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Monthly Archives: August 2016

Court refuses to stop Kashamu’s arrest

A Federal High Court in Abuja, on Tuesday, refused to grant a fresh application by the senator representing Ogun East Senatorial district in the Senate, Buruji Kashamu, seeking to stop the Department of State Services and the Nigeria Police from arresting him to be extradited to the United States of America. Justice Okon Abang, who is sitting as a vacation ... Read More »

Facebook’s founder, Mark Zuckerberg, in Nigeria over Technological development

Facebook’s Chief Executive Officer, Mark Zuckerberg, is currently in Nigeria to see how Facebook can better support technology development and entrepreneurship in the country and other African nations. The Facebook CEO visited a ‘Summer of Code Camp’ at the Co-Creation Hub in Yaba, otherwise known as the Silicon Valley of Nigeria, as one of his first stops on the trip. ... Read More »

CBN licenses 11 new Money Transfer Operators

The Central Bank of Nigeria (CBN) has announced new licences for 11 International Money Transfer Operators (IMTOs), including World Remit. Earlier, the CBN had alerted Nigerians to cease transacting money transfer businesses with unregistered money transfer operators. “This warning has become necessary because of the activities of some unregistered IMTOs, whose modes of operation are detrimental to the Nigerian economy,” ... Read More »

Elumelu tasks policy makers on poverty reduction

Chairman of Heirs Holdings and UBA Plc, Tony O. Elumelu,  has advocated entrepreneurship as a veritable solution to achieving poverty reduction in the country. Elumelu, who is also the Founder of The Tony Elumelu Foundation, delivered a paper themed: “Entrepreneurship, Corporate Social Responsibility and Africapitalism: The Role of The Private Sector In Fighting Poverty in Nigeria”, at the nation’s think-tank, ... Read More »

Suspected herdsmen kill Redeemed pastor in Kaduna

Gunmen suspected to be herdsmen on Sunday night killed one Pastor Luka Ubangari of the Redeemed Christian Church of God (RCCG) at Shawa village, near Godogodo, in Jema’a Local Government Area of Kaduna State. Ubangari was said to have been ambushed, shot and killed while returning from evangelism to Golkofa village. The incident occurred few days after Governor Nasir El-Rufai ... Read More »

Man who named dog Buhari sent to jail

A man who named his dog Buhari, Joachim Iroko, aka Joe, was remanded on Monday at the Ibara Prison following his arraignment at the Ota Magistrate Court 2, Ogun State. He was charged to court by the police with conduct likely to cause breach of the peace, in a case with suit number MOT/617c/2016. The prosecutor, Inspector Itaita Ebibomini, said ... Read More »

Mimiko’s ex-Attorney General emerges Ondo PDP candidate

The immediate past Attorney-General and Commissioner for Justice in Ondo State, Eyitayo Jegede, has emerged the candidate of the Peoples Democratic Party (PDP) for the State governorship election. Chairman PDP primary election committee for Ondo State and governor of Bayelsa State, Seriake Dickson, said Eyitayo won the party’s primary election by polling a total of 760 votes while his opponent ... Read More »

Ambode approves N15.5m grant for varsity entrepreneurs

Lagos State Governor, Akinwunmi Ambode, has approved the sum of N15.5million as seed funding and grants for final year students enrolled in the Ready.Set.Work (RSW) programme. Ready.Set.Work is an entrepreneurship and employability training program for final year students of tertiary institutions in Lagos State, aimed at preparing them for economic productivity as value-creating employees or employers of labour. Commencing in ... Read More »

‘Commercial banks defy CBNs order on BDCs’

Commercial banks are defying Central Bank of Nigeria’s (CBN’s) directive for them to sell $50,000 weekly from Diaspora remittances to bureaux de change (BDCs), President, Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said. In a statement, the ABCON boss said only 10 per cent of BDCs from the Lagos market have so far accessed dollar from ... Read More »

‘INEC yet to receive court order stopping PDP convention’

The Independent National Electoral Commission (INEC) said it was yet to receive the Federal High Court, Abuja judgment on the National Convention of the Peoples Democratic Party (PDP) scheduled for Wednesday in Port Harcourt. A message from the INEC Deputy Director on Publicity and Voter Education, Nick Dazang, said that INEC would come up with its position on motoring of ... Read More »