May 16, 2019

Q3 2018 capital budget records dismal implementation

₦649bn Paris Club refund available for states to share

May 16, 2019 9:17 pm

States are to share N649 billion – the final tranche of the Paris Club Refund.

But debtor-states will have to settle their debts soon, Finance Minister Mrs.  Zainab Ahmed said yesterday, adding that the Federal Government plans to begin the final phase of the debt refund.

The minister told reporters at a news conference in Abuja yesterday that “the total sum of N649.434 billion was verified by the ministry as the outstanding balance to be refunded to the state governments.”

She also revealed that the payments made by the Central Bank of Nigeria (CNB) as at March stood at N691.560 …

Nigerian Guild of Editors seek waivers on newsprint, others

Editors seek waivers on newsprint, others

May 16, 2019 9:03 pm

The Nigerian Guild of Editors (NGE) has solicited waivers on imported materials needed for the print media industry.

The demand, the guild said, would not becloud its sense of responsibility in performing its professional duties to the nation and humanity.

Addressing reporters on Wednesday night after meeting with Vice-President Yemi Osinbajo, NGE’s President Funke Egbemode said the media are in business, like every other business contributing to the economy.

She said the industry would need such support to stay in business.

Egbemode, who led other NGE executives to the Villa in Anuja, the nation’s capital, noted that the industry was
…
MTN Nigeria posts ₦1.04 revenue in 2018

BREAKING: MTN Nigeria hits ₦184b in listing rally

May 16, 2019 10:24 am

MTN Nigeria Communications Plc has just listed its shares on the Nigerian Stock Exchange (NSE), rallying N184 billion gain in first day of trading.

The NSE admitted, by way of introduction, 20.35 billion ordinary shares of MTN Nigeria Communications at N90 per share.

The shares, which were listed on the Premium Board of NSE immediately rose by the highest daily allowance price change of 10 per cent or N9 to close at N99 per share.

National Council President NSE, Otunba Abimbola Ogunbanjo, said: “We are particularly pleased that MTN Nigeria has joined the prestigious club of companies listed on our …

US suspends flights to Venezuela indefinitely

US suspends flights to Venezuela indefinitely

May 16, 2019 10:16 am

The US Department of Homeland Security announced Wednesday that it is suspending “all commercial passenger and cargo flights between the United States and Venezuela” indefinitely.

Secretary of State Mike Pompeo has approved the suspension and Transportation Secretary Elaine Chao has implemented it, according to a statement from DHS.
“This determination is based on the ongoing political instability and increased tensions in Venezuela and associated inadvertent risk to flight operations,” the statement said, noting a concern for the safety of passengers, crew and aircraft.
A State Department official confirmed the suspension of passenger and cargo flights due to security concerns.
“On
…
2,000 workers sacked in Ekiti height of wickedness - Fayose

2,000 workers sacked in Ekiti height of wickedness – Fayose

May 16, 2019 10:02 am

Former Ekiti Governor, Ayo Fayose, has described the revocation by Gov. Kayode Fayemi, of appointment of 2,000 workers by him shortly before leaving office, as “height of wickedness and political vendetta.”

Fayose called on all the affected civil servants not to be disillusioned, but to approach the court to challenge the State Government’s decision.

In a statement by his spokesperson, Lere Olayinka, on Thursday in Ado Ekiti, the former governor said that sacking people duly engaged in the service by a duly constituted government was most unfortunate.

The News Agency of Nigeria (NAN) reports that the state government on Thursday …

White House to unveil new Trump's immigration plan

White House to unveil Trump’s new immigration plan

May 16, 2019 9:45 am

The White House is preparing to release a broad outline of proposed immigration reforms aimed at unifying congressional Republicans on the issue, following months of discussions between senior adviser Jared Kushner and dozens of conservative groups, senior administration officials tell CNN.

But the proposal is short of concrete details and omits discussion of the Obama-era Deferred Action for Childhood Arrivals program that Democrats have repeatedly said they want resolved.
President Donald Trump is slated to unveil the plan Thursday, the administration officials said. The White House is selling the plan as addressing border security and moving toward a merit-based immigration
…
Beware of Loom ponzi scheme, SEC cautions Nigerians

Beware of Loom ponzi scheme, SEC cautions Nigerians

May 16, 2019 9:32 am

The Securities and Exchange Commission (SEC) has raised the alarm over the activities of some fraudsters currently running an online investment scheme tagged ‘Loom Money Nigeria’.

Loom Money Nigeria is taking over social media by targeting young people to participate in a pyramid scheme.

But Acting Director General of the SEC, Ms. Mary Uduk during a press conference by the Minister of Finance in Abuja, Thursday warned Nigerians of the fraudulent activities of Loom promoters.

Uduk, who was represented by Acting Executive Commissioner, Operations of the SEC, Mr. Isyaku Tilde said the fraudsters carry out their illegitimate business activities via …

BREAKING: Ekiti sacks over 2,000 workers hired by Fayose

BREAKING: Ekiti sacks over 2,000 workers hired by Fayose

May 16, 2019 9:16 am

Ekiti State Government has reverted appointments of over 2,000 workers by immediate governor, Ayo Fayose after the July, 2018 gubernatorial election.

The decision followed deliberations by the State Exective Council on the report of the committee headed by the deputy governor, Otunba Bisi Egbeyemi, that reviewed irregular appointments made between 2014 and 2018.

The government said the recruitment exercise violated due process.

It was gathered that the affected 2 ,000 workers comprises 600 teachers recruited into the Teaching Service Commission , 400 personnel employed into the State Universal Basic Education Board and 1,000 injected into the system through the Office …

The leaders of Yoruba socio-cultural organisation, Afenifere, yesterday ordered killer Fulani herdsmen to vacate the southwest or face consequences.

Herdsmen presence terrify farmers in Abia

May 16, 2019 9:05 am

The presence of herdsmen in Ohuru Isi-Miri community in the Aba North Local Government Area of Abia has put farmers in the community, especially women on edge.

A News Agency of Nigeria (NAN) correspondent, who visited the community on Thursday reports that gloom has descended on the community, due to the inability of people to cultivate their farms.

The presence of the herdsmen has sparked intense fear among residents, with many of them, especially women now shunning farming, to avoid getting raped or killed by herdsmen.

NAN learnt that the the herdsmen have found a home at an empty land …

Ruggedman apologises for Naira Marley’s arrest

Ruggedman apologises for Naira Marley’s arrest

May 16, 2019 1:28 am

Since the news of the arrest of singer, Naira Marley by the Economic and Financial Crimes Commission on suspicion of connection to internet fraud better known as yahoo yahoo, many Nigerian youths have been laying blame on the doorstep of veteran singer, Rugggedman.

Prior to Naira Marley’s arrest, Ruggedman who is a police ambassador had been in an online debate with Naira Marley about the rightness or wrongness of cybercrime. Riuggedman had disagreed with Naira Marley’s view that yahoo yahoo is not a crime and yahoo boys should be glorified and celebrated rather than arrested and prosecuted.

Following Naira Marley’s …

TRENDING

Breaking

𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

follow on social media

Facebook Twitter Youtube Telegram Linkedin

subscribe to newsletter

© 2018 - 2020 Africa digital news, New York
Powered by

People and Polity