The resolution was passed sequel to the adoption of a motion on the ‘Need to investigate banks’ lending practice, protect borrowers from exploitative interest rates and promote economic development,’ sponsored by Hon. Saidu Musa called on all the commercial banks operating in the country to also lend their loan services to the small and medium enterprises instead of exclusively to big-time businesses. Steve frowned at the current 30% interest rate imposed by commercial banks on funds borrowed by customers, thereby making Nigeria one of the countries with the highest lending rates in Africa and probably the world. “That lending rates are largely determined by the Monetary Policy Rate (MPR) set out by the CBN, hence the higher the MPR, the higher the interest rates charged by commercial banks. To this end, the House urged the apex bank to review the Monetary Policy Rates and its implementation, putting into consideration the cost of doing business by banks.
November 21, 2019 09:00 UTC
Channing Tatum and Jenna Dewan recently filed court documents asking the court to grant the divorce while they hash out a property settlement and custody agreement. According to the new documents filed by Jenna’s lawyer Samantha Spector, the divorce judgment became final Tuesday. So, now they have to work out custody and support issues involving 6-year-old Everly. Jenna recently announced she and her new boyfriend, Steve Kazee, are expecting their first child together. Jenna filed for divorce a year ago, months after they went public with their split.
November 21, 2019 08:03 UTC
The Lagos State Government has said that the current terrible state of the traffic situation in the state was temporary and Lagosians would soon get some relief. In a statement signed by the Gbenga Omotoso, Commissioner for Information and Strategy on Wednesday, the Lagos government said it had noted the discomfort of Lagos commuters and motorists. “There is no deliberate action to cause Lagosians any pain; the present situation is temporary. The discomfort will be short-lived.”Omotosho also revealed that relevant agencies have been directed to review traffic control and regulatory policies in a bid to find long term solution to the traffic situation. The commissioner also blamed the “daily influx of people” from other parts of the country into the state for the traffic situation.
November 21, 2019 06:33 UTC
The Super Plaza on Akerele Street in Surulere area of Lagos was gutted by fire on Wednesday, destroying valuable merchandise, reports the News Agency of Nigeria (NAN). NAN correspondent who was at the scene reports that many of the shop owners were seen packing out their goods, including, furniture, to reduce their losses. NAN reports that the plaza comprised of many shops and churches including Fountain Hall, Dominion City Worship, Omega Fire Ministries, Textiles and Fabrics, Bureau de Change and Gift Gallery, among others. Director-General of Lagos Emergency Management Agency (LASEMA), Dr Oke-Osanyintolu, said that preliminary investigation conducted on-site indicated that the fire resulted from an electrical surge in one of the shops before escalating to other parts of the plaza. “No loss of life nor injury has been sustained so far at the scene of the fire where properties worth a fortune have been lost to the inferno,” Oke-Osanyintolu said.
November 21, 2019 05:26 UTC
The ruling party’s national chairman, oblivious of our immediate historical impasse re-echoed Andoakaa’s infamous statement in a fit of historical amnesia. In his words, “I think by signing the bill into law at the Nigerian House in London, it shows that where the President is, he is presiding over Nigeria and with the benefit of modern technology. We have passed the Mongo Park era…So, signing it in London for me has also made several statements. In other words, was the law signed in Nigeria or United Kingdom? If a wrong thing had been done in the United Kingdom, the president’s men should swallow their pride and vanity and get Nigeria’s leader to sign a proper bill into law inside Nigeria.
Ever since the advent of university education in Nigeria, the system cannot boast of producing up to 15 substantive female vice chancellors, either from the public, faith-based or private institutions. Is it that the system and the society have no faith in women occupying such positions or is it just fallout of gender inequality? Sadly, there is no statistics on the number of female VCs in the history of Nigerian universities, but The Guardian checks show just a very few of them. The question should be: Are women given the opportunity to serve in administrative and other positions within the system? The approach for this report is based on the apex of university administration, which is the VC.
Lagos State Governor Babajide Sanwo-Olu has urged the religious bodies to continue to live in harmony and tolerate each other in the state as well in the country. “This has helped our economy and invariably our socio-economic development, different individuals representing different tribes and religions co-existing in peace and engaging in one trade and commerce or the other. “Our nation is the owner of principles and ideals, which command great respect in the world. Also speaking, Senior Special Assistant to the Governor on Diaspora and Foreign Affairs, Mr. Jermine Sanwo-Olu, said: “Lagos is a tolerance city even in Africa. It shares characteristics of the Diaspora and we must keep on doing this for unity to reign.
“This outcome indicates that there are expectation gaps between the financial industry/owners of funds on one hand, and the agriculture operators/demander of funds on the other hand. Inability of the agribusiness owners to understand the metrics and risk criteria used by the financial institutions in assessing bankability and viability of agriculture and allied projects, inhibit access to finance,” she said.
Either way, the officeholder is not deemed to have surrendered his sense of self-worth simply because he is holding a public office at the behest of some inordinately permissive aide memoire or constitution. Vice President Oluyemi Osinbajo, a professor of Law, is curiously imagined as peripherally steeped in the foray and affray of politics and of politicians. They cannot understand how the Vice President can be game for every item under public discussion except the desideratum of the political restructuring of Nigeria. For almost two years now, the Vice President has borne his fate alone and privately. Many may have reached the conclusion that there is no possible relief for the embattled Vice President.
“They knew the proper things to do, but waited until now, after dispossessing Nigerians to revisit the all-important Electoral Act amendment.“Much damage has been done to Nigeria’s electoral process. Action on the Electoral Act 2010 should be expeditious so that it could be remitted to the president before their Christmas break. I do not see why we cannot go for electronic voting. Even before we came on board in the outgoing senate, there had been an amendment to the Electoral Act that removed the inhibition from Sections 52 or 53 of the Electoral Act that prohibited INEC from evoting. “But, the poisoned pill of section 25 of election sequence also deprived us of the benefits of that provision in the Electoral Act amendment.
The monarch raised the alarm during a courtesy visit to him by officials of Longrich International Nigeria Ltd in Lagos. He stressed that the greatest threat to Nigeria’s democracy is unengaged youths, saying: “Until something is done to address it, Nigeria’s future is bleak, its corporate existence is at risk. “We are not save in Nigeria with the present condition of our youths. This is a serious threat to any country. “There is need to modernise this inheritance for them to be useful in this modern age.
November 21, 2019 04:16 UTC
Spinach (Spinacia oleracia) is one of the leafy green vegetables and it belongs to the family Amaranthaceae; it is of the order Caryophyllales. 100 grams of spinach contains only 23 calories, however, fresh, frozen or steamed spinach has a high nutritional value. However, cooking spinach with 2 to 3 changes of water reduces the oxalates with better absorption of water. In taking a closer look at these health benefits we find that consuming spinach regularly, places an individual in a good stead for good health. By this function spinach protects the heart and reduces the inflammation and pain of arthritis, gout and other such diseases.
My concern is the unintended consequences of (the) words spoken. These are words emanating from a report by the ICPC. I (don’t) feel it is okay to use the National Assembly as the weeping boys. The fact is that there is the FOI bill.“The ICPC could easily invoke its power of investigation and look at releases as compared to what was budgeted. It is as simple as ABC.”On his part, Elumelu maintained that as far as he was concerned, the amount received by the National Assembly for constituency projects did not exceed 50 per cent of the N1 trillion claimed by the ICPC.
The experts, who made the demand yesterday at a workshop organised by the Centre For Initiative Development (CFID), expressed concern at the prevalence of the disease, which they said was 10 times larger than the global HIV epidemic. Supported by the Gilead Science, the forum was organised mainly for doctors, pharmacists, laboratory scientists and nurses in Taraba State. In his presentation, a professor of Medicine and Gastroenterology from the University of Jos UNIJOS), Orkurha Malu, observed that Nigeria may rank among countries with the highest viral hepatitis B burden.He believes that with a dedicated budget line, the massive presence of the epidemic in the country would be a thing of the past in no time. Malu, who charged the participants drawn from the 16 councils of Taraba to reach out with the message of hepatitis to the rural communities, urged governments at all levels to set aside certain amount for hepatitis in their annual budgets. The National Desk Officer, Viral Hepatitis Control, Abuja, Dr. Adesigbin Clement, agreed that dedicated budget line for hepatitis would go a long way in addressing the challenges posed by the spread of the disease.Worried that pregnant women were still being compelled to pay for hepatitis screening, he urged governments at all levels to replicate what is obtainable in the case of HIV/AIDS screening to hepatitis where pregnant women are screened for free.
“The talents here in Nigeria are very diverse, I came expecting that a lot of people would do oil or mining, but not the case, we have people in technology, farming and others. Not only do talents exist here, but also the impeccable diversities of opportunities. The vice chancellor, Prof Oluwatoyin Ogundipe explained that the idea is to create solution providers and entrepreneurs who would develop people instead of job hunting. Ogunsola said, “We have a high rate of youth unemployment in Nigeria hence the need to increase our global visibility. It is high time we started developing Nigerians who are equally interested in creating wealth.”