2017 Budget Threatened As Oil Prices Break Below $50

Nigeria’s 2017 budget may be further threatened as oil prices break below the $50 mark on Wednesday, as US producers increase production, and drive oversupply. Oil prices slipped on Wednesday to their lowest since late November, when the Organisation of Petroleum Exporting Countries (OPEC) agreed to the Algiers Accord. Reuters …

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Senate Demands Resignation Of Customs Boss, Hameed Ali

The Nigerian Senate has called for the resignation of the Comptroller General of the Nigeria Customs Service, Colonel Hameed Ali (rtd). The Senate is also asking the Customs CG to cancel the retrospective policy on duties for vehicles. The senators said on Wednesday that Ali was not fit to hold …

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Naira Gains Against Dollar Again

The continuous Central Bank of Nigeria’s (CBN) intervention in foreign exchange (forex), has caused the Naira to hit the dollar again on Wednesday.’ The currency traded N400 to a dollar at the black market on Wednesday in Abuja. The News Agency of Nigeria (NAN) reports that the Naira has also …

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Andrew Yakubu Gets N300m Bail

The Federal High Court, Abuja, on Tuesday admitted Andrew Yakubu, former Group Managing Director, Nigeria National Petroleum Corporation (NNPC), to N300 million bail with two sureties. Yakubu was arraigned by the Economic and Financial Crimes Commission (EFCC) on six counts bordering on non-disclosure of assets and fraud, charges to which …

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US Bans Laptops, Tablets On Flights From 8 Countries

The United States warned Tuesday that extremists plan to target planes with bombs hidden in electronic devices, and banned carrying them on flights from 10 airports in Turkey, the Middle East and North Africa. Senior US officials told reporters that nine airlines from eight countries had been given 96 hours, …

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Stephanie Otobo Charged With Blackmail

Stephanie Otobo, the 23 year-old lady who claimed that Apostle Johnson Suleman had a romantic affair with her, was docked on Monday in Lagos. She was docked at a Tinubu Chief Magistrates’ Court, and accused of conspiracy, blackmail, threat to life and an intent to steal. She was charged along …

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First Daughter Ivanka Trump Gets West Wing Office

Cementing her role as a powerful White House influence, Ivanka Trump is working out of a West Wing office and will get access to classified information, though she is not technically serving as a government employee, according to an attorney for the first daughter. Since President Donald Trump took office, …

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