Skip to main content

Posts

Showing posts from May, 2016

Lagos signs N844billion on 4th Mainland Bridge. 38km bridge to be completed in 3yrs without federal funding - Ambode

In what is set to become a major milestone achievement in its 50 years of existence, the Lagos State Government on Wednesday signed a Memorandum of Understanding (MoU) to kick-start the construction of the 38km 4th Mainland Bridge, expected to bring a 14-year old dream to reality. The Bridge, which is geared towards economic growth in the State, is expected to gulp N844billion in a Public Private Partnership (PPP) initiative and would be delivered in three years.


Speaking at the signing of the MoU held at the Banquet Hall, Lagos House, Ikeja, State Governor, Mr. Akinwunmi Ambode, said that the need for the bridge had become imperative following the phenomenal growth of the State with a population of over 21 million people, which has in turn increased commercial activities and traffic gridlock.
“This has made it imperative for us to have a 4th Mainland Bridge that will serve as an alternative route to the Eastern axis and decongest traffic in the State.
“More importantly this bridge will …

NNPC, Shell, Total, Mobil, others fleeced Nigeria of $4.4bn — NEITI

ABUJA — The Nigerian Extractive Industries Transparency Initiative (NEITI), yesterday, accused the Nigerian National Petroleum Corporation, NNPC, and other oil and gas companies of shortchanging the country and failing to remit $4.4 billion and N358.3 billion to the Federation Account in 2013. This comes as Lagos-based indigenous chartered accounting firm, SIAO Partners, had been contracted by NEITI to carry out the 2014 audit, even as it is in the process of procuring auditors for its 2015 audit.

Nigerian Extractive Industries Transparency Initiative (NEITI), yesterday, accused the Nigerian National Petroleum Corporation, NNPC, and other oil and gas companies of shortchanging the country and failing to remit $4.4 billion and N358.3 billion to the Federation Account in 2013. This comes as Lagos-based indigenous chartered accounting firm, SIAO Partners, had been contracted by NEITI to carry out the 2014 audit, even as it is in the process of procuring auditors for its 2015 audit. NNPC T…

Jose Mourinho's property transported out of his home to Manchester as he prepares for Man U job (photos)

Just hours before official confirmation that Louis Van Gaal was sacked by Man utd, storage boxes containing Jose Mourinho's belongings were transported out of his London home and he was surrounded by journalists as he left his London home to get a new house in Manchester ahead of official confirmation this week that he will become the new manager of the World's most popular football club. More photos after the cut.

Foundation pledges $80m towards bridging gender data gaps

The Bill and Melinda Gates Foundation has announced a commitment of $80 million (about N15.8billion) towards accelerating progress of women and girls in order to close widening gender data gaps.
In a statement, made available to the News Agency of Nigeria (NAN) on Saturday in Lagos, the foundation said that the funding would run for the next three years, to help accelerate the progress for women and girls around the world.
The statement quoted Melinda Gates, co-chair of the foundation as announcing the commitment at the “Women Deliver Conference’’ held on May 17 in Copenhagen, Denmark.
Gates was quoted as saying that the foundation was making the commitment because it believed that a reliable gender data was important for accelerating development outcomes.
“Data holds power and demonstrates the size and nature of social or economic problems, and brings clarity around who is falling through the cracks.
“Through reliable data, women and girls’ lives can become visible and counted, helping to…

VIDEO:Chimamanda Ngozi Adichie receives Medal of Distinction from Barnard College, NYC

Second Chibok girl found as Nigerian president meets first rescued student

Amina Ali with her young baby was rescued by Nigerian authorities on May 18, 2016 after being one of 219 girls abducted by Boko Haram gunmen in 2014 (AFP Photo/)More Abuja (AFP) - A second Chibok schoolgirl has been rescued, Nigeria's army said Thursday, after President Muhammadu Buhari met the first student to be found and voiced fresh hope for the recovery of the more than 200 others still being held. Army spokesman Colonel Sani Usman said the student was found by troops and civilian vigilantes at about 11:00 am (1000 GMT) on Thursday in the Damboa area of Borno state, northeast Nigeria, during military operations. "Her name is Miss Serah Luka," he added in a statement, saying she was believed to be a Christian pastor's daughter and originally from Madagali, in neighbouring Adamawa state. A photograph released by the military showed a young woman in a long, dark blue hijab common in the region and seen on abducted girls in previous videos from the Boko Haram Islamist m…

Nigerian firm, Arnergy pioneer African-designed Pay-As-You go solar rental system

Two award winning young Nigerian innovators, Femi Adeyemo, and Kunle Odebunmi, have broken fresh frontiers in the renewable energy sector through state of the art innovations that will enable more than 600million Nigerians and Africans that currently live and run businesses in off-grid and weak grid areas rent uninterrupted electricity and pay only for the energy consumed daily or monthly.

The revolutionary Pay-As-You Go reliable Solar Power System technology allow customers to buy recharge pin using RANA™ (Arnergy's Mobile Electricity app) or via an agent in several rural communities without mobile network, RANA™ synchronizes with Arnergy's cloud based server infrastructure to unlock the Solar Power System and supply electricity whenever the 12 digit pin is keyed into the solar kit. 

Several Micro, Small and Medium Enterprises that have closed shop due to epileptic power supply and those contemplating to close down or struggling due to the recent hike in fuel pump price now hav…

TVC Presenter, Wale Fakile arrested for allegedly assaulting his girlfriend (Photos)

Wale Fakile, a presenter and producer with TV Continental (TVC) has reportedly been arrested for assaulting his girlfriend. Wale 'Richboy' Fakile allegedly beat her so much he left bruises on her.
Activist/Co-ordinator of Walk against Rape campaign, Esther Ijewere-Kalejaiye shared the message and pictures which she received from the girl who was seeking for justice. The message read,
"Dnt publish my name pls, am pass Mandy, my supposed boyfriend that works with TVC beat me yesterday to stupor with bruises all over and he said there is nothing I can do about it bcos he is rich and works with TVC and am poor." After receiving the message, the case was reported to the Ministry of women affairs and Management of TV Continental. Wale Fakile has since been arrested according Esther

Fuel price hike: NLC faction, CSOs berated over failed protests

The Coalition of Civil Society Against Corrupt Persons in Nigeria has berated the Comrade Ayuba Wabba-led faction of the Nigerian Labour Congress, NLC and its Civil Society Organisations allies over what it described as failed protests against the increase in the price of petrol, saying it shows they are out of tune with the thinking and yearnings of Nigerians. A statement by the coalition’s National President, Linus Ejilogo, on Friday, said the days when labour leaders ride on popular demands to blackmail and extort the government for personal interests are over. The statement accused Labour and its CSO allies of working with elements of the past administration to make the incumbent government look bad by sabotaging its efforts at remedying the mess it inherited. It declared that “Labour’s inability to accept that Nigerians refuse to join the bandwagon by a cross section of self-serving labour and CSO leaders to further compound the current economic hardship is unfortunate. If they ca…

Naira Exchange Rate Against Dollars, Pound And Euro -