Tag: Nigeria
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Middle East conflict escalation to increase global oil prices, Nigeria Budget Office warns
๐ณ๐ฌ The escalation of the ongoing conflict in the Middle East could spike global oil prices and that could result in slowing down economic growth, Ben Akabueze, the Director General of theย Nigerianย Budget Office of the Federation, toldย Sputnik. ๐ฌ”If the conflict escalates, it might have implications for globalย oilย prices, oil markets, and to that extent,” Akabueze said.…
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Three more African countries withdraw J&J baby syrup after toxicity reports
๐Drug regulators in Zimbabwe, Rwanda and Tanzania have announced the recall of a shipment of Benylin baby syrup made by the US-based Johnson & Johnson unit Kenvue, following similar actions by South Africa and Nigeria over alleged toxicity. Nigeria’s health authority found dangerously high levels of diethylene glycol in children’s cough syrup last week, a…
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Detained Binance executive in court on Nigerian tax, money laundry charges
๐ณ๐ฌ One of the two executives from Binance, the world’s largest cryptocurrency exchange, detained in Nigeria appeared in an Abuja court on Thursday to face tax evasion and money laundering charges. Binance and two of its executives Tigran Gambaryan, a U.S. citizen and Binance’s head of financial crime compliance, and Nadeem Anjarwalla, a British-Kenyan who…
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Nigeria’s tax agency apologises after Easter message outcry
๐ณ๐ฌ Nigeria’s tax agency has apologised over an Easter message that was criticised as offensive and disrespectful by some Christians in the country. The Federal Inland Revenue Service (FIRS) on Sunday shared a post on X saying: “Jesus paid your debts, not your taxes”, local media reported. The now-deleted post was denounced by a number…
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Nigeria’s Dangote oil refinery could accelerate European sector’s decline
๐ณ๐ฌ Nigeria’s giant Dangote oil refinery could bring to an end a decades-long gasoline trade from Europe to Africa worth $17 billion a year, heaping pressure on European refineries already at risk of closure from heightened competition, analysts and traders said. The refinery started production in January and cost $20 billion to build. It can…
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Four women killed in Nigeria cash handout stampede
๐ณ๐ฌ At least four women were killed in Nigeria in a stampede as a crowd struggled to get cash handouts from a businessman, police say. A 17-year-old girl was also injured in the Sunday incident that happened in the north-eastern Bauchi state. The businessman was issuing 5,000 naira ($3) to each recipient to help them…
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Nigeria to Halt Issuance of Mining Licenses Without Local Value Addition Plans, Declares Minister of Solid Minerals Dele Alake
Minister of Solid Minerals, Dele Alake, has declared that Nigeria will cease issuing mining licenses unless applicants provide approved plans for local value addition. This directive encompasses resources such as lithium and particularly gold, emphasizing the necessity for processing within Nigeria to generate “greater value and benefit to local communities”. Additionally, Alake highlighted the importance…
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Islamic Police in Nigeria arrest 11 Muslims caught eating during Ramadan fast
The Islamic police, known as Hisbah, in Nigeria’s northern state of Kano, detained 11 Muslims for breaking the Ramadan fast by eating. Hisbah spokesperson Lawal Fagge reported the arrest of 10 men near markets and a female groundnut vendor caught eating from her wares. The arrests followed tips from onlookers. “We got 11 persons on…
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Undersea cable failures cause Internet disruptions for multiple African countries
Internet connectivity in several African countries was disrupted today, March 14, 2024. Beginning at approximately 05:00 UTC, west and central African countries were most impacted, as was South Africa. Based on published reports and social media posts from impacted network providers, the disruption is believed to be due to multiple undersea cable failures in the…
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They went to school but ended up as hostages. 287 children are missing in Nigeriaโs forests
ABUJA, Nigeria (PA) โ Security forces swept through large forests in Nigeriaโs northwest region on Friday in search of nearly 300 children abducted from their school by motorcycle-riding gunmen in the latest mass kidnapping, which analysts and activists blamed on the failure of intelligence and a slow security response. The abduction of the 287 children in…
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