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Barclays latest to blacklist Nigeria

Not too long after President Muhammadu Buhari’s numerous negative comments on Nigeria outside its shores, Barclays Bank has announced it will remove Nigeria’s sovereign debt from its emerging markets local currency government bond benchmark from February 1, 2016. The announcement is coming at a time when JP Morgan & Chase, has already removed Nigeria from its Government Bond Index for Emerging ...

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How N25bn is embezzled daily via Buhari’s TSA – Dino Melaye

Senator representing Kogi West, Dino Melaye on Tuesday, raised an alarm over a massive corruption operation going on in the management of the Treasury Single Account, TSA. Melaye who made this known in the floor of the House said “financial scavengers and economic cankerworms” ‎were trying to sabotage the anti-corruption war President Muhammadu Buhari was believed to be prosecuting by mismanaging ...

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Former Minister Orubebe Arraigned For N70m Bribery, False Assets Declaration

The Federal Government, through the Code of Conduct Bureau, on Monday arraigned a former Minister of Niger Delta, Mr. Godsday Orubebe on four counts of false assets declaration and bribery. Orubebe, who was arraigned before the Justice Danladi Umar-led Code of Conduct Tribunal, pleaded not guilty to the four counts preferred against him. Justice Umar expressed disappointment at the failure of ...

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EFCC appoints new Chairman!

Ibrahim Magu, a top level official of the Economic and Governance Unit of the EFCC, has been elevated to the position of chairman of the commission. This follows the removal today by the government of Ibrahim Lamorde, who had held that position since 2011. Magu is remembered as a no-nonsense investigator of the commission at its inception.  He was removed ...

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Economic prosperity of biosafety regulations in Nigeria

By Etta Michael Bisong Abuja   After over 11 years of intellectual gymnastic between experts, policymakers, investors as well as consumers the Federal Government under the reign of former President Goodluck Jonathan in April, 2015 signed into law the National Biosafety Management Act (NBMA). The objective of the Act is to give legal backing to the practice, proper deployment and ...

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Indicators reveal full extent of damage to Nigerian economy

With the year winding up, Nigeria has experienced three consecutive quarters of negative growth as shown by three different indicators; Gross Domestic Product, GDP, Inflation and Employment. Nigerians who voted in the current administration were expectant that within the second, third and fourth quarters of 2015 Nigeria’s the economy must have gotten a sense of direction. That has remained a ...

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NIGERIA CUSTOM BOSS APPOINTS NEW DEPUTIES

In an unprecedented move and just days after 5 Deputy Comptrollers General of Customs, DCG, resigned in protest against the leadership style of the Controller General, CG, Hameed Ali, 6 new DCGs of the rank of Assistant Comptrollers General have now been appointed to serve as Deputies to the CG. Customs Public Relations Officer, Wale Adeniyi announced this as part ...

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SAT 3 is set for re-launching – NITEL

NATCOM is set to re-launch the SAT-3 undersea facility, which will set the pace for the next level of telecommunications and internet bandwidth so as to tap broadband stakes in the country, the Managing Director, Mr. Kamar Abass, has said. The SAT-3 rebound, to be driven by NITEL, the new company formed from the NITEL acquisition, is part of a ...

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President Buhari declares SURE-P cancelled!

Breaking times reports that President Buhari also ordered the presidential committee and workers of the agency to close shop. The order was delivered to the SURE-P committee via a letter from the office of the Secretary to the Government of the Federation (SGF). President Buhari in the letter directed the panel to wind down the operations of SURE-P on or ...

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African Economic Merit Awards To Boost Africa Economic Growth

The organisers of the African Economic Awards (AEMA) have expressed optimism that aside from  rewarding African entrepreneurs and non-governmental organisations (NGOs) that have ‎contributed immensely to the development of Africa, it would also stimulate international business community. The President/Chief Executive Officer (CEO), AEMA, Mr. McEva Temofe‎ disclosed this on Wednesday at a press conference in Abuja where he said AEMA ...

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