Tag: Money
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Money, Money Everywhere & Yet More Debt, By Henry Boyo
By Henry Boyo The IMF Country Chief, Amine Mati, who spoke last Thursday (November 8, in Abuja, at the presentation of the Regional Outlook for Sub-Saharan Africa, 2018), was clearly concerned that, despite Nigeria’s very precarious 1.9 percent projected growth rate for 2018, and a debt to GDP ratio between 20-25 percent, Nigeria however, is…
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Men now date women for money- Ini Edo
Sensational actress, Ini Edo is back from her acting hiatus and ready to unveil her collaborative movie with Uche Jumbo titled ‘Heaven on my mind’. The Special Assistant to the Akwa Ibom State Governor on Culture and Tourism noted that men now date women for money, adding that the issue has to be addressed. “Men…
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“How banks make free money from government funds”
BY HENRY BOYO In an address to Pressmen about 5 years ago, in Abuja, Lamido Sanusi, who was CBN Governor (2009-2014), unexpectedly, decried the prevailing monetary framework which made it possible for banks to make free money from their portfolio of government funds. Although this writer has consistently condemned this obvious rip-off, in several articles,…
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Smart ways to keep money safe when travelling solo
Solo travellers are more likely to get targeted by thieves than those travelling as a group. For this reason, it’s important to keep your money safe when travelling. Jumia Travel, the leading online travel agency, shares tips for warding off the pickpockets and burglars.In addition, Trip Indicator can also expose you to the technological advancements…
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I have been making money after leaving Five Star Music- Harrysong
‘Aranbanko’ crooner , Harrysong has revealed that he has been succeeding since his unceremonious exit from Five Music. Recall that the self-proclaimed ‘Mr songz’ left the record label under contentious circumstances in 2017, going on to set up his own outfit, Alter Plate. Speaking in a chat with Hip TV, he said: “It’s been amazing…
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Six agencies working to recover JAMB’s stolen money – Oloyede
The Registrar of the Joint Admissions and Matriculation Board, Prof. Ishaq Oloyede, has said no fewer than six federal agencies are helping the examination body to recover its money allegedly stolen by some of its officials. The agencies, according to Oloyede, are the police, the Economic and Financial Crimes Commission, the Nigeria Security and Civil…
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We don’t have enough money to fund our activities – Saraki cries out
Senate President, Dr. Bukola Saraki, has said contrary to popular perceptions that the National Assembly shares a major chunk of the national budget, the national parliament is actually grappling with funding constraints in carrying out its statutory functions. Saraki, in a statement by his Special Assistant on Print Media, Chuks Okocha, stated this when he…
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13bn Ikoyi loot: Bank kicks as EFCC seeks forfeiture of apartment where money was hidden
The Economic and Financial Crimes Commission (EFCC) on Wednesday urged the Federal High Court in Lagos to order the forfeiture of Flat 7B in Osborne Towers, Ikoyi to the Federal Government. Counsel to the anti-graft agency, Mr Rotimi Oyedepo, prayed the court to refuse an application by Union Bank of Nigeria Plc which seeks to…
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Angolan president urges officials to repatriate overseas money
Angolan President Joao Lourenco has urged government officials to repatriate their money in overseas accounts back to the homeland by the beginning of 2018, local media reported on Thursday. He made the remarks on Wednesday as vice president of the ruling MPLA party at a seminar on fighting corruption crimes. Lourenco said that those who…
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N13bn Ikoyi loot: Bank claims ownership of apartment where money was hidden
Union Bank of Nigeria Plc has claimed ownership of Flat 7B in Osborne Towers, Ikoyi, where large sums of money were found. The sums found in the flat, which were forfeited to the Federal Government on June 6, are $43,449,947 (about N13billion), N23, 218,000 and £27,800 (about N10.6milion). In its pending application, the bank is…