Is Nigeria becoming uninvestible for foreigners?
As envisaged, first quarter (Q1) capital importation data came last week with most of the figures in red. From the beginning of the year, it was obvious this was going to be a challenging year for Nigeria and other emerging markets that rely on foreign investment funds to grow their economies. Last year, only 13 states assumed values in the country’s capital importation data while the figure was eight in the previous year. Falling capital importation is a cause and effect of shrinking external reserves. For the first time since Q3 2019, Nigeria recorded a trade balance in excess of N1 trillion last quarter.
Source:The Guardian
June 06, 2022 03:14 UTC
UPDATED: Many killed in Ondo church attack
Over 40 people have been reportedly killed in an attack on St Francis Catholic Church, Owa-luwa Street, in Owo town, Owo Local Government Area of Ondo State. It was learnt that the incident happened in the church, which is less than 200 meters away from the Palace of Olowo of Owo. Workers at the Federal Medical Centre, Owo, confirmed that many people were brought in dead on Sunday. A viral online video showed some worshippers being killed and lying on the floor of the church in the pool of their own blood. One of the health workers on duty at the Federal Medical Centre, Owo, where the casualties were taken to said over 50 people had been brought to the hospital.
Source:Punch
June 06, 2022 02:29 UTC
Eight states fail to access N377m special education fund
Eight states of the federation have failed to access the N377.07m earmarked for Special Needs Education by the Federal Government through the Universal Basic Education Commission, The PUNCH has learnt. The fund is lying fallow despite the poor state of special needs schools in Nigeria. In 2017, the commission noted that Edo and Imo states again, failed to access N30, 400,600 each. Speaking in an interview with The PUNCH, a special needs education advocate, Yusuf Balogun, noted that the failure of states to access special intervention grants hinders special needs education in the country. “The failure of states to access these special intervention grants is a core hindrance to thorough, efficient special needs education in the country.
Source:Punch
June 06, 2022 00:01 UTC
Gunmen abduct Catholic Priest in Kogi
A Catholic priest, Rev. Christopher Onotu, has been abducted by some gunmen on Saturday night from the Church in Obangede, Okehi Local Government Area of Kogi State. The gunmen reportedly made their way into the Church’s vicarage at about 9 pm, burgled the window through which they entered the priest’s room and whisked him away. Most of the members of the Church got to find out on Sunday morning when they went for the first mass. But before this dreaded disease is greeted by rumours and misinformation, here is what you have to know about the virus.Gunmen abduct Catholic Priest in KogiGunmen abduct Catholic Priest in Kogi
Source:Nigerian Tribune
June 05, 2022 22:51 UTC
Dozens feared dead in Nigeria church attack
Gunmen opened fire on worshippers at a Catholic church in south-western Nigeria on Sunday and detonated explosives, officials said. Local politician Ogunmolasuyi Oluwole said the attackers targeted the St Francis Catholic church in Ondo state just as worshippers gathered on Pentecost Sunday. I am deeply saddened by the unprovoked attack and killing of innocent people of Owo, worshiping at the St. Francis Catholic Church, Today. Mr Timileyin said at least 50 people had been killed, though others put the figure higher. Videos appearing to be from the scene of the attack showed church worshippers lying in pools of blood while people around them wailed.
Source:The Guardian
June 05, 2022 20:53 UTC
Understanding how Ethereum works | The Guardian Nigeria News
The worth rise enabled the Ethereum cryptocurrency to achieve extra worth and appeal to many buyers. It’s a extremely advanced sequence of processes ensuing within the addition of extra Ether cash into circulation. Cryptocurrency mining is capital intensive as a result of the mining corporations have to purchase highly effective computer systems. Moreover, Ethereum mining consumes important quantities {of electrical} vitality, thus requiring some huge cash to maintain. Ethereum mining is exclusive as a result of there isn’t a pre-set most minable quantity.
Source:The Guardian
June 05, 2022 19:30 UTC
Nigeria: gunmen kill dozens in ‘satanic’ attack on Catholic church
Gunmen launched an assault on a Catholic church in Ondo state in Nigeria during mass on Sunday, killing more than 50 people in a “satanic attack”, local officials and volunteers said. The attackers targeted the St Francis Xavier Catholic Church in the town of Owo as the worshippers gathered on Pentecost Sunday, according to local officials. The governor of Ondo state, Arakunrin Oluwarotimi Akeredolu, condemned the “vile and satanic attack” on Sunday and pledged to find the assailants. Rev Augustine Ikwu, a secretary of the Catholic Church in Ondo, said in a statement that the attack had “left the community devastated”. Security forces guard Ondo’s governor as he visits the church attack site.
Source:The Guardian
June 05, 2022 19:11 UTC
Hajj Airlift: CSO calls for maximum security at Hajj camps, airports
Following the announcement of the commencement of the airlift of Nigerian pilgrims to the Kingdom of Saudi Arabia for Hajj 2022 Independent Hajj Reporters, a civil society organisation that monitors and reports Hajj activities in Nigeria and Saudi Arabia has called on the Federal Government to provide maximum security at Hajj Camps and airports. IHR in a statement signed by its national coordinator, Mohammed Ibrahim, on Sunday, calls for all-inclusive and coordinated security architecture to secure pilgrims’ Hajj camps across the country. The CSO said the call becomes imperative in view of the fact that most Hajj camps are located outside city centres compelling pilgrims to travel a few kilometres to the camps and airports. In view of the current security challenges, NAHCON, States Muslim Pilgrims Welfare Boards, Security agencies, local security outfits, and other well-intended individuals should collaborate to enhance the security of our dear pilgrims throughout this Hajj Period. We Will Sanction Tinubu For Insulting Buhari ― Adamu, APC National ChairmanHajj Airlift: CSO calls for maximum security at Hajj camps, airports
Source:Nigerian Tribune
June 05, 2022 19:06 UTC
Nigeria’s Broadband Subscriptions Exceed 81 million; 42% Penetration in April 2022
The latest telecommunications industry statistics released by the Nigerian Communications Commission (NCC) shows that the country’s broadband subscriptions exceeded 81 million as at April 2022, TechEconomy.ng can report. The report on NCC’s website shows the broadband subscriptions reached 81,676,539 in the month under review which is the highest subscription since January 2021. For broadband penetration, the figure increased to 42.79% in April as against 42.24% recorded in the previous month. This target is striking because currently, broadband penetration stands at 42.79%, consequently tasking the Ministry to double broadband penetration in the next three years. AdvertisementIndustry watchers believe that with all progressive policies and plans the 70% broadband penetration target is achievable.
Source:The Guardian
June 05, 2022 18:36 UTC
NUPRC explains cause of fire incident in Enugu varsity
The Nigerian Petroleum Upstream Petroleum Regulatory Commission (NUPRC) has said that the fire incident that occurred within the vicinity of Caritas University in Enugu was triggered by a suspected associated gas reservoir. It said the incident which occurred on May 22 was reported to it on May 26, 2022. “It was the unfortunate action that provided a stronger basis for the qualification of the fumes as associated gas. “Following the fire outbreak, the drilling contractor swiftly removed the drill pipes, demobilized the rig and immediately notified the Enugu state government of the incident. “In both cases, it may not necessarily be a reservoir accumulation but associated gas which the drilling process provided a flow line; a development similar to incidents associated with coal mines.
Source:Nigerian Tribune
June 05, 2022 17:05 UTC
Scholes tells Man United to complete Ndidi’s transfer
Manchester United have been urged to make a move for Leicester City midfielder Wilfred Ndidi as Erik ten Hag looks to make a mark on his squad. Since joining the Foxes from KRC Genk in 2017, Ndidi has been a constant presence in the transfer rumour mill with links to teams like United and Real Madrid prominent. However, injuries throughout the past couple of season have meant no move has ever materialised. With De Jong’s stance made clear, former United midfielder Paul Scholes has urged United to make a move for City’s defensive midfielder Ndidi. The Nigerian has been out with a knee injury since March, missing the Foxes Europa Conference League run to the semi-final.
Source:Punch
June 05, 2022 14:21 UTC
White tourists loved Iya Olumo, she declined many foreign trip offers – Grandson of late Olumo Rock custodian
The custodian of Olumo Rock in Abeokuta, Ogun State, Sinatu Sanni, popularly called Iya Olumo, passed away on Wednesday, June 1, 2022, at a grey age after serving for many years. How did she become the custodian of Olumo Rock, acquiring the name, Iya Olumo? Mama told us that those six years were really scary for her. Whenever it is being celebrated, the king visits Olumo rock. Will anyone step into her shoes as next Iya Olumo?
Source:Punch
June 05, 2022 13:45 UTC
APC settles for Southern flag-bearer | The Guardian Nigeria News - Nigeria and World News
In both instances, national and party interests were overriding factors in our deliberations and decision-making. “The 2023 general elections are fast approaching in a global, regional and national environment that is constantly changing and challenging. During our discussions, we welcomed President Muhammadu Buhari’s invitation to governors and other stakeholders to contribute to the emergence of a strong presidential candidate for the APC. “We therefore wish to strongly recommend to President Muhammadu Buhari that the search for a successor as the APC’s presidential candidate be limited to our compatriots from the southern states. In what appears like a response to Akeredolu’s charge, Jigawa state Governor, Abubakar Badaru withdrew from the presidential race after 10 APC Northern Governors backed powershift to the South in 2023.
Source:The Guardian
June 05, 2022 10:24 UTC
201 Kano residents admitted in hospital after inhaling chemicals
No fewer than 201 residents of Sharada Quarters, Kano, were on Friday night hospitalised after inhaling chemicals from a cylinder dismantled by metal scrappers. An eyewitness at the scene of the incident said that the victims were rushed to Murtala Muhammad Specialist Hospital, Sharada Industrial Hospital and Ja’en Hospital, for urgent medical attention. It was said that the cylinder chemical explosion occurred on Friday at Sharada Industrial Area. However, the Chief Medical Director of Murtala Muhammad Specialist Hospital, Dr Hussaini Muhammad, said they received over 70 victims out of which, 65 were now in stable condition. He added that 35 victims received treatment at Sharada Industrial Hospital and 96 at Ja’en Hospital.
Source:Nigerian Tribune
June 05, 2022 08:44 UTC
Role of technology in sustainable development | The Guardian Nigeria News - Nigeria and World News
All through history, the development of technology has been a force that has propelled humanity forward. To arrest the present and looming climate disaster, the consensus among experts is that humanity must rethink technology and ensure that its application is sustainable. Therefore, the role of technology must be understood to ensure sustainable and equitable development by equipping us with the right tools to make maximally beneficial choices. Another important argument is that sustainable technology will create more meaningful and inclusive work opportunities. While the arguments for technology in sustainable development are inexhaustive, a final case I would make is the effectiveness of technology in predicting, measuring, tracking, and correcting harmful effects of human production activities.
Source:The Guardian
June 05, 2022 04:19 UTC