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Investors shifting toward lower-risk crypto yields: Block Earner GM
Block Earner, an Australian fintech company, says the fall of Terra Luna in May has led to “positive surprises” for his company, with investors beginning to find their way toward the lower-risk crypto yield products they offer. Speaking to Cointelegraph, the company’s general manager Apurva Chiranewala revealed that the company has seen a surge of investors previously seeking double-digit returns but now wants a “less risky version” of those returns. “Given that the risks have gone up significantly for those returns, those guys have actually started coming in engaging with us because we look like the less riskier version of those double-digit return products.” Before their collapse, crypto lending platforms such as Celsius and Anchor Protocol offered annual percentage yields (APYs) o...
BUA increases price of cement
BUA Cement Plc has increased the ex-factory price of its cement product by N200 per bag. The cement manufacturer, it was reliably gathered, unveiled its new price increase from N2,800 to N3,000 per bag over the weekend. The price increase by BUA is contrary to what he has repeatedly asserted that his company does not have any justification to increase the price of cement as it is currently making enough returns. It would be recalled that BUA Cement, in various statements issued between April 24 and June 18 this year, had refuted any claims of increase in the ex-factory price of its cement products by N300 per bag, stating that, “the company had no plans to increase prices of its cement now or in the near future.” According to a statement issued on April 24, 2021, the company stated that, “...
Senator Lawan: Senate to pass electoral act amendment bill in two weeks
President of the Senate, Ahmad Lawan, says the National Assembly is working towards passing the Electoral Act Amendment Bill in the next two weeks. Lawan said this at the inauguration of Mr Abimbola Yusuf, as Chief Commissioner of the Public Complaints Commission (PCC) and 37 other Commissioners from the 36 states and the Federal Capital Territory (FCT) on Monday in Abuja. He has urged Nigerians who were not comfortable with certain clauses in the ongoing amendment, to take their complaints to their representatives, for consideration before the passage of bill. “The national assembly is embarking on the amendment of the Electoral Act probably by next week or within the next two weeks. “It is very important that those who feel very strongly about any amendment that they think should be effe...
Petrol smuggling: Nigerian government using device to track trucks, smugglers
The Federal Government says it has facilitated the use of a tracking device to track every truck loading petroleum product from any of its depots as part of efforts to nip smuggling in the bud and arrest culprits. Minister of State for Petroleum Resources, Chief Timipre Sylva, said this at a forum organised by the News Agency of Nigeria (NAN) to gauge the achievements recorded in the oil and gas sector in the last two years. Sylva noted that a lot had been achieved in the industry but that the activities of smugglers had continued to overshadow the successes especially as it concerned fuel subsidy and the quantity of petroleum products consumed in the country. “This is one big question that we try to answer ourselves because when we look at the number of load-outs from our depots every day...
Customs arrests six for smuggling adulterated diesel in polythene bags
The Nigeria Customs Service (NCS) on Friday paraded six suspects who smuggled 45,000 litres of adulterated diesel contained in 750 giant polythene bags, which were carefully concealed among sacks of sawdust to deceive security operatives. The seized product has an estimated value of N21,920 million. Also seized were 237 bags of 50kg foreign rice hidden in a petrol tanker. The Controller Enforcement at the Customs headquarters, Kayode Olusemire while parading the smugglers said that the Customs officers on patrol intercepted the smugglers in Suleja, who immediately declared that they were conveying sacks of sawdust from Port Harcourt to Kaduna State. “But the officers perceived unusual odour despite concealing it in sawdust, prompting them to dig further. “That was when they discovered dies...
Georginio Wijnaldum joins PSG on three-year deal
Paris Saint-Germain have announced the signing of Dutch midfielder Georginio Wijnaldum from Liverpool on a three-year contract. The Ligue 1 giants made the announcement in a statement released on their official website on Thursday. “Paris Saint-Germain is delighted to announce the transfer of Georginio Wijnaldum. Arriving from Liverpool, the Netherlands international midfielder has signed with the club from the French capital until 30 June 2024. “Born in Rotterdam, and a product of the Sparta Rotterdam youth academy, he played for two of the biggest clubs in his homeland in Feyenoord (135 matches, 25 goals) and then PSV Eindhoven (154 matches, 56 goals) with whom he won the 2014-15 Eredivisie title. “After a season at Newcastle United, ‘Gini’ joined Liverpool FC in the summer of 2016. The ...
Aston Villa set to break transfer record with Emi Buendia signing
Aston Villa are set to break their transfer record for the third consecutive summer window after agreeing a £30,000,000 initial fee with Norwich City for Emi Buendia. The transfer will include a number of add-ons and a sell-on fee should the Argentina international move on from Villa Park in the future. It is thought that the deal offered by Aston Villa was too good to refuse, with the deal set to potentially rise to £40,000,000 in the future. It marks a huge profit for Norwich City, who signed Buendia for £1,500,000 from Spanish side Getafe. It is thought that Emi Buendia has agreed personal terms today whilst away with the Argentina national team, while also completing his medical. When the transfer is set to be officially announced remains to be seen, but it is a sign of Aston Villa’s c...
CAN: We never approached National Assembly on CAMA
File Photo Christian Association of Nigeria (CAN) has clarified its position on the controversial Companies and Allied Matters Act (CAMA), disclosing that it has not approached the current National Assembly for any amendment on the Act. CAN General Secretary, Joseph Daramola, in a statement explained that the response was to contradict media reports quoting CAN President, Dr. Samson Ayokunle, as accusing the National Assembly of not assisting the Association when CAMA was being amended. Part of statement noted, “we want to make it abundantly clear that CAN President was not referring to the current National Assembly, because CAN never approached the federal lawmakers on the controversial law. “CAMA is not a product of the 9th Assembly but the previous Assembly (8th Assembly). It’s our expe...
ASCAB: Kaduna governor sacked over 60,000 workers in six years
Human rights lawyer, Mr. Femi Falana (SAN), and the Alliance on Surviving COVID-19 and Beyond say Kaduna State Governor, Nasir el-Rufai, has sacked over 60,000 workers since he took office in May 2015. They, therefore, endorsed the five-day strike across Kaduna State which will begin on Monday. ASCAB in a statement on Sunday called on all NLC affiliates and supporters to join the “essential strike” adding that a “firm action is needed to reverse the massive attacks on jobs and poverty induced insecurity in Kaduna State.” Falana said the economy of Kaduna was traditionally built around textile factories and the public sector but in the decade before the administration of el-Rufai, the last four major textile factories were closed with many of the workers not receiving any terminal benefits ...
NBMA reiterates commitment to clamp down on GMOs
The National Biosafety Management Agency, NBMA, Tuesday, reiterated commitment to ensuring the eradication of Genetically Modified Organisms, (GMOs) in the country, as well as assuring Nigerians of safe products in the market. The Director-General of the NBMA, Dr. Rufus Ebegba, made the disclosure while addressing newsmen in Abuja, stating that Nigerians should be aware of the roles of the Agency in the proper regulation of GMOs in the country. He insisted that the NBMA has not been resting on its oars in ensuring that only safe and approved genetically modified seeds and grains for food and feed processing are allowed into the Nigerian market. Hence, he said, the constant upgrading of GM detection, analysis laboratory, and constant inspection of GMO facilities, confined field trial sites,...
Women lament high cost of food items, consumables in Makurdi
Residents, particularly housewives in Makurdi, the Benue state capital, have lamented the increase in prices of food items. A survey conducted by NAN on Tuesday in Makurdi showed that prices of food items have been increasing on a daily basis. Many housewives interviewed by newsmen said that feeding their families has now become very difficult as the prices of essential food items have multiplied in the past few months. Mrs Rose Onazi, a housewife, said that the sharp rise in prices of various goods, especially food and household items, has made nonsense of the amount she receives as a monthly housekeeping allowance from her husband. Onazi said that many of the items she bought a week before had increased either by 50 per cent, 100 per cent or even more. She said that the development had s...
Kebbi: NSCDC sets up committee to investigate ‘extortion’
File Photo The Nigeria Security and Civil Defense Corps (NSCDC) says it has set up a five-man committee to investigate alleged N1 million extortion by its staff in Kebbi State. The State Commandant of the corps, Alhaji Suleman Ibrahim, made this known at a news conference in Birnin Kebbi on Monday. Ibrahim said, “I have read a report online that my officers have been alleged to have extorted money from a client. ”This has never been the tradition of the Nigerian Security and Civil Defense Corps in the state as one of our core values is serving with integrity, honesty and diligence. “I am not a party to such an incident and I am not aware of it, and I doubt if any of my officers will do such an illegal and unlawful act. ”But still, we will take any allegation serious to its logical conclusi...
