NMDPRA, marketers move to resolve outstanding bridging claims
The reconciliation of the outstanding bridging claims by marketers of premium motor spirit (PMS) by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is underway. The authority has consistently maintained that N500 billion bandied around by some marketers is not correct and that reconciliation has not been concluded. NMDPRA explained that the administration of bridging payment is a continuous process, as hundreds of truckloads and discharge products daily, thereby, adding to the claims. “Since December 2021, the NMDPRA has made several payments to marketers whose claims have been verified. So far, over N58 billion has been disbursed to oil marketers out of which about N34 billion went directly to members of the Independent Petroleum Marketers Association of Nigeria (IPMAN),” the authority said.
Source:The Guardian
May 19, 2022 07:13 UTC
Suspected Herdsmen Kidnap ABSU Students, Other Passengers. Driver Shot Dead (Pics)
Gunmen suspected to be Fulani herdsmen have kidnapped some passengers including students of the Abia State University Uturu ( ABSU)According to Punch, the gunmen attacked a shuttle bus conveying the passengers along Okigwe-Uturu Road on Tuesday and killed the driver. This comes two days after seven students of Abia State University were kidnapped along the same route. The seven students were kidnapped on their way back to school around 6:pm on Sunday, May 15, along Okigwe-Uturu in a Siena vehicle. Sharing a photo of some of the kidnapped students, one Daniel Obioma cried out to the Abia State Government to come to their aid. Now another kidnapping case occurred two days ago seven 7 students were kidnapped along the same spot.
Source:Punch
May 19, 2022 01:21 UTC
Study explores blood sugar benefits of mulberry extract
THE potential benefits of mulberry fruit extracts to reduce blood sugar and insulin increase after a meal may be achievable at a lower dose than previously reported, says a new study from Unilever R&D. Data published in the British Journal of Nutrition indicated that beneficial effects for blood sugar management may occur at doses as low as 0.37 grammes. The study adds to a solid body of science supporting mulberry extracts for blood sugar management and potential anti-diabetes effects. Extracts are already available in the market, with claims to aid blood sugar management and weight management. “The data suggests that mulberry fruit extract could be used to achieve these benefits as a commercial food ingredient, provided it meets other technical, safety and consumer acceptance criteria,” wrote the scientists.
Source:Nigerian Tribune
May 19, 2022 00:47 UTC
Cleric dismembers female customer, police recover body parts
A resident, Mr Siyanbola Akinkunmi, told PUNCH Metro that the suspect, after he was caught, confessed to killing the hairdresser. Our correspondent learnt that Barakat’s body was later identified by her husband and sister. One Alfa Tiamiyu Abass was arrested in connection with the case. “Upon interrogation, the said Alfa Tiamiyu Abass confessed to have killed the deceased, one Barakat, who happened to be his customer. A search was conducted in his house and all the parts removed from the deceased’s body were recovered.
Source:Punch
May 18, 2022 21:21 UTC
‘People power’ and Sri Lanka uprising
BATTERED by adversity, the people of Sri Lanka are up in arms against their government. The genesis of the unrest in Sri Lanka is traced to late 2021 when the cost of living began to skyrocket. In its defence, the Sri Lanka government claims that the COVID-19 pandemic lockdowns triggered the country’s economic troubles. Sri Lanka now imports $3 billion more than it exports annually. The Rajapaksa family has played major socio-political roles in Sri Lanka since the conquest.
Source:Punch
May 18, 2022 19:44 UTC
Australian election 2022: from anti-vaxxers to revolutionaries, what do the minor parties running for the Senate stand for?
Running in: the Senate in all states besides Northern Territory, as well as lower house seats in most states. Running in: the Senate in Queensland, NSW, WA and Victoria, and several lower house seats in Victoria and Queensland. Australian ChristiansThe party wants to elect “a Christian voice amidst the voices in Parliament”. Running in: the Senate in SA, NSW, Victoria, WA and QLD. Running in: the lower house and Senate in WA, Queensland, NSW, Victoria, SA, NT.
Source:The Guardian
May 18, 2022 17:52 UTC
Suspected herdsmen kidnap passengers, kill driver in Abia
A shuttle bus was attacked by suspected Fulani herdsmen along Okigwe – Uturu Road, a few metres away from Abia State University, Uturu. This comes two days after seven students of Abia State University were kidnapped along the same route. A report indicated that students of ABSU are being kidnapped on a daily basis on that route by clearly identified Fulani Herdsmen. The report stated, “Lecturers and students are being kidnapped almost everyday along that road and both Abia and Imo State Governments have done nothing. “If your child is in Abia State university, he or she is no longer safe.
Source:Punch
May 18, 2022 14:45 UTC
The best DeFi Cryptos: Uniswap (UNI), PancakeSwap (CAKE), and Mountanaz (MNAZ) | The Guardian Nigeria News - Nigeria and World News
Two of the main blockchains are Binance Smart Chain (BSC) and Ethereum (ETH). Uniswap (UNI) is the biggest DeFi built on Ethereum. PancakeSwap (CAKE) and Mountanaz (MNAZ) are built on the Binance Smart Chain. Binance Smart Chain (BSC)Binance Smart Chain is a smart contract platform developed by the world’s largest crypto exchange, Binance. With the emphasis on making these transactions easy and fast, there is no doubt that Binance Smart Chain is the best blockchain.
Source:The Guardian
May 18, 2022 13:08 UTC
Kidnappings Are on the Rise – How Technology Can Help You Avoid Becoming a Victim
However, recent crime statistics released by the police ministry paint a bleak picture, particularly when it comes to kidnappings, which are on the rise. Between October and December last year, 2 605 kidnapping cases were reported, which is 686 more cases compared to the previous reporting period. The last four months of 2021 showed the highest number of reported kidnappings in five years. “Kidnappings for ransom are operated by large, specialised syndicates, who are demanding anything between R500 000 to R20 million in ransom,” says Abramjee. Vary the times you leave home and return and avoid using the same routes every day.
Source:The Guardian
May 18, 2022 11:32 UTC
Can RoboApe (RBA) Outshine ApeCoin (APE) and become a Star Cryptocurrency? | The Guardian Nigeria News - Nigeria and World News
RoboApe (RBA)RoboApe (RBA) is the newest meme token poised to revolutionise the cryptocurrency industry for several compelling reasons. RoboApe Token is a contemporary meme token that, due to its sustained community development and rewarding culture, will be capable of transcending economic boundaries and fostering expansion. As a decentralised autonomous organisation (DAO), RoboApe will reorganise the delivery of innovative thoughts, resources, and decision-making to the RoboApe community. During the token sale, the RBA token will be sold at $0.00009 per token, with the revenues going toward helping the RoboApe community. ConclusionIf you missed out on ApeCoin (APE) this year, you won’t want to miss out on RoboApe (RBA) Protocol’s potential earnings.
Source:The Guardian
May 18, 2022 11:12 UTC
Nigeria’s Diasporan remittances to increase over rising food prices, others –World Bank
Nigeria’s Diaspora remittance inflow is set to increase to $29bn in 2022 because of higher food prices and the continued adoption of official bank channels, according to the World Bank. According to the global bank, migrants from the country are likely to send more money home to help with the hike in the prices of staples. The bank disclosed this in its report titled, ‘Migration and Development Brief (May 2022): A War in a Pandemic: Implications of the Ukraine crisis and COVID-19 on the global governance of migration and remittance flows,’ report. It stated that remittance flows to low and middle-income countries are expected to increase by 4.2 per cent to $630bn in 2022. “Momentum for the use of official channels in Nigeria should sustain an uptrend in the year, within flows reaching $21bn.
Source:Punch
May 18, 2022 09:08 UTC
Older people using TikTok to defy ageist stereotypes, research finds
Older TikTok users are using the online platform, regarded as the virtual playground of teenagers, to defy ageist stereotypes of elderly people as technophobic and frail. The immense reach that these older TikTok users have means they have the potential to transform negative age stereotypes that proliferate on social media. Allow TikTok content? Allow TikTok content? Allow TikTok content?
Source:The Guardian
May 18, 2022 08:55 UTC
‘How to mitigate fraud in digital payments system’ | The Guardian Nigeria News - Nigeria and World News
Experts and stakeholders in Nigeria’s payment industry have called for concerted efforts to mitigate the growing menace of digital frauds. Contactless payment is a means of payment that does not require cash or even swiping a card. “There has been a significant increase in contactless payment since the COVID-19 era. In the U.S for example, one in six people testified that they carried out their first contactless payment during the COVID-19 last year . We’ve also seen a 40 per cent year on year growth of contactless payment, and all of this payment is also enabling small businesses.
Source:The Guardian
May 18, 2022 04:39 UTC
Heirs Oil & Gas wins award for $1.1bn deal
Heirs Oil & Gas has won the Africa Deal of the Year 2021 by Project Finance International, following the $1.1bn financing and acquisition of a 45 per cent stake in OML 17 in 2021. The award ceremony took place in London. The deal, which was announced in January 2021, saw Heirs Holdings, the leading African strategic investor, in partnership with affiliated company Transnational Corporation, acquire a 45 per cent participating interest in Nigerian oil licence OML 17 and related assets from the Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited, and ENI. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH. Contact: [email protected]
Source:Punch
May 18, 2022 03:41 UTC
Why I can’t run for Presidency now -AfDB’s Adesina
The President of the African Development Bank, Akinwunmi Adesina, has given reasons he can’t run for Nigeria’s Presidency in 2023. He gave the reasons in a statement on Tuesday titled, ‘Statement by Dr. Akinwumi Adesina, President, African Development Bank’. In the statement, Adesina said his current responsibility as the AfDB’s president won’t make him available to contest Nigeria’s presidency. “I remain fully engaged and committed to the mission that Nigeria, Africa and all the non-African shareholders of the African Development Bank have given me for Africa’s development. “I remain fully focused on the mission of supporting the accelerated development and economic integration of Africa.”The PUNCH had reported that the AfDB’s regulations bar its President from partisan politics.
Source:Punch
May 17, 2022 21:33 UTC