For about two hours Monday, President Muhammadu Buhari met with the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, Finance Minister Mrs. Kemi Adeosun and her Budget & National Planning counterpart, Senator Udoma Udo Udoma. Their discussion centered on the state of the economy, including the implementation of this year’s Appropriation Act and preparation for next year’s estimates, among others. …

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Nigerian court seized $21 million on Monday from bank accounts linked to a former oil minister accused of corruption as investigators continue to claw back her fortune. Federal high court judge Abdulazeez Anka ordered the immediate forfeiture of 7.6 billion naira ($21 million, 17.9 million euros) allegedly held in local bank accounts by Diezani Alison-Madueke, who was once one of …

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Marriage prevents death from heart disease, new research reveals. They claim that married people are 14 per cent more likely to survive a heart attack than those who are single, a study found. This is thought to be due to spouses nagging each other to live a healthy lifestyle, the research adds. Husbands and wives can also be relied upon to …

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The National Bureau of Statistics on Monday released the Consumer Price Index which measures inflation, with the index dropping marginally from 16.1 per cent in June to 16.05 per cent in the month of July. The bureau in the report said this is the sixth consecutive time that the index would be dropping since January this year. It reads in …

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Uche Ogbodo is an actress who knows her onions. She has featured in many blockbuster movies. However, as good as she is as a role interpreter, her relationship story seems not palatable. In this interview, the beautiful thespian opens up on her love life, gender equality, new movie and so much more. Enjoy it.  What have you been working on …

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Data released by the National Bureau of Statistics (NBS) show that consumer price index (CPI), which mesasures rate of inflation, dropped for the sixth consecutive month — although by a smaller margin. According to the NBS, inflation rate dropped to 16.05% from 16.1% in June, but food index soared to 20.28 percent. “The consumer price index (CPI) which measures inflation …

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PricewaterhouseCoopers, one of the big four consulting firms in the world, says a devaluation of the Nigerian naira will be a key risk to the sustainability of the country’s foreign debt. In its recent report, “Nigeria’s refinancing plan: Impact on debt sustainability is likely to be modest”, PwC said the new refinancing plan by the federal executive council is expected …

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Securities and Exchange Commission (SEC), the country’s apex capital market regulator, has launched a major amendment to Nigeria’s Code of Corporate Governance for public companies. The code will empower the Commission to sanction companies that fail to comply with its directives. The new amendment is expected to remove the persuasive provision that entitles companies to be put on notice, so …

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The Nigerian National Petroleum Corporation on Sunday announced that about 98 per cent of all documents involved in the sale of crude oil were fake. It cautioned unsuspecting would-be crude oil buyers to be mindful of the activities of local and international fraudsters in the oil and gas sector. Proving insights into the modus operandi of the conmen, the NNPC’s …

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The management of Heritage Bank, on Sunday denied reports that it is under investigation by the Economic & Financial Crimes Commission (EFCC) over an alleged N13 billion fraud. The money according to media reports belonged to the Oyo State government. In a statement, the bank’s management stated “categorically and unequivocally that neither the Managing Director Mr. Ifie Sekibo nor any …

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