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The General Overseer of the Prayer Centre Church of God (PCCG), Samson Oluwamodede, has asked Nigerians not to despair amidst the current economic crisis. Oluwamodede said “no one should yet give up on the current state of things in the country”, revealing that the country would undergo a transformation from bad to good, particularly in its economy. While prophesying an economic boom for the country over the weekend, the Akure-based cleric said the Holy Spirit...

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The state governors, in consultations with the national economic council (NEC), are aware of withdrawals from the excess crude account (ECA), according to the minister of finance, budget, and national planning, Zainab Ahmed. The minister disclosed this on Wednesday at the end of the federal executive council (FEC) meeting presided over by President Muhammadu Buhari. She said the governors, who are joint owners of the accounts, were aware of the withdrawals. The minister explained that...

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Nigeria is staring down the barrel of financial bankruptcy.   A bizarre situation is playing out in Nigeria. If you fix your attention on the political space, things have never been more stable. The major political parties have picked their candidates for next February’s all-important presidential election, who in turn have selected their running mates. From this angle, as the commentariat picks over the bones of the “Muslim-Muslim ticket,” the most urgent consideration is the...

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Zimbabwe has launched gold coins to be sold to the public in a bid to control the soaring inflation that has considerably weakened the local currency. The unprecedented move was announced on Monday by the country’s central bank, the Reserve Bank of Zimbabwe (RBZ). RBZ announced on Monday, 4 July 2022 that it plans to sell gold coins to the public from July 25 as a store of value to stabilise the nation’s tumbling currency...

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ABUJA — The Amalgamated Commercial Tricycle and Motorcycle Owners, Repairs and Riders Association of Nigeria (ACOMORAN) have warned that the idea of banning the use of motorcycles nationwide by the Federal Government would be counter-productive. Recall that the Federal Government, after its Security Council meeting on July 21st, 2022, gave an indication that it might be compelled to ban the use of motorcycles and mining activities as it had been discovered to be major means...

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AWKA — Anambra State House of Assembly has during the plenary today, approved Governor Soludo’s N100 billion loan request. This is coming after the House Committee on Public Accounts chaired by Hon. Somto Udeze had interfaced with Commissioner for Budget and Economic Planning and Commissioner for Finance, demanding explanations as to where the loan would be invested, among other things. Ifeatu Onejeme and Chiamaka Nnake, Finance Commissioner and Budget and Economic Planning Commissioner spent several...

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By Handel Patrick (Staff Reporter)   The Independent Petroleum Marketers Association of Nigeria (IPMAN) has lamented the excessive taxes being by its members in the south-eastern states. The Chairman of IPMAN, Enugu Depot Community in charge of Anambra, Ebonyi and Enugu state, Mr Chinedu Anyaso, alleged that governors in the South East were not interested in the functionality of depots, but rather on taxing IPMAN members. Speaking during an emergency meeting in Anambra on Wednesday,...

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AWKA — Anambra State lawmakers are now set to interrogate Governor Soludo’s loan request, in which the governor is seeking the nod of the House to borrow N100 billion, to help with funding the 2022 revised budget which has just been approved for the governor by the House. The Commissioner for Budget and other relevant government agencies and officials will be meeting with the House Committee on Public Accounts chaired by Hon. Somto Udeze, to...

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Chairman of Aliko Dangote Group, Aliko Dangote, is now the 63rd richest billionaire in the world, according to the latest ranking by Bloomberg. In the ranking released on Wednesday, July 13, the Chief Executive Officer of Tesla, Elon Musk, was listed as the richest billionaire in the world, as of Monday, July 11. The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. According to the financial, software, data, and media company...

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LONDON, July 13, 2022 (GLOBE NEWSWIRE) — Perfect Moment, luxury fashion and sportswear brand, today announced that Priyanka Chopra Jonas, the award-winning actor, producer, philanthropist, activist, and entrepreneur and Nick Jonas, the multi-platinum and Grammy-nominated recording artist, song-writer and actor, have partnered with Perfect Moment as investors. This is the first time the couple have entered into a business partnership together within the fashion industry, combining their entrepreneurial expertise and passion for skiing and the...

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