CBN injects $325.5m, 14m yuan into Forex market

The central bank of Nigeria has injected $325.5 million and 14 million yuan into the foreign exchange market in an effort to keep it stable and prevent shortages. CBN Director, Corporate Communications, Isaac Okoroafor said the dollar intervention was for agricultural machinery and industrial raw materials, while the yuan was for renminbi-denominated letters of credit. Mr. …

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Court orders interim forfeiture of Saraki’s property

A Federal High Court  in Lagos on Monday 21st of  October 2019 ordered the interim forfeiture of two mighty properties located at Ikoyi area of Lagos State belonging to the immediate past Senate President, Dr  Bukola Saraki to be forfeited to the Federal Government of Nigeria. The Ilorin Zonal Office of the Economic and Financial …

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President Buhari departs Abuja for Sochi to attend Russia-Africa Summit

President Muhammadu Buhari departs Abuja for Sochi to attend a 3-day Russia-Africa Summit, with focus on exploring and expanding opportunities in security, trade and investment, science and technology, and gas production. The summit, which will be attended by African Heads of State, will bring fresh perspectives on some global issues and challenges like nuclear technology, …

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Thai King strips royal concubine of her title

The official royal consort of Thailand’s King Maha Vajiralongkorn has been stripped of her title. The title, ranking and all medals have been removed from Sineenat Bilaskalayani for inappropriate behavior and a failure to be loyal to the monarch, according to the statement released Monday night in Bangkok. Sineenat, 34, was the first person to …

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IMF commends Beijing’s current fiscal policy

The International Monetary Fund has applauded China’s current fiscal policy, stating that China plays a central role in the process of global economic and financial integration. Director of IMF’s fiscal affairs department, Vitor Gaspar, lauded China’s fiscal policy, saying the country has set a good example for the world in making related policies, especially the …

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10,000 runners register for Lagos Women Run 2019 edition

The General Coordinator of the only women’s run in West Africa, the Lagos Women’s Run, Tayo Popoola, has stated that the 2019 event which is in its 4th edition will be bigger and better than previous editions. Popoola noted that the 2019 Lagos Women Run will come with a number of world class innovations after …

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Tiger Woods declares himself fit again after knee surgery

Tiger Woods has declared himself “right on schedule” after recent knee surgery as he prepares to return to competition at this week’s Zozo Championship following two months on the sidelines. Speaking at his first press conference since an arthroscopic procedure on his left knee on Aug. 21, Woods left no doubt that he would be …

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Putin steps up Russia’s push for influence in Africa

President Vladimir Putin stepped up Russia’s push for influence in Africa days before he hosts a summit with African leaders, saying on Monday that Moscow can offer help without political conditions unlike what he cast as the exploitative West. The Kremlin has said it expects 47 African leaders to converge on the Black Sea city …

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Sports Minister inaugurates committee to review 2019 Doha Championship failure

The Minister of Youth and Sports Development, Sunday Dare in keeping with his promise to establish the cause of Nigeria’s failure at the Doha championships will today inaugurate a committee to review the participation of the Athletics Federation of Nigeria. He says this is part of measures to forestall a re-occurrence of the challenges that …

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UPDATE: Court adjourns trial of Omoyele Sowore until the 6th, 7th of November

The Federal High court in Abuja has adjourned the trial of Convener of RevolutionNow protests, Omoyele Sowore, until the sixth and seventh of November. Mr Sowore was in court earlier today to seek variation of his bail conditions given previously. His bail was fixed at one hundred million naira with two sureties in like sum, …

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Chief Judge of Kogi swears in Edward Onoja as Kogi Deputy Governor

Chief Edward Onoja has been was on Monday sworn-in as the Deputy Governor of Kogi State. He was earlier screened by members of state assembly, at the assembly complex in Lokoja. The swearing-in was performed on him by the Chief Judge (CJ) of Kogi State, Justice Nasir Ajanah. The state assembly, last Friday, impeached Elder …

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FG moves to clampdown on perpetrators of fake news, hate speeches

The Federal Government has said it remains committed to its campaign against fake news and hate speech in public spaces. Information Minister , Lai Mohammed, said this at a meeting with online publishers in Lagos. Also speaking at TVC News flagship programme, #TVCThisMorning with host Yori Folarin on Monday, the Minister stated that; “When it …

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Just in : Court hears Sowore’s application seeking variation in bail conditions

Just in : The hearing in a motion filed by the convener of the #Revolutionnow protests Omoyele Sowore seeking a variation in his bail conditions have commenced. Justice Ijeoam Ojukwu had granted bail to Sowore to the tune of 100 million naira and two sureties in like sum and other conditions which includes that he …

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Chile protests: Five dead after looters torch garment factory

Five people have died after a garment factory was set ablaze by looters near Chile’s capital Santiago amid a wave of violent protests. The military and police used tear gas and water cannon against protesters and a curfew was imposed in major cities. A state of emergency already in place in Santiago is to be …

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2019 Canada polls: Analysts say election will be a tight race

Canadians will be going to the polls today to elect a new Prime minister. The top contenders, incumbent Prime minister, Justin Trudeau of the Liberal party will go neck and neck with Conservative party leader Andrew Scheer in what many polls say is a close race. Canada’s election takes place in 338 seats across the …

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Russia-Africa Summit: President Buhari to depart Nigeria for Sochi today

President Muhammadu Buhari will leave the country today to attend a three-day Russia-Africa Summit in Sochi which will take place from October 23rd to the 25th. The summit, which will be attended by African Heads of State will focus on exploring and expanding opportunities in security, trade and investment, science and technology, and gas production. …

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