Hospital light’s disconnection endangers premature babies’ lives –Residents

Residents of Shomolu in Shomolu Local Government Area of Lagos State have criticised the Ikeja Electricity Distribution Company (IKEDC) for what they described as illegal disconnection of electricity at the community’s General Hospital. According to them, the action has created difficulty not only for patients but also other members of the community. In a letter of complaint addressed to the electricity company and copies sent to Governor Akinwunmi Ambode, the state House of Assembly and the Local Government, the community berated the company for charging the hospital arbitrary fees. The…

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Slippery crude oil swap

The recent payment of over $202 million to the Nigerian National Petroleum Corporation (NNPC) downstream entities by Aiteo Energy Resources Limited for fraudulent deals under the scrapped crude oil swap arrangement has reaffirmed the need to fully unravel all transactions surrounding the controversial barter plan during the last administration. The amount includes Aiteo’s share of the $184 million total indebtedness by three companies on crude swap obligations and other downstream liabilities. Televaras Group of Companies has also pledged to make a tranche payment of $17.2 million while NNPC is still…

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Turks in key vote on presidential powers

  Voting is under way in Turkey in a landmark referendum that will determine whether President Recep Tayyip Erdogan will be granted sweeping new powers. Erdogan is seeking to replace Turkey’s parliamentary system with an executive presidency. Supporters say the move would streamline and modernise the country, but opponents fear it could lead to greater authoritarianism. A “yes” vote could also see Erdogan remain in office until 2029. On Saturday, Turkish politicians made their final appeals to voters preparing to cast their ballots on one of the most sweeping programmes…

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…Governors, others congratulate Christians

As the ruling All Progre s s i v e s Congress (APC) on Saturday expresses its best wishes to Christians in the country and indeed all Nigerians on the joyous occasion of Easter, former Vice President of Nigeria and a chieftain of the party, Alhaji Atiku Abubakar has congratulated Christians in Nigerians, saying the country will get better. In a press statement released by Atiku’s Media Office, he urged the Christian faithful and Nigerians of other faiths to see the sacrifice and deprivation of the period preceding Easter as…

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Look up and live

The Bible speaking in the book of Numbers 21:6 says: “When the people of Israel sinned against God, God sent fiery serpents and their bites were fatal leading to death.” When they were bitten, no balm or human medication could prevent death; apart from looking up to the brazen serpent raised by Moses under divine directive of God. This was a spiritual solution to their problem: whosoever will look up to the brazen serpent shall live. From the time of Jeremiah till today, God has never imposed His solution upon…

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Two die as Fayose imposes curfew in Ekiti

Ayodele Fayose

Two persons are feared dead in a clash allegedly caused by some youths suspected to be members of Federation of Igbara-odo Students Union. An eyewitness said trouble began when the students started distributing some pamphlets inciting the people of the town to probe the monarch, Oba Edward Jaiyeola, on how monies raised in the last anniversary celebration of the town were spent. They also demanded the inclusion of four of their members in the monarch’s council of chiefs and that a new generation bank, which was about to vacate the…

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How Reps rejected proposal to sack govs

A controversial bill seeking to amend the 1999 constitution to empower the National Assembly to remove state governors was kicked out by members of the House of Representatives a week ago. PHILIP NYAM reviews the debate on the rejected proposed legislation Members of the House of Representatives were last week engaged in a heated debate reminiscent of the tenure elongation agenda otherwise called third term, during the 5th Assembly. Apparently aware of the mood of the nation and the impression the public have about the legislature, the lawmakers were unanimous…

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CBN raises banks’ forex limits to resolve breaches

Central Bank of Nigeria

The Central Bank of Nigeria (CBN) has increased the limit on banks’ foreign currency borrowings to 125 per cent of shareholders’ fund after some lenders breached its regulatory limit due to the recent fall in the naira, Reuters reported yesterday. The new regulation replaces a 2014 rule capping foreign borrowings, including Eurobonds, at 75 per cent of shareholders’ funds as the country tries to manage widespread capital shortfalls at lenders due to a currency crisis and bad loans. According to the news agency the apex bank said in a circular:…

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