Friday, May 3

Insight into the Rivers Crisis: Dele Momodu Unveils the Root Cause of the Conflict Between Wike and Fubara
3May By Mariam AbdullahiNo Comments
News

Insight into the Rivers Crisis: Dele Momodu Unveils the Root Cause of the Conflict Between Wike and Fubara

An analysis by veteran journalist, Dele Momodu, sheds light on the underlying reasons for the ongoing feud between Governor Sim Fubara of Rivers State and the Minister of the Federal Capital Territory, FCT, Nyesom Wike. In his assessment, Momodu attributes the political animosity between Wike and Fubara to a struggle for control over the treasury of Rivers State. These revelations were made during an interview on Channels TV’s Politics Today program on Thursday night by the Peoples Democratic Party, PDP, stalwart. The clash between Fubara and Wike has escalated ever since the governor assumed office on May 29, 2023, impacting various sectors including the state House of Assembly, local government chairmen, and state commissioners aligned with the respective parties. In a bid to mediate...
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Mauricio Pochettino Expresses Uncertainty About Future at Chelsea Despite Win Over Tottenham
3May By Ofomata EdidiongNo Comments
Sports

Mauricio Pochettino Expresses Uncertainty About Future at Chelsea Despite Win Over Tottenham

Following Chelsea's impressive 2-0 victory over Tottenham, manager Mauricio Pochettino remains uncertain about his future at the club and whether he will have sufficient time to restore Chelsea as contenders in the Premier League. In a post-match interview, Pochettino voiced his frustration regarding the ongoing speculation surrounding his tenure, emphasizing the need for managers to be given time to implement their ideas and philosophy successfully. Despite coping with key player absences due to injuries, Chelsea secured the win with Pochettino underscoring the significance of team cohesion over individual star power. Nevertheless, he continues to harbor doubts about his longevity at the club and is irked by the constant scrutiny and judgment he faces. Speaking about the situat...
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Dele Momodu: APC Tactics and Tinubu’s Role in Political Discord
3May By Obi UgochuwkuNo Comments
Politics

Dele Momodu: APC Tactics and Tinubu’s Role in Political Discord

Pointing fingers at the All Progressives Congress (APC), Dele Momodu, a prominent member of the Peoples Democratic Party (PDP), accused the ruling party of actively working to obliterate opposition forces. According to Momodu, the APC employs a strategy of either buying off individuals who are susceptible to such influences or intimidating those who are not, all with the goal of undermining opposition movements. During an appearance on Channels Television’s Politics Today, Momodu laid blame for all the challenges faced by the PDP squarely on the doorstep of the APC. Citing President Bola Tinubu as a key figure in this strategy, Momodu criticized Tinubu for stifling opposition voices despite his own past as a successful opposition leader who managed to overturn the dominance of the PDP...
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Nigerian Government Increases Maximum Deposit Insurance Coverage for Banks
3May By Afolake IbidunNo Comments
Business

Nigerian Government Increases Maximum Deposit Insurance Coverage for Banks

Following recent developments, the Nigerian Government has raised the Maximum Deposit Insurance Coverage for banks that are operating in the country. During a recent media briefing, the Managing Director of the Nigeria Deposit Insurance Corporation, Bello Hassan, revealed the new coverage thresholds. The revised insurance coverage now stands at N5 million for Deposit Money Banks (DMBs), up from N500,000. For Microfinance Banks, the coverage has been increased from N200,000 to N2 million. Similarly, Primary Mortgage Banks (PMBs) will now have coverage of N2 million, up from N500,000. Subscribers of Mobile Money Operators will also benefit from an increased coverage, rising from N500,000 to N5 million per subscriber. Hassan underlined that the objective of this update is to enhance depos...
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3May By Ofomata EdidiongNo Comments
Sports

Piers Morgan Criticizes Ten Hag’s Handling of Ronaldo and Sancho at Manchester United

Iconic British broadcaster Piers Morgan recently took aim at Manchester United manager Erik ten Hag, accusing him of struggling to manage top-tier players such as Cristiano Ronaldo and Jadon Sancho during their time at the club. In a tweet, Morgan criticized Ten Hag for his perceived inability to navigate challenging personalities, which led to Ronaldo's departure in late 2022 and a public disagreement between Sancho and the manager earlier this season. Morgan suggested that Ten Hag's managerial shortcomings were evident in the struggles of players like Rashford under his leadership, contrasting with the stellar performances of Ronaldo and Sancho since leaving United. Expressing his views on social media, Morgan tweeted: "The performances of Ronaldo and now Sancho at other clubs, alongs...
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PDP Emerges Victorious as Oyo Local Government Elections Witness Mixed Reactions
3May By Obi UgochuwkuNo Comments
Politics

PDP Emerges Victorious as Oyo Local Government Elections Witness Mixed Reactions

Local government elections were held across the 33 council areas in Oyo State on Saturday, April 27, 2024 by the Oyo State Independent Electoral Commission (OYSIEC). Even though the elections were managed by Isiaka Olagunju, a Senior Advocate of Nigeria (SAN), they have sparked varied responses. OYSIEC reported that the elections were conducted peacefully in all 33 local government areas and 361 wards. However, our correspondent, who observed the elections, noted challenges such as voter apathy and delayed arrival of electoral materials at most polling units. The electoral commission had assured that voting would begin at 8 am and conclude by 3 pm, but this timeline was not followed at many polling stations. In addition, result sheets were missing in several polling units. Despite thes...
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An Activist’s Legal Battle Against MultiChoice Over Tariff Increase
3May By Mariam AbdullahiNo Comments
News

An Activist’s Legal Battle Against MultiChoice Over Tariff Increase

Recently, Multichoice Nigeria, the company behind Nigerian pay TV services DStv and GOtv, announced a price hike for its packages. Despite a court order, the new prices came into effect on May 1, 2024, with the South African-owned company attributing the increase to a surge in operational costs. This move has sparked anger among Nigerians, with subscribers facing increased rates across various bouquet options. For example, customers on the DStv premium bouquet will now pay N37,000, up from N29,500, while those on the Compact+ package will pay N25,000 instead of N19,800. Furthermore, Compact bouquet subscribers will see their monthly fee rise from N12,500 to N15,700. Similarly, GOtv packages like Supa plus, Supa old, Max, Jolli, Jinja, and Smallie have all witnessed price hikes. In resp...
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Enugu Assembly Takes Action to Regulate Masquerade Activities Following Nurse Attack
3May By Mariam AbdullahiNo Comments
News

Enugu Assembly Takes Action to Regulate Masquerade Activities Following Nurse Attack

A committee has been established by the Enugu State House of Assembly to develop practical measures for overseeing the activities of masquerades within the state. This decision comes in response to the recent incident where a female nurse, Ms Blessing Ogbonna, was mistreated by a group of masquerades in Ihe-Owerre, Nsukka Local Government Area. The formation of the ad-hoc committee was initiated during the assembly session in Enugu following a proposal put forward by Mr Malachy Onyechi aimed at addressing the violation of human rights, threats to life, and property damage caused by masquerades in Nsukka West Constituency. Representing Nsukka West constituency, Onyechi highlighted the concerning prevalence of masquerade-related issues in his region, leading to injuries and fatalities. ...
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3May By Afolake IbidunNo Comments
Business

Ijeoma Malo: Off-grid Solar Energy a Viable Option Amid Electricity Tariff Increase in Nigeria

In a recent media roundtable in Abuja, Ijeoma Malo, the Chief Executive Officer of Clean Energy Tech Hub, emphasized the potential of off-grid energy solutions, particularly solar power, as a feasible alternative for Nigerians facing the recent surge in electricity tariffs. The Nigerian Electricity Regulatory Commission endorsed a significant 240% increase in electricity tariffs for band A customers on April 3, 2024, who receive a minimum of 20 hours of power supply. Addressing the ongoing developments in the country's energy sector, Malo highlighted the emerging balance brought about by the recent tariff increment. She mentioned that the Clean Energy Tech Hub has collaborated with the Federal Government of Nigeria and Subnationals to formulate Renewable Energy Policy documents. R...
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Foreign Exchange Market Update: Naira Falls Against Dollar
3May By Afolake IbidunNo Comments
Business

Foreign Exchange Market Update: Naira Falls Against Dollar

Recent data indicates a decline in the value of the Naira relative to the US Dollar in the foreign exchange market. According to FMDQ figures, the Naira slipped to N1402.67 per Dollar on Thursday, down from N1,390.96 reported on Tuesday. This reflects a loss of N11.71 compared to the Tuesday rate of N1,390.96. Conversely, the Naira saw some gains at the parallel market, climbing to N1340 per Dollar on Thursday from N1360 per Dollar on Tuesday. Reports from NewsNow quote Aminu Gwadabe, the National President of the Association of Bureaux De Change of Nigeria, who expressed confidence that the organization's efforts to streamline retail foreign exchange operations will contribute to the stabilization of the Naira in the forex market.
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