Nigerian Newspaper: Punch Headlines Today, Thursday 9th November, 2018

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Primaries crises: Reps probe alleged abuses by political parties, INEC
Fri, 09 Nov 2018

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The House of Representatives on Thursday set up an ad hoc committee to probe alleged violations of the Electoral Act by political parties and the Independent National Electoral Commission during last month’s primaries to pick candidates for the 2019 polls.

The House observed that the primaries exposed the lack of internal democracy within political parties, while it accused INEC of looking the other way when the abuses occurred.

Over 200 lawmakers failed to secure a return ticket during the primaries.

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State governors were also criticised for allegedly manipulating the primaries in some places with the sole objective of imposing their preferred candidates on the parties.

The All Progressives Congress received much of the attacks as most of the speakers on Thursday were aggrieved members of the ruling party.

However, some opposition party members, including the Peoples Democratic Party, also complained that they were not fairly treated during the primaries.

The House, which was presided over by the Speaker, Mr. Yakubu Dogara, resolved to conduct an investigation into the alleged abuses after an APC member from Niger State, Mr Adamu Chika, moved a motion to draw attention to the alleged violations.

Chika also called for a probe of the income and expenditure of the “major political parties in the last four years” to bring their operations in compliance with Section 226 of the 1999 Constitution.

The lawmaker said, “If legislative measures are not adopted to address this dangerous drift, the National Assembly may, in the nearest future, be the assemblage of governors’ stooges to the detriment of our democracy.”

Speaking specifically on the case of Niger State, Chika said, “No aspirant can say he got the result of the election. You can only know it through your agent, but to say you have it is a lie.

“Somebody contested for Senate but he was given the ticket of the House of Representatives. Niger has moved from poverty to hopelessness.”

Another APC member from Kaduna State, Mr Musa Soba, recalled how “direct and indirect primaries created direct and indirect grievances” in his state.

Soba, who was the first member to dump the APC soon after primaries, also said aspirants were made to buy nomination forms at exorbitant costs when the party already had pre-determined winners.

But while Chika and Soba complained about the alleged overbearing influence of their state governors, a member from Ogun State, Mr Adekunle Akinlade, informed the House that the national leadership of the APC robbed winners in his state of victory.

Akinlade, the preferred candidate of Governor Ibikunle Amosun, narrated how the party structure ensured that the contestants who won never got the tickets.

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Widow wins husbands legislative seat before election
Fri, 09 Nov 2018
Eniola Akinkuotu, Abuja A widow, Stella Nkoro, has emerged the winner of Ikom 2 State Constituency of Cross River State before the actual election. Nkoro, who is a member of the Peoples Democratic Party, has been listed as the only candidate to vie for the position. The widows late husband, Simon, was the one representing
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El-Rufai appoints running mate, Hadiza, Senior Adviser-Counsellor
Fri, 09 Nov 2018
Godwin Isenyo, Kaduna Kaduna State Governor, Mallam Nasir el-Rufai, on Thursday appointed his recently-announced running mate in the 2019 elections, Hadiza Balarabe, as Senior Adviser-Counsellor. A government statement by the el-Rufais Senior Special Assistant on Media and Publicity, Mr Samuel Aruwan, said the appointment was with immediate effect. Hadiza is the Executive Secretary of the
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PDP elders reaffirm Fayose as leader, urge support
Fri, 09 Nov 2018
Kamarudeen Ogundele, Ado Ekiti The Elders caucus of the Peoples Democratic Party in Ekiti has confirmed former Governor Ayodele Fayose as the leader of the party in the state. They dissociated themselves from the purported stakeholders meeting which had earlier declared the Senate Minority Leader, Senator Biodun Olujimi, as the party leader. Rising from their
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Nigerian banks must reform to survive fintech revolution Osinbajo
Fri, 09 Nov 2018
Tunde Ajaja The Vice-President, Prof. Yemi Osinbajo, has stressed the need for banks in the country to carry out urgent reforms so as not to be caught off-guard by rising innovations in financial technology, saying the effect of new innovations in fintech was inevitable. He stated that fintech, which is the new technology and innovation
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Retirees payments stopped over empty pension accounts, PenCom intervenes
Fri, 09 Nov 2018
Nike Popoola Some pensioners under the Contributory Pension Scheme stopped earning monthly stipends some years after they retired because they exhausted the money in their Retirement Savings Accounts. Findings revealed that the affected retirees accounts became empty some years after earning monthly pensions because they didnt have enough pension savings as of the time they
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US, France, others show interest in Nigeria Air FG
Fri, 09 Nov 2018
Okechukwu Nnodim and Maureen Ihua-Maduenyi The governments of the United States of America and France are interested in Nigeria Air, the Federal Government announced on Thursday. It also dismissed claims that the process for the establishment of the national carrier was suspended due to the lack of investors. Speaking at the 5th Aviation Stakeholders Forum
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Dangote Groups revenuell hit $30bn by 2020 Dangote
Fri, 09 Nov 2018
Feyisayo Popoola The President, Dangote Group, Aliko Dangote, has said the revenue of his group of companies will hit $30bn by 2020, The Cable reported on Thursday. The multibillionaire, while speaking at the Africa Investment Forum in Johannesburg, South Africa, noted that the progress being made by the Dangote Group was as a result of
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CBN, MTN near deal over $8.1bn fund transfer
Fri, 09 Nov 2018
Oladimeji Ramon and Ife Ogunfuwa with agency reports MTN Group Limited is close to securing a deal with the Central Bank of Nigeria over an order to repay $8.1bn it is alleged to have illegally taken out of the country, according to a person familiar with the matter. Bloomberg reported that a settlement might be
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Nigeria servicing debt with more than 50% revenue IMF
Fri, 09 Nov 2018
Everest Amaefule, Abuja The International Monetary Fund on Thursday painted the precarious situation of the nations economy in particular and Sub-Saharan Africas, in general, going by how much the country and the region spend on debt servicing. According to the Breton Woods financial institution, Nigeria spends more than 50 per cent of its revenues on
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Nigerias economic performancell beat IMFs forecast Report
Fri, 09 Nov 2018
Nike Popoola FSDH Research, an arm of FSDH Merchant Bank Limited, says Nigerians economy has the potential to perform better than what the International Monetary Fund predicted. It added that for the country to realise its full potential, issues such as security of lives and property, infrastructure, rule of law, and the diversification of revenue
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Eighteen states, FCT attracted $73.08bn investments in three months
Fri, 09 Nov 2018
Nike Popoola The Minister of Budget and National Planning, Senator Udoma Udoma, has said that 18 states and the Federal Capital Territory attracted proposed investment worth of $73.08bn for 65 projects between January and March 2018. He stated this while speaking on efforts by the Federal Government to make Nigeria an attractive place for businesses
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Dangote Cement reiterates commitment to global standards
Fri, 09 Nov 2018
Anna Okon and Alexander Okere Dangote Cement Plc has said it will continue to collaborate with stakeholders in the construction industry to provide services of global standards. The Group Managing Director, Dangote Group, Joe Makoju, stated this at the unveiling of the Dangote BlocMaster, 42.5-grade cement in Benin, Edo State. Makoju, represented by the National
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Growing your business fast
Fri, 09 Nov 2018
Successfully scaling a business is all about doing the fundamentals and having the stamina to see it through. Let us face it. Scaling your business is hard. It takes considerable effort. In the beginning, it means wearing different hats. It means dealing with sales and marketing. It means understanding taxes and corporate compliance. It involves
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850,000 farmers benefit from Anchor Borrowers Programme CBN
Fri, 09 Nov 2018
Nike Popoola The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said that over 850,000 farmers have benefitted from its Anchor Borrowers Programme. Emefiele, who was represented by the Deputy Director, Development Finance Department, CBN, Mr Osita Nwanisobi, said this during a financial inclusion conference as part of events to mark EFInAS
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Glo extends 4G LTE to 36 states, 208 tertiary institutions
Fri, 09 Nov 2018
Ife Ogunfuwa Globacom has extended its 4G LTE network coverage to all the 36 states of the federation and the Federal Capital Territory, Abuja. A statement issued by the telecoms operator in Lagos, on Thursday, said 208 tertiary institutions were included in the operators 4G LTE footprint spread across the six geopolitical zones of the
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Failed banks: NDIC assures depositors of full compensation
Fri, 09 Nov 2018
Nike Popoola The Managing Director, Nigeria Deposit Insurance Corporation, Mr Umaru Ibrahim, has said that it will soon commence claims payment to depositors of failed microfinance banks and primary mortgage banks. He said at the ongoing Lagos Trade Fair, Sadly, as you are all aware, the Central Bank of Nigeria recently revoked the licences of
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How to avoid defaulting business loan
Fri, 09 Nov 2018
There could be many reasons why one defaults a business loan. While sometimes it could be just miscalculation, in most of the other cases, it could be due to declining sales, sudden hardship or many other similar factors which will lead to a struggle to repay debts. Defaulting loan is a very daunting feeling; it
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Building a customer base
Fri, 09 Nov 2018
Customers are the lifeblood of any business, so it is vital you can keep generating leads and retaining your existing customers. But doing so is often a concern for businesses, with more than one in three companies saying that generating a new business is their biggest worry. We spoke to two small business owners and
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Amnesty Office organises entrepreneurial fair for trained ex-militants
Fri, 09 Nov 2018
Chukwudi Akasike The Presidential Amnesty Programme has begun a three-day entrepreneurial fair for former Niger Delta agitators, who underwent various skills acquisition schemes. The PAP Coordinator, Prof. Charles Dokubo, said that the entrepreneurial fair was organised to pave the way for the trained ex-agitators to display their products and services. The event, which was held
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Polaris Bank pledges more support for breast cancer survivors
Fri, 09 Nov 2018
Feyisayo Popoola Polaris Bank has pledged its support for breast cancer survivors in Nigeria, after hosting 50 of them to an end-of-year get-together. The Group Managing Director/Chief Executive Officer, Polaris Bank, Tokunbo Abiru, said the love and care demonstrated to breast cancer patients and survivors had a positive influence on their physical and mental wellbeing.
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FG, Japan plan trade boost, poverty reduction in NEast
Fri, 09 Nov 2018
Ifeanyi Onuba, Abuja The Federal Government in collaboration with the Japanese Government and the United Nations Industrial Development Organisation on Thursday unveiled a programme to promote the growth of entrepreneurship in the North East geopolitical zone of the country. The programme, which is being funded by Japan with a total sum of $800,000 (about N244m
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Stock marketll see more IPOs in 2019 BPE
Fri, 09 Nov 2018
Feyisayo Popoola The Bureau of Public Enterprises has said the Nigerian stock market will see more Initial Public Offerings next year. The Director General, BPE, Mr Alex Okoh, said the BPE was working towards the privatisation of some government companies and assets that would later be listed on the Nigerian Stock Exchange by way of
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IAPM expects capital market to rebound soon
Fri, 09 Nov 2018
Feyisayo Popoola The President, Investment Advisers and Portfolio Managers, Mr Abimbola Olasore, has urged investors to prepare for a rebound of the nations capital market soon. Olasore, while addressing journalists at a press conference ahead of the 2018 Investment Advisory Conference in Lagos, said many people often talked as if the capital market was no
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BUA completes new cement factory, begins testing
Fri, 09 Nov 2018
Ife Ogunfuwa BUA Cement has announced the completion of its new cement factory with three million tons per annum capacity in Okpella, Edo State. A statement signed by the Group Head, Corporate Communications, BUA Group, Otega Ogra, on Thursday, stated that the new factory brought the total capacity of BUA Obu Cement operations to six
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Cote dIvoire to copy IITA Nigerias youth agripreneur model
Fri, 09 Nov 2018
Anna Okon Africas largest cocoa producer, Cote dIvoire, has sent a delegation to Nigeria to understudy the International Institute of Tropical Agriculture youth agripreneur model, as part of efforts to revamp its agriculture and address youth unemployment. The IITA stated this, saying that the 10-man delegation understudying the IYA model was led by the Deputy
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Why were using youths for safety campaign NB
Fri, 09 Nov 2018
Feyisayo Popoola The Nigerian Breweries Plc says it is involving the youth in the 2018 edition of its Dont Drink and Drive campaign to make them change agents and spread the safety message fast among Nigerians. The Managing Director/Chief Executive Officer, Nigerian Breweries, Mr Jordi Bel, stated this at the Lagos rally of the campaign
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Nigerian women, highest consumers of our products Japan
Fri, 09 Nov 2018
The Japan External Trade Organisation has said that Nigerian women are the highest consumers of the countrys products. The Trade Commissioner and Managing Director, JETRO, Shigeyo Nishizawa, in an interview with our correspondent, disclosed that the country strategically designed products and tagged this years trade exhibition, Made in Japan for women. He said the idea
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Chinese smartphone giant Xiaomi debuts in London
Fri, 09 Nov 2018
Chinas Xiaomi unveiled the Mi 8 Pro smartphone in London on Thursday, making a UK debut as the tech giant ramps up its European presence before an expected American launch next month. Xiaomi, which is looking to gain ground on rivals Apple, Huawei and Samsung, revealed the flagship product at a launch event at the
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German court orders diesel bans in Cologne, Bonn
Fri, 09 Nov 2018
A German court on Thursday ordered Cologne and Bonn to join a slew of cities in banning older diesel vehicles from their roads to combat air pollution, as the government struggled to reach a deal with automakers on cleaning them up. The Cologne administrative court said the western city must ban the dirtiest diesels from
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Ganduje bribery videos: Contractor ready to testify before assembly panel
Fri, 09 Nov 2018
The contractor behind the videos showing the Kano State Governor, Abdullahi Ganduje, allegedly receiving bribes says he is ready to testify before the state House of Assembly panel investigating the matter. The Cable reports that in a letter sent to the chairman of the investigative panel, through Saeed Twada, his lawyer, the contractor referred to
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Alleged N33bn fraud: Reps demand NEMA DGs sacking, accuse Osinbajo of illegal approval
Fri, 09 Nov 2018
Olusola Fabiyi and John Ameh, Abuja The House of Representatives has indicted the Director-General of the National Emergency Management Agency, Mr Mustapha Maihaja, over alleged embezzlement of funds in excess of N33bn under his watch. Vice-President Yemi Osinbajo was also indicted for allegedly approving N5.8bn North-East Intervention Fund, which the House claimed was illegal. The
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Minimum wage: Court gives FG, Labour till Jan 30 to submit report
Fri, 09 Nov 2018
Ade Adesomoju, Abuja The National Industrial Court of Nigeria in Abuja on Thursday ordered the Federal Government and Organised Labour to submit a report of their negotiations on the disputes over the new minimum wage by January 30, 2019. Justice Sanusi Kado had on November 2, 2018 adjourned the case till Thursday after issuing an
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Adams Oshiomhole to face further DSS questioning
Fri, 09 Nov 2018
Olusola Fabiyi, Olalekan Adetayo and John Alechenu, Abuja The National Chairman of the All Progressives Congress, Mr Adams Oshiomhole, is expected to return to the Department of State Services for further interrogation anytime he returns to the country, The PUNCH learnt on Thursday. It was also gathered that President Muhammadu Buhari was aware of the
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Outrage over FGs claim of spending N3.5m monthly to feed El-Zakzaky
Fri, 09 Nov 2018
Olalekan Adetayo, Godwin Isenyo and Oluwatosin Omojuyigbe Nigerians have berated the Federal Government over its claim of spending N3.5m monthly to feed the detained leader of the Islamic Movement of Nigeria, Ibrahim el-Zakzaky. They called on the Federal Government to obey the court order granting the Islamic leader bail to put a stop to feeding
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Strike: Okebukola pleads with ASUU
Fri, 09 Nov 2018
Success Nwogu, Ilorin A former Executive Secretary, National Universities Commission, Prof Peter Okebukola, on Thursday pleaded with the Academic Staff Union of Universities to call off the ongoing strike in public universities in the country. He appealed to the striking lecturers to embrace dialogue, adding that the Minister of Education, Mallam Adamu Adamu, had been
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Obey the rule of law, British envoy tells Shiites, security agencies
Fri, 09 Nov 2018
Adelani Adepegba, Abuja The outgoing British High Commissioner to Nigeria, Paul Arkwright, has called on the Islamic Movement in Nigeria (Shiites) and security agencies to obey the rule of law in their activities. He stated that the group should exercise their rights to protest peacefully, adding that security agencies should also respect the rule of
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Wike faults Prince Charles absence in South-South
Fri, 09 Nov 2018
Chukwudi Akasike, Port Harcourt The Rivers State Governor, Nyesom Wike, has berated the Federal Government for shielding Prince Charles of Wales from the Niger Delta region. The governor, who said the Niger Delta had always been neglected despite producing the nations wealth, wondered why the Prince would be confined to Abuja and Lagos. Wike spoke
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Atiku to pay N33,000 minimum wage in his firms
Fri, 09 Nov 2018
Hindi Livinus, Yola Former Vice President and the presidential candidate of the Peoples Democratic Party, Alhaji Atiku Abubakar, has ordered the implementation of N33,000 minimum wage to all employees in his companies. The directive was issued to heads of business units of companies owned by the former vice president and was to take immediate effect.
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Govs politicising activities at state varsities ASUU
Fri, 09 Nov 2018
Alexander Okere, Benin The Academic Staff Union of Universities, Benin Zone, has accused state governors of politicising academic activities in public universities. The zone lamented that state universities had suffered political interferences which, it said, had affected the schools. The Zonal Chairman, Prof Fred Esumeh, in a statement on Thursday, also decried the alleged poor
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EFCC arraigns ex-NDDC ED for alleged N3.6bn bribery
Fri, 09 Nov 2018
Oladimeji Ramon The Economic and Financial Crimes Commission on Thursday arraigned a former Executive Director, Projects, Niger Delta Development Commission, Mr Tuoyo Omatsuli, for allegedly receiving a bribe of N3.6bn from a contractor. Omatsuli was arrainged alongside Don Parker Properties Limited, Francis Momoh and Building Associates Limited before the Federal High Court in Lagos. The
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9.3million pupils, 26 states captured in school feeding programme FG
Fri, 09 Nov 2018
Olaleye Aluko, Abuja The Federal Government has said that 9,300, 892 pupils across 26 states have been captured in the school feeding programme. The FG made this known via the Special Adviser to President MuhammaduBuhari on Social Investment Programmes in the Office of the Vice-President, Mrs Maryam Uwais, on Thursday in Abuja. Giving the update
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NPS enrols 488 prison inmates for degree courses
Fri, 09 Nov 2018
Adelani Adepegba, Abuja The Nigeria Prisons Service has disclosed that it enrolled 488 inmates for undergraduate and post-graduate programmes at different campuses of the National Open University of Nigeria in the country. The service added that the figure included 23 inmates pursuing post-graduate studies in criminology, public administration and other programmes. The Comptroller-General of Prisons,
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Tributes as Alile begins journey home
Fri, 09 Nov 2018
Alexander Okere, Benin Dignitaries on Thursday paid tributes to the late Spiritual Leader of St. Joseph Chosen Church of God, Apostle Hayford Alile, at the service of songs held in his honour in Benin, Edo State. Among the dignitaries present at the event held at the Central Cathedral of the church were a former National
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Court restrains IGP, CP from going after livestock guards
Fri, 09 Nov 2018
John Charles Makurdi Astate High Court sitting in Makurdi, Benue, presided over by Justice Augustine Ityonyiman, on Thursday issued an interim order restraining the Inspector-General of Police, and the Commissioner of Police in the state from closing down the offices of the Benue State Livestock Guards in any part of the state. The court also
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Abacha loot: Group warns FG
Fri, 09 Nov 2018
Tony Okafor , Awka A group, Civil Resource Development and Documentation Centre, has asked the Federal Government not to allow the recovered $322.5m Abacha loot to be diverted by corrupt public officials. The Project Advisor of CIRDDOC, Chief Ralph Ndigwe, stated this during an event tagged The Monitoring of Recovered Assets in Nigeria Through Transparency
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Prince Charles honours fallen soldiers at Abuja military cemetery
Fri, 09 Nov 2018
Olaleye Aluko, Abuja The Prince of Wales, Prince Charles, on Thursday visited the National Military Cemetery in Abuja, where he laid a wreath to honour Nigerian soldiers buried there after they died while fighting in the British Army during the First and Second World Wars. Prince Charles was received at the Abuja memorial section of
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We have the best loan scheme Osun
Fri, 09 Nov 2018
Oluwatobi Akindele The Osun State Government says the state runs one of the best loan schemes in Nigeria, adding that the initiative led to the increase in the number of Micro, Small and Medium Enterprises with an increase of 182 per cent in the last seven and half years. The Commissioner for Commerce, Industries, Cooperatives
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Nigerians have commitment, lack capacity
Fri, 09 Nov 2018
Eniola Akinkuotu, Abuja The United States Agency for International Development says Nigerians rank among the highest within developing countries in terms of commitment but rank low in the area of capacity. The acting USAID Mission Director, Erin Holleran, said this in Abuja on Thursday at an event held to mark the completion of the Strengthening
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