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FG spent $15bn on debt servicing in five years — CBN report

  The Federal Government has spent a total of $15.55bn on debt servicing between 2019 and 2024, according to the latest data from the Central Bank of Nigeria. In 2019, Nigeria paid $588.33m in debt service between January and May, ...

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Stanbic IBTC Insurance launches education endowment plan

  Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has launched its Education Endowment Plan, which empowers parents and guardians to secure the academic future of their children or wards. At the launch of the plan in Lagos recently, ...

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Air Force school students punish junior colleague to d3ath

  A 15-year old student of Airforce Comprehensive School, Kaduna who is identified as Blaise Felix Aliyu was allegedly murdered by two Senior Secondary (SS3) students of the school in the dormitory within the Airforce Base in Mando, Kaduna. Late Felix, an orphan ...

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Tinubu calls for punishment of civil servants receiving salaries abroad

  President Bola Tinubu has sanctioned severe penalties for civil servants who relocate abroad while continuing to draw salaries, as well as those complicit in facilitating such fraudulent activities. Tinubu, while addressing participants at the grand finale of the 2024 Civil Service ...

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IOCs frustrating rollout of petrol – Dangote Refinery

  Dangote Group has accused International Oil Companies (IOCs) operating in the country of deliberately sabotaging Dangote Refinery’s plan to roll out petrol into the market According to the company, the IOCs are doing this to ensure that the country remains dependent on petrol ...

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Ekiti student slits colleague’s throat during argument

A 300-level student of the Federal University, Oye Ekiti in Ekiti State, Rachael Olufogbe, has been arrested by the police following a physical assault on a fellow student on Saturday. It was gathered that the incident happened in a private hostel ...

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Armed robbers K!LL retired Military General in Abuja

  A retired army general, Brig Gen Harold Udokwere, has been murdered by armed robbers who attacked his residence in Abuja. The incident occurred at No 1, Sanga Street, Sunshine Homes, Lokogoma, around 3:00 a.m. on June 22, 2024. The ...

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Apapa Faction set to accept Abure as LP chairman, to fight Peter Obi

Apparently weary of the leadership struggle between the Julius Abure-led Labour Party (LP) and his camp, the Deputy National Chairman, South, of the LP, Lamidi Apapa has collapsed his faction and accepted Abure as the national chairman of the party ...

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Pastor Chris Oyakhilome vows to build a BIGGER and BETTER church

Pastor Chris Oyakhilome, founder of Christ Embassy, has spoken out about the fire incident at the church’s headquarters, seeing it as an opportunity for growth and expansion During a live Sunday service, he stated that the fire was not an ...

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Atiku visits Buhari in Daura

  The presidential candidate of the Peoples Democratic Party (PDP) in the 2023 election Atiku Abubakar on Saturday visited immediate past President Muhammadu Buhari at his residence in Daura, Katsina State. Atiku who was accompanied by the immediate past Governor of Sokoto State ...

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Naval Officers ‘K!ll’ Police Inspector in Lagos

  A police inspector has been tragically killed during a confrontation with suspected naval officers in the Okokomaiko area of Ojo Local Government, Lagos State. The incident occurred on Saturday afternoon while the inspector and four colleagues were conducting a routine patrol along ...

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Police won’t evict deposed Emir, CP replies Kano gov

  The Kano State Police Commissioner, AIG Usaini Gumel, has given reasons why the police ignored Governor Abba Yusuf’s directive on the eviction of the deposed Emir of Kano, Aminu Ado Bayero. Recall that Yusuf had on Thursday night, through ...

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Trump Promises US Green Card For Foreign Graduates

  Donald Trump has said he will grant green cards to foreign graduates from US colleges, in an apparent softening of his typically hard-line view on immigration, a key election issue The Republican candidate made the remarks in a podcast, ...

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Kenyans protest new tax proposals

  Kenyans are protesting new tax proposals Thousands of them, mostly young people demonstrated in Kenya’s capital and across the country against the proposals by the administration of President William Ruto in its annual budget legislation. The protests brought Nairobi’s central business district to ...

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Japa: Two-thirds Nigerian professionals willing to work abroad, says report

  Nearly two-thirds of Nigerian professionals and three-quarters of Ghanaian professionals are willing to work abroad, a new report by Boston Consulting Group and The Network has shown. The report, Decoding Global Talent 2024, surveyed over 150,000 workers in 188 ...

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Coronation Merchant Bank grows gross earnings by 62% to N61bn

  Coronation Merchant Bank grew its gross earnings by 62 per cent to N61.6bn for the year ending December 31, 2023. In a statement issued after its Annual General Meeting held in Lagos on Thursday, the lender said the surge ...

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Fidelity Bank commences N127bn capital raise

  Fidelity Bank Plc opened its N127.10bn rights issue and public offer on Thursday, becoming the first bank to go public following the recapitalisation directive of the Central Bank of Nigeria issued in March. Fidelity Bank on Thursday commenced its ...

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Police arrest two for stealing car during Juma’at prayer

  The Niger State Police Command has arrested two suspects for alleged conspiracy and theft of a vehicle in Minna, the state capital They were reportedly nabbed in the process of selling the vehicle for N6.5 million in Minna. The ...

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EFCC arraigns civil servant for tearing investigative documents

  The Gombe Zonal Directorate of the Economic and Financial Crimes Commission , EFCC, on June 11, 2024 arraigned one Usman Mallam for allegedly tearing EFCC’s official Investigation Activities’ letters and obstructing The Commission’s investigation before Justice TG Ringim of the Federal ...

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NNPC, TotalEnergies invest $550m to unlock Nigeria’s gas potential

Representatives of the NNPC and TotalEnergies JV signing the investment deal to boost Nigeria’s gas production. In a significant move to enhance Nigeria’s oil and gas production, the NNPC-TotalEnergies JV has announced a $550 million final investment decision for the ...

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BUA Foods, ASR Africa donate N10m, foodstuffs to widows

Abdul Samad Rabiu Initiative for Africa in collaboration with BUA Foods has donated foodstuffs and N10m as a grant to widows in Lagos to mark the 2024 International Widows’ Day. The N10m grant and products were distributed at the International ...

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After Sallah, tomatoes, pepper prices remain high as North groans

Prices of tomatoes and pepper in the North have continued to soar despite the items being in their season. The development has reached an alarming level such that residents say their prices have stripped them to bare bones. Most of ...

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Harmony Gardens MD, Saheed Mosadoluwa Tackles Nigeria’s Housing Deficit As BHDSummit2024 Holds in July

Come July 2nd 2024, Harmony Gardens and Estate Development Ltd, under the leadership of Hon. Dr Saheed Mosadoluwa better known as Mr Ibile will be hosting Bridging Housing Deficit Summit 2024 “BHDSummit2024”, coinciding with the grand launch of Lekki Aviation ...

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102-year-old Holocaust survivor is Vogue Germany’s cover star

  A 102-year-old Holocaust survivor whose family was murdered at Auschwitz is the cover star for the July/August edition of Vogue Germany. Margot Friedländer, née Bendheim, was born in Berlin in 1921. According to a brief bio on the website of Berlin’s Jewish ...

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Cooking gas price rises by 70.12%

  The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking gas rose by 70.12 per cent, Year-on-Year, YoY to N7,418.45 in May 2024 from N4,360.69 in May 2023. The National Bureau of ...

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