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USA
NDLEA Busts Interstate Drug Cartels, Recovers 843kg Skunk, Cocaine
Operatives of the National Drug Law Enforcement Agency, NDLEA, have busted three major interstate drug cartels supplying illicit substances to some states in the North. The NDLEA also recovered skunk and cocaine weighing over 843 kilograms and arrested at least seven of the drug kingpins behind the syndicates in separate ...
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Camerun
Nigeria To Sustain Support For United Cameroon
Nigeria will continue to ensure that the Republic of Cameroon remains an indivisible country, President Muhammadu Buhari has said. The president gave the assurance yesterday at State House, Abuja, when he received Mr Felix Mbayu, a special envoy from President Paul Biya of Cameroon. Buhari in a statement issued by ...
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USA
Brent Oil Rises 1.8% To $76 Over Falling US Inventories
Brent crude futures traded $76.5 a barrel on Tuesday, supported by falling US crude stockpiles and strong Chinese trade data. A preliminary Reuters poll showed US crude inventories were likely to drop for an eighth consecutive week; and economic slowdown worries eased as Chinese exports beat forecasts in June. At ...
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Nigeria
Nigeria Leads Mobile App Market Growth For Africa By 43%
Nigeria has recorded 43 per cent growth according to a new report on the booming African mobile app market, propelled by a growing fintech space, a rise in ‘super apps’ and the COVID-19 pandemic amongst other factors. The report was compiled by AppsFlyer, the global marketing measurement leader and Google. ...
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Nigeria
Senate’s Version Of PIB Will Stifle Investments – Oil Marketers
Another round of monopoly and investment apathy is being anticipated in Nigeria’s downstream subsector of the oil and gas following what industry operators consider as secret insertion of certain clauses in the Petroleum Industry Bill (PIB) by the Senate. In a collective response, the major oil marketers association of Nigeria ...
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Nigeria
FG To Earn N5bn Annually From Concession – BPE
The Bureau of Public Enterprises (BPE), has said that the federal government will earn N5 billion annually from the planned concession of its two free trade zones, located in Calabar and Kano. Director-general of the agency, Alex Okoh said this in his opening remarks at the investors webinar, organised by ...
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USA Nigeria
M-KOPA To Offer Financial Services To Unbanked Nigerians
M-KOPA said it has expanded to Nigerian market to focus on offering millions of underbanked customers across Sub-Saharan Africa access to financial services. To lead the Nigeria team, M-KOPA has named Babajide Duroshola as the new general manager. The company recorded pilot sales of over 20,000 devices in Lagos, and ...
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Brasile
Covid-19: CGU e PF combatem desvios de recursos na Bahia
Investigação aponta para fortes indícios de que, em 2020, "servidores públicos da antiga gestão da Secretaria de Saúde, em conluio com empresários, fraudaram contratos e elevaram arbitrária e significativamente os preços de máscaras de proteção facial e kits de teste rápido para covid-19"
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Brasile Argentina
Argentine farmers sold 24.5 million tons of 2020/21 soybeans, government says
RIO DE JANEIRO, BRAZIL – Argentine farmers have sold 24.5 million tons of soybeans for the 2020/21 season after transactions were recorded in a week of 831,300 tons, the Ministry of Agriculture said Tuesday in a report with data updated through July 7. According to official information, the pace of ...
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Brasile
Brazil likely to witness sharp foreign asset sell-off until 2022 elections – Franklin Templeton and Sycamore Capital
RIO DE JANEIRO, BRAZIL - The approach of a two-way scenario for the Brazilian elections with a dispute focused on two candidates - current and former presidents Jair Bolsonaro and Luiz Inácio Lula da Silva (PT) - should prompt a sharp asset sell-off by foreign investors until the 2022 elections. ...