Outrage as FHA demolishes multi billion houses at Festac town

Some of the demolished houses FHA justifies demolition, says owners were trespassers There was wailing yesterday, following Sunday’s demolition of houses worth several billions of Naira at FESTAC Town, Lagos, by the Federal Housing Authority (FHA). Some homeowners in FESTAC Phase Two woke up to see their houses being demolished on Sunday morning. The exercise, […]

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Jos custodial centre attacker, nine inmates killed, 252 others missing

•Plateau security meeting ends in stalemate •Northern elders caution FG against profiling Fulani as terrorists The authorities have confirmed death of nine inmates in the ensuing gun duel between security agencies and gunmen that invaded the Medium Security Custodial Centre, Jos on Sunday. Six prisoners sustained major injuries with 252 others currently at large. In […]

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HURIWA knocks Buhari’s aide over insecurity as CAN flays alleged insensitivity to killings

Human Rights Writers Association of Nigeria (HURIWA) has asked Senior Special Assistant to President Muhammad Buhari on Media and Publicity, Garba Shehu, to cover his face in shame for talking down on innocent citizens killed on Nigerian roads by Fulani terrorists in the last six years. The reprimand followed a challenge by HURIWA requesting Shehu […]

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Capitalisation slumps by N20 billion as NGX reopens negative

Transactions on the Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses in many blue-chip stocks, causing market capitalisation to slump by N20 billion. Specifically, at the close of trading yesterday, market capitalisation of listed equities declined by 0.08 per cent to N22.578 trillion from N22.598 trillion reported on Friday. Similarly, […]

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13,241 Nigerians unlawfully killed by security forces in 10 years – Rights group’s democracy watch report

FG can’t declare #EndSARS panels illegal, says Adegboruwa The rights group, Centre for Democracy and Development (CDD), has said security agencies killed 13,241 Nigerians since 2011, noting that extrajudicial killings by state actors has become the primary cause of death in the country. The organisation also said Nigeria’s democracy is experiencing major setback, even as […]

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Data suggest forex market stabilising

Notwithstanding the rattle by the newest variant of COVID-19, Omicron, which has raised fresh uncertainty, data and economists see near-term stability in the foreign exchange market. Rising from the panic that greeted the ‘freezing’ of the bureau de change (BDCs), the black market rate has been stable in recent weeks, trading around 550/$ band in […]

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Nigeria to benefit from $4.7tr digital service export market

The National Information and Technology Development Agency (NITDA) and Nigerian Export Promotion Council (NEPC) have forged an alliance that could enable Nigeria to benefit from the yearly $4.7 trillion exportation of digital services. This alliance is in line with the Digital Innovation and Entrepreneurship Pillar of the NITDA’s 2021-2024 Strategic Roadmap and Action Plan (SRAP) […]

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Nigeria, others seal $42.1 billion trade deals at IATF

Nigeria and other African countries sealed trade-related investment deals worth $42.1 billion at the recently concluded second Intra-African Trade Fair (IATF 2021) held in Durban, South Africa. According to the latest tally released by the IATF Advisory Council, the figures captured additional data submitted by Trade Promotion Agencies of Algeria, Nigeria and South Africa. Organised […]

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APC crisis deepens as faction sacks Buni’s committee, fixes convention date

Buni. Photo/Facebook/Maistrategy/Godowoli Audu faction fixes convention for Feb 26, names Lawan, Gbajabiamila into committee Buni seeks arrest of sponsors for treasonable felony Party denies zoning its chairmanship to North-central Defunct CPC bloc in dilemma over Almakura, Mustapha The crisis rocking the ruling All Progressives Congress (APC) deepened, yesterday, following the emergence of a factional Caretaker […]

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WHO declares Omicron high risk as businesses react

This handout picture made available by the World Health Organization (WHO) on November 29, 2021 shows WHO Director-General Tedros Adhanom Ghebreyesus addressing the special session of the World Health Assembly in Geneva. The world must study the wreckage of Covid-19 and say “never again” by striking a pandemic preparedness treaty, the WHO said as countries […]

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