Profit
Senate asked to probe public hearing on medical council bill
The Joint Health Sector Unions (JOHESU), the umbrella body of health workers in the country, has demanded that Senate probe the recent public hearing of the Medical and Dental Council of Nigeria (MDCN) Bill as it accused Chairman of the Senate Committee on Health, Dr. Ibrahim Oloriegbe, of disenfranchising its members. JOHESU Chairman, Comrade Joy Bio Josiah flayed what he called “vindictive and discriminatory” attitude of Dr. Oloriegbe against other medical professional bodies as he gave his constituency, MDC and NMA more time to canvass their views on the contentious bill. “We challenge Oloriegbe and the NMA to produce video and audio evidence contrary to this. The point here is Oloriegbe does not understand the philosophy and basics of running Public Hearings because he pointedly domina...
AC Milan ready to pay €30 million for Real Madrid’s Brahim Diaz
AC Milan are willing to pay as much as €30 million (£26m/$36m) to land Real Madrid forward Brahim Diaz, with the 21-year-old having made a positive impact during his loan spell with the Serie A side. Goal can reveal that Milan bosses are keen to make the loan move permanent and, although they do not have a purchase option, they are keen to discuss a transfer with Madrid. While Brahim has always wanted to succeed at the Bernabeu, Madrid will now weigh up whether to keep him beyond the end of the 2020-21 campaign or sell for what would be a significant amount amid the coronavirus crisis. Following his loan switch to Milan in September 2020, Brahim immediately took to life in Italy and has become an important member of Stefano Pioli’s first-team squad. He has made 25 appearances in all compet...
Archbishop Sam Zuga: CBN lacks power to stop cryptocurrency
Archbishop Sam Zuga has reacted to the Central Bank of Nigeria’s (CBN) new order on Cryptocurrency. The Apex bank had directed Deposit Money Banks (DMBs) and other financial institutions to close accounts of persons who are using their systems for cryptocurrency trading. Reacting to the shocking news, Archbishop Sam Zuga, the CEO of one of Africa’s fastest growing currency, Zugacoin expressed his disappointments at the CBN’s decision, while allaying the fears of Zugacoin investors and intending buyers. According to the Cleric’s message obtained from his social media page, “Cryptocurrency doesn’t need bank account to operate or exist.” He wrote, ”RICH PEOPLE WANT THE POOR TO REMAIN POOR. NOT AGAIN! This is is not news. It has been like this since the beginning of Cryptocurrency. But right n...
Luis Suarez admits he had preliminary agreement in place with Juventus before joining Atletico Madrid
Luis Suarez has told Italian authorities that he had a preliminary agreement in place with Juventus last summer according to Il Corriere dell’Umbria and carried by Football Italia. The Uruguayan striker ended up joining Atletico Madrid instead, but even went through an Italian citizenship exam in an effort to grease the wheels and make the move happen. This exam has become a great controversy. The 33 year-old has admitted that he was informed of the questions of the exam as well as that he reached a preliminary agreement with the Italian club at the end of August. Perugia’s Prosecutor Office confirmed at the beginning of the month the suspension for eight months from the exercise of pubic offices for the Rector of the University Giuliana Grego, the University’s CEO Simone Olivieri and prof...
Mozambique jihadists push masses to Pemba
The population has soared in Pemba, a northern Mozambique port known for its wide bay, but rather than tourists coming for a swim, the newcomers have fled Islamic extremists. In the past few months, boatloads of people with little but the clothes they wear have landed under the palm trees after their homes fell prey to Al-Shabaab gunmen swearing allegiance to the Islamic State group (IS). In October, the violent rebellion entered its fourth year and has reportedly killed more than 2,400 people and displaced half a million, according to the government. Their villages were torched, many men killed and many young women kidnapped. After seizing coastal zones that host natural gas installations, Islamist fighters have begun to push to the inland districts of Cabo Delgado province. The last offi...
Stock market gains N138 billion despite profit taking
The stock market posted positive performance last week despite profit taking by some investors, as it sustained the growth recorded in the previous week. Precisely, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 0.7 per cent to close at 35,137.99, while market capitalisation gained N137.5 billion to print at N18.365 trillion. Apart from the NSE ASI index that appreciated, NSE Insurance, NSE ASeM and NSE Oil/Gas indices also went up by 2.61 per cent, 1.56 per cent, 0.19 per cent and 1.71 per cent respectively. Although the gains recorded in the market in November was expected to propel profit taking, some market analysts are still upbeat that the bulls would remain in control till the end of the year. “With the low yield environment in the fixed income space and investors’ cor...
Ex-President Obasanjo, catfish farmers brainstorm on how to move aquaculture forward
Former President, Chief Olusegun Obasanjo and Catfish farmers in the country on Saturday met to brainstorm and strategize for better productivity in the industry. The farmers, under the aegis of the Catfish Farmers Association of Nigeria (CAFAN) met with the former President, who is a founding member of the body at the boardroom of Olusegun Obasanjo Presidential Library (OOPL) Abeokuta. Obasanjo who expressed satisfaction in returning to the association, after what he described as an interregnum, assured that the industry would be at enviable heights in no distance future if they all worked together as a body. Obasanjo said, “I started poultry farmers association and as a result of its achievements, that was why I began the catfish association too. What put me off, was that I was arrested,...
Coronavirus vaccine breakthrough raises hopes of rapid global rollout
A coronavirus vaccine developed by Britain’s University of Oxford and the pharmaceutical firm AstraZeneca has shown successful results in early trials. If it is approved by regulators, the vaccine appears suitable for a fast rollout around the globe. Early analysis of trials involving 20,000 volunteers in Britain and Brazil show the vaccine is at least 62% effective after two doses. In volunteers given a different dosing regimen — a half dose, followed by a full dose — that figure rose to 90%. The average efficacy of the two dosing methods is 70%. None of those given the vaccine developed severe COVID-19 illness. Andrew Pollard, director of the Oxford Vaccine Group, said the recent successful trials of three different vaccines by Oxford-AstraZeneca, Pfizer-BioNTech and Moderna, represent a...
Norwegian Air furloughs staff, pleads for help to survive in 2021
Norwegian Air’s cash crisis could force the debt-laden budget airline to halt operations early next year, the company warned as it issued another plea for rescue funding after reporting quarterly results on Tuesday. The rapid expansion of the pioneer in low-fare transatlantic flights has left it with heavy debts and problems that have been compounded by the COVID-19 pandemic. It is now serving domestic routes only, with just six of its 140 aircraft flying. “Norwegian is dependent on additional working capital in order to continue operating through the first quarter of 2021 and beyond,” the carrier said. The company held cash and cash equivalents of 3.4 billion kroner ($380m) at the end of September, down from 4.98 billion kroner ($550m) three months earlier. Its latest plea comes after Nor...
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