May 2019

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
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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
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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 …

Illicit financial flows

Illicit financial flows: Nigeria loses $17bn yearly -TI

May 15, 2019 11:04 pm
Transparency International (TI) on Wednesday disclosed that Nigeria loses not less than $17 billion annually through illicit financial flows.
The Executive Director of TI and Civil Society Legislative Advocacy Centre (CISLAC), Auwal Musa Rafsanjani, stated this in Abuja during a meeting of his organisation with its West Africa chapters.
While insisting that the political and business elite have deprived Nigerians of their entitlements through corruption in procurement, Rafsanjani said: “Our countries experience enormous challenges with public procurement, political integrity, illicit financial outflows, migration and many others. In Nigeria alone, $17 billion is lost annually to illicit financial outflows.
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Don’t let my husband die, Fregene’s wife cries out

Don’t let my husband die, Fregene’s wife cries out

May 15, 2019 10:49 pm

Soccer great Peter Fregene’s wife is seeking a lifeline for her ailing husband.

The former Green Eagles first choice goalie has been battling stroke for 18 years.

An emotional Mrs. Tina Fregene told The Nation last night that her husband requires help urgently to save him from dying.

According to her, the condition of the 71-year-old man got worse 12 days ago. A photograph of Fregene being fed on his bed surfaced online recently.

“His condition is bad; he is bed-ridden and he moves on his buttocks or supported to move around the house and when he makes such movement,
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Senate President contest : Not a do or die affair - Lawan

Senate President contest : Not a do or die affair – Lawan

May 15, 2019 10:12 pm

Ahead of the inauguration of the Ninth Senate and the election of a new Senate President, the Senate Leader, Dr. Ahmad Lawan, yesterday said the battle for the exalted position is not a do-or-die affair.

He, however, unfolded plans to devote three months to budget consideration if he is elected to the lead the National Assembly in the next political dispensation.

The Senate Leader said he would ensure the return of the  the nation to the January-December budget cycle.

According to him, an effective budget cycle would be put in place in a manner that the President would sign the …

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