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Unilorin Wins Nigerian Universities Debating Championship

The University of Ilorin has won the 2016 All-Nigeria Universities Debating Championship, beating 19 other universities that participated in the competition.

The championship, which is the fourth in the series, held at the Covenant University, Sango-Ota, Ogun between July 9 and July 16, 2016.

Other universities that participated in the tournament were: the University of Lagos, Osun State University, the University of Calabar. Punch

INEC Unsure of Rivers Rerun Election after Fire Incident

Indications have emerged that the legislative rerun election in Rivers may not hold as scheduled due to the fire that gutted the office of the Independent National Electoral Commission in Khana LGA of the state.

The All Progressives Congress and Peoples Democratic Party have expressed their readiness for the rerun election but INEC said it was not sure if the exercise would hold on Saturday, July 30, as planned.

There appears to be no major work towards the conduct of the rerun election at the INEC office on Monday, especially with regard to the arrival of some non-sensitive materials. Punch

Why Kebbi Denies Dangote Land –Bagudu

Business mogul, Alhaji Aliko Dangote’s plan to establish a sugar plantation and a factory in Kebbi State may have hit the rock, as indigenous land owners, who are mostly farmers, have refused to release their farm land.

Governor Abubakar Atiku Bagudu said this at an interactive session with intellectuals of Kebbi State origin working at Usman Danfodiyo University, Sokoto. The session was held at the university’s auditorium. Also in attendance were members of the Kebbi State Students’ Union, UDUS chapter. Punch

Traffic Laws: Lagos Clears Air on Enforcement

The Lagos State Government on Monday has defended the enforcement method of its Special Offences Task Force which favours the removal of number plates of erring vehicles over clamping down and towing of vehicles.

The government also denied allegations of highhandedness against officials of the Task Force and those of the Special Offences Tribunal (Mobile Court), describing the coterie of complainants on social media as hypocritical and manipulative. The Nation

First Edo female Speaker steps down over zoning

Elisabeth Ativie, the first female to emerge Speaker of the Edo State House of Assembly, has stepped down.

She was made Speaker on the May 3 and was sworn-in on the May 9 after Victor Edoror was impeached over financial misappropriation.

Ativie was asked to step down by the party leadership to pave way for a lawmaker from Edo Central senatorial district to emerge Speaker. The Nation

FRSC Creates Data Bank for Auto Crashes- Report   

The Federal Road Safety Corps (FRSC), has said that the need to have a unified road accident data in the country informed the creation of the “National Crash Report Information System (NACRIS)’’.

According to the corps 2015 annual report, the NACRIS is a committee responsible for the collation and harmonization of road traffic accident data from all agencies generating data on accident. Vanguard

Food Shortage’ll Cease By 2018 – FG

Food shortage problems in Nigeria will be over in the next two years, the Federal Government has said.

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, disclosed while playing host to the Governor of Anambra State, Chief Willie Obiano, in Abuja.

Ogbeh, in a statement issued by the Federal Ministry of Agriculture and Rural Development on Monday, assured Nigerians that the food shortage problems in the country would soon be over. Punch

Business News

NDIC Decries High Rate of Insider Abuse In Banks

The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has expressed concern on the increasing wave of non-performing insider loans in banks. A statement issued by the NDIC said that Ibrahim expressed the concern while receiving a delegation from the Chartered Institute of Bankers of Nigeria (CIBN) led by Prof. Segun Ajibola, its Council Chairman, in Abuja. Vanguard

Afreximbank, Exim Bank of China Sign $1bn Agreement To Develop Industrial Parks In Africa

The African Export-Import Bank (Afreximbank) says it has signed a cooperation agreement with the Export-Import Bank of China for one billion dollars to construct industrial parks and special economic zones in Africa.

A statement by Afreximbank on Monday said that the agreement, tagged “China-Africa Investment and Industrialization Programme”, was signed at the just concluded 23rd Annual General Meeting of Afreximbank in Mahe, Seychelles. Guardian

Aviation Fuel Scarcity: NCAA Calls for Passengers’ Restraint

The Nigerian Civil Aviation Authority (NCAA) has called on all passengers who are experiencing the attendant flight delays and cancellations arising from the scarcity of Aviation fuel to exercise restraint.

The NCAA gave the advice in a statement issued by its General Manager, Public Relations, Mr Sam Adurogboye, which was obtained by the News Agency of Nigeria (NAN) on Monday in Lagos. Guardian

Yahoo Selling Internet Assets for $4.8 bn To Verizon

Yahoo has agreed to sell its core business to telecom giant Verizon for $4.8 billion, ending a 20-year run by the internet pioneer as an independent company, the firms announced Monday.

Verizon chief executive Lowell McAdam said Yahoo would be integrated into its recently acquired AOL unit to create “a top global mobile media company, and help accelerate our revenue stream in digital advertising.” Guardian

The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.


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