Day: January 8, 2019

Three journalists shot at APC rally in Lagos

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A rally organised for the governorship candidate of the All Progressives Congress in Lagos, Babajide Sanwo-Olu, went bloody as three journalists we’re shot. The rally was held at Skypower field, Ikeja, Lagos. Among those that were hit by the gun was the group political editor of Nation newspaper, Emmanuel Oladesu, NewsTelegraph correspondent, Temitope Ogunbanke, Ibile Television cameraman, Abiodun Yusuf, among others. A number of persons were also injured, robbed and beaten at the rally. Trouble started at about 1:30 pm when Lagos governor, Akinwunmi Ambode was delivering his speech. Suspected…

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Union Bank gives Succor to the Underprivileged

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Union Bank, through its UnionCares initiative, provided relief for thousands of the underprivileged by donating over 6,000 care bags containing staple food items. The campaign, now in its third year, is co-funded by Union Bank and its employees. The bags containing nutritional staples included rice, beans, oil, salt and readymade stews. In various parts of the country, the Bank’s employees were seen handing out the bags to people in underserved communities. The Bank also made financial donations to over 30 orphanages, care homes and NGOs including Wesley Schools for the…

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$1 Trillion Is Leaving Britain Because of Brexit

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Brexit hasn’t happened yet but it’s already shrinking the United Kingdom’s financial services industry. Banks and other financial companies have shifted at least £800 billion ($1 trillion) worth of assets out of the country and into the European Union because of Brexit, EY said in a report published Monday. Many banks have set up new offices elsewhere in the European Union to safeguard their regional operations after Brexit, which means they also have to move substantial assets there to satisfy EU regulators. Other firms are moving assets to protect clients…

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FIRS Breaks All-time Record, Generates N5.3trn In One Year

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Federal Inland Revenue Service (FIRS) has broken Nigeria’s all-time revenue generation record, after generating N5.3 trillion in 2018. In Nigeria, FIRS highest revenue generation was previously recorded in 2012, when the agency generated N5.07 trillion. Tunde Fowler, FIRS chairman, who announced the 2018 record said the cost of collection as a percentage of actual taxes collected has been reducing, as the government is generating more at a time when oil prices are low. “While we have been steadily increasing revenue collection over the years, our cost of collection has actually…

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78- year-old woman raped by bus driver in Lagos

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41-year-old commercial bus driver, Jelili Lawal, has been arrested by the operatives of the Lagos State Police Command for allegedly raping a 78-year-old woman in the Adeniyi Jones area of Ikeja, Lagos State. The septuagenarian, who was going to her place of residence in the Ketu area of Lagos, was said to have missed her way before Lawal offered her a lift to her destination. The Lagos State Commissioner of Police, Edgal Imohimi, said at a press briefing on Monday that the woman, who was delighted at Lawal’s offer, never…

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