Power
Commodities trading: SEC issues new rules on warehousing, collateral management
File Photo In a bid to ensure a vibrant commodities trading ecosystem, which would in turn boost foreign exchange earnings for the country, the Securities and Exchange Commission (SEC) has released new rules covering warehousing and collateral management, among others. According to the rules, every warehouse that stores commodities to be traded on a registered exchange shall apply to be registered by the SEC, while the commission shall maintain a register of all registered warehouses to be published on its website. The new rules also provide that any warehouse applying for registration shall submit proof of ownership or registered-lease deed or rent agreement, alongside a disclaimer from the owner of the warehouse/property providing waiver of ownership regarding commodities stored in such ...
More than 90 killed in Myanmar in one of bloodiest days of protests
Security forces killed more than 90 people across Myanmar on Saturday in one of the bloodiest days of protests since a military coup last month, news reports and witnesses said. The lethal crackdown came on Armed Forces Day. Senior General Min Aung Hlaing, the junta leader, said during a parade in the capital Naypyitaw to mark the event that the military would protect the people and strive for democracy. State television had said on Friday that protesters risked being shot “in the head and back”. Despite this, demonstrators against the Feb. 1 coup came out on the streets of Yangon, Mandalay and other towns. The Myanmar Now news portal said 91 people were killed across the country by security forces. A boy reported by local media to be as young as five was among at least 29 people killed in...
Arsenal legend Thierry Henry to quit social media
Arsenal legend Thierry Henry has vowed to remove himself from all social media from tomorrow until platforms such as Twitter, Facebook and Instagram take more serious action against racism and other abuses. Henry suggested that, as things stand, the companies are quicker to take action against copyright infringements than they are to the toxic behaviour poisoning the platforms. In a statement posted online, Henry said: “From tomorrow morning I will be removing myself from social media until the people in power are able to regulate their platforms with the same vigour and ferocity that they currently do when you infringe copyright. “The sheer volume of racism, bullying and resulting mental torture to individuals is too toxic to ignore. “There HAS to be some accountability. It is far too eas...
Abia: Senator Kalu scores successors very low, wants Aba declared a disaster area
Sen. Orji Kalu, the Chief Whip of the Senate, has advocated for declaration of Aba, the economic hub of Abia State, a disaster area so that the Federal Government can take extra-ordinary measures to fix the town. Kalu, who was governor of Abia state from 1999 to 2007 said this on Thursday when he hosted some clergymen in the state to a breakfast meeting in Aba, according to a statement from his office. The meeting was in furtherance of the campaign for his younger brother, Mascot, who is All Progressive Congress, APC’s candidate for Saturday’s bye-election for Aba North/Aba South Federal Constituency. Kalu scored successive administrations after his very low in terms of infrastructure development in Aba. He said, “I am disappointed that since I left office in 2007, nothing tangible has bee...
Nigerian government mulls TCN’s unbundling, partial concession to boost power supply
The federal government is considering the unbundling and partial concession of the Transmission Company of Nigeria (TCN) to boost its efficiency in the government’s bid to improve power supply. Director, Energy, Bureau of Public Enterprises (BPE), Mr. Yunana Malo, said during the March edition of “the Electricity Hub” conversation series on power that the National Council on Privatisation (NCP) had directed that a proper strategy should be mapped out for the unbundling of TCN. He stated that the government believed that all the players in the energy value chain should be able to align with the needs of the power sector seamlessly, adding that the right environment is being created for the transmission component to match generation and distribution. Malo said data was key to making decision...
Speaker Gbajabiamila: Nigerians deserve a Police Force they can trust
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila, has said a trusted Police Force working within the limits of the law is what Nigerians deserve. He assured Nigerians that the 9th House under his leadership would bequeath such a Police Force to them, and is working assiduously to achieve the goal. Gbajabiamila, who spoke at the National Assembly on Thursday during the opening of a public hearing on two bills by the House Committee on Police Affairs, said the House would meet these expectations as one of the key items on its Legislative Agenda. The bills are: “A Bill for an Act to Repeal the Police Service Commission Act and Enact the Police Service Commission Bill, 2020, to strengthen the Commission to be more Functional in its Operations and for Related Matters,” and: “...
Benue governor: Do not politicize attempt on my life
Governor Samuel Ortom Monday cautioned against anyone politicizing last Saturday’s attempt on his life by gunmen at Tyo-Mu community in the outskirts of Makurdi town along Makurdi-Gboko road. He stressed that the level of insecurity in the country was a clear indication that Nigeria was sitting on a gun powder and everyone must be conscious to avert an implosion. The Governor who spoke at the end of an emergency State Security Council meeting held in Makurdi, appealed to Benue people to be calm and await the outcome of the investigation being carried out by the Police as directed by the Inspector General of Police, IGP. The Governor who said he was still in shock, lauded the Presidency, the Inspector -General of Police, IGP, as well as the array of groups including Nigeria Govenors’ Forum,...
Polls open in Congo as main opposition party boycotts election
Polls have opened in the Republic of Congo’s presidential election that is boycotted by the main opposition party and attacked by critics as tilted toward veteran leader Denis Sassou Nguesso. Voting centres opened at 07:00 (06:00 GMT) and will close at 17:00 (16:00 GMT). More than 2.5 million voters have registered to take part in the election which Nguesso, 77, is widely expected to win against six contenders. The list of contenders is led by economist and 2016 presidential runner-up Guy-Brice Parfait Kolelas, who was hospitalised on Saturday. Kolelas’ campaign did not say what illness had struck the 60-year-old but a family member told the Associated Press he had been diagnosed with coronavirus. Nguesso, a former paratrooper, first rose to power in 1979 and has since accumulated 36 years...
Malabu scandal: Italian court acquits Eni, Shell of corruption
Getty Images An Italian court has acquitted Shell and Eni of corruption charges in the $1.1 billion OPL 245 deal in Nigeria. Marco Tremolada, the judge, delivered the decision on Wednesday. Italian prosecutors had alleged corruption in the deal while campaigners said the Nigerian government was short-changed. After years of trial, the court in Milan has now determined that Shell and Eni are not guilty of the the charges. Get more stories like this on Twitter 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.
2023: PDP panel throws presidential tickets open
File Photo Amidst thinking from many stakeholders that North-East and South-East geo-political zones that have had the shortest stints at the Presidency, should be given special consideration, the Peoples Democratic Party (PDP) panel has thrown open the 2023 presidential ticket. The governor of Bauchi state and Chairman, PDP 2019 election review committee, Bala Mohammed, gave this recommendation on Wednesday while submitting the report of the committee to the party leadership. The Governor said: “In line with certain unwritten conventions of the nation’s history, many people think that, for fairness and equity, the North East and South East geo-political zones that have had the shortest stints at the Presidency, should be given special consideration, in choosing the presidential flagbearer...
NIRSAL partners NASENI to create 110,000 jobs in agric sector
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has entered into partnership with the National Agency for Science and Engineering Infrastructure (NASENI) with a view to creating over 110,000 jobs in the nation’s agricultural value chain. NIRSAL said in a statement in Abuja Friday that the move is in “continuation of its mandate of providing end-to-end solutions aimed at fixing breakages along the Agricultural Value Chains (AVC) in Nigeria”. According to the statement, NIRSAL has engaged NASENI as its technical collaborative partner for the conceptualization, design, development, deployment, implementation and execution of various schemes/projects under the NIRSAL-NASENI Comprehensive Tractor Recovery Scheme, the NIRSAL Climate-Smart Modular Geo-Coopera...
Tanzanian envoy denies President Magufuli in bad health
Tanzania’s President John Magufuli is in good health and working normally, one of his diplomats has told a broadcaster in Namibia, countering reports he had been flown to hospital in Kenya and then India in a critical condition with COVID-19. Magufuli, 61, who is Africa’s most prominent coronavirus sceptic, has not been seen in public since Feb. 27. Tanzanian opposition leader Tundu Lissu has cited medical and security sources for information that the president was flown to the private Nairobi Hospital in neighbouring Kenya and then on to India in a coma. But the Namibian Broadcasting Corporation quoted Tanzania’s ambassador in Windhoek, Modestus Kipilimba, as saying Magufuli was in good health and remained in Tanzania. “High Commissioner Kipilimba dismissed the reports, saying Magufuli is...