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Waymo sets up subsidiary in Shanghai as Google plans China push

Alphabet’s self-driving unit Waymo has set up a subsidiary in Shanghai, according to a business registration filing, the latest sign that the U.S. internet giant is attempting to make new inroads into China.
Hajj Pilgrims

Hajj: 55,000 Nigerians among two million pilgrims at Arafat

Nigeria’s contingent of 55,000 pilgrims to this year’s Hajj have moved to Mount Arafat on Sunday midnight to begin the Hajj proper in the Holy Land.
cargo ship

Official: Nigeria controls 70 percent cargo traffic of West, Central Africa

The Chairman, Nigerian Ports Consultative Council (NPCC), Kunle Folarin, says Nigeria controls 70 per cent of cargo traffic of West and Central Africa.
(FILES) This file photo taken on February 9, 2017 shows Chinese 100 yuan notes in Beijing. The Chinese currency continued its sharp decline on July 20, 2018 despite US President Donald Trump's bid to rein in the dollar, as analysts pointed out that a weaker yuan aids Beijing in its trade tussle with Washington. / AFP PHOTO / FRED DUFOUR

Stanbic IBTC sensitises traders on Naira-Yuan swap deal

The forum was meant to provide insight into how best to help clients and businesses leverage the opportunity as well as assess the impact of the Chinese economy on trade in Africa.
Munich-based manufacturer Sono Motors has built the new prototype, dubbed Sion, to help Germany hit its national target of 1 million electric cars on the road by 2020. Reuters

Germany tests solar car which charges as being driven

A Munich-based start-up has taken advantage of the strong Bavarian sun this summer to test the final development of the charging system of its Sion car, an all-electric solar vehicle that lets you charge as you drive.
Akin Akinfemiwa

Forte Oil reports N61.8 billion revenue in first half 2018

Akin Akinfemiwa, the company’s Chief Executive, said the revenue represented a growth of 32 per cent when compared with N46.7 billion achieved in the corresponding period of 2017.

Why APC lawmakers cannot impeach Governor Ortom – spokesman

Amid reports that members of the All Progressives Congress in Benue state House of Assembly served the Governor of the state, Samuel Ortom, an impeachment notice, his spokesman said the lawmakers lack the constitutional powers to impeach the governor.

Bayelsa, Borno, Edo rated high in NBC/NTC exams

The Registrar/Chief Executive, National Business and Technical Examinations Board (NABTEB), Prof. Ifeoma Isiugo-Abanihe, at the weekend, said Bayelsa, Borno and Edo states were the only states where the body failed to record examination malpractices in the just concluded May/June 2018 NBC/NTC examinations.

Facebook suffers biggest one-day wipeout in US stock market history

Facebook Chief Executive Mark Zuckerberg’s fortune took a more than $15 billion hit on Thursday, as the social media company suffered the biggest one-day wipeout in U.S. stock market history a day after executives forecast years of lower profit margins.
Berkshire Hathaway Chairman and CEO Warren Buffett

Warren Buffett donates $3.4 billion to five charities

Warren Buffett has donated roughly 3.4 billion dollars of Berkshire Hathaway Inc stock to five charities, the billionaire’s largest contribution in his longstanding plan to give away his fortune.
Gabriele Volpi

Arbitration court orders Gabriele Volpi to pay self $360m of $600m owed by OODP...

The principals have chosen to speak as there were concerns that Volpi’s press release implied that they, Whitmore Limited, had a total indebtedness of $680 million.

Ethiopian Airlines to resume flights to Eritrea as war ends

Ethiopian Airlines said on Tuesday it would resume flights to Eritrea’s capital Asmara on July 17 for the first time in 20 years, a day after the neighbours and longtime foes declared their “state of war” over.
Registrar:Chief Executive of the National Business and Technical Examinations Board (NABTEB), Professor Ifeoma Mercy Isuigo-Abanihe

Board indicts, suspends NABTEB registrar, four directors over ‘contract scam’

A special investigative panel constituted to probe activities of the Registrar/Chief Executive of the National Business and Technical Examinations Board (NABTEB), Professor Ifeoma Isuigo-Abanihe, has uncovered irregularities in contract awards and abuse of office by the embattled Registrar.

AMCON: Six banks pay N155.45 billion into sinking fund in three years

Six commercial banks have made payments totaling N155.45 billion into the sinking fund of Asset Management Corporation of Nigeria (AMCON) within three years, the News Agency of Nigeria (NAN), reports.

Accountant-General threatens to sanction MDAs rejecting treasury officers

The Accountant-General of the Federation, Mr. Ahmed Idris, has threatened to shut out from the payment platform any agency of government that rejects accounting officers posted from his office to such agency.

Morocco officially unveils bid for 2026 World Cup

The African nation announced on Wednesday that they are now in the running to host the tournament against a supremely confident and organised joint campaign from the US, Canada and Mexico.

Forte Oil to sell some Nigerian assets, pull out of Ghana

Nigerian energy firm Forte Oil said it plans to sell its upstream services and power businesses in Nigeria and divest from Ghana to focus on its core fuel distribution operation at home.

NAFDAC urged to enforce use of plastic pallets

A packaging expert, Ravi Kanwal, has called on National Agency for Food, Drug Administration and Control (NAFDAC) to enforce the use of plastic pallets in packaging food and pharmaceutical products.

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The Commissioner of Police in Ebonyi, Mr Philip Maku, has warned criminals operating in the state to repent from their evil ways or leave the state.

#EndSARS: Police confirm attack on station in Ebonyi

The Police Command in Ebonyi has confirmed Thursday’s attack on Uburu Police Station in Ohaozara Local Government Area of the state by suspected hoodlums.
President Muhammadu Buhari

#EndSARS: President Buhari urged to probe Lekki shootings

A coalition of women groups, Mothers United and Mobilised (MUM), has called on President Muhammadu Buhari to constitute a transparent panel of inquiry into alleged shooting of unarmed EndSARS protesters in Lekki on Tuesday.
Human Rights Writers Association of Nigeria, HURIWA, has condemned what it called the silence of President Buhari over protests against operatives of the Special Anti-Robbery Squad, SARS, a unit of the Nigeria Police Force, in the past two weeks.

#EndSARS: Institute invites protesters for dialogue

The Institute for Peace and Conflict Resolution (IPCR) has invited the youths currently protesting against police brutality with the hashtag, #ENDSARS for a dialogue with officials of the institute.
The nominees for the Premier League’s Young Player of the Year award have been named and it is unsurprising to see the list dominated by Manchester United stars.

Manchester United in buoyant mood ahead of clash with Chelsea

Manchester United will approach Saturday’s home English Premier League (EPL) clash with Chelsea in buoyant mood rather than in trepidation.
Chinese Foreign Ministry spokesperson Zhao Lijian speaks at the daily media briefing in Beijing on April 8. GREG BAKER-AFP VIA GETTY IMAGES

China threatens retaliation over US-Taiwan arms sale

China on Thursday threatened to make a “legitimate and necessary” retaliation over the US sale of $1 billion worth of missiles to Taiwan as Beijing becomes increasingly strident over its claims to the self-ruled island.