Month: April 2022

Nigeria Spends N1.3trn To Help GenCos, DisCos In 14 Yrs – Minister

ADEOLA YUSUF

How Nigeria paid $137 million in two years for gas and electricity that were never used in the “take or pay deal”   The Nigerian minister of finance, budget and planning, Zainab Ahmed, has said that the country has spent N1.3 trillion as intervention fund in the power sector between 2007 and 2021 without significant result. The money was approved in 2017 to tackle the monthly liquidity challenges faced by GenCos, as the distribution companies (DisCos) keep defaulting in paying for the monthly invoice of electricity received. READ ALSO: I…

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MTN, Glo, Others Block 72.77m Subscribers for NIN-SIM Link Offense

ADEOLA YUSUF

In response to the Nigerian Government’s directive to telecommunication operators, more than 72.77 million active subscribers have been blocked from using their sims to make calls. The Director of Public Affairs of the Nigerian Communications Commission, Dr Ikechukwu Adinde, and the Head, Corporate Communications at the Nigeria Identity Management Commission, Mr Kayode Adegoke gave the directive in a joint statement they signed. READ ALSO: NIN-SIM: Disconnect Unlinked Subscribers, Govt Tells MTN, Others Nigerian Varsities May Be Shut Longer Than Expected – ASUU Ask Your Cousin, Obasanjo, for Ige Murder, Omisore…

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Elon Musk Stakes $2.9bn, Becomes Twitter’s Top Shareholder

ADEOLA YUSUF

Musk, has, in tweets to 80 million Twitter followers, questioned free speech on Twitter and whether the platform is undermining democracy Tesla CEO Elon Musk has taken a 9% stake in Twitter worth $2.9 billion to become its largest shareholder. Platforms Africa reports that this deal made know by Musk on his Facebook page, came after he raised questions about the social media platform’s dedication to free speech. The ultimate aim of Musk’s 73.5 million share purchase worth $2.9 billion, based on the closing price Friday, is not clear. Yet…

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OPL 310: Lekoil Limited Rejects Lekoil Nigeria’s £.9m Loan Deal

ADEOLA YUSUF

The crisis between Lekoil Limited and Lekoil Nigeria has degenerated as the former said it outrightly rejected the offer by the latter to purchase loan in the Oil prospective License (OPL) 310. Platforms Africa reports that Lekoil Limited has earlier secured Savannah Investment’s GBP.9m Loan At 5%/Annum Interest for the deal, a move that was stopped by Lekoil Nigeria through the Court. Lekoil Limited, however made its rejection of the OPL 310 loan by Lekoil Nigeria known in a statement, maintaining that the offer is incapable of acceptance without the…

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Nigerian Varsities May Be Shut Longer Than Expected – ASUU

ADEOLA YUSUF

Varsity lecturers’ union accuses NITDA of dashing students hope of quick return to school, sabotaging government’s effort to end strike   Academic Staff Union of Universities has warned that the Nigerian Information Technology Development Agency (NITDA)’s unpatriotic stance will prolong the ASUU strike and keep students out of school for a period longer than expected. The university union accused NITDA of lying that the University Transparency and Accountability Solution (UTAS) failed the agency’s integrity tests. READ ALSO: Nigerian Varsities Remain Shut Till May As ASUU Extends Strike For 8 Weeks…

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God Told Me Atiku Not Tinubu Wil Be Nigeria’s Next President – Melaye

ADEOLA YUSUF

Chief Raymond Dokpesi Hints At How North Not South’ll Clinch PDP’s Presidential Ticket     A former Senator representing Kogi West Senatorial district, Dino Melaye, has said that God assured him of the emergence of former Vice President Atiku Abubakar not any other person as Nigeria’s next president. A strong contender for the post is the national leader of the All Progressives Congress (APC), Bola Tinubu. Melaye said this on Monday at the Peoples Democratic Party national secretariat in Abuja when he, in company of the leader of the technical…

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Ask Your Cousin, Obasanjo, for Ige Murder, Omisore Tells Wole Soyinka

ADEOLA YUSUF

All Progressives Congress (APC) National Secretary Senator Iyiola Omisore has accused people he described as “drowning politicians” of spreading propaganda against him. He lamented that a decade after the Bola Ige murder case, Nobel Laureate Prof. Wole Soyinka still referred to him as a prime suspect, despite being cleared by the court. Omisore,  a former deputy governor of Osun State, said it was curious that Soyinka, who accused the Obasanjo government of complicity in Ige’s death when he described the government “as a nest of killers”, could now describe him…

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JAMB Hikes Mock-UTME Fee, Blames Rising Diesel Cost

ADEOLA YUSUF

As a measure to prevent an interruption of power supply at any of its partnership centres, the Joint Admissions and Matriculations Board (JAMB) has announced an increase in the service charge for this year’s mock Unified Tertiary Matriculation Examination (UTME) over a hike in cost of power generation. JAMB said that the increase was to assist private-owned Computer-Based Tests (CBT) centres could meet up with their expenses while providing services for the development of the nation. In order to ensure implementation, the examination body noted that N400 has been added…

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Meet Siamara, Nigerian who Graduated in UK After Suicide Attempt

ADEOLA YUSUF

“Psychiatrists had told her parents she’d never recover from her long battle with a mental health condition called bipolar disorder.”   A Nigerian lady, Siamara Goddard, who had a suicide attempt at her school in the UK has finally graduated against all odds. The excited lady took to social media to share photos from her graduation ceremony while revealing that psychiatrists had told her parents she’d never recover from her long battle with a mental health condition called bipolar disorder. Not only did the lady surpass their pessimistic prediction, but…

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NIN-SIM: Disconnect Unlinked Subscribers, Govt Tells MTN, Others

ADEOLA YUSUF

The Nigerian Government has directed all Telcos including MTN Glo, and 9Mobile, to strictly bar outgoing calls for telephone lines that have not complied with the policy of linking National Identification Number (NIN) to the Subscriber Identification Module (SIM) from the 4th of April, 2022. Affected individuals are advised to register for their NINs at designated centers and thereafter link the NINs to their SIMs through the channels provided by NIMC and the Telcos, including the NIMC mobile App. As of date, over 125 Million SIMs have had their NINs…

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