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President Muhammadu Buhari on Monday assented to five bills including the Extradition Treaty Amendment Act 2018 which prevents double jeopardy for extradited persons in the country. According to Dailytrust, the assent came 24 hours after the Economic and Financial Crimes Commission (EFCC) announced that it has begun the process for the extradition of Diezani Alison-Madueke, Nigeria’s former Minister of Petroleum, from the United Kingdom.

The Minister of Budget and National Planning, Senator Udo Udoma says Nigeria's current debt profile is not as risky as some economists want Nigerians to believe, as there was still room for the country to borrow more. He explained that the country has one of the lowest debt levels among other African countries.

The Ogun State Governor, Abikunle Amosun has threatened to dump the All Progressives Congress (APC) following delay by the National Working Committee of the party to resolve the controversies that greeted the conduct of primaries in the state.

The Chairman of Special Presidential Investigation Panel for Recovery of Public Property, SPIPRPP, Chief Okoi Obono-Obla on Monday said the governorship candidate of the All Progressives Congress, APC, in Imo State, Senator Hope Uzodinma was granted administrative bail after he developed high blood pressure in detention.

 The Debt Management Office, DMO has revealed the reason why the Federal Government borrowed over N2.32tn in 2017. The DMO in its 2017 Annual Report obtained in Abuja on Monday said the total amount was borrowed from both the domestic and the foreign debt markets.

Teleology Holdings Finally Takes Over Ownership of 9Mobile

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Following approval from the Nigeria Communications Commission (NCCTeleology has formally taken over control of Nigeria’s troubled telecommunication company, 9mobile

The Director-General, Bureau of Public Enterprises (BPE), Mr Alex Okoh has disclosed that about N550 billion was realised from the sale of some of Federal Government’s 142 assets that had been privatised or commercialised.

Okoh stated this on Thursday in Abuja at a news conference on the organisation’s work plan and other initiatives for 2018, according to NAN.

An escalating international trade spat is threatening to cut into profit from the export of US whiskey to Europe, just as business is booming, according to Reuters.

U.S. President Donald Trump on June 1 imposed tariffs for aluminum imports from Mexico, Canada and the European Union. As a result, Spiegel expects his bill for recently-ordered steel fermentation tanks, worth several hundred thousand dollars, to be $50,000 to $60,000 higher.

The Central Bank of Nigeria (CBN) on Thursday, released guidelines for the bilateral currency swap agreement between Nigeria and China. The CBN gave the guidelines in a document signed by its Director, Financial Markets Department, Dr. Alvan Ikoku, and posted on its website. The regulator, in a document titled, “Regulations for Transactions with Authorised Dealers in Renminbi,” said it might conduct bi-weekly trading sessions to ensure liquidity for trade and direct investment between the two countries.

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