President Muhammadu Buhari has approved the appointment of Dr. Mrs. Folashade Yemi-Esan as the Acting Head of the Civil Service of the Federation with immediate effect. Dr. Mrs. Yemi-Esan, who is the Permanent Secretary, Ministry of Petroleum Resources takes over from Mrs. Winifred Ekanem Oyo-Ita, who has been directed to proceed on an indefinite leave[...]
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The Federal Reserve approved a much-anticipated quarter-point interest rate cut Wednesday but offered few indications that further reductions are ahead as members split on what to do next. Following its two-day policy meeting, the central bank announced that it would take down its benchmark overnight lending rate to a target range of 1.75% to 2%.[...]
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Mayor of Johannesburg Herman Mashaba has said it "was not necessary" for South Africa to apologise to Nigeria for the recent xenophobic attacks. "No, there is nothing for me to apologise about," Mashaba said on CNBC Africa's Political Capital on Tuesday. "What do you expect me to really apologise for?" Nigerians and other foreign nationals[...]
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President Donald Trump would be better off not cutting a trade deal with China as it could backfire on him ahead of the 2020 U.S. election, according to the managing director and chief economist at the CME Group. “The political issue is very serious here,” Bluford Putnam told CNBC Wednesday. “President Trump faces a Democratic[...]
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Popular Nigerian Transgender and socialite, Bobrisky has, on Saturday, gone into hiding when the Nigerian policemen stormed his 28th birthday celebration venue, in lekki, lagos. While it appeared Bobrisky was nowhere to found, The policemen shut down the venue of the birthday celebration. According to the details, the officers literally stormed the venue, arrested some[...]
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One of Big Brother Naija, BBNaija ‘Pepper Dem’ housemates, Tacha on Sunday night surprised viewers. This came after one of the eleven housemates, Khafi was evicted from the reality show after scoring least votes. Khafi’s eviction left ten housemates battling for the grand prize worth N60m. Following her eviction, Tacha who does not hug or[...]
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GRADUALLY, the President Muhammadu Buhari administration appears to be abandoning the initial political mode of its first term and settling more into the core governance model of initiatives and greater inclusion. In his first term, the President ignored calls by well-meaning Nigerians to tackle the economic downturn head-on by assembling a cream of economic advisors[...]
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has disclosed that the corporation has agreed to a $2.5 billion financing with a Chinese lender for pipeline project in Nigeria. Kyari also said that the attacks on Saudi Arabia’s crude processing plant and fields can be a “big challenge” for[...]
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Organised labour has alleged that the Federal Government is courting another industrial crisis over delay in the implementation of N30, 000 minimum wage. To avert another fresh strike, the Joint National Public Service Negotiating Council (JNPSNC) has urged Nigerians to appeal to the Federal Government to implement the new minimum wage with adequate consequential adjustments[...]
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Group wants opportunity gap bridged The rising global inequality, which has persisted for years, would impact the United Nation’s Sustainable Development Goals (SDGs), the GoalKeepers Data of the Bill & Melinda Gates Foundation, released yesterday, has warned. Global inequality has remained a major barrier to achieving the new global growth drive, despite acclaimed progress on[...]
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Owing to the neglect by government, the Murtala Muhammed International Airport (MMIA), Lagos is in a sorry state. Passenger services at the airport may have reached its all-time low. The palpable rot, in the form of leaky roofs, unkempt floor, walls and lavatories, ineffective cooling systems, stuck escalators, and poorly lit checked-in area, among others,[...]
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Your African Giant – Burna Boy, keeps making headway non stop and we are loving the feel it gives Africans wherever they are in the world. On her Instagram live, Barbadian singer, Fenty Beauty boss, fashion designer, actress and philanthropist – Rihanna was seen vibing to Burna Boy’s ”Ye” single. She even asked that the[...]
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Billionaire blogger and media mogul Linda Ikeji held a destination birthday party yesterday in Dubai in honor of her son Jayce Jeremi who just turned 1. The party was attended by all her friends and family who she personally flew to Dubai for the event. Other celebrities at the event include popular Instagram sensation HushPuppi[...]
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Moves by the Federal Government to increase Value Added Tax (VAT) from five per cent to 7.2 per cent has continued to generate more controversies from different quarters. This is just as the United Labour Congress (ULC) has called on the Federal Government to do away with the proposal, describing the move as anti-people and[...]
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Honey is a sweet liquid made by honey bees using the nectar from flowers. It is graded in colour, the flavour of a particular type of honey will vary based on the types of flower from which the honey is harvested. Honey has been used for both food and medicine, honey is particularly healthy when[...]
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The continued instability of Nigeria’s national electricity grid has reportedly forced eight power generation companies (Gencos) of the National Integrated Power Projects (NIPPs) to cut down their average expected daily power production levels from a whopping 4694 megawatts (MW) to a mere 493MW, an operations status report obtained yesterday by THISDAY has disclosed. Exclusively obtained[...]
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The National Security Adviser (NSA), Major General Babagana Monguno (rtd), has said that the federal government has decided to extend the partial closure of the country’s borders beyond the 28 days earlier slated. According to Channels Television, Monguno disclosed that the partial closure of the borders between Nigeria and Benin Republic has yielded results, including[...]
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The National Bureau of Statistics (NBS), says inflation rate in August 2019 reduced by 0.06 per cent to 11.02 per cent from 11.08 per cent recorded in July. It said this in the “Consumer Price Index (CPI), August 2019” report it released on Tuesday in Abuja. The report, however, said that inflation increased by 11.02[...]
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Obinwanne Okeke, Invictus Group CEO, who is better known as Invictus Obi, has been remanded in a US prison until February 2020 over an alleged $11 million fraud. He pleaded not guilty to a two-count-charge of internet fraud when his case came up for hearing at a court in Virginia on Monday. The entrepreneur who[...]
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Given the Middle East’s longtime focus on the oil industry, it may be unsurprising that it was not until 2016 that the region produced its first “unicorn” — a tech group valued at $1bn or more. By tapping into the region’s youthful, tech-savvy populations, Careem, a Dubai-based ride-hailing group, has become the poster child for[...]
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