Economic recession looms in South Africa

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South Africa’s economy may be headed towards technical recession as growth rate has shrunk and unemployment has hit levels not seen in 14 years. According to a report by Reuters, the economy shrank 0.3 percent in the last quarter of 2016 and if it shows a contraction when domestic product results are released next week Tuesday, Africa’s most industrialised economy will be in technical recession. Reports said unemployment rose to its highest in 14 years in the first quarter as agriculture and informal sectors shed jobs and more people stopped looking for work.…

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Osinbajo lauds Ayade’s industrial drive

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Nigeria’s Acting President Yemi Osinbajo, on Thursday, commended Governor Ben Ayade of Cross River for his effort to industrialise the state. Osinbajo said this while performing the ground-breaking ceremony of Ayade Industrial Park Calabar as part of his two-day working visit to the state. He described the park as an industrial hub in Nigeria and Africa. “It tells us of what the future holds for the people of this state. It is really going to be a major industrial hub in Africa.” The acting president later performed the ground-breaking ceremony…

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NIgeria 3-0 Togo Red Hot Musa fires brace

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Super Eagles were in happy mood yesterday evening in faraway Paris, France as they celebrated their rise on the FIFA Ranking with a comprehensive 3-0 victory over the Hawks of Togo with Ahmed Musa grabbing a brace while Iheanacho got the other goal. The three-time African champions who moved to 38th in the world and fourth in Africa took the lead inside the first three minutes of the encounter inside the Stade Municipal de Saint Leu La Foret when Leicester City forward, Ahmed Musa pounced on a loose ball from…

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FG Uncovers N700bn Contract Scam In Niger Delta Ministry

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The Federal Executive Council (FEC) yesterday received a report on the probe of activities in the Niger Delta Ministry between 2009 and 2015, which uncovered massive contract scams from the N700 billion released to the ministry within the period. According to the report, despite the huge sums paid to contractors, only a dismal 12 per cent of contract performance was recorded, even as government now plans to recover the outstanding balance from the contractors or have them prosecuted. Minister of Niger Delta Affairs, Usani Usani, disclosed this to State House…

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Osinbajo will not sign budget on Thursday – Presidential aide

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– Senator Ita Enang said the date for signing of the 2017 budget has not been fixed – The presidential aide said consultation was still going on concerning – This is contrary to earlier reports credited to him  Senator Ita Enang who is the special assistant to President Muhammadu Buhari on National Assembly has said that no date has been set for the signing of the 2017 budget. The Punch reports that the presidential aide said consultation was still going on concerning the budget. He said: “Further to several enquiries…

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Trump has ‘weakened’ the West, hurt EU interests – German FM

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Germany unleashed a volley of criticism Monday against US President Donald Trump, slamming his “short-sighted” policies that have “weakened the West” and hurt European interests. The sharp words from Foreign Minister Sigmar Gabriel came after Trump concluded his first official tour abroad which took him to Saudi Arabia, Israel, Brussels and then Italy for a G7 summit. They followed Chancellor Angela Merkel’s warning on Sunday that the United States and Britain may no longer be completely reliable partners. Germany’s exasperation was laid bare after the G7 summit which wrapped up…

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Nigeria Police Force, Corruption And Human Rights Violation

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The Nigeria Police Force is established under section 214 of the 1999 Constitution. The aim of the establishment is not for the purpose of business but for protecting the lives and properties of the citizens. With what is viewed from the force today, it seem to show that the main aim of its establishment has been either rejected, abandoned or forgotten. Maybe the aim of the force has been changed in the modern time since it was established in 1930, who knows? The abstract believe is that police is the…

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Navy charges Niger Delta communities on oil theft, sabotage of oil facilities

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The Nigerian Navy on Saturday advised the people of the Niger Delta to desist from illegal activities including piracy, vandalism, kidnapping, oil theft and other criminal activities that will bring the region into ridicule. The Commanding Officer, Forward Operating Base, Formoso in Brass, Bayelsa, Captain Mayowa Olukoya, gave the advice during a free medical mission to Odioma community in Brass area of the state. The free medical service was held in the community as part of activities commemorating the 61st anniversary of the Nigerian Navy. Flagging off the free medical…

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Messi loses supreme court appeal of tax-fraud conviction

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MADRID — Professional soccer player Lionel Messi has lost his Supreme Court appeal of a tax-fraud conviction in Spain. The court confirmed the 21-month prison sentence handed to Messi for defrauding tax authorities of 4.1 million euros ($4.6 million) in 2007-09. He is not expected to go to prison because sentences of less than two years for first offenses are usually suspended in Spain. The court maintained the 2 million-euro ($2.24 million) fine handed to the Argentina player in last year’s trial. Messi’s father, Jorge Horacio Messi, also was convicted of…

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Weak economy a threat to Democracy-Saraki

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Senate President, Dr. Abubakar Bukola Saraki, has called for concerted and united effort by all Nigerians to build a strong economy as a means of sustaining the nation’s democracy. Saraki in a statement by his Special Adviser on Media and Publicity, Yusuph Olaniyonu, in Abuja, to commemorate the 2017 Democracy Day celebration, said the real challenge to the sustenance of the democracy which the country has experienced in the last 18 years was the need for a solid economy that will ensure that the citizens enjoy high standard of living…

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