Nigeria loses about N127 billion yearly as a result of infractions of the laws, rules and cybercrimes, the Administrator, National Judicial Institute (NJI), Hon Justice Rosaline Bozimo said yesterday in Lagos. She spoke at the opening of the seventh Annual Workshop for Judges on Legal Issues in Telecoms organised by the Nigerian Communications

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The naira closed flat at 470 against the United States dollar on Monday, the same level it recorded on Friday. The naira had plunged to 470 on Wednesday, down from 455 on Tuesday as fresh dollar shortage hit the official and parallel forex markets. The local currency, which had been relatively stable against the greenback, fell last week as fresh

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United Kingdom-based provider of online learning programmes, the University College of Estate Management, is set to train Nigerian construction sector professionals. Officials of the UCEM and CraneswayHoreb Consulting Limited will soon be visiting the country, with a view to recruiting students for degree and masters programmes in building

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Demand for cashew continues to grow, stimulated by its increasing export potential, its rapidly increasing demand as snack and for its nutritional value, among others. Through the African Cashew Alliance (ACA) and the United States Agency for International Development (USAID) partnership with the Nigeria Expanded Trade and Transport

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Nigeria has lost over N2 trillion to militancy and pipeline vandalism since the beginning of the year,  Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Maikanti Baru has said. He said: “Over 7000kpd of crude oil has been lost due to vandalism this year. A bulk of the loss is from JV assets.“This implies that 60 per cent

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There was confusion in the market yesterday as the naira slumped to a new low in both the official and parallel markets, exchanging at N292.90 and N373 to the dollar.The local currency however closed at 292.90 to the dollar on the interbank rate after just one transaction was carried out, with dollar supply drying up and no intervention by the

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The Nigerian Economists Society (NES) has urged the Central Bank of Nigeria (CBN) to review the new foreign exchange (forex) regime, saying some form of managed pegged system is consistent with the structure of the Nigerian economy.NES also warned that the country may slide into depression, saying the flexible forex regime of the

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