Gap
Bill seeking pay-as-you-go for cable TV passes second reading in House
The Deputy Chairman of the House of Representatives Committee on Communication, Hon Idem Unyime, on Friday assured that Nigerians will soon get pay-as-you-go services for digital satellite television. Unyime gave the assurance as a Bill for an Act to amend the National Broadcasting Commission Act, co-sponsored by himself, Hon Odebunmi Olusegun and Hon Dachung Musa Bagos, scaled second reading. Unyime while appealing to Nigerians to be patient as the Bill will soon be passed into law, said when passed, it will also give the NBC the power to fix prices for digital television. He expressed optimism that the proposed legislation would be passed into law as quickly as possible to assuage the inconvenience Nigerians have so far endured as far as cable television is concerned. The Bill, he said, ...
Naira stable at parallel, official market
Nigeria’s naira remained stable against the U.S. dollar at the unofficial market on Friday, data posted on abokiFX .com, a website that collates parallel market rates in Lagos showed. The data posted showed that the naira closed at N485.00 at the black market, the same rate it exchanged hands with the greenback in the previous session on Thursday. Similarly, the local unit remained stable at the official market. Data posted on the FMDQ Security Exchange window where forex is officially traded showed that the domestic unit again closed at N410.00 at the trading session of the NAFEX window on Friday. Friday’s performance came to be as forex supply slumped significantly. The naira experienced an intraday high of N394.00 and a low of N436.40 before closing at N410.00 on Friday, the same rate i...
Real Madrid suffer title race blow with 0-0 Getafe draw
Real Madrid‘s chances of defending their La Liga title this season have been dealt a real blow as they slipped to a 0-0 draw at Getafe. Zinedine Zidane‘s injury hit side were unable to break down their determined hosts in the south of Madrid as the gap between themselves and leaders Atletico Madrid remains at three points. Jose Bordalas’ side carved out the better early chances at the Estadio Coliseum Alfonso Perez with Thibaut Courtois called into action to deny Mathias Olivera before Jaime Mata struck a post. Zidane’s visitors did improve either side of the break with Vinicius Junior and Mariano Diaz testing David Soria. However, Getafe dominated the closing stages with Courtois again coming to Real Madrid’s rescue with key stops from Nemanja Maksimovic and Angel Rodriguez. Up next for R...
Robert Whittaker’s Saturday victory brightens rematch with Nigeria’s Israel Adesanya
In the main event of Saturday’s Ultimate Fighting Championship (UFC) Vegas 24, Robert “The Reaper” Whittaker, the New Zealand-born Australian professional mixed martial artist, scored a convincing 50-45 win on all three judges’ scorecards against Kelvin Gastelum, American professional mixed martial artist in the Middleweight division at the Apex facility in Las Vegas. In the early exchanges, Gastelum was aggressive and took control of the center of the Octagon. It was not what Whittaker wanted, so he quickly countered Gastelum, sending a message with a strong head kick that landed squarely. From then on, Whittaker established some of his dominance in the clash. Not long after, he showed he actually held the wrestling advantage as he took down the former collegiate wrestler and held him dow...
Everton blow late lead against Crystal Palace
Everton’s hopes of a top-four finish in the Premier League were dented by Michy Batshuayi’s 86th minute equaliser to salvage a 1-1 draw for Crystal Palace at Goodison Park on Monday. The Toffees were made to rue a string of missed chances either side of James Rodriguez’s opener as they only narrowly closed the gap on fourth-placed Chelsea to four points. Rodriguez’s return from injury for the first time since Everton ended a two-decade wait to beat Liverpool away in the Merseyside derby in February sparked a far more enterprising performance from Carlo Ancelotti’s men. Vicente Guaita was forced into fine saves from Dominic Calvert-Lewin and Richarlison in a dominant first-half display from the home side. Rodriguez finally broke the deadlock 11 minutes into the second-half when he fired hom...
Minister: 60% of dairy products consumed in Nigeria imported
Nigeria imports at least 60 per cent of dairy products the country consumes, the Minister of Agriculture and Rural Development, Sabo Nanono, has said. Mr Nanono disclosed this when speaking at the National Dairy Policy Stakeholders Engagement in Abuja on Tuesday. He said, “Despite the potentials in the dairy industry, 60 per cent of dairy products consumed in the country is imported while the remaining 40 per cent is produced locally.” The minister said Nigeria’s per capita consumption of milk is 8 litres per year, representing very low consumption levels when compared with the global average of 44 litres of milk, according to the Food and Agriculture Organisation of the United Nations (FAO). According to him, presently, the Nigerian dairy industry is largely subsistence and consists of lo...
DPR allays fears of fuel scarcity during easter
File Photo Ahead of the Easter festival coming up by the end of March, the Department of Petroleum Resources (DPR) has reassured Nigerians that there will be no fuel scarcity, urging them to desist from panic buying. It also stated that government has put a formidable policy in place to ensure free flowing supply and distribution of petroleum products during the festivity. Addressing journalists after going round on routine surveillance to monitor and ensure that all retail outlets are complying with the recommended price of between N162 to N165 per litre, the Jos office Operations Controller of DPR, Mr. Stanley Ngene, said: “I can assure you that every necessary precaution is being taken by the government to ensure that we do not go back to the days of fuel scarcity.” Ngene said that the ...
Kanye West Now Worth Estimated $6.6B Thanks to Lucrative Gap, Adidas Deals
The document further reveals that Gap, an ailing brand whose partnership with West represents a play for younger consumers, expects its Yeezy line to break $150 million in sales in its first full year in 2022 and envisions it surpassing a billion dollars in revenue within eight years, or even as soon as 2023 on the upside. West stands to profit handsomely in any event, as he retains sole ownership and creative control of the Yeezy brand and earns royalties on sales under the deal, with the rate increasing as the business grows. He’ll also receive stock warrants when the collection hits sales targets, with the highest set at $700 million, according to a securities filing. West’s longstanding deal with Adidas has been the most lucrative part of his business endeavors to date, with Yeez...
Charles Udeogaranya: Ndigbo Republic may emerge if South-East fails to produce president in 2023
A Presidential aspirant of the All Progressives Congress, APC, in 2019, Chief Charles Udeogaranya, has said that the way things are going in Nigeria, Ndigbo Republic may emerge instead of Biafra. According to him, “if after 50 years of Nigeria/Biafra civil war and political power brokers do not find it expediently urgent to close this monumental gap of inequality by giving a sense of belonging to the South-East region of Nigeria, then Ndigbo Republic (NR) is inevitable and I will lead the struggle of its actualisation.” Udeogaranya said that Ndigbo remains more Nigerian than any other Nigerian ethnic group and will always play their big brother role of pan-Africanism. Ndigbo, he said wants the best for the Yoruba nation, Hausa nation, Fulani nation, Ijaw nation and every other nationality ...
Chukwuma Soludo: I received 19 threats during banking consolidation era
YouTube The former governor of the Central Bank of Nigeria, CBN, Professor Charles Chukwuma Soludo, at the weekend in Awka, narrated how he received 19 written threats on his life following his decision to embark on banking consolidation in Nigeria in 2004 when he became the boss of the nation’s apex bank. In an interview, Soludo also recalled attempts made to kidnap his children at Offa, Kwara State where they were at the time because many people felt threatened by the policy. He said: “I am a very impatient person to see change happen and I am passionate in anything I focus on. When I was the chief economic adviser to President Olusegun Obasanjo, and the tenure of the former CBN governor ended and I came in. within one month, I announced a 13 – point agenda for banking consolidation. “At...
Atiku Abubakar: Nigeria needs urgent rescue
Former Vice President Atiku Abubakar has declared Nigeria is in dire need of urgent rescue. Nigeria, he said, has been badly damaged and broken. He decried the unbearable and alarming conditions Nigerians are living with, lamenting hunger was ravaging as farmers have deserted their farms for fear of being killed. These were contained in a statement in Abuja on Sunday by Hon. Oladimeji Fabiyi, who stood in for the Waziri Adamawa at the weekend in Gombe State during the inauguration of the leadership of the North-east zone of the Nigeria Youth Congress for Atiku. “The hunger in the Northern Nigeria and indeed the entire country is getting to an unbearable and alarming rate as our farmers, fathers and mothers can no longer go to farm. “Agriculture is one of the comparative advantages the Nort...
PHED begins distribution of 77,000 meters to customers
File Photo The Port Harcourt Electricity Distribution Plc, PHEDC, has begun the distribution of 77,000 Prepaid Metres to its Customers within its area of operation. The Head, Administration, Ngozi Koroye, in a statement in Port Harcourt, noted that the metres were installed under the National Mass Metering Programme, NMMP. Koroye explained that the initial scheme, Meter Asset Provider, MAP, which runs concurrently with the NMMP was launched in 2019 and operated by independent entities licensed by the Nigeria Electricity Regulatory Commission, NERC, to provide metering services which may include meter procurement, supply, installation, maintenance, and replacement. Koroye noted that MAP was introduced to specifically eliminate arbitrary estimated billing through accelerated meter rollout, s...
