Dozens of Boko Haram fighters have given themselves up to authorities in southern Niger, the interior minister said, days after the Islamist group suffered key losses over the border in Nigeria. “Thirty-one young people from Diffa, who were enrolled a few years ago in Boko Haram, decided to surrender,” minister Mohamed Bazoum wrote on Twitter […]
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The Nigerian securities and Exchange Commission (SEC) has prohibited Heritage Capital Markets Limited, a stockbroker and dealer on the Nigerian Stock Exchange (NSE), for alleged fraudulent sale of investor’s shares. In a circular, SEC stated that it suspended Heritage Capital Markets “in connection with unauthorised sale of shares belonging to an investor”, using the capital market […]
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China stocks fell in timid trade on Wednesday, with sentiment dampened by a regulator’s latest measures to put insurers’ aggressive stock investments under stricter supervision. Both the CSI300 index and the Shanghai Composite Index extended Tuesday’s losses and fell 0.4 percent, to 3,302.21 points and 3,102.54 points respectively. Investor confidence was shaken by Wednesday’s media […]
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Nigerian Civil Aviation Authority (NCAA) has slammed Arik Air a fine of N6 million for breaching the Nigerian Civil Aviation Regulations (NCAR) rule concerning passengers’ rights and airlines’ obligation to them. Spokesman of the authority, Sam Adurogboye, who made this known yesterday, said the money should be paid within seven days, saying the penalty has […]
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The Department of State Services (DSS) yesterday confirmed the arrest of the third most wanted terrorism suspect. The suspect, who is in the custody of the agency, has been indicted in the killing of expatriates in the country between 2012 and 2013. Many secret services in various parts of the world have been trooping into […]
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Over 40 foreigners have been arraigned in the last one week, following the fall of the dreaded Sambisa, correspondent learnt. The profiling of the foreigners has started to determine whether or not they were working in cahoot with Boko Haram insurgents, who are fleeing their former stronghold. The military has blocked all known entry and exit points […]
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The Standards Organisation of Nigeria has deisclosed that it has in its warehouses substandard tyres worth about N400m awaiting destruction The Director-General, SON, Mr. Osita Aboloma, who disclosed this in Abuja, added that the tyres were mopped up by the agency’s enforcement teams across the country over the last few months, adding that the tyres would […]
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The country lost at least N94 billion in four months as oil and gas companies flared a total of 87.03 billion standard cubic feet of natural gas in that period. The latest monthly report from the Nigerian National Petroleum Corporation showed that 22.60 billion scf of gas was flared in October; 21.50 billion scf in […]
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The Archbishop of Anglican Arch-Diocese of Enugu, Most Rev. Emmanuel Chukwuma, has called on the Presidency to restructure its cabinet and appoint professional to man the ministries. Chukwuma told the News Agency of Nigeria in Enugu on Tuesday that appointing the right professionals in the ministries would produce results. “How can you appoint a lawyer into the […]
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The Nigeria Central Bank in conjunction with Heritage Bank Plc approved a sum of N2 billion long-term facility under the Commercial Agriculture Credit Scheme (CACS) to Triton Aqua Africa Limited (TAAL). TAAL, known as Triton Farm, accessed the CACS through Heritage Bank, which is used to set up aquaculture businesses; nursery/hatchery for the production of fingerlings and […]
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The combined performance of all the privatised thermal power generating stations in the country was less than 30 per cent in the third quarter of 2016 despite being managed by private investors. Industry operators blamed the poor performance of the power generating stations on the recurrent vandalism of pipelines that supply gas to the facilities. […]
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The Nigeria foreign exchange reserves have risen further to $25.4 billion, according to the reports from the website of the Central Bank of Nigeria. In less than one week, the reserves rose by almost $300 million from $25.084bn recorded on December 16, 2016 to $25.361 on December 22, 2016, the CBN data showed This indicated that the […]
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