God Won’t Give Nigeria Another President Like Buhari – Wike Tells Umahi

God Won’t Give Nigeria Another President Like Buhari – Wike Tells Umahi

Rivers State Governor, Nyesom Wike, on Wednesday knocked his Ebonyi State counterpart, Dave Umahi, who said that God will give Nigeria a president “who has a good heart like President Muhammadu Buhari for the good of this country” in 2023. Umahi had made the statement on Monday while addressing State House correspondents after meeting with the President, Major General Muhammadu Buhari (retd.), at Aso Villa in Abuja. But speaking on Wednesday, Wike, in a veiled reference to Umahi, said that his colleague had lied, adding that the President himself knows that God…

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Why There’s Hike In Price Of Cooking Gas – NNPC

Why There’s Hike In Price Of Cooking Gas – NNPC

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, says the challenges in sourcing an adequate supply of cooking gas have led to the increase in prices of the commodity. Kyari disclosed this during a working visit to the headquarters of the Department of Petroleum Resources (DPR) in Abuja on Tuesday. “Today, this country is under-supplied with gas. I can tell you that we are having difficulty feeding our network across the country with gas, every day, it is a trouble to deliver gas. Once…

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Many Parts Of Whitemoney In Big Brother Naija 2021, Reality Show, ‘Shine ya eye’

Many Parts Of Whitemoney In Big Brother Naija 2021, Reality Show, ‘Shine ya eye’

The BBNaija housemate, Hazel Oyeze Onou popularly known as Whitemoney is a Lagos-based businessman and entrepreneur who came into the limelight after making an appearance in the popular reality TV show. Why Whitemoney told Queen he will not choose her as deputy if he wins HOH Big Brother Naija, BBNaija season 6 housemate, Whitemoney, has said he will not choose Queen as his deputy if he emerges head of the house. Whitemoney said this on Monday night while speaking with Queen and Liquorose. Queen had complained to Whitemoney about Pere…

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Treasury Bills Yield Jumps 11 Basis Points After CBN Auction

Treasury Bills Yield Jumps 11 Basis Points After CBN Auction

The average yield on Nigerian Treasury Bills expanded 11 basis points in the secondary market on Thursday to 4.8% after the Central Bank (CBN) conducted a primary market auction mid-week. Results of the auction show that the spot rates on 91-day and 181-day treasury bills settled at 2.5% and 3.4999%, according to the Central Bank data. In a twist of an event, the spot rate on 364- day bills which has been on the decline jumped to 7.2% from 6.8% as analysts predicted further slowdown could trigger asset switch into the equity…

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Stocks Tumble As Nigerian Bourse Sustains Selloffs For 3-Day

Stocks Tumble As Nigerian Bourse Sustains Selloffs For 3-Day

Stocks tumble again on Wednesday as Nigerian bourse sustains selloffs for the third trading session despite unimpressive yield in the fixed income market. There was strong profit-taking in Tier 1 banking stock, with both Zenith and GTCO recording price decline, a similar reflection of Tuesday trading outturn. Some analysts had told MarketForces Africa that a continuous slowdown in 364-day treasury bills could drive momentum in the equity space. Largely, the Nigerian Exchange has depicted a seesaw movement as local investors hold forte in the market. Like the previous trading session…

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States Sue Malami Over FG Failure To Share Stamp Duty Revenue

States Sue Malami Over FG Failure To Share Stamp Duty Revenue

Attorneys–general of the 36 states have sued Abubakar Malami, minister of justice and attorney-general of the federation (AGF) over alleged failure to remit funds generated from stamp duties into state coffers. The states are arguing that they are the sole authority to collect stamp duties and not the federal government. In the suit filed before the Supreme Court on August 24 and marked SC/CV/690/2021, the state attorneys are asking the court to determine whether or not “having regard to the mandatory provisions of Section 4(2) of the Stamp Duties Act…

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Solana Leads Altcoins Rally With Unmatched Price Jumps

Solana Leads Altcoins Rally With Unmatched Price Jumps

Solana leads the altcoins rally, up about 30% this week already as it extends its exceptional gains, according to market data, confirmed by analysts’ reviews after the digital asset outflank Dogecoin as the 7th largest by market capitalization. The digital asset is now priced at $173, which rivals Ethereum in terms of performance. Solana, after the massive uptrend recorded now among the top 10 cryptoassets by valuation in a new rally that pushes total market capitalization of cryptocurrencies above $2 trillion with Bitcoin maintaining dominance despite price corrections seen lately. “If…

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Robbers Stole Igboho’s Aides’ Case File – DSS Tells Court

Robbers Stole Igboho’s Aides’ Case File – DSS Tells Court

…aides sue DSS, seek N100m compensation   The Department of State Services (DSS), yesterday, told the Federal High Court, Abuja, that its case file was stolen by criminal elements, popularly known as “one chance’’. The DSS said the case file contained the fundamental rights enforcement suit filed by the 12 associates of Yoruba nation agitator, Sunday Adeyemo, also known as Sunday Igboho. When the matter was called yesterday, counsel to DSS, Mr. Idowu Awo, said the file, which contained the court processes served on the DSS by the aides, was…

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Rivers, Lagos Appeal Court Orders Parties To Maintain Status Quo Collection Of VAT

Rivers, Lagos Appeal Court Orders Parties To Maintain Status Quo Collection Of VAT

The Appeal Court sitting in Abuja has ordered all parties to maintain the status quo and refrain from taking action that would give effect to the judgment of a Federal High Court in Port Harcourt that allowed the Rivers State government to collect Value Added Tax (VAT), pending the hearing and determination of the instant suit. A three-man panel of the appellate court led by Justice Haruna Tsammani gave the order on Friday while ruling on an appeal filed by the Federal Internal Revenue Service (FIRS). The order of the…

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Renaissance Capital Holds Annual Pan-Africa Investor Conference

Renaissance Capital Holds Annual Pan-Africa Investor Conference

Experts converge as Renaissance Capital, a leading emerging and frontier markets investment bank, held its 12th Annual Pan-Africa Investor Conference on 7-10 September 2021. For the first time, the event included a specialist Nigeria Tech -Fintech Conference and covered every aspect of the fast-growing and high-opportunity sector – from digital payments and digital lenders to logistic companies to neo-banks and digital wealth management, with speakers representing incumbent companies as well as new burgeoning players. The conference brought together leading companies from across Nigeria, Kenya, Rwanda, and Uganda. The event saw…

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