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The Nigerian Communications Satellite (NIGCOMSAT) says it has commenced the provision of In-Orbit Test (IOT) service for the Belaruse National System of Satellite Communications and Broadcasting called Belintersat. The Managing Director of NIGCOMSAT, Ms. Abimbola...

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Nigeria’s economic crisis deepens as 74 investors exit stock market

The country’s troubled economy further bled last week as over 74 foreign investors in equities and Government (FGN) Bond markets left its shores. Published data on forex disbursement last week showed that investors divested $6.97 million through Stanbic IBTC Bank Plc, representing over 50 per cent of $12.91 million total funds disbursed by the lender. The foreign investors received their funds...

2016 Budget Implementation will Start In Few Days – Osinbajo

The Federal Government has re-assured Nigerians that the 2016 budget is expected to go into full operations in the next few days. This assurance was given by Vice President Yemi Osinbajo who was a guest speaker at the 12th edition of ‘The Platform’, an annual national discourse put together...

Africa’s Biggest Economy downgraded by Moody’s to B1 from Ba3

Nigeria and Gabon were cut due to “the prospect of lower-for-longer oil prices” The credit ratings of Nigeria and Angola, Africa’s two biggest oil producers, were among four countries downgraded by Moody’s Investors Service, citing the negative impact depressed...

Nigeria begins preparation of 2017 Budget

The Ministry of Budget and National Planning, has said that it has started preparation of the 2017 budget to enhance economic development. This is contained in a statement by Charles Dafe, Director of Information in the ministry, made available to the News Agency of...

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Gene therapy offers hope of blindness cure

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A genetic therapy has improved the vision of patients who would otherwise have gone blind. A clinical study by British scientists has shown that the improvement is long-lasting and so the therapy is suitable...

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Ginger gene helps you to look two years younger

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Ginger people have long been the butt of unfair jokes, but a new study suggests that when it comes to ageing gracefully, they may be having the last laugh. Scientists in The Netherlands have discovered that a gene which keeps people looking young for their age is the same that produces red hair and fair skin. Researchers at Erasmus University in Rotterdam...

Early Retirement May Lead To Dying Early, Study Says

If you are 65 years old and plan to retire, working for a few more years may actually help you live longer, a new study suggests. A team of researchers from Oregon State University has found that retiring early may increase the chances...

Spanking damages Kids’ mental health

Children who are spanked are more likely to defy their parents, behave anti-socially and experience increased aggression and mental health problems. Those are the findings of a new meta-analysis of 50 years of research on spanking carried...

Nigeria has 71% Malaria prevalence, says FCT Health Secretariat

Available Statistics shows average Malaria prevalence of 71 per cent in the country and about 66 per cent in the FCT, according to the Acting Secretary of the FCT Health and Human Services Secretariat, Alice Odey-Chu. Odey-Chu said this...

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PDP mocks Oshiomhole over minimum wage politics

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Nigeria’s leading opposition party The Peoples Democratic Party, PDP, in Edo state has asserted that the state governor, Adams Oshiomhole took politics too far when he announced a minimum wage increase...

PDP Chairmanship: Ex-Aviation minister declares intention

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Former Minister of Aviation, Chief Felix Hyat, on Monday said that he would contest for the chairmanship position of the Peoples Democratic Party (PDP) in Kaduna state. Nationwide congresses of PDP began...

Ekiti Primary School Girl Sues Fayose, Demands Right To Free Education

In a fresh suit filed before an Ekiti State High Court, a pupil of Divine Academy in Ekiti State, Amidat Akingbolu, is seeking a determination of the Court on whether the Ekiti State government is under...

Fulani leader: Past Nigerian governments responsible for herdsmen, farmers’ crisis

Baba Othman Ngelzarma, the National Secretary, Miyetti Allah Cattle Breeders Association of Nigeria, otherwise known as Fulani herdsmen has blamed past governments for the problem between the Fulani pastoralists...

Nigeria seeks N884bn compensation from Shell over 2011 Bonga Oil spills

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President Muhammadu Buhari has authorised that the government of the Federal Republic of Nigeria and Attorney General of Federation and Minister for Justice alongside National Oil Spill Detection and Response...

W. Africa Crude-Market quiet as some buyers push for lower diffs

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* Spot trading slowed as some buyers pressed for lower differentials for Angola’s crude. * Nigerian spot trading was expected to pick up over the coming week now that Indian tenders had been awarded. *...

Oil prices hit new 2016 highs despite lingering excess

* Weakening dollar, falling U.S. output lift market * Venezuela output to fall, state may face default -analysts * Saudi output could hit 10.5 million bpd this summer * Tankers with unsold oil slow to...

W. Africa Crude-Spot deals quicken amid lull in tender action

* Spot trading picked up after Indian refiners awarded their pending tenders. * Demand for Angolan oil was firm, and Sonangol sold its June-loading Dalia cargo. * Interest in Angola’s oil was higher...