Month: January 2017

CBN, others given a week ultimatum to account for $22.6billion oil blocs

The House of Representatives Ad-hoc Committee on Oil Prospecting Licences (OPLs) and Oil Mining Leases (OMLs), yesterday, gave the Central Bank of Nigeria (CBN) and others a week ultimatum to provide all relevant documents to ascertain the payments of about $22.6 billion oil blocs from application fees, royalties, signature bonuses and other fees by oil… Read More CBN, others given a week ultimatum to account for $22.6billion oil blocs

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Two dead, three injured after Yemeni Houthis attack Saudi Arabia warship

The armed Houthi movement attacked a Saudi warship off the western coast of Yemen on Monday, causing an explosion that killed two crew members and injured three others, Saudi state news agency SPA reported. Separately, the Houthis said they launched a ballistic missile at a Saudi-led coalition military base on the Red Sea island of… Read More Two dead, three injured after Yemeni Houthis attack Saudi Arabia warship

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Japanese trust banks to sue Toshiba over accounting scandal

Japanese trust banks are preparing to sue Toshiba Corp. over its 2015 accounting scandal, a fresh headache for the conglomerate as it scrambles to offset a separate imminent multi-billion dollar writedown. The news follows an announcement by the struggling conglomerate on Friday that it will sell a minority stake in its memory chip business to… Read More Japanese trust banks to sue Toshiba over accounting scandal

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Judge issues temporary halt on President Trump’s immigrant deportation order

A U.S. judge has issued a temporary halt to the deportation of visa holders or refugees stranded at airports after President Donald Trump issued an order barring entry to them for 90 days. The American Civil Liberties Union (ACLU) filed a case in response to the order issued on Friday. It estimates that 100-200 people… Read More Judge issues temporary halt on President Trump’s immigrant deportation order

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