Purchase

Dangote Cement acquires 2,000 new vehicles to enhance transportation

Dangote Cement Plc has acquired 20,000 additional vehicles to enhance the distribution of the company’s cement products in the country. The company’s Spokesman, Tony Chiejine, said in a statement made available to newsmen on Monday in Lokoja that the new vehicles, made up of trucks, trailers and tippers, were acquired at a cost of $150 million US dollars. According to him, the company had recently taken delivery of another set of trucks, trailers, bulk tankers, tippers, cargo trucks and bulk cement tankers. “These assets would meet the expected increase in demand for transportation of cement to every part of the country and create employment for over 4,000 people in Nigeria,” he said. “We have acquired the new trucks in line with our new expansion capacity in Obajana, Ibese, Gboko and the ...

South Africa’s Jacob Zuma mounts last-ditch legal fight against jail term

South Africa’s ex-president Jacob Zuma on Friday mounted a last-ditch legal bid to avoid prison after the country’s top court ordered him jailed for failing to appear before graft investigators. In a landmark ruling, the Constitutional Court on Tuesday handed Zuma a 15-month term for contempt after he snubbed a probe into the theft of state assets under his tenure. If the 79-year-old fails to turn himself in by Sunday, police will be given a further three days to arrest him and take him to jail to start the sentence. As the deadline loomed, Zuma pleaded on Friday that the order be “reconsidered and rescinded.” “It will not be futile,” Zuma said in papers filed to the court, “to make one last attempt to invite the Constitutional Court to relook its decision and to merely reassess whether it...

Facebook hits $1 trillion valuation for first time

Social media giant, Facebook, has hit a $1 trillion valuation, following a dismissal of two antitrust lawsuits against the company. Facebook’s stock closed higher on Monday at $355.64 per share which contributed to the trillion-dollar valuation, Business Insider reported. The rise came after a United States court dismissed complaints by the Federal Trade Commission and a group of state attorneys generals against the social networking company. The FTC has claimed that Facebook is exercising monopoly as the social media giant controls over 60% of the social-networking market. In the ruling of the case, US District Judge James Boasberg in Washington dismissed the claim, as he explained that there was no proof to support their claim. In a separate case, 46 state attorneys general formed a coal...

Africa on cusp of the third wave of coronavirus facing a vaccine shortage

Africa is heading into a third wave of coronavirus infections as the least-inoculated continent faces a shortage of vaccines. African nations reported 94,000 new cases in the week through June 6, a 26% increase. South Africa announced the most new cases, followed by Tunisia, Africa Centres for Disease Control & Prevention Director John Nkengasong said in an online briefing Thursday. “Fourteen or so of our member states are now heading toward the third wave, and aggressively so,” he said. “It really highlights the need for us to roll out vaccines at speed and at scale.” Only 2.8% of Africa’s population is inoculated, compared with a global average of 14.5%, according to Africa CDC and Bloomberg Economics data. The program has slowed because of interruptions to supply from India, where m...

President Buhari inaugurates police equipment in Lagos

President Muhammadu Buhari on Thursday inaugurated security equipment for the police and other security agencies in Lagos State. Governor Babajide Sanwo-Olu of Lagos officially handed over the patrol vehicles and various security equipment to the Inspector-General of Police, Usman Baba. The security equipment include 150 double cabin vehicles, 30 saloon patrol vehicles, 1000 ballistic vests, 1000 ballistic helmets, 1000 handheld police radios/walkie talkies and 100 security patrol bikes. Others are two Armored Personnel Carriers (APCs), four high capacity troop carriers, two anti-riot water cannon vehicles, office/command furniture and other ancillary support resources. Speaking at the handing over ceremony, Sanwo-Olu said that the state, local governments and corporate organisations contr...

NNPC selects 26 firms to lift Nigeria’s crude oil

The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the country’s crude oil for the next two years. The crude term contracts, expected to run from 2021 through 2023, would see the firms and the selected nations, which would operate on a Government-to-Government (G2G) basis to purchase the commodity from the national oil company. The deal is coming less than a week after the corporation chose 16 oil and gas consortia for its new crude-for-fuel swap contracts for one year starting in August. The contracts, known as Direct Sale, Direct Purchase (DSDP) are high-stakes agreements used to supply nearly all of Nigeria’s petrol needs as well as cover some of its diesel and jet fuel consumption. However, in the fresh crude oil...

David Moyes: West Ham can’t afford Tammy Abraham

David Moyes has ruled West Ham out of the running to sign Tammy Abraham. The Chelsea frontman is understood to be one of Moyes’ top summer targets as he attempts to bolster his strikeforce. But the Hammers boss says Abraham’s reported £40million price tag means the 23-year-old is well out of his range. “It would rule us out completely. We will be ruled out,” said Moyes. “So if that’s the figure and that’s what’s being said, we are ruled out. “We don’t have that money, we don’t have that to buy a striker at that price, no. “Is that sort of figure our total spend? It may well be. But you never know here. “I don’t think we will be making a purchase of that for any one player. I’d be surprised if we were.” Get more stories like this on Twitter You Deserve to Make Money Even When you are lookin...

Federal government okays N20.1 billion for Nigerian customs equipment

The federal government has approved a total of N20,114,002871 for the acquisition of various operational equipment for the Nigerian Customs Service (NCS). The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this to State House Correspondents after the federal executive council (FEC) meeting presided over by Vice President, Yemi Osinbajo at the presidential villa on Wednesday. The Minister said further that Council also approved the sum of N539,277,673 for the construction of the Federal Inland Revenue Service (FIRS) building at the Ilupeju Medium and Small Taxpayers’ office in Lagos. On the breakdown of contracts approved for Customs, the Minister said a total of 427 operational vehicles, worth N14.55 billion and nine assorted gunboats worth N5,564,002,871 were a...

How love affair gone bad led to imprisonment of Prophet Israel Oladele

When the Lagos State Court of Appeal granted the Senior Shepherd-in-Charge of the Celestial Church of Christ, Genesis Global, Prophet Israel Oladele Ogundipe, a post-conviction bail last week, on grounds of failing health, quite a number of people, particularly members of his congregation, were very happy with the news. This is because the televangelist’s previous bail applications were all turned down. Oladele was arraigned on seven counts bordering on obtaining by stealing, inducing delivery of money by false pretences, unlawful conversion of property and forgery, fraudulently collected N14m and £12,000 in various tranches from the complainant between August 30, 2002 and 2005. He was found guilty on two counts of stealing and unlawful conversion of property not delivered. And on November...

Interpol: Fake coronavirus vaccines are being sold online

The International Criminal Police Organisation (INTERPOL) has warned against the purchase of COVID-19 vaccines online. INTERPOL noted that criminals have started producing and selling fake vaccines through online platforms. The law enforcement organisation, in a statement published on its website, said members of the public that purchase such fake vaccines are at risk of serious health hazards. “With criminal groups producing, distributing and selling fake vaccines, the risks to the public are clear: these can include buying a product which not only does not protect against COVID-19, but poses a serious health hazard if ingested or injected. Such products are not tested, regulated or safety-checked,” the statement read. “Legitimate vaccines are not for sale. They are strictly administered ...

Zimbabwe president gets coronavirus vaccine dose, urges citizens not to hesitate

Zimbabwe’s President Emmerson Mnangagwa and some opposition politicians received China’s Sinovac Covid-19 vaccine in the tourist resort of Victoria Falls on Wednesday as part of efforts to encourage citizens to get inoculated. Zimbabwe has registered vaccines from China, India and Russia for emergency use but none so far from Western manufacturers. In a country where suspicion and scepticism often trump facts, Mnangagwa’s vaccination at a public event, together with opposition leaders, was meant to assure citizens that the vaccines were safe. The southern African nation had planned to administer the Sinopharm vaccine to 53 000 health workers and selected security forces when it rolled out the first phase of its programme on 18 February, but only 44 135 people had been vaccinated by Tuesday...