May 20, 2018

*Former Edo NMA Chairman, 2 Others Kidnapped *Nigeria’s Debt Profile Balloons to $11 Billion- DMO

*Former Edo NMA Chairman, 2 Others Kidnapped *Nigeria’s Debt Profile Balloons to $11 Billion- DMO


Former Edo NMA Chairman, 2 Others Kidnapped

Former chairman, Nigerian Medical Association (NMA), Edo State Chapter, Dr Philip Ugbodaga, and two other doctors whose identities are yet to be known were reportedly kidnapped in Friday in faraway Imo State where they had gone to render free medical services to some communities courtesy of a friend who was championing free medical services to members of the community. Read more

Nigeria’s Debt Profile Balloons to $11 Billion- DMO

The Director-General, Debt Management Office, Dr. Abraham Nwankwo has disclosed that Nigeria’s external debt profile has risen to $11 billion as at October 2015 as against the $ 9.4 billion recorded in March.

Domestic debt profile was said to have risen to N11 trillion. Read more

Fuel Scarcity – Governor Advocates Liberalisation of Petroleum Downstream Sector

Gov. Udom Emmanuel of Akwa Ibom has advocated the liberalisation of the petroleum downstream sector to regulate the cost paid by the public for petroleum products.

Emmanuel, who stated this during the monthly prayer meeting at the Latter House Chapel, Government House, Uyo, on Saturday regretted the artificial scarcity of premium motor spirit (petrol) in the state. Read more

FG Licenses 23 Modular Refineries

The Federal Government has concluded plans to issue 23licences to establish modular mini refineriesto increase local refining capacity, sustainable supplies and to stop importationof petroleum products into the country.

The Director, Department of Petroleum Resources (DPR), Mr. Mordecai Danteni Ladanin a telephone chat last Wednesdayhinted that it was part of President Muhammadu Buhari’s commitment to reposition the petroleum industry to the glorious days ofpetroleum products availability. Read more

NERC Approves Expansion Of AEDC’s Vending Centres To 500

The Nigerian Electricity Regulatory Commission (NERC) has approved Abuja Electricity Distribution Company (AEDC’s) plan to expand the centres for vending of its electricity tokens to 500, a statement said.

According to the statement signed by Ahmed Shekarau, Head, Public Relations and Media of AEDC, the company which was legally licensed to market and distribute electricity, vends power through 50 different selling points. Read more

We Are Giving People, Communities A Chance To Add Value To The Economy – Olaoluwa

The Bank of Industry (BoI) has intensify efforts to assist small and medium enterprises in the country through the provision of loans with cheaper interest rates. Managing director of the development bank, Rasheed Olaoluwa, spoke with BLESSING ANARO and KINGSLEY ALU on recent developments in the bank. Excerpts 

How is BoI localising some of its operations? Read more

Spain, US in new accord on nuclear accident site cleanup

Washington and Madrid have reached a new agreement in principle for the United States to clean up land contaminated by radiation from undetonated nuclear bombs that accidentally fell on a site in Spain in 1966, a joint statement said Monday.

The two sides “intend to negotiate a binding agreement for a cooperative effort to conduct further remediation of the Palomares site and arrange for disposal of the contaminated soil at an appropriate site in the United States,” the statement said. Read more

Kerry calls for end to Israeli-Palestinian violence

US State Secretary John Kerry called Monday for an end to the wave of deadly Israeli-Palestinian violence but said “Israel has every right in the world to protect itself”.

“We want to see calm restored and we want to see violence stop,” Kerry said in Madrid. Read more

Two dead as bomb hits army vehicle in restive Thai south

A large bomb buried under a road killed two Thai army rangers and wounded five others on Monday in the kingdom’s restive, Muslim-majority deep south.

The explosion was large enough to knock the armoured vehicle carrying the rangers off the road in Saiburi district of Pattani province, a hotspot in an 11-year insurgency that has claimed thousands of lives. Read more

Malaysian opposition leader to seek vote of no confidence in PM

Malaysia’s opposition leader said Monday she would seek a parliamentary vote of no confidence in Prime Minister Najib Razak, who faces fierce scrutiny over corruption allegations.

Wan Azizah Wan Ismail said she would submit the motion on behalf of the three-party opposition coalition “within the next few days”, seeking to call Najib to account over a scandal that has roiled Malaysian markets and battered the government’s image. Read more

Four held in Turkey over Ankara attack

A criminal court in Turkey ordered the detention of four people suspected of involvement in the double suicide bombing in Ankara that killed over 100 people, the Anatolia news agency said Monday.

The suspects, remanded in custody after going before a judge on Sunday night, were charged with the “fabrication of explosive devices with the intention to kill” and “an attempt to disrupt constitutional order”, the official news agency said without providing any further details. Read more

Zambia leader seeks God’s help as currency freefalls

Zambia’s President Edgar Lungu has turned to God in a bid to stop the freefall of his country’s ailing currency, with bars shut and football matches cancelled on a national day of prayer to end a record slump.

Lungu ordered the prayer session last month after the kwacha fell 45 percent against the dollar since the start of the year due to a sharp drop in the price of copper, the country’s main export. Food prices have soared and crippling power shortages have also been triggered by low water-levels in Lake Kariba, where hydropower plants supply much of the country’s electricity. Read more


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