Day: April 21, 2021

Buhari gets Nigeria’s Senate nod for fresh 1.5bn, €995m foreign loans

Aliyu Aliyu

  Nigeria is still struggling under the weight of increasing public debt stock which stood at N32.22 trillion as of September 30, 2020.   The Nigerian President Muhammadu Buhari has successfully jumped the last hurdle for his government’s plan to borrow fresh $1.5 billion and €995 million. The Nigerian Senate on Wednesday approved the fresh external loans for the government. The red chamber okayed the foreign loans after considering the report of its committee on local and foreign debts during Wednesday’s plenary session. Clifford Ordia, chairman of the committee, told the…

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How US Jury Found Ex-Officer Chauvin, 45, Guilty Of Floyd Murder

Wonuola Olujobi

  Jurors were told they could not return home until they had made their decision. Details have emerged on how United State (US) jury found a former police officer, Derek Chauvin, 45, guilty of murder over the death of African-American George Floyd on a Minneapolis street last year. The 12-member jury took less than a day to reach their verdict, which followed a highly-charged, three-week trial that left Minneapolis on edge. After both sides presented closing arguments on Monday, the jury was isolated in a hotel with no outside contact…

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Queues: NNPC troubleshoots, surges daily petrol supply to 54.813m litres

Efe Wellington

    The Nigerian National Petroleum Corporation (NNPC) has increased the supply of Premium Motor Spirit (petrol) across the country to 54.813 million litres daily. The corporation, Platforms Africa reports, achieved this by increasing load-out from 550 trucks to 1,661 trucks to combat the build up of fuel queues in some parts of the country. With an average capacity of 33,000 litre per truck, the 1661 truck translates to 54.813 million litres, according to sata compiled by Platforms Africa. A statement by the Group General Manager, Group Public Affairs Division,…

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