CBN: Our agric, SME initiatives’ll curb youth restiveness

Central Bank of Nigeria

Nigerians have been urged to take advantage of the various development initiatives of the Central Bank of Nigeria (CBN) in agriculture and small and medium enterprises to curb youth restiveness. The Head of the CBN Fair and Acting Director, Corporate Communications Department of the Bank, Mr. Isaac Okorafor, said this yesterday at the CBN sensitization programme in Port-Harcourt, Rivers State. Mr. Okorafor said the CBN fair is an interactive forum aimed at explaining policies, programmes and initiatives of the Bank as well as providing means of getting redress on issues…

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IFC invests 15m euros in SME fund for Africa

The International Finance Corporation (IFC), a member of the World Bank Group, has announced that it is investing 15 million Euros in a new private equity fund to help expand access to finance and support the development of Small and Medium Enterprises (SMEs) in West Africa, Morocco, Tunisia, Algeria and Egypt. The Mediterrania Capital III fund is the third fund from Mediterrania Capital Partners, a regional private equity firm focused on investments supporting SMEs, who search for smart capital for their value creation and financial needs. The new fund is…

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US court halts two executions

  The top court in Arkansas has halted two executions that were due to start a series of seven in 11 days. The state’s Supreme Court acted hours before convicted murderers Don Davis and Bruce Ward were due to die, but the Davis decision could yet be reversed. Their lawyers had argued they were mentally unfit to face execution and were denied proper assessment. But there was a victory for the state when a federal court lifted an order that blocked all seven executions. A blanket ruling made on Saturday…

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Local oil firms walking a tight rope

Indigenous firms are the worst-hit by myriads of challenges bedeviling the oil and gas industry. ADEOLA YUSUF reports on how many of them are running into bankruptcy     Aiteo, an indigenous oil firm, made the headlines penultimate week; basking in the euphoria of its new status as the biggest Nigerian- owned oil firm in terms of production, hitherto known by many as the petroleum product trading firm, it announced the production of the largest share of the 313,602 barrels per day output from indigenous companies. The firm’s management cannot…

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Umahi promises more dividend of democracy for Edda people

Governor Dave Umahi of Ebonyi State has promised the people of Edda in Afikpo South Local Government Area of the stateof more dividends of democracy even as he said that the people will not be left behind in his developmental strides. The governor while speaking on Easter Sunday at the country home of his friend and chieftain of the Peoples’ Democratic Party (PDP), Julius Amah Orji at Nguzu Edda, said the people were dear to his heart. He said it was the special love he has for his friend in…

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FG ‘s anti-corruption fight, good omen for Nigeria –Shekarau

Former Minister of Education, Mallam Ibrahim Shekarau, has lauded the anti corruption fight by President Muhammadu Buhari, describing it as a good omen. The News Agency of Nigeria (NAN) reports that the former Kano State governor, made this disclosure to newsmen in Sokoto yesterday. Shekarau said: “The efforts by the president to fight corruption in all its ramifications is good for Nigeria. ”Anybody, who gets any money fraudulently should be arrested, thoroughly investigated and prosecuted. ”I am a strong advocate of anti-corruption fight, as I set up an anti-corruption and…

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Recovered N15bn above what FG’s agency can keep –Sagay, SANs

Three Senior Advocates of Nigeria (SAN); Prof. Itse Sagay, Dr. Biodun Layonu, Mr. Seyi Sowemimo and the second Vice-President of the Nigerian Bar Association (NBA), Mr. Monday Ubani, have said that the sums of $43,449,947, £27,800 and N23,218,000 totalling about N15 billion recovered by the Economic and Financial Crimes Commission (EFCC) from an apartment in Ikoyi area of Lagos were far in excess of what an agency of government can keep. They made the observation while reacting to reported claim by the National Intelligence Agency (NIA), Nigeria’s external secret police,…

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Aftermath of clash: Kwara council to register herdsmen

Following a recent clash between herdsmen and farmers in Baruten Local Government Area of Kwara State, the council has decided to undertake a registration of herdsmen in the area. Chairman, Transition Implementation Committee (TIC) of the council, Alhaji Musa Gobir, who gave his hint in a chat with newsmen, said any herdsman wishing to operate in the council must henceforth be registered before he would be allowed to settle in any community in the area. Although Gobir said the new move should not be seen as an affront on the…

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PDP to Buhari: Your scorecard is very poor

Oyegun: You’re talking nonsense   The People’s Democratic Party (PDP) has taken a critical assessment of the almost two-year-old All Progressives Congress (APC)-led Federal Government and returned a damning verdict: President Muhammadu Buhari has failed in every facet of the nation’s life. The party, which based its assessment on President Muhammadu Buhari’s Easter message to Nigerians, said Mr. President claimed achievements were insult to the intelligence of Nigerians who have been at the receiving end of his government’s mismanagement in the last two years. Spokesperson for the PDP National Caretaker…

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