World Bank Raises the Alarm Over Nigeria’s N6.7trn Annual Fuel Subsidy

Scott Matthew

Global lender Warns country of Looming Insolvency   The World Bank, for the umpteenth time on Wednesday, warned that Nigeria is currently on life-support with death imminent if it chooses to sustain the current subsidy on petroleum products. Platforms Africa reports that this came against the backdrop ofthe Nigerian Government’s projection to spend N6.7trillion on petrol subsidy payments in 2023, The global lender said this through Rajul Awasthi, senior public sector specialist, domestic resource mobilisation, who spoke at a virtual pre-summit themed: Critical Tax Reforms for Shared Prosperity, an event organised by the Nigerian Economic Summit Group (NESG).…

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Keagborekuzi I; Meet Nigerian Who Became World’s Youngest King At Age Two

Ganiyu Amodu

Many children at age two would be playing games or having fun with other kids but not for Benjamin Ikenchukwu Keagborekuzi I. At that tender age, he had been crowned king or Dein of the Agbor Kingdom, a Nigerian traditional state in Delta State, Nigeria. Born on June 29, 1977, Keagborekuzi I also set a record as the youngest monarch in the entire world at his installation in 1979. His installation at just 28 months old, which was recorded in the 1981 edition of the Guinness Book of World Records,…

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World Cup Start Date To Be Changed By FIFA Months Before Qatar 2022 Tournament

Ganiyu Amodu

FIFA are set to confirm that this year’s World Cup finals in Qatar will start one day earlier to allow the host nation to kick-off the tournament against Ecuador. The start date of the 2022 FIFA World Cup is set to be moved forward by one day to allow hosts Qatar to be involved in the first match. The tournament had originally been scheduled to get underway on Monday 21 November with African champions Senegal taking on The Netherlands in Group A. However, FIFA now plans to move host nation…

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Why We‘re Suspending Flight Operations To Johannesburg – Air Peace

Ganiyu Amodu

Nigeria’s largest private airline, Air Peace has announced its suspension of flight operations from Nigeria to Johannesburg, South Africa. The airlines noted that the suspension was prompted by delays in visa approvals and aviation kerosene, also known as Jet A1 fuel scarcity. The suspension according to the company will last for 47 days, starting from August 22 to October 8, 2022, pending the outcome of the development. READ ALSO: Africa’s Aviation in Turbulence, Bumpy Flights Fire Outbreak At EKEDC Power Station In Lagos Island Benzema Is UEFA Champions League Player…

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Benzema Is UEFA Champions League Player Of The Season

Abibat Babalola

15 classical goals, two scintillating assists; How why the Real Madrid superstar was crowned the very best in Europe club football Rather unsurprisingly, Karim Benzema has won the 2021/22 UEFA Champions League player of the season award. The forward was in career-best form last season, scoring 15 goals and nabbing two assists as he inspired Real Madrid to their 14th UEFA Champions League triumph. READ ALSO: 16-Year-Old Wonderkid Scores 9 A1 In WAEC, 331 In JAMB Exams NCC ​Remittances To Federation Account Hit N463bn In 5 Years Ikeja Electric, Inks…

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16-Year-Old Wonderkid Scores 9 A1 In WAEC, 331 In JAMB Exams

Abibat Babalola

Imo OAP Amb Pope Saviola Godwyn has taken to social media to celebrate his 16-year-old mentee who aced the 2022 West African Examinations Council (WAEC) exams and Joint Admission and Matriculation Board (JAMB) exams. The wizkid named Uchegbu Obinna John-Paul from Imo state scored 9 A’s in WAEC and recorded 331 in JAMB. Showering encomiums on his mentee, Saviola who shared his results and pictures on Facebook described Obinna as a brainiac and urged netizens to join in celebrating him. READ ALSO: No BSc, No MSc, Nigerian HND Holder Gets…

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How 12-Year-old Killed Nigerian Mother In US

Ganiyu Amodu

A 12-year-old Nigerian boy has killed his mother, Ayobiyi Cook, at their home in Forestdale, Alabama, United States. According to CBS News, the boy “accidentally discharged a firearm” which struck and killed his 29-year-old mom on Monday. His father, Djuan, a policeman, was said to be at work when the incident happened. A statement from the Jefferson County Sheriff’s Office revealed that the boy had initially lied to detectives about the cause of his mother’s death after cops arrived at the scene some minutes past midnight. He was reported to…

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Ikeja Electric, Inks 24 Hours Power Supply Deals With Enaro Energy, Ayobo Community

Ganiyu Amodu

Ikeja Electric Plc said on Wednesday that it has signed a Tripartite Interconnected Mini-Grid Agreement with Enaro Energy Limited and Ayobo community, to provide reliable and uninterrupted electricity supply to Ishokan Phase1 Estate, Mercy Land Estate and Mercy Land Phase1 residents in Ayobo, Lagos State. The initiative, according to a statement sent to Platforms Africa, is in line with the Nigerian Electricity Regulation Commission goal of ensuring there is reliable and steady power supply across communities in the country through partnerships between Distribution Companies and Independent Power generators. READ ALSO:…

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Broadband Penetration hits 44.5% as NCC reviews Short Code services

Aliyu Aliyu

Nigeria’s broadband usage has continued on the rise, moving up from 40.9 per cent in February 2022 to 44.5 per cent in July 2022, a figure considered hopeful for achieving the national broadband target of 70 per cent in 2025. Executive Vice Chairman and Chief Executive Officer of the Commission, Prof. Umar Danbatta, who disclosed this earlier today (August 9, 2022) at the beginning of a three-day public inquiry on five telecom regulations and guidelines which began in Abuja, said emerging technologies and advancements in the sector demand that the…

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