money
Thousands of US-bound Honduran migrants cross border into Guatemala
<img width="696" height="391" class="entry-thumb" src="https://www.today.ng/wp-content/uploads/2021/01/16201205-696×391.jpg" srcset="https://www.today.ng/wp-content/uploads/2021/01/16201205-696×391.jpg 696w, https://www.today.ng/wp-content/uploads/2021/01/16201205-300×169.jpg 300w, https://www.today.ng/wp-content/uploads/2021/01/16201205.jpg 699w" sizes="(max-width: 696px) 100vw, 696px" alt="Thousands of Honduran migrants push through the police fence as they attempt to cross the border at El Florido in Guatemala forming the first migrant caravan of the year on it’s way to the United States on January 15, 2021. – Some 3,000 people left Honduras on foot January 15 in the latest migrant caravan hoping to find ...
Report: Cristiano Ronaldo to extend his Juventus contract by a year
Cristiano Ronaldo seems to be getting better with age and his performances for Juventus has earned him a new contract, according to reports. There have been talks of the Juventus attacker leaving the club in the nearest future, however, the latest report from Momblano via Calciomercato says that the attacker will sign a one-year extension to his current deal soon. Ronaldo has a contract with the Bianconeri until 2022, but the report claims that they will extend it until 2023. Despite getting older, his goals have been one of the reasons why Juventus has remained competitive. The club is now looking to reward him and the report says that money isn’t a problem. Juve has renewed their contract with Jeep and Adidas, which gives them the money that they need to pursue their goals. “CristianoRon...
Nigerian government seizes bank’s assets over Shell’s N183 billion debt
File Photo Nigerian government have moved to sequester the assets of the country’s premier lender First Bank of Nigeria Limited in an effort to recover the damages oil major Royal Dutch Shell owed the Ejama Ebubu community of Rivers State in a legal contest spanning many decades, Bloomberg reported Thursday. Police operatives and court officials arrived the bank’s main branch in Port Harcourt on Tuesday to execute an order to seize the lender’s asset, FirstBank said in a statement. The bank said the incident leading to the confiscation of its properties was “unjustified, illegal and a reckless misuse of the machinery of justice.” Lagos-headquartered FirstBank resolved to guarantee the damages awarded against Shell by a Rivers State high court judge a decade ago. According to the estimation...
Derby County unable to pay first team in full amid takeover doubts
Derby County’s chief executive has told the first-team squad that the club is unable to currently afford to pay them their outstanding wages from December, but is working to address the problem. Most of Derby’s first-team squad were only paid 50 per cent of the money that was due to them on December 15 and were told the rest would be paid in full, together with their current month’s wages, on January 15. But, repeated delays in the protracted takeover by Sheikh Khaled’s Derventio Holdings has meant the club has a major cash flow problem. After a number of missed deadlines, it had been hoped that the deal would be concluded on Tuesday night, but the purchase of the club remains incomplete. Sky Sports News has been told that there is a legally binding agreement between the two parties for th...
Egypt court acquits TikTok stars jailed over ‘debauchery’
An Egyptian appeals court has acquitted two young women imprisoned for “attacking society’s values” over videos they published on TikTok. The women had been sentenced to two years in prison last July for “breaching public morals”. “The court of appeal accepted the appeal filed by Haneen Hossam and Mawada al-Adham against their imprisonment … on charges of incitement to debauchery and attacking society’s values,” a court official said on Tuesday, asking not to be named. Hossam, 20, was acquitted after being jailed for encouraging women among her 1.3 million subscribers to broadcast videos in exchange for money, while al-Adham’s two-year sentence for publishing indecent photos and videos was cancelled. Hossam’s lawyer Hussein El Bakar told Thomson Reuters Foundation that her client, a studen...
2021: Banks to walk a tightrope amid low revenue environment
Nigeria’s deposit money banks (DMBs) must brace up for the challenge of 2021 that might tax their resolve to remain in business. Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles. Their valuable customers such as high net-worth individuals, corporate bodies and other institutions are equally challenged. In his book, Business Stripped Bare, celebrated iconic entrepreneur and founder of the Virgin Group, Richard Branson, says, “without trustworthy banks, there can be no business, no employment, no money. According to Branson, “People have got to be able to go to bed at night secure in the knowledge that the money they depo...
PHED: Why blackout persists in Rivers communities
File Photo The Port Harcourt Electricity Distribution Company said five power towers were damaged by suspected vandals at the Elelenwo transmission substation in Obio/Apkor Local Government Area, plunging several communities in Rivers State into darkness. Acting Head, Corporate Communications, PHED, Ngozi Koroye, who disclosed this to newsmen in Port Harcourt, said the installation belongs to the Transmission Company of Nigeria. Koroye explained that the action of the hoodlums caused extensive damage to the facility, noting that the company felt the pains of residents in the affected areas who have been in darkness for over one month. “The outage though regrettable is as a result of extensive damage caused by the activities of electricity vandals to towers 51, 52, 53, 54, and 55. Five towe...
NNPC seeks $1 billion funding to revive PHC refinery
The Nigerian National Petroleum Corporation, NNPC, is currently shopping for $1 billion to revamp Nigeria’s biggest refinery located in Port Harcourt, Rivers State. To realise its plans, the nation’s oil company is already in high-level discussion to raise the money via a prepayment deal with trading firms. If the financing is successful, the long overdue rehabilitation of the refinery should reduce Nigeria’s hefty fuel import bill. It would also mark Nigeria’s second oil-backed financing since the COVID-19 pandemic that has added to the difficulty of finding investors as fuel demand is sapped by lockdowns and renewable energy is gaining ground over fossil fuels. The money would be repaid over seven years through deliveries of Nigerian crude and products from the refinery once the refurbis...
PDP sets agenda for Lagos governor in 2021
The Lagos State Chapter of Peoples Democratic Party has advised Gov. Babajide Sanwo-Olu to strive hard to provide satisfactory dividends of democracy to residents of the state in 2021. The state PDP Publicity Secretary, Taofik Gani, said this in an interview with the News Agency of Nigeria in Lagos, while assessing Sanwo-Olu’s performance in 2020. “As a constructive opposition party, the year 2020 was not satisfactory in terms of dividends of democracy to Lagos residents. “Most of the local council chairmen performed below average, Sanwo-Olu should look into that because the chairmen are putting too much pain on the people due to their abdication of duties. “We are indeed very anxious to take over government as an opposition party in Lagos,” Gani said. According to him, the party shared wi...
US Democrat Senate wins push stocks higher despite Capitol chaos
Clean sweep by Democrats allows them to enact big-spending policies likely to benefit the economy, investors say. Global stock markets rose and bonds nursed losses on Thursday in anticipation of a big-borrowing and big-spending Democratic administration driving growth, following runoff elections that gave the party control of both houses of the United States Congress. On Wednesday, US Treasury bonds had suffered their steepest selloff in months after Democratic Party victories in two races in the state of Georgia handed them narrow control of the Senate and the power to pass their agenda. US S&P 500 futures rose 0.6 percent and Nasdaq 100 futures rose 0.9 percent as markets seemed to shake off a late fade that pulled Wall Street indexes back from fresh record peaks when chaotic protest...
Anambra election: PDP orders members to withdraw all litigations against party
File Photo The Peoples Democratic Party (PDP) has asked its members in court against the leadership of the party in Anambra to withdraw all litigations ahead of the November governorship poll in the state. The South-East National Vice Chairman of the party, Chief Ali Odefa, made the request in Awka during a meeting of the Zonal Working Committee with stakeholders in the state on Monday. Odefa said that it was in the overriding interest of the party for peace and unity to reign ahead of the poll. According to him, the party needs unity and cannot afford any court distractions, if it must form the next government in Anambra. He, therefore, urged the aggrieved party members to direct their complaints to the zonal leadership for amicable and dispassionate resolution. Odefa, who expressed satis...
Ogun government creates trust fund for sports development
Ogun State will soon set up a Sports Trust Fund that would help in creating an enabling environment to tap from the multiplier effects of Sporting activities. The State Governor, Prince Dapo Abiodun, stated this when officials of the Nigerian Football Federation (NFF), led by the President, Mr. Amaju Pinnik, paid him a courtesy call in his office at Oke-Mosan, Abeokuta, saying that sports, over time has moved from an entertainment past time to a Money spinning venture. “We are putting in place, a Sports Trust Fund to create enabling environment to engage and enjoy the multiplier effects of Sporting activities. We are going to launch that very soon, so that our sports have enough funding”, he noted. The governor, who described Sports as a means of youth employment, opined that when youths a...
