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The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Thursday announced the signing of a settlement agreement facilitating the divestment of ExxonMobil’s stake in Mobil Producing Nigeria Unlimited (MPNU) to Seplat Energy Plc. This comes two years after the divestment plan was announced. The NNPC Ltd., in a statement, said the agreement involved MPNU, Mobil…
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A member of the Presidential Economic Coordination Council, Bismark Rewane, has raised the alarm over the skyrocketing cost of tomatoes in Nigeria. Within a year, the price of tomatoes increased from ₦40,000 to ₦150,000 per basket. Rewane, who is also the Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, made the statement on Wednesday…
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The Federal Government has once again received more voluntary returnees from Sudan amid the ongoing crisis in the country. The voluntary returnees, who arrived via Ethiopian Airlines at the Nnamdi Azikiwe International Airport in Abuja yesterday, were received by the Federal Commissioner for the National Commission for Refugees, Migrants, and Internally Displaced Persons, Tijani Ahmed.…
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The police in Bauchi state have arrested a 49-year-old father accused of attempting to sell his 5-year-old daughter for N1.5 million. The Commissioner of Police in the state, Auwal Muhammad, disclosed this on Thursday in Bauchi at a news conference. Muhammad said the suspect, who claimed to be a staff member of Warji Local Government…
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After taking a tour around the Sabo Yaba market, popularly known as Tejuosho. One can easily understand the reasons why staple foodstuffs have suddenly gone bunkers. With five pieces of tomatoes going for as high as ₦500 the same can be said of red pepper apples and yams. These foodstuffs are the basic necessities in…