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Reactions trail CBN’s MPR hike to 15.5%
Economic experts are no longer at ease with the aggressive use of interest rate hikes by the Central Bank of Nigeria (CBN) to cushion the effect of inflation on the masses. Already, inflation has gone mad, hitting a 17-year high at 20.52 per cent in August, throttling the exchange rate to N720/$1 at the parallel market, heightening food shortage, and…
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Osun guber poll: Tribunal adjourns hearing to October 4
By Deborah Oladejo, Osogbo Osun State Election Petition Tribunal has adjourned its sitting to Tuesday, October 4 for the proper commencement of pre-hearing proceedings. The adjournment followed the tribunal’s decision to give the Independent National Electoral Commission (INEC), Peoples Democratic Party (PDP), and the Governor-elect, Sen. Ademola Adeleke seven days to respond to the pre-hearing form they obtained during the day’s…
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Dangote Sugar commits billions to CSR schemes in Adamawa, Nasarawa
The Dangote Sugar Refinery Plc (DSR) has scaled up its social intervention programmes around host communities in Adamawa and Nasarawa States where its Backward Integration projects are located. The Group is investing hugely in raw sugar production as part of the Federal Government Sugar Master Plan. This is coming on the back of $500million that has so far been injected…
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Heritage Bank appoints acting MD, executive directors
Heritage Bank Plc has announced the appointment of Akinola George-Taylor as its acting Managing Director. Following the receipt of the approval of the Board of Directors of the financial institution and the Central Bank of Nigeria, the Bank is poised for its next phase of transformation. The new Ag. Managing Director will be overseeing all Heritage’s banking operations across Nigeria.…
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INEC detects several invalid registrations during clean-up of voters’ register-Okoye
Independent National Electoral Commission (INEC) said several invalid registrations have been detected during the ongoing clean-up of the register from the recently-concluded voter registration exercise. The continuous voter registration exercise (CVR) ended on July 31, after 13 months. In a statement on Monday, Festus Okoye, INEC’s commissioner for information and voter education, said the commission would provide the public with…
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Military equipment, large amounts in different currencies found in Mamu’s house, office-DSS
The Department of State Services (DSS) says military equipment and large amounts of money in various currencies have been discovered in the home of Tukur Mamu Mamu was arrested on Wednesday that Mamu when he arrived the Kano international airport. He had earlier been arrested in Egypt on the request of the Federal Government, while on his way to Saudi…
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BREAKING: UBA reports N85.75bn PBT in H1 2022, proposes N0.20 interim dividend
United Bank for Africa Plc (UBA) on Thursday announced N85.75billion profit before tax in its audited half year (H1) ended June 30, 2022, an increase of 13 per cent from N76.19billion reported in the corresponding period last year. The pan-African bank on the Nigerian Exchange Limited (NGX) declared 16 per cent increase in profit to N70.33billion in H1 2022 from…
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Sensi Solsuema Osaro remains Rivers SDP chairman
Gubernatorial candidate of the Social Democratic Party (SDP) in Rivers State, Senator Magnus Ngei Abe has called on all members of the party to come together as one indivisible family to ensure victory in the forthcoming 2023 general elections. He also advised members against needless bickering over party positions that could lead to unnecessary friction and acrimony. Abe, in a…
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Osun airport: Pay us owed N570.2m or face us in court, contractor tells state govt
Contractors handling the Moshood Abiola International Airport, Osogbo, JM & AS Limited, have threatened to sue the Osun State government if they are not paid the N570.2 million being owed them. They stated this in a letter written to Governor Gboyega Oyetola by their counsel Mr J. J. Usman (SAN). The contractors wrote the state government after the airport project…
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We’ll resist any attempt to undermine development of football in Nigeria – Buhari
President Muhammadu Buhari Tuesday in Abuja declared that football remains the number one sport in Nigeria and a national asset, therefore his administration will resist any attempt to undermine its development.The President made the pledge while receiving the 10-year Football Development Masterplan submitted by the Minister of Youth and Sports Development, Chief Sunday Dare.Describing football as ”our passion and a…
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