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Akwa Ibom state government says it has received N186 billion as refunds of arrears of 13 percent of oil derivation proceeds from the federal government. Linus Nkan, Akwa Ibom state commissioner for finance, made this known at a recent news conference in Uyo, the state capital. The 13 percent derivation fund comes from the federation revenue to oil-producing communities through the state governments as enshrined in section 162, sub-section 2 of the Nigerian constitution. Last week, Nyesom Wike, Rivers state governor, disclosed that the projects he recently inaugurated were financed with the state’s share of the 13 percent derivation arrears…
A 500-level student of the Federal University, Dutse, Aminu Muhammad, accused of criticising the wife of the president, Aisha Buhari, has been remanded in a custodial centre. The 24-year-old was remanded after his arraignment at the FCT High Court on Tuesday. The charge read, “That you, Aminu Adamu, of Anguwar Sarakuna, Bauchi, Bauchi State, sometime between May and June 2022 within the jurisdiction of this honourable court, did intentionally open a Twitter handle with the name @aminullahie Catalyst and screenshot the image of Aisha Buhari, and wrote on it in Hausa language ‘Su mama anchi kudi talakawa ankoshi’ roughly translated…
RUSSIAN PERSPECTIVE European Commission president Ursula von der Leyen has presented the total number of losses estimated to have been suffered by Ukraine in its conflict with Russia. “More than 100,000 Ukrainian military officers have been killed so far,” von der Leyen claimed on Wednesday, while adding that around 20,000 civilian lives have also been lost amid the fighting, which has continued since late February. The head of the European Commission didn’t reveal the sources of the information she provided. In late September, Russia’s Defense Minister Sergey Shoigu stated that Ukrainian losses had to date amounted to more than 61,000…
Federal government borrowed N6.3 trillion from the Central Bank of Nigeria (CBN) in the first 10 months of 2022. Ways and Means is a loan facility through which the CBN finances the government’s budget shortfalls. The data, obtained from CBN’s website, showed that the Ways and Means’ debt climbed from N17.5 trillion in December 2021 to N23.8 trillion in October 2022 — an increase of N6.3 trillion in 10 months. Analysis by TheCable Index shows that the federal government borrowed N704.3 billion from the CBN in January, N226.3 billion in February, N507.7 billion in March, and N112.3 billion in April.…
Wednesday, 30 November 2022 05:54

FG provides timeline for end to fuel importation

Nigeria expects to stop importing petroleum products from before or around the third quarter of 2023, oil minister Timipre Sylva said on Tuesday. Sylva said a refurbished refinery in Port Harcourt in the oil-producing Niger Delta would be delivering 60,000 barrels per day of refined crude by the end of December. The minister also said he still expects the new Dangote refinery to come on stream in the first quarter of next year. "We're expecting that we will actually be exiting the importation of petroleum products from maybe about third quarter next year if I was to give it a…
Federal Government has approved the commencement of 14 working-day paternity leave for federal civil servants. Head of the Civil Service of the Federation (HoCSF), Folasade Yemi-Esan, said this on Monday in a November 25 circular with ref no: HCSF/SPSO/ODD/NCE/RR/650309/3. The circular titled, “Computation of Leave Based on Working Days and Approval of Paternity Leave in the Public Service,” said that this is in line with the provisions of the Public Service Rules, 2021 Edition, that the computation of all leave shall be based on working days. “Government has also approved Paternity Leave for serving male officers whose spouse delivers a…
Two of three stowaways who were rescued in Spain's Canary Islands after enduring 11 days on the rudder of a fuel tanker from Nigeria have been returned to the ship with the aim of deporting them. The third person, who suffered hypothermia and dehydration during the voyage, has not yet been released from hospital on Gran Canaria, a local government spokesperson said. Under Spanish law, any stowaway who does not seek asylum must be returned by the operator of the ship to the port where the journey originated, a police spokesman told Reuters. In a photograph on Twitter by the…
Wednesday, 30 November 2022 05:49

What to know after Day 280 of Russia-Ukraine war

WESTERN PERSPECTIVE NATO allies promised more arms for Kyiv and equipment to help restore Ukrainian power and heat knocked out by Russian strikes, as Ukraine President Volodymyr Zelenskiy said Moscow's forces were attempting to advance in multiple regions. Ukrainians on Tuesday fled for bomb shelters after air-raid warning sirens, although the all-clear later sounded across the country. In the eastern Donetsk region Russian forces pounded Ukrainian targets with artillery, mortar and tank fire. Zelenskiy said the Russian military was also attacking in Luhansk in the east and Kharkiv in the northeast, the latter an area Ukraine recaptured in September. "The…
Men are producing fewer sperm all over the world. According to a recent study published in the academic journal Human Reproduction Update, men of all demographics are seeing a significant enough reduction in sperm count that scientists are calling for awareness. If this reduction continues at its current pace it could lead to human extinction. The study is a meta-analysis, which means that it examines relevant data from other studies to hone in on a specific phenomenon. In this case, the data looked at men’s average sperm counts from 1973 to 2018 in two separate meta-analyses that account for all…
Osun State Governor Ademola Adeleke has sacked 12,000 workers and ordered the dethronement of three monarchs. Adeleke also nullified the appointment of 30 Permanent Secretaries and suspended the chairman and members of Osun State Independent Electoral Commission (OSIEC). The immediate past governor Adegboyega Oyetola employed the sacked workers and 30 permanent secretaries in late July. Monarchs dethroned by Adeleke include Akinrun of Ikinrun Yinusa Akadiri; Aree of Ire Ademola Oluponle and Owa of Igbajo, Gboyega Famodun. He ordered the monarch to vacate the palace, asking security operatives to take over. Adeleke in a statement by his Chief Press Secretary Olawale…
November 25, 2024

From zero to $10 billion annual transactions: How Jiji became one of Nigeria’s e-commerce leaders

When Jiji launched in 2014, it entered a competitive e-commerce market in Nigeria, joining the…
November 24, 2024

PDP governors urge Tinubu to review economic policies amid rising hardship

Governors elected on the platform of the Peoples Democratic Party (PDP) have called on President…
November 24, 2024

Older adults opened up about things they ‘took for granted’ in their 20s and 30s

Last month, we wrote a post where older adults from the BuzzFeed Community shared things…
November 16, 2024

Influencer eats pig feed in extreme attempt to save money

Popular Douyin streamer Kong Yufeng recently sparked controversy in China by eating pig feed on…
November 22, 2024

FG excited as pro-Biafra agitator Simon Ekpa arrested in Finland on terrorism charges

Simon Ekpa, the controversial leader of the pro-Biafra faction Autopilot, was arrested by Finnish authorities…
November 25, 2024

Here’s the latest as Israel-Hamas war enters Day 416

Hezbollah rockets land near Tel Aviv after large Israeli strike on Beirut Lebanon's Hezbollah movement…
November 21, 2024

Nigeria comes top in instant payment system inclusivity index in Africa

Nigeria’s instant payment system is projected to advance to the maturity inclusion spectrum ahead of…
October 27, 2024

Nigeria awarded 3-0 win over Libya after airport fiasco

Nigeria have been awarded a 3-0 victory over Libya, and three vital points, from their…

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