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Seme Customs Refutes Misleading Reports on Border Operations
The Seme Area Command of the Nigeria Customs Service (NCS) has dismissed online reports misrepresenting its activities along the Seme corridor, describing them as baseless and inconsistent with its operational procedures. The Command urged the public to disregard the publication, stressing it does not reflect realities on the ground. In a statement signed by the…
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Australian Pension Fund Cbus Fined Over $15 Million for Delays in Death and Disability Claims
Australia’s Federal Court has ordered the Construction and Building Unions Superannuation Fund (Cbus) to pay a penalty of A$23.5 million ($15.17 million) for systemic failures in processing death and disability insurance claims, highlighting the importance of timely claims handling in the superannuation sector. Background of the Penalty The fine was imposed on United Super, the…
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Poland’s Antitrust Watchdog Investigates Apple Over Privacy Policy and Competition Concerns
Poland’s anti-monopoly office, UOKiK, has launched an investigation into Apple Inc. (AAPL) to determine whether its privacy policies are restricting competition in the mobile advertising market. The inquiry focuses on Apple’s App Tracking Transparency (ATT) framework, introduced in iOS 14.5 and subsequent versions, which limits third-party apps from collecting user data for personalized advertising. Concerns…
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UK Financial Sector Faces Challenges in Preparing for New T+1 Settlement System
The United Kingdom’s financial sector is making slow but steady progress in preparing for the implementation of the T+1 settlement system, which will halve the settlement time for securities transactions from two business days to one. However, a recent survey shows that a significant portion of financial firms expect to miss key preparatory deadlines, raising…
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Pastor Advises Congregants to ‘Get Fortified’ Amid Rising Bandit Attacks
A viral TikTok video shows Pastor Oloruntimilehin Daramola advising his congregation to “get fortified” to protect themselves from Nigeria’s growing wave of attacks. The clips, shared via the account @kingbosoro, feature the preacher in a purple robe and cap, wearing a cross pendant. In the video, the pastor, who identifies as the Founder of The…
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European Shares Show Limited Movement as Investors Await U.S. Economic Data
European stock markets remained largely subdued on Tuesday, as investors exercised caution ahead of key U.S. economic data releases. The cautious mood comes amid rising expectations of potential interest rate cuts by the Federal Reserve, with traders eager to assess how the U.S. economy is performing post-government shutdown. European Market Overview The pan-European STOXX 600…
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SERAP: DSS Unlawfully Invaded Our Abuja Office
The Socio-Economic Rights and Accountability Project (SERAP) has reiterated that the Department of State Services (DSS) unlawfully entered its Abuja office on September 9, 2024, dismissing claims that its deputy director “admitted to no invasion” as false. In a statement on Tuesday, SERAP stressed: “We stand by our statements on oath, statements of defence, and…
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Global Stocks Rise as Federal Reserve Rate Cut Expectations Increase; Dollar Remains Steady
Global stock markets saw gains on Tuesday as investors responded to growing expectations of a Federal Reserve interest rate cut in December. The positive sentiment fueled a surge in technology stocks, highlighting optimism about continued growth in the AI-driven tech sector. Rising Optimism for a Fed Rate Cut Federal Reserve officials have signaled that a…
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Apple Announces Job Cuts Across Sales Teams to Enhance Customer Engagement
Apple Inc. (AAPL) has announced job cuts across its sales teams, part of a broader initiative to strengthen customer engagement and optimize its workforce. While the layoffs will impact a relatively small number of roles, the tech giant emphasized that it continues to hire in other areas, providing opportunities for affected employees to transition into…
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Oshiomhole: If Atiku Couldn’t Build PDP, He Can’t Fix Nigeria
Senator Adams Oshiomhole, former national chairman of the All Progressives Congress (APC) and current lawmaker representing Edo North, has questioned former Vice President Atiku Abubakar’s capacity to govern Nigeria. Speaking on Channels Television’s Politics Today, Oshiomhole argued that Atiku’s failure to stabilise and lead the Peoples Democratic Party (PDP) disqualifies him from claiming he can…
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