Heritage Bank has embarked on mass retrenchment of its workers with 400 staff sacked in December. Investigations on Monday indicated that more workers are pencilled for sack. The bank, in October 2014, acquired Enterprise Bank with about N56bn ($281m). According agency report, a top management source in the bank, who pleaded anonymity, said that the sack cut across the top, …

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The management of the Eko Electricity Distribution Company (EKEDC) on Monday apologised to its numerous consumers over the prolonged power outage currently being experienced. A statement by Mr Godwin Idemudia, General Manager, Corporate Communications of the company, said that the outage is due to a system collapse from the National Grid, affecting the entire country, as confirmed by the National …

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The Central Bank of Nigeria (CBN) will resume sales of dollar proceeds of international money transfer (IMT) to bureaux de change (BDCs) operators this week even as manufacturers kick against the move. Findings revealed that the CBN governor, Mr. Godwin Emefiele, disclosed this during a meeting with executives of the Association of Bureaux De Change Operators of Nigeria (ABCON). The …

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A professor and four other persons were killed today when a male suicide bomber detonated a bomb at the Senior Staff Quarters of the University of Maiduguri, (UNIMAID), Borno State, the News Agency of Nigeria has reported. The killed don was identified as Prof. Aliyu Usman Mani, the Director of Veterinary of the University, according to Alhaji Satomi Ahmed, the …

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Africa’s richest man and foremost entrepreneur, Aliko Dangote, is setting up a $100 million vehicle assembly plant in Lagos, to tap the opportunity provided by the scarcity of forex and help tackle employment crisis in the country. The plant will be churning out heavy duty trucks on which his conglomerate, the Dangote Group spends huge amount to import for distribution …

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Olabode Adaramola, Minna At least no fewer than nine bodies have been recovered from the weekend attack by Fulani herds’ men in Rafin Gona and BCC Gbagyi villages in Bosso local government of Niger state while about 6000 villagers have also been displaced in the wake of the communal crisis. The Council Chairman, Alhaji Isah Wakili stated this on Sunday while conducting national assembly members …

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John 4:16-18 GNB-“Go and call your husband,” Jesus told her, “and come back.” “I haven’t got a husband,” she answered. Jesus replied, “You are right when you say you haven’t got a husband. You have been married to five men, and the man you live with now is not really your husband. You have told me the truth.” Mistake #1: …

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Folake Sokoya Men of Rapid Response Squad (RRS) of the Lagos State Police Command, over the weekend, arrested one Segun Akuntola, who is alleged to be the kingpin of a syndicate that specializes in defrauding innocent citizens within the State. The suspect, popularly known as Okadigbo, was apprehended by the Decoy Team of the squad in his shrine at Ijora …

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Olabode Adaramola Former Military President, General Ibrahim Babangida has expressed concern over the current insecurity situation and economic sabotage in the country, saying that it should be a source of concern to all Nigerians. General Babangida in a statement in Minna to mark this year’s Armed Forces Remembrance week urged all political leaders, traditional leaders, elder statesmen and the general …

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