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Money transfer affects MTN shares

The amount of money which South Africa’s MTN Group is alleged to have illegally moved out of Nigeria could be “outrageously higher” than an originally estimated $14 billion, Bloomberg reported on Thursday, sending its shares to more than six-year lows.

Boko Haram razes village near Chibok

Boko Haram has burnt down a village neighbouring the northeast Nigerian town of Chibok where the group kidnapped over 200 schoolgirls two years ago, local residents said Wednesday.

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