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AMCON, Sterling Bank fingered in illegal land sale

The Asset Management Corporation of Nigeria (AMCON) and Sterling Bank have been accused of the illegal sale of portions of Victory Park Estate belonging to an indigenous real estate development company, Grant Properties Limited (GPL).

Delta economic think-tank empowers ‘agripreneurs’

The Delta Economic Summit Group (DESG) has empowered several agripreneurs at a seminar hosted by the Delta Small and Medium Development Agency (DEMSMA) during the Global Entrepreneurship Week.

Transition from firewood to gas to generate N10 billion revenue by 2019 – NLPGA

Over $10billion will be generated for the economy from the switch of 50 per cent kerosene and firewood users by 2019, according to the Nigerian Liquefied Petroleum Gas Association (NLPGA).

Bayelsa Assembly approves Governor Dickson’s N40 billion loan request

The Bayelsa House of Assembly on Thursday approved N40 billion loan for the state government to complete ongoing projects.

NSE market capitalisation increases by N72bn

Transactions on the Nigerian Stock Exchange (NSE) for the third consecutive day on Wednesday closed upbeat, as the market capitalisation rose by N72 billion on gains by major blue chips.

Court adjourns alleged $16.4m, N100.5m debt suit against Stella Oduah until November 8

A Federal High Court in Lagos on Thursday, adjourned until Nov. 8, hearing in a suit by Sterling Bank against a former Aviation Minister, Sen. Stella Oduah, over alleged indebtedness.

How Abba Moro, others shared N675m NIS recruitment money – witness

Two prosecution witnesses appeared before the Federal High Court in Abuja on Wednesday, narrating how the sum of N675,675,000 realised from 675,675 applicants who applied for job placement at Nigerian Immigration Service in 2014, was shared.

Central bank laments drop in financial inclusion growth

The Central Bank of Nigeria (CBN) has expressed worry about the drop in the country’s financial inclusion growth rate. It claimed that several bank accounts had become dormant owing to lack of disposable income.

NSE: Transactions resume on bearish trend, index down 0.90%

Activities resumed on the Nigerian Stock Exchange (NSE) on Monday on a negative trend, with the market indices dropping by 0.90 per cent as predicted by market watchers.

Court orders permanent forfeiture of N7.6bn linked to Diezani

A federal high court sitting in Lagos has ordered the permanent forfeiture of N7,646,700,000 said to have been illegally kept in Sterling Bank.

Stock market capitalisation rises by N130bn in positive trading

The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday improved by N130 billion following gains posted by some highly capitalised equities.

TSA: Fed govt withdraws suit against 7 banks, cites public interest

The Federal Government on Tuesday at the Federal High Court sitting in Lagos filed an application seeking to withdraw its suit against seven banks accused of violating the Treasury Single Account (TSA) policy.

NSE market capitalisation hits N13 trillion mark

The Nigerian Stock Exchange market capitalisation on Tuesday hit the N13tn mark, barely three weeks it crossed N12tn market, amid Nestle gain.

EFCC intensifies probe of suspect with 849 ATM cards

The Economic and Financial Crimes Commission (EFCC) has stepped up investigation to determine how a suspect, Yasir Salihu Abdullahi, came by a staggering 849 Automated Teller Machine cards of various Nigerian banks and the reason the cards were being shipped out of the country.

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No civilian killed in Boko Haram attack on WFP’s convoy – Nigerian Army

The Nigerian Army on Monday denied the killings of civilians in an attack coordinated by the Boko Haram insurgents against the World Food Programme (WFP’s) trucks on Saturday.

Suspected robbers abduct Ebonyi NLC chairman’s wife

Armed persons on Sunday attacked the residence of the chairman of the Nigeria Labour Congress, Ebonyi State chapter, Leonard Nkah.

Gabon arrests dozens after Danes are attacked

Police in Gabon arrested dozens of people Sunday over a knife attack that wounded two Danish nationals working for National Geographic, apparently in retribution for "US attacks against Muslims," officials said.

Luis Suarez, Paulinho move Barcelona 11 points clear of Real Madrid

Barcelona opened up an 11-point La Liga lead over Real Madrid ahead of next weekend's Clasico between the Spanish giants as Luis Suarez and Paulinho each scored twice in a 4-0 thrashing of Deportivo la Coruna on Sunday.

Nigerian annual inflation slows for tenth month, to 15.90% – NBS

Annual inflation in Nigeria slowed for the tenth month in a row in November, easing to 15.90 percent, the National Bureau of Statistics (NBS) said on Monday in a report.

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Facebook defends itself against social media critics

Facebook Inc on Friday struck back against scientific researchers and tech industry insiders who have criticized the world’s biggest social media network and its competitors for transforming how people behave and express emotion.

Federal govt to stop budget loans to defaulting states

The federal government yesterday said it would stop giving budget support loan to states that fail to comply with the conditions agreed under the fiscal responsibility plan.

Only 8 political parties to participate in Plateau local council polls – IPAC

The Inter-Party Advisory Council (IPAC) on Saturday said eight out of the 34 political parties existing in Plateau would feature candidates in the Feb. 17 local government elections in the state.

Police arrest driving instructor for raping, strangling corps member

A 29-year-old driving instructor, Festus Udo, has been arrested by police in Ogun for allegedly raping and strangling a female youth corps member.

Federal govt to issue bonds to finance projects

Ms. Patience Oniha, the Director-General, Debt Management Office (DMO), says the Federal Government is planning to issue N10.6 billion green bonds to finance renewable energy projects to protect the environment.