Economic crisis: States borrow N46bn from banks to pay salaries
The bank noted, “The Salary Bailout Scheme was approved by the Federal Government to assist state governments in the settlement of outstanding salaries owed their workers. Funds are disbursed to banks nominated by beneficiary states at two per cent for on-lending to the beneficiary states at 9 per cent. This also means that the revenue underperformed by 16.99 per cent as it failed to hit the states’ revenue target. States debtAlso, The PUNCH had reported that state governments’ indebtedness to commercial banks rose to N2.2tn amid worsening revenue challenges. He admitted that state governments might be unable to join in the Federal Government’s effort to increase allowance to workers.
Source:Punch
October 05, 2023 18:22 UTC
The Future of Your Local Is Hyperlocal
Ask for the Martini dirty, and your drink will arrive with no olive brine at all. In the case of the dirty Martini, Post Haste answers with the Farmer’s Dirty Martini, a savory concoction made with Seneca Drums gin, from New York’s Finger Lakes, fortified with cherry tomato brine. You won’t find the usual suspects of imported name-brand spirits, like Tanqueray or Johnnie Walker, occupying the well. Meanwhile, more widespread techniques like acid-adjusting have helped maximize the use of seasonal produce, while reducing reliance on imported ingredients. These hyperlocal beverage programs often mirror the farm-to-table ethos of the restaurants they exist within, where bar and kitchen work in tandem to support local purveyors, source products sustainably and minimize waste.
Source:Punch
October 05, 2023 09:25 UTC
Naira among Africa’s worst currencies, falls by 40% –W’Bank
The Nigerian naira is among the worst-performing currencies in Africa, the World Bank has said. “The weakening of the naira was triggered by the central bank’s decision to remove trading restrictions on the official market. It noted that parallel exchange market rates are also compounding inflationary problems for some countries in the African region. It said, “The incoming Tinubu administration implemented a series of reforms that included the removal of fuel subsidies and the devaluation and unification of the exchange rate system. “The naira has weakened by nearly 40 per cent against the US dollar since the mid-June devaluation.
Source:Punch
October 05, 2023 09:13 UTC
Eight things you should know about Albatross
There are four main species of albatross: Great Albatrosses, North Pacific Albatrosses, Mollymawks and Sooty Albatrosses. Related Posts No Content AvailableThese are eight amazing facts to know about Albatross;1.The largest wingspan of any living Bird. The wandering albatross, scientifically known as Diomedea exulans, boasts a remarkable wingspan of up to 12 feet, making it the largest living bird on Earth in terms of wingspan. Some have even been recorded living for several decades longer, with the oldest known wild albatross living to be over 80 years old. These extended lifespans make albatrosses one of the longest-lived bird species on the planet.
Source:Nigerian Tribune
October 05, 2023 08:49 UTC
Of Nasarawa’s trailblazing at 27
FOR the people of Nasarawa State, there is always a double celebration on October 1 of every year. It therefore celebrated 27 years of existence as one of the 36 states in the country last Sunday. Governor Sule had promised from the onset to focus on security, education, healthcare, investment, industrialisation, economy, agriculture. The governor equally placed priority on the completion of projects embarked on by past administrations, while also embarking on new projects. The road when completed will assist greatly in reducing the daily traffic grid lock being experienced along Keffi-Abuja expressway.
Source:Nigerian Tribune
October 05, 2023 08:33 UTC
FIFA to hold 2030 World Cup across three continents, six countries
The world football ruling body, FIFA, has confirmed it will host the 2030 World Cup in six countries across three continents. The 1930 world cup was won by host Uruguay in a 4-2 win against Argentina. The statement partly reads, “In 2030, the FIFA World Cup will unite three continents and six countries, inviting the entire world to join in the celebration of the beautiful game, the Centenary and the FIFA World Cup itself. “Additionally, having taken into account the historical context of the first-ever FIFA World Cup, the FIFA Council further unanimously agreed to host a unique centenary celebration ceremony in Uruguay’s capital, Montevideo, where the first ever FIFA World Cup took place in 1930, as well as three World Cup matches in Uruguay, Argentina and Paraguay respectively. Punch Online reports that the 2026 World Cup will be hosted in three North American countries, Canada, Mexico and the United United States of America.
Source:Punch
October 04, 2023 17:46 UTC
Guidance and counselling units must be made available in Basic schools – Coordinator
To ensure school children navigate the complexities of society and grow to become responsible citizens, an educationist is proposing the establishment of guidance and counselling units in basic schools to take up that role. He was speaking at the fourth graduation ceremony of the LEAP School for its continuing pupils, on the theme: “Overcoming Obstacles”. Mr Danso said guidance and counselling units in schools would provide opportunity for the pupils to share issues affecting their development for professional advice to guide their steps. He attributed the successes chalked to the invaluable contributions of parents as well as the tremendous role played by management and teachers. He expressed the school’s commitment to providing holistic education for children by inculcating in them qualities that would enable them to successfully climb the academic ladder.
Source:Nigerian Tribune
October 04, 2023 16:30 UTC
Can oil demand weather the $100-a-barrel punch?
Can the global economy weather oil trading at $100-a-barrel next year? Because a triple-digit price tag wouldn’t just mean elevated energy prices — it would also turbocharge the dollar. The result could be a slowdown in oil demand growth in 2024.Japan is perhaps the best example of the oil-and-currency cocktail. Still, on the margins, they matter.Oil traders currently say there’s little sign that global demand is taking a big hit. “High prices lead to demand destruction,” he commented.Another unacknowledged problem for emerging markets like India and China: The benefit of their non-aligned oil policy is ending.
Source:Punch
October 04, 2023 15:40 UTC
Icon Star Allu Arjun packs a punch on-screen in redBus
This film highlights the benefits associated with booking a seat on redBus, for the discounts on offer. The film also casts popular actor Bharat Bhatia alongside Allu Arjun. The second ad-film is set at a bus station in Nashik and stars Allu Arjun in the lead, along with popular actor Girish Kulkarni in a supporting role. Allu Arjun plays the leader of a dhol tasha band. The ad-films showcase redBus not just as a ticketing platform, but as an enabler of dreams, aspirations, and cherished moments.
Source:Punch
October 04, 2023 14:41 UTC
Middle schooler's jaw broken by punch in gym class; parents share alarm over school discipline issues
At least one middle schooler landed in an emergency room, and there are concerns about other discipline issues, especially at Skyline Middle School. But it was also how the school handled the attack that drew her to a recent school board meeting to sound an alarm, she said. Cram and other parents publicly voiced their concerns about student discipline at a school board meeting last month, prompting some school board members to visit the school. Skyline Middle School has made a few changes in response to the criticism, including the way tardy passes are handled to keep the halls more clear of students. "I heard we are moving in the right direction from the people I spoke with," school board member Andrea Lo said.
Source:Punch
October 04, 2023 14:07 UTC
Subscribers kick as telcos plan different tariff regime
Telecommunication subscribers have kicked against plans by the telecom operators to introduce a state tariff regime for calls, data, and other telecom services. The subscribers’ association, reacting to a recent move by telcos, stated that it would not solve the problem that they (telcos) were trying to mitigate against. Recently, telcos confirmed that Nigerians may soon be paying different prices in different states for calls, data, SMS, as a measure to mitigate against multiple taxation and business environments across different states. The President of the National Association of Telecoms Subscribers, Adeolu Ogunbanjo, told The PUNCH that subscribers would kick against any attempt by telcos to introduce state tariffs. We should be fighting the cankerworm (multiple taxation together), not this.
Source:Punch
October 04, 2023 14:03 UTC
Diphtheria: FCT, 18 states may bring back face mask use
The Federal Government yesterday called on governors of the 19 states with confirmed cases of diphtheria to reintroduce face mask-wearing at public gatherings. It said the advice was necessary because the confirmed cases had soared to 8,406. “Our records have shown that most of the confirmed cases of diphtheria in the country were unvaccinated against diphtheria. “Accordingly, I would like to call on governors of the affected states to institute face-covering requirements, such as facemasks, in public gatherings. According to him, in recent months, the government has launched rapid and comprehensive vaccination campaigns across the affected states.
Source:Nigerian Tribune
October 04, 2023 11:30 UTC
Avoiding water intoxication
There are medical situations where water becomes an enemy and one of such is when an individual suffers water intoxication. Water intoxication also called water poisoning, is the disruption of brain function due to drinking too much water. While every cell and organ in the body needs water to function properly, excessive water consumption can lead to water intoxication. Over-hydration and water intoxication happens when an individual drinks more water than the kidneys can get rid of via urine. Water intoxication is not likely to happen unless someone drinks a large volume of water within a short period of time and water intoxication results from the swelling of cells especially brain cells which increase pressure inside the skull increases.
Source:Nigerian Tribune
October 04, 2023 05:32 UTC
NewsClick: Delhi Police raid homes of prominent journalists
Police in the Indian capital, Delhi, have raided the homes of several prominent journalists and authors in connection with an investigation into the funding of the news website NewsClick. Officials are reportedly investigating allegations that NewsClick got illegal funds from China – a charge it denies. Started in 2009, NewsClick is an independent news and current affairs website which is known to be critical of the government. Among those who have been reportedly raided on Tuesday are the website’s editor Prabir Purkayastha, journalists Abhisar Sharma, Aunindyo Chakravarty and Bhasha Singh, popular satirist Sanjay Rajoura and historian Sohail Hashmi. A vocal critic of the government, Mr Rajoura has worked on satirical videos for NewsClick in the past.
Source:Nigerian Tribune
October 03, 2023 12:37 UTC
Imo: Troops clear four IPOB/ESN camps, recover fresh, old corpses
Troops of the Joint Task Force, South-East, code-named Operation UDO KA II, have cleared four notorious camps of the proscribed Indigenous People of Biafra (IPOB) and its armed affiliates, Eastern Security Network (ESN), in Imo State. During the clearance, the troops neutralised two IPOB/ESN members, and four criminals were arrested. The army spokesman said that during the clearance operation, troops encountered many Improvised Explosive Devices (IEDs) deployed en route to the camps. “These were evident from many fresh and old corpses discovered while clearing the entire camps. “Operation UDO KA II will continue combating crime and criminality in accordance with the extant rules and regulations guiding its operations.
Source:Nigerian Tribune
October 03, 2023 10:04 UTC