Chief Magistrate Ibrahim Mohammed of an Ilorin Magistrates’ Court on Tuesday rejected a request by the Police headquarters in Abuja, seeking the termination of an alleged fraudulent sale of a $400,000 oil vessel to Alhaji Kamoru Yusuf, owner of Kam Steel Holdings Limited.The court during its last sitting, remanded the
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The Federal Government has brought an application to withdraw the “illegal possession of firearms” case it filed against the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, at the Federal High Court sitting in Lagos.Director of Public Prosecutions (DPP) at the Federal Ministry of Justice, Mohammed Bakodo Abubakar, made
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The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 24.08 percent in July 2023 — up from 22.79 percent in the previous month.The latest figure is the seventh consecutive rise in the country’s inflation rate this year.The National Bureau of
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Agency ReportsMilitary chiefs from the West African bloc ECOWAS will meet in Ghana this week to discuss possible intervention in Niger, military and political sources in the region said Tuesday.The meeting on Thursday and Friday -- originally scheduled for last weekend but then postponed -- came after ECOWAS leaders last
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The Nigeria Labour Congress, NLC, yesterday threatened to shut down the economy without giving notice to the government, if the petrol pump price was increased again.It also raised alarm over the alleged hijack of the duties of the Ministry of Labour and Employment by the Inspector-General of Police, IGP, and
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Nigerian superstar WizKid’s ‘Made In Lagos,’ has broken record as the US Best-Selling African Album, after reaching an impressive 680,000 sales milestone.The album also exceeded expectations in terms of streaming; accumulating over 1.02 billion on-demand streams in the USA alone.This development further reaffirmed WizKid’s place as a global music icon
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The University of Ibadan, Oyo State, has directed its staff to work for three days a week.The institution made this disclosure through a special release number, 4642, dated 14 August 2023 and signed by G.O. Saliu, Registrar and Secretary to Council.It explained that the decision was taken in view of
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The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria requires $20 billion annually to achieve the desired gas expansion plan to bridge the country’s gas infrastructure.NEITI Executive Secretary, Dr Orji Ogbonnaya Orji, at the policy dialogue on Nigeria’s Decade of Gas Action plan on Monday in Abuja said given the
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The retail arm of the Nigerian National Petroleum Company Limited (NNPCL), has dismissed reports of a likely increase in the pump price of petrol.UNITY TIMES reports that the independent oil marketers have alerted on a further increase in petrol pump price ranging between N680/litre and N720/litre if the dollar continued
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The Central Bank of Nigeria (CBN) is owing a $7.5 billion to American banks, JP Morgan and Goldman Sachs, according to its consolidated financial statements published on Friday.CBN’s financial documents showed that it owed the American banking giant Goldman Sachs $500 million and JP Morgan $7 billion in securities lending.
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