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Nigeria
Dismissed soldier steals friend’s car
Olufemi Atoyebi, Ibadan A dismissed soldier, Obadiah Ayuba, has been arrested by the Oyo State Police Command for stealing his friend’s car in Ibadan. Ayuba was dismissed by the Nigerian Army after a series of unprofessional actions, including robbery and absconding from duty. The Oyo State Commissioner of Police, Abiodun ...
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Nigeria
I got N500,000 to smuggle drugs through border – Ex-Customs official
Kunle Falayi An ex-customs official, Ngwoke Emmanuel, has been arrested by the National Drug Law Enforcement Agency for smuggling cannabis through the Seme border to Lagos Island. He told officials after his arrest that he was paid half a million naira to smuggle the drugs disguised as used clothes. The ...
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Nigeria
Oil, gas era gone, says Ogbeh
The Federal Government has explained that with its agricultural export programme, the era of oil and gas is gone. The Minister of Agriculture and Rural Development, Chief Audu Ogeh, who stated this in an interview with journalists on Thursday night in Abuja, said Nigeria needed dollars from agricultural exports to ...
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Nigeria
Agip restates commitment to diversification of Nigerian economy
Chidiebube Okeoma, Owerri Multinational oil giant, Nigerian Agip Oil Ccompany, has said that encouraging small and medium business owners through annual leadership workshops is one of its important programmes in supporting the country’s economy. The Vice Chairman /Managing Director, Agip in Nigeria, Mr. Massimo Insulla, who spoke during a two-day ...
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Nigeria
Lagos to review tenancy law
Gbenro Adeoye The Lagos State Law Reform Commission has said that it has identified the need to review certain provisions of the existing Lagos State Tenancy Law of 2011 with a view to make it reflect current realities. Speaking at the stakeholders’ meeting on Tenancy Law of Lagos State, organised ...
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Nigeria
FG suspends NHIS boss for buying N58m SUV
Eniola Akinkuotu, Abuja The Minister of Health, Prof. Isaac Adewole, on Friday announced the suspension of the Chief Executive Officer and Executive Secretary of the National Health Insurance Scheme, Prof. Usman Yusuf, for three months. Findings by our correspondent revealed that one of the allegations against Yusuf was that he ...
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Nigeria
Dogara backs OGFZA bill
The speaker of the House of Representatives, Yakubu Dogara, has thrown his weight behind efforts by the National Assembly (NASS) to amend the Oil and Gas Free Zones Authority (OGFZA) Act of 1996. In his opening remarks on Thursday in Abuja to the public hearing on the bill to amend ...
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Nigeria
CBN injects $254.3m into retail forex market
Players in the retail segment of the Nigerian inter-bank foreign exchange market received a $254.3 million boost from the Central Bank of Nigeria (CBN) yesterday. The release of the said sum followed bids received by the apex bank from forex dealers. Information obtained from the CBN indicates that the deals ...
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USA
USA: Fed vede economia solida, rischi finanziari moderati
(Teleborsa) - La politica monetaria "resta accomodante" e la Banca centrale americana prevede "un graduale incremento dei tassi di interesse negli Stati Uniti", con l'inizio...
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Nigeria
Naira Suffers Marginal Loss Against Dollar Despite CBN’s Intervention
The Naira on Friday suffered marginal loss against the dollar at the parallel market in spite of CBN’s intervention at the foreign exchange market. The News Agency of Nigeria (NAN) reports that the Naira lost one point to exchange at N366, weaker than N365 traded on Thursday, while the pound ...