Nigeria’s Finance Ministry clarifies suspension of YouWin programme

Nigeria’s Ministry of Finance has given reasons for the suspension of disbursement of cash under the YouWin 3 programme. The ministry in a statement issued on Friday in Abuja by its Director (Information), Salisu Na’Inna Dambatta pointed out irregularities observed in the selection process of beneficiaries as revealed by a whistleblower. It recalled that the […]

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South African banks suffer heavy losses after the sack of finance minister

The JSE’s banks had R86bn of their market capitalisation wiped out on Friday morning as the market reacted to President Jacob Zuma’s firing of Finance Minister Pravin Gordhan and his deputy, Mcebisi Jonas. Worst hit was FirstRand, whose share price crashed 12% to R43.25 from Thursday’s close of R49.12, equating to a R33bn drop in […]

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It was massive crowd as Omatek Founder, Florence Seriki is buried in Lagos

The remains of the Founder and CEO of Omatek Computers, Mrs. Florence Seriki, was finally laid to rest yesterday in Lagos, shortly after a funeral mass in her honour at the Catholic Holy Cross Cathedral Church, Lagos. She passed on March 3, 2017 at the Lagos University Teaching Hospital (LUTH), after battling with pancreas cancer. […]

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Nigerian Petrol tanker drivers to begin nationwide strike on Monday

The Petroleum Tankers Drivers (PTD) arm of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) says it will commence a nationwide strike on Monday. NUPENG’s President, Mr Igwe Achese, announced this in a signed communique on Friday in Lagos, at the end of its Central Working Committee (CWC) meeting held at the union’s […]

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Kenyan Millionaire, Javan Bidogo weds two friends same weekend (Photos)

A Kenyan millionaire, Javan Bidogo, got married in a lavish wedding to two friends on the same weekend. He wedded the first, Elvas Kulengwa, on Saturday the 25th of March, and the second, Asha Juma on the 26th of March. Both at different expensive locations and the event was strictly by invitation. See more photos […]

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Check out the house Alaafin of Oyo’s most junior wife built for her mum (Photos)

Olori Ola Adeyemi, most junior wife of the Alaafin of Oyo, Oba Lamidi Adeyemi just built a house for her mom. She shared the photos on her Instagram page with the caption: “Mummy….. I have always promise to make you happy no matter what… U built a life for me and I build a house for you […]

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CIBN hosts World Conference of Banking Institutes (Ads Photos)

The Chartered Institute of Bankers of Nigeria (CIBN) is set to host all Banking Institutes, including over 1000 banking and finance professionals in the world at the 22nd edition of the World Conference of Banking Institutes (#WCBI_2017) which holds in Lagos from April 24-28, 2017 at Eko Hotels & Suites, Victoria Island, Lagos State, Nigeria […]

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Nigeria’s angry children of suicide, By Reuben Abati

I once wrote about Nigeria’s “children of anger”, but the country seems to have progressed from anger to clinical depression, resulting in a rise not merely in social aggressiveness, but a determination by certain individuals to escape from it all. The percentage of Nigerians seeking escape through suicide nonetheless remains small relative to the size […]

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Nigeria’s EFCC arraigns Directors, Oil company over N735m subsidy scam

Nigeria’s Economic and Financial Crimes Commission (EFCC) on Thursday arraigned the duo of Adegbite Adetoye and Ponnle Abiodun along with Origin Oil and Gas Limited before Justice Silvanus Orji of the FCT High Court Apo, Abuja on an 11-count charge of fraud and abuse of Petroleum Support Fund to the tune of N735 million. The […]

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There are 15 million Nigerians in various parts of the world, says Dabiri-Erewa

Senior Special Assistant to the President on Foreign Affairs and The Diaspora, Mrs Abike Dabiri-Erewa, on Thursday announced that there were currently about 15 million Nigerians in various parts of the world. Dabiri-Erewa made the announcement at the Island Club, Lagos, in a lecture entitled: ‘Nigerians in The Diaspora: Strengths and Challenges in Pursuit of […]

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Abuja Airport runway repairs now 57.5 percent completed —Minister

The reconstruction of the runway of the Nnamdi Azikiwe International Airport, Abuja, has reached 57.5% completion, mid-way into the six weeks earmarked for the project, the Minister of State for Aviation, Senator Hadi Sirika, disclosed in Abuja on Thursday. “Work is going on smoothly as you can see. We have taken you round and everything […]

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DSS reportedly arrests owner of Capital Oil, Ifeanyi Ubah

Ifeanyi Ubah, the owner of Capital Oil, has been arrested and detained by Nigeria’s Department of State Services (DSS) according to Daily Post. The main reason is not yet known. But the businessman had been previously implicated in a fraud saga with the Nigerian National Petroleum Corporation, NNPC. He was accused of embezzling funds from […]

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PSquare Reportedly Acquires Expensive Private Jet (Photos)

Nigeria’s famous music duo, Peter and Paul Okoye of P-Square may have successfully acquired a private jet. According to reports revealed to Sources, the singing duo released out several millions of dollars to pick this private airbus from an undisclosed Arabian. Peter Okoye first dropped hint of their latest acquisition on twitter when he wrote […]

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Professor Sagay dares Nigerian Senate, vows not to obey its summons

The Chairman of the Presidential Advisory Committee Against Corruption, Professor Itse Sagay, has declared that the Senate has neither the power nor authority to summon him to appear before it. Professor Sagay said emphatically that he cannot be intimidated by the lawmakers. He therefore asked them to get legal advisers to check sections 88 and […]

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Suspects who buried Jumia deliveryman in septic tank exposed by whistleblowers

Saturday, March 25 turned out to be a gloomy day for the family of a courier service personnel for popular e-commerce platform, Jumia. The middle-aged delivery agent had gone to deliver products to customers living at No. 4, Adaede Street, off Ada George Road, by Location junction, Port Harcourt before he went missing. On the […]

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Know why Brides stand to the left of their Grooms at weddings

Question for all the men out there: Don’t you just hate it when you’ve kidnapped a woman to be your bride, and her family comes charging out the portcullis after you with their swords and lances waving? Isn’t that just the worst? “Marriage by capture,” as the practice is known historically, is no easy feat. (It’s also […]

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