Wednesday, 31 August 2022
Arsenal continues perfect start to Premier League season with 2-1 win over Aston Villa
August 31, 2022
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Arsenal continues perfect start to Premier League season with 2-1 win over Aston Villa: Villa, dominated by Arsenal for the vast majority of the 90 minutes, found an unlikely equaliser in the 74th minute when Douglas Luiz scored straight from a corner only seconds after entering the game as a substitute.
At NECA CEO Discuss, economist canvasses removal of fuel subsidy to cut back on deficit
August 31, 2022
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At NECA CEO Discuss, economist canvasses removal of fuel subsidy to cut back on deficit: “We can’t afford fuel subsidy. If we want to look at it from the economic point of view, it’s about opportunity cost. What is the opportunity cost of N8 trillion? The schools are closed. We are actually borrowing to consume on fuel subsidy.
Tuesday, 30 August 2022
Nigeria’s equity market falls on FCMB, Sterling Bank losses as FMDQ approves C & I Leasing, CitiTrust N50 bln CPs
August 30, 2022
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Nigeria’s equity market falls on FCMB, Sterling Bank losses as FMDQ approves C & I Leasing, CitiTrust N50 bln CPs: Meanwhile, the FMDQ Exchange has approved the registration of the C & I Leasing PLC’s N50.00 billion commercial paper issuance programme on its platform.
NNPC will be IPO ready 2nd quarter of 2023, says Kyari
August 30, 2022
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NNPC will be IPO ready 2nd quarter of 2023, says Kyari: “For you to list shares on the exchange, you must be IPO ready. Being IPO ready will means that you have a system and processes in place, you must have governance, you must have assets you must have a correct and undisputable valuation that potential buyers can see, and then we will be IPO ready by the middle of next year.
Nigeria to tap 20% investment in Dangote Refinery to improve fuel supply, stop importations
August 30, 2022
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Nigeria to tap 20% investment in Dangote Refinery to improve fuel supply, stop importations: According to the Chief Executive of the state-owned oil firm, Mele Kyari, the country would stop importing petroleum products by 2023 as operations of the Dangote refinery and Port Harcourt Refinery would ensure domestic consumption of fuel is adequately met.
Osinbajo hosts 10 Govs after recuperating from surgery, seeks urgent action on economy
August 30, 2022
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Osinbajo hosts 10 Govs after recuperating from surgery, seeks urgent action on economy: The Vice President and the Governors then agreed to engage these and other pressing issues further with a view to bringing urgent resolution for the benefit of the Nigerian people.
DATAPRO affirms Nova Merchant Bank’s Long-Term and short Term Issuer Ratings of ‘A+’ and ‘A1’; Stable Outlook
August 30, 2022
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DATAPRO affirms Nova Merchant Bank’s Long-Term and short Term Issuer Ratings of ‘A+’ and ‘A1’; Stable Outlook: Reacting to the ratings, the Managing Director/CEO, Nova Merchant Bank Limited, Nath Ude, said, “DataPro’s affirmations of NOVA’s Long-Term and Short-Term ratings and stable outlook, are confirmation of the bank’s sound governance, strong risk management and good asset quality. Notably, the ratings highlight the strong productive capacity of the Bank driven by sustainable growth.
Nigerian Army patrol team kill one bandit, capture three others in a battle in 8 Kaduna communities
August 30, 2022
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Nigerian Army patrol team kill one bandit, capture three others in a battle in 8 Kaduna communities: In a statement by the army spokesman, Onyema Nwachukwu, the team that neutralised the bandits was led by the General Officer Commanding (GOC) 1 Division Nigerian Army, Taoreed Lagbaja, a Major General accompanied by a team of Operational commanders and operatives.
Delta Airlines suspends flights from New York to Lagos
August 30, 2022
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Delta Airlines suspends flights from New York to Lagos: “Customers impacted by our suspended New York-JFK to Lagos service will be re-accommodated on Delta operated flights or services operated by our joint venture partners. Delta remains committed to the Nigeria market,” the airline said in the statement.
Dangote Sugar to cut importations by 40%, seeks to expand operations
August 30, 2022
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Dangote Sugar to cut importations by 40%, seeks to expand operations: Dangote said the integrated sugar complex would be located in Tunga, in the Awe Local Government Area of Nasarawa State, and comprises 60,000ha of sugar plantation and two sugar factories with the capacity to produce 430,000 tonnes of refined white sugar per annum.
Manchester United near deal for Newcastle goalkeeper Martin Dubravka
August 30, 2022
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Manchester United near deal for Newcastle goalkeeper Martin Dubravka: The 33-year-old Slovakian international will become Erik ten Hag’s sixth signing of the summer after Tyrell Malacia, Christian Eriksen, Lisandro Martinez, Casemiro and Antony.
Monday, 29 August 2022
How we intervene to stop the spread of Gas fire near RCCG camp, Mowe ~LASEMA Boss
August 29, 2022
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How we intervene to stop the spread of Gas fire near RCCG camp, Mowe ~LASEMA Boss: The operation which was led by the Permanent Secretary, LASEMA, Olufemi Oke-Osanyintolu was effectively and efficiently carried out at the Gas filling Station.
TotalEnergies announces commercial agreement between Northern Lights and Yara to transport, store CO2
August 29, 2022
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TotalEnergies announces commercial agreement between Northern Lights and Yara to transport, store CO2: This agreement, the first of its kind worldwide, is a major milestone in the decarbonization of heavy industry in Europe, paving the way for international CO2 transport and storage as a service, the company said in a statement on its website.
Online publishers to discuss 2023 elections at this year’s conference
August 29, 2022
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Online publishers to discuss 2023 elections at this year’s conference: The conference will bring together many policy and decision-makers from the private and public sectors as well as scholars, non-governmental organizations and the media, the statement said.
Elon Musk subpoenas Twitter whistleblower, seeking details on spam, security
August 29, 2022
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Elon Musk subpoenas Twitter whistleblower, seeking details on spam, security: Musk sought information from whistleblower Peiter Zatko mostly about the way Twitter measures spam accounts. Musk has said he is walking away from the deal for the company because Twitter misled him and regulators about the true number of spam or bot accounts on the microblogging platform.
Attempt by APC to hijack electoral process; YIGA Chief asks senate to reject president’s INEC nominees
August 29, 2022
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Attempt by APC to hijack electoral process; YIGA Chief asks senate to reject president’s INEC nominees: “The Senate needs to rise to the occasion by rejecting these nominees and ask the President to re-nominate. It (the nominations) is an aberration of the constitution.”
Lion mauls man to death in Ghana zoo
August 29, 2022
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Lion mauls man to death in Ghana zoo: “The intruder was attacked and injured by one of the lions,” the state Forestry Commission said on Sunday, adding that the man had died from wounds he sustained in the attack.
Nigeria ‘II not default on debt servicing, proposing N19.7 trln budget for 2023
August 29, 2022
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Nigeria ‘II not default on debt servicing, proposing N19.7 trln budget for 2023: The minister further said Nigeria has been able to consistently without fail, service her debt and the country do not have any projections even in the near future, to fail in that obligation.
Nigeria’s equity market declines as losses in Nigerian Breweries, GTCO drag down index
August 29, 2022
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Nigeria’s equity market declines as losses in Nigerian Breweries, GTCO drag down index: This week, United Capital Plc, expected the market to reverse to a bear market as investors remain cautious about the equity market amidst a rising yield environment and tight system liquidity, saying “however, investors are expected to continue cherry-picking stocks with solid underlying fundamentals.”
Barcelona forward Aubameyang attacked by 4-armed robbers, beaten in front of wife, terrified children
August 29, 2022
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Barcelona forward Aubameyang attacked by 4-armed robbers, beaten in front of wife, terrified children: El Pais report that at least four men climbed into his garden at the complex in Castelldefels and threatened him with firearms and iron bars – and the crooks escaped with jewels after gaining access to the player’s safe.
Finair partners with Qatar Airways to open up new routes
August 29, 2022
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Finair partners with Qatar Airways to open up new routes: Finnair has been seeking new commercially-feasible routes since the closure of Russian airspace due to the war in Ukraine cut off its previously lucrative Asian connections via a northern route.
Standard Alliance Insurance sues NAICOM over revocation of licence
August 29, 2022
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Standard Alliance Insurance sues NAICOM over revocation of licence: The insurance firm is seeking the court to rule that “a declaration that the purported notice of cancellation of registration of Standard Alliance Plc issued by the 1st defendant dated the 21st day of June, 2022 is a nullity ab initio.
Popes who resign are humble, Francis says in central Italy visit
August 29, 2022
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Popes who resign are humble, Francis says in central Italy visit: L’Aquila, a central Italian city which Francis visited briefly, is the burial place of Celestine V, who resigned as pope in 1294 after only five months to return to his life as a hermit, establishing a papal prerogative.
Nigeria can now produce Covid-19 vaccine of acceptable international standard, says NAFDAC
August 29, 2022
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Nigeria can now produce Covid-19 vaccine of acceptable international standard, says NAFDAC: She described the Federal government’s huge spending on the fight against COVID-19 as exemplified by the construction of the new COVID-19 laboratory, equipped with modern instruments and amenities at the Agency as a wake-up call for the country.
Sunday, 28 August 2022
Economies of 10 Nigerian states bigger than some African countries, says Osinbajo
August 28, 2022
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Economies of 10 Nigerian states bigger than some African countries, says Osinbajo: “When they talk about economy, we are often compared with smaller African countries, but there are 10 states in Nigeria that have bigger GDPs than those countries, it is a huge target market.”
Lagos Police arrest fake army capital for armed robbery, recover SUV, other items
August 28, 2022
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Lagos Police arrest fake army capital for armed robbery, recover SUV, other items: A statement by the Lagos Command spokesman, Benjamin Hundeyin stated that the command acted after receipt of a complaint from one of Edwards’ victims whose identity remained undisclosed.
Saturday, 27 August 2022
Hungry and malnourished, northeast Nigeria endures humanitarian crisis
August 27, 2022
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Hungry and malnourished, northeast Nigeria endures humanitarian crisis: The militant Boko Haram group and its offshoot Islamic State West Africa Province have been fighting Nigerian security forces in the northeast for over a decade, displacing more than 2 million people and killing hundreds of others, aid agencies say.
https://globalfinancialdigest.com/hungry-and-malnourished-northeast-nigeria-endures-humanitarian-crisis/
Thursday, 25 August 2022
Citigroup to wind down Russian consumer operations
August 25, 2022
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Citigroup to wind down Russian consumer operations: The U.S. lender which became one of the biggest global financial giants under former top boss Sandy Weill, has in recent years been cutting down its international footprint by exiting non-core markets.
https://globalfinancialdigest.com/citigroup-to-wind-down-russian-consumer-operations/
Nigeria relies on non-oil revenue from Customs, FIRS to pay salary, says Keyamo
August 25, 2022
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Nigeria relies on non-oil revenue from Customs, FIRS to pay salary, says Keyamo: “NNPC is no longer remitting money into FAAC. I hope you know that? All the money they earn goes into subsidies. So the government have to rely on revenue from customs, FIRS and others to pay salaries and carry out some other activities.
https://globalfinancialdigest.com/nigeria-relies-on-non-oil-revenue-from-customs-firs-to-pay-salary-says-keyamo/
Investors are demanding higher rates for their funds as tight liquidity weigh
August 25, 2022
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Investors are demanding higher rates for their funds as tight liquidity weigh: Looking forward, we expect the stop rates in subsequent auctions to maintain their upward trend. In the absence of any substantial flows that will make the market liquid, we believe that fund managers will demand higher rates for their funds.
https://globalfinancialdigest.com/investors-are-demanding-higher-rates-for-their-funds-as-tight-liquidity-weigh/
Wednesday, 24 August 2022
Twitter facing more staff exodus amid Musk battle, whistleblower allegation
August 24, 2022
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Twitter facing more staff exodus amid Musk battle, whistleblower allegation: The staff meeting was held a day after Twitter’s former security chief Peiter “Mudge” Zatko said in a whistleblower complaint that the social media company misled federal regulators about its defences against hackers and spam accounts.
https://globalfinancialdigest.com/twitter-facing-more-staff-exodus-amid-musk-battle-whistleblower-allegation/
Analysts see 5% excise duty on telecom services boosting Govt revenue
August 24, 2022
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Analysts see 5% excise duty on telecom services boosting Govt revenue: Looking forward, we expect that the 5.0 per cent excise duty on telecom services will boost the FGN tax base without hurting revenue in the telecom industry in the short run.
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