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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...
NNPC seeks $1 billion funding to revive PHC refinery
The Nigerian National Petroleum Corporation, NNPC, is currently shopping for $1 billion to revamp Nigeria’s biggest refinery located in Port Harcourt, Rivers State. To realise its plans, the nation’s oil company is already in high-level discussion to raise the money via a prepayment deal with trading firms. If the financing is successful, the long overdue rehabilitation of the refinery should reduce Nigeria’s hefty fuel import bill. It would also mark Nigeria’s second oil-backed financing since the COVID-19 pandemic that has added to the difficulty of finding investors as fuel demand is sapped by lockdowns and renewable energy is gaining ground over fossil fuels. The money would be repaid over seven years through deliveries of Nigerian crude and products from the refinery once the refurbis...
Nigerian government borrows over N2 trillion from bond investors in 2020
Leveraging on excess liquidity that persisted in the banking system and the near zero yields on treasury bills (TBs), the Federal Government, through the Debt Management Office (DMO), raised N2.1 trillion from investors in its monthly bond issuance programme in 2020. This represents 33 percent, year-on-year, (y/y) increase when compared with the N1.58 trillion raised by the DMO in 2019. The N2.1 trillion raised in 2020 also represents 31 percent more than the N1.6 trillion funding target for the DMO under the Revised 2020 Budget. Meanwhile, the monthly bond auctions conducted by the DMO in 2020 recorded 275 percent oversubscription, reflecting scramble for the high yielding FGN bonds by investors. Newsmen report on monthly bond auction results show that the DMO offered N1.825 trillion wort...
FIFA lodges fresh criminal complaints against Sepp Blatter
Getty Images FIFA has lodged a criminal complaint against former president Joseph “Sepp” Blatter over the finances of a museum in Zurich, Switzerland bringing the name of the ex-President into the fray. The football world governing body lodged the complaint on Tuesday. The involvement of Bladder and other former officials in the FIFA museum project is the crux of the latest allegation of financial impropriety against the 84-year-old, who resigned from his post as president in 2015 amid a corruption scandal. The Swiss have always denied any wrongdoing. However, football’s world governing body allege that Blatter’s administration cost them £420m in renovation costs for “a building that the organisation doesn’t own”, while also “locking itself into a long-term rental agreement on unfavourable...
Roy Hodgson ‘really pleased’ as Crystal Palace hit 5 goals in West Brom rout
Wilfred Zaha was outstanding for Crystal Palace as they took advantage of the controversial dismissal of Matheus Pereira to claim their first points in three games with a rout at West Brom. Zaha had missed Palace’s previous two matches – both of which ended in defeat – after testing positive for Covid-19 but quickly found his feet again at The Hawthorns with a typically lively attacking display that included two goals and an assist. It was from his low cross that Darnell Furlong diverted the ball into his own net to give the visitors the lead and his whipped finish into the far corner that restored the advantage after Conor Gallagher’s low, driven equaliser. Between these two Zaha contributions, though, came the incident that completely altered the complexion of the game – Pereira’s red ca...
UNFPA set to inaugurate two youth-friendly centres
Wikipedia The United Nations Population Fund (UNFPA) says it will inaugurate additional two youth-friendly centres in Lagos State to enhance sexual and reproductive health information and services for youths. Its Head in Lagos Liaison Office, Dr Omolaso Omosehin, also the Assistant Reps, UNFPA, made this known in Lagos. Omosehin said that the youth-friendly centres, which fall under the “Hello Lagos Project”, would be opened before December in Yaba and Ikorodu areas of Lagos State. Hello Lagos Project, an Adolescent/Youth Sexual Reproductive Health Unit of the Lagos State Ministry of Health, was initiated in 2002, funded and supported by UNFPA. The centre aims at bridging the gap by providing a “safe, accessible and confidential centre for young people” in the state for health and personal...
CAFCC: Rivers United fall to 2-1 defeat vs Futuro Kings
Rivers United lost 2-1 to Futuro Kings of Equatorial Guinea in their CAF Confederation Cup preliminary round first leg tie at the Estadio de Mongomo on Saturday afternoon. Nkama Gregoire put the hosts ahead late in the first half, nodding home from close range. Futuro Kings doubled their advantage in the 68th minute. Godwin Aguda reduced the deficit when he converted from the spot 13 minutes from time. Rivers United fought hard to equalise in the closing stages of the game, but were unable to find a way past the home team’s defence. The reverse fixture will hold next week Sunday at the Yakubu Gowon Stadium, Port Harcourt. 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 givin...
Diabetes: Novo Nordisk to offer free insulin to children in Nigeria, Ghana
Novo Nordisk, a multinational pharmaceutical company, on Saturday announced the introduction of a programme to supply free insulin to children living with Diabetes Mellitus (DM) in Nigeria and Ghana from 2021. The post Diabetes: Novo Nordisk to offer free insulin to children in Nigeria, Ghana 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.
IPMAN directs members to sell petrol at N170 per liter
The Independent Petroleum Marketers Association of Nigeria, Kano branch has directed its members across the state to sell Premium Motor Spirit (petrol) from N168 to N170 per litre. The post IPMAN directs members to sell petrol at N170 per liter 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.
BMW launches new flagship iX electric SUV with 300 miles of range
BMW unveiled its next electric vehicle, the iX SUV, with 300 miles of range and gorgeous minimal interior. The iX is BMW’s technological flagship, meaning it incorporates multiple technologies that will be featured in the German automaker’s upcoming vehicles, mainly electric powertrain and driver interface. The BMW iX will be the first vehicle to feature the automaker’s fifth-generation scalable EV technology, which means it can be adjusted to accommodate vehicles of different sizes and utility. The BMW iX will go into production at the company’s Dingolfing factory, located in Southern Bavaria, Germany, in the second half of 2021 and is scheduled to arrive on US shores in early 2022. BMW didn’t reveal the size of the iX’s battery but says it will be capable of adding 75 miles for every 10 ...
