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Paris Club Refund: Oyo releases N13bn for workers’ salaries, pensions

The Oyo State Commissioner for Local Government and Chieftaincy Matters, Mr. Bimbo Kolade, on Wednesday said N13bn had been released by the state government to pay five months’ salaries owed council workers, primary school teachers and pensioners in the state.

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No audit report on N4.2tn TSA two years after –AGF

Over N400 billion was paid out to public officials as bribes in Nigeria between June 2015 and May 2016, a government report disclosed, yesterday. According to the report computed by the National Bureau of Statistics, NBS, the highest incidents of

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South Korea dumps Nigeria’s oil for U.S

Nigeria may have lost its South Korean oil market to the United States (U.S.) as the Asian country buys its first crude oil from America. Refiners in South Korea, the world’s fifth crude oil importer,  have reportedly joined India to

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Naira loses stem, drops against Dollar at parallel market

The naira depreciated against the United States dollar at the parallel market on Tuesday to 370, down from 368/dollar on Monday. The local unit had closed at 367/dollar on Friday. According to findings by National Daily, lack of dollar sale

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FG receives 5,000 tips from whistleblowers

Minister of Finance, Mrs Kemi Adeosun says the Federal Government has received over 5,000 communications from the Whistleblower Policy it introduced in December 2016. Of this number, 365 are those that are considered as actionable and “I can tell you

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No plan to increase petrol price now – NNPC, marketers

The Nigerian National Petroleum Corporation and marketers in the downstream oil sector have said there are no immediate plans to increase the pump price of Premium Motor Spirit. The Nigeria Labour Congress recently declared that the Federal Government should not

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CAC delists 44,000 companies

No fewer than 44,000 companies have been delisted from the database of the Corporate Affairs Commission (CAC). The commission has also registered over 1.5 million companies.  Registrar General of the CAC, Bello Mahmud, said this in a chat with the

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Facebook, Google lose $123 million to scammer

The Court of Appeal in the former Soviet bloc nation of Lithuania has decided to extradite to the United States a Lithuanian scam artist identified as Evaldas Rimasauskas, for defrauding 123 million out of FaceBook and Google to the tune

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184,979 retirees benefit from pensions scheme — PenCom

The National Pension Commission (PenCom) on Saturday said at least 184,979 retirees have benefited from the Contributory Pensions Scheme. The Acting Director-General of PenCom, Mrs. Aisha Dahir-Umar, disclosed this at a retreat organised by Pension Operators (PenOp) in Abeokuta, Ogun

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CBN inaugurates board for agricultural funds

By Mariam Sanni, Abuja The Central Bank of Nigeria and the Bankers Committee has inaugurated the board for Agriculture and Small and Medium Enterprises fund to support the growth of the country’s economy. The Manging Director of Union Bank, Emeka

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