Day: March 24, 2021

Nigeria secures $1bn Afreximbank loans for Port Harcourt refinery’s repair

Efe Wellington

  Here is Mele Kyari’s account of real reason Nigeria preferred $1.5bn PH refinery repair to new refinery’s construction   African Export-Import Bank (Afreximbank),  as a reliable lender, has agreed to raise $1billion out of the $1.5 billion for the rehabilitation of the Port Harcourt refinery. Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, who disclosed this, described the recently approved rehabilitation exercise of the 210,000 barrels per day capacity Port Harcourt Refinery as a worthy undertaking embarked upon after diligent consideration and in strict adherence to industry…

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77 year-old Denis Nguesso re-elected after 36 years as Congo’s President

Aliyu Aliyu

  Denis Sassou Nguesso, incumbent president, described by Voice of America (VOA) as Veteran President of the Republic of Congo, has been re-elected into office. According to provincial election results announced on Tuesday, Nguesso won 88.57 percent of the votes. The 77-year-old who has been tagged veteran President has ruled the nation for a total of 36 years, since first taking power in 1979 — he retained his office in 1997 after losing the country’s first multi-party election five years before. His wide-margin victory was not unexpected, considering that the…

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Bank CEO in Trouble, Caught Violating Wife In Viral Video + PHOTOS

Aoko Benjamin

  A man identified as Ronald Mutandagay, who is theGroup Chief Executive Officer of Zimbabwe Bank (ZB) Financial Holdings Group, has taken a leave of absence after a video of him assaulting his wife went viral on social media. In the clip which was reportedly recorded by his 16-year-old daughter, Mutandagayi can be seen chasing his estranged wife and striking her in the face. The blow that was landed brought Mutandagayi’s wife falls to the ground. The video incited widespread outrage and the board of the financial services group is…

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US may reconsider AstraZeneca vaccine efficacy trial data

Wonuola Olujobi

  Data and Safety Monitoring Board said in a statement that it was concerned that AstraZeneca may have provided an incomplete view of the efficacy data   Results from a US trial of AstraZeneca’s COVID-19 vaccine may have used “outdated information,” US federal health officials said on Tuesday. The Data and Safety Monitoring Board said in a statement that it was concerned that AstraZeneca may have provided an incomplete view of the efficacy data. AstraZeneca reported Monday that its COVID-19 vaccine provided strong protection among adults of all ages in a long-anticipated…

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Nigeria’s GTBank Mulls Expansion, Acquisition of Kenyan Lender

Precious Ibekwe

  Guaranty Trust Bank Plc, Nigeria’s biggest lender by market value, plans to acquire a Kenyan lender as part of its expansion on the continent, according to the managing director, Bloomberg has reported. “I think the place we will still like to do business or do an acquisition is Kenya,” Segun Agbaje, the lender’s chief executive said at an investor call in Lagos, without giving a time-line for the acquisition. The Lagos-based lender already has offices in 10 countries outside Nigeria including Kenya. It wants to increase the contribution of…

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Meet Ibiyinka Fuwape, Nigerian female Professor who won AU top Science Award

Aoko Benjamin

  Here are details of science discovery by the Nigerian female Professor of Physics that won her AU highest Science Award A Nigerian female Professor of Physics, Ibiyinka Fuwape, has won African Union Award instituted in honour of African scientists for achievements and discoveries in science, technology, and innovation. Prof Fuwape, currently Vice Chancellor of Michael and Cecilia Ibru University, Agbarha-Otor, Delta State, also heads the Condensed Matter Research Group, domiciled at Federal University of Technology, Akure. She won the AU Award for her outstanding contributions to cutting edge research…

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Fuel supply to Nigeria’s 19 Northern States threatened – Depot owners

Aliyu Aliyu

  The seamless supply of petroleum products to all the 19 states in Northern Nigeria is under threat. A group of depot owners and fuel marketers in the country which stated this during a Press Conference in Lagos, country’s commercial  capital, maintained that this major threat is caused by the shut down of the Waziri Jetty in Apapa by the Port Manager of the Nigerian Port Authority (NPA). This allegation has, however, been refuted by the NPA. Rising under the auspices of the Petroleum Products Depot Owners Association (PPDOA), the…

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NLNG, USAID ink 5-year MoU for Malaria-free Nigeria’s Bonny Island

Efe Wellington

Nigeria LNG Limited (NLNG) has signed a five-year Memorandum of Understanding (MoU) with the U.S. Agency For International Development (USAID) to make Bonny Island, its operational base, malaria free. The MoU was signed by NLNG’s Managing Director/Chief Executive Officer, Engr. Tony Attah on behalf of NLNG and the United States Ambassador to Nigeria, Mary Beth Leonard. Through the U.S. President’s Malaria Initiative (PMI), USAID will provide technical assistance to NLNG’s led Bonny Island Malaria Elimination Project (BNYMEP). BNYMEP seeks to reduce the malaria burden, move the community to pre-elimination status, bring malaria-related mortality to zero,…

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Why Ikeja Electric Bagged Latest ISO Certifications – Soetan

Tade Salako

  More details have emerged on reason the Ikeja Electric, Nigeria’s Electricity Distribution Company, bagged three latest International Organization for Standardization (ISO) certifications ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018. The International Organization for Standardization (ISO) is world’s largest independent, non-governmental organizations that develops of voluntary international standard and facilitates world trade by providing common standards among nations. Speaking on the achievements, Chief Executive Officer (CEO) of Ikeja Electric, Folake Soetan, said, according to a statement, the company reaffirmed its commitment to high standards, in line with global best practices.…

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