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The Nigeria Employers’ Consultative Association, the umbrella body for employers, has disclosed that at least 15 multinationals have either divested or partially closed operations in the country in the last three years. In an exclusive interview with The PUNCH, the Director-General of NECA, Adewale Oyerinde, warned that the consequences of the massive job losses across…
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The Headquarters, 6 Division, Nigerian Army viewed with utmost dismay the unprofessional conduct of two of its personnel involved in the brutality of a civilian in Rivers State, in a viral video making the rounds in the social media. It is instructive to mention that the soldiers involved in that unprofessional conduct have been clearly…
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The Nigerian National Petroleum Company Limited, on Tuesday, said it made a profit of N2.548tn in 2022, describing it as the “highest profit since the inception” of the national oil firm. NNPCL is a state-owned oil corporation established in 1977 and the largest asset holder within the Nigerian oil and gas industry. It is currently…
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The U.S Department of Justice in its communique said court documents and evidence presented at trial revealed that Olugbenga Lawal, 33, of Indianapolis, Indiana, worked directly with the Nigeria-based leader of an international criminal organization that defrauded individuals and businesses across the United States out of millions of dollars. According to the papers, they were…
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At least six residents of Borno State have been killed and four others injured at Bakassi Joint on the outskirts of Gajiram, the headquarters of Nganzai LGA of Borno State. The House of Assembly member representing Nganzai constituency, Hon. Mohammed Ali Gajiram, has confirmed the attack, saying it happened on Sunday night. He said nine…
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Actress Madam Saje has reacted to a scathing BBC documentary about founder of the Synagogue Church of All Nations (SCOAN) the late Prophet TB Joshua. The three-part damning documentary published on Monday, January 8 alleged that he engaged in r3pe and other sexual atrocities before his death. BBC Africa Eye said it spoke with 16…
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Two Students Of Akwa Ibom State Polytechnic, Ikot Osurua, have been crushed to death by a truck. The incident happened on Monday, January 9, few metres away from the school’s premises, near Ikot Inyang village junction, along Aba Road in Ikot Ekpene Local Government Area. The truck driver reportedly lost control of the vehicle and…
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The World Bank has projected that Nigeria’s per capita income will return to its pre-pandemic level by 2025. Per capita income or total income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area’s total income by its total population. The bank in…
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The Naira on Tuesday depreciated to N1,089.51 against the US dollar at the official foreign exchange market. Data from FMDQ showed that the Naira dropped to N1,089.51 per US dollar compared to N856.57, which was quoted at the end of business on Monday. The figure represents N220.38 depreciation in the local currency compared to the…
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The Lagos State Police Command has confirmed the receipt of the petition by Nigerian singer, Tiwa Savage, over alleged bullying and threats to life by her colleague, David Adeleke, popularly known as Davido. News reported that the ‘Emido’ crooner, in the petition which made rounds online, accused Davido of uttering disrespectful words in reaction to…