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Saturday, 18 January 2020 05:59

Rich people are staying healthy for almost a decade longer than poor people

Rich people live healthy, disability-free lives an average of nine years longer than less wealthy people, according to a major study that lays bare the troubling economic inequalities behind lifespans in the US and UK. Researchers analyzed data on more than 25,000 adults over 50, looking for factors that could predict how long they lived before they started suffering from age-related disabilities, like being unable to get out of bed or cook for themselves. The biggest socioeconomic factor in predicting when those problems began was wealth, the team discovered, with richer people enjoying almost an extra decade before experiencing difficulties.…

Friday, 17 January 2020 06:17

Buhari off to London today on six-day trip

President Muhammadu Buhari will embark on a six-day trip to London on Friday (today) according to the State House. He is to participate in the inaugural UK-Africa Investment Summit, while in London. The summit itself opens on Monday, January 20, but Buhari jets out of Abuja today. Buhari is expected back in Nigeria on Thursday, next week. It will be his first foreign trip this new year. The Presidency, in a statement by Mr Buhari’s Special Adviser on Media and Publicity, Mr Femi Adesina, explained that British Prime Minister, Boris Johnson, would play host to the summit. African leaders, business…

Friday, 17 January 2020 06:15

FG, states, LGs get more money for Dec as FAAC share N132bn more than previous month

Federal government, the 36 state governments and the 774 local councils, on Thursday, shared about N717 billion as allocation for December 2019. The allocation was announced at the end of the Federation Accounts Allocation Committee (FAAC) meeting in Abuja. Details of the allocation as announced by Accountant General of the Federation, Mr Ahmed Idris, showed that as at January 15, 2020, the balance in the Excess Crude Account (ECA) was about $325 million. The meeting was chaired by Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Mr Mahmoud Isa-Dutse. The N717 billion comprised revenue from Value Added Tax…

Friday, 17 January 2020 06:14

Buhari appoints new CBN deputy gov

President Muhammadu Buhari has sent the name of Mr Kingsley Obiora to Senate for confirmation as Deputy Governor of Central Bank of Nigeria. In a letter to Senate President Mr Ahmad Lawan, Mr Buhari said the nomination was in accordance with the provision of Section 8(1) (2) of Central Bank of Nigeria (Establishment) Act 2007. Obiora, upon confirmation by Senate, replaces Mr Joseph Nnanna, who retires on February 2, 2020. Obiora holds a Bachelor’s degree in Economics and Statistics from University of Benin, a Masters in Economics from University of Ibadan, and a Doctorate in Monetary and International Economics, also…

Friday, 17 January 2020 06:10

Hurdles as Nigeria, Ghana, 4 others reject ‘Eco’ currency

The six member countries of West African Monetary Zone (WAMZ) comprising Nigeria, Ghana, Gambia, Guinea, Liberia and Sierra Leone, have rejected the adoption of ‘Eco’ as the name of the proposed single currency for West Africa. Rising from an extra-ordinary meeting of ministers of finance, and governors of Central Banks of the West African Monetary Zone on the ECOWAS single currency programme, held yesterday in Abuja, WAMZ rejected the adoption of Eco by mostly French speaking West African states. Recall in December 2019, Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo announced they were migrating from their…

Friday, 17 January 2020 06:06

Mbaka’s conducts embarrassing to Catholic Church - Archbishop

Catholic Archbishop of Lagos, Mr Adewale Martins, says the Spiritual Director of the Adoration Ministry, Enugu, Mr Ejike Mbaka, could be banned from preaching if he continues to deviate from the doctrines and tenets of the Catholic Church. Martins, appointed Archbishop of Lagos by the Pope in 2012, said this during an interview with BBC Igbo while reacting to Mbaka’s prophecy that Hope Uzodinma would emerge as governor of Imo State. Mbaka had on New Year’s Eve prophesied that Uzodinma would emerge as governor in 2020, a prophecy which came to pass on Tuesday when the Supreme Court sacked Emeka…

Friday, 17 January 2020 06:01

Climate change could release ancient viruses from melting glaciers - Report

Scientists found 33 viruses in two ice cores taken from a Tibetan plateau glacier Twenty-eight of the viruses are unknown to science and not seen before Scientists warn that ancient viruses are likely to be released as glaciers melt Unknown ancient viruses up to 15,000 years old have been discovered lurking in prehistoric ice atop the Tibetan plateau. Scientists extracted two lumps of ice from a glacier and found a total of 33 pathogens frozen inside, with 28 of them never seen before by humans. Researchers say global warming is threatening to melt the world's glaciers and that under a…

Thursday, 16 January 2020 05:27

New VAT rate took effect immediately after Buhari’s assent – Accountant General

The new Value Added Tax (VAT) rate of 7.5 per cent took effect immediately the new Finance Act 2019 was signed into law by President Muhammadu Buhari on Monday, Accountant General of the Federation, Mr Ahmed Idris, has said. Idris, who spoke with journalists in his office in Abuja, said with the coming into effect of the new law, all payments from government treasury, whether approved before the assent of the bill into law or not, will attract the new tax rate. “In government, you don’t take an action unless there is an approval or legal instrument. No one can…

Thursday, 16 January 2020 05:24

Lagos explains why Fela’s statue erected by ex-gov Ambode was pulled down

Lagos State government said on Wednesday that it pulled down the Fela Anikulapo-Kuti’s statue at Allen Roundabout for the improvement of road infrastructure and to ease traffic gridlock in the state. Gboyega Akosile, the Chief Press Secretary to Babajide Sanwo-Olu, the Lagos State governor told PREMIUM TIMES that the roundabout had been identified as the cause of traffic gridlock in the area and there is need to reduce the roundabout and ultimately remove the statue. “We are the ones that erected it as the Lagos State government, the only constant thing in life is change and the state government has…

Wednesday, 15 January 2020 05:44

Nigerian passport one of world’s weakest - Report

Yomi Kazeem Nigeria might be Africa’s largest economy but it is increasingly home to one of the continent’s weakest passports. Over the past decade, the Nigerian passport has suffered the worst decline in rankings on the annual Henley Passport Index with a 19-place drop. The decline in passport power now sees Africa’s most populous country rank 95th—firmly etched in the bottom quarter of the rankings. The drop in rankings also means Nigerian passport holders can visit two countries fewer now than they could in 2010 without first obtaining a visa. Regionally, Africa accounts for four of the seven biggest drops…

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Wednesday, 15 January 2020 05:43

Meeting with Buhari: Beyond IPPIS - ASUU

PRESS RELEASE Academic Staff Union of Universities (ASUU) has found it necessary to correct the wrong impression created by a section of the media that the meeting of the Union with President Muhammadu Buhari on Thursday, 9th January, 2020 was called solely to discuss the Integrated Payroll and Personnel Information System (IPPIS) which ASUU rejected, and still rejects, for sound reasons. 1. Background to the Visit ASUU believes that engagement with the leadership of Nigeria by the academic community should be a seamless process. Before the last visit to the State House, ASUU had previously engaged former Presidents Olusegun Obasanjo,…

Wednesday, 15 January 2020 05:42

Customs CG queried over claim of spending N1.6bn to recruit 3,200 personnel

The confirmation of Nigeria Customs Service (NCS) that it spent N1.6 billion to recruit and train the 3,200 personnel it will engage soon. The recruitment exercise, which began in April last year, had stoked controversies due to the delay, alleged impropriety and fraud it threw up. Vice Chairman of Senate Committee on Customs, Mr Ade Fadahunsi, had accused Comptroller-General of Customs, Mr Hameed Ali, of paying a whopping N1.6 billion to a consultant for the recruitment of 3,200 personnel into the service. But Customs spokesperson, Mr Joseph Attah, said yesterday that “dropping the figure as recruitment is misleading” and explained…

Wednesday, 15 January 2020 05:40

Doctors fume as mob strip female colleague naked at Abuja hospital

Medical doctors under the umbrella of Commonwealth Medical Association (CMA) said it would no longer accept physical or verbal assault on medical doctors by patients for whatever reason. Their position followed a report of recent physical assault on a female medical doctor (name withheld) at Maitama District Hospital, Abuja, by relatives of a patient who passed on while under the care of the hospital. CMA President, Mr Osahon Enabulele, in a statement released in Abuja, yesterday, said the attack was one too many. “This is the second case of assault of medical doctors in the same Maitama District hospital and…

Wednesday, 15 January 2020 05:38

Britain, France, Germany formally accuse Iran of breaking nuclear deal

Britain, France and Germany formally accused Iran on Tuesday of violating the terms of its 2015 agreement to curb its nuclear programme, which eventually could lead to the reimposing of U.N. sanctions lifted under the deal. The European powers said they were acting to avoid a crisis over nuclear proliferation adding to an escalating confrontation in the Middle East. Russia, another signatory to the pact, said it saw no grounds to trigger the mechanism and Iran dismissed the step as a “strategic mistake.” The three countries said they still wanted the nuclear deal with Tehran to succeed and were not…

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