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President Muhammadu Buhari erupted on Tuesday, describing as “terrible” and “not good” allegations of corruption levelled against senior government officials “without evidence”, a move that may be interpreted as a way of trying to shield his allies from being investigated for corruption allegations. Mr. Buhari, who was elected promising to “kill corruption before it kills […]Read More

The Executive Committee of Nigeria Football Federation (NFF) on Tuesday clarified the situation with regards to the recommendation of its Technical and Development Committee that Frenchman Paul Le Guen be named the new Technical Adviser of the Super Eagles, saying all sub –committees in the Federation can only make recommendations to the Board. Chairman of […]

Former Vice President and Chief Launcher, Atiku Abubakar presenting a book on late Chief HID Awolowo in Ikenne, Ogun State on Wednesday, 18 November 2015. Former Vice President and chieftain of the All Progressives Congress, Atiku Abubakar has explained the purpose of his visit to the national secretariat of the APC on Monday. In a […]

Yemi Osinabjo and Dolapo The administration of President Muhammadu Buhari is going after members of the opposition Peoples Democratic Party, PDP,  because they were in power when corruption took place, Nigeria’s Vice President, Prof. Yemi Osinbajo, said on Monday, another accusation likely to anger an opposition party already fed up with incessant corruption allegations against […]

The Board of Directors of Guaranty Trust Bank Plc are to meet on Wednesday, July 27, 2016 to consider the Audited Financial Statement for the half year ended June 30, 2016 and also issues relating to interim dividend might be discussed. The Bank is to forward the Audited Accounts to CBN for approval before releasing […]

Nigerian stocks closed trading on a negative note as the all share index dropped -0.85%. Market capitalization at the close of trading was N9,784,379,301,061.36. Highlights of today’s trading session. NSE All Share Index was 28,488.56 down -0.85%. Market capitalization closed at N9.78 trillion compared to yesterday’s market capitalization of 9.86 trillion . Volume of shares traded was 242,000,510.00 units. […]Read More

In more bad news, the International Monetary Fund (IMF) has projected that Nigeria’s economy will contract by about 1.8% this year. It also added that the contraction may constraint the growth of the entire region. The Washington-based Institution cut its 2016 growth forecast for Nigeria from 2.3 percent projected in April, according to its World Economic Outlook […]Read More

Nigeria’s Parallel Market Exchange rate is a daily compilation of the price of the Naira against three major currencies in the black market. This tracker dates to the first day the Naira was floated. Data is collated from various parallel market dealers on the Mainland and Island of Lagos State. The price quoted daily represents […]

Bombed oil pipeline causing ‘massive spills’ Militants bombed a state-run oil pipeline in Warri on Monday causing massive spills, in the latest attack on the country’s oil infrastructure, said an industry official. “The pipeline is operated by the Pipelines and Products Marketing Company (PPMC) at Batan near Warri. It was blown up early yesterday (Monday),” […]Read More

The Sixth Circuit effectively negated a 1996 ruling it had made which gave substantial media access to criminal defendants’ mugshots taken during the booking process. But the decision was a tight one: 9-7. Free press advocates were not happy with the decision, but they expressed a hope that the Supreme Court would review the issues […]

In early April, the Treasury Department and IRS released new proposed regulations under Section 385 of the Internal Revenue Code. They have been called “sweeping” and “dramatic” by tax experts and partners at major firms across the board — terms not usually associated with IRS regs. And they come as a bit of a surprise, […]

By sending out a wall of sound through the oceans, Navy sonar can detect enemy ships hundreds of miles away, day or night, in weather fair or foul. But that blast of sound can be damaging to the ocean’s inhabitants, deafening whales and disturbing other marine mammals. Some marine mammals swim hundreds of miles to […]