Month: June 2024

World Bank Approves Nigeria’s $2.25bn Loan Request

ADEOLA YUSUF

The World Bank has approved a total of $2.25 billion loan for Nigeria to help stabilise its economy following reforms and scale up support for the poor, it said in a statement on Thursday. In April, Finance Minister Wale Edun said Nigeria was seeking up to $2.25 billion in World Bank loans and expects the bank’s board to approve the request in June. Nigeria President Bola Tinubu last year in May initiated the country’s boldest reforms in decades, scrapping a popular but costly petrol subsidy and sharply devaluing the currency…

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Nigeria Drops Charges Against Binance Executive

ADEOLA YUSUF

The Federal High Court sitting in Abuja has discharged Tigran Gambaryan, a 39-year-old American, and fleeing Nadeem Anjarwalla over alleged tax evasion. The duo, both executives of cryptocurrency exchange platform Binance, were dragged to court by Federal Inland Revenue Service (FIRS) over alleged tax evasion. The court made the decision following fresh amended charges filed by the FIRS in view of a notice from Binance about its appointment of a Nigerian representative, Ayodele Omotilewa. Recall that Gambaryan and fleeing Anjarwalla are facing a four-count charge by the Nigerian government brought…

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TotalEnergies Raked In N635bn In 2023, Declares N7.129bn Dividends

ADEOLA YUSUF

TotalEnergies Marketing Nigeria Plc has said that it raked in N635,951,600 revenues as of 31st of December, 2023 as the company declared payment of N7.129 billion dividends to shareholders. Chairman of TotalEnergies, Mr. Jean-Philippe Torres, who declared this at the 44th Annual General Meeting of the company in Lagos, maintained that TotalEnergies Marketing increased her turnover by 32% from #482.47 billion in 2022 to #635.95 for the year ended 31st December, 2023. The Board, he added, “proposes for approval by shareholders that the sum of #8.49 billion representing #25.00 (Twenty-five…

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Nokia Makes History With World’s First Immersive Voice Call

ADEOLA YUSUF

The Chief Executive Officer of Nokia, Pekka Lundmark has made a phone call using a new technology called “immersive audio and video” that improves the quality of a call with three-dimensional sound, making interactions more lifelike. The Finnish smartphone maker announced this development in a statement obtained from its website on Tuesday. READ ALSO: ‘Nigeria’s Oil Production Drops To 1.25mbpd,’ OPEC Contradicts NNPC’s May Figure ‘No Way,’ Gov Soludo Kicks Against LG Autonomy Sexual Harassment: Minister Reports Perm Sec To Head Of Service The call was made with Finland’s Ambassador…

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Russia Denies Recruiting Nigerian Students For Ukranian War

ADEOLA YUSUF

The Russian Embassy in Nigeria on Wednesday vehemently denied claims of coercing African students, particularly Nigerians, to participate in the ongoing war in Ukraine in exchange for visa extensions. According to Bloomberg’s Monday report, Russia purportedly sought to enlist thousands of migrants and foreign students to reinforce its troops in the war against Ukraine, adopting tactics similar to those employed by the Wagner mercenary group. European officials reportedly assessed this situation, claiming that the Kremlin was threatening not to extend visas for African students and young workers unless they agreed…

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Sexual Harassment: HoS Suspends Perm Sec, Orders Probe

ADEOLA YUSUF

The Permanent Secretary in the Ministry of Foreign Affairs, Ambassador Ibrahim Lamuwa, has been suspended by the Office of the Head of Service over sexual harassment allegation. The Head of Service, Folashade Yemi-Esan, said the permanent secretary would be on suspension pending the outcome of a probe into the allegation against him. “The permanent secretary has been suspended pending the outcome of the probe by the committee set up, “ a senior director in the OHCSF told our correspondent in Abuja. It was learnt that following a petition submitted by…

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Aunty Ramota Speaks On News She Undergoes Breast, Buttocks Enlargement Surgery

ADEOLA YUSUF

Internet sensational actress, Ramota Adetu popularly known as Aunty Ramota, has debunked the rumour that she was in a coma as a result of an unsuccessful Brazillian Butt Lift. She made this known in a video that trended on Wednesday. READ ALSO: ‘I Had A Swagger,’ Tinubu Breaks Silence On Eagle Square Fall ‘Nigeria’s Oil Production Drops To 1.25mbpd,’ OPEC Contradicts NNPC’s May Figure Govs, Senators, Reps Should Get Same Minimum Wage As Labour – Mbaka Staff Hacks Into GTBank System, Steals N9.9m From Customers In the clip, Aunty Ramota…

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‘I Had A Swagger,’ Tinubu Breaks Silence On Eagle Square Fall

ADEOLA YUSUF

President Bola Tinubu has spoken about his fall at the Eagle Square, Abuja, on Wednesday morning. The president missed his step and fell while entering a vehicle for a parade to commemorate Democracy Day. Speaking at a dinner, the president referred to the fall as “Swagger”, saying social media is confused about it. Early this morning, I had a swagger and it’s on the social media. They are confused whether I was doing buga or doing babaringa, but it is a day to celebrate Democracy while doing ‘dobale’ for the…

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‘Nigeria’s Oil Production Drops To 1.25mbpd,’ OPEC Contradicts NNPC’s May Figure

ADEOLA YUSUF

The monthly report of the Organisation of the Petroleum Exporting Countries (OPEC) has contradicted the claims by the federal government that the nation’s crude oil production is growing. According to the latest organization’s report, Nigeria’s oil production dropped to 1.25mbpd. OPEC data showed that Nigeria lost 30,000bpd as crude production dropped from 1.28mbpd in April to 1.25mpd in April. The Nigerian National Petroleum Company Limited’s (NNPC)’s Group Chief Executive Officer, Mele Kyari, not too long ago stated that crude production was nearing 1.7mbpd at the time. He stated this when…

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‘Why We Donated Multi-million Naira ICU,’ Egbin Power, Sahara Foundation Speak On CSR

ADEOLA YUSUF

Egbin Power Plc and Sahara Group Foundation have donated a fully-equipped Intensive Care Unit (ICU) to the General Hospital Ijede, Lagos. This is to further reinforce their commitment to the advancement of healthcare services in Nigeria. The newly built 5-bed ICU will further increase capacity for critical patient care and advance emergency response capabilities in Lagos State. While commissioning the facility, Egbin Power and Sahara Group Foundation emphasized that the initiative underscores their commitment to promoting access to quality critical healthcare services, in line with the Sustainable Development Goal (SDG)…

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