Day: May 10, 2022

Uefa Champions League to Expand From 32 to 36 Teams By 2024

Ganiyu Amodu

Under the new format, each team will play eight games over 10 match weeks. Two of the additional four places will be awarded on the basis of the highest performing countries in each individual season of Uefa club competition. The Uefa president, Aleksander Ceferin, said it meant “the dream to participate will remain for all clubs”. Critics argued that this would have favoured the traditionally ‘bigger’ clubs and provided them with a safety net if they performed poorly in a season. Another change from the original plans has seen the…

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Senate Amends Electoral Act For President, Gov, Others To Vote at Primaries

Ganiyu Amodu

The Senate, on Tuesday, amended the Electoral Act, 2022, to allow ‘statutory delegates’ – all those elected – to participate and vote in the conventions, congresses or meetings of political parties. This followed the expeditious consideration of a bill during plenary which scaled first, second and third readings, respectively, and was passed during plenary by the chamber after consideration by the Committee of the Whole. READ ALSO APC Settles For Indirect Primaries To Pick From Tinubu, Osinbajo, Others BREAKING: Tinubu Campaign DG, AbdulMumin Jibrin, Dumps APC N500bn Or Fuel Scarcity,…

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Meet Ifeoma Uddoh, SelectUSA Tech Pitch Contest Winner

ADEOLA YUSUF

How the Shecluded founder who got selected for a google black founders program last year, qualified for a complimentary ticket to attend the annual SelectUSA Investment Summit in Washington Nigerian Fintech entrepreneur, Ifeoma Uddoh, has won this year’s SelectUSA Tech Nigeria Pitch Competition. Platforms Africa reports that the feat hashqualified her for a complimentary ticket to attend the annual SelectUSA Investment Summit in Washington from 26-29 June. Uddoh, 2021 Academy for Women Entrepreneurs (AWE) alumna, is the founder of Shecluded, a fintech startup bridging financial inclusion gap among women of…

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N500bn Or Fuel Scarcity, IPMAN Threatens Supply Upset Over Bridging Claims

Ganiyu Amodu

Prepare for worst fuel scarcity ever or prevail on downstream regulator, NMDPRA, to pay us N500 billion incurred on bridging, oil marketers declare   The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned of the possibility of the worst case of fuel scarcity ever in the country. Platforms Africa reports that IPMAN, which said this, however added that the scarcity can be averted only if the Federal Government prevailed on the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to pay N500 billion bridging claims by its members. READ…

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DisCos Fret As Banks Perfect Assets’ Takeover Over N860bn Debt

Abibat Babalola

UBA, Polaris takeover of AEDC, IBEDC becomes popular template for discourse at lenders’ Boardroom Commercial banks in Nigeria are now perfecting plans to takeover electricity distribution companies in the country as N860 billion debts burden weigh down on lenders. Platforms Africa reports that the banks provided funds to the 11 electricity distribution companies for the acquisition of majority shares in government’s power utilities during the November 1, 2013 privatisation exercise. The owners of the 11 discos, according to the Bureau of Public Enterprises (BPE), had paid the Nigerian Government $1.26billion…

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Why Queues Resurfaced In Abuja – NNPC

ADEOLA YUSUF

Oil major Says No Cause for Alarm Over Fuel Queues, Flaunts 2.5 billion liters stocks The Nigerian National Petroleum Corporation has allayed the fears of  Abuja residents over the resurgence of long queues in Abuja and its environs,  attributing the situation to low loadouts and increased purchases that characterise post-holiday periods. The NNPC spokesman, Garba Deen Muhammad, in a statement on Monday, said the company had sufficient fuel supplies to satisfy the demands of Abuja residents for over six weeks. READ ALSO U.S Inflation Hits 40 Year-High As Fuel, Food…

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