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Monthly Archives: November 2018

That Diamond Bank, Access Bank romance

Chijama Ogbu I think that Diamond Bank should long have sacked the Managing Director/ Chief Executive of Diamond Bank Mr. Uzoma Dozie. The bank has been facing capital adequacy challenge for sometimes. But it was not alone in that league. Even the mighty First Bank faced the same challenge. In a time like this, the bank needs a more experienced, ... Read More »

Outrage as 13-year-old Thai boxer dies in ring

Thais have reacted with shock and anger after a 13-year-old boxer died during a charity bout, reviving calls for a ban on fights between children in the brutal Muay Thai martial art. Thai boxing is hugely popular in the country and many fighters enter the sport at a young age in search of fame and fortune. But the involvement of ... Read More »

NSE, CAMCAN launch Media Lounge

  L – R: Mr. Nornah Awoh, Chief Equity Analyst at Palesa Capital Markets Associates Limited; Mr. Friday Ekeoba, Secretary General, Capital Market Correspondents Association of Nigeria (CAMCAN); Mrs. Chinyere Joel-Nwokeoma, Vice President, CAMCAN;  Mr. Cyril Eigbobo, Chief Financial Officer, The Nigerian Stock Exchange (NSE); Dr. Qasim Olalere Akinreti, President, Nigeria Union of Journalist (NUJ), Lagos Chapter; Mr. Chris Ugwu, Financial ... Read More »

CBN injects $210m into forex market

In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, November 13, 2018, injected the sum of $210 million in the inter-bank foreign exchange market. Figures obtained from the CBN indicate that the authorized dealers in the wholesale segment of the market received the sum of $100 million while the Small and Medium Enterprises (SMEs) and ... Read More »

Kwara by-election: Police ban vigilance groups from carrying arms

The Police in Kwara State yesterday announced that it had banned members of the Nigerian Vigilance Groups (VGN) from carrying arms during and after the conduct of the House of Representatives by-election scheduled for this Saturday in the southern zone of the state. Mr Fatusi Olabode, the Area Commander of the Nigeria Police, Omu-Aran, made the disclosure at a meeting ... Read More »

El-Rufai explains choice of fellow Muslim as running mate

  Governor Nasir El-Rufai of Kaduna State has revealed why he picked Dr (Mrs) Hadiza Balarabe, a fellow Muslim, as his running mate for the 2019 election, explaining that he went through a difficult process to arrive at the decision. el-Rufai, who spoke while receiving the people of Sanga local government of the state who came to thank him for ... Read More »

We need Diezani back because UK failed to arraign her – Magu

The acting Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Magu, says the EFCC is seeking the extradition of former Minister of Petroleum Resources, Diezani Alison-Madueke because the United Kingdom authorities have failed to take legal action against her despite being there since 2015. Magu said this while briefing journalists on the activities of the EFCC in Abuja ... Read More »

‘I was drugged, raped for refusing suspect’s love overtures’

A survivor of sexual assault has alleged that she was drugged and raped after she had refused the love overtures of one of the four people who attacked her. The suspect, 28-year-old Sunday Young, and three others currently at large, reportedly carried out the act on November 1. An Ogudu Magistrates’ Court in Lagos on Monday remanded Young, who allegedly conspired ... Read More »

Cholera: 175 dead, over 10,000 affected in N’East Nigeria

Suspected cholera cases have jumped in northeast Nigeria where Boko Haram violence has forced tens of thousands of people to seek refuge in crowded camps, the Norwegian Refugee Council said Monday. The humanitarian group said 10,000 people have been affected by the fast-spreading cholera outbreak and 175 people have died in the northeast states of Adamawa, Borno and Yobe as ... Read More »

Airport search: Operatives tampered with Atiku’s belongings and campaign documents – PDP

The opposition Peoples Democratic Party has said personal belongings and campaign documents of its presidential candidate, Atiku Abubakar,were “tampered with” by security operatives when they conducted a search on his aircraft as he landed in Abuja from Dubai on Sunday morning. The PDP issued a statement saying it condemned “in the strongest terms the unleashing of a special security squad ... Read More »