Wednesday , 25 April 2018

The Nation

Sixteen people killed in Nigerian church attack -police

Semi-nomadic herdsmen armed with guns killed 16 people on Tuesday in an attack on a church congregation in a central state of Nigeria plagued by communal violence, police said. According to Reuters, hundreds of people have died in clashes this year between herders and farmers in central Nigeria in an outbreak of violence that has put pressure on President Muhammadu …

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Nigeria thrives under abject energy poverty — NAEE

The Nigerian Association for Energy Economics has stated that Nigeria, despite its abundant energy resources, can best be described as a country living in abject energy poverty. In his presentation at the second day of the 11th Annual International Conference of the Nigerian Association for Energy Economics, NAEE in Abuja, President of the NAEE, Professor Wumi Iledare, stated that Nigeria’s …

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Order Saraki, Melaye, others to refund ‘illegal N13.5m allowance with interest,’ SERAP asks court

Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal High Court in Lagos to order the Senate President Bukola Saraki, Senator Dino Melaye and 107 other senators to refund “illegal and unconstitutional N13.5 monthly allowance receives by each senator with interest, and to stop the lawmakers from receiving such unjustified allowances.” SERAP is also asking the court to order …

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Nigeria central bank injected $210 mln into currency market

Nigeria’s central bank said on Tuesday it had injected $210 million into the interbank foreign exchange market, extending efforts to improve liquidity and alleviate dollar shortages. According to Reuters, the bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $55 million for certain dollar expenses such …

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SERAP begs court to quash tuition hike by Ajasin varsity, Areredolu

Socio-Economic Rights and Accountability Project (SERAP) has sued the Adekunle Ajasin University and the Government of Governor Rotimi Akeredolu SAN over “unfair and arbitrary tuition hike, abuse of power, lack of free, prior, and informed consultation as well as a fundamental breach of legitimate expectations of students.” In the Originating Summons with Suit No: AK/103/18 filed last Friday at the High …

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Fuel scarcity: Hope rises for Nigeria as FUPRE designs modular refinery

When the on-going fuel scarcity started towards the end of 2017, many people and organisations did not expect it to last for some reasons. First, the Nigerian National Petroleum Corporation, NNPC, expressed its determination to tackle it. Second, other institutions, especially the Department of Petroleum Resources, DPR also swung into action to enforce compliance, targeted at eliminating all illegal practices, …

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Nigeria eyes real estate rebound amid improving economy and liquidity

A rallying economy and higher levels of liquidity are helping to put Nigeria’s real estate sector on the path to recovery, although infrastructure shortfalls and a lack of affordable offerings in the mid-market range could still curb growth. According to Oxford Business Group, on March 20 the Mortgage Banking Association of Nigeria (MBAN) said it was seeking an agreement with the Central …

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Buhari remarks on young Nigerians’ work ethic stirs social media storm

President Muhammadu Buhari has drawn criticism from social media and the opposition alike for saying many young Nigerians think they need “do nothing” to enjoy free homes, hospitals and schooling because they live in an oil-rich country. According to Reuters, Buhari, who said last week he will run for a second term in elections next February, made the comments in …

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