, managing director of the Asset Management Corporation of Nigeria (AMCON), has asked the federal government to convert Arik Air to a national carrier. Jude Nwauzor, AMCON spokesman, quoted Kuru to have said this on Monday when he appeared before the senate committee on banking, insurance and other financial institutions. AMCON had taken over[...]

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Entrepreneurship Empowerment held by Heritage Bank

As part of its contribution to economic growth, Heritage Bank Plc has continued to support ‘The Next Titan’ season six. The competition is to support the entrepreneurial spirit among Nigerian youths. The Next Titan entrepreneurial reality TV show sponsored annually by the Heritage Bank Plc recently unveiled the top 16 contenders for the season-6 of[...]

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Wildfire takes 180,000 people from their homes in California

Authorities in northern California have ordered 180,000 residents to flee their homes as winds fuelled a wildfire in the wine country. The fear that the winds could blow embers and spread fire across a major road prompted authorities to expand evacuation orders that covered parts of Santa Rosa, a city of 175,000 that was devastated[...]

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European Union give Britain another Exit Extension

The EU is preparing to sign off on a Brexit extension to 31 January 2020 with an option for the UK to leave earlier if a deal is ratified, according to a leaked draft of the agreement seen by the Guardian. Despite objections raised by the French government, a paper to be agreed on Monday[...]

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World bank encourages African Countries especially Nigeria to do more.

Nigeria, as the biggest Economy in Sub-Saharan Africa, alongside others, have continued to improve their business climates, but needs to do more, the World Bank Group has said. Economies of the region enacted 73 reforms, down from a record high of 108, and the number of countries implementing at least one reform fell to 31[...]

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Is Facebook forced to abandon Libra Project amid regulation issues?

Facebook could be forced to abandon its own cryptocurrency project if the newly created group steering it decides to move forward without regulatory approval, CEO Mark Zuckerberg said Wednesday during his testiomony at a House Financial Services hearing. “Facebook will not be part of launching the libra payments system anywhere in the world until U.S.[...]

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Amazon stock plummet as expectations are not met!

Amazon’s third-quarter earnings fell short of street expectations on Thursday, driving its stock down as much as 9% in after hours trading. It also gave dismal revenue guidance for the holiday shopping season, spooking investors who were expecting a huge pay off from Amazon’s growing investments across the company. Here’s what the company reported versus[...]

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Guinness and Total both record substantial loss in 2019

Total Nigeria Plc and Guinness Nigeria Plc have reported losses in their operations due to high financing costs. While Total posted a loss of N205 million in the nine months ended September 30, 2019 against a profit of N7.665 billion in 2018, Guinness Nigeria Plc recorded a loss of N370 million for the three months[...]

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