Communicating a Desire to Serve with People in Mind

Communicating a Desire to Serve with People in Mind: Indeed, effective political communication has been established as a strong aspect of the democratic process that influence the electorate to make informed decisions about who they considered as the best of the lots to represent their interest and be able to deliver on their mandates as well as the policies they desire to be executed by the politicians and their political parties.

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Issues around new naira note, limit on cash withdrawal as CBN commences circulation of new currency today

Issues around new naira note, limit on cash withdrawal as CBN commences circulation of new currency today: There may not be long queues at the banking hall today and in the days to come because of the level of development undergone over the years by the banking industry. Equally, more than 133 million Nigerians are in multidimensional poverty, meaning that more than 60 percent of the population may not be adversely affected by the cash withdrawal limit.

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REFLECTION: Relationship and communication: The twin critical component of success

REFLECTION: Relationship and communication: The twin critical component of success: He never put himself in a position where he cannot be touched, he was accessible to both the low and the high and his preference is to make life beautiful and more abundant for the people he was called to reach.

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Nigeria to sustain investment in aviation sector, says President Buhari

Nigeria to sustain investment in aviation sector, says President Buhari: According to President Buhari, “I have recently signed into law Civil Aviation Act 2022. This is to reposition the industry to ensure continuous compliance with ICAO standards and to meet the challenges of a dynamic and rapidly growing air transport sector,” while assuring the ICAO President that the “aviation industry in Nigeria is increasing by leaps and bounds.”

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REFLECTION: Life is not a walk in the park, it takes process of becoming

REFLECTION: Life is not a walk in the park, it takes process of becoming: What transforms gold into beautiful, sought after and precious ornament to those who know the value is the process, the passing through the furnace, the beating and the filing by the Goldsmith. The furnace is the place of fire, burning fiery hot and the cubicle of purification and sanctification.

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REFLECTIONS: Life is all about intentionality, live wisely

REFLECTIONS: Life is all about intentionality, live wisely: The most resourceful entities in the world today were created by understanding of the light, which is knowledge and this has transformed the way we relate, doing business and engaging with the rest of the world.

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REFLECTIONS: Human imagination is fertile, but sometimes things are not what they seem

REFLECTIONS: Human imagination is fertile, but sometimes things are not what they seem: Human imagination is very fertile and potent to help us look beyond our immediate environment, to help us envision the future that is not yet here and to help us sometimes to form images of our heart desire.

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Terrorists abduct Catholic priest in Kaduna, 80 people and killed 11 others in Zamfara

Terrorists abduct Catholic priest in Kaduna, 80 people and killed 11 others in Zamfara: Meanwhile, Gunmen kidnapped at least 80 people and killed 11 others in separate attacks in the Zamfara State, traditional leaders and residents said on Monday, in the latest attacks by armed gangs that have been preying on villages, schools and highways.

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Cryptocurrencies slide as concerns over FTX exchange rattle markets

Cryptocurrencies slide as concerns over FTX exchange rattle markets: However, the FTX token – which gives holders discounts on FTX trading fees – was last down almost 20 per cent at $17.73, its lowest since early 2021.

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African women’s fashion and colour, maximising its economic benefits

African women’s fashion and colour, maximising its economic benefits: In my spare time, I love watching television, especially news and programme focusing on the analysis of events and development around us. So, this Friday morning, having watched a breakfast TV programme earlier, I decided to switch to another television station to watch a favourite women's breakfast programme.

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Edo Gov Obaseki describes CBN currency redesigning as political

Edo Gov Obaseki describes CBN currency redesigning as political: “They say we should all bring our naira and give it to them because they want to change it for us. Is that our priority now? How does changing of currency reduce the price of food in the market? They say they want to change our currency and dollars are going higher every day. We can’t even see dollars again,” the governor added.

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Fitch projects Tinubu to win 2023 election but warns of subsequent social instability

Fitch projects Tinubu to win 2023 election but warns of subsequent social instability: The report predicted further that “Protests and social discontent are likely to ramp up in the aftermath of a Tinubu win since this would end the recent trend of the presidency alternating between Muslims and Christians.”

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Yoruba self-determination campaigner leader Akintoye says Tinubu ambition about personal interest

Yoruba self-determination campaigner leader Akintoye says Tinubu ambition about personal interest: Akintoye, a professor of history, has distanced himself from a two-year-old interview in which he endorsed Tinubu for president, claiming that the former governor of Lagos State was running at the wrong time.

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CBN redesigning new currency notes; its implications on economy

CBN redesigning new currency notes; its implications on economy: It’s a reminiscence of what happened during the first coming of President Mohammadu Buhari as military head of state in 1984 when he chose to change the colour of the currency in his efforts to confront huge corruption and ensure that politicians who have stacked away the naira are made to pay huge price for that.

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London court rules against Nigeria receiving compensation from Glencore over bribery case

London court rules against Nigeria receiving compensation from Glencore over bribery case: However, Judge Peter Fraser concluded that Nigeria does not have the right to be heard at a sentencing hearing because only the prosecution, in this case the UK Serious Fraud Office (SFO), and the defense can make arguments.

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World is in its ‘first truly global energy crisis’ – IEA

World is in its ‘first truly global energy crisis’ – IEA: Rising imports of LNG to Europe amid the Ukraine crisis and a potential rebound in Chinese appetite for the fuel will tighten the market as only 20 billion cubic meters of new LNG capacity will come to market next year, IEA Executive Director Fatih Birol said during the Singapore International Energy Week.

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COVID disrupted measles vaccinations in Africa as cases are surging

COVID disrupted measles vaccinations in Africa as cases are surging: “They told me there was no vaccine. But I am coming back,” said Fall, 27, who had closed her catering business for the day to make the trip. “It’s for my daughter, it’s for her health,” she added, fighting back tears of frustration.

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President Buhari to commission first batch of transformers delivered by Siemens next month

President Buhari to commission first batch of transformers delivered by Siemens next month: President Buhari expressed delight at some notable progress on the implementation arrangements of the PPI, adding that the first batch of two power transformers already delivered by Siemens would be commissioned in November 2022.

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Value of stocks listed on NGX falls by N571 bln on losses by Lafarge, MTN, TotalEnergies

Value of stocks listed on NGX falls by N571 bln on losses by Lafarge, MTN, TotalEnergies: Shares in Lafarge Africa dropped 7.83 per cent followed by TotalEnergies which declined by 6.68 per, MTN Nigeria was down by 2.01 per cent, Dangote Sugar 1.92 per cent while United Bank for Africa fell 0.71 per cent.

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President Buhari signs startups bills, makes provision for N10 bln funds for young innovators

President Buhari signs startups bills, makes provision for N10 bln funds for young innovators: The new legislation is aimed at providing a legal and institutional framework for the development of startups in Nigeria, and to “provide an enabling environment for the establishment, development and operation of startups in Nigeria”.

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NBC asks Zamfara to reopen shut down Radio, TV stations, says closure illegal

NBC asks Zamfara to reopen shut down Radio, TV stations, says closure illegal: “The NBC has clearly notified the state government of the gravity of the illegality and requested it to expeditiously reverse the directive,” the National Broadcasting Commission (NBC), which licenses broadcasters, said.

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Ex-CBN Gov Sanusi accuses NNPC of subsidy fraud, says 66 mln litres daily fuel consumption unrealistic

Ex-CBN Gov Sanusi accuses NNPC of subsidy fraud, says 66 mln litres daily fuel consumption unrealistic: On Saturday, former Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, queried the volume of Nigeria’s daily consumption of Premium Motor Spirit

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GSK closure of Kenya operations to lead to job loss

GSK closure of Kenya operations to lead to job loss: “We will move to a direct distribution model and our operations will be transferred to third-party distributors,” GSK said, attributing the decision to periodic reviews of its operations.

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Nigeria plans to raise N225 bln bonds on domestic debt market next week

Nigeria plans to raise N225 bln bonds on domestic debt market next week: The debt on offer are 10-year bond maturing in April 2029, 10-year paper maturing in April 2032 and 20-year debt maturing in April 2037.

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OPEC+ oil output cut is ‘purely economic’, says Saudi Arabia

OPEC+ oil output cut is ‘purely economic’, says Saudi Arabia: The OPEC+ move has raised worries in Washington about the possibility of higher gasoline prices right before the November U.S. midterm elections, with Biden’s Democrats trying to retain their control of the House of Representatives and Senate.

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Local bourse slips marginally by 0.07% as investors sell down holdings in Fidelity, FBNH, others

Local bourse slips marginally by 0.07% as investors sell down holdings in Fidelity, FBNH, others: The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Fidson Healthcare, Nigerian Exchange Group, Global Spectrum Energy Services​, Honeywell Flour Mill and FBN Holdings.

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President Buhari swears in Ariwoola as substantive chief justice of Nigeria

President Buhari swears in Ariwoola as substantive chief justice of Nigeria: While speaking with journalists after he was sworn in, the CJN appealed to politicians in the country to allow the judiciary to function optimally as the 2023 elections approach, promising reforms at the apex court.

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NNPC defaults in payment to fuel importers, defers debt repayment by 90-day

NNPC defaults in payment to fuel importers, defers debt repayment by 90-day: NNPC imports all the nation’s gasoline for road transport, swapping most for crude with international traders including Vitol Group and TotalEnergies SE and domestic groups such as Sahara Group Ltd. and Oando Plc.

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Proposed Lekki cargo/passengers airport to cost Lagos $900 mln as aviation authority grants approval

Proposed Lekki cargo/passengers airport to cost Lagos $900 mln as aviation authority grants approval: Minister for Aviation, Hadi Sirika, presented the document to the Governor on behalf of President Muhammadu Buhari at the ongoing Lagos Economic Summit (Ehingbeti) 2022 taking place at Eko Hotels and Suites, Victoria Island.

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Britons seek cheaper ways to cook in anticipation of higher energy cost

Britons seek cheaper ways to cook in anticipation of higher energy cost: Kantar also noted that sales of duvets and electric blankets increased 8 per cent, while sales of candles increased 9 per cent, suggesting people may be preparing for possible winter blackouts.

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Qatar aims to speed up development of two oil wells off Namibian coast

Qatar aims to speed up development of two oil wells off Namibian coast: Saad al-Kaabi said drilling work is expected for 2023 to get a better understanding of deliverability and capacity, but did not indicate when the two oil finds will be brought into production.

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Nigeria-Morocco gas pipeline to receive $25 bln in funding by 2023, says NNPC

Nigeria-Morocco gas pipeline to receive $25 bln in funding by 2023, says NNPC: Construction would be broken down into phases, the first would take three years, while the other stages would take five years to reach completion.

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Oil prices decline as recession fears offset tight supply prospects

Oil prices decline as recession fears offset tight supply prospects: Oil prices fell by about 1 per cent on Monday as investors weighed economic storm clouds that could foreshadow a global recession and erosion of fuel demand

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Nigeria’s chief Justice Ariwoola, what legacy will he bequeath to the judiciary?

Nigeria’s chief Justice Ariwoola, what legacy will he bequeath to the judiciary?: In this delicate time, he must wear the activist robes in a conservative institution, to write their names in gold and to provide urgently needed national direction in this era of political emergency. Our justices must put an end to the majority and minority judgements as much as such judgements are tailored towards serving the national interest, especially restructuring of the lopsided federation.

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NAFDAC alerts Nigerians on substandard cough syrup in circulation

NAFDAC alerts Nigerians on substandard cough syrup in circulation: All batches of these products listed above should be considered unsafe. The substandard products in this alert are unsafe and their use, especially in children, may result in serious injury or death. The products are not registered by NAFDAC, therefore should not be in circulation.

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CBN bars banks from accessing discount windows on forex, treasury bills auction dates

CBN bars banks from accessing discount windows on forex, treasury bills auction dates: The CBN circular listed the activities that banks are barred from accessing its short-term funds including the Open Market Operations (OMO), where the CBN sells secondary market treasury bills, government securities, bonds auctions and foreign exchange markets.

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About 70 people drown as boat ferrying flood victims capsize in Anambra

About 70 people drown as boat ferrying flood victims capsize in Anambra: The Anambra State Coordinator of the Local Emergency Management Committee, Nnamdi Esimai said the bodies of the victims were yet to be recovered from the water as it would take a day before the bodies could float.

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IMF says committed to support Ghana, but needs to do more on debt-sustainability analysis

IMF says committed to support Ghana, but needs to do more on debt-sustainability analysis: The IMF said in a statement that its staff would now return to Washington for further technical work including assessing Ghana’s debt sustainability.

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Ease of doing business: Kogi State gradually sinks into pariah

Ease of doing business: Kogi State gradually sinks into pariah: As states in Nigeria are working towards removing challenges and obstacles to ease of doing business, it seems Kogi State is out to stifle operations of the

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Nigeria is losing $150 mln to oil theft and vandals every two days, says NNPC

Nigeria is losing $150 mln to oil theft and vandals every two days, says NNPC: The Nigerian National Petroleum Company (NNPC) loses almost $150 million due to vandalism every two days, said the company’s Chief Financial Officer Umar Ajiya.

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Nigeria needs $2.3trln to bridge its infrastructural deficits ~Finmin Ahmed

Nigeria needs $2.3trln to bridge its infrastructural deficits ~Finmin Ahmed: “In the national development plan, we have cost the investment that is required; $2.3 trillion with a private sector contribution of 86 per cent anticipated between 2021 to 2025.

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Nigeria to widen deficits by 4.78% as it presents N20.5 trln budget for 2023

Nigeria to widen deficits by 4.78% as it presents N20.5 trln budget for 2023: President Buhari in a budget speech on Friday to the joint sitting of the parliament also indicated plans by the government to discontinue the expensive fuel subsidy, noting that the economy could no longer continue its fuel subsidy policy.

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Rental payments to holders of Nigeria’s Islamic Sukuk Bonds rise 305% to N33 bln in Q2

Rental payments to holders of Nigeria’s Islamic Sukuk Bonds rise 305% to N33 bln in Q2: Sukuk, an Islamic debt instrument, which attract rental payment as against the usual interest payment on other debt instrument is raised in Nigeria for the development of road infrastructure.

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Floods wash away homes, crops in Benue State, Nigeria’s food basket

Floods wash away homes, crops in Benue State, Nigeria’s food basket: “This is a catastrophe indeed,” said Dimieari Von Kemedi, chief executive of Alluvial Agriculture, a farm collective. “All of these wrong things are happening at the same time.”

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Senate mulls establishment of agency to address constrain to economic diversification

Senate mulls establishment of agency to address constrain to economic diversification: In its bid to address the infrastructural impediment hindering productivity and encourage diversification of the economy, the Senate is in the process of

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Oil prices jumps more than 3% ahead of OPEC+ meeting on supply cuts

Oil prices jumps more than 3% ahead of OPEC+ meeting on supply cuts: “We expect a substantial cut to be made, which will not only help to tighten the physical fundamentals but sends an important signal to the market,” Fitch Solutions said in a note.

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FG go for broke, registers two factions of academic unions, breaks ASUU monopoly

FG go for broke, registers two factions of academic unions, breaks ASUU monopoly: The federal government on Tuesday presented a certificate of registration to the Congress of Nigerian University Academics (CONUA), in a move seen to be in

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NNPC posts 134.8% growth in profit after tax to N674 bln in 2021

NNPC posts 134.8% growth in profit after tax to N674 bln in 2021: Kyari, who spoke at a news briefing on Tuesday said; “Today I’m happy to announce that the Board of #NNPC has approved 2021 audited fin. Statements & #NNPC has progressed to a new performance level, from N287 billion profit in 2020 to N674 billion profit after tax in 2021, climbing higher by 134.8 per cent YoY profit growth.”

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Possibility of Peter Obi winning in the next election, how realistic?

Possibility of Peter Obi winning in the next election, how realistic?: While Bola Tinubu and Atiku Abubakar are waiting for state governors to bring money from the treasury (the reason the governors fill up the campaign councils and throw tantrums if they don’t get what they want) to kickstart their operations, Obi is assured that his energetic backers will dip into their savings and chip in for those rallies. It is enough to evoke envy and anger, and trigger the constant refrain of ‘Obi will not win’.

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Group plans free cataract surgery for 150 rural dwellers in Plateau

Group plans free cataract surgery for 150 rural dwellers in Plateau: “The government and other organisations are already working hard to improve eye health, but we cannot afford to be complacent and must build on recent successes.

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Nigeria to award contracts this Dec to curb gas flaring, boost domestic use

Nigeria to award contracts this Dec to curb gas flaring, boost domestic use: “The auction process has been streamlined to enable an accelerated delivery schedule for this exercise with the announcement of winners planned for December 2022,” Komolafe said in a statement.

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President Buhari to present 2023 budget to parliament on Friday

President Buhari to present 2023 budget to parliament on Friday: The budget presentation will be President Buhari’s last of such rituals as his tenure ends on May 29, 2023, when a new president who is expected to emerge from the presidential election slated for February next year will be sworn in.

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Nigeria needs foreign exchange reforms to boost confidence and attract investment inflows, says Khan

Nigeria needs foreign exchange reforms to boost confidence and attract investment inflows, says Khan: According to her, while the removal of fuel subsidy has the potential to boost the economy, more importantly, is the reforms in the foreign exchange system in order to eliminate constrain and worries over the present regime.

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Arase, Adegboruwa, Aniagolu-Okoye, Ardo lineup for GOCOP Confab’22

Arase, Adegboruwa, Aniagolu-Okoye, Ardo lineup for GOCOP Confab’22: “The Guild was established to ensure that online publishers uphold the tenets of journalism in doing their jobs and our membership is a constellation of Editors and senior journalists who, having distinguished themselves in their various stations, ventured into online publishing which is both the present and future of journalism globally,” Ugbechie said.

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Terminal operators to acquire scanners to ease clearing of cargoes at Nigerian ports, says NPA boss

Terminal operators to acquire scanners to ease clearing of cargoes at Nigerian ports, says NPA boss: Bello-Koko, spoke while hosting the minister of Transportation, Mu’azu Sambo, who was on a tour of the facilities at the port, noted that the provision of scanners would make Nigerian seaports more competitive and preferred destinations for cargoes in West and Central Africa.

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Wike, four other PDP Governors meet over plot to remove Ayu, resolve party crisis

Wike, four other PDP Governors meet over plot to remove Ayu, resolve party crisis: After a series of meetings between them and their representatives failed to address the crisis, Wike and some of his colleagues and allies boycotted the inauguration of the party’s presidential campaign council in Abuja last Wednesday.

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Entrepreneurship, creation of industrial Hubs hold key to Nigeria’s economic prosperity ~FIRS boss Nami

Entrepreneurship, creation of industrial Hubs hold key to Nigeria’s economic prosperity ~FIRS boss Nami: “You will be surprised the amount of jobs that would be created. Multitudes would have their lives changed, and an abundance of economic activities would be sparked across the nooks and crannies of our country in an unprecedented manner. Nigeria has what it takes to lead the world, and this is one way to go,” Nami said.

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Increase demand for green energy to drive job opportunities in Nigeria ~Report

Increase demand for green energy to drive job opportunities in Nigeria ~Report: Poor power supply and a more than 200 per cent increase in diesel prices this year after Russia invaded Ukraine, have driven demand for solar power in the West African nation.

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Burkina Faso coup leader says situation ‘is under control’

Burkina Faso coup leader says situation ‘is under control’: “We want to inform the population that the situation is under control and order is being restored,” an army officer said in a statement broadcast on national television.

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Oando fueling stations to rebrand as NNPC as state-own oil acquires OVH Energy Marketing Ltd

Oando fueling stations to rebrand as NNPC as state-own oil acquires OVH Energy Marketing Ltd: In addition, and to support the combined NNPC Retail Limited operations, NNPC Limited has acquired Apapa SPM Limited (an affiliate of OVH Energy) that owns and manages West Africa’s first privately owned midstream jetty, known as the Lagos Midstream Jetty.

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Nigeria Air to consider acquiring China’s newly-certified C919 passenger jet

Nigeria Air to consider acquiring China’s newly-certified C919 passenger jet: On Friday, China hailed the development of its first medium-haul passenger jet as the embodiment of the country’s drive towards self-sufficiency, with safety approval awarded to a plane that aims to challenge Western aircraft giants for orders.

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OPEC+ to consider oil output cut of more than 1 mln bpd at Oct. 2 meeting

OPEC+ to consider oil output cut of more than 1 mln bpd at Oct. 2 meeting: Skip to toolbar About WordPress Global Financial Digest Customise 77 updates available 11 Comment in moderation New Edit Post Site Kit Rank Math SEO Theme support Ad Health  Live CSS tagDiv CSS Analyzer Edit with TagDiv Composer Global Single Template – London News PRO Cloud Library Search Hi, Editor Log Out

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Pope Francis begs Russian President Putin to stop ‘spiral of violence and death’

Pope Francis begs Russian President Putin to stop ‘spiral of violence and death’: “My appeal goes above all to the president of the Russian Federation, begging him to stop this spiral of violence and death, even out of love for his own people,” Francis said.

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At least 125 dead, 320 injured in Indonesia stadium stampede

At least 125 dead, 320 injured in Indonesia stadium stampede: Video footage from local news channels showed fans streaming onto the pitch after Arema FC lost 3-2 to Persebaya Surabaya around 10 p.m. (1500 GMT), followed by scuffles, and what appeared to be clouds of tear gas and unconscious fans being carried out of the venue.

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Army Captain Traore announces overthrow of Burkina Faso military junta

Army Captain Traore announces overthrow of Burkina Faso military junta: The rebelling military also announced the closure of borders from midnight, as well as the suspension of the constitution and the dissolution of the government.

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From 2023 it’s mandatory for Police officers to write promotional examinations

From 2023 it’s mandatory for Police officers to write promotional examinations: The PSC on Friday announced the appointment of two Deputy Inspectors General of Police (DIGs), and promoted 12 former Commissioners of Police to the rank of Assistant Inspectors General (AIGs) of Police.

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Nigeria’s equity market rebounds 0.12% on gains by shares of Guinness, FBNH, Ecobank

Nigeria’s equity market rebounds 0.12% on gains by shares of Guinness, FBNH, Ecobank: Shares of Guinness Nigeria gained 9.29 per cent to close at N82.90 per share, FBNH rose 2.00 per cent to close at N10.20 per share and Ecobank gained 1.82 per cent to close at N11.25 while United Bank for Africa (UBA) rose 0.72 per cent to close at N7.00 per share.

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Ivory Coast raises cocoa farmgate price by 9% for 2022-2023 harvest

Ivory Coast raises cocoa farmgate price by 9% for 2022-2023 harvest: The global cocoa market recorded a supply deficit in the 2021/2022 season, which ends on Sept. 30, largely due to strong winds and lack of rain in the world’s top two producers Ivory Coast and Ghana.

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AfDB grants Morocco $194 mln loan to boost cereals output

AfDB grants Morocco $194 mln loan to boost cereals output: In the first seven months this year, Morocco’s soft wheat import bill doubled to $1.6 billion compared to the same period last year, according to foreign exchange data.

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World Bank approves $750 mln credit to boost Nigerian reforms

World Bank approves $750 mln credit to boost Nigerian reforms: The World Bank said it has approved a $750 million credit line for Nigeria to help the country's 36 states push through reforms to attract investment and

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OPEC pumps more oil in Sept as Nigeria, and Libya record output increases ~Survey

OPEC pumps more oil in Sept as Nigeria, and Libya record output increases ~Survey: Libya, one of the members exempt from OPEC output agreements, and Nigeria each boosted supply by the same volume. Libyan output recovered further from disruption and tanker trackers noted an increase in Nigerian exports.

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Nigeria’s advertising council inducts new members via its EMRP scheme

Nigeria’s advertising council inducts new members via its EMRP scheme: The Advertising Regulatory Council of Nigeria (ARCON) as part of measures to expand its membership under its ‘Executive Membership Registration and Induction

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Unity Bank partners Lagos Food Bank, donates items to Lagos Community

Unity Bank partners Lagos Food Bank, donates items to Lagos Community: According to a statement by Unity Bank, the intervention is part of the Bank’s strategic Corporate Social Responsibility aimed at sustaining the improvement of health and social welbeing of communities where we operate.

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Elumelu tasks insurance practitioners to increase contributions to GDP, enhance public confidence

Elumelu tasks insurance practitioners to increase contributions to GDP, enhance public confidence: Elumelu, who spoke at the Nigerian Council of Registered Insurance Brokers’ (NCRIB) 60th-anniversary celebration noted that currently, the industry’s contribution to the national Gross Domestic Product (GDP) is tiny compared to the potential of the sector.

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Tech firms suffer low capital raise as inflation, interest rate hikes hit harder

Tech firms suffer low capital raise as inflation, interest rate hikes hit harder: “Institutional investors have been shifting capital allocations while retail investors have been licking their wounds,” said James Gellert, chief executive officer at Rapid Ratings.

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Telecom firms may disrupt bank’s operations over N80 bln USSD transaction debt

Telecom firms may disrupt bank’s operations over N80 bln USSD transaction debt: The Chairman of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), Gbenga Adebayo has signalled the intention of the telecom firms to disconnect service to defaulting banks due to the mounting debt.

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Finance minister Ahmed meets N/Assembly leaders over 2023 budget presentation

Finance minister Ahmed meets N/Assembly leaders over 2023 budget presentation: The meeting was a follow-up to the previous ones held to fine tune the preparation of the budget ahead of it’s presentation to a special joint session of the National Assembly by the President next month.

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APC debunks speculation of disagreement between Tinubu and party chairman Abdullahi over campaign council

APC debunks speculation of disagreement between Tinubu and party chairman Abdullahi over campaign council: “To be clear, the “DRAFT” letter did not emanate from the Party. An UNSIGNED letter that marks itself as a ‘DRAFT’ cannot and should not be attributed to its purported author,” Morka said.

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For Nigeria to succeed, there must be deliberate effort to create unity, justice, equity ~Osinbajo

For Nigeria to succeed, there must be deliberate effort to create unity, justice, equity ~Osinbajo: the Vice President noted that “the story of successful societies is quite simple. It is usually the story of how the society’s elite – its best educated, its political, and religious class, influence, direct and lead their societies to progress.

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Nigeria’s bourse decline 0.42% on losses posted by Nestle Nigeria, GTCO, FCMB Group

Nigeria’s bourse decline 0.42% on losses posted by Nestle Nigeria, GTCO, FCMB Group: The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Nestle Nigeria, United Capital, Africa Prudential, FCMB Group and Guaranty Trust Holding Company (GTCO).

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President Buhari charges judiciary to be honest arbiters in pre and post-election matters

President Buhari charges judiciary to be honest arbiters in pre and post-election matters: President Buhari said that his administration will continue to respect and elevate the rule of law, adding, “adherence to the rule of law is critical to the progress of any society and this administration has not reneged in its commitment to this ideal.”

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Nigeria squanders oil price bonanza as petrol subsidies soar

Nigeria squanders oil price bonanza as petrol subsidies soar: This has led to widespread smuggling, which has in turn driven up the amount of costly gasoline Nigeria imports and wiped out the gains that it should have made from crude exports because it ends up buying far more than it needs.

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Why CBN adopt aggressive monetary hawkish stance

Why CBN adopt aggressive monetary hawkish stance: These have led to an uptick in yields of Naira fixed income instruments. In the Eurobond market, we expect Nigerian Eurobonds continued sell-offs as investors jetty to safe and higher yielder instruments offshore.

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CBN closing tap on intervention funds as MPC members warned of inflationary consequence of disbursements

CBN closing tap on intervention funds as MPC members warned of inflationary consequence of disbursements: The regulatory bank has disbursed about N9 trillion to private sector firms in the last three years at concessionary rates to support growth but has only been able to recover only N3.7 billion out of the N9.3 trillion disbursed under the intervention schemes in the last four years.

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Richarlison racist incident ‘unacceptable,’ says Kane, seeks FIFA sanction

Richarlison racist incident ‘unacceptable,’ says Kane, seeks FIFA sanction: “It was very disappointing to see,” Kane said. “I haven’t seen [Richarlison] and had a chance to talk about the racism that he suffered against Tunisia.I think FIFA have said they are going to investigate and find out what happened, but normally, that kind of thing is unacceptable.

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Nigeria oil regulator, Senate probe operators compliance with terms of contracts, law

Nigeria oil regulator, Senate probe operators compliance with terms of contracts, law: The head of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Gbenga Komolafe said in a statement that there could be more fundamental issues hobbling output “beyond the much touted issue of crude theft.”

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Leveraging Contributory Pension to unlocking Wealth in the Real Estate Sector

Leveraging Contributory Pension to unlocking Wealth in the Real Estate Sector

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Nigeria moves to increase usage of LPG, plans distribution of 20 mln cylinders

Nigeria moves to increase usage of LPG, plans distribution of 20 mln cylinders: “The NNPCL is fully aligned with the federal government’s National Gas Expansion Programme (NGEP) and the national LPG expansion plan and has a fully pledged business unit established basically to commercialise the LPG penetration.

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Abuja court revokes bail bond of P&ID director Nolan

Abuja court revokes bail bond of P&ID director Nolan: Delivering a ruling on Wednesday, September 28, 2022, Ahmed Mohammed stated that Nolan has broken the terms of his bail conditions offered to him by the court and therefore revoked the bail while issuing a bench warrant for his arrest.

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Shell moves to acquire Nigeria’s solar provider Daystar Power

Shell moves to acquire Nigeria’s solar provider Daystar Power: “As we do this, we’re helping to address a critical energy gap for many who currently rely on diesel generators for backup power,” Thomas Brostrøm, Shell’s vice president for renewable generation, said in a statement.

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Nigeria’s equity market returns marginal gains on BUA Cement, others

Nigeria’s equity market returns marginal gains on BUA Cement, others: The local bourse traded marginally higher as buying interest in Bua Cement +3.1 per cent triggered a 0.02 per cent expansion in the All-Share Index to 49,171.70.

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Barcelona sees Lionel Messi return next summer on free transfer

Barcelona sees Lionel Messi return next summer on free transfer: “It would be possible financially because if he returned, it would be as a free agent,” Romeu told Catalunya Radio on Wednesday when asked whether the club could afford to bring Messi back.

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President Buhari tasks national council on climate change on appropriate policies

President Buhari tasks national council on climate change on appropriate policies: ”The latest Intergovernmental Panel on climate change report warns that rising Green House Gas emissions could soon outstrip the ability of communities to adapt, and the window for taking decisive steps needed to spare our planet from the gravest impacts of climate change is rapidly narrowing.

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Senate seeks to regulate informal sector employment

Senate seeks to regulate informal sector employment: “On the contrary, many jobs in the informal labour market in Nigeria still experience work deficit. Employees in the informal sector are often seen as having no rights and are not treated fairly by their employers. All of these, this bill seeks to correct.

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CBN says recovers N3.7 trln from intervention funds

CBN says recovers N3.7 trln from intervention funds: “Furthermore, under the 100 for 100 Policy on Production and Productivity (PPP), the Bank disbursed the sum of N20.17 billion to 14 projects in healthcare, manufacturing, and services, bringing the cumulative disbursement under the facility to N93.39 billion to 62 projects.

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Nigeria plans to sell N630-N720 bln bonds in Q4 to plug budget deficits

Nigeria plans to sell N630-N720 bln bonds in Q4 to plug budget deficits: The fourth quarter’s debt issuance calendar showed that the debt office will sell on behalf of the federal government between N70 and N80 apiece in the bonds maturing in 2029, 2032 and 2037 in October to raise between N210 and N240 billion from the domestic debt market.

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Oil prices fall more than 1% as dollar strengthens further

Oil prices fall more than 1% as dollar strengthens further: The dollar hit a fresh two-decade peak against a basket of currencies on Wednesday as rising global interest rates fed recession concerns. A strong dollar reduces demand for oil by making it more expensive for buyers using other currencies.

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Bank’s debt recovery measures yield results as NPLs decline by 0.20% to 4.8% in Aug

Bank’s debt recovery measures yield results as NPLs decline by 0.20% to 4.8% in Aug: “The Capital Adequacy Ratio (CAR) and the Liquidity Ratio (LR) remained above their prudential limits at 13.4 and 40.1 per cent, respectively, in August 2022,” Emefiele said.

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Apple drops plan to boost iPhone production as demand falters

Apple drops plan to boost iPhone production as demand falters: Instead, the Cupertino, California-headquartered company will aim to produce 90 million handsets for the period, nearly the same number as a year ago and in line with Apple’s original forecast this summer, the report said.

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APC, PDP exceed spending on election campaign in 2019, says INEC

APC, PDP exceed spending on election campaign in 2019, says INEC: Idris, who spoke at the two-day capacity-building workshop for journalists on critical issues in the Electoral Act, 2022 and the Commission’s Processes, Innovations, Preparations for the 2023 General Election, said both APC and PDP overshot their spending limit on election in contravention of the Electoral Act.

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Nigeria’s northwest faces worsening malnutrition

Nigeria’s northwest faces worsening malnutrition: MSF said it had witnessed extraordinarily high numbers of children with malnutrition in five states across the northwest, where about 100,000 were treated for acute malnutrition.

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Sell-off in shares of Unilever, Access, UBA, and others drag down equity market by N15 bln

Sell-off in shares of Unilever, Access, UBA, and others drag down equity market by N15 bln: “But, it has grave implications for cost of capital for firms, cost of borrowing by the government, stock market performance and output growth in general.

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Bill to support rotation of political offices suffers setback in the Senate

Bill to support rotation of political offices suffers setback in the Senate: Abba Moro reminded his Senator colleagues of the Federal Character Principle in the constitution which “requires fair and equitable representation of different ethnic and regional groups in the composition of all tiers of government.

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Oil prices rise 2% on U.S. Gulf output cuts, supply outlook

Oil prices rise 2% on U.S. Gulf output cuts, supply outlook: U.S. offshore oil producers said they were keeping an eye on Hurricane Ian’s track as the powerful storm shut in at least 480,000 barrels of oil production as it entered the U.S. Gulf of Mexico and barrelled toward Florida.

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Senate passes Bill increasing Court of Appeal Justices by 20 to 110

Senate passes Bill increasing Court of Appeal Justices by 20 to 110: “This is necessary in order to eliminate delay in the justice delivery system, as it relates to the adjudicatory powers of the court in tandem with its appellate jurisdiction.

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IMF says African food prices are soaring amid high import reliance

IMF says African food prices are soaring amid high import reliance: Prices of locally sourced staples have also spiked in some countries on the back of domestic supply disruptions, local currency depreciations, and higher fertilizer and input costs. In Nigeria for example, the prices of both cassava and maize more than doubled even though they’re mainly produced locally.

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Nigeria sees Lekki deep-sea port operating from March 2023, to ease cargo congestion

Nigeria sees Lekki deep-sea port operating from March 2023, to ease cargo congestion: The first phase of the $1.5 billion project will have a capacity of 1.2 million 20-foot containers, more than double the capacity of the country’s existing ports.

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Senate moves to curb CBN Governor’s power, proposes independent board chairman in a new amendment

Senate moves to curb CBN Governor’s power, proposes independent board chairman in a new amendment: If the amendment is passed into law and has the concurrent of the House of Representatives, the governor will no longer be the chairman of the regulatory bank’s board as it is presently constituted while a part-time chairman may have to be appointed to oversight the functions of the bank.

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CBN to mop-up liquidity from bank vaults on Thursday, directs lenders to fund their accounts

CBN to mop-up liquidity from bank vaults on Thursday, directs lenders to fund their accounts: Answering questions from Journalists at the MPC briefing, the CBN Governor, Godwin Emefiele directed all banks to fund their accounts within 48 hours in anticipation of the liquidity mop-up exercise to be carried out by the regulator.

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Nigeria’s central bank raises interest rate by 150 bps to 15.5%

Nigeria’s central bank raises interest rate by 150 bps to 15.5%: The committee also raised the cash reserve ratio (CRR) to 32.5 per cent from 27.5 per cent. CRR is the share of a bank’s total customer deposit that must be kept with the central bank in the form of liquid cash.

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APC postpones Bola Tinubu campaign schedule till further notice

APC postpones Bola Tinubu campaign schedule till further notice: According to the Director-General of the Tinubu/Shettima Presidential Campaign Council and Governor of Plateau State, Simon Lalong, in a statement on Tuesday, the adjustment of the timetable was a result of the move to expand the campaign council list to accommodate more stakeholders.

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GOCOP confab’22: Two states, banks, telecom firm and maritime authority pledge partnership

GOCOP confab’22: Two states, banks, telecom firm and maritime authority pledge partnership: He stressed that the conference is therefore a fitting platform for the distillation and sharing of ideas from a carefully chosen array of resource persons cutting across the entire socio-political ecosystem.

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NPA sets conditions for renewal of terminal operators’ concession agreement

NPA sets conditions for renewal of terminal operators’ concession agreement: “The agreement were signed in 2006 and while some have expired, some are still running. But, the expired ones are being renewed and what we are looking at is what will be in the best interest of the country. What was agreed in 2006 is no more tenable, the demands of the country and of the NPA are different from what they were in 2006.

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National power grid restores after eighth collapse, says TCN

National power grid restores after eighth collapse, says TCN: The national grid had collapsed eight times this year with the last one coming in July. It equally collapsed in June, March, and April 2022.

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VP Osinbajo seeks sustenance of growth in MSMEs sector

VP Osinbajo seeks sustenance of growth in MSMEs sector: “How we sustain the MSME Clinics, how it is institutionalized in a way that the incoming Vice Presidents or Presidents are obliged to pay close attention to whatever is happening in the sector, is very important.”

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Nigeria’s share index gains 0.33% as BUA Cement, GTCO rally

Nigeria’s share index gains 0.33% as BUA Cement, GTCO rally: The market gain was driven by price appreciation in large and medium capitalised stocks amongst which are; BUA Cement, Nigerian Exchange Group (NGXGroup), Union Bank of Nigeria (UBN), Guaranty Trust Holding Company (GTCO) and Multiverse Mining and Exploration.

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Oil prices steady on prospect of balancing supply after steep selloff

Oil prices steady on prospect of balancing supply after steep selloff: Iraq Oil Minister Ihsan Abdul Jabbar on Monday said the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, were monitoring the oil price situation, wanting to maintain balance in the markets.

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60 people emerge winners in Dangote Cement N1 bln promo in Jos, Ogun

60 people emerge winners in Dangote Cement N1 bln promo in Jos, Ogun: Also on Wednesday in Sagamu, the Principal Administrative Officer of the National Lottery Regulation Commission (NLRC), Afam Ojeh lauded the initiative of the Management of Dangote Cement for consistently giving back to its teeming customers through its annual promo, where customers are winning huge sums of money and other lofty items.

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Oil prices slide, hit 9-month lows as dollar strengthens

Oil prices slide, hit 9-month lows as dollar strengthens: Oil prices hit nine-month lows on Monday in choppy trade, pressured by a strengthening dollar as market participants awaited details on new sanctions on Russia.

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Atiku appoints two ex-senate presidents, Saraki, Anyim special advisers

Atiku appoints two ex-senate presidents, Saraki, Anyim special advisers: Abubakar charged the appointees to use their vast political experiences in ensuring that the PDP presidential campaign records resounding success in the 2023 election.

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Nigeria, Kenya central banks expect to raise interest rates, Ghana to hold ~analysts

Nigeria, Kenya central banks expect to raise interest rates, Ghana to hold ~analysts: A scarcity of dollars is fuelling inflation in Ghana and Nigeria, as well as other parts of the continent like Ethiopia, and all are still licking their wounds from waves of rate increases in the United States that have siphoned away greenbacks and weakened domestic currencies.

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Photos: Labour Party Presidential candidate Obi meets Ex-president Obasanjo again

Photos: Labour Party Presidential candidate Obi meets Ex-president Obasanjo again: According to Obi, who wrote on his Twitter handle, the interaction between him and the ex-President Obasanjo “were forthright and animated.”

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FIRS boss, Nami attributes low level of tax compliance to failure of social contract

FIRS boss, Nami attributes low level of tax compliance to failure of social contract: He said taxpayers need to see what has been done with their money to be encouraged to continue to pay their obligations under the Social Contract they have with the government.

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Vice President Osinbajo says Nigeria’s future will be far greater despite present challenges

Vice President Osinbajo says Nigeria’s future will be far greater despite present challenges: According to the Vice President, “we stand at the gates of a new nation. And we see its lights shining bright. The nation of God’s promises. A nation of opportunities, of equity and justice, a secure and prosperous nation, a nation of laws and righteousness.

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NAFDAC boss warns on use of bleaching cream, says it poses risk of skin cancer

NAFDAC boss warns on use of bleaching cream, says it poses risk of skin cancer: According to the NAFDAC boss, the majority of Spa outlets in the nation’s cosmopolitan cities are culpable of this unhealthy practice of mixing chemicals and natural products like pawpaw, carrot, etc. to make creams, for the client’s use.

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NDLEA arrests 75-year old drug dealer

NDLEA arrests 75-year old drug dealer: 75-year-old grandpa, 21 others arrested over tons of illicit drugs seized in 7 states.As NDLEA intercepts 1,001,387 bottles/caps of Akuskura, opioids;

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President Buhari promises to end insecurity across Nigeria by Dec

President Buhari promises to end insecurity across Nigeria by Dec: “All of us must be concerned about security. The government will play its part; we must work together with security agencies to overcome the challenges of insecurity,’’ he said.

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Pfizer CEO tests positive for COVID for a second time after four doses of vaccines

Pfizer CEO tests positive for COVID for a second time after four doses of vaccines: Pfizer Inc Chief Executive Officer Albert Bourla said on Saturday he had tested positive for COVID-19. "I’m feeling well and symptom free," Bourla said in a

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Lagos Police arrest three suspects with large ammunition in Ikorodu

Lagos Police arrest three suspects with large ammunition in Ikorodu: In a statement by the spokesman of the command, Benjamin Hundeyin, the operatives of the Ikorodu Division of the Lagos State Police Command intercepted two commercial buses loaded with a large number of live cartridges, three dismantled motorcycles and some personal effects at Poromope Estate, Ijede Road, Ikorodu.

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Bankers are fleeing Nigeria’s stagnating economy to foreign countries

Bankers are fleeing Nigeria’s stagnating economy to foreign countries: The widespread brain drain from Africa’s most populous country — popularly known as “japa”, which means “to run swiftly out of a bad situation” in the Yoruba language — is having a devastating effect on the financial sector.

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Nigeria distributes N673 bln revenue among three tiers of govt

Nigeria distributes N673 bln revenue among three tiers of govt: The statement revealed that the Federal Government received the larger share of N259.641 billion, the states received N222.949 billion, and the Local Government Councils received N164.247 billion.

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Egypt seeks to host 2036 Olympic Games

Egypt seeks to host 2036 Olympic Games: The statement, issued by the Egyptian cabinet, quoted Bach as saying Egypt’s sports infrastructure was capable of hosting the event.

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Terrorist on motorbike kill 15 people, injure many at Zamfara mosque

Terrorist on motorbike kill 15 people, injure many at Zamfara mosque: “The armed bandits came on motorbikes while holding their guns and moved straight to the mosque and began to shoot sporadically at us,” resident Amimu Mustapha said.

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At Foursquare lecture, Ex-minister Akinyemi, Oyebode, Aboyeji call for rebuilding of Nigeria

At Foursquare lecture, Ex-minister Akinyemi, Oyebode, Aboyeji call for rebuilding of Nigeria: Also speaking at the event, a professor of International Law and Jurisprudence, Akin Oyebode urged the electorate to take advantage of the new election season to vote for candidates that will make a difference in the country’s existential circumstances.

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How NSIA 46% stake in Nigeria Air tilts the scale in favour of govt ownership vs Ethiopian Airlines’ 49%

How NSIA 46% stake in Nigeria Air tilts the scale in favour of govt ownership vs Ethiopian Airlines’ 49%: In reality, despite claims that Nigeria Air would be wholly owned and run as a limited liability company that will have no government intervention, the presence of the NSIA has put the government at an advantage with its cumulative 51 per cent shareholding in the national carrier.

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Nigeria moves to recover stolen funds from Atiku, Fayose, Obanikoro, engages US firm

Nigeria moves to recover stolen funds from Atiku, Fayose, Obanikoro, engages US firm: “The scope of the engagement is for the recovery of the illicit funds traced to Mr. Atiku Abubakar, Mr. Ayo Fayose, And Mr. Musiliu Obanikoro in the United States of America,” the AGF was quoted in the letter.

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NIMC chief tasks communication practitioners on professionalism

NIMC chief tasks communication practitioners on professionalism: Director General of the National Identity Management Commission (NIMC), Aliyu Aziz has charged the staff of the Corporate Communications Unit of the

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ECOWAS sanctions Guinea over delayed transition, condemns Mali for detaining Ivorian troops

ECOWAS sanctions Guinea over delayed transition, condemns Mali for detaining Ivorian troops: “These sanctions were taken with a view to facilitating the process of an early return to constitutional order in Guinea, a prerequisite for peace, stability and development,” the bloc said in a statement following the summit.

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Nigeria’s equity falls N88 bln on BUA, GTCO losses as interbank rates climb

Nigeria’s equity falls N88 bln on BUA, GTCO losses as interbank rates climb: Most analysts expect the rate-setting committee to hike the Monetary Policy Rate (MPR) further in tandem with the global expectation of higher inflation, which may impact on the cost of borrowing in the economy.

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Agip reports vandalisation of its gas pipeline in Bayelsa causing a leak, production losses

Agip reports vandalisation of its gas pipeline in Bayelsa causing a leak, production losses: “The line is depressurized and is currently being repaired. Production losses due to the shutdown are important,” the spokesperson said.

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It’s official; Ethiopian Airlines emerges core investor in Nigeria Air, says Sirika

It’s official; Ethiopian Airlines emerges core investor in Nigeria Air, says Sirika: While noting that only Ethiopian Airlines met the bidding evaluation criteria and the deadline, Sirika said it would hold 45 per cent equity with other consortiums holding 46 per cent.

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Kuda Bank’s N6 bln losses: Time to reappraise business model

Kuda Bank’s N6 bln losses: Time to reappraise business model: The bank’s new overdraft product, which was launched last year, has been fingered, and rightly so for the poor result. The sheer number of defaults literally ate into its balance sheet, eliminating funds and affecting the bank’s profitability.

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Oil prices edge down, recession fears back in focus

Oil prices edge down, recession fears back in focus: “In the wake of accelerating rate hikes by the major central banks, the risk of a global economic recession overshadows supply issues in the oil markets, despite the recent escalation in the Russia-Ukraine war,” said CMC Markets analyst Tina Teng.

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AfDB raises $100 mln 7-year bonds to ramp up food production in Africa

AfDB raises $100 mln 7-year bonds to ramp up food production in Africa: The new issuance was arranged by Citigroup Global Markets Limited and sold in a Private Placement format to a single Japanese investor, Norinchukin Bank, a strong supporter of the Agricultural, Fishery and Forestry industries, the bank said in a statement.

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Man United transfer plans ‘ahead of schedule,’ says director Murtough

Man United transfer plans ‘ahead of schedule,’ says director Murtough: Manchester United are "ahead of schedule" with their recruitment plans under manager Erik ten Hag, club football director John Murtough said on Thursday.

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Nigeria to float regional shipping line first quarter of 2023

Nigeria to float regional shipping line first quarter of 2023: A sub-Sahara regional shipping line, Sealink floated by a consortium, would commence operations before the end of this year or in the first quarter of 2023,

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Change of guard at Governor’s Forum as Fayemi hands over to Tambuwal

Change of guard at Governor’s Forum as Fayemi hands over to Tambuwal: “The Sokoto State Governor will be holding fort until May next year when a proper election is conducted among the governors.

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Bank of England raises rates to 2.25%, despite likely recession

Bank of England raises rates to 2.25%, despite likely recession: The BoE move follows the U.S. Federal Reserve’s decision on Wednesday to raise its key rate by three-quarters of a percentage point, as central banks worldwide grapple with post-COVID labour shortages and the impact of Russia’s invasion of Ukraine on energy prices.

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Nigeria’s Military plans Bombings of terrorist camps, asks civilians to vacate forest

Nigeria’s Military plans Bombings of terrorist camps, asks civilians to vacate forest: Armed gangs of men, known locally as bandits, have killed and kidnapped hundreds across northwest Nigeria over the past two years, typically operating from remote forests.

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FIRS warns MDAs, Govt agencies against appointing tax collectors, revenue consultants

FIRS warns MDAs, Govt agencies against appointing tax collectors, revenue consultants: “It has come to the notice of the Federal Inland Revenue Service that some Ministries, Departments and Agencies of Government (MDAs) are appointing concessionaires or consultants for the assessment, collection, accounting or enforcement of taxes and levies due to the Federal Government or any of its agencies.

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Ondo Gov, Akeredolu accuses Buhari of operating ‘One Country, Two Systems’

Ondo Gov, Akeredolu accuses Buhari of operating ‘One Country, Two Systems’: “That Katsina was able to arm its state security force, with the display of AK47 means we are pursuing one country, two systems “solution to the national question.”

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Access Corporation obtains CBN final licence to operate payment service bank

Access Corporation obtains CBN final licence to operate payment service bank: Hydrogen will deploy cutting-edge technology infrastructure, strong risk management and governance standards to provide secure cost-efficient and convenient payment services to individuals and businesses across the African continent thereby supporting the attainment of the Central Bank of Nigeria’s financial inclusion strategy.”

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Oil prices rebound as supply fears overtake recession worries

Oil prices rebound as supply fears overtake recession worries: Brent crude futures rose 50 cents, or 0.6 per cent, to $90.33 per barrel by 0319 GMT, recouping their losses in early Asia trade. U.S. West Texas Intermediate (WTI) crude rose 45 cents to $83.39.

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PDP NWC may announce Wike group suspension from the party today

PDP NWC may announce Wike group suspension from the party today: “As a party, we need to take a firm position to rebuild and rebrand our party. We have been in a marathon meeting since morning (Wednesday). But one thing is clear, no one has rejected our presidential candidate; that is very important.

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Nigeria’s equity market sustains downward trend as value of shares drops N12 bln

Nigeria’s equity market sustains downward trend as value of shares drops N12 bln: Shares in the holding company of First Bank fell 3.33 per cent, Sterling Bank declined by 1.33 per cent, United Capital dropped 1.30 per cent and Access Corporation 1.20 per cent while that of Lafarge Africa was down by 0.41 per cent and the end of trading.

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Nomadic herdsmen kill 19 farmers in southern Chad, destroy farmland

Nomadic herdsmen kill 19 farmers in southern Chad, destroy farmland: The latest violence broke out in the southern rural region of Moyen-Chari, more than 480 kilometres (298 miles) from the Central African country’s capital N’Djamena.

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Nobody can force Ayu to resign as PDP chairman, says Atiku, asks Wike Group to retrace steps

Nobody can force Ayu to resign as PDP chairman, says Atiku, asks Wike Group to retrace steps: “In this light, therefore, I will urge those members of our party that have stated their resolve to withdraw from the Presidential Campaign Council to have a rethink, retrace their steps, and join us in these efforts.

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President Buhari at UNGA, retriates commitment to transparent, fair election in 2023

President Buhari at UNGA, retriates commitment to transparent, fair election in 2023: ”As President, I have set the goal that one of the enduring legacies I would like to leave is to entrench a process of free, fair and transparent and credible elections through which Nigerians elect leaders of their choice,” Buhari was quoted as saying by his spokesman, Femi Adesina in a statement.

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Apple may move 5% of iPhone 14 production from late 2022 to India

Apple may move 5% of iPhone 14 production from late 2022 to India: It is also estimating about 25 per cent of all Apple products, including Mac, iPad, Apple Watch and AirPods, to be manufactured outside China by 2025 from 5 per cent currently.

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Senate confirms Ariwoola as nation’s chief justice

Senate confirms Ariwoola as nation’s chief justice: The red legislative chamber confirmed Ariwoola as CJN on Wednesday after the senate leader, Abdullahi Gobir moved a motion to screen him in the committee of the whole.

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Nigeria’s industrial court in a ruling orders university lecturers to go back to work

Nigeria’s industrial court in a ruling orders university lecturers to go back to work: He held that the strike is detrimental to public university students who cannot afford to attend private tertiary institutions.

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Oil prices tick up on supply concerns but expected Fed rate hike slows down increase

Oil prices tick up on supply concerns but expected Fed rate hike slows down increase: The OPEC+ producer grouping – the Organization of the Petroleum Exporting Countries and associates including Russia – is now falling a record 3.58 million barrels per day short of its production targets, or about 3.5 per cent of global demand. The shortfall highlights the underlying tightness of supply in the market.

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Buhari seeks Senate approval for N402 bln promissory notes to pay 3 states for road construction

Buhari seeks Senate approval for N402 bln promissory notes to pay 3 states for road construction: The second request asked the red chamber to approve N6.71 billion and N2.71 billion to be routed through Debt Management Offices (DMO) for the Kebbi State Government on the construction of federal roads and for the Taraba State Government for constructing federal roads as well.

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Nigeria’s interbank rates rise as liquidity tightens while equity market closes positive

Nigeria’s interbank rates rise as liquidity tightens while equity market closes positive: The total volume traded closed with an exchange of 147.585 million units valued at N2.39 billion traded in 3,323 deals. However, the market breadth was negative with 11 gainers as against 14 losers.

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Crude oil theft is treason against Nigeria, says House Speaker, Gbajabiamila

Crude oil theft is treason against Nigeria, says House Speaker, Gbajabiamila: “Those who seek to impoverish our country in this manner have declared war against the Nigerian people,” he told legislators when reconvening the House of Representatives after a two-month break.

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Nigerian ride-hailing app HerRyde aims to assure women of safety on ride

Nigerian ride-hailing app HerRyde aims to assure women of safety on ride: HerRyde launched with 10 drivers and logged roughly 500 rides in its first month in Abuja, Nigeria’s capital city. Its founders plan to expand elsewhere in Nigeria.

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Shell Petroleum to start turnaround maintenance on Bonga deepwater assets in Oct

Shell Petroleum to start turnaround maintenance on Bonga deepwater assets in Oct: The energy company said the scheduled turnaround maintenance of its offshore Bonga asset would be defined by safety as top priority.

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NEMA says floods kill over 300 in Nigeria this year, and could worsen

NEMA says floods kill over 300 in Nigeria this year, and could worsen: Ahmed said Cameroon opened flood gates at Lagdo dam last week and the spillover effects combined with heavy rainfall would lead to flooding in 14 states, including those in the oil-producing Niger Delta.

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Ghana economy records 4.8% growth in second quarter – stats office

Ghana economy records 4.8% growth in second quarter – stats office: Ghana's economy expanded 4.8 per cent year-on-year in the second quarter of 2022, driven by growth in the fishing, manufacturing and education services

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Nigeria spends N664.7 billion on domestic debt service in 3-month to June 2022 ~DMO

Nigeria spends N664.7 billion on domestic debt service in 3-month to June 2022 ~DMO: Nigeria’s domestic debt currently stood at N26.23 trillion or $63.24 billion due to New Borrowings by the FGN to part-finance the deficit in the 2022 Appropriation (Repeal and Enactment) Act, as well as New Borrowings by State Governments and the FCT.

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Nigeria’s inflation sees rising to 21.2% Sept ~ analysts at United Capital

Nigeria’s inflation sees rising to 21.2% Sept ~ analysts at United Capital: For core inflation, we expect global energy costs to remain elevated and the persistent FX pressures to impact the cost of imported and manufactured goods. That said, we project that the inflation rate will rise to 21.2 per cent in Sep-2022.

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NDLEA seizes N194 bln cocaine in Lagos, arrests 11 suspects for possession of drugs, guns

NDLEA seizes N194 bln cocaine in Lagos, arrests 11 suspects for possession of drugs, guns: The National Drug Law Enforcement Agency (NDLEA) on Monday said it has seized 1.8 tonnes of cocaine with a total street value of N194 billion in a secluded

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How I paid N30 mln ransom to free some of my Priests, warns Nigerians on 2023 election ~Kukah

How I paid N30 mln ransom to free some of my Priests, warns Nigerians on 2023 election ~Kukah: Bishop of the Catholic Diocese of Sokoto, Matthew Kukah has revealed that he has paid about N30 million as a ransom for the release of his church priests who

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Oil prices edge up as supply woes outweigh demand and rate hike worries

Oil prices edge up as supply woes outweigh demand and rate hike worries: The Organization of Petroleum Exporting Countries and allies led by Russia, known as OPEC+, fell short of its oil production target by 3.583 million barrels per day (bpd) in August, an internal document showed. In July, OPEC+ missed its target by 2.892 million bpd.

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Ghana declares end of Marburg virus disease outbreak

Ghana declares end of Marburg virus disease outbreak: “The Ghana Health Service (GHS) has officially declared Ghana free from the Marburg virus disease outbreak that was confirmed nearly two months ago,” the presidency tweeted on Monday.

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Portugal could face shortage if Nigeria does not deliver all LNG due

Portugal could face shortage if Nigeria does not deliver all LNG due: Although Portugal has its gas reserves at 100 per cent of storage capacity, Cordeiro said that if fewer Nigerian LNG deliveries materialised, it would have to look for alternative supplies.

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Barcelona projects €271 mln profit this season as it announces €98 mln in 2021-22

Barcelona projects €271 mln profit this season as it announces €98 mln in 2021-22: Barca sold another 15 per cent of their LaLiga TV rights to Sixth Street in July for over €300 million and then two 24.5 per cent stakes in Barca Studios for around €200 million in operations, which are factored into revenue for the 2022-23 season.

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Nigeria’s debt stock widens further to N42.8 trln in June vs N41.6 bln in March

Nigeria’s debt stock widens further to N42.8 trln in June vs N41.6 bln in March: By Oludare Mayowa

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Africa and Climate Change: A Conversation with US Senator John Kerry towards COP27

Africa and Climate Change: A Conversation with US Senator John Kerry towards COP27: As the world continues to experience the daily impact of global warming, whether the tragic recent flooding in Pakistan, or the less covered, but equally harmful, persistent environmental degradation of Africa’s Sahel region, leaders need to act, not just talk.

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FIRS mandate is to collect taxes, not to grant tax waivers to taxpayers – Nami

FIRS mandate is to collect taxes, not to grant tax waivers to taxpayers – Nami: He, however, noted that the Service is not unmindful of the objectives of granting tax waivers to investors, which he said include “helping to grow local companies, stimulate economic growth, and earn investors’ confidence.”

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Nigeria’s equity down N19 bln on sell-off on Energy firm, Seplat shares, others

Nigeria’s equity down N19 bln on sell-off on Energy firm, Seplat shares, others: The nation's bourse opened trading for the week on Monday negative amidst buy-interests and sell-offs as activities as the market extended losses for the fourth consecutive session.

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Leaders, monarchs gather in London for final farewell to Queen Elizabeth

Leaders, monarchs gather in London for final farewell to Queen Elizabeth: Thousands of people lined the streets to witness the passage of the queen’s casket from the historic Westminster Hall to nearby Westminster Abbey, and eventually on to Windsor Castle where she will be laid to rest alongside her late husband.

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Nigeria grants N16.7 trln in tax reliefs, concessions to 46 firms in 3-year ~Reports

Nigeria grants N16.7 trln in tax reliefs, concessions to 46 firms in 3-year ~Reports: They were beneficiaries of the pioneer status tax relief under the Industrial Development Income Tax Act with tax reliefs for a three-year period.

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NDLEA arrests ex-convict for importing 5.9 kg cocaine concealed in cans of deodorants

NDLEA arrests ex-convict for importing 5.9 kg cocaine concealed in cans of deodorants: A statement by the NDLEA spokesman, Femi Babafemi said the 44-year-old man had been sentenced to seven-year imprisonment in Ethiopia for drug traffic previously and was recently released from prison.

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Arsenal leapfrogs Manchester City to top Premier League table

Arsenal leapfrogs Manchester City to top Premier League table: “We have a different mentality this season. we kept going and are training like we play and have class with the players that can make a difference,” Xhaka told Sky Sports.

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Bitcoin slips once again below $20,000

Bitcoin slips once again below $20,000: Ether, the coin linked to the ethereum blockchain network, dropped 3.2 per cent to $1,422.1 on Sunday, losing $47 from its previous close.

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Nigeria-Morocco gas pipeline to open new energy-supply route for West Africa, Europe

Nigeria-Morocco gas pipeline to open new energy-supply route for West Africa, Europe: The Saudi Arabia-based Islamic Development Bank and the OPEC Fund for International Development have committed nearly $60 million to finance feasibility and engineering studies for what would be one of the longest pipelines ever built.

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Sustainable Foreign Exchange Earnings: The Regulatory perspective

Sustainable Foreign Exchange Earnings: The Regulatory perspective: By Lamido A. Yuguda

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Bank chief seeks value-added commodity exports to boost Nigeria’s revenue

Bank chief seeks value-added commodity exports to boost Nigeria’s revenue: “Most of our raw cashew nut exports go to Vietnam where more value is added to it and then re-exported. In 2020, Vietnam imported $1.5 billion worth of raw cashew nuts from Africa, added value to them and exported $3 billion worth of processed kernels.

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CBN says introduction RT200 scheme boosts non-oil export proceeds repatriation

CBN says introduction RT200 scheme boosts non-oil export proceeds repatriation: “We have seen a significant improvement not just in the figures that are being repatriated, but also in the number of exporters that are willing to come to the formal sector. Because a lot of our export has been happening informally, but with this scheme, we have found that a lot more players in the export sector are willing to come to the formal sector.

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Ukraine war, global food shortage will dominate world leader’s talking points at UN general assembly

Ukraine war, global food shortage will dominate world leader’s talking points at UN general assembly: Guterres said the geopolitical rifts were “the widest they have been since at least the Cold War.” He warned they “are paralyzing the global response to the dramatic challenges we face,” citing war, climate, poverty, hunger, and inequality.

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Nigeria losing N32 bln to Pipeline vandalisation, oil theft daily

Nigeria losing N32 bln to Pipeline vandalisation, oil theft daily: The stream is often the single largest export grade and has been under constant force majeure. The last shut in was in December 2021 and it was due to a malfunctioning barge that obstructed a tanker path.

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Tunisia raises fuel, cooking gas prices in bids to secure IMF facilities

Tunisia raises fuel, cooking gas prices in bids to secure IMF facilities: The rise in fuel prices is the fourth this year. Tunisia expects its budget deficit will expand to 9.7 per cent of Gross Domestic Product (GDP) in 2022, up from a previously expected 6.7 per cent, due to the stronger dollar and a sharp increase in grain and energy prices.

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A Nigerian woman tests positive to monkeypox in Delhi, an Indian city

A Nigerian woman tests positive to monkeypox in Delhi, an Indian city: Another source stated that the suspected case, which included a Nigerian woman as well, was hospitalised on September 14. It was also stated that the seventh and eighth confirmed cases as well as the suspected case are now admitted, and all three patients are doing well.

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Nigerian Air Force raids terrorist camp in Zamfara, kills many

Nigerian Air Force raids terrorist camp in Zamfara, kills many: The raid which reportedly took place on Saturday afternoon in Shinkafi LGA of Zamfara, was targeted at a wedding ceremony, with Turji and his group of terrorists in attendance.

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Delta Air Lines readies to take delivery of renewable fuel from its refinery

Delta Air Lines readies to take delivery of renewable fuel from its refinery: The move suggests a shift in strategy for Delta subsidiary Monroe Energy, which in the past has been among the smaller refiners that have tried to pressure the U.S. Environmental Protection Agency and the White House to reform biofuel laws.

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Nigeria achieves almost 90 mln enrolments on national identity database

Nigeria achieves almost 90 mln enrolments on national identity database: “This is one of the reasons enrolments have increased tremendously with over 89 million NINs generated successfully. On the international level, NIMC today has diaspora enrolment centres in over 40 countries, with more centres and countries scheduled to be added in the coming months.”

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Understanding the import of NOI presidential election poll

Understanding the import of NOI presidential election poll: The response from the Tinubu Campaign (or APC Campaign Council) immediately the poll was published betrayed an apparent lack of understanding of the objectives of the survey and a misinterpretation of the statistical presentation.

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NCAA renews Air Transport License of Azman Air, signs MoU on debt repayment

NCAA renews Air Transport License of Azman Air, signs MoU on debt repayment: It was learned that the airline also submitted its tax and security clearance forms to the NCAA and signed a Memorandum of Understanding (MoU) with the authority on payment of N50 million monthly in a bid to repay its legacy debt.

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Nigeria’s equity value drops N35 bln on losses by Access Corp, UBA, others as interbank rates close higher

Nigeria’s equity value drops N35 bln on losses by Access Corp, UBA, others as interbank rates close higher: The total volume traded closed with an exchange of 107.495 million units valued at N1.15 billion traded in 3,303 deals. The market breadth was negative with 9 gainers as against 13 losers.

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Senate to resume Tuesday, to consider confirmation of chief justice, security issues

Senate to resume Tuesday, to consider confirmation of chief justice, security issues

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Analysis: OPEC+ leaders like $100 oil, won’t necessarily defend it

Analysis: OPEC+ leaders like $100 oil, won’t necessarily defend it: Oil traded at $100-$120 for most of the second quarter which alarmed governments in many countries that were already dealing with runaway inflation.

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FIFA rules Chile out of Qatar World Cup after appeal to replace Ecuador fails

FIFA rules Chile out of Qatar World Cup after appeal to replace Ecuador fails: The Chilean football federation can appeal against FIFA’s verdict to sport’s highest court — CAS in Lausanne, Switzerland –which can organise an urgent hearing and ruling ahead of the World Cup.

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Nigeria to raise N225 bln from domestic debt market on Monday

Nigeria to raise N225 bln from domestic debt market on Monday: Nigeria plans to raise N225 billion from selling sovereign bonds on Monday across three tenor paper, maturing in 2025, 2032 and 2037, the Debt Management

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Nigeria may adopt Ethiopian Airlines as technical partner for proposed Nigeria Air

Nigeria may adopt Ethiopian Airlines as technical partner for proposed Nigeria Air: Sirika said the ministry would soon request the council’s approval for the full business case, a public-private partnership guided by the Infrastructure Concession Regulatory Commission (ICRC) regulations.

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US SEC’s crypto guidelines push up costs for lenders, disrupting projects

US SEC’s crypto guidelines push up costs for lenders, disrupting projects: A slew of lenders including U.S. Bancorp, Goldman Sachs Group Inc, JPMorgan Chase & Co, BNY Mellon, Wells Fargo & Co, Deutsche Bank, BNP Paribas and State Street Corp offer or are working on crypto products and services for clients in a bid to tap in to the $1 trillion crypto market, according to their public statements and media reports.

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Shell picks head of its gas and renewables business Sawan as new CEO

Shell picks head of its gas and renewables business Sawan as new CEO: Sawan’s appointment comes at a pivotal time for the oil giant, which is aiming to reduce emissions to net zero by 2050 and moving away from fossil fuels even as Europe looks to fossil fuels to survive a growing energy crisis.

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US climate envoy Kerry seeks African nations’ help to curb emissions

US climate envoy Kerry seeks African nations’ help to curb emissions: Twenty countries, including the United States, are responsible for 80 per cent of global emissions, Kerry said. Coal, oil and gas – drivers of the American economy – are the worst emitters, climate experts agree.

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IDB, OPEC may fund trans Sahara gas project as final investment decision expected in 2023

IDB, OPEC may fund trans Sahara gas project as final investment decision expected in 2023: Once completed, the project will supply about three billion standard cubic feet of gas per day along the West African coast from Nigeria, Benin, Togo, Ghana, Cote d’’ Ivoire, Liberia, Sierra Leone, Guinea, Guinea Bissau, Gambia, Senegal and Mauritania to Morocco.

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World Bank sees rising risk of global recession in 2023

World Bank sees rising risk of global recession in 2023: Synchronized interest rate hikes underway globally and related policy actions were likely to continue well into next year, but might not be sufficient to bring inflation back down to levels seen before the COVID-19 pandemic, the bank said.

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TotalEnergies gas fields could generate $450 mln a year for South Africa

TotalEnergies gas fields could generate $450 mln a year for South Africa: TotalEnergies lodged its production licence application for Block 11B/12B on Sept. 5 before a deadline expired which might have seen the oil major forfeit its right to develop two huge gas field discoveries – Brulpadda and Luiperd off South Africa’s southern coast.

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Losses in Access Corp, Dangote Sugar drag down Nigeria’s equity market

Losses in Access Corp, Dangote Sugar drag down Nigeria’s equity market: The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Vitafoam Nigeria, UAC of Nigeria (UACN), Dangote Sugar Refinery, Access Holdings, and UPDC Real Estate Investment Trust (UPDCREIT) Plc.

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Nigeria’s consumer inflation rises to 20.52% in Aug from 19.64% in Jul ~NBS

Nigeria’s consumer inflation rises to 20.52% in Aug from 19.64% in Jul ~NBS: The report explained that likely factors responsible for the increase in the annual inflation rate (year-on-year basis, were disruptions in the supply of food products.

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Experts see inflation galloping as Kenya’s new president scraps petrol subsidy

Experts see inflation galloping as Kenya’s new president scraps petrol subsidy: Like in other parts of the world, Kenyan inflation has accelerated, mainly due to the knock-on effects of a jump in crude oil prices. It stood at around 5 per cent at the start of 2022.

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MTN Nigeria launches book build for N100 bln 4-bond, 10-year bonds

MTN Nigeria launches book build for N100 bln 4-bond, 10-year bonds: “The issuance continues to reinforce MTN Nigeria’ssstrategy of diversifying its funding sources in line with its corporate objectives.,” the telecom firm said in the regulatory filing.

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Nigeria to partner Serum Institute of India on local production of Vaccines

Nigeria to partner Serum Institute of India on local production of Vaccines: “We hope to start manufacturing some of the vaccines (that) Serum Institute India manufactures and transfer the technology and skills to our people,” Ehanire said after Nigeria’s cabinet approved the deal with Serum Institute, the world’s largest producer of vaccines.

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Flutterwave includes eNaira as Payment Option for Merchants

Flutterwave includes eNaira as Payment Option for Merchants: “We… are confident that this number will grow further as we continue to innovate and expand,” Flutterwave said in a statement.

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Reactions as Peter Obi leads Tinubu, Atiku in poll conducted by Ngozi Okonjo Iweala firm

Reactions as Peter Obi leads Tinubu, Atiku in poll conducted by Ngozi Okonjo Iweala firm: According to the poll published on Thursday, Obi polled 21 per cent while the candidates of the ruling All Progressive Congress (APC) Tinubu and that of main opposition Peoples Democratic Party (PDP) Abubakar polled 13 per cent each.

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President Buhari to present N19.76 trln 2023 budget 1st week of Oct

President Buhari to present N19.76 trln 2023 budget 1st week of Oct: Gbajabiamila said this when he addressed newsmen shortly after inspecting hearing rooms 028 and 234 of the House, which was expected to serve as the temporary chamber due to the ongoing renovation of the House complex in Abuja on Wednesday.

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Lagos Police arrests ex-convict at Ojota over two stolen generators

Lagos Police arrests ex-convict at Ojota over two stolen generators: The suspect, Yekini Opeyemi, 35, was arrested at about 4:00 a.m. near Odo-Iya Alaro, Ojota in the company of others (now at large) trying to load one Firman and one Tigmax generator, 2.8 KVA each, into a Volkswagens Golf car. The driver on sighting the police officers sped off,

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Oil prices rise 1% on supply concerns, expectations for fuel switching

Oil prices rise 1% on supply concerns, expectations for fuel switching: The International Energy Agency (IEA) expects the deepening economic slowdown and a faltering Chinese economy to cause global oil demand to grind to a halt in the fourth quarter of the year. That has kept prices under pressure of late and may inhibit further rallies.

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End of COVID pandemic is ‘in sight’ ~WHO chief

End of COVID pandemic is ‘in sight’ ~WHO chief: That was the most upbeat assessment from the UN agency since it declared an international emergency in January 2020 and started describing COVID-19 as a pandemic three months later.

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Nigeria’s equity market losses N28 bln in value as Zenith Bank, others share prices fall

Nigeria’s equity market losses N28 bln in value as Zenith Bank, others share prices fall: The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Zenith Bank, Nigerian Exchange Group, Union Bank of Nigeria (UBN), Cutix and United Bank for Africa (UBA).

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VP Osinbajo expresses need for Nigeria to benefit more from its gas reserves

VP Osinbajo expresses need for Nigeria to benefit more from its gas reserves: Pointing out that Nigeria has one of the largest gas reserves in the world and should benefit from its exploitation, the VP also highlighted the significance of Nigeria’s Energy Transition Plan, which is the first in Africa.

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Our expansions across Africa will boost shareholder’s returns on investment, says UBA New GMD

Our expansions across Africa will boost shareholder’s returns on investment, says UBA New GMD: “We are expanding our services beyond Africa, bringing in capital inflow and investment into Nigeria and Africa constitutes over 50 per cent of our revenue and we will do more.

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Paul Pogba’s brother Mathias in police custody over armed extortion

Paul Pogba’s brother Mathias in police custody over armed extortion: French prosecutors are investigating allegations that Paul Pogba was the target of extortion by his elder brother Mathias and childhood friends. They allegedly demanded €13 million (nearly $13 million) from the former Manchester United player.

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Oyo Gov Makinde asks PDP Chairman Ayu to resign as Atiku meets S/West stakeholders

Oyo Gov Makinde asks PDP Chairman Ayu to resign as Atiku meets S/West stakeholders: The Oyo State Governor, Seyi Makinde on Wednesday in Ibadan called for the resignation of the National Chairman of the Peoples Democratic Party (PDP),

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Road Infrastructure Tax Credit Scheme helping Nigeria to bridge infrastructure deficit FIRS Chief

Road Infrastructure Tax Credit Scheme helping Nigeria to bridge infrastructure deficit FIRS Chief: “I want to speak to the one we are handling jointly with the NNPC. The NNPC through its subsidiary for instance is investing in about 1,824 kilometres of roads across the 6 geopolitical zones in Nigeria,” Nami was quoted in a statement by his Special Assistant on Media & Communication,  Johannes Oluwatobi Wojuola

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Urgent need for a local content policy in Nigeria’s aviation industry

Urgent need for a local content policy in Nigeria’s aviation industry: Despite the potential of the sector to create employment and spur the development of other industries such as hospitality and tourism, the aviation industry in Nigeria has one of the highest turnovers of registered domestic airlines in the world.

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God does not back war, Pope Francis says

God does not back war, Pope Francis says: “God is peace. He guides us always in the way of peace, never that of war,” Francis said, speaking at a huge round table in the Independence Palace, a massive modern structure made of steel and glass in the capital of the former Soviet republic.

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Nigeria moves to end gas flaring, boosts commercialisation of resources

Nigeria moves to end gas flaring, boosts commercialisation of resources: “We are trying to bring down gas flaring. Gas flaring commercialization programme is at an advanced stage, which is going to take out about 15 million tonnes of CO2 from the atmosphere, which is one of our biggest contributions to global gas emissions,” said Timipre.

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Nigeria to sign MoU on trans Sahara gas project with ECOWAS, Morocco

Nigeria to sign MoU on trans Sahara gas project with ECOWAS, Morocco: Once completed, the project will supply about three billion standard cubic feet of gas along the coast of West Africa from Nigeria, Benin, Togo, Ghana, Cote d’ Ivoire, Liberia, Sierra Leone, Guinea, Guinea Bissau, Gambia, Senegal and Mauritania to Morocco.

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PDP presidential candidate Atiku says to tackle insecurity, poverty

PDP presidential candidate Atiku says to tackle insecurity, poverty: Atiku, who spoke on Tuesday at the Private Sector Economic Forum organised by the Lagos Chamber of Commerce and Industry (LCCI) in Lagos said he will take tough and difficult decisions on security matters without fear or favour.

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US signs deal with Google to develop chips for researchers

US signs deal with Google to develop chips for researchers: A string of companies have announced new semiconductor plants resulting from the passage of the legislation, which authorized about $52 billion in government subsidies for U.S. semiconductor production and research, and an investment tax credit for chip plants estimated to be worth $24 billion.

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Local bourse value rises marginally on accounts of gains in shares of Fidelity Bank, Access Corporation

Local bourse value rises marginally on accounts of gains in shares of Fidelity Bank, Access Corporation: On market outlook, GTI Securities Limited said “domestic market records marginal growth as uncertainty trail investors’ activities. We expect cautious trading to continue pending any significant changes in the economic conditions.”

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Ayu again stirs hornet’s nest, says Okowa more qualified to be Vice President than Wike

Ayu again stirs hornet’s nest, says Okowa more qualified to be Vice President than Wike: “We looked around and we thought we have to give not just a vice president that will assist him (Atiku) but we did our homework to select a man who is highly educated, very humble, and who has done very well as a governor in his home state.

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Nigeria to improve wheat production with locally modified seeds

Nigeria to improve wheat production with locally modified seeds: Africa’s most populous country placed restrictions on wheat imports before Russia’s invasion of Ukraine disrupted supply. But it harvested less than one per cent of the 4.7 million tons of grain it consumed in 2021, according to the US Department of Agriculture.

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Germany plans to sell 6.2% worth $458 mln stake in Lufthansa

Germany plans to sell 6.2% worth $458 mln stake in Lufthansa: The government will sell as many as 74.4 million shares, equal to a 6.2 per cent stake in Europe’s largest airline, via an accelerated bookbuild to institutional investors, according to a term sheet released Tuesday.

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Scottish police charge man who heckled Prince Andrew during procession

Scottish police charge man who heckled Prince Andrew during procession: Television footage on Monday showed a man heckling Andrew at that time while the prince and his siblings, including King Charles, were walking behind a hearse carrying their mother’s coffin.

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