Stakeholders
Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy
B. Riley suggested the embattled miner’s issues were “self-imposed” and outlined a path for it to avoid bankruptcy. Financial services platform B. Riley has offered Bitcoin (BTC) miner Core Scientific $72 million in financing to avoid bankruptcy and preserve value for Core Scientific stakeholders. B. Riley, a top lender to Core Scientific with $42 million in loans currently outstanding, outlined the terms of the financing agreement in a Dec. 14 letter noting it’s prepared to fund the first $40 million “immediately, with zero contingencies.” The finance platform suggested the remaining $32 million would be conditional on the BTC miner suspending all payments to equipment lenders while Bitcoin prices are below $18,500. The last time the price of Bitcoin was above $18,500 was on Nov. 9,...
Bayelsa government resolves crisis at Niger Delta University
The mediatory meeting covered Wednesday at the instance of the Bayelsa State Government between the Governing Council of the Niger Delta University, NDU, students’ representatives and other stakeholders has restored normalcy to the state-owned university. Students of the university had been protesting against the closure of the institution’s portal for payment of school fees and alleged enforcement of compulsory wearing of school uniform by the university authorities. But rising from the last round of meetings directed by Governor Douye Diri which were presided over by his deputy, Senator Lawrence Ewhrudjakpo, at the Government House, Yenagoa, it was agreed that the portal for the payment of school fees be reopened. A statement issued by the Senior Special Assistant on Media, Mr Doubara At...
Nigerians urged to reject PIB for failing to address key issues
Socially relevant and need-meeting organisations in partnership with civil society movements have called on Nigerians to massively reject the long-expected PIB as it has failed to address fundamental issues. Rather the organisations said that the outcome of PIB was mischievous and would compound the problems of the communities, just as it would create another avenue to make the rich even richer while the suffering communities continue to languish in difficulty and poverty. The coalition group said the PIB “failed to properly address the lingering issues of the oil and gas host communities” submitting that the recent position on critical issues is a far cry from the yearnings of oil and gas host communities. “The current version of the Petroleum Industry Bill failed to address community, ec...
Nigerian asks resident doctors, health workers to withdraw strike notices
The Federal Government has directed the National Association of Resident Doctors and the Joint Health Sector Unions to withdraw their strike notices immediately. The Minister of Labour and Employment, Chris Ngige, said this at a news conference in Abuja on Friday. Ngige was addressing newsmen at the end of a meeting with the Presidential Committee on Salaries, relevant Federal Government stakeholders and health sector professional associations and trade unions. He said that the Federal Government was recently issued notice of trade disputes by NARD and JOHESU. “I told them to withdraw because it is arm-twisting. It is not allowed in International Labour Organisation Collective Bargaining Agreement negotiation. So, we expect them to withdraw those notices they gave. “JOHESU gave 15-day ulti...
Anambra election: APGA in marathon race to beat INEC deadline
The deadline given by the Independent National Electoral Commission (INEC) for all registered political parties interested in participating in the November 2021 Anambra State governorship election elapses in less than 24 hours. The development, newsmen has gathered, has heightened last minute scheming and jostling within the ranks of the Jude Okeke-led leadership of the All Progressives Grand Alliance (APGA) and its candidate in the election, Chuma Umeoji. Recall that according to the election timetable released by INEC, political parties are required to submit the personal particulars and names/list of nominated candidates between July 2 and July 9, 2021. With the development, APGA leadership and Umeoji, who is a current member of the House of Representatives has come under intense pressu...
INEC promises to train Malawian electoral body on delineation, creation of polling units
The Independent National Electoral Commission (INEC) has promised to teach its Malawian electoral commission counterpart the tricks it used in the delineation of constituencies and creation of polling units. Speaking when his Malawian counterpart, Justice Chifundo Kachale, led a delegation on a courtesy visit on him in Abuja on Thursday, National Chairman of INEC, Prof Mahmood Yakubu, said he understand that the Southern African country is also faced similar challenges Nigeria had previously. He announced to the delegation that the Commission is currently undergoing a historic voter registration exercise, emphasizing: “We are also doing the voter pre-registration online, which will now be completed physically in person at designated centres nationwide. So you are coming at the right time. ...
Anambra election: Group hails APC panel for confirming Senator Andy Uba as party’s guber candidate
A group, under the umbrella of All Progressive Congress (APC), Concerned House of Assembly 2019 Candidates, has hailed Governor Inuwa Yahaya, of Gombe State, led Anambra APC Primary Election Committee, for confirming Senator Andy Uba, as the standard-bearer of the party, for the November 6th, 2021 Anambra governorship election. Tribune Online gathered that the National Working Committee (NWC) of the party, shortly after the June 26, 2021, APC Primary election, held across the 21 local governments of Anambra State, set up a reconciliatory committee, headed by Governor, Inuwa Yahaya, to address other 11 aspirants that called for the cancellation of the process, including the Minister for Labour and Productivity, Dr Chris Ngige. The group, in a statement, signed and made available to Newsmen ...
NNPC commits to ensuring energy sufficiency, wealth creation for Nigerians
The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to ensuring effective stewardship of the nation’s hydrocarbon resources to guarantee energy security and drive wealth creation in Nigeria. The Group Managing Director of NNPC, Mallam Mele Kyari, made this assertion while delivering the keynote address at the 2021 Nigeria Oil and Gas Conference and Exhibition (NOG 2021) on Tuesday in Abuja. Speaking on the topic: “Vision and Priorities for Nigeria’s Energy Transformation,” Mallam Kyari stated that for a nation with a teeming youth and a developing economy, Nigeria needed the right policies to unlock its huge economic potential, stressing that NNPC was working towards bridging the energy gap to multiply wealth for its varied stakeholders. “We see a nation that m...
Nigerian government set to tackle oil, gas infrastructure vandalism with skills acquisition
The Federal Government has expressed plans to create a reorientation programme aimed at engaging the youth in skills acquisition to address oil and gas infrastructure vandalism. The Minister of Niger Delta Affairs, Sen. Godswill Akpabio, stated this at a Town Hall Meeting on “Protecting Oil and Gas Infrastructure” on Monday in Abuja. Newsmen report that the town hall meeting was organised by the Federal Ministry of Information and Culture. Akpabio said that the programme would be targeted at the pupils and students of primary and secondary school across the nine states in Niger Delta. He explained that the Federal Government was currently meeting with stakeholders, traditional rulers, youth groups and all others from one state to the other. “We are setting up skills acquisition centres, we...
APC states to implement Security Trust Fund to address insecurity
In a bid to fight the increasing wave of insecurity in the country, All Progressives Congress (APC) controlled states are to strengthen the legal framework for the implementation of the Security Trust Fund (STF) by member States. This decision was reached at the 12th Quarterly meeting of Secretaries to Government of APC states in conjunction with the Progressive Governors Forum (PGF) in Lafia, Nasarawa State capital. The communique, jointly signed by the Nasarawa State Secretary to Government, Barr. Muhammad Ubandoma Aliyu and the Director-General of PGF, Salihu Moh. Lukman, issued at the end of the meeting and released to newsmen in Abuja on Saturday stated that States Chief scribes will continue to mobilize resources for the management of security challenges in the APC-controlled states....
FRSC seeks partnership with EEDC to enhance operations in Enugu
The Federal Road Safety Corps (FRSC) says it will partner the Enugu Electricity Distribution Company (EEDC) to enhance its operational capabilities within Enugu State. The FRSC Sector Commander in Enugu State, Mr Joseph Udoabba, said this when he paid a courtesy visit to the management of EEDC at its corporate headquarters in Enugu on Thursday. Udoabba said that the visit was essentially to “further fortify and cement the already existing cordial relationship’’ between the Command and EEDC. “I hope we will continue on that cordial note,’’ he said. He also commended the efforts of EEDC in ensuring effective electricity distribution in the state as well as entire South-East states. “FRSC is soliciting for support in the area of power supply to its Command headquarters, unit and licensing off...
Juul to pay US state $40 million for targeting teens with e-cigarettes
Electronic cigarette giant Juul Labs Inc will pay $40m to North Carolina and take more action to prevent underage use and sales, according to a landmark United States legal settlement announced on Monday after years of accusations that the company had fueled an explosion in teen vaping. A state judge accepted the first-of-its-kind agreement with a US state. North Carolina Attorney General Josh Stein had sued Juul, accusing it of employing unfair and deceptive marketing practices that targeted young people to use its vaping products, which deliver addictive nicotine. As part of the agreement, Juul will not advertise to anyone under 21 in North Carolina and will limit sales amounts of Juul products online to any state residents. It will also sell its products only behind counters at retailer...
