DSS, Army, others operating Gestapo-like detention facilities, IPOB alleges
“In fact, there is no difference between the detention cells of the Nigeria security agencies, particularly the DSS and Army cells, and the Nazi Gestapo detention camps during the second world war,” it said. The statement said in part, “These detention centres have turned into abattoirs, where detainees are killed and their organs harvested and sold to the highest bidder by the wicked security operatives. “Detention facilities of the various security agencies have become another abattoir where they slaughter human beings like cows. “It is a known rule that airports across the world are safe places for all law-abiding citizens. But Kenya allowed its international airport to serve as the abduction ground for the oppressive Nigerian government that kidnapped our leader, who travelled to Kenya with a British passport.”Copyright PUNCH.
Source:Punch
February 07, 2022 11:14 UTC
IMF upgrades financial soundness indicators
THE International Monetary Fund (IMF) has upgraded its Financial Soundness Indicators (FSIs) database to fully reflect methodological improvements introduced in the 2019 Financial Soundness Indicators Compilation Guide (2019 FSIs Guide). It explained that FSIs are key macro-financial indicators to assess the overall soundness of the financial system. In all, the 2019 FSIs guide recommends the compilation of 53 FSIs with 13 new indicators. According to the IMF, FSIs for banks have been upgraded to better gauge bank buffers compared to expected and unexpected losses. “The 2019 FSIs guide and the new data series are available on the IMF’s FSI data portal,” the multilateral institution stated.
Source:Nigerian Tribune
February 07, 2022 09:07 UTC
Experts urge due diligence in property transactions
Following the increase in the rate of cybercrime targeted at homebuyers and renters, experts have advised real estate investors to carry out due diligence before buying property. He noted that funding issues create opportunities, adding that real estate value always adjusts to the naira movement.“You need to continue researching. “You’ve to be intentional about investing in real estate. She said: “Most real estate conferences do not target first time home buyers or starters. ”We want to attend to those who are disappointed with the existing real estate market.
Source:The Guardian
February 07, 2022 08:56 UTC
Ondo Retreat: Govt moves to expand revenue sources, block leakages
Ondo State Government has directed all Ministries, Departments and Agencies (MDAs) in the state to institutionalise the concept of “One administration” and implement the mandates in line with the REDEEMED Agenda of the Governor Rotimi Akeredolu-led administration. This among others were part of resolutions made at the end of a 3-Day Retreat for Political Office Holders and Accounting Officers in Ondo state public service, held at Mydas Hotel and Resort, Owo, Owo Local Government Area of the state. However, at the end of the retreat which ended on Saturday, participants resolved among other things that effort must be made to attain full implementation of the Treasury Single Account (TSA). “Government to institutionalise citizenship engagement and sustain good labour/association relations,” it was added. Our reporter joined the train to and fro Lagos from Ibadan and tells his experience in this report…
Source:Nigerian Tribune
February 07, 2022 07:07 UTC
Presidency condemns Financial Times’ article on Nigeria | The Guardian Nigeria News - Nigeria and World News
The Presidency has criticised the wrong perceptions in David Piling’s article on Nigeria published by the Financial Times on Jan. 31. The statement read in part: ”We wish to correct the wrong perceptions contained in the article “What is Nigeria’s Government For,” by David Pilling, Financial Times (UK), January 31, 2022. January 31, 2022 ) was predictable from a correspondent, who jets briefly in and out of Nigeria on the same British Airways flight he so criticises. The terror organisation Boko Haram used to administer an area the size of Belgium at the inauguration; now, they control no territory. Criminal gangs took advantage of the instability, flush with guns that flooded the region following the Western-triggered implosion of Libya.
Source:The Guardian
February 07, 2022 05:30 UTC
Muslim women to govt: Protect women in Hijab from abuse, maltreatment, discrimination
The government at all levels in Nigeria and its relevant agencies have been called upon to protect women in hijab from abuse and other forms of maltreatment and discrimination with a view to protecting their dignity and honour. This was the submission of Muslim women from different Islamic organisations under the aegis of Coalition of Nigerian Muslim Women, on Saturday evening at their gathering at the Unity Park in Abuja as part of events scheduled to mark this year’s World Hijab Day to create awareness about the significance of Hijab. Tribune Online reports that the awareness outreach programme was the second in the series of events to mark the 2022 World Hijab Day. The World Hijab Day is an annual event commemorated globally. The theme for this year’s event is “Hijab is our crown, not our crime”.
Source:Nigerian Tribune
February 07, 2022 03:21 UTC
Towards sustainable balance of payments amid import pressures | The Guardian Nigeria News - Nigeria and World News
Even when adjusted for foreign exchange differential, the full-year change would still be higher by, at least, 10 per cent. The change is expected to lead to a market-led exchange rate regime and a gradual easing of the market rigidity. Capital market players have described the new tax as a disincentive to investors, including foreigners. Today, many economists also consider the current official exchange rate as below the market rate. For the medium to long-term, the exchange rate cannot be stable if the market is not transparent and accountable.
Source:The Guardian
February 07, 2022 03:19 UTC
NOSDRA to undertake flight supervision of FPSO explosion site
National Oil Spill Detection Response Agency (NOSDRA) would on Sunday and Monday undertake an overflight surveillance of the Upkokiti oil fields to ascertain the status of the extinguished fire incident on the oil field. However, she maintained that the future air surveillance would continue, until whatever remnants of oil in the FPSO is evacuated and measures evolved to forestall a recurrence of such kind of incident. “While the cause of the fire incident is yet to be fully determined, the environment around the FPSO is only slightly covered by the sheen and emulsified oil. It was earlier reported that the approximate quantity of oil in the FPSO in the recent past was said to be a little less than 200 000 barrels. “NOSDRA will continue to give updates on this incident after each aerial surveillance scheduled for today and Monday,” Ikeazor assured.
Source:Nigerian Tribune
February 06, 2022 23:41 UTC
Analysing the retaining, removal of Nigeria’s oil subsidy | The Guardian Nigeria News - Nigeria and World News
The removal of subsidy on Premium Motor Spirit (PMS), otherwise known as petrol, was earlier scheduled to take effect from July 2022. Experts continue to express different views to the latest suspension of the removal of subsidy as prescribed in the recently passed Petroleum Industry Act 2021. They underscored the need for subsidy removal, the need to get local refineries working optimally and deregulate downstream segment of the petroleum industry, as clearly prescribed by the petroleum industry law. Dr Muda Yusuf, an economic expert, said that the capitulation on the subsidy removal did not come as a surprise; rather there were many odds against the move. “Meanwhile, attracting investment into the oil and gas space will be extremely difficult going forward,’’ the expert noted.
Source:The Guardian
February 06, 2022 23:11 UTC
How NiDCOM expends N130m on Research and Development
Thirty-eight expenditures in the 2021 expenses of Nigeria in Diaspora Commission (NiDCOM), amounting to N130million meant for research and development, was blown for trips, estacodes, data mapping among other purposes. Further checks on the research and development funds drained in the 2021 budget of NiDCOM revealed that Nigerian taxpayers funded the online presence of the agency with N28.9 million, 22.20% of the N130m budget for her research and development. Details of these expenses as captured in the 2021 research and development expenses of the agency with budget code 23050101 reads as follows.”being requisition for the award of contract for consultancy services for the NIDCOM App development project, phase I (with remittance functionality) the lot 4 research and development job cost Nigerian taxpayers N19,271,566.00. Connected to these expenses are payments undertaken on behalf of Nigerian taxpayers by officials of NiDCOM listed as items 19, 20 and 22. In its bid to popularise the activities of NiDCOM, the agency splashed over N11m on the establishment of an online radio station.
Source:Nigerian Tribune
February 06, 2022 23:01 UTC
Petrol subsidy removal will boost investment – Coleman Wires boss
The Chief Executive Officer of Coleman Wires and Cables, Mr George Onafowokan, has the removal of petrol subsidy in Nigeria will boost investment in the nation’s oil and gas industry. He, however, said the short-term effects of the removal of petrol subsidy would increase the cost of living. “Fuel price going up by 100 per cent or more does not mean an instantaneous 100 per cent increase on everything. We don’t look at the private sector impact of that decision. We need to get away from government direction to driving our economy through private sector.
Source:Punch
February 06, 2022 08:15 UTC
Get-rich-quick syndrome breeding juvenile killers | The Guardian Nigeria News - Nigeria and World News
Of the 10, 366 casualties of violent deaths last year, Kaduna State alone recorded 1, 192 at the hands of bandits. In the last couple of years, the country has been inundated with blood-chilling tales of ritual killings. In most cases, the ruthlessness that ritual killers display is not only worrisome but also benumbing. “They should visit streets, know the house owners, and inquire about the source of wealth of the house owners. The Osun State-born traditional ruler through his Press Secretary, Alli Ibrahim, said: “Ritual killings are becoming so rampant and consuming than Boko Haram and terrorism.
Source:The Guardian
February 06, 2022 04:44 UTC
Nigeria unrelenting in fight for global peace, justice — Buhari | The Guardian Nigeria News - Nigeria and World News
President Muhammadu Buhari, yesterday, in Addis Ababa, Ethiopia, said that the country would continue to pursue peace and progress in Africa, and other parts of the world, by consistently pushing for justice, fairness and inclusiveness in global affairs. “As a country, we are doing our best, and we will continue doing our best to ensure justice and fairness,” he said. The president assured the Palestinian leader that Nigeria would be “consistent” in pushing for peace and progress while upholding the tenets of justice. Shtayyeh thanked Buhari for his leadership role in the continent saying: “Your Excellency, we thank you for your wisdom. Please continue to stay well and healthy, because we need your wisdom,” he said.
Source:The Guardian
February 06, 2022 04:38 UTC
Medicine in unlikely plant parts: Plantain peels
My agricultural science teacher told us that the botanical name of plantain is Musa paradisiaca. I will be discussing plantain peels today but permit me to quickly address some things. Rubbing plantain peel against your skin is one way to eliminate wrinkles due to its abilities to tighten and tone the skin. In a study titled, “Fermentation of Musa paradisiaca Peels to Produce Citric Acid,’’ by Monrroy et al, CA was successfully produced from M. paradisiaca peels. Thus, M. paradisiaca peels were concluded to be a promising low-cost fermentable substrate for obtaining high added-value products such as CA.
Source:Punch
February 06, 2022 04:37 UTC
We’ll crush Senegal, Pharaohs vow | The Guardian Nigeria News - Nigeria and World News
Salah and Mane are both teammates and friends in England, where they ply their soccer trade with Liverpool. He said the AFCON title is now the most elusive in his football career, and has expressed his desire to grab it today in Yaounde. Aside the FIFA World Cup and AFCON title, Salah has won all, which included the English Premier League and Champions League with Liverpool FC. Salah, who recently got shortlisted by FIFA among the three best footballers in the world, had opportunity of lifting the AFCON trophy in 2017, when Gabon hosted the tournament. The Pharaohs got to the final only to lose the trophy to the Indomitable Lions of Cameroun.
Source:The Guardian
February 06, 2022 04:37 UTC