The Senate has been told that the Federal Capital Territory Administration, FCTA spent a total sum of N28.5billion on some activities within the Federal Capital Territory, FCT during the outbreak of the Coronavirus COVID-19 pandemic, especially during the lockdown. Speaking yesterday in Abuja when he presented the revised 2020 budget before the Senator Abubakar Kyari, All Progressives Congress, APC, Borno North led Senate Committee on FCT, Minister of the FCT, Mallam Mohammed Musa Bello explained to the Committee that the fund was spent on provision of security services, provision of palliatives for indigent residents, as well as assisting neighbouring States who were distressed. According to him, the FCT health facility supported residents from States where the level of government assista...
United Nations (UN) has revealed that not less than 110 civilians were killed by Boko Haram in the attack on a rice field in Borno State. Earlier reports had put the death toll of Saturday’s deadly Boko Haram attack on rice field in Borno at 43 while several others were said to be missing. A statement by the United Nations Humanitarian Coordinator in Nigeria, Mr. Edward Kallon, on Sunday, while describing the attack as horrifying, said not less than 110 people were killed with many other persons injured in one the deadliest attack by the terrorist group, who have laid siege to the Northeast for over a decade. Kallon said: “I am outraged and horrified by the gruesome attack against civilians carried out by non-state armed groups in villages near Borno State capital Maiduguri. “At least 110 ...
File Photo The National Insurance Commission (NAICOM) has granted operating licenses to four insurance firms and one reinsurance company to operate in the nation’s insurance industry. The four insurance firms are Heirs Insurance Limited (General); Stanbic IBTC Insurance Limited; Heirs Life Assurance Limited; Enterprise Life Company Nigeria Limited; and FBS Reinsurance Limited. The Commissioner for Insurance, Sunday Thomas, while presenting the licenses to the companies in Abuja, said that they have met the statutory requirements to carry out insurance business in Nigeria. Meanwhile, Heirs Insurance Limited (general) has appointed Olaniyi Stephen Onifade as its Managing Director; Stanbic IBTC Insurance Limited appointed Akinjide Orimolade as Managing Director; Heirs Life Assurance Limited a...
Arianna O’Dell, a 30-year-old entrepreneur and songwriter based in New York City, had a tumultuous four-year journey in cryptocurrency before selling her investments in February. During her rollercoaster ride, bitcoin prices swung from less than $1,000 to nearly $20,000. O’Dell may not have made optimal decisions about when to buy or sell, and missed out on the recent rally – but said she does not regret that. Investing $2,705 worth of proceeds into her business was better than enduring the stress of daily fluctuations, even though the price has since doubled, she said. “Honestly, I’ve had more luck in Vegas than I’ve had with cryptocurrencies,” O’Dell said in an interview. She is part of a relatively new class of retail investors who joined the cryptocurrency market years ago, helping pro...