Akwa Ibom State Government said it did not collect a N10 billion loan for road projects. Commissioner for Finance, Akan Okon, told journalists yesterday in Uyo that the loan was not for the government as purported, as it only guaranteed it for a contractor handling a major road project. â€œThere is a difference between taking
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Peopleâ€™s Democratic Party, PDP, has alleged that despite the hardship and economic meltdown currently rocking the nation, Hanan Aisha Buhari, 16-year-old daughter of President Muhammadu Buhari, reportedly flew first class on British Airways Flight 083 to London from Abuja yesterday. PDP disclosed this via its Nigeria Twitter account, @PdpNigeria, yesterday. According to the tweet, â€œHanan
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Trial of former Chief of Defence Staff, Air Chief Marshal Alex Badeh, continued yesterday with further cross examination of the prosecution witness, Air Commodore Salisu Abdullahi Yushau. At the resumed hearing, the defence counsel, Chief Akin Olujimi (SAN) subjected the witness to further cross examination during which he admitted that most of the statements he
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The countdown is on as the September 10 2016 date given by the Independent National Electoral Commission, INEC, for Edo people to elect a successor to the outgoing Governor Adams Oshiomhole draws near. In this two part analysis VICTOR OSEHOBO of our Benin examines the chances of the over 15 aspirants. Of all the
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Following uncertainty in the Leadership of the Nigeria Football Federation, embattled President Amaju Pinnick has invited FIFA President Gianni Infantino to Nigeria in a yet to be disclosed date. A release from NFFâ€™s headquarters in Abuja indicated that the worldâ€™s number one football administrator will pay a courtesy call on President Muhammadu Buhari, attend the
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Overnight interbank rate rose marginally to an average of 3.5 percent on Friday from 3 percent last week after banking system liquidity declined because the Central Bank of Nigeria, CBN, debited banks in line with the cash reserves ratio, CRR, traders said. Traders said about N21.6 billion ($108.54 million) in CRR was withdrawn by the
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Aniedi Ikoiwak, the Resident Electoral Commissioner of the Independent National Electoral Commission for Rivers State, has said the commission has not announced the result of the March 19 re-run election for Tai Local Government Area. Ikoiwak told the News Agency of Nigeria on telephone that allegations by the Peoples Democratic Party that the commission had
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ACTIVITIES on the Nigerian Stock Exchange on Friday recorded further growth, appreciating by 2.23 per cent following investors renewed confidence in oil and gas stocks. The positive development was said to be occasioned by the Federal Governmentâ€™s removal of subsidy. The Nigerian equity market rose to its highest level last seen in January. Market capitalisation
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Manchester City have all but confirmed their place in the Champions League next season after playing out a 1-1 draw at Swansea City in Manuel Pellegriniâ€™s final game in charge of the club. The expected final-day battle between City and Manchester United did not materialise as their rivalsâ€™ match against AFC Bournemouth was abandoned after
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Disturbed by the rising drug abuse among youth in the country, Senator Philip Gyunka has disclosed plans to embark on massive youthâ€™s education on the dangers of the menace across all higher institutions in his senatorial district in particular and Nasarawa State in general. Senator Gyunka, who represents Nasarawa North under the Peoples Democratic Party,
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NASARAWA State House of Assembly committee on Health has summoned 12 contractors handling renovation works at the state owned school of Health Technology, Keffi to appear before it on Monday next week over alleged poor quality of work. Acting chairman of the committee, Hon. Mohammed Okpede (PDP-Doma North) gave the directive on Wednesday after the
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GUARANTY Trust Bank plc has partnered African-focused entrepreneurship accelerator, She Leads Africa (SLA) and the Work in Progress! Alliance (Oxfam and VC4Africa) to launch the She Leads Africa Accelerator, a 3 month program designed to identify, support and fund the next generation of Nigeriaâ€™s brightest female entrepreneurs. The Entrepreneur Showcase is the flagship program of
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As part of its drive to partner with stakeholders in the growth of the nationâ€™s economy both at the state and national levels, Sterling Bank has announced its sponsorship of the third edition of the Ogun State Investment Forum. The theme of the two day event starting on May 9, 2016 is â€œOgun State: Open
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Zamfara State House of Assembly has introduced a new system of budget defence for Local Government Councils to ensure accountability in local government administration in the state. Alhaji Dayyabu Rijiya, the Chairman of the Assembly Committee for Local Government and Chieftaincy Affairs, told Assembly Correspondents in Gusau on Friday that the new system would require
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Chief Executive of Union Bank, Emeka Enuwa yesterday said Union Bank will keep providing agricultural finance to rural farmers adding that as a member of African Rural Agricultural Credit Association, the Bank remains committed to providing rural finance in Nigeria. â€œAt Union Bank, we shall continue to provide credit to the agricultural sector and we
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ECOBANK Transnational Incorporated Plc has filed its audited reports for the year ended 31, December, 2015 indicating a profit after tax decline of 68% to N21.3 billion from N65.7 billion in 2014. Though, profit before tax was also down 53 % to N40.6 billion from N86.4 billion in the previous year, revenue for the group
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Harry Kane has won the Premier Leagueâ€™s Golden Boot award after topping the divisionâ€™s scoring charts despite failing to score on the final day of the Premier League season. The race to be crowned top scorer saw Kane, Leicester Cityâ€™s Jamie Vardy and Manchester Cityâ€™s Sergio Aguero all go head-to-head on Sunday, with just one
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SENTIMENTS at the Nigerian Stock Exchange, NSE, Friday remained dampened as the All-Share Index, ASI, and market capitalisation went down 0.70 percent to close the week at 25,328.07 points and N8.712 trillion respectively. â€œSimilarly, all other Indices finished lower during the week, with the exception of the NSE Oil/Gas Index and the NSE Pension Index
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Minister of Finance, Mrs. Kemi Adeosun has said that the federal governmentâ€™s economic team is doing everything to ensure that the economy is reflated and also improve the lives of Nigerians. She said the economic team is competent, hardworking and would turn the economy around. Adeosun, said this while speaking on Sunrise, a programme on
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Former Minister of Education, Malam Ibrahim Shekarau has said that his arrest and detention by the Economic and Financial Crimes Commission, EFCC, has no political undertone. Shekarau, who is also a former governor of Kano State, made the remark while addressing a news conference in Kano on Sunday. He said â€œwhat happened to me could
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