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Former anti-graft agency boss and master orator PLO Lumumba has agreed to write an apology to a constitutional and human rights lawyer for plagiarising his work. The two recorded the consent in court yesterday. Wachira Maina agreed to withdraw his petition on condition that PLO writes an apology agreeable to ...

Negotiations between doctors and the government were on the brink of collapse last night after doctors insisted that the entire CBA agreement be implemented. Sources said although both parties had agreed on most of the contentious issues, they disagreed on doctors salaries. Documents presented to the mediation committee show that ...

Also summoned was Kenya Deposits Insurance Corporation (KDIC) boss Mahmoud Mohammed and CBK board members Kamau Thugge, Attorney General Githu Muigai, Nasim Devji, Jeremy I. Ngunze and Samuel N. Kimani.

Olalekan Adetayo, Abuja The Federal Government is currently working towards streamlining the number of agencies operating in the nation’s ports to only six from about eight. This is part of the decisions reached at an expanded meeting of the Presidential Enabling Business Environment Council presided over by the Acting President, ...

Chux Ohai Popular comedian, Seyi Law and a past winner of the Big Brother Africa reality TV show, Uti Nwachukwu, on Tuesday slammed a pastor based in Port Harcourt for allegedly placing a curse on the sponsors of the ongoing Big Brother Nigeria reality show, the Nigerian version of BBA. ...

Olalekan Adetayo, Abuja As of September 30, 2016, the Federal Government’s indebtedness to local creditors stood at N10.8tn, while external debt was $11.5bn. The Minister of State for Budget and National Planning, Zaynab Ahmed, disclosed this at the presentation of the budget implementation and performance monitoring report for the third ...

Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Tuesday carried out a wholesale intervention in the interbank foreign exchange market with the release of $370.8m to 23 Deposit Money Banks. The amount, which was confirmed in a statement by the Acting Director, Corporate Communications, CBN, Isaac Okoroafor, was to ...

Oyetunji Abioye with agency report The Federal Government is seeking to borrow at least $1bn from the World Bank and another $1.3bn from China’s Export-Import Bank, the Minister of Finance, Mrs. Kemi Adeosun, has said. Officials said the country was planning to finalise its proposal to the World Bank this ...

Oyetunji Abioye The naira recorded slight gain on Tuesday and closed at 512 against the United States dollar on the parallel market, a day after the Central Bank of Nigeria introduced a new foreign exchange policy action. The CBN had on Monday announced its decision to begin sale of $1m ...

If it is within the context of community and social development projects, it has little or no impact on our projects.  Our foreign currency, which is in United State dollars, comes from the Central Bank of Nigeria. It is converted at official exchange rate and we carry out our projects ...