Month: November 2017

Chevron contributes $5m to HIV fund to in Nigeria

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Chevron Nigeria Limited, (CNL), an affiliate of Chevron Corporation (Chevron), announced the disbursement of US$2.5 million donated by Chevron to the Global Fund to Fight AIDS, Tuberculosis and Malaria (Global Fund), for the implementation of the Chevron-Global Fund Anti-Retroviral Treatment Service Maintenance Program (ART Program), in Delta, Bayelsa, Ondo and Lagos States. In 2018, a final instalment of US$2.5 million will be disbursed to support these HIV programs, amounting to a total contribution of US$5 million by Chevron These funds are in addition to US$6.7 million earlier donated by Chevron…

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Eedris Abdulkareem replies 2Baba after he asked him to stop talking nonsense

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2face Idibia recently went on a twitter rant against Eedris Abdulkareem, who in recent interviews berated the quality of music being released, slammed Bobrisky and asked 2face to show love to Blackface ‘because he made him who he is today’. “I was very happy. I wanted him to talk. 2face is a very good, nice and simple guy. I was on tour with 2face, Blackface, Plantashun Boiz, the remedies, and I saw what Blackface did to 2face. When I came back to Lagos, I went solo and did a song called Wakka wiki MC. At…

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India launches first electric car charging station, oil import from Nigeria plunges

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The world’s third biggest oil consumer, India, has launched its first Electric Vehicle (EV) charging facility, a major boost to the country’s 2030 target to switch fully to electric mobility. The launch came less than 48 hours after Japanese automakers, Toyota, the world’s No. 2 automaker and Suzuki, the third largest car maker in Japan on local sales, finalized an agreement to manufacture and sell electric vehicles  in India by 2020. The move, particularly the involvement of Suzuki gives further credence to the government’s vision of switching to alternative fuel…

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Nigeria floats US$3bn dual-tranche bond

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The Federal Government yesterday said it has priced its offering of $3bn aggregate principal amount of dual series notes under its US$4.5 billion Global Medium Term Note programme (increased from US$1.5bn). The notes comprise a US$1.5bn 10-year series and a US$1.5 billion 30-year series. The 10-year series will bear interest at a rate of 6.5%, while the 30-year series will bear interest at a rate of 7.625%, which will be repayable with a bullet repayment of the principal on maturity. A statement yesterday by the Special Adviser to the minister…

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Police Hunt Burna Boy Over Attack On 2kay

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Police in Lagos are on a manhunt for popular musician, Damini Ogiulu alias Burna Boy for his alleged involvement in the attack on David Abiye alias 2Kay. Abiye was attacked by four armed men inside his room 847, at Eko Hotels, Victoria Island on October 22. Abiye was a guest artist at a big show at Eko Hotel organized by Buchwyld network limited which featured many other artists. During the attack the suspect made away with 2Kay’s property worth over N13 million. Lagos State Commissioner Imohimi Edgal said investigations conducted…

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N/Korea plans another missile launch, spies say

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South Korean spy agencies fear North Korea may fire an “array of ballistic missiles” before the year’s end in a bid to show its strength and deter the United States and its allies from further interference in Pyongyang’s nuke and missile programs. South Korea’s parliamentary intelligence committee was briefed by Seoul’s National Intelligence Service in a closed door meeting Monday where new intelligence on North Korea was discussed, Reuters reported. North Korea launched its last missile in early September, with the ICBM flying over Japan. “The agency is closely following…

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Zimbabwe’s Robert Mugabe, facing impeachment, calls cabinet meeting

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Zimbabwe’s ruling party on Monday ordered impeachment proceedings to begin against longtime President Robert Mugabe and expressed confidence that he could be voted out within two days, while the world’s oldest head of state ignored the party’s midday deadline to resign and instead summoned ministers to a Cabinet meeting on Tuesday morning. The ruling Zanu-PF party’s deputy secretary for legal affairs Paul Mangwana said lawmakers would move a motion for impeachment on Tuesday and set up a parliamentary committee, and on Wednesday the committee would report back to all lawmakers…

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Beyonce emerges world’s highest paid female singer

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Beyonce’s hit album “Lemonade” and world tour made her the highest-paid woman in music in 2017, according to an annual Forbes list on Monday. The Pop Diva edged out Britain’s Adele and pop star Taylor Swift. The R&B singer earned some 105 million dollars from record sales and from her “Formation” concert tour, according to Forbes. She also has her own Ivy Park fashion line and other business interests. Adele, whose “25” album broke first-week U.S. sales records in 2015 and who completed her first major tour since 2011, made…

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Donald Trump declares North Korea state sponsor of terror

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President Donald Trump on Monday declared North Korea a state sponsor of terrorism, returning Kim Jong-Un’s nuclear-armed pariah regime to a short blacklist of targeted US foes. “Should have happened a long time ago. Should have happened years ago,” Trump declared, announcing the designation at the start of a White House cabinet meeting. North Korea is already under a wide array of United States and United Nations sanctions, and the terror designation will not have much immediate economic impact in itself. But US officials see the designation — lifted by…

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Buhari mourns Ekwueme, condoles with Nigerians

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resident Muhammadu Buhari has condoled with Nigerians, and the Government and people of Anambra, on the passing away of elder statesman and former Vice President, Dr Alex Ekwueme, who died on Nov. 19. President Buhari, in a statement issued by his Special Adviser on Media and Publicity, Mr Femi Adesina, in Abuja on Monday, commiserated with the entire Oko Kingdom, the Aguata Council of Traditional Rulers, and the Ekwueme family, over the loss of the family’s patriarch. The President noted that the elder statesman’s regular counsels on national issues and…

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