Friday Ekeoba

Man who finds wife on bed with boss risks 15-year jail

A florist using the “Find My iPhone” app to track down a lost gadget stumbled into his naked wife in bed with her boss and the husband is facing up to 15 years in prison for stalking. “I feel like it’s unjust what they’re doing to me,” Sean Donis, 37, lamented as he broke down in tears,The Post has reported, …

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Guinness Nigeria Proposed 64 Kobo Dividend, Ahead of Right Issue Result

Guinness Nigerian Plc has proposed a dividend of 64 kobo for the financial year ended June 30, 2017. The corporate action was up by 28.00 percent which is above 50 kobo that was declared same period in 2016. The audited result is coming few days after the company ended its right issue, which the outcome is still been awaited by …

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Unilever Nigeria Sustaining Investors’ Confidence Through Right Issue

Since the last market meltdown in 2008, quoted companies had been reluctant to approach the capital market for funds that can aid their business growth, due to apathy on the part of shareholders that were affected negatively during and after the last global financial crisis. For Unilever Nigeria Plc, the ongoing N58 billion right issue have started to rekindle investors’ …

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FG launches one-stop-shop in more states to MSMEs growth

The federal government on Monday said it would launch one-stop shop programmes in seven states of the country to significantly boost Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria. It said the launch would facilitate smoother government regulation and interface between entrepreneurs and agencies of government such as the National Agency for Food and Drug Administration and Control (NAFDAC), …

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FG revokes Lagos trade fair complex concession

The National Council on Privatization, which is chaired by Vice President Yemi Osinbajo, has approved the immediate revocation of the concession of the Lagos International Trade Fair Complex. The trade fair complex was in 2008 given to Aulic Nigeria Limited as a concession, a move that had come under severe criticism by several trade groups. The NCP also approved the …

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DMO sets borrowing limit for FG at $22 billion

The Federal Government can borrow up to but not more than $22bn in the 2017 fiscal year, the Debt Management Office has said. The DMO, in its ‘Determination of Borrowing Limit for 2017’ report, stated that the Federal Government could borrow up to 5.89 per cent of the country’s Gross Domestic Product estimated at $374.95 billion. According to the DMO, …

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Patients Stranded as Doctors Ground FG Hospitals

Many Nigerians who reported sick at federal government-owned medical facilities nationwide yesterday were stunned to find out that doctors had embarked on an indefinite strike, leaving them stranded and at the mercy of private hospitals. Their woes were compounded by their inability to access funds to look elsewhere for medical care as banks were closed as a result of the …

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Nigeria Out From Recession

The nation’s economy is out of its first recession in 25 years as Gross Domestic Product has returned to positive growth. The National Bureau of Statistics on Tuesday said the GDP grew by 0.55 per cent (year-on-year) in real terms in the second quarter of 2017. The GDP shrank by 0.52 per cent (year-on-year) in real terms in the first …

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Former Governor Babangida Aliyu expresses hope that defectors from PDP, will soon retrace their steps and return to the fold

Olabode Adaramola The immeediate past  governor of Niger state, Dr. Muazu Babangida Aliyu has said  that members of the Peoples Democratic Party (PDP) who defected into  other political parties because of several reasons will soon return to the dormer ruling party. He said on Sunday at his Minna mansion where he played host to members of the Correspondent Chapel of …

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