Month: July 2024

Hard Time: Nigerians Cut-down Spending On Data, Phone Calls, Down Telecoms Outlook

ADEOLA YUSUF

▪️ Report highlights key Telecoms areas hard hit by economic situation, blames harsh government policies as MTN, Glo, others count losses   The Information and Communications Technology, ICT, the sector has shown great stability in recent years, holding off bad economic conditions, to contribute handsomely to the nation’s Gross Domestic Product, GDP. However, the sector, buoyed by the huge contribution of the telecommunications sub-sector is beginning to show weak signals which industry operators are not comfortable with. The weak signals, ranging from surprising dips in the revenue of sector players,…

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Drama As Minister Bars, Unbars Under 18 For Varsity, Poly Admission

ADEOLA YUSUF

‘In a move to calm frayed nerves, the Minister had asked, “Are we together?” to which the attendees chorused “No!”‘ Inside the tensed meeting where Mamman made a u-turn Candidates who are 16 years old would be considered for admission into tertiary institutions for the 2024 academic year. Platforms Africa reports that this came as drama greeted a stakeholder meeting where the minister earlier announced 18 as the admission age fir undergraduate. Stakeholders and attendees at the ongoing policy meeting of the Joint Admissions and Matriculation Board (JAMB), had protested…

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‘NNPCL Still Swaps Crude For 1 Million MT Fuel Supply’

ADEOLA YUSUF

. At MEMAN quarterly briefing, experts proffer solutions to fuel price, supply conundrums   The Nigeria fuel consumption capacity estimated at about One Million Metric tonnes (MT) is currently being supplied through the crude swap, otherwise known as Direct Sale Direct Purchase (DSDP), importation programme of the Nigerian National Petroleum Company Limited (NNPCL). Stakeholders in the downstream petroleum sector who confirmed this at the Quarterly Press Engagement organised by the Major Energy Marketers Association of Nigeria (MEMAN) on Wednesday, blamed the fuel price and supply issues currently facing Nigerians on…

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Petrol Landing Cost Soars To N1,117 /Liter

ADEOLA YUSUF

‘Diesel landing cost is N1,157 per liter, Aviation Turbine Kerosene (ATK) N1,217 per liter;” Major marketers speak on new price, promise to publish daily cost survey   The Major Energy Marketers Association of Nigeria (MEMAN) has estimated the current landing cost for Premium Motor Spirit (PMS), also known as petrol at N1,117 per liter. Platforms Africa reports that petrol is sold for between N580 per liter to N800 per liter at the filling stations depending on the location, indicating a surge in subsidy payment by the government. Petrol Subsidy: Nigerian…

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US President, Biden Tests Positive For Covid-19

ADEOLA YUSUF

President Joe Biden has tested positive for Covid-19, according to the president and CEO of UnidosUS Janet Murguía. According to CNN, Biden was expected to speak at the group’s conference in Las Vegas Wednesday night. READ ALSO: IMF Downgrades Nigeria’s Economic Growth Forecast To 3.1% Tinubu names Walson-Jack new Head of Service Dangote: I Don’t Own Any House Outside Nigeria, Even Where I Stay In Abuja Is Rented Nigeria Okays $21m For 187 Oil Flow Stations’ Metering Contracts “I was just on the phone with President Biden. And he shared…

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IMF Downgrades Nigeria’s Economic Growth Forecast To 3.1%

ADEOLA YUSUF

The International Monetary Fund (IMF) has cut its forecast for Nigeria’s economic growth in 2024 to 3.1 per cent. The downgrade is contained in a newly released report ‘in the July 2024 World Economic Outlook’ published Tuesday. The IMF cited a weaker growth recorded in the first quarter of the year, Q1’24 as reason for the new forecast. The downgrade represents 0.2 percentage points below the earlier forecast of 3.3 per cent. The downgrade followed weaker-than-expected Gross Domestic Product, GDP, and growth recorded by the country in Q1’23. The IMF…

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Tinubu names Walson-Jack new Head of Service

ADEOLA YUSUF

President Bola Tinubu on Wednesday approved the appointment of Mrs. Didi Walson-Jack as Head of the Civil Service of the Federation, with effect from August 14, 2024. Walson-Jack’s appointment was announced in a statement by Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, titled ‘President Tinubu appoints new head of civil service of the federation.’ She succeeds Dr. Folashade Yemi-Esan, who retires from service on August 13, 2024. READ ALSO: Senate Removes Ndume As Chief Whip Binance Chief: Court Orders Arrest Of Kuje Prison Doctor Team Lead Platforms Africa,…

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Senate Removes Ndume As Chief Whip

ADEOLA YUSUF

Senator Ali Ndume has been removed as the Chief Whip of the Senate and replaced with Senator Tahir Monguno. This followed a directive issued to that effect in a letter written by the National Chairman of the party, Umar Ganduje, and National Secretary, Senator Bashir Ajibola. READ ALSO Team Lead Platforms Africa, Adeola Yusuf, Delivers Olabisi Onabanjo Varsity’s Media Lecture Sanwo-Olu Gifts Corps Members N100,000 Each, Budgets N5bn For NYSC Camp ‘3.2 Bn Barrels In A Swoop,’ Massive Oil Discovered Offshore Kuwait The request was put to voice votes by…

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Binance Chief: Court Orders Arrest Of Kuje Prison Doctor

ADEOLA YUSUF

Justice Emeka Nwite of the Federal High Court, Abuja, has issued a bench warrant for the arrest of Dr Abraham Ehizojie, the Medical Doctor at the health facility of the Kuje Correctional Centre, over alleged refusal to produce the medical report of the detained executive of Binance Holdings Ltd, Tigran Gambaryan. Justice Nwite gave the order following an application by Gambaryan’s lawyer, Mark Mordi, on Tuesday. Gambaryan was whisked into the court building in a wheelchair earlier in the day. He, alongside the cryptocurrency firm, is facing a money laundering…

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Scammers Hack Osun Gov’s Phone Number —Aide

ADEOLA YUSUF

MR Olawale Rasheed, spokesperson of Osun State governor, Senator Ademola Adeleke, yesterday, disclosed that one of the phone numbers of his principal has been hacked. Rasheed, in a statement, urged the public to ignore any calls or messages from +234 803 365 7555 adding that appropriate action has been taken to remedy the situation. READ ALSO: Nigerians Can Now Obtain UAE Visas — Minister Elon Musk Pledges $45m A Month To Electing Trump Headline Inflation Now 34.19%, Food Inflation 40.87% In June – NBS He said: “This is to alert…

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