Author: Chronicle Editor

The Minister of Transportation, Rotimi Amaechi, yesterday said that the Federal Government requires the sum of $656million to complete work on the Lagos-Ibadan railway project. Amaechi, who spoke while defending the 2021 budget of the ministry before the National Assembly Joint Committee on Land and Marine Transport, said the amount is needed to put in place necessary infrastructures for the project to serve its intended purpose. He said that the Ibadan-Kano railway project also required an injection of $645.3million as advance payment to enable the Federal Government complete its loan-signing agreement with the China Exim Bank. Amaechi said: “Under the…

A Federal High Court sitting in Abuja has authorised the Central Bank of Nigeria (CBN) to freeze the accounts of 20 #EndSARS promoters with immediate effect. The accounts are domiciled in Access Bank, Guaranty Trust Bank, Fidelity Bank, First Bank, United Bank for Africa, and Zenith Bank. The Lagos State Judicial Panel of Enquiry set up in the aftermath of the violence sparked by the #EndSARS protests on Friday granted counsel to three #EndSARS protesters access to a surveillance video which captured the October 20 shooting at the Lekki toll gate in Lagos. Granting the prayers of Central Bank Governor…

White House chief of staff Mark Meadows has tested positive for Covid-19, officials have told United States media. It was not immediately clear how Mr Meadows – who has often appeared at public events without a face mask – was infected. He is the latest Trump administration official to contract the disease, which has killed some 230,000 Americans. On Friday, the US set a third straight daily record for new cases, with more than 127,000 infections. The country’s coronavirus outbreak was a key policy battleground in the run-up to the 3 November election, and contributed to a surge in postal…

We don’t know – still – who the next US president will be, but we do know who it won’t be in the White House come January 2021 – Kanye West. The 43-year-old rapper has conceded after his self-styled “Birthday Party” collected just 60,000 votes out of an estimated total of 160 million. Another independent, Libertarian Jo Jorgensen, made a much stronger showing – claiming more than 1.5 million votes. But Kanye West’s political career may not be over yet. He tweeted “Kanye 2024” this week, signalling another bid to come. In this first presidential attempt, West appeared on the…

Joe Biden has again said he is confident of victory as he inches closer to beating Donald Trump after Tuesday’s US presidential election. The Democratic challenger now has 253 of the 270 Electoral College votes needed to clinch the White House under the state-by-state US voting system. The former Vice President also leads vote counts in the battlegrounds of Georgia, Nevada, Pennsylvania and Arizona. A Biden win would see Mr Trump leave office in January after four years. What did Biden say? “We’re going to win this race,” Mr Biden told supporters in Wilmington, Delaware, on Friday night, striking an…

Viewers on DStv and GOtv are about to experience exciting live sporting events and shows on ESPN and ESPN 2 from Saturday 7 to Thursday 12 November 2020. Top on the line up of events is the Saturday Rugby World Tens 2020 with the semi-finals and final of the tournament showing LIVE on ESPN (DStv channel 218 and GOtv Max channel 36) at 6:30pm, 7:00pm and 9:00pm respectively while ESPN 2 (DStv channel 219) will feature the playoff on the same Saturday afternoon, with three matches in succession at 3:30pm, 4:00pm and 5:30pm. Representing the Seattle Seawolves, Ben Cima is…

The oil and gas business is big money business and not for the faint hearted. Before 1993, the game was reserved for the big players, the IOCs like Shell, Mobil, Total, Agip, Chevron among others. However, in 1993, Professor Jubril Aminu changed the equation when he opened up space for two Nigerian entrepreneurs to play. In November1990, Professor Aminu awarded oil blocks to 11 Nigerian entrepreneurs on a discretionary basis. He was convinced that Nigerians had worked long enough with the IOCs and gained enough experience to run their oil and gas businesses. That discretionary bid round led to the…

Democratic candidate Joe Biden has pulled ahead of Donald Trump in Pennsylvania, voting data shows in the key state in the US presidential race. This comes after he took the lead in Georgia leaving Trump with almost no path to win the election. As at the time of this report, Biden had 3,295,304 votes Trump’s 3,289,717 with five per cent of the votes to be counted. With its 20 electoral college votes, Biden with 253 electoral college votes will surpass the 270 required. In Georgia, according to the most recent data, Biden is leading Georgia by more than 1,000, with 99% of…

Deal To Deliver Significantly Increased Access to Electricity in Nigeria Represents Further Example of Transcorp’s Mission of Improving Lives and Transforming Nigeria Transcorp Consortium is pleased to announce the 100% acquisition of the 966MW installed capacity Afam Power Plc and Afam Three Fast Power Limited (jointly referred to as “Afam GenCo”), at an acquisition cost of N105.3bn. The announcement was made at the State House, Abuja on Thursday, November 5, 2020, during the signing ceremony between the Federal Government, represented by His Excellency, the Vice President of Nigeria, Professor Yemi Osinbajo, SAN and Transcorp Consortium represented by the Chairman of…

President Donald Trump has accused Democrats of voting “shenanigans” as the result from Tuesday’s White House election hangs in the balance. His Democratic challenger Joe Biden earlier appealed for calm as the nail-biting count drags on in five states. While clinging to wafer-thin leads in Nevada and Arizona, Mr Biden has been chewing into the Republican president’s edge in Pennsylvania and Georgia. The cliff-hanger follows one of the bitterest campaigns in living memory. The election is projected to have generated the highest turnout since 1900. Mr Biden has so far pulled in well over 73 million votes, the most ever…