July 3, 2019

Boeing to help families affected by crashes with $100m

Boeing to help families affected by crashes with $100m

Boeing Co on Wednesday said it would give $100 million to organizations to help families affected by the deadly crashes of the company’s 737 MAX planes in Indonesia and Ethiopia.

The multiyear payout is independent of lawsuits filed by families of the 346 people killed in the two crashes, which happened in October 2018 and March of this year, a Boeing spokesman said.

The funds will support education, hardship and living expenses for affected families, community programs, and economic development in impacted communities, Boeing said in a statement. The U.S. planemaker said it will partner with local governments and non-profit
Nigerian government suspends RUGA

Nigerian government suspends RUGA

The federal government on Wednesday suspended the controversial Rural Grazing Area settlements for herdsmen across the nation.

Governor Dave Umahi of Ebonyi State revealed this at the presidential villa in Abuja on Wednesday after a meeting with Vice President Yemi Osinbajo.

The governor said the reason the planned Ruga was suspended because it was not consistent with the National Livestock Transformation Plan.

He noted that the NLTP approved by the National Economic Council and the Federal Government is a voluntary programme to all the 36 states who like to participate.

“It is not compulsory, it is for any state that …

Anambra man creates App to checkmate Internet fraud

Anambra man creates App to checkmate Internet fraud

Worried by rising cases of fraudulent transaction on the Internet, a former medical student, Mr Chinonso Okoye from Anambra State has designed an internet application known as ‘The Middle’.

Okoye, a software developer, said his decision to build the application was informed by series of complaints by those making purchases on the internet without their goods being delivered.

Addressing newsmen on Tuesday in Awka, Okoye said he was once a medical student of University of Calabar, Cross River State before abandoning the programme to pursue a career in the Information Communication Technology (ICT).

He described online shops as the easiest …

Lagarde resigns from IMF, moves to European Central Bank

Lagarde resigns from IMF, moves to European Central Bank

International Monetary Fund (IMF) Managing Director Ms. Christine Lagarde yesterday resigned from the Fund to head European Central Bank.

In a statement, she said: “I am honored to have been nominated for the Presidency of the European Central Bank. In light of this, and in consultation with the Ethics Committee of the IMF Executive Board, I have decided to temporarily relinquish my responsibilities as Managing Director of the IMF during the nomination period.”

Read Also: IMF congratulates Emefiele on reappointment as CBN Governor

The European Council officially nominated her for the position. She would succeed by Mario Draghi.

Ms. Lagarde, …

Defend your ancestral lands, Soyinka, Ooni advise Nigerians

Wole Soyinka: Ruga can set Nigeria on fire

Nobel laureate Prof Wole Soyinka yesterday joined the raging cattle settlements dispute, describing the policy as a keg of gunpowder.

The planned Ruga (settlements) is the Federal Government’s antidote to the bloody herders/farmers clashes, which have taken many lives, setting Nigeria on edge.

Even before its execution, the policy has sparked a huge row, with some states, including those that are not earmarked for the project, rejecting it.

The Rivers State Government, the local chapter of the Peoples Democratic Party (PDP) in Plateau State and the Berom community yesterday joined the rising rank of those rejecting the policy.

The Plateau …

Unfathomable Mercy: A full length TV drama series 26

Unfathomable Mercy: A full length TV drama series 26

By Nze Ujunwa MarkAnthony

(All Rights Reserved)

78. EXT. MR. KADIRI’S RES. DAY

MR and MRS. KADIRI return from CHURCH and alighting from their VEHICLE as they see COLLINS passionately holding PRISCA by the WAIST; both of them about entering the FORMER’S CAR. He exchanges greetings with the LAND-LORD and his WIFE.

 COLLINS

I’m going to give you a treat today, you know why?

 PRISCA

No! You tell me.

 COLLINS

Because you actually ravished my soul last night with pleasure.

 PRISCA

Really!

 COLLINS

Sure baby… Good day, Mr. and Mrs. Kadiri.

 MR AND MRS. KADIRI

Good day.

He finally enters

Nigeria's economy hits $8.5b in Q1, says NBS

Nigeria’s economy hits $8.5b in Q1, says NBS

Going by the capital importation report released for the first quarter of the year by the National Bureau of Statistics (NBS), $8.5 billion came into the economy between January and March.

The report released yesterday showed that the first quarter figure represents 216.03 per cent increase when compared with data for the fourth quarter of last year and 34.61 per cent rise when compared to the first quarter 2018 figure.

“The total value of capital importation into Nigeria stood at $8,485 million in the first quarter of 2019. This represents an increase of 216.03 per cent compared  to fourth quarter   …