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Nigeria
Alleged $17bn stolen crude: NNPC, Customs, NIMASA, others have cases to answer, says Reps’ panel
John Ameh, Abuja No fewer than 76 organisations, including International Oil Companies, still have queries to answer over the alleged export of $17bn undeclared crude and gas resources from the country between 2011 and 2014, The PUNCH learnt on Sunday. Among them are key government agencies like the Nigerian National ...
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Nigeria
UNILAG confirms student’s suicide, to meet with family
The management of the University of Lagos, Akoka, on Sunday confirmed the suicide of a 100-level student of Business Administration, Ayomide Ariyibi, adding that it would meet with her family. The Deputy Registrar, UNILAG, Toyin Adebule, added that the student killed herself at home. He said, “She died at home. ...
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Nigeria
Customs destroy N1.3bn imported poultry products
Gibson Achonu, Owerri THE Nigeria Customs Service, Federal Operation Unit, Zone ‘C’, Owerri, says it has seized and destroyed 102,099 cartons of illegally imported poultry products with Duty Paid Value of N1,275,712,500. Briefing newsmen in Owerri, the Customs Area Controller of the FOU, Mohammed Garba, said the seizures was made ...
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Nigeria
Don’t sabotage Nigeria’s economy, Obasanjo tells foreigners
Samuel Awoyinfa, Abeokuta Former President Olusegun Obasanjo has warned foreigners and foreign companies doing business in Nigeria not to engage in sharp practices which can undermine the country’s economy. READ: I make no apologies for treading on toes, says Obasanjo He gave this warning on Saturday in Abeokuta at an ...
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Nigeria
LCCI calls for end to multiple forex windows
Anna Okon The Lagos Chamber of Commerce and Industry has called for an end to the multiple windows in the foreign exchange market, noting that they hurt the economy. The Director-General, LCCI, Mr. Muda Yusuf, made the call in a statement made available to our correspondent on Saturday. “We seek ...
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Nigeria
Oracle varsity, New Horizons unveil 12c in Nigeria
Ozioma Ubabukoh Oracle Incorporated through its learning arm, Oracle University, has introduced 12C, its latest update and the world’s first database designed for the cloud in Nigeria. The company unveiled the service with its global partner, New Horizons. “Oracle Database 12c addresses key challenges of customers who are consolidating databases ...
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Nigeria
Akinyemi advises Fed Govt on cash haul probe
A former Minister of External Affairs, Prof. Bolaji Akinyemi yesterday asked President Muhammadu Buhari not to spare anyone involved in the $43.4 million recovered from a private apartment at Osborne Towers in Ikoyi. He, however, cautioned against putting a foreign intelligence officer on trial in an open court as doing ...
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Nigeria
Sterling Bank’s gross earnings rises by 12% to N28.6b in Q1
Sterling Bank Plc grew headline earnings by 12 per cent to N28.6 billion in the first quarter of 2017 as the bank’s net interest margin improved to 8.2 per cent within the first three months. The first-quarter report released at the weekend showed continuing improvement in the underlying core banking ...
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Nigeria
Obasanjo to expatriates, others: don’t undermine Nigeria’s economy
•Ex-President urges investors to key into economic recovery Former President Olusegun Obasanjo has warned foreign and local firms doing business in Nigeria against engaging in acts that can undermine Nigeria’s economy. Obasanjo counselled the firms that their emphasis should be to make Nigeria self-sustaining in production and consumption, vowing that ...
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Nigeria
Atiku To NGE: Partner With Present Administration
Former Vice President and chieftain of the All Progressive Congress (APC), Atiku Abubakar, has charged the new leadership of the Nigeria Guild of Editors (NGE) to partner with the current administration in the dissemination of government programmes as well as other critical groups in the society to see that our ...