Monthly Archives: August 2018

MTN Nigeria Replies CBN On Illegal Repatriation Of $8.1 Billion

MTN Nigeria on Thursday refuted the claims by the Central Bank of Nigeria that it illegally, in collusion with four Nigerian banks repatriated $8.1billion from its Nigerian operations to offshore investors. The CBN said the remittances between 2007 and 2015, in tranches of 2.63 billion dollars, 1.766 billion dollars and 348 million dollars were done in flagrant violation of the ...

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BREAKING: Buhari, Osinbajo, Tinubu In Crucial APC NEC Meeting

President Muhammadu Buhari, Vice President Yemi Osinbajo, and National Leader of the All Progressives Congress (APC), Bola Tinubu, have arrived at the APC National Secretariat for the party’s National Executive Council meeting. The Punch reports that the party’s National Chairman, Adams Oshiomhole, is leading other members of the National Working Committee to the meeting. Details later…

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How Africa can up its game on water management for agriculture

Africa’s waterways, like the Barotse floodplain in Zambia, must be properly managed. Bioversity International/E.Hermanowicz Andrew Slaughter, University of Saskatchewan Global agriculture is facing unprecedented challenges. It’s estimated that the world’s population will reach 9.1 billion by 2050 with an ever expanding middle class. Current food production levels will have to be increased by 70% to meet future nutrition requirements. At ...

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How Africa’s largest city is failing its older people

Heavy traffic in Lagos, Nigeria. EPA/Ahmed Jallanzo Ojo Melvin Agunbiade, African Population and Health Research Center Urbanisation is spreading across Africa at great speed. Projections suggest that more than half of the total population will live in urban areas by 2050. Urbanisation in Nigeria is happening at a particularly astonishing rate. The population density of urban dwellers in Nigeria is ...

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‘Churches Preaching Prosperity To Attract Tax Soon’

Ghana’s President Nana Akufo-Addo has said that churches that specialise in prosperity preaching through which they acquire stupendous wealth may be slammed with tax. The Punch reports that Akufo-Addo made the declaration as he delivered stinging criticisms about some churches which he accused of being everything but what a church should be. The Ghanaian president, speaking at a synod of ...

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Illegal Repatriation: MTN To Refund $8.13bn As CBN Fines 4 Banks N5.87bn

The Central Bank of Nigeria (CBN) has imposed a N5.87 billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond Bank over alleged illegal remittance of foreign exchange to offshore investors of MTN Nigeria Communications Limited. This is even as the  CBN has directed MTN to refund 8.13 billion dollars which was illegally repatriated by the company with the aid ...

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Don’t Blame Us For Inability Of Kwankwaso To Use Eagle Square, Says APC

The All Progressives Congress (APC) has frowned on “mischievous attempts in some quarters” to blame it for the inability of a Peoples Democratic Party (PDP) presidential contestant, Musa Kwankwaso, to secure the Eagle Square for his declaration. A statement by the Acting National Publicity Secretary, Yekini Nabena, noted that “the Party read in the media reasons given by the facility ...

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Ambode Receives British Prime Minister In Lagos

…says investors can explore opportunities in energy, technology, creative sectors Lagos State Governor, Mr. Akinwunmi Ambode, on Thursday received the British Prime Minister, Theresa May, in Lagos, affirming that the State remains a choice destination for investors from the United Kingdom. The British Prime Minister, who arrived at the Presidential Wing of the International Airport about 4:30pm, was received by ...

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2019: Former Lagos Speaker, Ikuforiji Refutes Report Tipping Him To Replace Ambode  

…says rumour handiwork of detractors, mischief makers Former Speaker of the Lagos State House of Assembly, Hon. Adeyemi Ikuforiji on Wednesday totally downplayed and rejected a report making the rounds that the leaders of the All Progressives Congress (APC) were planning to use him as the Governorship candidate in the 2019 elections in Lagos. Ikuforiji, in a statement he personally ...

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