The Federal Executive Council yesterday approved two contracts worth N24.20bn for provision of broadband for free internet in 75 public places, including 20 airports, tertiary institutions and markets nationwide to support micro, small and medium enterprises. The Minister of Communications and Digital Economy, Isa Ali Pantami, said the projects would be implemented by the Nigerian Communications Commission. He said the selected 20 domestic and international airports with an average of three picked from each of the six geo-political zones He said, “In the South West, you have two in Lagos, you have in Ondo. For South East, you have in…
Author: meridianspy
The Federal Executive Council yesterday approved two contracts for the construction of a centre of excellence for environmental restoration in Kana Local Government Area of Rivers State and a 100-bed specialist hospital in Ogoni. The Minister of Environment, Mohammed Abdullahi, said the projects were to facilitate efficient and cost-effective approaches to contamination management and environmental restoration while supporting the well-being and welfare of the people who had been impacted by the negative effects of contamination in those areas. Also Read: FEC Okays $984.7m for Railway Equipment Maintenance He said the contract for the construction of the centre of excellence for…
Nollywood actor, Yul Edochie has lost his first son, Kambilichukwu Edochie, Vanguard reports. It was gathered that Yul’s first son was rushed to the hospital after falling unconscious. A source who spoke to Vanguard on condition of anonymity revealed that Yul has confirmed Kambilichukwu’s death as the time this report was filed. May’s sister who was at the scene said the boy read throughout the night preparing for his exam today. After his exam in school, he joined his mates to play football and that’s when he developed a seizure and was rushed to Mother and Child Hospital. All efforts…
Some key political players are plotting to foist an Interim Government in Nigeria, the Department of State Services (DSS) has said . President-Elect Bola Tinubu is due for inauguration on May 29, but in a statement on Wednesday, Dr. Peter Afunanya, DSS spokesman, stated that some persons have weighed various options, which include, among others, to sponsor endless violent mass protests in major cities to warrant a declaration of State of Emergency. The Service said that another plot to foist interim government is to obtain frivolous court injunctions to forestall the inauguration of new executive administrations and legislative houses at…
Zenith Bank Plc has announced its audited results for the year ending Dec. 31, 2022, achieving a growth of 24 per cent in gross earnings from N765.6 billion reported in 2021 to N945.5 billion in 2022. This is despite the persistent challenging macroeconomic environment and headwinds. According to the audited financial results for the 2022 financial year presented to the Nigerian Exchange Ltd., NGX, the double-digit growth in gross earnings was driven by a 26 per cent year-on-year, YoY, growth in interest and non-interest income. The interest income grew from N427.6 billion to N540.2 billion and a 23 per cent…
President Muhammadu Buhari has sworn in Solomon Arase as the new chairperson of the Police Service Commission (PSC). Arase, a former inspector-general of police, was sworn in on Wednesday at the council chamber of the presidential villa during the federal executive council meeting. Detail Later…
Over 300 Niger Delta ex-agitators gathered in front of the national assembly on Tuesday to protest the suspension of their monthly N65,000 stipend. According to the amnesty programme office, the suspension was necessitated by the issues surrounding alleged BVN fraud. Freston Akpor, media aide to the PAP interim administrator, said the names of those involved have been forwarded to the office of the national security adviser (ONSA) for investigation. He also accused bank officials of colluding with the ex-agitators to aid the “financial crime”, adding that the outcome of the investigation will determine the fate of the protesters. “So…
The US department of justice has announced the final resolution of two civil cases seeking the forfeiture of the luxury assets that were laundered in and through the country in a case involving Diezani Alison-Madueke, former minister of petroleum resources, and her associates. Diezani’s associates who were named in the forfeiture case are Kola Aluko, a Nigerian businessman, and Jide Omokore, chairman of Atlantic Energy Drilling Concepts Nigeria Limited. The department said the forfeited assets were the “proceeds of foreign corruption offenses”. In a statement released on its website on Monday, the US department of justice disclosed that “roughly…
The South East/Igbo APC Progressives Roundtable (SIAPRO) has appealed to their Yoruba brethren and compatriots in Lagos State to overlook any provocations, disrespect, or insults that they may have endured from the recent election cycle in the state. Addressing a press conference Tuesday in Abuja, the convener, SIAPRO, Uche Diala, said Lagos State is “no less Yoruba land as Anambra State is Igbo land and just like Lagos is not a no man’s land, the way Ebonyi State is not a no man’s land.” Also Read: Visa Ban Threat: Fani-Kayode wants Recall of Llewellyn-Jones for interfering in Nigerian politics He…
The Co-founder and Chief Executive Officer of Paystack, Shola Akinlade, has bought a 55 per cent stake in second-division Danish club, Aarhus Fremad. The deal which was announced on Tuesday will see Aarhus Fremad become a sister club to Sporting Lagos FC, a Lagos-based football club in the Nigeria National League founded by Akinlade in 2022. According to a statement by Sporting, the deal will create opportunities for European exposure for its best teams, and further help its efforts to develop youth football in the country. Commenting on the acquisition of 76-year-old club, Akinlade said, “I am truly honored…
The ongoing oil exploration in Nigeria’s frontier basins is to grow the country’s crude oil reserves from 37 billion barrels to 50 billion barrels, the Nigerian National Petroleum Company Limited, announced on Tuesday. NNPC also commenced the official spud-in (drilling) for crude in the Ebenyi-A Well in Obi Local Government Area of Nasarawa State on Tuesday, and stated that the well would support in hitting the 50 billion barrels oil reserves target. This is coming four months after NNPC flagged off oil production in the Kolmani oil well, located between Bauchi and Gombe states, in November 2022. The Group Chief…
The Chief Whip of the Senate, Orji Uzor Kalu, has urged President Muhammadu Buhari not to retire from politics but take over the Board of Trustees (BoT) chairmanship of the ruling APC after leaving office on May 29, to give direction to the party at the highest level. He gave the advice on Tuesday after a meeting behind closed doors with the president at the State House, Abuja, where he also informed Buhari of his intention to run for the senate presidency. Also Read: 10th Senates: It’s my turn to be Senate President, Kalu declares The APC has not elected…