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Electricity market liquidity worsens as remittance from DISCOs drops 30 per cent

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Despite the declaration of the contract-based Transitional Electricity Market (TEM) almost two years ago, indiscipline and lack of compliance by operators have worsened the sector’s woes, leading to liquidity challenges and low funds to expand critical infrastructure. This disclosure was made at a stakeholders’ workshop in Abuja, yesterday, where the …

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Miss Anambra Chidinma Cries Out, My blackmailers will kill me if I talk

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Dethroned Miss Anambra, Chidinma Okeke has cried out that those who are behind the release of the sex video that made her give back her crown are threatening to kill her if she reveals their identity. In a released statement, she claimed the plan is to shoot her at a …

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Korea Approves $18m Financial Assistance For Africa’s Economic Transformation

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The African Development Bank (AfDB) and the Korean Ministry of Strategy and Finance have signed an Exchange of Letters announcing Korea’s grant of $18 million to the KOAFEC Trust Fund for the year 2017-2018. The KOAFEC Trust Fund is AfDB’s largest bilateral fund. Under the agreement, Korea will support the …

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Oregon Wildlife Refuge Occupiers In Shock Acquittal

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Seven leaders of an armed militia who led a 41-day stand-off at a US federal wildlife refuge in Oregon have been cleared of the charges against them. The surprise verdict acquitted them of conspiracy and firearms offences. A lawyer for one of the leaders, Ammon Bundy, was tackled to the …

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African migrants ‘missing’ after boat sinks

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The Libyan navy says about 100 migrants are missing after their boat ran into trouble on its way to Europe.  The navy said it was able to rescue only 20 survivors, who were from various African countries.  Their rubber dinghy set off from Garabulli, east of the Libyan capital, Tripoli.  …

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Malawi police warned about on duty WhatsApp use

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Malawi’s police chief has cautioned that there will be consequences for police officers who use WhatsApp and other social media platforms while on duty, the DailyTimes newspaper reports. Inspector General Lexten Kachama said he was worried that some police officers, particularly newly recruited “young girls”, were disregarding their duties and …

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