Contentious Loan

By Oji Odu The decision by Federal Government to provide N39 billion loan to power Distribution Companies (DISCOs) to provide meters for their customers has continued to generate angry reactions. Last Friday, two major electricity unions in Nigeria’s power sector expressed their opposition to the decision besides that of the proposed increment in minimum wage in selected government agencies. The National Union of Electricity Employees (NUEE) and the Senior Staff Association of Electricity and Allied Companies (SSAEAC), disclosed this at an event organised by the Abuja Electricity Distribution Company (AEDC)for…

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Customs: Season of Seizures

Importers with their Clearing agents with their Customs Collaborators at the ports and the land border areas suffer in their business  as Customs personnel at Federal Operations ,Zone A, Ikeja, continue to frustrate their illegal activities By Stephen Ubanna Mohammed Garba, Comptroller, Federal Operations Unit, FOU, Zone A, appears to have entered into the bad book of importers with their clearing agents and   officers at the ports and the land border areas in the south west geo-political region.  This is because of his continuous exposition of the rot and gross…

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NSE: Redeeming The Market

The recent decisions reached on resolving capital market challenges will go a long way in protecting and restoring confidence in the market By Shedrack Ifurueze The low patronage of the Nigerian stock market, the magazine’s investigation has been attributed to many reasons. Prominent among the factors is the ugly experience by many investors in the hands of fraudulent operators. Some investors, who invested most of their savings in the market in the past, lost their money to stockbrokers. These investors are scared to return to the market. In some cases,…

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Nwoye Changes the Anambra Narrative

By Chidiebere Onyemaizu     Tony Nwoye has altered permutations for the November 18, 2017 Anambra gubernatorial election. The implication of his emergence as the gubernatorial candidate of the All Progressives Congress, APC is that he will compete for Anambra North senatorial zone’s votes with the incumbent, Willie Obiano. Like Nwoye, Obiano hails from the zone. And if the People’s Democratic Party, PDP, eventually picks its candidate from the zone, the Anambra election would have become an all-North affair. Former Secretary to Anambra state government under former governor Peter Obi,…

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The “August Event” Remembers Moses Majekodunmi

Dr. Jide Idris and Dr.Damola Dada

The Moses Adekoyejo Majekodunmi Foundation, in collaboration with St. Nicholas Hospital on Thursday August 22nd 2017, celebrated the 5th memorial in honour of her Founder Chief Moses Adekoyejo Majekodunmi, through the August event in a lecture series Health; A National Challenge; Restructuring and Driving Sustainable Growth, held at the Agip Recital Hall, Muson Centre Onikan, Lagos. Following, some faces at the event by Uche Nwosisi.

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Hate Speech and the politics of quit notice

Quick notice has become a current political buzzwords, usually preceded by hate speech, but will Nigeria survive the current impasse? By Uche Mbah Baring last minute hitches resulting from public outcry and possibly international frowns, the Nigerian government is poised to join the league of countries intolerant to criticisms and freedom of expression if they finally ratifies the proposed legislation to criminalize criticism in the name of hate speech. “Hate speech” took center stage in Nigerian lexicon in the after mat of the Biafran agitation, spearheaded by Nnamdi Kanu and…

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Apapa: Iheanacho Calls FG To Action

By Bayo Bernard On the heels of recent intervention by Dagote Group on roads leading to Nigeria’s major seaports in Lagos former Minister of Internal Affairs, Capt. Emmanuel Iheanacho has appealed to the federal government to make huge investments in intermodal transport system as a way of solving the perennial traffic gridlock experienced by Nigerians plying businesses around and inside the Lagos ports area, due to infrastructure deficit and facility collapse. The former governorship candidate in Imo state said the current administration must immediately empower a task force to address…

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Police Declare Senator Misau Wanted

The disagreement between the Chairman, Senate Committee on Navy, Senator Hamman Isah Misau, and the Police deepened yesterday, with the Police declaring him wanted for forgery. The Police had earlier declared the senator a deserter who absconded from duty on September 24, 2010 and asked the Senate Ethics and Privileges Committee to prevail on the senator to make himself available to face the Force disciplinary committee for acts of serious misconduct and unprofessional doings. Senator Misau had last Friday accused the Inspector-General of Police, Ibrahim Idris, to account for the…

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Mayweather Set For Permanent Retirement

Floyd Mayweather insisted he would head into a permanent retirement after sealing his place in boxing history with a 50th straight win against Conor McGregor on Saturday. The 40-year-old American boxer outclassed McGregor over 10 absorbing rounds at the T-Mobile Arena to defeat Irish mixed martial arts by technical knockout. The win sees Mayweather, who had come out of a two-year retirement to face McGregor, surpass heavyweight legend Rocky Marciano with a perfect record of 50-0. Afterward former welterweight king Mayweather insisted he would never be seen in a ring…

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Afrobasket 2017: D’Tigress Are Champions Of Africa

Nigeria’s D’Tigress on Sunday emerged the new champions of Africa, after they defeated Senegal 65-48 in the final of the 2017 Women’s Afrobasket championship in Bamako, to dethrone their West African rivals of the continental title. The match was a repeat of the 2005 final, when D’Tigress defeated the Lionesses 64-57 in Abuja for their second African title. The Nigerian girls had also defeated Senegal in their last Group B match 58-54 to emerge leaders and thus set up a potentially explosive final game against their opponents, who were gunning…

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Obasanjo Against Restructuring

Former President Olusegun Obasanjo has explained why he is opposed to those who are advocating for the restructuring of the country. Obasanjo, who stated this in an interview with Channels Television, said Nigerians should rather advocate for a better management of the country’s resources. According to him, instead of fighting for restructuring, people should be concerned about inclusiveness and the restructuring of their minds. He stated, “I have spoken to six different people who talk about restructuring and the six of them gave me different points of view. The other…

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Mbappe To Join PSG For $215 Million

Monaco’s teen sensation Kylian Mbappe is expected to complete a stunning move to Paris Saint-Germain when he flies into the French capital on Monday, according to widespread French media reports. Radio stations France Info and RMC revealed on Sunday that PSG had agreed to pay 180 million euros ($215 million) including bonuses for the 18-year-old French international striker. That would make him the second most expensive transfer in football history behind Neymar, who joined PSG from Barcelona for 222 million euros earlier this month. However, concerns over meeting UEFA’s Financial…

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CVFF: NIMASA Fails Ship Owners Again

By Bayo Bernard For a record time the Nigerian Maritime Administration and Safety Agency, NIMASA has dashed the hopes of ship owners and operators earnestly expecting the disbursement of Cabotage Vessel Finance Fund, CVFF.  The Fund set up to assist indigenous ship operators in the country has climbed to over $100 million in the last few years and currently warehoused with the Central Bank of Nigeria. In spite of the steady rise in the  multi-0million dollar funds, disclosure by the agency Director General, Dakuku Peterside that it cannot be assessed…

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