Author: Admin

BDC wants Yuan for customers

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The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the CBN to approve Renminbi (Yuan) disbursements to its members to deepen the China-Nigeria Swap deal. Alhaji Aminu Gwadabe, President, ABCON, told the News Agency of Nigeria (NAN) in Lagos that the approval would enable BDCs sell Personal and Business Travelling Allowances to its customers in Yuan. According to him, the sale of BTAs and PTAs to China bound businessmen will make them get used to the authentic features of the Yuan to avoid being issued fake currencies…

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SERAP sues Fashola over power privatisation

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The Minister of Power, Works and Housing Mr Babatunde Fashola has been sued over his failure to account, for “the spending on the privatisation of the electricity sector and the exact amount of post-privatisation spending on generation companies (GENCOS), distribution companies (DISCOS) and Transmission Company of Nigeria”. Socio-Economic Rights and Accountability Project (SERAP) which instituted the court action also wants Fashola to explain if such spending came from budgetary allocations or other sources.” In the suit filed last week at the Federal High Court, Ikoyi, Lagos, SERAP is seeking “an…

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Man kills himself testing stab-proof shirt

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A 22 year-old man in the United Kingdom fatally stabbed himself in the chest testing a supposedly stab-proof vest he was wearing. According to an inquest, Jordan Easton was in the kitchen at one of his friend’s parents on August 23 last year – just five days after his 22nd birthday – when he turned a knife on himself to demonstrate the “stab-proof” nature of his vest. He suffered a chest stab wound, and died at the University Hospital of North Tees, in Stockton. Mr Easton was rushed to hospital,…

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Greece, Macedonia sign historic name agreement

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The foreign ministers of Greece and Macedonia signed an accord on Sunday to rename the former Yugoslav republic the “Republic of North Macedonia.” The landmark accord follows decades of inconclusive talks which had soured relations between the two countries and held up the admission of the Balkan state into the EU and NATO, of which Greece is a member. The agreement still requires the approval of both parliaments and a referendum in Macedonia. “We have a historic responsibility that this deal is not held in abeyance, and I am confident…

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Jay Z , Beyoncé release joint album on Tidal

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Beyoncé and her rapper husband Jay Z have released a surprise joint album on the streaming service Tidal. The singer, 36, announced Everything is Love, a nine-track collaboration with the rapper, by posting a clip from a video for one of the album’s tracks on social media. The announcement came as the couple played their second night at the London Stadium as part of their OTR II tour, the Independent reported. Everything is Love as it appears on Tidal Streaming Service The record, which is only available on subscription streaming…

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LASTMA refers 10 motorists for psychiatric test

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The Lagos State Traffic Management Authority (LASTMA) has referred 10 traffic offenders to a psychiatric hospital for mental assessment in the last two years. LASTMA Chief Executive Officer, Mr Chris Olakpe told the News Agency of Nigeria (NAN) that the agency still carried out full mental assessment on erring motorists in the metropolis. He said since assuming office as chief executive officer in 2016, 10 drivers have been taken for mental evaluation. “The mental assessment on drivers is still ongoing particularly for drunk driving. “We also referred those who drive…

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Donald Trump keeps his promises on trade

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By inflicting tariffs on the steel and aluminum of his allies, and then on tens of billions of dollars in goods from China, US President Donald Trump has quickly moved to fulfill the tough campaign pledges he made on trade. During his first year in office, Trump and his top economic aides made repeated threats and warned that preliminary investigations were launched into whether certain imports were being unjustly subsidized. But no concrete steps were taken. That all changed in March, when the “America First” president went on the offensive.…

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Suicide bombers, rockets ‘kill 31’ in Damboa

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Two suicide bombers have attacked a town in north-eastern Nigeria only hours after the country’s army chief urged displaced residents to return home because it was safe. The blasts hit the town of Damboa in Borno state on Saturday evening and reports say at least 31 people died. The explosions were followed up by rockets fired from outside the town. Boko Haram militants are suspected. Army chief Lt Gen Tukur Buratai had said they were no longer a threat. “Let me use this opportunity to call on the good people…

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Super Eagles now have Kilimanjaro to climb after losing to Croatia

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Nigeria’s Super Eagles had an unimpressive start to their 2018 FIFA World Cup campaign on Saturday in Kaliningrad with a 0-2 loss to Croatia. They now have the Kilimanjaro to climb to qualify for the knockout stage, having dropped to the bottom of Group D and facing next hard-fighting Iceland and later wounded Argentina. Coach Gernot Rohr lamented at the end of the game: “We’re really disappointed we lost this game. Croatia were the better team. We could have come back into it in the second half after we started…

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Shekau’s dad dies, mum says she’s not seen him for 15 years

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The father of Abubakar Shekau, Boko Haram factional leader died a few years ago, the Voice of America reported as the mother also said she has not seen Shekau in 15 years. Falmata Abubakar, Shekau’s mother disclosed this in an interview in a a village, called Shekau in Yobe State. Shekau’s father, who died was a local district imam before passing away a few years ago. Falmata, who granted her first media interview to VOA, saying she has not seen Shekau, her son in 15 years. Falmata said she had…

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