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Briton wins 2015 Nobel Prize for Economics

British-born economist Angus Deaton won the 2015 economics Nobel Prize for “his analysis of consumption, poverty and welfare”, the Royal Swedish Academy of Sciences said on Monday. The academy said that Deaton’s work had been a major influence on policy making, helping for example to determine which social groups are …

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UK crime agency obtained clearance to seize £27,000 cash from Diezani – Court hears

Britain’s National Crime Agency (NCA) obtained court permission, Monday, to temporarily seize £27,000 from former Nigeria’s Petroleum Minister, Mrs Diezani Alison-Madueka who is embroiled in a financial scandal, a court official in London said, Tuesday. Nigerian authorities confirmed the arrest in London of Diezani Alison-Madueke, who served as oil minister …

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3 scientists win 2015 Nobel Prize for medicine

Three scientists from Japan, China and Ireland whose discoveries led to the development of potent new drugs against parasitic diseases including malaria and elephantiasis won the Nobel Prize for Medicine, Monday. Irish-born William Campbell and Japan’s Satoshi Omura won half of the prize for discovering avermectin, a derivative of which …

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Commodity exporters yet to feel effects of lower prices — IMF report

Economic growth in commodity-exporting countries is likely to slow more amid expectations for further weakness in commodity prices, particularly of energy and metals, the International Monetary Fund (IMF) says in a new study. “A significant deceleration in growth rates is unavoidable for many (commodity-exporting) economies,” the IMF study said. The …

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Commodity exporters yet to feel effects of lower prices — IMF report

Economic growth in commodity-exporting countries is likely to slow more amid expectations for further weakness in commodity prices, particularly of energy and metals, the International Monetary Fund (IMF) says in a new study. “A significant deceleration in growth rates is unavoidable for many (commodity-exporting) economies,” the IMF study said. The …

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Hajj stampede: Buhari directs NAHCON, embassy to account for all Nigerian fatalities; as S/Arabia issues more images of victims

The death toll from last Thursday stampede in Mina, Mecca which claimed the lives of 769 Muslims, including 54 Nigerians, could be higher than earlier thought as Saudi Arabia has released to foreign diplomats over 1,000 photographs of the dead from the mishap. This is just as President Muhammadu Buhari, …

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