As major Nigerian political parties choose their presidential candidates for the 2023 general election, WorldStage Economic Summit 2022 is to focus on the nation’s infrastructural deficit. According to a statement by World Stage Ltd., the organiser, the objective of the summit with the theme, ‘Nigeria’s Economy: Bridging the infrastructural gap’, is to examine the infrastructural challenges in the country. The statement said the summit would also proffer solutions that would significantly help at improving prospects of achieving the nation’s economic potential. It said that the summit which would hold virtually through zoom and physically at the IBIS Hotels, Ikeja, Lagos, would have…
Author: Newsdesk
Turkish industrial group Eczacibasi on Friday confirmed that a helicopter with seven people on board, including four Turkish citizens had gone missing in northern Italy. The Turkish foreign ministry also confirmed the incident, noting the search and rescue efforts for the helicopter continued. A team from the company, including an Italian pilot, took off from the Iralian city of Lucca and headed for Treviso on Thursday morning but disappeared near the Modena region, said a statement by Eczacibasi. The Turkish employees were in Italy to attend a paper technologies fair organized by Tissue Italy Network, the statement added. The communication…
An Ota Magistrates’ Court in Ogun on Friday sentenced a 30-year old woman, Adekunle Hanna, to six months in prison for stealing clothes, shoes and other valuables valued at N700,000. The Police charged Hanna, whose address was not provided, with stealing. The convict had pleaded not guilty to the charge preferred against her. In her ruling, Magistrate A.O. Adeyemi sentenced the convict to six months imprisonment with an option of N20,000 fine and also directed to pay N328,000 to the complainant. Adeyemi said that the prosecutor had proved beyond reasonable doubts that she was guilty of the charge brought against…
China has become one of the busiest countries in the world in transportation, Vice Minister of Transport Xu Chengguang said on Friday. The vice minister said over the last decade, the country had seen its key transport indicators including passenger and freight volume of railway, road, waterway and civil aviation all rank high. “Also cargo throughput of ports and business volume of postal and express services rank top in the world.” In 2021, ports on average reported over 69,000 ship entries and exits, while airports saw some 26,800 take-offs and landings every day, Xu added. The vice minister said in…
By Abujah Racheal Dr Abisoye Abayomi, an oncologist, says testicular cancer is most common in men, between the ages of 20 and 35 years, adding that the risk factors include a history of undescended testis and male infertility. Abayomi made this revelation in an interview in Abuja on Friday. Testis or Testes (also called testicles) are a part of the male reproductive system responsible for sperm production and storage. They are housed in the scrotal sac, below the penis and are also responsible for producing the hormone testosterone. The testicles are originally located in the abdomen but move down to…
The statutory minimum wage in Germany will rise to €12 per hour ($12.89) in October, after a vote in the upper house of parliament on Friday. Currently, the minimum wage is €9.82. On July 1, it will raise to €10.45, at the same time, the maximum remuneration for so-called “mini-jobs” will rise from €450 to €520 per month in October. Chancellor Olaf Scholz, from the Social Democratic Party, had made the wage increase a key promise of his election campaign in 2021. The opposition had argued that the minimum wage would not protect people against further price increases. According to…
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 123.21 dollars per barrel Thursday. This is compared to 121.54 dollars per barrel recorded on Wednesday. This is according to the OPEC Secretariat calculations on Friday in Abuja. The OPEC Reference Basket of Crudes (ORB) is made up of the Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon) and Iran Heavy (Islamic Republic of Iran). Others are Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and…
The Economic and social financial Crimes Commission (EFCC) told an Ikeja Special Offences Court on Friday that the social media celebrity, Ismaila Mustapha (alias Mompha) flouted the court order and traveled to Dubai with new international passport. Mompha is charged by the EFCC with N6 billion money laundering. The court had on March 28, ordered Mompha to submit his international passport to court after his bail sum was reduced from N200 million to N25 million EFCC, had on Jan.12, charged Mompha and his company, Ismalob Global Investment Ltd, with six billion Naira money laundering The eight-count charge includes conspiracy to launder…
The Kwara government has engaged the services of a Senior Advocate of Nigeria (SAN) to prosecute persons who allegedly misappropriated public funds in the past administration. Mr Olabode Towoju, the Kwara Commissioner for Communications, disclosed this on Friday in Ilorin during a question and answer session at a personality news programme, tagged ‘Newskeg’. According to him, the government is confident that everyone alleged to have misappropriated public funds, will be brought to book. “We are not giving up on ensuring that those who siphoned our collective patrimony and put the state in wretched condition are brought to book. “Justice mostly…
The longest serving emir in Zamfara, Emir of Kwatarkwashi in Bungudu local government area, Ahmad Umar (Mai-Kwatarshi), died on Thursday at 93, having been on the throne for 61 years. The Secretary to the State Government, Kabiru Balarabe, who disclosed this in a public announcement, said the emir died after a prolonged illness at 93. Balatabe said his funeral prayer was conducted at 6:30 p.m. in the historic town of Kwatarkwashi according to Islamic rites. Mai Kwatarkwashi was crowned by Sultan Abubakar III on March 17, 1961 and died in his palace. Until his death, he was the eldest Emir…