Metro

Tayo Olanipekun No fewer than 11 persons were reportedly killed in motor accidents on the Lekki-Epe Expressway in Lagos on Wednesday, sources have told National Wire. Mangled remains of two of the cars as well as an articulated vehicle involved in the accidents were still at the Frajend and Alahun ends of the highway where the accidents occurred when our …

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The Boards of Access Bank Plc (“Access Bank”) and Diamond Bank Plc (“Diamond Bank”) today announce that they have received “No Objection” from the Central Bank of Nigeria (“CBN”) regarding a potential merger between the two banks, which is expected to complete in the first half of 2019. Transaction completion is subject to Access Bank and Diamond Bank obtaining shareholder …

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In validation of their market leadership, expertise and the high standard of service quality to both local and international clients, Stanbic IBTC Stockbrokers Limited and Stanbic IBTC Capital Limited, members of Stanbic IBTC Holdings PLC, emerged the biggest winners at the recently held 2018 NSE CEO Awards, picking five out of ten award categories. Stanbic IBTC Stockbrokers Limited won two …

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Notwithstanding claims by President Muhammudu Buhari that the government has added 12 millions job in the economy, the National Bureau of Statistics on Wednesday finally released the Labour Statistics Report for the third quarter of this year with the unemployment rate rising from 18.8 per cent in the third quarter of last year to 23.1 per cent. The report which …

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  Dayo Emmanuel A repeat of pipeline inferno that claimed scores of lives in Abule Egba area of Lagos December 26 2006 was recorded this morning when suspected vandals destroyed a petroleum pipeline causing large inferno in same Abule Egba area. The fire that destroyed properties worth millions of Naira today according to eye witnesses started at about 3:30am. It …

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Dayo Emmanuel Former Chief of Defence Staff, Air Chief Marshall Alex Badeh has been assasinated. The news of his death came as a rude shock to Nigerians on Tuesday evening. Details of his death are still unknown but it was suspected to be an assasination. Advertisement A tweet from an Airforce officer, Air Commodore Ibikunle Daramola @KunleDaramola3 reads, “It is …

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The President of the Nigerian Bar Association (NBA), Mr. Paul Usoro (SAN) was on Tuesday finally arraigned before a Federal High Court in Lagos for allegedly laundering N1.4 billion. Usoro who was brought to court by the Economic and Financial Crimes Commission (EFCC), however pleaded not guilty to the ten count charge and was admitted to bail in the sum …

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Nigerians in the UK have emerged the highest senders of money to their home country with £3.27m being sent in 2017. According to a World Bank report, Nigeria was the top receiver of cash from the UK, followed by India, France and Pakistan, reports Daily Mail. This makes the UK the fourth largest source of remittances after the US, Saudi Arabia and the United …

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The Chief Operating Officer, Downstream, Nigerian National Petroleum Corporation (NNPC), Mr  Henry Ikem-Obih, has disclosed that  the Federal Government has paid the agreed N236 billion as first tranche of the outstanding subsidy claims to oil marketers Ikem-Obi, who disclosed this in an Interview with the News Agency of Nigeria (NAN) on Monday in Abuja, explained  that government, through the Central Bank, …

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In order to reduce the attendant financial burden that the congestion at the Apapa and Tin Can Island Ports has brought on importers, the Nigerian Ports Authority has announced the following measures which will take immediate effect: 1.With effect from today (Tuesday, December 18, 2018), there will be an increase in rent-free period for cargoes housed in the terminals from …

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