Day: May 1, 2018

Buhari praises U.S for launch of kleptocracy initiative

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President Muhammadu Buhari has congratulated President Donald Trump on the launch of Kleptocracy Asset Recovery Initiative. Buhari said at the White House on Monday at a joint press briefing that the initiative was spearheaded by the United States Department of Justice Asset Forfeiture and Money Laundering. “We hope that we could continue to count on U.S. support in this area,” he told Trump at the official meeting. He thanked the U.S. government for the cooperation Nigeria had received in its effort to recover stolen funds. “Our two governments have put…

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Federal government earmarks N2 billion to boost agric-business in FUNAAB

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Determined to boost agricultural development in the country, the Federal Government has allocated over N2billion to the Federal University of Agriculture Abeokuta (FUNAAB). Executive Secretary, Tertiary Education Trust Fund (TETFund), Dr. Abdullahi Baffa, who made this known while commissioning multiple projects at the institution on the occasion of its 30th anniversary, said the intervention was targeted at making FUNAAB a world class agricultural training institution. He lamented that FUNAAB had lagged behind in terms of infrastructural development following its inability to access over N2billion allocated to the institution since 2013…

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Sudan must ‘terminate’ Noth Korea ties before terror tag talks: US

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Sudan has to “terminate all business ties” with North Korea before any talks could begin for removing Khartoum from the US “terrorism” blacklist, a top US official said Monday. Washington lifted its decades-old trade embargo imposed on Khartoum in October, but kept Sudan in its list of “state sponsors of terrorism”, which Sudanese officials say makes international banks wary of doing business with Sudanese banks, and in turn hampers an economic revival in the African country. BLACKLIST Sudanese officials have been pushing to remove Sudan from the blacklist — which…

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Oil price rises above $75 per barrel

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International oil benchmark, Brent crude, on Monday hit $75 per barrel and rose further amid growing geopolitical tensions in the world. Brent, against which Nigeria’s crude oil is priced, stood at $75.16 per barrel as of 8:15pm Nigerian time, while the United States’ marker, West Texas Intermediate, traded around $68.36 per barrel. The rise in oil prices means further accretion to the nation’s Excess Crude Account, into which the difference between the market price of oil and the budget benchmark is saved to provide a cushion when oil prices fall…

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23-year old remanded in prison for allegedly stealing fish

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A 23-year-old worker at a fish pond in Osogbo, Abiodun Olasunkanmi, has been remanded in the Ilesa Prison for allegedly stealing a large quantity of cat fish valued at N800,000. The police on Monday arraigned the accused before an Osogbo Magistrate’s Court presided over by Mrs. O. A. Oloyade. The prosecutor, Mr. Abiodun Fagboyinbo, told the court that the accused committed the offence on April 25 around 5.30am at the fish pond in the Rinsayo area of Osogbo, the Osun State capital. According to him, the offence contravenes Section 390…

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Thousands celebrate Barcelona La Liga win

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Thousands of Barcelona fans lined the streets of the city on Monday to celebrate the club’s La Liga and Copa del Rey double, although the pain of an early Champions League exit was omnipresent. Wearing the club’s trademark blue and claret-coloured shirts, fans cheered as an open-top bus passed by carrying Lionel Messi, Andres Iniesta and other stars who were taking photos with their mobiles, throwing confetti or singing “champions, champions.” It is the eighth time Barca have achieved the feat, although the celebratory parade through the city centre was…

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What Buhari told Trump

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President Muhammadu Buhari on Monday made history as the first African President to visit President Donald Trump at White House for a bilateral talk which touched on security, econnomy, trade and investment and governance. Here is President Buhari’s full statement: Mr President of the United States of America, Ladies and Gentlemen of the media. It has been a pleasure and honour to visit Washington DC at the kind invitation of President Donald Trump. Nigeria and the United States share a long history of close and cordial relations, which encompass political,…

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Workers’ Day: FG commits to welfare of Nigerians

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As Nigerians celebrate Workers Day, the Federal Government has pledged commitment to enhance workers’ welfare and prosperity for all citizens. Labour minister Chris Ngige made this pledge in a statement signed by Mr Samuel Olowookere, Director of Press in the ministry to mark the 2018 Workers’ Day celebration. Ngige said that workers should use the occasion to reminisce on the positive outcomes of the labour’s struggle for a better working conditions and decent work environment. According to him, this is an administration that places a lot of premium on the…

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Nigeria is stabilising herders’ attacks, Buhari tells Trump

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President Muhammadu Buhari held a formal official meeting with U.S. President Donald Trump on Monday where he assured the world that his administration was stabilising the attacks by herdsmen across Nigeria. Buhari, who gave the assurance at the White House and said that Nigerians were concerned about the resort to arms by some herdsmen. The Nigerian president described the situation in which more than 2,100 have died this year as alien to the age-long peaceful coexistence between herders and farmers across the country. “The problem of cattle herders is a…

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