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Nigeria: Abductors of Germans Give Condition for the Release

By Garba Muhammad Kidnappers of a German archaeologists, Peter Breunig and Johannes Buringer, have demanded N60 million naira ransom, PREMIUM TIMES has learnt. The two men were abducted Wednesday morning at Jenjela village in Kagarko Local Government of Area Kaduna State. The attackers shot dead two locals who tried to rescue the men, witnesses said. […]

Business – Numeraire: New Hedge Fund Hijacks Naira Symbol From Nigeria | Nigerian Bulletin

An AI hedge fund out of has hijacked the Naira symbol for its cryptocurrency, Numeraire. 29-year-old South African technologist Richard Craib and his unorthodox hedge fund Numeria, on Tuesday released one million units of the new digital currency to 12,000 scientists. Numerai is one of several quant-crowdsourcing firms, “a hedge fund in which an artificially […]

Africa: Xenophobia – ‘We Are Not Afraid of Fighting’ S/Africans – Migrant

As anti-immigration protests erupt in South Africa, police have been deployed in key cities while Nigerian Consulate has released hotlines for emergency. According to the twitter handle of Newsroom daily, many protesters have hit the streets. Reports say that some shops and houses have been touched. Chris Gibson ‏@ChrisGibsonNews reported a large anti-immigrant protests in […]

Naira firms to N460 per dollar at parallel market ▷ NAIJ.COM

The Nigerian Naira has made a huge gain at the parallel market as it now trades at N460 per United States dollar on Friday, February 24. The Naira gained 40 points to trade at N460 from the N500/dollar rate on Thursday, February 23. The local currency also appreciated against the Pound Sterling to trade at […]

Nigeria: My Marriage to Churchill, Obasanjo’s Nephew a Sham – Tonto Dikeh

Embattled Nollywood actress Tonto Dikeh on Friday said her marriage to Olakunle Churchill was a sham. Churchill is alleged to be former President Olusegun Obasanjo’s nephew. She made the revelation on her Instagram @tontolet while responding to advice from her fans persuading her to have a rethink over her marriage. The Nollywood actress added she […]

Nigeria: Two to Die By Hanging for Killing Govt Surveyor

A Bayelsa State High Court has sentenced two men to death for killing a government surveyor, Edi Kolu, while on official duty. Mr. Kolu was killed when he and other officials from the office of the Surveyor-General of Bayelsa went to demarcate a boundary between Opolo and Okutukutu communities in Yenagoa. Justice Nayai Aganaba, who […]

Nigeria Saves 72 Percent Cost in Deep Offshore Rig-Rate – NNPC

The Nigerian National Petroleum Corporation, NNPC, has successfully renegotiated the cost of its deep offshore rig-rate downwards by about 71.7 per cent. The Group Managing Director of the corporation, Maikanti Baru, said Nigeria was saved the huge burden of the cost of operation in the difficult terrain from the previous charge of about $580,000 to […]

Nigeria: Is Basketmouth Bringing Top American Comedian, Chris Rock to Nigeria?

Ace comedian Basket mouth real name, Bright Okpocha, on Friday gave a hint on plans to invite Chris Rock, Top American comedian for a performance scheduled for June in Lagos. Basket mouth on his Intagram handle @basketmouth said, “If Chris Rock was coming to Lagos in June 2017… would you pay N10,000 for a regular […]

Nigeria: Buhari ‘Speaks to Nigerians Via Speakerphone’ Amid Health Concerns

Nigerian President Muhammadu Buhari, who has been out of the west African country for more than a month, has reportedly made a surprise phone call to the governor of the northern state of Kano. According to BBC, Buhari’s conversation with the governor was put on speakerphone, with the phone placed next to the mic to […]

Nigeria: Osinbajo, Saraki, Dogara Meet On Speedy Passage of 2017 Budget

There are expectations that the 2017 Budget would be passed in earnest based on the level of rapport developing between top government officials in the Executive and Legislative arms in the country. A meeting was held Thursday night between the leadership of the two arms of government at Aso Rock “discussing the Federal Government budget […]

Nigeria: Don’t Abandon Buhari, CAN Tells Nigerian Christians

By Akin Oyewobi The Christian Association of Nigeria (CAN) has once again asked Christians to continue praying for President Muhammadu Buhari until he returns to the country hale and hearty. This is contained in a statement signed by Adebayo Oladeji, Special Assistant Media to CAN president, Olasupo Ayokunle. Mr. Ayokunle urged Nigerians especially Christians not […]

Nigerians to Pay More Charges for Large Cash Deposits, Withdrawals

By Bassey Udo Nigerians who deposit or withdraw N500,000 and above will now pay between 1.5 per cent and 7.5 per cent charges, according to a new banking policy. The new policy was approved by the Bankers’ Committee of the Central Bank of Nigeria on Thursday. The Director, Banking & Payments System Department of the […]

Nigeria: No Nigerian Died in South African Xenophobic Attacks – Nigerian Govt

The Federal Government has said no Nigerian died during the recent xenophobic attacks in South Africa. The government on Thursday also urged the South African government to put in place measures to end the incessant attacks on Nigerians in that country. The Minister of State Foreign Affairs, Khadija Abba-Ibrahim, gave the task in Abuja during […]

Nigeria: Rivers Rerun – INEC Receives Police Report, Vows to Deal With Indicted Officials

By Hassan Adebayo and Agency Report The Independent National Electoral Commission, INEC has received the report of the Joint Police/DSS Special Investigation Panel on Rivers Re-Run elections of December 10, 2016. The rerun election to elect state and federal lawmakers for Rivers was marred with violence include the death of at least two police officers. […]