Day: August 3, 2022

Yes, We Purchased N1.14bn Vehicles For Niger Republic – Buhari’s Govt

Abibat Babalola

Buhari, who approved the purchase, has the right to do what he did – Finance minister says as Nigerians lampoon government over “wasteful spending, misplacement of priority”   Nigerians have taken to social media to express their outrage, after President Muhammadu Buhari’s government confirmed that it donated N1.14billion to the Republic of Niger. Minister of Finance, Budget, and National Planning, Zainab Ahmed, confirmed this to reporters shortly after Wednesday’s Federal Executive Council (FEC) meeting. According to Ahmed, it is to aid Niger in the acquisition of some operational vehicles. READ…

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TotalEnergies Launches Multi-Energy Strategy In Angola

ADEOLA YUSUF

(With agency report) TotalEnergies rolled out its multi-energy strategy in Angola with the launch of the Begonia oil field, Quiluma and Maboqueiro gas fields developments, as well as its first photovoltaic project in the country. Begonia TotalEnergies made final investment decision for Begonia on Friday, the first development of block 17/06, located 93 miles off the Angolan coast, in agreement with concession holder Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) and its partners. READ ALSO: NCDMB, Total Energies Ikike AMD 2 Module project creates 30,000 jobs, first oil in…

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I Deleted TikTok, Instagram To Be Focused –Babcock’s Overall Best Student

Ganiyu Amodu

Idowu Khadijat Damilola of Babcock University, Ilishan, Ogun State, won the Senior Vice-President’s prize for graduating under-graduate student with the highest CGPA at the 20th undergraduate and 11th postgraduate convocation ceremony of the university. Khadijat, who graduated with 4.91 CGPA from the Department of Sociology and Social Work, narrated how she had to contend with distractions from the social media to stay focused. READ ALSO: My Mother Once Told To Throw Me Away – Nigerian Female Paralympic Champion Meet Prof. Ighedo, Nigerian Who Broke S’Africa Varsity 148-Yr Maths Record BRT…

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BRT Lane: AriseTV Anchor, Rufai Oseni, Pays N70,000 Fine, Apologises

Ganiyu Amodu

Rufai, who is critical of Lagos government was docked in the incident his followers described as government taking its pound of flesh but by others as government doing the right thing   Arise TV show anchor, Rufai Oseni, has paid N70,000 as fine for committing a traffic infraction in Lagos, Nigeria’s commercial capital. Platforms Africa reports that the Lagos police command spokesman, Benjamin Hundeyin, who said this, maintained that the broadcaster has received his car after paying the fine. Rufai was arrested on Monday for driving on BRT lane in…

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Onyekwere Wins Historic Gold Medal for Nigeria In Birmingham

Abibat Babalola

For the very first time in Nigeria’s history, the country secured not just a medal but gold in the Commonwealth Games Women’s Discus event. Reigning African champion, Chioma Onyekwere was the history maker on Tuesday night at the Alexandra Stadium in Birmingham as her Season’s Best throw of 61.70m was good enough to earn her the top spot. Though she was ranked second among the throwers on parade ahead of the final, Onyekwere proved the bookmakers wrong; beating the fans’ favourite to the gold medal. READ ALSO: S’Eagles ex-Coach Gives…

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S’Eagles ex-Coach Gives NFF 45 Days To Pay Him N157m With Interest

Ganiyu Amodu

Gernot Rohr, former Coach of the Nigerian national team, Super Eagles, has given Nigeria Football Federation (NFF) 45 days to pay him N157m With Interest. Rohr, a report by PUNCH Sports Extra read, said that the money, being his outstanding salary with interest is ti be paid along with the current dollar rate following their delay in making the payment. Rohr was relieved of his job as the Eagles gaffer last December, following a series of underwhelming performances by the three-time African champions. READ ALSO: Chelsea £20m To Sign Chukwuemeka…

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Chelsea Stakes £20m To Sign Chukwuemeka from Aston Villa

Scott Matthew

Aston Villa’s Carney Chukwuemeka is set to join Premier League club Chelsea after both clubs agreed on a fee of £20m for the England youth international. A report on www.chelseafc.com on Tuesday confirmed that both clubs had reached an agreement for the permanent transfer of Chukwuemeka. The report stated, “Aston Villa and Chelsea can confirm that the clubs have reached an agreement for the permanent transfer of Carney Chukwuemeka. “The 18-year-old has been given permission to travel to London to discuss both personal terms and undergo a medical.” READ ALSO:…

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Univeristy of Ibadan Assures Students With Marks Below 200 Admission

Ganiyu Amodu

The University of Ibadan has promised to admit students who scored less than 200 marks in the recently concluded Unified Tertiary Matriculation Examination. The Director of the UI Distance Learning Centre, Prof. Emmanuel Omobowale, said this on Tuesday at a press conference held at the university in Ibadan. Omobowale said students with low marks in the last UTME and those who did not sit the last UTME could be admitted to the university via its Open Distance e-Learning programme, saying the opportunities to get the same degrees as others were…

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Soyinka: Why Buhari Should Be Impeached

Scott Matthew

Nobel Laureate gives reason he backed PDP Legislators to Impeach Nigerian President   Nobel Laureate, Wole Soyinka, has thrown his weight behind the move to impeach President Muhammadu Buhari. Platforms Africa reports that legislators from the opposition Peoples Democratic Party (PDP) has given six weeks ultimatum given to Buhari to find a solution to terrorism or be impeached. READ ALSO: Bank Borrowing from CBN Hits N4.5trn, Worsens Liquidity Crunch Doctors Told Me 6 Months Ago My Son Yinka’ll Die By July -Ebenezer Obey BREAKING: Bandits Moving En masse To Oyo,…

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Bank Borrowing from CBN Hits N4.5trn, Worsens Liquidity Crunch

Scott Matthew

Amid a rising liquidity crunch, banks operating in Nigeria borrowed a whopping sum of N4.5tn from the Central Bank of Nigeria in July, an increase of 27 per cent Month-on-Month from N3.6tn borrowed in June 2022. Banks use Standing Lending Facility and Repo lending to access short-term lending from the apex bank. While the CBN lends money to banks through the SLF at an interest rate of 100 basis points above the Monetary Policy Rate currently at 14 per cent, it also lends money to banks through Repurchase Arrangement (Repo).…

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