Month: December 2020

NCDMB offers $30m loans, crashes interest rate to 8% for local oil firms

ADEOLA YUSUF

NCDMB offers $30m loans, crashes interest rate to 8% for local oil firms     The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) on Monday signed an agreement on US$30m Working Capital Scheme that will support the operations of oil companies against the adverse effects of COVID-19 Pandemic and loss of contracts due to low oil price. The Executive Secretary of NCDMB, Engr. Simbi Kesiye Wabote and the Chairman of PETAN, Mr. Nicolas Odinuwe signed the Memorandum of Understanding (MoU) on the…

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104m Nigerians to be extremely Poor by 2022–World Bank

ADEOLA YUSUF

  Why 20m more Nigerians’ll sink into extreme poverty by 2022 – World Bank   The World Bank projects that the number of poor people in Nigeria will increase by 20 million by 2022. With that number, the number of extremely poor Nigerians will become 104 million in the next two years. According to the bank’s Nigeria Development Update (NDU), an average Nigerian may witness a setback of decades of economic growth and the country could enter its deepest recession since the 1980s. Shubham Chaudhuri, the bank’s country director for…

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547 Benin Republic School Pupils Raped, impregnated during Lockdown -Report

ADEOLA YUSUF

  547 pregnancies were recorded in secondary schools of Benin’s northeastern department of Borgou during the 2019-2020 school year, the Beninese news agency, ABP has reported. ABP quoted Thomas Adam, a Representative of the child protection department of Secondary education and professional and technical training ministry that more cases were recorded this year against 2018-2019. “Altogether, 547 out of 36,487 school girls regularly registered were pregnant during the 2019-2020 school year as against 431 cases in 2018-2019,” Adam said. Adam attributed the increase in the cases of pregnancies to the long…

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How Nigerian Petroleum Ministry Staff paid Self N145m — Report

ADEOLA YUSUF

  The Nigerian Senate, based on a report, has unravelled how a Management staff of the Ministry of Petroleum Resources paid N145 million media campaign fund on the Petroleum Industrial Bill to himself instead of awarding the contract to competent and technically experienced companies. The allegation was contained in the 2015 Auditor General Report, which was submitted to the Senate Committee on Public Account, chaired by Senator Mathew Urhoghide. The query reads: “The total sum of N145 million was approved by the Ministerial Tender Board and paid to a management…

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Head of Nigeria’s COVID-19 Task Force, Wife quarantined

ADEOLA YUSUF

  Some household members  of the Secretary to the Government of the Federation, SGF Boss Mustapha have tested positive for COVID 19. The SGF disclosed this in a statement  he personally signed Sunday. Mustapha who is also the Chairman, Presidential Task Force, PTF on Covid-19 said he has gone into self -isolation. He said, “My wife and I tested negative, but will remain in self-isolation and work from home according to protocols by the health authorities.” Mustapha’s statement reads thus: “I would like to inform the general public that some…

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NLNG inks Deals with Bonny Kingdom, Julius Berger for historic Consulate  

ADEOLA YUSUF

Nigeria LNG Limited (NLNG) has signed a Memorandum of Understanding with Bonny Kingdom and Julius Berger Nigeria Limited (JBN) for the reconstruction of the Bonny Consulate Building, a 19th century historic landmark in Bonny Kingdom. The MoU was signed in Bonny by NLNG’s Managing Director/Chief Executive Officer, Engr. Tony Attah on behalf of the company and JBN’s Managing Director, Dr. Lars Richter on behalf of JBN in the presence of the Amanyanabo of Grand Bonny Kingdom, His Majesty, King Edward Asimini William Dappa Pepple III, JP, CON, Perekule XI. The…

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Lagos Governor Sanwo-Olu contracts COVID-19

ADEOLA YUSUF

Following Lagos State Governor Babajide Sanwo-Olu’s exposure to a confirmed case of COVID-19, a PCR test performed on Friday, the 11th of December, has confirmed that he has indeed been infected with the virus, the Honorable Commissioner for Health in the state, Prof Akin Abayomi, has said. The infection contracted by the Governor is, according to Abayomi, supported by mild symptoms and fatigue typical of a mild case of COVID. “Mr. Governor is receiving treatment and is being closely monitored at home by the very experienced State COVID-19 clinical team…

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How Nigerian Popular Socialite, Dapo Ojora, Committed Suicide + PHOTOS

ADEOLA YUSUF

  Dapo Ojora, a Nigerian socialite and one of the sons of boardroom guru, Otunba Adekunle Ojora and his wife, Erelu Ojuolape Ojora, is dead. According to sources, Dapo, a polo buff and in-law to the country’s ex-Senate President, Bukola Saraki, reportedly shot himself in the head Friday evening. Dapo’s strange death came as a rude shock to many who could not fathom the reason he would take his own life in such a gruesome manner. Couple of years back, Dapo mysteriously escaped death via a ghastly power bike accident,…

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How Nigerian Popular Newspapers’ Publisher, Nda-Isaiah, died – Family

ADEOLA YUSUF

  Popular Nigerian newspaper publisher and polirician, Chairman of LEADERSHIP Newspaper, Sam Nda-Isaiah, is dead. Nda-Isaiah’s family, which announced this on Saturday morning, gave details of how the politician died in Abuja, administrative capital of Nigeria. Mr Nda-Isaiah’s newspaper, LEADERSHIP, in a report Saturday morning, quoted his family as saying, “We are deeply saddened to announce the news of the passing of the chairman of LEADERSHIP Group/National Economy, Mr. Sam Nda-Isaiah. “He died in Abuja on Friday night, after a brief illness. Nda-Isaiah was a family man, a serial entrepreneur…

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US Supreme Court Thrashes Trump-Backed Election Lawsuit

ADEOLA YUSUF

  The US Supreme Court has rejected an unprecedented attempt to throw out election results in four battleground states that was backed by President Donald Trump. The lawsuit, filed this week by the state of Texas, sought to invalidate results in Georgia, Michigan, Pennsylvania and Wisconsin, reports the BBC. President-elect Joe Biden won all four. The lawsuit was supported by 19 state attorneys general and 127 Republican members of Congress. President Trump has made repeated unsubstantiated claims that “illegal votes” cost him re-election. The Supreme Court ruled that Texas did…

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