Telecoms Operators Want 30% Of CBN N15tr Infrastructure Funding

telecom

. NITDA claims ICT key to post-COVID-19 recovery Telecommunications operators have called on the Central Bank of Nigeria (CBN), to channel 30 percent of the N15 trillion consortium it announced recently to boost infrastructure development in Nigeria, especially telecoms. The Chief Executive Officer, Medallion Communications Limited, Ikechukwu Nnamani, made this call at the Sectoral Virtual Forum 2020, organized by the Association of Telecom Companies of Nigeria (ATCON). He argued that it would be unfair for the apex bank to devote the N15 trillion into building transportation infrastructure alone, leaving the…

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Twitter, TikTok Consider Merger

twitter and tiktok

Twitter is in preliminary discussions for a possible combination with TikTok, the Wall Street Journal reported Saturday after US President Donald Trump said he would ban the app, calling it a threat to national security. Trump declared Thursday that the popular Chinese video app TikTok and social network WeChat “threaten the national security, foreign policy, and economy of the United States.” In an executive order, Trump gave Americans 45 days to stop doing business with the platforms, effectively setting a deadline for a sale of TikTok by its Chinese parent…

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WHO To Review Russia’s COVID-19 Vaccine

President Putin

The World Health Organization said any WHO stamp of approval on a COVID-19 vaccine candidate would require a rigorous safety data review after Russia announced Tuesday it had approved a vaccine. President Vladimir Putin said Russia had become the first country to approve a vaccine offering “sustainable immunity” against the new coronavirus.                   “We are in close contact with the Russian health authorities and discussions are ongoing with respect to possible WHO pre-qualification of the vaccine,” the United Nations health agency’s spokesman…

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‘Yahoo’ Boys Have Become Role Models – Diezani Laments

Diezani Allison Madueke

A former Minister of Petroleum Resources, Diezani Alison-Madueke, says societal values have disintegrated to the extent that online fraudsters otherwise known as ‘Yahoo boys’ have become role models in Nigerian society. Diezani said this while delivering a lecture at a virtual event which was also attended by her former boss, ex-President Goodluck Jonathan, on Friday. Speaking at the event organized by the Ijaw National Development Group on Friday, Diezani stressed the need for mentorship of Ijaw youths. The videos were posted on Twitter by blogger, Jackson Ude, who is also…

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Uzodinma Angry With ‘Supreme Court Governor’ Tag By PDP, Petitions NJC, AGF

Go. Uzodinma

The Supreme Court government, Senator Hope Uzodinma, has expressed dissatisfaction over the label of ‘Supreme Court Governor’ continuously allegedly used by the Peoples Democratic Party (PDP) loyalists in the state. To this end, the governor has petitioned the National Judicial Council (NJC), the Attorney General of the Federation and Minister of Justice (AGF), Mr. Abubakar Malami; the leadership of the National Assembly among others to prosecute those behind the alleged act. In a document circulating in the local tabloid in the state tagged: ‘Petition against Mr. Ogubundu Nwadike, the Imo…

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UBA’s $200m Lifeline Excites Oil Industry

UBA

The fresh impetus is coming to the Nigerian petroleum industry, courtesy a $200million facility from Africa’s leading pan-African financial services group, the United Bank for Africa Plc, UBA. The bank has acted as an Initial Mandated Lead Arranger with a consortium of Nigerian commercial and international banks in a $1.5 Billion Pre-Export Finance Facility for Eagle Export Funding Limited, to enable the forward sale of crude by the Nigerian National Petroleum Corporation (NNPC) and its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC). According to a statement from the bank,…

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I Don’t Care What People Will Say About Me When I Die- Obasanjo

Obasnjo

Nigeria’s former President Chief Olusegun Obasanjo has said he did not care what people would say about him if he died. Obasanjo had on Saturday released a sarcastic statement on the death of Senator Buruji Kashamu, saying that the former lawmaker used politics and legal means to escape justice but could not use the same to stop death. In his words: “The life and history of the departed have lessons for those of all us on this side of the veil. Senator Esho Jinadu (Buruji Kashamu) in his lifetime used the…

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JAMB Shifts Post-UTME Tests To Sept 7

jamb

…withholds results as non-inmates sit for exams in prisons The Joint Admissions and Matriculation Board (JAMB), has shifted the post-Unified Tertiary Matriculation Examination (Post-UTME) screening for the 2020 admission processes till September 7 in universities, polytechnics and colleges of education in the country. The board said the shift in the date of the admission process from the earlier announced Aug. 21 was to accommodate candidates who would be taking part in this year’s school-based Senior School Certificate Examination (SSCE). Prof. Ishaq Oloyede, the Board Registrar, made this known on Monday,…

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FG, ASUU Set To Resume Negotiations To End Strike

ASUU logo

Strong indications emerged at the weekend that the federal government and the Academic Staff Union of Universities (ASUU) will soon resume negotiations to end the four-month strike by lecturers. Both sides are making moves to restart discussions that were abandoned following the disagreement over the introduction of the Integrated Payroll and Personnel and Information System (IPPIS) in the university system and subsequent stoppage of salaries of non-compliant ASUU members. ASUU has also said its alternative payment platform, University Transparency and Accountability Solution (UTAS), was ready for verification and validation by…

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COVID-19: Low Attendance, Strict Compliance Greet Church Re-Opening In Lagos

church

As the Lagos State Government lifts the restriction on the religious activities, some churches within Lagos metropolis were greeted with low attendance amidst strict compliance with the COVID-19 protocols. The News Agency of Nigeria (NAN) reports that the Federal Government, had on March 15, instituted lockdown measures and banned public gatherings while religious places were sealed as a precautionary move against the spread of COVID-19. However, tougher lockdown measures were imposed in Lagos, Ogun, and Abuja have given their status as the epicenter of the COVID-19 in Nigeria which later…

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