Kanye release music video, continues promoting Christian Album

From his sprawling 4000 plus acres ranch in Wyoming, Kanye West serves the video for “Closed On Sunday”, the second video from ‘Jesus is King” album. The music video opens alongside Kim Kardashian and their kids North, Saint, Chicago, and Psalm, sitting in the cleft of a rock. Kourtney and Kris are not also left[...]

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A Call is Made for an African Business Council- AfCFTA

Participants at the Policy Dialogue of African Business Associations on Implementing the African Continental Free Trade Area (AfCFTA) on Thursday called for the establishment of an African Business Council. The Policy Dialogue was co-organised by the African Union (AU), African Development Bank Group (AfDB) and the Coalition for Dialogue on Africa (CoDA). The African Export-Import[...]

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Nigerian Stock Exchange makes a Rebound in Market, Here’s Why

Trading on the Nigerian Stock Exchange (NSE) rallied on Thursday following renewed positive sentiment in banking and oil and gas stocks after dropping for two consecutive days. Specifically, the All-Share Index which opened at 26,790.10 increased by 34.40 points or 0.13 per cent to close at 26,824.50. Also, the market capitalisation inched N17 billion to[...]

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National Assembly to provide approval for Buhari’s External Borrowing

President Muhammadu Buhari on Thursday sought the re- consideration and approval of the National Assembly on the 2016-2018 External Borrowing Plan of the Federal Government. Buhari’s request is contained in a letter address to President of Senate Ahmad Lawan and read at the plenary on Thursday. Request for the National Assembly to re-consider and approve[...]

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Finance Minister admits Real Cause of Inflation

MINISTER of Finance, Budget and National Planning, Mrs. Zainab Ahmed Wednesday said that closure of the nation’s borders contributed to the rising inflation in the country. The Minister however assured that the closure is temporary as government expects the neighbouring countries to respect the ECOWAS protocols to enable the reopening of the borders. The nation’s[...]

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“Leverage Technology to Rebrand the Nation’s Economy”- Expert

Experts have stressed the need to leverage on the ongoing digital revelation to aid efforts to rebrand the nation’s economy. They opined that the adoption of good content, adequate data capturing, connectivity, electronic governance among other things using technology can aid efforts to positively project the nation’s economy. The experts spoke at the Annual Lecture[...]

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A Business confidence review in Nigeria reveals Shocking Details

Business Confidence Index rose by 1.7 index points to 29 index points in November indicating rising optimism in the nation’s macro economy condition. The Central Bank of Nigeria (CBN) disclosed this in its latest Business Expectation Survey report. The apex bank stated: “At 29.0 index points, the overall confidence index (CI) indicated respondents’ optimism on[...]

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Federal Government breaks Fiscal Rules, Refuses to present audit Report

The Federal Government, National Assembly and Office of the Auditor-General for the Federation’s acclaimed pursuit of transparency and fiscal discipline is being threatened. The threat is coming from the non-presentation of the 2017 audit report on the accounts of the federation, nearly two years after the end of the fiscal calendar. The 2016 report came[...]

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Nigerians Begrudge Hate Speech and Social Media Bill, go out and Protest in Abuja

The Senate yesterday said it would not force the controversial hate speech and anti-social media bills on Nigerians.The upper chamber gave the promise as scores of protesters yesterday stormed the National Assembly demanding the immediate withdrawal of the bills aimed at regulating the social media and prescribing capital punishment for hate speech offenders. One of[...]

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CEO of Air Peace is indicted for Fraud and money laundering

Operations at Air Peace, one of the country’s largest domestic airlines, have continued unperturbed despite money laundering charges levelled against Allen Onyeama, its chief executive officer. In a statement issued on Friday by the northern district of Georgia’s attorney’s office, Onyeama had been charged with bank fraud and money laundering for “moving more than $20[...]

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Airline Association refuses to Grant Boeing Max Certification

With just 35 days left in 2019, the FAA is making it increasingly clear it is unlikely to recertify the Boeing 737 Max this year, a target Boeing has been eyeing for months. For the third time in two weeks, the FAA said publicly it will take all the time it needs to deem the[...]

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Battle of the Trucks Between Ford and Tesla, who will win?

Tesla’s futuristic pickup truck appears set to go head-to-head against the Ford F-150 in an “apples to apples” tug-of-war battle. The anticipated showdown, which could take place as early as next week, comes shortly after Tesla unveiled its all-electric Cybertruck. During the promotional event in Los Angeles last week, which turned into a somewhat embarrassing[...]

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TikTok Director denies Allegations of Chinese Government Influence

TikTok’s director of creator community brushed aside allegations of Chinese influence on the social media app Tuesday, as the app faces a U.S. national security investigation. The U.S. government announced earlier this month that it was opening a national security investigation into TikTok’s parent company, Beijing-based ByteDance, after U.S. lawmakers expressed concern that the Chinese[...]

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American Activist Singer to receive the First ever Musical Nobel Prize

American singer, songwriter and activist Cyndi Lauper is to be honoured with the United Nation first-ever High Note Global Prize. Lauper is recognised for her work to end LGBTQ youth homelessness in the US. The award is a partnership between the United Nations and High Note Global Initiative, which said the award has been referred[...]

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Trump announces Mexican Drug Cartel as Terrorist Group

US President Donald Trump said in a radio interview posted online Tuesday that he planned to designate Mexican drug cartels as terror groups. The move comes after Trump called for a “war” on the drug cartels in early November when nine women and children from an American Mormon community in northern Mexico were killed in[...]

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Nigerian Senate takes on Gender Equality as equal rights bill surfaces

A bill seeking gender equality that would guarantee women equal rights with their male counterparts has resurfaced in the Senate. The bill which is being reintroduced by former Senate Minority Leader, Senator Biodun Olujimi, Peoples Democratic Party, PDP, Ekiti South seeks to eliminate discrimination against any person irrespective of his gender on any ground including[...]

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The Monetary Policy Rate as agreed by CBN stakeholders is 13.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 13.5 percent while other policy parameters remained constant. The CBN Governor, Godwin Emefiele, disclosed this after the MPC’s meeting in Abuja on Tuesday. Emefiele said all the 11 members of the committee attended the meeting[...]

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Foreign Investment In Nigeria is on a Downward Spiral, Here’s Why

Foreign investment inflow (capital importation) into the country continued on downward trend in the third quarter of the year (Q3’19), declining seven percent quarter-on-quarter (QoQ), to $5.4 billion from $5.8 billion in Q2’19. The decline in Q3’19 represents a second consecutive QoQ decline since the beginning of the year. Though foreign investment inflow rose by[...]

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