Remember that the President, Bola Tinubu had written to the house , Wednesday to seek support of having N500bn palliative to cushion Fuel Subsidy removal and soften the hardships confronting workers. The Nigeria Labour congress and Trade Union congress have rebuffed the President proposal to the parliamentarian. The National Treasurer of the NLC, Hakeem Ambali, who spoke in an interview with newsmen in Abuja, questioned the extent to which the palliative would cover. The unions are instead demanding a 300 per cent salary increase to enable workers to cope with the challenges imposed by the deteriorating economic situation that came…
Author: Editor Francis
The draw back is that Java threads are mapped directly to the threads within the working system (OS). This locations a tough restrict on the scalability of concurrent Java purposes. Not solely does it indicate a one-to-one relationship between software threads and OS threads, but there is not a mechanism for organizing threads for optimum association. In traditional thread-based concurrency, each thread corresponds to a native thread, which could be resource-intensive to create and handle. Fibers, however, are managed by the Java Virtual Machine (JVM) itself and are much lighter in terms of resource consumption. This test is about observing…
Good news for Nigerians as President Tinubu made possible the country redeemed a 10 years $500 Million Eurobond on its due date on July 12, 2023. According to investopedia, a Eurobond is a debt instrument that’s denominated in a currency other than the home currency of the country or market in which it is issued. The announcement was on the Debt management office of Nigeria website. The press statement reads in parts “Nigeria had previously redeemed a USD500 million Eurobond in July 2018, another USD500 million Eurobond in January 2021, and a USD300 million Diaspora Bond in June 2022. These,…
One AbdulGafar Ayanrinde who paraded himself as a lawyer has been sentences to three years imprisonment by an Osogbo magistrate’s court. The 25-years-old man was sentenced on Wednesday in Osun state. According to a statement made by Kehinde Adeleke, the spokesperson of the Osun State Command of the Nigeria Security and Civil Defence Corps, it was reported on Wednesday that Ayanrinde had committed the offenses from the 18th to the 22nd of May 2023. Adeleke added that Ayanrinde was apprehended by NSCDC operatives on the 24th of May. Adeleke further disclosed that Ayanrinde, having presented himself as a barrister at…
The Federal Government on Wednesday, says it has taken steps to increase the production of wheat, rice, maize, sorghum and soyabean, through the provision of relevant farm inputs. News Agency of Nigeria reports Dr. Ernest, the Permanent Secretary of the Federal Ministry of Agriculture and Rural Development, made this statement during a stakeholders meeting held in Abuja to discuss the implementation of the National Agricultural Growth Scheme and Agro-pocket (NAGs-AP). Dr. Ernest Umakh highlighted that in addition to the National Agricultural Growth Scheme and Agro-pocket (NAGs-AP), other essential farm inputs such as fertilizers, seeds, agro-chemicals, and more will be provided…
President Bola Ahmed Tinubu has penned a letter to the House of Representatives, requesting an amendment to the 2022 supplementary appropriation act. The purpose of this amendment is to allocate N500 billion towards the provision of palliatives for Nigerians. Speaker of the House of Representatives, Tajudeen Abbas read the president’s letter at plenary on Wednesday. In explaining the necessity of the request, he emphasized that it was crucial to enable the government to offer palliatives to Nigerians, aiming to alleviate the impacts resulting from the removal of fuel subsidy. “I write to request for the amendment of the 2022 supplementary…
The Senate, with a commitment to social services, has announced its plan to investigate the controversies surrounding fuel subsidy payments. The motion put forward was titled “Need to Investigate the controversial huge expenditure on Premium Motor Spirit (PMS) under the subsidy/under recovery regime by the Nigerian National Petroleum Company Limited (NNPCL).” The Senate recognized the importance of investigating the substantial expenses associated with PMS under the subsidy/under recovery regime and assigned it as a focal point for their investigation. The 10th assembly has decided to carry out the investigation by forming an ad hoc committee specifically dedicated to the downstream…
A Public Health Practitioner, Dr. Gafar Alawode, said that the rising population in the country was alarming. He added that the population was growing faster than the economy, which was detrimental. Alawode made this revelation at a panel discussion in Abuja. The panel was oragised by the National Population Commission to mark this year‘s World Population Day. Alawode said, “Nigeria is producing the size of Liberia, Togo, and maybe Sierra Leone combined every year. The reason it is more dangerous is that our population grows faster than our economy. The implication is that the wealth is not expanding, but the…
The United Nations Population Fund envisions Nigeria recording about 700,00 unwanted pregnancies in the year 2023. The government body says the challenge of not funding family planning in the country may lead to the cause. The statement was made during an event held in Abuja on Tuesday to commemorate World Population Day 2023, organized by the National Population Commission. Dr. Adeela Khan, the Technical Specialist for Maternal and Reproductive Health at the UNDP, highlighted during a panel discussion titled “Dialogue on Financing and Investment in Family Planning: Meeting the Growing Demand of Nigerian Women” that the funding gap for family…
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There’s always a chance that this cyclical downturn will get worse and last longer than expected. But at the onset of the coming decline, small and nimble Lattice looks like a best-in-class provider of FPGAs, at least from a business model standpoint. After several years of chip shortages, slowing industrial demand has led to a period of chip oversupply. Lattice is now undersupplying FPGAs to help customers work through excess inventory. Therefore, you need to calculate the rate of profitability to know the return and the desirable profit from the business. Unfortunately, when two different investments have the same PI,…