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NNPC declares N13.43 billion trading surplus for November 2020

The Nigerian National Petroleum Corporation, NNPC, has declared a trading surplus of N13.43billion for November 2020, 54 per cent more than the N8.71billion recorded in October 2020. This is contained in the November 2020 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru Obateru said the trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue in the period under review. The report indicated that in November, NNPC Group’s operating revenue as compared to October 2020, decreased slightly by 0.02 per cent or N0.09billion to stand at N423.08 billion. Similarly, expenditure for the month decreased by 1...

Ex-APC chairman speaks on ‘crisis’ in Ebonyi chapter

A chieftain of the All Progressives Congress (APC) in Ebonyi State, Eze Nwachukwu, has refuted media report about leadership crisis in the state chapter of the party. Mr Nwachukwu, who is the commissioner for Inter-Governmental Affairs in the state, is the immediate past chairman of APC in the state. “It has become expedient that I react to the publication alleging leadership crisis in our great party over the appointment of Okoro-Emegha as chairman, Caretaker Committee of APC in Ebonyi. “I am the immediate past chairman of APC and the emergence of Okoro-Emegha as the current chairman, caretaker committee is a welcome development and it followed laid down legal and constitutional provisions of our party,” Mr Nwachukwu said on Saturday at a press briefing in Abakaliki. Continuing, the forme...

President Buhari hailed for sacking service chiefs

An environmental activist, Chief Sheriff Mulade, has commended President Muhammadu Buhari for relieving service chiefs of their positions and appointing their replacements, saying the development showed that the president has a listening ear given the growing agitation from Nigerians for a change of guard in the nation’s security architecture. This was as he called for the urgent restructuring of the country following what he referred to as “the mismanagement of the nation’s resources, as well as the endless marginalization of the South-South region of the country.” The peace advocate, while reacting to the president’s action, at a media conference in Abuja, expressed optimism that the action would bring improvement in security management in the country. Mulade, who is the National Coordin...

Ugandan government withdraws troops from Bobi Wine’s house

Ugandan soldiers stood down their positions around the residence of opposition leader Bobi Wine on Tuesday, a day after a court-ordered an end to the confinement of the presidential runner-up. Wine, a popstar-turned-MP whose real name is Robert Kyagulanyi, had been under de-facto house arrest at his home outside the capital Kampala since he returned from voting in January 14’s election. For 11 days heavily armed soldiers and police officers surrounding the property had prevented members of Wine’s household, including his wife Barbie, from leaving their compound, as well as denying access to visitors. But security forces withdrew from around Wine’s house on Tuesday, allowing the opposition leader to convene with newly-elected MPs from his National Unity Platform (NUP) for the first time sin...

Edo governor, PDP leaders fighting over sharing formula for positions – APC

Chairman of the Caretaker Committee of the All Progressives Congress, (APC), in Edo State, Col. David Imuse (Rtd) said Governor Godwin Obaseki-led government is unexplainably slow because of hidden conflict. Imuse alleged that at a time when the number of persons who test positive for the Coronavirus (Covid-19) is on the increase, Obaseki and the ruling Peoples Democratic Party (PDP), are busy fighting themselves. Imuse’s position was contained in a statement by the Assistant Publicity Secretary of the party, Victor Ofure Osehobo. He added that the alleged infighting is a confirmation that Obaseki has no plans for the state. According to the statement, the infighting over positions and booties of victory has already thrown the state into confusion, as the wheel of governance has since stoo...

Niger governor: Incompetent leaders took over from military in 1999

Governor Abubakar Bello of Niger state has attributed the failures recorded in governance since the coming of democracy in 1999 to incompetent leaders who took over leadership of the country from military. The Governor spoke just as former Speaker of the House of Representatives, Yakubu Dogara, blamed the nation’s educational system for the failure being recorded in leadership in the country, saying the system was not designed to produce leaders. Both men spoke at a youth summit organized by a member of the House of Representatives and Chairman Board of Trustees of Lead Generation Initiative (LGI), Shina Peller, in Abuja. The Niger governor said the that when the military decided to hand over power to civilians, a lot of competent people never believed in the process and therefore stood ba...

Alex Iwobi wants to win trophies with Everton

Super Eagles striker Alex Iwobi says his aim is to continue developing at Everton and hopefully help the club win some trophies. Iwobi has been enjoying good run of game under Everton boss Carlo Ancelotti after overcoming the muscle injury that sidelined him earlier in the season. The former Arsenal midfielder’s versatility has been blessing to the Toffees as he has played in three different positions, including the right wing back. Iwobi told Everton’s website that he’s be involved in recent matches, but want to keep improving with the team. “I want to win trophies with Everton and be heavily involved in that achievement,” says Iwobi. “We are very ambitious and trying to make this a special season and it is exciting when you add talent to the team.” Iwobi is one of the players tipped to l...

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021

ABS-CBN The World Bank says global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It said this in a statement issued in Washington D.C. on Tuesday at the presentation of the January 2021 Global Economic Prospects. It added that the said recovery would likely be subdued unless policy makers moved decisively to tame the pandemic and implement investment-enhancing reforms. The bank also said that growth in Sub-Saharan Africa was forecast to rebound moderately to 2.7 per cent in 2021, while Nigeria’s growth was expected to resume at 1.1 per cent. For the region, it said that while the recovery in private consumption and investment was forecast to be slower than previously envisioned, export growth was expe...

Vice Chancellor blames cultism in schools on idleness among students

Prof. Chinedum Nwajiuba, the Vice Chancellor, Alex-Ekwueme Federal University, Ndufu Alike Ikwo (FUNAI), Ebonyi, has said that idleness among students leads them into cultism. Nwajiuba said this in an interview with newsmen in his office on Monday. He spoke on preparations for the institution’s fifth convocation and his impending disengagement from office after completing his five-year tenure. He said that the institution had no record of cultism because the students “are too serious” to engage in such an act. “Our students do not have to be dancing inside bushes at night because they begin academic activities from the first week of a every new semester. “We duly concluded the first semester of the 2019 academic session, re-opened on Oct. 2019 and our lecturers were already in classes upon...

Lagos governor inaugurates new LG service commission members

Lagos State Governor, Mr. Babajide Sanwo-Olu has charged chairman and members of the Local Government Service Commission to ensure that councils in Lagos have what it takes to provide satisfactory and effective public service at the grassroots level. He also charged them to see to a revamped local government service dedicated to accountability, efficient service delivery, grassroots transformation and rural socio-economic development. Speaking at the swearing in of the newly appointed Chairman and members of the Lagos State Local Government Service Commission, held at Lagos House, Ikeja on Monday, Sanwo-Olu said his administration is committed to ensuring that the electorate feel government’s impact in all the 20 local government councils and 37 Local Council Development Areas (LCDA) in th...