Okonjo-Iweala warns incoming Governors against debt acquisition
Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo Iweala on Monday warned incoming State Governors against acquisition of debt. According to Debt Management Office (DMO) in its Q4 report of 2022 fiscal year, Nigeria’s total domestic debt stock was N27.55 trillion, while external debt stock was N18.70 trillion (US$41.69 billion). She said: “We have challenges on the fiscal, debt, and monetary policy fronts. “While the debt-to-GDP ratio may not look so alarming, as revenues decline, the burden of debt servicing has increased dramatically. The debt service to revenue ratio is certainly alarming, at 83.2% in 2021 and 96.3% in 2022, according to the World Bank.
Source:Nigerian Tribune
May 16, 2023 14:09 UTC
What Can Deliver Nigerian Leaders From UK Hospitals?
ShareBY MARTINS OLOJAWho will set some Nigerian leaders free from their liking for U.K. Medical Doctors? Who will be paying for the outgoing President Muhammadu Buhari’s medical treatments in U.K after May 29, 2023? Who will deliver us from our reckless dealers who call themselves leaders who always meet even their waterloo in U.K? When shall we be set free from the United Kingdom, after all? These are the low-hanging fruits they can easily invest in to prevent the reproach of a great nation whose great leaders always fly over ill-equipped hospitals to get treated in great hospitals abroad.
Source:The Guardian
May 16, 2023 09:19 UTC
Nigerian musician Seun Kuti arrested for allegedly assaulting police officer
The Nigerian musician Seun Kuti, son of Afrobeat legend Fela Kuti, was arrested for allegedly assaulting a police officer, Lagos state police said on Monday. An order was made for the arrest of Kuti, a Grammy-nominated saxophonist and singer, on Saturday after a viral video showed him on a road, shouting and apparently pushing and smacking a police officer, police said. He turned himself in early on Monday to the headquarters of the Lagos state police command, accompanied by a lawyer and a family representative, a police spokesperson, Benjamin Hundeyin, said on Twitter. A charismatic figure and activist who was bitterly critical of Nigeria’s military regimes and corrupt elite, Fela Kuti died in 1997 but retains a fervent following. In 2019, Kuti and the group were nominated for a Grammy, the top US music awards, for their album Black Times in the global music category.
Source:The Guardian
May 16, 2023 07:50 UTC
Anambra Speaker escapes death in ghastly road accident
Uche Okafor was involved in a frightening accident, at Agu-Awka junction in Awka, Anambra State capital on Saturday night. The accident which left his car damaged beyond recognition was the second accident that happened at that junction on Saturday night. Anambra State Speaker, Uche Okafor, TRIBUNE ONLINE gathered had no injuries from the traumatic experience and none of his aides sustained any injury. “Jude was unconscious when I got to the accident scene. “On our way back, I decided to stop and pick some of his belongings from his damaged vehicle.
Source:Nigerian Tribune
May 16, 2023 06:55 UTC
Foreign airlines blame fare hike, N582/$1 RoE on Central Bank, instability | The Guardian Nigeria News - Nigeria and World News
Foreign airlines, yesterday, pushed back on the recent upward review of Rate of Exchange (RoE) and attendant spike in the cost of international air travel, saying they were induced by the Central Bank’s exchange rate and local market volatility. The clearing house for over 290 world airlines, IATA, in a statement Monday, reiterated that airfares for international flights from Nigeria are denominated in U.S. “These conversions use the official prevailing exchange rate provided by the country’s financial system. “IATA simply applies the spot rate at which the Central Bank of Nigeria sells USD through banks to the market, at its fortnightly retail foreign exchange auctions. if the rate at which the CBN sells USD goes up, the exchange rate applied to airfares will follow and vice versa,” IATA said.
Source:The Guardian
May 16, 2023 04:51 UTC
Nigerian Afrobeat star Kuti arrested over alleged police assault
Seun Kuti was detained at the Lagos State police headquarters after turning himself in, according to police spokesperson Benjamin Hundeyin, who tweeted photos of the celebrity in handcuffs. The son of Nigerian musical hero and political agitator Fela, who himself was serially detained by Nigerian military regimes, Kuti was “captured on video assaulting a police officer in uniform”, the police said. SERIOUS ASSAULT ON POLICE OFFICER: SEUN KUTI TURNS SELF IN Afrobeat musician, Seun Kuti, in the early hours of today turned himself in at the Lagos State Police Command Headquarters, Ikeja, in company of his lawyer and family representative. It was unclear what led to the confrontation, though Kuti tweeted that the officer in question “tried to kill me and my family”. He suggested the officer tried to ram their car.
Source:The Guardian
May 16, 2023 03:36 UTC
As we celebrate children’s day let’s deliberate on their sleep – Part I
Understanding their sleep needs and factors that affect their sleep are the first steps towards providing better sleep for your children. Let us remember that when you sleep, where you sleep and how you sleep affect your mental health, physical well-being and living a healthy life. We all need quality sleep to be set for productivity in our endeavours. Remember, a doctor is an appropriate person to offer relevant advice for the maintenance of quality sleep and solution to sleep difficulties. Vitafoam Nigeria Plc is the first foam manufacturing company in Nigeria to partner with a sleep expert to educate Nigerians on quality sleep for healthy living.
Source:Nigerian Tribune
May 15, 2023 23:52 UTC
8 things’ Hilda Baci did in preparation for Guinness World Record attempt
Hilda, the multi-talented TV producer, actress, and foodpreneur, has broken the Guinness World Record, Guinness cook-a-Thon, with a giant strike of 100 hoursSuccess doesn’t just come by chance; it comes with determination and preparation. Here are eight (5) things Hilda Baci did in preparation for Guinness World Record:6 years of preparationIt took Hilda 6 years of preparation to win the Guinness cook-a-thon. Having conceived the idea of attempting a Guinness World Record. Hiring of a Gym coachoiHilda hired celebrity Gym coach, Kemen, as she had acknowledged that her former weight couldn’t carry her Guinness World Record dream. Hilda had been preparing for the Guinness record years ago while supporting her mum in her restaurant called “Calabar Pot.”
Source:Nigerian Tribune
May 15, 2023 23:42 UTC
Hilda Baci, Nigerian Chef Breaks Guinness World Record for Longest Cooking Hours
Nigerian Chef Hilda Effiong Bassey, also known as Hilda Baci, made history on May 15, 2023, by breaking the Guinness World Record for the longest cooking time by an individual. Baci’s cooking marathon challenge began on May 11 at Amore Gardens in Lekki, Lagos State, where she cooked continuously for four days. By 08:32 am on May 15, Baci had cooked for 88 hours and 32 minutes, a time that equaled the record set by Indian chef Lata Tondon in 2019. Notable Nigerian leaders, including Lagos State Governor Babajide Sanwo-Olu, President-elect Bola Tinubu, Ogun State Governor Dapo Abiodun, Former Vice President Atiku Abubakar, and former Anambra State Governor Peter Obi, have voiced their support for the young Nigerian chef. Lagos State Governor Babajide Sanwo-Olu visited Chef Hilda at the cooking marathon venue to show his support.
Source:The Guardian
May 15, 2023 17:53 UTC
CBN launches SabiMONI e-Learning platform
Emefiele said, “One of the key drivers of Financial Inclusion today, is no doubt financial literacy. “Research has shown that the absence of or low levels of financial literacy constitutes an impediment to financial inclusion. It further indicated that a third of Nigerians have low financial capability levels, a direct implication of low financial literacy levels. “There is no gain in saying the fact that the SabiMONI Financial Literacy e-Learning Platform will enable us to drive financial education physically through the certified financial literacy trainers at the locations where it is most needed. It will enable us to drive digital financial literacy thereby boosting consumer confidence in the uptake and utilization of digital financial services.
Source:Nigerian Tribune
May 15, 2023 16:45 UTC
True colours | The Guardian Nigeria News - Nigeria and World News
Opinion The faceless and the reckless 7 Apr Let me begin this piece with the obvious. These are trying times for our country. Tensions are rising and heating up the polity. Transitional general elections such as the current general elections usually throw up new challenges that a country... FacebookTwitterWhatsAppTelegramYouth Magazine Reimagining higher education in Nigeria 8 Apr Higher or tertiary education, like all sectors, is fair game for disruption. We saw a glimpse in the pandemic, where classes were held online, and courseware unbundled from college staples like libraries and cafeterias was delivered directly to devices.
Source:The Guardian
May 15, 2023 16:14 UTC
Nigeria loses N313bn as oil theft, shutdown rise, operators demand tough sanctions
), gave an order last week directing the Nigerian Upstream Petroleum Regulatory Commission to monitor crude oil production by taking over the regulatory oversight of crude oil export terminals nationwide. Nigeria’s oil production had been on the rise since September 2022, following concerted efforts by the Federal Government and stakeholders to curb oil theft in the sector. The 1.258mbpd oil production in January 2023 was about 23,000bpd higher than the 1.235mbpd crude oil output in December 2022. But the volume dropped to 1.27mbpd in March, putting an end to the seven-month run in Nigeria’s oil output. To help stem the loss of crude, The PUNCH recently reported that the Federal Government directed the NUPRC to monitor crude oil production and take over the regulatory oversight of crude oil export terminals nationwide.
Source:Punch
May 15, 2023 15:12 UTC
Speaker: Abbas, Betara split opposition camp
The new development came as the 10th Assembly: Greater Majority, planned to unveil aspirants for the positions of the Speaker and the Deputy Speaker in the opposition camp this week. The 10th Assembly: Greater Majority had consequently set up an 11-man committee charged with the task of short-listing, screening and eventual recommendation of aspirants within one week. He had also hinted that the opposition members might consider and adopt a candidate among the aspirants in the ruling APC. Bob alleged that the 10th Assembly: Greater Majority was billed to adopt the current Chairman of the House Committee on Appropriations, Betara, as its candidate. When contacted, Igariwey confirmed the development but said the move was only to reposition the 10th Assembly: Greater Majority.
Source:Punch
May 15, 2023 11:52 UTC
Again, explosion rocks Taraba’s capital
An explosive device suspected to be a mini bomb, on Sunday night, exploded in Jalingo, the Taraba State capital. The incident occurred at the Doruwa drinking joint opposite Polaris Bank, affecting some buildings within the area while an unspecified number of persons were injured in the incident. NIGERIAN TRIBUNE reports that the Doruwa explosion is the 4th to occur in the state capital since 2022 and 5th in the state since 2022. Both Taraba state government and the security authorities are yet to release a statement in respect to the incident as of time of filling this report. The ongoing fight-to-finish for principal officers’ positions in the 10th National Assembly by the All Progressives Congress (APC) has only one fitting corollary: It is the famous mythic, destructive squabble between the Shrew, Squirrel and a seemingly impartial arbiter, the Tortoise.…
Source:Nigerian Tribune
May 15, 2023 08:06 UTC