Author: News Room

Court blocks Oyo govt’s accounts in four banks over N3.4 billion debt

  A High Court of the Federal Capital Territory, Abuja, has issued an order attaching funds standing to the credit of the Oyo State Government and its agencies in four banks. Justice A. O. Ebong issued the order while ruling on a motion ex-parte for garnishee order filed by the ex-chairpersons and councillors led by Bashorun Majeed, Bosun Ajuwon and Idris Okusesi. The News Agency of Nigeria reports that the affected banks are First Bank, United Bank for Africa,… Read the full article here

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FRSC blames speeding as two die in Ondo crash

No fewer than two people lost their lives while 10 people were injured in a road crash which occurred at Jubilee Area of Ikare Akoko, the headquarters of Akoko North-East Local Government Area of Ondo State.  The accident which occurred on Sunday was said to have involved a Toyota Hiace 14-passenger commercial bus with the number plate Kaduna ZAR 288 XF, coming from the northern part of the country.  An eyewitness said the driver of the bus lost control of the… Read the full article here

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Academics, election miasma and other matters

Desirous to enhance the credibility of the 2015 general elections, the then Chairman, Independent National Electoral Commission, Prof. Attahiru Jega, invited academics including vice-chancellors to participate in the various processes – collation and announcement – of election results. This national assignment was in consonance with one of the tripodal duties of the academic namely community service, teaching and research. It was, apriori , anchored also on the… Read the full article here

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Stock investors record N13bn loss in one week

The Nigerian Exchange Limited closed lower last week as investors took stock of the hike in the Monetary Policy Rate by the Monetary Policy Committee of the Central Bank of Nigeria and continued with their profit-taking. At the end of the trading activities last week, the market capitalisation declined by N13bn. The All-Share Index closed 0.04 per cent lower at 54,892.53 compared to the 54,915.39 that it started the week with. Similarly, all other indices finished… Read the full article here

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AFCON qualifiers: Peseiro hopeful of defeating Guinea-Bissau 

  Super Eagles coach, Jose Peseiro has promised that the team will defeat the Djurtus of Guinea-Bissau in today’s Africa Cup of Nations qualifiers match. The match comes up today in the tiny Indian Ocean country. The PUNCH reports that the Guinea-Bissau national football team defeated Super Eagles 1-0 in Abuja last week. Responding to questions on Sunday, the coach of the Super Eagles said, “If we repeat the… Read the full article here

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Eight ways to prevent food wastage

Food waste is a more serious issue than many people realise. Nearly one-third of all food produced in the world is discarded or wasted for various reasons. This equates roughly to nearly 1.3 billion tons every year. With the rising food prices across many countries, it is only wise that every household becomes more conscious in their food usage to curb wastage and save cost. As well as the several benefits involved in reducing food waste for individual households,… Read the full article here

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Julian Nagelsmann, Mauricio Pochettino and more managers linked with Tottenham vacancy – Paper Round

Nagelsmann and Pochettino linked to Spurs jobThe Mail names several managers who could be in the frame to replace Antonio Conte now that the Italian has left Tottenham.Julian Nagelsmann is one option, but fan favourite Mauricio Pochettino is unsurprisingly mentioned too.Premier LeaguePoch return, Nagelsmann or Enrique? Next Spurs manager runners and riders7 HOURS AGOThe Mail describes: “With Conte’s departure at some interval between either now or the summer having been expected for some… Read the full article here

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First Citizens to buy failed Silicon Valley Bank

First Citizens Bank will buy much of Silicon Valley Bank, US regulators said, as they estimated the lender’s collapse would lead to $20bn of losses for a deposit insurance fund paid for by banks.The Raleigh, North Carolina-based lender will take on all $119bn of deposits at SVB, the once high-flying lender to tech start-ups and their investors that failed this month. First Citizens will also take over SVB’s loans and operate its 17 branches, the Federal Deposit Insurance… Read the full article here

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M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

Optimism-based lending protocol Kokomo Finance has been suspected of a $4 million “exit scam” that has seen user funds plucked out from the platform via a smart contract loophole.Blockchain security firm CertiK alerted its followers to the “exit scam” in a March 26 Twitter post, noting that the Kokomo Finance (KOKO) token has plummeted 95% in value in a matter of minutes. CertiK also noted that Kokomo Finance removed all social media accounts immediately following the alleged rug… Read the full article here

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