Month: May 2024

For Federal Varsity, Poly Students Only, Govt Gives Fresh Condition On Loan

ADEOLA YUSUF

Managing Director of Nigerian Education Loan Fund (NELFUND), Mr Akintunde Sawyerr, has disclosed that the maximum of 1.2 million students across federal tertiary institutions will access the students loan in the fist phase. Speaking ahead of the opening of the portal for applications on Friday, he said the first phase will be officially open for students in federal institutions whose institutions have completed the uploading of their data. While noting that the loan application process has been streamlined to ensure easy access for all eligible students in federal tertiary institutions,…

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How Britain Infected Thousands With HIV, Hepatitis Blood – Report

ADEOLA YUSUF

“Authorities knowingly exposed victims to blood infection.” Dirty details of the deadliest Blood Scandal believed to have killed an estimated 3,000 people in the UK     British authorities and the country’s public health service knowingly exposed tens of thousands of patients to deadly infections through contaminated blood and blood products, and hid the truth about the disaster for decades, an inquiry into the U.K.’s infected blood scandal found Monday. An estimated 3,000 people in the United Kingdom are believed to have died and many others were left with lifelong…

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ICC Prosecutor Seeks Arrest Warrants For Netanyahu, Hamas Leaders

ADEOLA YUSUF

The chief prosecutor of the International Criminal Court has applied for arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Hamas’s leader in Gaza for war crimes. According to BBC, Karim Khan said there were reasonable grounds to believe that both men bore criminal responsibility for war crimes and crimes against humanity from at least 7 October 2023. The ICC, based in The Hague, has been investigating Israel’s actions in the occupied territories for the past three years – and more recently the actions of Hamas as well. READ ALSO…

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Dangote: I Need 35 Visas To Travel Within Africa But French Investors Don’t

ADEOLA YUSUF

Aliko Dangote, Africa’s richest person, says he still faces difficulties travelling in Africa with his Nigerian passport. Dangote spoke recently at the Africa CEO Forum Annual Summit in Kigali, Rwanda. “I still complained to President Kagame. I told him that as an investor, I have to now apply for 35 different visas on my passport, and I told Mr. President, I really don’t have the time to go and be dropping my passports in embassies to get a visa,” he said. “But you see, the most annoying thing is that…

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Nigeria’s Oil Production Hits 1.7 Million Barrels Daily

ADEOLA YUSUF

. How we achieved new output mark – NNPC   The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, says Nigeria’s oil production has reached 1.7mbpd as of Saturday. The NNPCL boss who stated that the production is coming from 1.28 million barrels per day a few months ago, did not state whether the growth in production includes condensate. However, some stakeholders are asking for the technical presentation regarding Kolman River and Bornu Basin (the Nigerian sector of the Chad Basin,) discoveries to be presented…

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Power Minister Makes U-Turn On NERC’s Oversight Transfer To States

ADEOLA YUSUF

. Adelabu counter-self, says transfer of electricity regulatory oversight to states continues The minister of power, Adebayo Adelabu, has backtracked on halting the transfer of electricity regulatory oversight to state governments. Platforms Africa reports that the minister spoke on Monday at the two-day stakeholders workshop organised by the Nigerian Electricity Regulatory Commission (NERC) in Lagos. The workshop on the implementation of the Electricity Act had in attendance the 36 state commissioners of energy and power. The minister’s statement comes a few days after he announced plans to halt the transfer…

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N900k Sent To Me In Error Belongs To God, I Won’t Return It – Pastor To Owner

ADEOLA YUSUF

A pastor has sparked outrage after declining to return N900,000 that was erroneously deposited into his account by a church member. The member had intended to transfer N100,000 as a donation but accidentally sent N1,000,000 instead. Upon realizing the mistake, the member promptly contacted the pastor, expecting a swift return of the excess amount. However, the pastor’s response left the member stunned. According to the member, the pastor claimed that the N900,000 excess was a “divine provision” and therefore belonged to God. This assertion has raised eyebrows and sparked controversy…

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CBN Withdraws Circular On Cyber Security Levy

ADEOLA YUSUF

The Central Bank of Nigeria, CBN has withdrawn the circular directing banks and other financial institutions to implement the 0.5 per cent cyber security levy. The withdrawal of the circular was announced via a statement signed by Haruna Mustafa, Director, Financial Policy and Regulation, Department and Chibuzo Efobi, Director, Payment System Management Department. READ ALSO: Every One Million CNG-Powered Vehicles Will Save Nigeria $2.5bn Yearly – GOVT Capital Hotel Records 42% Growth, Excites Shareholders 1,138 Farmers Affected By Ginger Blight Disease Get N110m Insurance Claims US Varsity Honours Kola Olugbodi…

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Every One Million CNG-Powered Vehicles Will Save Nigeria $2.5bn Yearly – GOVT

ADEOLA YUSUF

The federal government says Nigeria will save about $2.5 billion yearly from every one million vehicles powered by compressed natural gas (CNG). Michael Oluwagbemi, programme director and chief executive officer, the presidential CNG initiative (P-CNGi), spoke at the south-south stakeholders’ engagement meeting on the CNG initiative, held in Port Harcourt, Rivers state, on May 17. Oluwagbemi said CNG adoption will also reduce the pressure on foreign reserves and improve the value of the naira. “For every 1,000,000 vehicles that Nigeria moves from petrol to natural gas, the nation is not…

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Capital Hotel Records 42% Growth, Excites Shareholders

ADEOLA YUSUF

‘What the owners of Abuja Continental Hotel (formerly Sheraton Hotel) did differently in 2023 that led to growth’, Shareholders hint at secret of success   Shareholders of Capital Hotels PLC ,owners of Abuja Continental Hotel ( formerly Sheraton Hotel) have reportedly commended board and management for the fast pace of development since its new owners acquired it. A statement sent to Platforms Africa showed that comments were made at its 43rd Annual General Meeting held at the cimpany’s flagship property, Abuja Continental Hotel, where the shareholders said despite the harsh…

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