Leading commercial airplane manufacturers, Airbus and Boeing Corporations, have urged the United States to delay the rollout of new 5G phone services due to safety concerns. In a letter, top executives at Boeing and Airbus warned that the technology could have “an enormous negative impact on the aviation industry.” Concerns have previously been raised that C-Band spectrum 5G wireless could interfere with aircraft electronics. U.S. telecoms giants AT&T and Verizon are due to deploy 5G services on 5 January. “5G interference could adversely affect the ability of aircraft to safely operate,” said the bosses of Boeing and Airbus Americas, Dave…
Author: Webmaster
The Federal Government earned N1.77trillion from sukuk bonds over a period of four years, according to a report obtained by our correspondent. The N1.77trillion sukuk was raised between 2017 and 2021, the report stated. The sukuk bonds, which are sharia-compliant bond-like instruments used in Islamic finance, were issued to finance over 97 road projects across the country. In 2017, the Federal Government raised a N100bn seven-year debut sukuk bond for the financing of 25 road projects across the six geo-political zones of the country. The N100billion sukuk bond, which had a subscription of N105.88billion, was oversubscribed by about N6billion by…
Tens of thousands of people awoke on Christmas morning to a surprise from an unexpected benefactor – Santander. The bank mistakenly deposited £130m into 75,000 accounts on 25 December. Santander’s staff are now rushing to claw back the money, although the job is being made more difficult because much of it was deposited in accounts at rival banks, according to The Times. The error occurred when payments from 2,000 business accounts were made twice. “We’re sorry that due to a technical issue, some payments from our corporate clients were incorrectly duplicated on the recipients’ accounts,” the bank said in a…
A Nigerian nurse, Godbless Uwadiegwu was on Tuesday sentenced to three years in prison for sexually abusing patients in the United States. The 59-year-old was accused of having sexual contact with two patients in two different facilities: Traditions of Deerfield and Otterbein SeniorLife in Maineville. He will also be required to register as a Tier I sex offender for at least 15 years. Uwadiegwu, who pleaded guilty in November to two felony counts of gross sexual imposition, was previously indicted on 3 rape charges and 3 charges of gross sexual imposition. The rape charges and one of the gross sexual…
In a goodwill and end of year message to the management/staff and esteemed clients of Atlass Portfolios, the CE Olumuyiwa Adeyemi who incidentally got appointed onto the governing council of the Association of Securities Dealing Houses of Nigeria (ASHON) expressed satisfaction and contentment that hard work, integrity and dynamism can positively transform the Market. His goodwill message was delivered as he acknowledged that Atlas’s Portfolios made the list of the top 10 by volumes stockbrokers for the first 11months of 2021. Atlass traded 2.71% of the entire market; a feat for a young team with lots of potential to do…
In eleven (11) months to November 30, 51.96percent of total value of stocks traded on the Nigerian Exchange Limited (NGX) was done by ten (10) stockbroking firms. The stockbroking firms are: Stanbic IBTC Stockbrokers Limited, Cardinalstone Securities Limited, Rencap Securities (Nigeria) Limited, EFG Hermes Nigeria Limited, Investment One Stockbrokers Intl Limited, Meristem Stockbrokers Limited, APT Securities and Funds, FBN Quest Securities Limited, APEL Asset Limited, and Cordros Securities Limited. The record value of equities traded in the review eleven months period by the top ten stockbrokers was N909billion. Stanbic IBTC Stockbrokers Limited led the pack, accounting for N189.75billion worth of equities transaction…
One Edo lady, Eunice Odigie has said that parents are aiding and abetting activities of Yahoo boys in Benin city. Odigie said this in reaction to viral report of a Yahoo boy ( Internet fraudster) identified as Osas, who allegedly killed his girlfriend, Elohor Oniorosa for suspected ritual purposes in Benin city on Christmas eve. Taking to Facebook, she wrote; “In Benin city, at least 90% of parents are aware that their daughters are dating Yahoo/ G- boys and they are 100% in support of it. “In fact, most of the expensive weddings in Benin have young Yahoo boys as…
Chairmen of the defunct Congress for Progressive Change in the 16 Local Government Area of Kwara State have endorsed the aspiration of Malam Saliu Mustapha as the National Chairman of the All Progressives Congress. Mustapha was Deputy National Chairman of the CPC before the party fused with three other parties to form the APC. Legacy parties that fused to form the APC were the Action Congress of Nigeria, All Nigeria Peoples Party and a faction of All Progressives Grand Alliance led by Rochas Okorocha. Rising from their annual get-together in Ilorin on Wednesday, the former CPC local government chairmen said…
The umbrella association of South East pro-democracy groups, the South East Democratic Civil Society Coalition, has rejected what it termed the “purported endorsement of a former Secretary to the Government of the Federation, Anyim Pius Anyim, for president by some South East politicians.” Among those that had endorsed him were ex-Senate President, Adolphus Wabara; and Senate Minority Leader, Enyinnaya Abaribe. Describing the endorsement of Anyim as “hasty and self-serving”, the Coalition in a statement signed by its National Convener, Chief Willy Ezugwu, demanded the immediate withdrawal of the endorsement by Senator Abaribe, whom the Coalition described as “one of our…
The Olushi Onigbesa royal family has appealed to the Governor of Lagos State, Babajide Sanwo-Olu, to stop the Chairman of the National Union of Road Transport Workers, Musiliu Akinsanya, popularly known as MC Oluomo, from becoming the king of Oshodi. The Head of the Olushi Onigbesa royal family, Kabiru Eyantan, said this on Wednesday during a press briefing. Eyantan told newsmen in a prepared statement: “The attention of the Olushi Onigbesa royal family of Oshodi Awori Kingdom has been drawn to the picture of Alhaji Musiliu Ayinde Akinsanya, aka MC Oluomo, Chairman, NURTW in Lagos State, circulated on numerous social…
