record

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 …

NNPC reports $226m oil revenue drop in June

NNPC Refineries record deficits of ₦141b within 13 months

June 20, 2019 1:52 am

Refineries operated by the Nigeria National Petroleum Corporation (NNPC), recorded deficits running into N141billion within 13 months, between January 2018 and January 2019.Indeed, the sum is capable of addressing capital projects in critical sectors of the economy as captured in the 2019 Budget.

A breakdown showed that the losses are capable of funding projects worth N80.29billion, which are expected to drive the agriculture sector in order to address food insecurity and set the economic diversification drive of the current administration on track.

Without borrowing, the current losses would have taken care of practically all capital allocations for health, education, as

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Tiger Woods misses the cut at PGA, Koepka sets tour record

May 17, 2019 8:10 pm

Tiger Woods missed the cut after the second round of the PGA championship, as the defending champion Brooks Koepka completed the lowest 36-hole showing in major golf history Friday to seize a record seven-stroke.

Woods struggled in his first event since ending an 11-year major win drought by capturing last month’s Masters for his 15th major title.

“Just didn’t quite have it,” Woods said after firing a 73 to stand on 145, one over the cut line. “Did a lot of little things wrong.

“There’s no reason I can’t get up to speed and start cranking it back up again. …

UNN sets record of electricity generation with waste

March 19, 2019 11:29 am

The University of Nigeria Nsukka (UNN) has in Nigeria, set the record of electricity generation by using organic waste to install 100KVA Refuse Drived Fuel (RDF) gasification plant for its Nsukka Campus.

Prof Benjamin Ozumba, UNN Vice-Chancellor, commended the project during its inauguration and said the university would no longer be a customer to the Enugu Electricity Distribution Company (EEDC).

According to him, the project is first of its kind in Nigeria and another feather added to the cap of the institution.