LAUTECH: Lecturers to meet on Monday as warning strike ends (PremiumTimes)
The Academic Staff Union of Universities (ASUU) of the Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, will meet on Monday to decide on the next line of action as it ended the two weeks warning strike by its members. Southwest coordinator of the union, Ade Adejumo, disclosed this to PREMIUM TIMES in a telephone interview on Wednesday. The strike disrupted the 2017/18 second semester examination of the institution as the teachers continued to protest against non-payment of workers salaries and decayed infrastructure at the university co-owned by Oyo and Osun states. Read more
Lagos Flags Off Innovation Hub, Kite@yaba (Vanguard)
The Lagos State Government (LASG) has announced the commencement of the Yaba ICT Cluster project known as KITE@Yaba. KITE stands for Knowledge, Innovation, Technology, and Entrepreneurship. The hub according to LASG will provide an enabling environment that will facilitate and support the development of a technology cluster and ecosystem within the Yaba District of Lagos. Read more
Govt Spent U.S.$202,000 Servicing External Debt for 2018 Q2 (DailyTrust)
The Debt Management Office (DMO) has disclosed that Nigeria spent a total of $202,253.15 to service its external debt stock for the second quarter of 2018. This was contained in a document on its website which detailed the multilateral, bilateral, commercial and Eurobond debts. The difference, when compared with the $225,253.15 FG used to service external debt in the first quarter, fell by $22,880. The document showed that the total amount used to service multilateral obligations was $51,115.06, while bilateral obligation gulped $16,023.94. Read more
MSG Is 100% Safe for Consumption – WASCO (Vanguard)
CONTRARY to speculations stating that monosodium glutamate, MSG, is harmful to health, the West African Seasoning Company Limited, WASCO, has debunked such as unfounded rumour, saying it is 100 per cent safe for consumption. Speaking during a factory tour and unveiling of popular comedienne, Helen Paul (aka Tatafo) and professional chef, Miyonse Amosu as Ambassadors for Ajinomoto Umami seasoning, Managing Director of the company, Mr. Junichi Niki, reaffirmed their commitment to healthy living. Read more
There was no attack on Akpabio’s house – Police (PremiumTimes)
The police in Akwa Ibom state said there was no attack on the country home of a senator, Godswill Akpabio, as claimed by the senator’s aide. Mr Akpabio’s media aide, Anietie Ekong, said earlier that some unknown gunmen stormed the senator’s home in Ukana Ikot Ntuen, Essien Udim, Akwa Ibom state, around 7.30 p.m on Tuesday, and were shooting sporadically in front of the gate before they were repelled by police officers and other security personnel attached to the senator. Read more
Ajimobi and the Ayefele Affair, By Louis Odion (PremiumTimes)
At the temple of justice on Monday, the Oyo State government’s lawyer apparently feared the wrath of the law named ‘contempt’. So, the senior advocate sought the easiest getaway by telling a lie whose incredulity can only be likened to the futility of seeking to hide behind a finger. When confronted on the effrontery of his client to demolish a property when the case was already being heard by the court, the learned counsel, without batting an eyelid, casually replied that the Oyo State government under Abiola Ajimobi knew nothing about the bulldozer that sneaked behind Music House, sheltering Fresh FM station along Ring Road in Ibadan, to wreak havoc in the small hours of last Sunday. Read more
70-year-old Nigerian woman gets pacemaker implant in UAE (Gulfnews)
A 70-year-old Nigerian national came to the UAE to treat her heart condition, an atrioventricular (AV) block, at the Emirates Hospital Jumeirah. Maria’s heart beats irregularly and much slower than usual. Her condition can cause loss of consciousness or complete collapse, and requires a dual chamber pacemaker, a small device that rests inside the upper chest and connects to the heart with special wires, where it operates steadily and silently. Read more
NBC condemns demolition of Fresh FM by Oyo government (Guardian)
The National Broadcasting Commission (NBC) has condemned the demolition of the structure housing the Fresh FM in Ibadan by the Oyo State Government. The Director-General of NBC, Ishaq Modibbo-Kawu, who spoke to the News Agency of Nigeria (NAN) in Ilorin, said the demolition was a worrisome development and did not speak well of the state government. The structure, “Music House, ” reportedly valued at N800 million and which had been in operation for 10 years, was demolished in the early hours of Sunday. Read more
Some Nigerians react to Disney Nigerian fairy-tale movie: `Princess Sade’ (Vanguard)
Some Nigerians on Wednesday in Abuja commended the new Disney Nigerian fairy-tale princess called `Sade’, presently being produced by Rick Famuyiwa and Co-written by Ola Shokunbi. The movie being developed by Walt Disney will be starring a Nigerian princess called “Sade’’. Read more
CBN’s Single-Digit Interest On Agric Lending Remarkable – Govt (Vanguard)
Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has lauded the Central Bank of Nigeria, CBN, and Bankers’ Committee on the agreement to offer single-digit interest rate loans to operators in the agricultural and manufacturing sectors of the economy. The facilities would come from Deposit Money Banks’ cash reserve held by the apex bank. Read more
Bridging trade finance gap in a sustainable way (Guardian)
Issues of access to credit remain a persistent problem for businesses everywhere, especially for those in developing economies. In Nigeria, development financial institutions are exploring new measures to reach the bottom of the pyramid for deepened market access and economic development. FEMI ADEKOYA writes. Micro, Small and Medium Enterprises (MSMEs) are often described as the engines of growth and employment generation in the country. The sector has always discussed problems arising due to the scarcity of capital. Read more
Rohr Eyes Kalu for Afcon Role (Vanguard)
Super Eagles coach, Gernot Rohr said he will try out Bordeaux striker Samuel Kalu in the Africa Cup of Nations qualifier against Seychelles next month.
Rohr is expected to name his squad billed for September 8 this week and he stated that Kalu will be first on his mind. “Kalu will probably be in the squad. I have been watching him and I saw him play again this week,” Rohr said. Kalu, an explosive winger with pace to burn, joined the French side from Gent during the summer transfer window in an 8 million Euro deal, but has been on Rohr’s radar for a while. Read more