Plummeting Naira

At last, the Central Bank of Nigeria, CBN sells the naira at all time low of N366 per dollar, thus confirming periods of speculation on the lowering of the ailing Nigerian currency rate By Shedrack Ifurueze The positive closing of the Nigerian stock market on Tuesday, October 10, 2017, was short lived as the All Share Index, ASI depreciated by 0.71 percent to close at 32,115.84 from 33,875.26 on Monday, October 9, 2017 while market capitalization increased to 11.26 trillion from 11.18 trillion was like a mixed blessing. This is…

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Why Ali’s Wings Are Clipped?

By Stephen Ubanna More facts have emerged why Hameed Ali, a retired Colonel and Comptroller General, Nigeria Customs Service, NCS, could not appoint substantive Assistant and Deputy Comptroller Generals barely two years after assumption of office. This is because he is making the appointments without the approval of the Nigeria Customs Board and operating as a Sole Administrator as against the letter of his Presidential appointment. Going by the At establishing the Customs Board, it is the only Authority that has powers to approve such appointments and confirm it. Indeed,…

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Messi Qualifies Argentina For 2018 World Cup

Argentina have won their place in the Russia FIFA World Cup, but Chile, the South American champions are out. Messi. Brazil, first to qualify in the CONMOBEL group, handed out a humiliating 3-0 defeat to Chile, with second half goals by Paulinho and a brace by Gabriel Jesus, ending their hope of qualifying for Russia. They ended up sixth on the table, out of the play-off zone, which was snatched by Peru who played 1-1 against Colombia, another qualifier. For Argentina, Lionel Messi was the decisive factor in Quito, Ecuador.…

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‘Over N1.5 Billion Is Generated Daily In Computer Village’- Ojikutu

Over the years, there have been move by the Lagos State Government to relocate Computer Village in Ikeja, the capital of the state to Kantagowa and Amikanle, a suburb in the Oke-Odo Local Council development Area of the State, but on several occasion, the move has continually failed to manifest. Computer Village is undoubtedly the commercial and ICT hub of the country and West African states, which has over the years driven the wheel of ICT development in Nigeria. The activities in the market have made the country the preferred…

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Europe Palace Lounge Berths

Lagos State, known as the Centre of Excellence, is undoubtedly the business and commercial hub of the nation. Apart from it been a land of opportunities where everyone aspires to carves a niche in life, is also a home for entertainment. Every entertainment lovers sees the state as the home of fun fare, glitz, glamour and exposé of all kind. From the Island down to the Mainland, thousands of lounge and clubs floods the hooks and crannies of the state, in a bid to satisfy the entertainment urge of fun…

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Moses, Abdullahi Makes CAF XI

The Confederation of African Football has  named Super Eagles stars Victor Moses and Shehu Abdullahi  in its Russia 2018 World Cup qualifying  XI. Nigeria  defeated  Zambia 1-0  in Uyo on Saturday to qualify for  their sixth  World Cup, with Chelsea wing-back Moses and Cyprus-based defender  Abdullahi proving  themselves  in the encounter. This will be Moses’ third straight selection as he was also named in the team for last month’s double-header against African champions  Cameroon. Liverpool ace  Mohamed Salah, who scored late winner for Egypt to qualify for the World Cup…

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Arturo Vidal Quits National Team

Arturo Vidal says he is retiring from international football with his “soul crushed” after Chile failed to qualify for the 2018 World Cup finals. Vidal missed Chile’s final shot at qualification on Tuesday through suspension, the South American champions losing 3-0 to Brazil to miss out on the tournament in Russia next year on goal difference. Vidal, 30, announced his intention to step down from the national team on Twitter. “Thank you lads, for everything, for all these years together… for teaching me and for showing a country that with…

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Court Orders Permanent Forfeiture of Diezani Houses

The Federal High Court in Lagos on Wednesday ordered the permanent forfeiture of 56 houses linked to a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke. The houses, located in Lagos and Port Harcourt, were said to have been acquired by the ex-minister between 2011 and 2013 using front companies. The Economic and Financial Crimes Commission claimed that Diezani paid  $21,982,224 for the properties, adding that it believed that the funds were proceeds of crime. The anti-graft agency listed the properties to include 29 terraced houses comprising eight four-bedroomed penthouse apartments, six…

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