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Job: Nigeria, Britain partner to combat unemployment

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The Nigerian government has expressed its willingness to partner with the British Government in tackling unemployment and creating job opportunities for young persons in the country. The Minister of State for Labour and Employment, Dr Festus Keyamo, with the Political Counsellor, British High Commission, Mr Dominic Williams. PHOTO: NAN The Minister of State for  Labour  and Employment, Dr Festus Keyamo, stated this when the Political Counsellor, British High Commission, Mr Dominic Williams, paid him a courtesy visit in Abuja. “We are ready to collaborate with our partners all over the world to open up avenues for job creation. We are open to all kinds of suggestions and levels of co-operation,” he said. He disclosed that the Government has opened up other sectors as part of efforts to diversify the economy from oil, which would, in turn, create room for employment. According to him, part of the efforts of Government to diversify the economy and boost job creation...
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FG, MTN reach out-of-court agreement over $8bn fine by CBN

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The Federal High Court Sitting in Lagos has entered as judgement the out-of-court settlement terms in a suit filed by MTN Nigeria Communications Limited against the Federal Government. MTN had challenged the over $8bn demanded from it by the Central Bank of Nigeria (CBN) over alleged improper dividend repatriations to a foreign country. In the suit, the telecoms firm asked the court to restrain the CBN and the Attorney-General of the Federation (AGF) from imposing punitive sanctions on it. On the other hand, the apex bank had accused MTN Nigeria of forex remittance infractions and demanded that $8.1 billion be returned “to the coffers of the CBN”. When the case came up in court yesterday, MTN’s lead counsel, Wole Olanipekun, informed Justice Saliu Saidu that parties have resolved the dispute amicably. He said the terms of the settlement were filed in court on December 28, 2018. CBN’s counsel, Mr Henry Ejiofor, also confirmed to the judge that both parties have settled o...