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Punch Newspapers Sections ’Femi Asu Published 12 March 2021 Imports of raw materials into Nigeria rose to N2.32tn last year amid the COVID-19 pandemic from N1.34tn in 2019, according to data from the Nigerian Bureau of Statistics. The NBS said in its latest Foreign Trade Statistics report that the value of total trade in raw material stood at N762.6bn in the fourth quarter of 2020. It said the import component was valued at N715.7bn while the export component stood at N46.9bn. “The value of raw material imports grew marginally by 0.75 per cent in Q4 2020 compared to Q3 2020 but was 113.1...

Punch Newspapers Sections Published 12 March 2021 The city of Minneapolis has reached a $27m settlement with George Floyd’s family just weeks before the trial is scheduled to begin for the former officer charged with his murder. The NBC News states that the City Council unanimously approved the settlement on Friday after adding the matter to its agenda for a closed session Floyd’s family filed a federal lawsuit in July against the city and the four officers involved in the arrest that led to his death. The lawsuit took issue with neck restraints and police policies and training, among oth...

Punch Newspapers Sections Published 11 March 2021 The nation’s bourse on Wednesday overcame its negative posture growing by N128bn following bargain buying in Dangote Cement and Nestle as well as news of approval of demutualisation, the News Agency of Nigeria reported. Specifically, the market capitalisation rose by N128bn or 0.63 per cent to close at N20.37tn against N20.24tn recorded on Tuesday. Similarly, the All-Share Index appreciated by 244.40 or 0.63 per cent to close at 38,931.25 from 38,686.85 achieved on Tuesday. Consequently, the month-to-date and year-to-date losses moderated to...

The World Health Organisation said on Friday that it was aware of blood clot concerns linked to “a specific batch” of AstraZeneca/Oxford COVID-19 v...

Punch Newspapers Sections Dennis Naku, Port Harcourt Published 12 March 2021 A High Court sitting in Port Harcourt, Rivers State, has jailed one Chief Vincent Nnamdi-Otto for one month for contempt of court Nnamdi Ototo, a monarch, while responding to cross examination from the witness box on a disputed land suit, raised his voice at the presiding judge, requesting to know his interest in the matter. The monarch, while further responding to question on if he was aware of an interim order of injunction restraining him from interfering with the land in dispute at Elelenwo, near Port Harcourt, ...