October 17, 2019

AC Milan Suffer Record 146 Million Euro Losses – Reports

AC Milan Suffer Record 146 Million Euro Losses – Reports

October 17, 2019 7:56 am

Troubled former Italian footballing giants AC Milan have suffered record losses, according to reports in Italy on Wednesday.

Gazzetta Dello Sport claimed that in the year to June 30, 2019, losses rose by 16 percent to 146 million ($162 million) euros compared to 126 million euros for the same period the previous year.

Gazzetta said the figures were far worse than the predicted loss of 90 million euros.

US hedge fund Elliott took over the debt-ridden seven-time European champions from Chinese businessman Li Yonghong in July 2018.

The club’s absence from European football has had an impact on merchandising and …

Britain And EU Strike Brexit Deal Ahead Of Summit

Britain And EU Strike Brexit Deal Ahead Of Summit

October 17, 2019 7:43 am

Britain and the European Union reached a last-ditch Brexit deal on Thursday, just hours before an EU summit that is expected to give it a seal of approval.

But Prime Minister Boris Johnson will still have to take the accord to a skeptical British parliament for its backing on Saturday, and it is far from certain that it will pass.

Johnson, who has pledged to take Britain out of the EU with or without an agreement, tweeted: “We’ve got a great new deal that takes back control – now Parliament should get Brexit done on Saturday.”

EU officials are pleased …

Court Frees Nine Zakzaky Shi’ites Members In Kaduna

Court Frees Nine Zakzaky Shi’ites Members In Kaduna

October 17, 2019 7:14 am

The Kaduna State High Court has freed nine members of the Sheikh El-Zakzaky-led Islamic Movement in Nigeria (IMN) also known as Shiites arrested following the proscription order by the Kaduna State Government in 2016.

The nine shi’ites members, including two women, were arrested precisely three years ago while on their way to attend the Islamic religious rite of Ashura mourning in Kaduna and have been in detention since 2016.

Justice Shiri Nyom discharged and acquitted the sect members of the charges levelled against them, a statement by the President Media Forum of the Islamic Movement in Nigeria, Ibrahim Musa stated.…

Labour: Agreement On Minimum Wage Increase Is A Hoax

Labour: Agreement On Minimum Wage Increase Is A Hoax

October 17, 2019 7:04 am

The President, Nigeria Labour Congress (NLC) Dr. Ayuba Wabba, has described as mere speculation, reports of an agreement to a 20 percent and 13.5 percent consequential adjustments for workers on Grade Levels 7-14 and 15-17 respectively.

At the minimum wage meeting, Wabba said although organized labor and the government’s representatives have made concessions, they were both discussing to reach a definite agreement on the salary adjustments.

“We have made progress in many areas, the areas we are talking is that of implementation and the consequential adjustment, that is the only subject matter that is under consideration and that is …

13 States Benefited From Global Fund Malaria Initiative

13 States Benefited From Global Fund Malaria Initiative

October 17, 2019 6:47 am

Thirteen states of the federation, including Kaduna, Kano, Katsina, Jigawa, Kwara, Niger, Taraba, Gombe, Yobe, Adamawa, Ogun, Osun and Delta states are currently benefiting from the health and peace initiative supported by the Global Fund (GF).

The Civil Society is driving the health initiative in Malaria Control, Immunisation and Nutrition (ACOMIN).

ACOMIN said it has so far commenced work on the prevention, treatment and mitigation of the impact of malaria as well as the promotion of immunisation and better nutrition in the 13 states in Nigeria.

The states are also benefiting from peacebuilding initiative of ACOMIN among the warring communities.…

Dapo Offers Best Graduating Student Automatic Employment

Dapo Offers Best Graduating Student Automatic Employment

October 17, 2019 6:29 am

The Ogun State Governor, Prince Dapo Abiodun, has offered Miss Akintola Esther Modupe, the best graduating student of the Federal Polytechnic, Ilaro, automatic employment.

Akintola graduated with a cumulative average grade of 3.90 out of the maximum 4.

She would commence work immediately after her mandatory one-year national youth service scheme.

Prince Abiodun made this known at the 40th anniversary and 19th convocation ceremony of the polytechnic, held in the school premises on Wednesday.

The governor said that the decision to offer the best graduating student an automatic employment was done to encourage others to do more.

The governor …

OVH Energy Partners Oando Foundation to Upgrade School

OVH Energy Partners Oando Foundation to Upgrade School

October 17, 2019 6:22 am

OVH Energy, Nigeria’s leading downstream marketing Company and licensee of the Oando retail brand, has partnered with the Oando Foundation in the global push for quality education.

These organizations recently embarked on the upgrade of a Model Primary School in Onne, Port-Harcourt, Rivers State, which is a beneficiary school under the Oando Adopt-A-School Program and is within OVH Energy’s host community.

The strategic partnership comes on the heels of OVH Energy’s efforts to foster the United Nation’s Sustainable Development Goal Four (4) on Basic Education, aimed at holistic improvement of public primary schools to improve access to qualitative education and …

Kwara Pays ₦60m Counterpart Fund For Community Projects

Kwara Pays ₦60m Counterpart Fund For Community Projects

October 17, 2019 6:13 am

Kwara State Governor, Alhaji AbdulRahman AbdulRazaq has approved ₦60 million counterpart funds to key into the World Bank-funded Community and Social Development Projects (CSDP) that will help attract development to rural areas.

The payment which was a requirement for any state to be considered for the initiative would enable the Kwara State Community and Social Development Agency (KWCDA) access over ₦1 billion to implement micro-projects in various communities that express interest and pay 10 percent of whatever project to be sited there.

A statement issued in Ilorin, that was signed by the Permanent Secretary Ministry of Planning and Economic Development …

200 Youths Graduate from Dangote Refinery’s SAP

200 Youths Graduate from Dangote Refinery’s SAP

October 17, 2019 6:04 am

About 200 youths from Ibeju-Lekki community in Lagos State have graduated from the various skills acquisition programme organised by Dangote Petroleum Refinery as a way of transforming society and providing employment opportunities for the youths.

The programme was put together by Dangote Petroleum Refinery and facilitated by the National Directorate of Employment (NDE) and the Nigerian Content Development and Management Board (NCDMB).

The skills acquisition programme, which cuts across a wide range of vocational skills such as plumbing, welding, iron bending, auto mechanics and electrical works, marked the successful completion of the first batch the trainees.

The programme marks another …

Implement Revenue Drive With Caution, FSDH Tells FG

Implement Revenue Drive With Caution, FSDH Tells FG

October 17, 2019 5:55 am

The federal government has been advised to implement its revenue drive with caution, so as to limit undue pressure on businesses and consumers.

Analysts at FSDH Merchant Bank Limited gave the advice in a report on the proposed 2020 Appropriation Bill President Muhammadu Buhari submitted to the National Assembly recently. A copy of the report was made available to newsmen yesterday.

The Lagos-based research and investment bank pointed out that given the slow economic recovery with Gross Domestic Product (GDP) growth below two percent, the government should avoid measures that would emasculate businesses.

The firm, however, welcomed the early presentation …

Jumia Urges FG To Use Technology For Productive Economy

Jumia Urges FG To Use Technology For Productive Economy

October 17, 2019 5:44 am

The Chief Executive Officer of Jumia Nigeria, Juliet Anammah has identified access to quality education as the key to managing huge population for a productive economy. She, therefore, called on the federal government to leverage technology to manage its huge population for a productive economy.

According to her, there is a need for policies that support micro industries in order to tackle unemployment. “Providing unemployed youths with internet-enabled smartphones is one of the infrastructure that could take millions out of unemployment,” she said.

Anammah made this disclosure while speaking as a panel member at the 25th Nigerian Economic Summit in …

NCDC: Incidence Of Monkeypox Hits Lagos, Rivers, Akwa Ibom

NCDC: Incidence Of Monkeypox Hits Lagos, Rivers, Akwa Ibom

October 17, 2019 5:36 am

• Disease control centre confirms five new cases
• Says national response ongoing in partnership with states
• Edo, Bauchi, Ondo record fresh Lassa fever outbreak, fatality

The Nigeria Centre for Disease Control (NCDC) yesterday confirmed five news cases of Monkeypox in Lagos, Rivers and Akwa Ibom states.

The resurgence comes two years after the index case was reported in the country. While Lagos, in the current reappearance, recorded three cases, Rivers and Akwa Ibom have one each.

According to the latest situation report on monkeypox and Lassa fever published by the NCDC yesterday, “In the reporting month (September 2019), …

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