Troubled Australian gaming group Crown Resorts agreed to be taken over by US private equity giant Blackstone. The Melbourne-based firm said on Monday that its board has backed Blackstone’s A$8.9bn (£4.7bn; $6.3bn) buyout offer. The deal gives high-profile billionaire James Packer the opportunity to exit the business, which has faced scandals and regulatory scrutiny. Crown, […]
Author: umunna
FG provides 750,000 jobs for youth to bridge unemployment gap
The Federal Government has created 750, 000 jobs for youths to close the unemployment gap in the country. The Director-General, Bureau of Public Service Reforms (BPSR), Mr Dasuki Arabi made this known at the News Agency of Nigeria (NAN) Forum, on Sunday in Abuja. Arabi, who is also the Chairman, Technical Working Committee on Youth […]
FG, stakeholders optimistic N140b CBN facility will light rural areas
The Federal Government and key stakeholders in the electricity industry, yesterday, raised concerns over the huge gap in access to electricity in rural communities, stressing that the N140b facility provided by the Central Bank of Nigeria (CBN) remained a leeway to the projected National Energy Plan. Amid the high rate of rural-urban migration, challenges faced […]
#EndSARS: FG accuses Twitter, Canada of double standards over truckers’ protest
The Federal Government has accused the Canadian government and social media giant, Twitter, of double standards in its handling of the truckers’ protest against COVID-19 restrictions in Canada. Following the COVID-19 restrictions imposed by Canada, truck drivers converged on the nation’s capital, a situation that made Prime Minister Justin Trudeau hit out at the protesters, […]
UNILAG attracts N17bn grant in 4 years
The Vice-Chancellor, University of Lagos (UNILAG), Prof. Oluwatoyin Ogundipe, has said that the institution has been able to attract research grant of N17 billion during his tenure. Ogundipe said this at the UNILAG Law Alumni event; “The Great Homecoming” which held on Feb.12 at Harbour Point, Victoria Island, Lagos. According to him, no other university […]
NDLEA detains Indian businessman over 134,700 bottles of Codeine smuggled into Nigeria
An Indian businessman, Vyapak Nutal, has been taken into custody for interrogation by operatives of the National Drug Law Enforcement Agency, NDLEA, over the smuggling of 134,700 bottles of Codeine syrup into the country through the land border between Nigeria and the Niger Republic in Sokoto State. NDLEA spokesman, Femi Babafemi, in a statement on […]
Apple moves to stop AirTag tracking misuse
Apple plans to introduce a number of changes to make it harder to misuse AirTags to track someone. The button-sized devices are designed to work with Apple’s ‘Find My’ network to locate lost items. The company said its changes to the device will make suspicious tags easier to find, and alert users earlier that an […]
EU Chief unveils 150bn Euro investment plan for Africa
EU chief Ursula von der Leyen on Thursday unveiled plans to muster investment of more than 150 billion euros for Africa, proclaiming Europe to be the continent’s biggest and “most reliable” partner. The scheme is the first regional plan of the European Union’s Global Gateway — an investment blueprint that seeks to mobilise up to […]
Crypto exchange Binance to take $200m stake in Forbes
Binance, one of the world’s biggest cryptocurrency firms, will take a $200m (£147.6m) stake in Forbes in the latest twist for the 105-year-old media brand. Forbes, known for its ranking of billionaires, said the deal would help make it a leader supplying information about digital assets, like Bitcoin. But news of the investment sparked questions […]
Nigeria to earn $200bn FX repatriation on non-oil exports
The Central Bank of Nigeria (CBN) has announced policies, plans and programmes for non-oil exports that will enable Nigeria earn 200 billion U.S. dollars in foreign exchange repatriation. The CBN Governor, Mr Godwin Emefiele, made the announcement virtually at post-Bankers’ Committee news briefing on Thursday to unveil new initiatives to boost the nation’s economy. Emefiele […]