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Punch Newspapers Sections Published 12 March 2021 THE House of Representatives has summoned the new Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, to come forward and explain the circumstances surrounding the transfer of some forfeited assets to the Office of the Attorney General of the Federation. Also to appear before an ad hoc committee of the House set up to compile and review projects and fixed assets belonging to the Federal Government across Nigeria, are the Minister of Justice and Attorney-General of the Federation, Abubakar Malami (SAN); and Minister of ...

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...