Daily Archives: February 17, 2021

Without police background, Bawa becomes EFCC boss

Without police background, Bawa becomes EFCC boss

• Appointment seals Magu’s fate • Seeking Senate’s confirmation rubbishes FG’s earlier position, lawyers declare Abdulrasheed Bawa will become first substantive chairman of the Economic and Financial Crimes Commission (EFCC) without police training if his appointment by President Muhammadu Buhari is ...

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D’Tigers battle South Sudan for 2021 FIBA Afrobasket ticket

D’Tigers battle South Sudan for 2021 FIBA Afrobasket ticket

Nigeria’s men’s senior national basketball team, D’Tigers, will take on South Sudan in their first game of the qualifiers for the 2021 FIBA Afrobasket Championship holding in Tunisia. The best teams from the qualifiers will pick the tickets for the ...

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FG subsidises electricity by N50bn monthly, says minister

FG subsidises electricity by N50bn monthly, says minister

The Federal Government has been subsidising electricity supply across the country to the tune of over N50bn monthly, the Minister of Power, Sale Mamman, has said. He said the subsidy spendings were because the government was worried by the incessant ...

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Marketers raise petrol price to N170, depots suffer shortage

Fuel queues spread over looming price hike

Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa. Our correspondent observed that some filling stations in Lagos and Ogun states increased the pump price of petrol to N170 per litre ...

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Stock market sheds N40bn as 20 firms record losses

Stock market sheds N40bn as 20 firms record losses

The nation’s stock market finished lower on Tuesday as 20 firms saw their share prices decline at the end of trading. The Nigerian Stock Exchange All-Share Index fell by 0.19 per cent to close at 40,494.35 basis points from 40,571.67bps ...

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CBN’s fight against inflation failing, say economic experts

CBN’s fight against inflation failing, say economic experts

Economic analysts on Tuesday said the continued rise in the rate of inflation across the country showed that the fight against inflation by the Central Bank of Nigeria was failing. Experts in firms such as the Financial Derivatives Company Limited ...

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