Home » Billions » Page 2

Billions

FIFA chief to break silence as Super League plunges Europe into crisis

FIFA president Gianni Infantino is expected to deliver his verdict on the European Super League on Tuesday after the widely condemned breakaway competition triggered threats of legal action and punitive measures. European body UEFA will look to support from the world football chief at its congress in Switzerland as it attempts to quash an initiative that threatens its prized Champions League and the health of domestic competitions such as England’s Premier League. Twelve powerful clubs – six from England, and three each from Spain and Italy – have signed up for the Super League, which offers guaranteed spots for its founding members and billions of dollars in payments. Currently, clubs have to qualify for the Champions League each year through their national competitions, and face a length...

House minority caucus flays $1.5 billion approval for rehabilitation of Port Harcourt refinery

The Minority Caucus in the House of Representatives Tuesday described the approval of $1.5 billion for the rehabilitation of the Port Harcourt refinery as a huge scam and a ploy by unscrupulous elements to siphon public funds. The Federal Executive Council (FEC) had recently at its virtual meeting presided over by President Muhammadu Buhari approved $1.5 billion for the rehabilitation of the refinery. But, the caucus in a statement by its Leader, Hon. Ndudi Elumelu, while rejecting the amount, said the figure is outrageous and heavily inflated, demanding an immediate review of the cost. The lawmakers noted that while they are in support of any genuine effort to bridge energy deficit in Nigeria, such should not be used as a ploy by corrupt individuals to fleece the nation. The caucus called...

TUC opposes sale of Port Harcourt refinery

File Photo The Trade Union Congress (TUC) is opposed to the sale of the Port Harcourt Refinery as canvassed by many Nigerians, its secretary-general, Musa Lawan, has said. The Federal Executive Council last week approved $1.5 billion (about N600 billion) for the rehabilitation of the 210,000 barrels per day refinery. The FEC approved the amount at its virtual meeting presided by President Muhammadu Buhari. The approval came amidst a controversial price increase in the pump price of petrol that was later reversed. Although Nigeria has four refineries, all government-owned, it currently imports virtually all its refined petroleum products. The approval for the Port Harcourt Refinery was greeted with mixed feelings as the country in the past spent billions of dollars on refinery maintenance w...

Fire destroys shops, property worth billions of naira at Katsina central market

Hundreds of shops were burnt to ashes following a fire outbreak at Katsina Central Market on Monday, newsmen report. The fire started at around 8 a.m., on Monday, from some shops located at the centre of the market, before it spread to other parts. The fire is still raging as at about 12:30pm, in spite of efforts of firemen to contain it. The inferno had destroyed property worth billions of Naira, mostly belonging to traders selling clothings, shoes, kitchen utensils, carpets, plastics among others. Some of the traders affected said they had no idea how the fire started, but added that they had lost everything in their shops to the fire. Alhaji Harisu Abdullahi, whose shop was among those destroyed, said it was difficult to ascertain the cause of the fire, and has left everything in the ha...

UN official highlights values of water in fighting coronavirus pandemic

Water has many values that are just not priced, Sasha Koo-Oshima, the Deputy Director, Land and Water Division, UN Food and Agriculture Organisation (FAO), told Xinhua ahead of the World Water Day on March 29. The official highlighted that with the coronavirus (COVID-19) pandemic, a large part of the world population still lacks access to handwashing facilities at home. “This is the first line of defence against this virus and the value of water is very evident in this progression. “The first thing we realised is handwashing. Many countries just don’t have clean water to even just wash hands,” she said. The UN on Monday warned that more than two billion people do not have direct access to water, the “blue gold” which is essential in defeating the pandemic. In its World Water Development Re...

Bayelsa governor: 2.5% revenue for host communities ‘unacceptable’ to Niger Delta

Gov. Douye Diri of Bayelsa on Tuesday proposed that 10 per cent of derived oil revenue be provided in the Petroleum Industry Bill (PIB) for the host communities. Mr Diri, in a statement by his Chief Press Secretary, Daniel Alabrah, said this on Tuesday during a townhall meeting on the bill with members of the National Assembly in Yenagoa. The governor said the 2.5 per cent revenue proposed for the host communities in the PIB was grossly inadequate and unacceptable to the people of the Niger Delta. He argued that if the National Assembly members saw firsthand the level of environmental degradation and its attendant effects on the people, they would not hesitate to increase it from 10 per cent. Mr Diri stressed that the PIB was critical in addressing issues such as unemployment, lack of tran...

PTF: Nigeria has over 100 molecular laboratories

Nigeria can now boast of over 100 molecular laboratories for the testing of COVID-19 in the country, the Chairman of the Presidential Task Force (PTF), Boss Mustapha, has said. This is just as the Chief of Staff to the President, Prof Ibrahim Gambari, flayed the non challant attitude of people in his home state, Kwara, to the pandemic. The SGF who spoke Tuesday at the commissioning of State House Clinic Special Care Centre (COVID-19 Isolation Centre) stated that the number of molecular laboratories grew from two last year to more than 100 as at today and are spread across the 36 states of the federation. His words: ‘‘From just two molecular laboratories for the testing of COVID-19 in Nigeria, we now have over 100 molecular laboratories, public and private, across the 36 States of the Feder...

NANS: Nigerian government’s 2021 budget for education worst in 10 years

The President of the National Association of Nigerian Students (NANS), Com. Sunday Asefon, has frowned at the 2021 budgetary provision for education under President Muhammadu Buhari, describing it as the worst in the last ten years in the country. Disturbed by the neglect of the education sector, which was apportioned with a paltry of 5.6 percent in the 2021 budget and the high level of insecurity in the country, NANS has planned to organise a Security and Education Summit to partner stakeholders on how to arrest the drift in the two critical sectors Asefon said this in Ado-Ekiti, on Thursday, during a courtesy visit to the office of the Nigeria Union of Journalists, Correspondents’ Chapel, Ekiti chapter. He said: “I condemn totally, the federal government’s 2021 budgetary provision to edu...

NCC to ensure enforcement of copyright laws from 2021 – chief

File Photo The Director General, Nigeria Copyright Commission (NCC), Mr John Asien, says the commission would focus more on the enforcement of copyright laws as from 2021. Asien told newsmen on the sidelines of the just concluded 39th International Convention of the Association of Nigerian Authors (ANA) in Ilorin, that it would no longer be business as usual for pirates, as different strategies would be used, both online and in physical space, to ensure that pirates stopped selling pirated books. ”For us at the commission, we are more than committed, by next year we will be focusing more on enforcement and we are going to do that in all nooks and cranny of Nigeria. ”We are going to use different strategies and working on different platforms, both online and the physical space. This is beca...

Nigeria to spend N75 billion on youth development in three years – minister

Minister for Special Duties and Intergovernmental Relations, Senator George Akume, said the Buhari-led Federal Government plans to spend N75 billion on youth development in form of support for communities, skill acquisition and realisation of their potentials within the next three years. Akume, who spoke during a youth rally in Makurdi, said for the year 2020, N12.5billion would be committed to the programme. He explained that the Federal Executive Council (FEC) recently approved the funding and commended Benue youths for conducting themselves peacefully during the EndSARS protests. The former Benue State governor and senator said the Federal Government has approved the dualisation of Keffi-Lafia-Makurdi-Otukpo-9th Mile road; the rehabilitation of Makurdi-Gboko-Katsina Ala road, as well as...

NANS gives DSS Monday to free #RevolutionNow protesters

The National Association of Nigerian Students, South-West Zone, has given the Department of State Services till Monday to release detained #RevolutionNow protesters. The post NANS gives DSS Monday to free #RevolutionNow protesters appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.