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US billionaire agrees deal to buy European football giant for $700M

US billionaire Dan Friedkin has agreed a deal to purchase AS Roma, the Italian soccer giant confirmed on Thursday. The Serie A side said formal contracts with Friedkin’s consortium were signed on Wednesday, in a deal worth 591 million euros ($700m). The transaction is expected to be completed by the end of August. Friedkin is the […]

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US lifts global ‘Do Not Travel’ advisory

After more than four months, the US State Department on Thursday lifted its advisory warning US citizens against traveling abroad. The department issued the Level 4: Do Not Travel advisory — the highest level of travel advisory — on March 19, urging US citizens not to travel overseas due to the coronavirus pandemic. However, “(w)ith health and […]

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Michelle Obama blames Trump for her ‘low-grade depression’

Former first lady Michelle Obama says she’s suffering from “low-grade depression” in part because of President Trump. “I’m dealing with some form of low-grade depression. Not just because of the quarantine, but because of the racial strife and just seeing this administration. Watching the hypocrisy of it day in and day out is dispiriting,” Obama said […]

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Mass sack: Pilots, engineers threaten to withdraw services

The National Association of Aircraft Pilots and Engineers (NAAPE), has issued a two-week ultimatum to airlines, who have sacked or plan to sack their pilots and engineers under the guise of COVID-19, to reverse the decision. Its President, Mr Abednego Galadinma, at a news conference on Wednesday in Lagos, said pilots and aircraft maintenance engineers […]

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‘Al-Qaeda penetrating north-west’ – US alerts Nigeria

The United States says the Al-Qaeda insurgent group has started penetrating the north-western part of Nigeria. In recent times, there has been an increase in attacks in Kaduna, Katsina, Sokoto, Zamfara and other north-west states. During a media briefing, Dagvin Anderson, commander of the US special operations command, Africa, said Al-Qaeda is also expanding to […]

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NUC begins assessment of universities ahead resumption in Nigeria

The National Universities Commission (NUC) said it is collecting data from universities to assess their readiness for resumption of academic activities. The commission also said efforts are ongoing to resolve the strike by the Academic Staff Union of Universities’ (ASUU) that threatens to further delay the resumption of academic activities in the universities. The Executive […]

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Nigerian Government raises hate speech fine from N500,000 to 5 million naira

The Federal Government on Tuesday raised the fine for hate speech from N500,000 to 5 million naira, The Punch has learnt. The government also mandated broadcast stations to devote airtime for public education on emergencies such as the COVID-19 pandemic. The Minister of Information, Lai Mohammed, made this known in Lagos on Tuesday while unveiling the Reviewed […]

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Stepping on Powerful Toes Cost Me APC Chairmanship – Oshiomhole

Immediate past National Chairman of the All Progressives Congress (APC), Mr. Adams Oshiomhole, Monday gave an insight into why he lost his seat as the party’s chief superintendent. Fielding questions when he featured on the Morning Show, the flagship breakfast programme of ARISE NEWS Channel, the broadcast arm of THISDAY Newspapers, Oshiomhole said he stepped […]

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Air Peace sacks 70 pilots, cuts salaries by 40%

A Nigerian airline, Air Peace, has sacked over 70 pilots across its fleet. It also reduced staff salaries by up to 40 per cent. A member of the National Association of Aircraft Pilots and Engineers disclosed this to one of Punch correspondents, craving anonymity. The source said the number of sacked pilots was between 70 […]

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School Resumption: Parents decry N25,000 COVID-19 test fee

Some parents of students in private secondary schools in Ogun State on Sunday protested against the N25,000 COVID-19 test fee for each of their children. The government had said no boarding school student would be admitted into schools without a certificate of COVID-19 test which must be negative. The parents on Sunday thronged MTR 250-bed […]

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Nigerian banks raise lending rates to 30 per cent

Customers are paying more on loans and getting less on deposits from commercial banks, a Central Bank of Nigeria (CBN) report has said. They paid between 15.01 per cent and 30.70 per cent on borrowed funds but the interest paid on their term deposits dropped by 1.46 per cent to 6.27 per cent, the CBN’s […]

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China Loan: Nigeria will pay back in 20 years – Amaechi

The Minister of Transportation, Rotimi Amaechi, says the Nigerian government has the capability to pay back loans collected for the construction of rail projects within the stipulated period of 20 years. Mr Amaechi, in a statement on Saturday, said China was the only country giving out loans with a low-interest rate of 2.8 per cent. […]

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COVID-19: Charter airlines defy flight ban, fly rich Nigerians abroad

Some charter airlines have begun offering services to members of the public despite a ban on international flights by the Federal Government due to the COVID-19 pandemic, Sunday Punch has learnt. It was also learnt that some commercial flights that were contracted by foreign missions to evacuate stranded citizens from Nigeria were also being used to convey […]

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I’ll investigate all past, present corruption cases – Buhari

A disappointed President Muhmmadu Buhari spoke on Friday against the backdrop of the ongoing investigation of the affairs of the Niger Delta Development Commission (NDDC) and the Economic and Financial Crimes Commission (EFCC), expressing regrets that some public officials put in positions of trust had abused the confidence reposed in them. He vowed that all […]

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10,835 Lagosians have recovered from Coronavirus – Sanwo-Olu

Lagos State Governor, Babajide Sanwo-Olu on Saturday disclosed that 10,835 people have recovered from Coronavirus within the communities and have been discharged. He disclosed this while giving update on COVID-19 situation in Lagos at the State House, Marina on Saturday. The governor said since the beginning of the virus, Nigeria had seen more than 43,000 infections, […]

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Another Nigerian Governor Recovers From COVID-19

The Ebonyi State Governor, Dave Umahi, has recovered and tested negative for COVID-19. The Governor confirmed this in a statement he personally signed on Friday. He disclosed that his daughter and three of his close aides also tested negative for the virus. The governor thanked God for his recovery and the people of the state […]

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Insecurity: Nigerians know we have done our best, says President Buhari

President Muhammadu Buhari says Nigerians know that his administration has done its best in fighting insecurity. Speaking with state house correspondents after joining his family members and some top government officials to observe the Eid El-Kabir prayers at the presidential villa in Abuja, the president said his administration inherited security challenges. He, however, expressed dissatisfaction […]

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‘I Am Innocent,’ Magu Denies All Allegations Against Him

The suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has given a detailed response and defense of the petitions and allegations leveled against him. In his defense document obtained by Channels Television on Thursday, Magu denied all the claims as untrue and a calculated attempt to tarnish his name. He insisted […]

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