network
Easter: Abuja airport records high traffic
The Nnamdi Azikiwe International Airport, Abuja, on Friday witnessed increased traffic due to huge number of passengers travelling to different parts of the country to celebrate Easter. According to NAN reports, flights from Abuja to other routes were fully booked before Thursday. Also, booking and check-in counters of many airlines were crowded with travelers rushing to board their flights. Many of the airline officials who spoke with NAN in separate interviews said there was upsurge in traffic, but ticket fare still remained same. The Max Air Station Manager, Kehinde Ogunyale, said that more people had chosen to fly home for the Easter celebration than the previous years. Ogunyele further said that Max Air also possibly experienced unique increase in passengers due to reduction in flight...
Femi Falana: EFCC can mandate bank MDs, executives to declare assets
The Economic and Financial Crimes Commission (EFCC) is charged with the responsibility of enforcing the provisions of all laws relating to economic and financial crimes, Africa’s leading human rights lawyer, Mr. Femi Falana (SAN) has said. Consequently, according to the senior advocate, the anti-graft commission is empowered to cause investigations to be conducted into the properties of any person as stipulated under Section 7 (1) (b) of the EFCC Act, 2004. Also yesterday, Transparency International (TI) argued that if the provisions of the Bank Employees, etc. (Declaration of Assets) Act, 1986 were effectively enforced, Nigeria could save between $15 billion and $18 billion illicit financial flows (IFFs) annually. Falana clarified the roles of the EFCC in a response to inquiries on whethe...
Electricity customers fault DisCos move to phase out obsolete meters
Electricity consumer groups on Thursday faulted directive by the Nigerian Electricity Regulatory Commission (NERC) to power Distribution Companies (DisCos) to replace obsolete meters under their networks. The groups in an interview with newsmen in Lagos, urged the DisCos to focus on issuing meters to unmetered customers under the ongoing National Mass Metering Programme of the Federal Government. Adeola Samuel-Ilori, the National Coordinator, All Nigeria Electricity Consumers Forum, said the directive by NERC was not a priority for the Nigerian Electricity Supply Industry. “The DisCos have a history of not complying with NERC’S directive and giving them power to take away customers meters under the guise of being obsolete is not the right way to go. “This will only lead to more customers b...
Chukwuma Soludo: Why I joined Anambra governorship race
Former Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, says he is in the governorship race of Anambra to make the South-East geopolitical zone an island of prosperity. Newsmen report that Soludo will run for the Nov. 6 poll on the platform of the All Progressives Grand Alliance (APGA). In an interaction with newsmen on Saturday in Awka, he said the South-East had become largely unlivable despite the solid foundation and infrastructure laid down by leaders for the region’s development. Soludo described the South-East as a “tiny poor place that must begin to turn into a Promised Land. “For you to create a livable society comparable to any other place, it requires a crusade for all and it must happen simultaneously in the South-East,” he said. He said Anambra had been relative...
WhatsApp delays data sharing change after backlash
WhatsApp on Friday postponed a data-sharing change as users concerned about privacy fled the Facebook-owned messaging service and flocked to rivals Telegram and Signal. The smartphone app, a huge hit across the world, cancelled its February 8 deadline for accepting an update to its terms concerning sharing data with Facebook, saying it would use the pause to clear up misinformation around privacy and security. “We’ve heard from so many people how much confusion there is around our recent update,” WhatsApp said in a blog post. “This update does not expand our ability to share data with Facebook.” It said it would instead “go to people gradually to review the policy at their own pace before new business options are available on May 15.” The update concerns how merchants using WhatsApp to cha...
US slaps sanctions on two foundations linked to Iranian supreme leader
The United States on Wednesday blacklisted two Iranian foundations controlled by Supreme Leader Ayatollah Ali Khamenei and their subsidiaries, saying the institutions enabled Iran’s elite to sustain a “corrupt” system of ownership over large parts of the economy. The designations announced by the US Department of the Treasury target Execution of Imam Khomeini’s Order (EIKO) and Astan Quds Razavi (AQR), their leaders and subsidiaries. These are the latest actions to reinforce the “maximum pressure” campaign on Iran pursued by US President Donald Trump’s administration. “These institutions enable Iran’s corrupt leaders to exploit a system of ownership over a wide range of sectors of Iran’s economy,” US Secretary of State Mike Pompeo said in a statement. US-Iranian tensions have risen since T...
Igbo group writes Nigerian government to request extradition of Nnamdi Kanu for ‘treasonable felony
YouTube An Igbo professional group, Coalition of South East Professionals’ Network in Nigeria and Diaspora (CSEPNND), has written an open letter to the Federal Government of Nigeria, urging it to immediately write the Government of the United Kingdom and Israel, requesting for extradition of leader of Indigenous People of Biafra,Mazi Nnamdi Kanu,to face the law over his involvement in alleged treasonable felony. The group whose request was contained in the open letter dated January 8th, 2021, and addressed to President Muhammadu Buhari, explained that its action was predicated on Kanu’s ceaseless treasonable activities in the country. Noting that Kanu possessed citizenship of the two foreign nations, the coalition, according to the letter signed by its National President, Prof. Madumere Ch...
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...
Report highlights impact of coronavirus on graduates
The COVID-19 pandemic has negatively impacted 47 per cent of graduates and their activities (including job search), a report has stated. Also 17 per cent of graduates lost their jobs due to the pandemic, a research by the Knowledge Exchange Centre (KEC) and BudgIT revealed. The Executive Secretary, KEC, Aghogho Akporido, disclosed this during the virtual graduation ceremony of 43 students in its Graduate Advancement Programme (GAP) network, recently. He said the programme was extended to three months as opposed to the previous six weeks. He also said during the selection process, training session, career counselling and mentoring session and even in some cases, the internship was done virtually (online). Akporido said for the first time there were participants from eight states and volunte...
Firm restates commitment to enhance financial inclusion
Nigeria-based fintech solution, NowNow, has said that it will continue to upgrade its services to attune to current realities, such that will drive economic and social growth. Founder of NowNow, Sahir Berry, while speaking on how COVID-19 pandemic has disrupted the financial space recently, mentioned that Nigeria needs to strengthen its fintech space more than before. Berry stated that it was important for Nigeria to tap into the trends and prospects of fintech given the country’s large unbanked or underbanked. He added the company recognised this gap in Nigeria, which informed its investment in the space. “In 2017 we identified that one of the two big problems in Nigeria was lack of youth empowerment and financial inclusion. With a population of almost 100 million youths, we found that ac...
Spain touts mass vaccine plan, sees light at tunnel’s end
After months of turmoil and over 42,000 deaths, Spain appeared to see light at the end of the tunnel Friday, announcing ambitious plans to vaccinate much of the population by mid-2021. The post Spain touts mass vaccine plan, sees light at tunnel’s end 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.
Kim Jong Un: North Korea facing its ‘worst-ever situation’
Kim Jong Un says North Korea is facing its “worst-ever situation” and called on “grassroots” members of the ruling Workers’ Party to be more proactive and responsible in carrying out the country’s new five-year economic plan. The comments, reported by state media on Wednesday, came as experts warn Kim is facing perhaps his toughest moment as he approaches a decade in rule, with North Korea’s coronavirus lockdown unleashing further shock on its sanctions-battered economy. North Korea’s official Korean Central News Agency said Kim made the comments during an opening speech at a meeting of the Workers’ Party’s cell secretaries on Tuesday. “Improving the people’s living standards … even in the worst-ever situation in which we have to overcome unprecedentedly numerous challenges depends on the ...