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Interswitch suspends IPO over forex supply concerns

Interswitch suspends IPO over forex supply concerns

Interswitch Ltd., which processes payments for banks and owns a brand of debit cards in Nigeria, suspended plans to raise as much as $1 billion in an initial public offering as investors fret over further potential weakness in the naira and a shortage of foreign currency.

2017 Budget: Gov Lalong proposes N132.7bn; Gov Ortom, N163.9bn

2017 Budget: Gov Lalong proposes N132.7bn; Gov Ortom, N163.9bn

By Peter Duru & Marie-Therese Nanlong Jos—Governor Simon Lalong of Plateau State, yesterday, presented a budget estimate of N132.7 billion, tagged Budget of Rescue and Confidence Building, to the state House of Assembly for consideration and passage. The estimate is N13.9 billion less than that of 2016 budget, a change Governor Lalong attributed to the […]

Rivers PDP alleges plans by opposition to send threat messages with their numbers

Rivers PDP alleges plans by opposition to send threat messages with their numbers

Peoples Democratic Party, PDP, in Rivers State has raised alarm over alleged plot by opposition politicians in the state to connive with a communication service provider in the country to send bulk sms with phone numbers of PDP chieftains in the state, threatening staff of Independent National Electoral Commission, INEC, to ensure that PDP candidates won the last December 10 re-run elections in the state.

Clark blasts anti-graft agencies, Judiciary

Clark blasts anti-graft agencies, Judiciary

IJAW leader, Chief Edwin Clark, has said that anti-graft agencies in the country will sink the “genuine anti-corruption fight” by President Muhammadu Buhari, unless those heading the agencies live above board.

Group urges creativity among students

Group urges creativity among students

MindAfrica Leadership Initiative, a Port Harcourt-based non-governmental organisation, has called on stakeholders in nation’s educational system to develop the culture of creativity among Nigerian students.

Court orders arrest of Oluwo, Osun monarch over royal tussle

Court orders arrest of Oluwo, Osun monarch over royal tussle

A Chief Magistrate’s Court sitting in Osogbo, Osun State, yesterday issued a bench warrant of arrest against a first class traditional ruler in the state, the Oluwo of Iwo, Oba Abdulrasheed Akanbi, for failing to appear in court over a chieftaincy tussle.

Enugu community threatens war over monarch’s stool

Enugu community threatens war over monarch’s stool

Nineteen out of 30 kindred units in Obuno Ndi Uno autonomous community of Akpugo in Nkanu West Local Government Area of Enugu State have alerted of impending war if the state government goes ahead to impose a traditional ruler in the community.

Distress signals for our democracy

Distress signals for our democracy

THE Rivers State legislative re-run elections conducted penultimate weekend, again, raised concerns about the health of the nation’s democracy.

Leave Chelsea now  – Okocha tells Mikel

Leave Chelsea now – Okocha tells Mikel

Nigeria legend Austin Okocha has urged compatriot John Obi Mikel to seek a new challenge away from Chelsea. The 29-year-old has struggled to break into the Blues first team this season and he is ready to find a new club. The Nigerian international has struggled to command regular playing time under manager Antonio Conte. And […]

Dispora  Nigerians  remit $35bn in 2016— Dabiri-Erewa

Dispora Nigerians remit $35bn in 2016— Dabiri-Erewa

Diaspora Nigerians have remitted over $35 billion back home this year alone, according to the Senior Special Assistant (SSA) to the President on Foreign Affairs and Diaspora Matters, Mrs. Abike Dabiri-Erewa.

Why Igbo are prone to attacks

Why Igbo are prone to attacks

The Sultan of Sokoto, Alhaji Mohammad Sa’ad Abubakar III, has disclosed that the Igbo are subject to attacks in crisis periods because they are visible entrepreneurs located in all nooks and crannies of Nigeria.

Oando completes $115.8m gas, power partial divestment to Helios

Oando completes $115.8m gas, power partial divestment to Helios

Oando Plc has completed partial divestment of its 49 percent equity stake in its midstream business subsidiary, Oando Gas and Power, OGP Limited, worth $115.8 million to Helios Investment Partners , an African-focused private investment firm.