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    Business Naira Crashes To Another Record Low Of 520 Per Dollar

    Nigerian Naira on Monday continued to crash at the parallel market to N520 per United States dollar, even as the Central Bank of Nigerian, CBN fund commercial banks with additional forex to cater for school fees, medical and PTA/BTA fares. The currency depreciated sharply from N518 its opened...
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    Politics Faces At PDP Stakeholders' Meeting At Ekiti Governor's Lodge [PHOTOS]

    The embattled faction of Senator Ahmed Makarfi is meeting at the Ekiti lodge in Abuja due to a barricade mounted on the International conference centre by men of the Nigerian Police Force. See faces at the meeting:
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    Politics PDP Moves Stakeholders' Meeting To Ekiti Governor's Lodge

    The embattled faction of Senator Ahmed Makarfi has re-scheduled his meeting to Ekiti lodge due to a barricade mounted on the International conference centre, Abuja by men of the Nigerian Police Force. The spokesman for the Senator Ahmed Makarfi-led National Caretaker Committee of the party...
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    Politics Buhari's Absence: 11 Things Osinbajo Has Done In One Month

    It is 32 days today that Nigeria's President, Muhammadu Buhari left the country for a medical vacation in the United Kingdom. He was expected to resume February 6 from his vacation, but the President wrote to the National Assembly informing the parliament of his desire to extend his leave in...
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    Politics El-Rufai Confirms Presence Of Cabal In Buhari's Gov't

    Governor Nasir El-Rufai of Kaduna state has confirmed that there are power brokers otherwise known as Cabals in the administration of President Muhammadu Buhari. The governor while making clarification in Lagos over the weekend said he is not part of the Aso rock power brokers. Various media...
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    Business Nigeria's Power Output Climbs 4,000 MW – Fashola

    The Minister of Power, Works and Housing, Babatunde Fashola, has disclosed that power generation in Nigeria has stepped up to 4,000 megawatts in the last two weeks. Fashola made the disclosure on Saturday in Benin while inspecting ongoing work at the Aduwawa axis of the Benin-Lokoja highway...
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    Business Adam Nuru Becomes FCMB MD, Ladi Balogun Now Group CEO

    FCMB Group Plc has announced he re-organization of its leadership at the Group level, as well as its flagship company, First City Monumental Bank Limited (FCMB Limited). The group in a statement released and signed by the company's secretary, Mrs. Oluwafunmilayo Adedibu on Nigerian Stock...
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    World Donald Trump Is Radical, Obama Was Arrogant – Mugabe Floors US

    Zimbabwe's Robert Mugabe has come out openly on United States president, Donald Trump, describing his Mexico wall policy as "nasty". In excerpts of an interview to be broadcast to mark his 93rd birthday on Tuesday, Mugabe was largely unwilling to criticise Trump, though he did admit the US...
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    Business MTN, Glo, Others May Block Skype, Whatsapp Calls

    Feelers from telecommunications companies (telcos) indicate that they may have no choice than to ban the use of mobile applications that allow unlimited voice and video calls between their users to boost revenue. Major operators in the country’s $38bn telecoms market such as MTN, Globacom...
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    Politics PDP Chieftain Commits Suicide, Sets Himself Ablaze in Abuja Hotel

    A Chieftain of the opposition Peoples Democratic Party (PDP), Dr Isaac Ojukwu, has set himself ablaze in a rented hotel apartment in Nyanya area of Abuja. The incident which occurred early hours of Thursday, also saw the entire hotel burnt to ground level, even as the deceased was equally burnt...
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    Politics PDP Crisis: Makarfi, PDP Governors Meet To Tackle Sheriff

    Embattled National Caretaker Chairman of the Peoples Democratic Party (PDP), Sen. Ahmed Makarfi and governors of the party will meet today to decide on their next line of action following their defeat by Sen. Ali Modu Sheriff at the Court of Appeal. The meeting would also have in attendance...
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    Business CBN Releases Forex To Banks, Peg Naira Rate At 375 For School Fees, PTA

    The Central Bank of Nigeria has fund banks directly with additional foreign exchange as part of its efforts to alleviate the sufferings experienced by Nigerians, who source forex for school fees, medicals and personal traveling allowance (PTA), pegging at at 375 to a dollar. Acting Director...
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    Politics Panic As Osinbajo's Plane Hovers Over Akure Airspace, Unable To Land

    Acting President Prof Yemi Osinbajo SAN, planned visit to Akure, the Ondo state capital, may have been cancelled due to bad weather. According to DailyTrust Newspaper, the Acting President's aircraft, Friday, hovered for several minutes over the Akure airspace but could not land. After...
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    Politics Ben Bruce: My Heart Breaks That Buhari Budgeted Over N40m For Wild Animals

    The Senator representing Bayelsa east, Ben Bruce Murray has expressed dissatisfaction over the N40 million designated in the 2017 national budget for the feeding of wild animals in the presidential villa. The senator via his twitter handle last night said: "It breaks my heart that at a time...
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    Business FG Knives Out For Emefiele As Naira Dives Towards 600 To Dollar

    The federal government may soon use its sledge hammer on the Central bank of Nigeria governor, Mr. Godwin Emefiele as Naira dives towards 600 to the dollar at the parallel market. The National Economic Council (NEC) on Thursday expressed concern over the exchange rate and directed the Central...
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    Politics FG Appoints 6 Board Members For NSIA [See LIST]

    The National Economic Council (NEC) held Thursday in Abuja unanimously approved the nomination of six Nigerians for the Nigerian Sovereign Investment Authority. The body also approved the injection of a fresh $250 million capital into the Sovereign Wealth Fund. The meeting which lasted for four...
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    Business Naira: NEC Orders CBN To Quickly Review Exchange Rate

    The National Economic Council (NEC) on Thursday expressed concern over the exchange rate and directed the Central Bank of Nigeria (CBN) to quickly facilitate an urgent review of the current forex policy‎ in the country. The meeting which lasted for over five hours was presided over by Acting...
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    Politics How Diezani Lost 34 Billion Naira To FG

    A federal judge in Lagos yesterday ruled the sum of $153 million (N34 billion) linked to a former Petroleum Minister Mrs Diezani Allison-Madueke be forfeited to the Federal Government. Justice Muslim Sule Hassan of Federal High Court ruled in favour of the anti-graft agency, the EFCC, which...
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    Politics Nigerian Akinjide Ajisafe Delivers 'Get Well Soon' Card, Flower To Buhari in London [PHOTOS]

    A Nigerian man, Akinjide Ajisafe has delivered a flower and get well card for President Muhammadu Buhari at the Abuja house, London. The printed message in the card is Wishing you a speedy recovery and signed by him. In the card signed on February 13, Ajisafe said:“Dear President M Buhari...
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    Politics PDP Crisis: Appeal Court Decides Makarfi, Sheriff's Fate Today

    The Court of Appeal in Port Harcourt will today, decide the authentic national chairman of the Peoples Democratic Party, PDP. Senators Ahmed Makarfi and Ali Modu Sheriff have tested their legal muscles through various litigations in many courts in Lagos, Abuja and Port Harcourt. Today’s...
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