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Sylva: FG cuts 30% off major oil contracts’ cost

Four refineries grounded, production hits zero – Kyari NNPC: How we stopped $125m payment to syndicate The Federal Government, yesterday, officially confirmed that there is a threat to Nigeria’s oil prosperity, maintaining that it has slashed cost of some major oil contracts by 30 per cent. Minister of State for Petroleum Resources, Timipre Sylva, who […]

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Nigeria’s active mobile subscriptions inch close to 200m

Active mobile subscriptions in the country are set to hit the 200 million mark as the telcos’ database hits 196 million in June. The latest statistics released by the Nigerian Communications Commission (NCC) showed that a total of 4.1 million new mobile lines were activated in the month, thus increasing the figure by 2 per […]

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Job stress increases risk for brain, memory decline

A new study at the Colorado State University in the United States, has found that physical stress in one’s job may be associated with faster brain ageing and poorer memory. These findings under the research topic ‘Work and Brain Health Across the Lifespan,’ were published in the journal ‘Frontiers in Human Neuroscience’. An Assistant Professor […]

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NSE: Investors gain N112bn in July

Notwithstanding the continuous spread of COVID-19 pandemic the Nigerian economy has witnessed, the local bourse boosted by the remote trading recorded a gain of N110 billion during the month. Investigation by New Telegraph showed that activities on the stock market, which opened the trading month at N12.769 trillion in market capitalisation and 24,479.22 in index […]

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Afenifere leader, Fasanmi, dies at 94

Buhari, Gbajabiamila, Tinubu,Kalu, others mourn Leader of Yoruba sociopolitical group, Afenifere, Pa Ayorinde Fasanmi, has died. Fasanmi died on Wednesday night at 94. Osun State government yesterday announced Fasanmi’s passage in a statement issued by the Commissioner for Information and Civic Duties, Mrs. Funke Egbemode. According to Egbemode, the frontline politician’s death was confirmed by […]

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COVID-19: FCT tops list as NCDC confirms 481 new cases

  For the first time in weeks, the Federal Capital Territory (FCT) topped the list of states with new coronavirus infections in the country. Out of 481 samples confirmed positive on Thursday by the Nigeria Centre for Disease Control (NCDC), the FCT recorded the most infections with 96 cases, followed by Lagos with 89. The […]

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Depression: Soldier shoots officer dead in Borno

There was palpable tension at the headquarters of the 202 Battalion of 21 Special Armoured Brigade Bama, Borno State, when a soldier involved the counter-insurgency operations, shot and killed a Lieutenant (Subaltern). The tragic incident occurred at about 10:30am, on Wednesday, July 29. Sources said the trooper may have killed his superior for allegedly refusing […]

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Trump suggests delay to 2020 US election

Donald Trump has suggested November’s presidential election be postponed, saying increased postal voting could lead to fraud and inaccurate results. He floated a delay until people could “properly, securely and safely” vote. There is little evidence to support Trump’s claims but he has long railed against mail-in voting which he has said would be susceptible […]

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JUST IN: Pa Ayo Fasanmi is dead

  Elder statesman and prominent Yoruba leader, Pa Ayo Fasanmi, is dead. Information has it that he died on Wednesday night. The development was confirmed on Thursday morning by the son of the former leader of Afenifere, Folabi, in a statememt. Folabi said: “With great gratitude to the  Almighty God for a life well spent, […]

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