Reports
Pep Guardiola confident Kevin de Bruyne will commit future to Manchester City
Pep Guardiola expects Kevin De Bruyne to commit his long-term future to Manchester City despite reports the Belgium midfielder’s contract talks have stalled. De Bruyne’s current contract runs until 2023, but City have already offered him a new deal. That contract extension remains unsigned amid claims De Bruyne was “disappointed” City’s offer did not significantly improve his reported salary of £280,000 ($380,000) per week. De Bruyne, voted the PFA Player of the Year last season, is said to want a deal that reflects his status as one of the world’s best midfielders and vice-captain of the club. Despite those issues, City boss Guardiola remains confident De Bruyne’s future will be at the Etihad Stadium. “I am pretty sure he will stay but at the same time we have to respect the process,” Gua...
Nigeria: 1,375 irregular migrants arrested during border closure
The Federal Government said on Monday that no fewer than 1,375 irregular migrants were arrested while the border drill code-named, ”Exercise Swift Response,” lasted. Newsmen report that the border drill held between Aug. 20, 2019 and Dec. 17, 2020. Speaking at a new year media briefing in Lagos on Monday, the Minister of Information and Culture, Alhaji Lai Mohammed, said the border drill was a huge success. The minister said the seizures so far during the period included 157,511 – 50kg bags of parboiled foreign rice, 10,447 bags of NPK fertiliser used for making explosives and 18,630 jerry cans of vegetable oil. The total monetary value of the seized items, according to him, is about ₦12.362 billion. Newsmen recall that ”Exercise Swift Response” was launched as part of efforts to secure th...
Report: Jack Ma’s Ant Group considers overhaul due to regulatory pressure
Chinese financial technology giant Ant Group plans reorganisation that would allow it to be regulated more like a bank, Bloomberg reports. Jack Ma’s besieged Ant Group Co. is planning to fold its financial operations into a holding company that could be regulated more like a bank, according to people familiar with the situation, potentially crippling the growth of its most-profitable units. The fintech giant is planning to move any unit that would require a financial license into the holding company, pending regulatory approval, said the people, who asked not be named because the matter is private. The plans are still under discussion and subject to change, the people said. Ant declined to comment. The operations that Ant is looking to fold into the holding company include wealth managemen...
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...
Nigeria Defence Academy commandant’s house gutted by fire
The official residence of the Commandant of the Nigeria Defence Academy, NDA, Major General Sarham Jamil, was on Sunday night gutted by fire. Eye witness say it is not certain which part of the official residence, situated near Sultan Bello Mosque in Unguwar Sarki GRA, the fire started from but flames were sighted around 8pm. He said fierce looking soldiers prevented civilians around Unguwar Sarki from gaining entrance to render assistance. Newsmen reports that for decades, the house has been the official residence of the commandants of the military institution. It shares a fence with the prestigious Arewa House and the Guest House of Emir of Katsina in Kaduna and the residence of former Minister of state, Defense, Alhaji Batagarawa. Another witness said the men of the Nigeria Fire Service...
Bandits kill kidnapped Niger village head
The village head of Madaka, Alhaji Zakari Yau, in Niger State who was kidnapped last week has reportedly been murdered by bandits. Yau who was first kidnapped three months ago before being released and again taken into the custody of bandits was reportedly killed on Christmas day. The murder of the traditional ruler brings the number of people killed by bandits in Madaka to four. The bandits during the December 20 raid first killed the local head of the vigilante in the town, Ishyaku Alhassan, his son Abdulhamid Ishyaku and one other person. Reports from freed victims said that the village head was killed after being tortured by bandits who sometimes sat on him while smoking Indian hemp. It was gathered that the monarch was even forced by the bandits to smoke the weeds. The Chief of Staff ...
U.S. agents search Nashville blast site, seeking clues behind Christmas explosion
Police and federal agents were scouring the charred site of a Christmas Day explosion in Nashville on Saturday, trying to determine how and why a motor home blew up and injured three people in the heart of America’s country music capital. The fiery blast, heard from miles away, destroyed several vehicles, damaged more than 40 businesses and left a trail of glass shards around the area. The motor home, parked on a downtown street of Tennessee’s largest city, exploded at dawn on Friday moments after police responding to reports of gunfire noticed the recreational vehicle and heard an automated message emanating from it warning of a bomb. The means of detonation and whether anyone was inside the RV when it blew up were not immediately known, but investigators were examining what they believed...
Coronavirus: FCT taskforce clears Abuja recreational spots of fun-seekers
The FCT Ministerial Task Team on Enforcement of COVID-19 Protocols, on Friday, cleared some recreational parks of fun seekers who trooped there to celebrate Christmas. Newsmen report that some of the parks where fun-seekers were sent out by taskforce included the famous Millennium Park, Jabi Lake, Unity Fountain and Magic Land. Although the gates at the Jabi Lake were closed, some anxious fun-seekers made their way into the park through porous entry points. Upon arrival at the Lake, many of the violators took to their heels for fear of being arrested but the task force had to call them to sensitise them on the need to adhere to safety regulations. Head, Media and Enlightenment of the task force, Mr Ikharo Attah, who addressed the fun seekers, said that the second wave of the COVID-19 pande...
Coronavirus: Nigerian government rolls out measures for UK, South African returnees
The Federal Government has rolled out new containment measures against the importation of COVID-19 particularly from the United Kingdom and South Africa, saying returnees from both countries are required to present two documents before boarding. National Coordinator of the Presidential Taskforce PTF on COVID-19, Dr Sani Aliyu, disclosed this during Thursday’s briefing of the Taskforce. He said; “In particular, international travellers must register with the Nigeria international travel portal. “We are concerned a out the emergence of the new variant of COVID-19 in the UK and an additional mutant in South Africa. Our protocol to ensure the safety of our citizens and prevent the importation of cases into the country is one of the most strict. “Specifically, for the UK and South Africa, the P...
Nigerian government posts 35 firefighters to man new Treasury House substation
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Wednesday commissioned a fire substation built for the Treasury House which houses the Office of the Accountant-General of the Federation. Speaking at the event, the Minister extolled the Accountant-General of the Federation, Mr Idris Ahmed, for building the facility which will help battle fire incidents in the building and its environs. She was also pleased that 35 firemen have been posted to man the facility by the Comptroller-General of the Fire Service. According to her, “the Treasury House is the key driver of the ongoing Public Financial Management Reforms in line with the desire of the Federal Government to bring the nation up to speed with other leading world economies. “In carrying out this enormous task, ...
Yuletide: NSCDC chief orders deployment of personnel to flash points
SIGNAL The Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC), Abdullahi Gana Muhammadu, has ordered the deployment of personnel to all nooks and crannies of the country in order to maintain peace, order and effective security of lives, property before, during and after the yuletide season. This is done against the backdrop of various reports of kidnapping, bandit attacks, assassinations and other forms of criminal activities in recent times. In a statement issued yesterday, DCC Emmanuel Okeh, CDPRO, said Gana reiterated that the determination to make the yuletide season hitch free is upper-most in the scheme of things as lots of Nigerians will be traveling to different parts of the country to celebrate with family and friends hence, the need for citizens’ safety. H...
Nigerian National Assembly spends billions of naira on constitution review
The perennial constitution amendment exercise by the National Assembly is characterised by proposals that keep resurfacing despite gulping billions of naira yearly, an analysis has shown. The federal parliament had from the 5th to the current 9th National Assembly made several attempts to amend some provisions of the 1999 Constitution to no avail. At every session, the parliament officially spends N1 billion shared equally between the Senate and the House of Representatives. There are reports that the lawmakers spend more than what is appropriated for the exercise. While some amendments were successful, several others suffered serial failures but kept appearing in new proposals. Considering the huge spending, lawyers and civil society groups have pointed out that no significant amendments ...