Tuesday, May 14

Concerns Raised by Olofinjana Over NFF’s Decision to Offer Finidi a One-Year Contract
14May By Ofomata EdidiongNo Comments
Sports

Concerns Raised by Olofinjana Over NFF’s Decision to Offer Finidi a One-Year Contract

A former international player, Seyi Olofinjana, has expressed dissatisfaction with the duration of the contract given to the new Super Eagles head coach, Finidi George. Finidi, who was officially introduced by the Nigeria Football Federation, has signed a one-year deal with the possibility of extending for another year. Tasked with the responsibility of guiding the Super Eagles to qualify for the 2026 FIFA World Cup and the 2025 Africa Cup of Nations, the 53-year-old coach faces a challenging tenure. Olofinjana believes that a one-year contract may not provide Finidi with sufficient time to produce substantial results. Sharing his thoughts on Supersports Monday Night Football, Olofinjana remarked, "It is positive to see a former national team player who understands the essence of ...
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Ex-Senator Criticizes Fubara for Alleged Lack of Respect Towards Tinubu and Targeting Wike
14May By Obi UgochuwkuNo Comments
Politics

Ex-Senator Criticizes Fubara for Alleged Lack of Respect Towards Tinubu and Targeting Wike

In a recent development, former Rivers Southeast Senatorial district lawmaker, Senator Olaka Nwogu, has launched a scathing critique against Governor Siminalayi Fubara of Rivers State over his decision to initiate investigations into past governments. This decision by Fubara, announced on Monday, focuses on probing the previous administrations, especially under the leadership of Nyesom Wike, the current Minister of the Federal Capital Territory, FCT. Amidst the state's current political turmoil stemming from a rift between the Governor and the Minister, Nwogu spoke out in Port Harcourt on Monday, urging Fubara to cease what he described as a witch-hunt against Wike. Expressing his disappointment, the former lawmaker highlighted that despite efforts by President Bola Tinubu to mediate i...
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Commencement of Bidding Process for 12 Oil Blocks by Nigerian Government
14May By Afolake IbidunNo Comments
Business

Commencement of Bidding Process for 12 Oil Blocks by Nigerian Government

An announcement has been made by the Nigerian government regarding the commencement of the bidding process for the sale of 12 oil blocks. Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, revealed this information in a statement issued on Monday in Abuja. The 2024 Nigeria Petroleum Licensing Round has officially begun along with the resumption of the 2022/2023 mini-bid round. Expressing the government's position, Komolafe stated, “The Nigerian Upstream Petroleum Regulatory Commission, acting on behalf of the Federal Government of Nigeria, is delighted to initiate the 2024 Petroleum Licensing Round.” Detailing the available blocks, Komolafe mentioned, “A total of 12 blocks spanning deep offshore, shallow water, and onshore areas have been ea...
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Transfer of N5.5tn to Finance Ministry, DFIs: CBN’s Response to Hardship
14May By Afolake IbidunNo Comments
Business

Transfer of N5.5tn to Finance Ministry, DFIs: CBN’s Response to Hardship

Amid its restructuring plan, the Central Bank of Nigeria, CBN, is set to transfer N5.5 trillion towards development activities to the Ministry of Finance and Development Finance Institutions (DFIs). A recent report reveals that this strategic move is in line with recommendations from the International Monetary Fund, IMF, emphasizing the importance of CBN focusing on its core central banking functions and streamlining economic policies. The CBN's decision to phase out its development finance activities has been positively received. The transferred funds (5.5 trillion naira) will be allocated to development finance institutions, jointly owned by the Ministry of Finance Incorporation (MOF), the CBN, and private financial institutions. Ensuring a smooth transfer of portfolios is crucial t...
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Verbal Spat between LP Gubernatorial Candidate Akpata and Edo Deputy Governor Omobayo over Secretariat Invasion
14May By Obi UgochuwkuNo Comments
Politics

Verbal Spat between LP Gubernatorial Candidate Akpata and Edo Deputy Governor Omobayo over Secretariat Invasion

In Edo State, Olumide Akpata, the Labour Party contender for the upcoming governorship election on September 21, 2024, and Marvellous Godwins Omobayo, the state's deputy governor, are at odds regarding the purported invasion of the party's secretariat and the dismissal of its state executive. Reports from NewsNow indicate that a group of Labour Party members, mainly youths, led by the now suspended youth leader of the party, Ken Omusi, stormed the party's secretariat in Benin City last Thursday. They announced the removal of the party's executive members, with Omusi declaring himself as the interim chairman of the party. Following a stakeholders' meeting, Akpata accused the deputy governor, Marvelous Omobayo, of backing the youths involved in the invasion. Akpata alleged that Omobay...
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Ondo: NLC and TUC Take Action Against NERC and BEDC
14May By Mariam AbdullahiNo Comments
News

Ondo: NLC and TUC Take Action Against NERC and BEDC

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have closed down the Ondo State headquarters of the Benin Electricity Distribution Company (BEDC) in Akure, following the recent increase in electricity tariffs across the country. This protest is in line with the directive from the national leadership of the organized labor in response to actions by the National Electricity Regulatory Commission (NERC). The unionists have blocked the main gate of the BEDC office, preventing staff from entering the premises as they demand a reversal of the tariff hike. During the picketing, the Ondo State NLC Chairman, Comrade Victor Amoko, criticized the tariff increase as unjustifiable. He expressed dissatisfaction with the lack of adequate electricity supply despite the high tariff...
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14May By Afolake IbidunNo Comments
Business

Decline in Foreign Remittance to Nigeria Seen in Q1 of 2024

During the first quarter of 2024, foreign remittances from abroad to Nigeria experienced a decrease of 6.28%. Recent data released by the Central Bank of Nigeria indicates a drop in foreign remittance, referring to money transfers from Nigerians living abroad to their family members or other individuals in Nigeria, with a decrease of $282.6 million compared to the same period last year where it was $301.57 million. Breaking it down monthly, direct remittances saw an increase with a total of $138.56 million received, reflecting a 75% growth from the $79.19 million reported in January 2023. However, remittances dropped to $39.15 million in February, marking a 53.26% decrease from $83.76 million in the prior year. This trend continued through March 2024, wherein remittances total...
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Delta State Government Starts Demolishing Illegal Structures on University Lands
14May By Mariam AbdullahiNo Comments
News

Delta State Government Starts Demolishing Illegal Structures on University Lands

The demolition of illegal structures on lands belonging to Dennis Osadebay University, Anwai-Asaba, was initiated by the Delta State Government on Monday. Chairman of the Task Force, Chief Frank Omare, stated during the demolition operation that they were tasked by the state government to reclaim all government lands unlawfully taken over by individuals or organizations throughout the state. Addressing concerns raised by students residing in the demolished buildings, Omare mentioned that their supposed landlords should have notified them beforehand. Some unscrupulous landlords were reported to have collected a year’s rent from the students just last week, despite being instructed to vacate the area. He mentioned that the university management had arranged alternative accommodation f...
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McKennie’s Choice for Greatest Player Of All Time: Cristiano Ronaldo
14May By Ofomata EdidiongNo Comments
Sports

McKennie’s Choice for Greatest Player Of All Time: Cristiano Ronaldo

A unique perspective on the ongoing debate of the Greatest player Of All Time (GOAT) between Lionel Messi and Cristiano Ronaldo comes from Juventus midfielder, Weston McKennie. With firsthand experience of playing alongside Ronaldo at Juventus, McKennie witnessed the exceptional work ethic and skill of the Portuguese legend. In McKennie's view, the former Real Madrid forward surpasses the Argentina captain. During a recent interview with Heat, McKennie shared his stance on the debate, stating: "We know Ronaldo and have seen him up close, so I would say Cristiano." Having won a combined total of 13 Ballon d’Or awards, Messi and Ronaldo stand out as footballing icons. Notably, the former Barcelona captain now plies his trade for Inter Miami, while Ronaldo currently showcases his talents...
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14May By Ofomata EdidiongNo Comments
Sports

Merson predicts Man Utd won’t surpass Arsenal in the upcoming season in the EPL

In his latest forecast, former Arsenal star Paul Merson anticipates Manchester United finishing below Arsenal in the Premier League standings next season. Merson shared his doubts about Tottenham's chances of defeating Manchester City during a recent commentary. "Next season, regardless of how many players from Manchester United regain fitness, I strongly believe they will not outperform Arsenal," remarked Merson in an interview with Sky Sports. "It's not feasible. And I'll even go so far as to get another tattoo. There's absolutely no way. They have a 30-point deficit behind Arsenal in the current season." "Arsenal is very likely to secure second place. If you're counting on Tottenham to win or draw a match... well, that's doubtful. If they do succeed, I will get a Tottenham tattoo w...
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