Billion – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sat, 29 Oct 2022 21:54:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Billion – InfoStride News https://www.theinfostride.com 32 32 Mark Zuckerberg’s Fortune Reduces By $11 Billion https://www.theinfostride.com/mark-zuckerbergs-fortune-reduces-by-11-billion/ https://www.theinfostride.com/mark-zuckerbergs-fortune-reduces-by-11-billion/#respond Sat, 29 Oct 2022 21:51:08 +0000 https://www.theinfostride.com/?p=335085 Mark Zuckerberg’s wealth has dropped a further $11 billion, meaning his net worth has now plummeted more than $100 billion in just 13 months. Recall that Meta reported a decline in revenue for the second consecutive quarter this week, and the company has struggled to come out on top after investing $70 billion into the [...]

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]]> https://www.theinfostride.com/mark-zuckerbergs-fortune-reduces-by-11-billion/feed/ 0 One billion dollars traded on Xmas week https://www.theinfostride.com/one-billion-dollars-traded-on-xmas-week/ https://www.theinfostride.com/one-billion-dollars-traded-on-xmas-week/#respond Sun, 26 Dec 2021 21:58:10 +0000 https://www.theinfostride.com/?p=315430 Nigeria recorded a transaction value of $1.1 billion in trades on the Investors and Exporters Window (I&E) where forex is sold officially. This is according to data on the FMDQOTC. Trading values on the I&E window has increased in recent weeks as the CBN continues to struggle to meet surging demand for forex by corporates [...]

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]]> https://www.theinfostride.com/one-billion-dollars-traded-on-xmas-week/feed/ 0 Muhammadu Sanusi Clears The Air On Misappropriation Of N3.4 billion https://www.theinfostride.com/muhammadu-sanusi-clears-the-air-on-misappropriation-of-n3-4-billion/ Sun, 09 Jun 2019 20:45:37 +0000 https://www.theinfostride.com/?p=234232 The Emir of Kano, Alhaji Muhammadu Sanusi II has responded to the query issued him by the Kano State Government over alleged misappropriation of N3.4 billion. The letter titled “Re-Report of the Kano State Public Complaints and Anti–Corruption Commission”, a copy of which was made available to the News Agency of Nigeria (NAN) on Saturday [...]

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]]> Investment In Nigeria’s Telecom Industry Is Presently $70bn – NCC https://www.theinfostride.com/investment-in-nigerias-telecom-industry-is-presently-70bn-ncc/ Thu, 23 May 2019 17:17:17 +0000 https://www.theinfostride.com/?p=233183 The Nigerian Communications Commission (NCC) has said the complete investment in the Nigerian telecom industry is presently estimated at $70 billion. The Executive Vice Chairman (EVC), NCC, Prof. Umar Danbatta revealed this on Thursday in Lagos, during the Nigerian Telecom Leadership Summit 2019. He revealed that the figures from the National Bureau of Statistics (NBS), [...]

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]]> We Did Not Give Miyetti Allah Any N100 Billion Gift – FG https://www.theinfostride.com/we-did-not-give-miyetti-allah-any-n100-billion-gift-fg/ Sun, 12 May 2019 16:19:37 +0000 https://www.theinfostride.com/?p=232596 The Presidency has referred to reports that FG gave N100 billion to Miyetti Allah, an association of Fulani herders, for suspicious reasons as “absolute falsehood.” Malam Garba Shehu, the President’s Senior Special Assistant on Media and Publicity, revealed this in a statement in Abuja on Friday. It was a reaction to words from Ohaneze Ndigbo [...]

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]]> I Will Shave My Beard For 36 Billion Naira – Timaya https://www.theinfostride.com/i-will-shave-my-beard-for-36-billion-naira-timaya/ Sun, 24 Mar 2019 11:04:34 +0000 https://www.theinfostride.com/?p=229749 Nigerian singer, Timaya has shared that the only reason he’d abandon beard gang is if he is given $100 million, which equals to 36 billion Naira. He disclosed to Punch that he only got rid of his dreadlocks because he felt it was the right time. His words, “Maybe $100m would make me shave off [...]

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]]> Atiku Abubakar Takes Buhari To Court, Demands 2 Billion Naira https://www.theinfostride.com/atiku-abubakar-takes-buhari-to-court-demands-2-billion-naira/ Tue, 19 Feb 2019 23:41:26 +0000 https://www.theinfostride.com/?p=227352 Alhaji Atiku Abubakar has sought help from High Court in Abuja, with a request for it to stop President Muhammadu Buhari and security agencies in the country from interfering with the general election. Atiku told the court to ensure it is compulsory for Buhari to pay him for damages up till N2 billion, as well [...]

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]]> EFCC Has Recovered More Than N540 billion Through The Whistleblower Policy – Lai Mohammed https://www.theinfostride.com/efcc-has-recovered-more-than-n540-billion-through-the-whistleblower-policy-lai-mohammed/ Thu, 29 Nov 2018 01:11:20 +0000 https://www.theinfostride.com/?p=222019 Lai Mohammed says the Economic and Financial Crimes Commission (EFFC) under President Muhammadu Buhari has so far recovered over N540 billion through the Whistleblower Policy. The Minister disclosed this on Tuesday, November 27, 2018, at the 71st General Assembly of the Broadcasting Organisations of Nigeria (BON) in Port Harcourt, Rivers State. “To this end, as [...]

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]]> FG Set To Pay 71 Billion As Outstanding Counterpart Fund To UBEC – Hamid Bobboyi https://www.theinfostride.com/fg-set-to-pay-71-billion-as-outstanding-counterpart-fund-to-ubec-hamid-bobboyi/ Mon, 05 Nov 2018 01:24:38 +0000 https://www.theinfostride.com/?p=220200 The Executive Secretary, Universal Basic Education Commission (UBEC), Dr Hamid Bobboyi, has said that the Federal Government would pay N71.29 billion directly to the commission being the outstanding counterpart funds. Bobboyi made this disclosure in an interview with the News Agency of Nigeria (NAN) on Friday in Abuja. According to him, the Federal Government will [...]

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]]> I Have Spent More Than N200 Billion On Infrastructure – Abiola Ajimobi https://www.theinfostride.com/i-have-spent-more-than-n200-billion-on-infrastructure-abiola-ajimobi/ Fri, 02 Nov 2018 21:18:03 +0000 https://www.theinfostride.com/?p=220015 Abiola Ajimobi of Oyo State says his administration has expended more than N200 billion on infrastructure to make the state attractive to investors. The governor made the disclosure on Thursday during the official inauguration of Impact Africa Television (IATV) held at Theophilus Ogunlesi Hall, University College hospital (UCH) in Ibadan. The News Agency of Nigeria [...]

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]]> Drake’s Album Has Crossed The One Billion Mark In Total Streams – Republic Records https://www.theinfostride.com/drakes-album-has-crossed-the-one-billion-mark-in-total-streams-republic-records/ Sat, 14 Jul 2018 06:48:03 +0000 https://www.theinfostride.com/?p=210970 “Yesterday” a longstanding record from The Beatles felt the sting of a “Scorpion.” Drake’s “Scorpion” album set a record by posting seven simultaneous singles on Billboards Top 10. That toppled The Beatles record of five singles set in 1964. Billboard notes the band remains “the only act to monopolize the Hot 100’s entire top five [...]

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]]> Drake’s New Album Titled “Scorpion” Hit 1 Billion Streams Globally https://www.theinfostride.com/drakes-new-album-titled-scorpion-hit-1-billion-streams-globally/ Mon, 09 Jul 2018 17:58:58 +0000 https://www.theinfostride.com/?p=210511 The superstar’s new album rewrites the mark for the most streams globally in a seven-day period. Drake’s new set Scorpion has become the first album to hit 1 billion streams globally across all streaming platforms in a single week, industry sources have confirmed to Billboard. In all, Scorpion’s tracks accumulated more than 1 billion streams [...]

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]]> I Am Thinking About Making A Billion – Davido https://www.theinfostride.com/i-am-thinking-about-making-a-billion-davido/ Sun, 22 Apr 2018 01:19:15 +0000 https://www.theinfostride.com/?p=205354 Davido has denied the rumours going around that he is planning to marry his girlfriend, Chioma Avril over her cooking skills. The music star made this known while granting an interview with Beats FM in Lagos. When asked about the rumour going on about him marrying a lady called Chioma because of her cooking, he [...]

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]]> House of Representatives Set To Investigate Missing N17 Billion https://www.theinfostride.com/house-of-representatives-set-to-investigate-missing-n17-billion/ Sun, 15 Apr 2018 20:32:40 +0000 https://www.theinfostride.com/?p=204908 The House of Representatives has summoned The House of Representatives has summoned the Vice President, Yemi Osinbajo, for ‘illegally suspending’ some directors at the National Emergency Management Agency (NEMA). Osinbajo chaired the governing board which suspended the directors. The House committee on emergency and disaster management took this decision during its sitting on Thursday, April [...]

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]]> Restructuring Our Health System Would Require N158 Billion – El Rufai https://www.theinfostride.com/restructuring-our-health-system-would-require-n158-billion-el-rufai/ Fri, 06 Apr 2018 07:39:00 +0000 https://www.theinfostride.com/?p=204372 Kaduna State Government has said it will require up to 65.5 billion dollars to address the state’s infrastructure challenges over the next 30 years. El Rufai stressed that the long term infrastructure master plan summarised the infrastructure target of the state aimed at providing job opportunities and making lives better for the people. “The breakdown [...]

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]]> N14 billion Was Spent On Agriculture In 2014 – Yemi Osinbajo https://www.theinfostride.com/n14-billion-was-spent-on-agriculture-in-2014-yemi-osinbajo/ Wed, 21 Mar 2018 20:49:49 +0000 https://www.theinfostride.com/?p=203120 Yemi Osinbajo has revisited the alleged massive corruption that characterized the administration of former president Goodluck Jonathan. He accused Jonathan and his cronies of sharing N150 billion two weeks before the 2015 election. Osinbajo disclosed this during the 7th presidential quarterly business forum for private sector stakeholders which held at the old banquet hall of [...]

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]]> $1b Is Not Enough To End Boko Haram – Ali Ndume https://www.theinfostride.com/1b-is-not-enough-to-end-boko-haram-ali-ndume/ Sat, 23 Dec 2017 23:50:29 +0000 http://www.theinfostride.com/?p=193825 Senator Ali Ndume has said that $1b is too small fund the fight against Boko Haram. The Nigerian Governors’ Forum (NGF) had earlier approved the withdrawal of $1b to be used in the fight against the sect. The Senator also said that the money is too small, compared to the level of destruction in the [...]

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]]> Obasanjo Left About 65 Billion Dollars For GEJ – Rotimi Amaechi https://www.theinfostride.com/obasanjo-left-about-65-billion-dollars-for-gej-rotimi-amaechi/ Thu, 14 Dec 2017 08:44:33 +0000 http://www.theinfostride.com/?p=192685 Rotimi Amaechi has said that ex-President Goodluck Jonathan’s administration did not leave any money for President Buhari. “When Obasanjo was leaving, he left about 65 billion dollars in the Excess Crude Account, but this money was frittered away and we wonder where the money is. “As at then, the price of crude oil during the [...]

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]]> $15billion Was Used For Defence Contract That Was Unaccounted For Under GEJ – Yemi Osinbajo https://www.theinfostride.com/15billion-was-used-for-defence-contract-that-was-unaccounted-for-under-gej-yemi-osinbajo/ Tue, 31 Oct 2017 13:33:43 +0000 http://www.theinfostride.com/?p=187074 Yemi Osinbajo has revealed that former President Goodluck Jonathan spent N100bn, $295m cash in 14 days. According to the Vice-President, the massive looting during Jonathan’s administration led to the recession in the economy. Osinbajo also said “The theft of resources in this country is the first and primary reason for our poverty. “That is why [...]

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]]> Nigerian Citizens Look Up To PDP – Gbenga Daniel https://www.theinfostride.com/nigerian-citizens-look-up-to-pdp-gbenga-daniel/ Sat, 21 Oct 2017 09:37:20 +0000 http://www.theinfostride.com/?p=186100 Otunba Gbenga Daniel has said Nigeria has become more corrupt and divided under the All Progressives Congress (APC) led federal government. He said: “It is disquieting that the APC led government claim to focus on fighting corruption, while facts on the ground suggests that Nigeria has become worse off and sinking low even in graft. [...]

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]]> Ryan Giggs Would Be Worth £2 Billion Now – Roy Keane https://www.theinfostride.com/ryan-giggs-would-be-worth-2-billion-now-roy-keane/ Thu, 31 Aug 2017 07:43:53 +0000 http://www.theinfostride.com/?p=180362 Roy Keane says former Manchester United teammate Ryan Giggs would be worth £2 billion in today’s “mind-boggling” transfer market as clubs now pay massive fees for several “average” players. Keane expressed his shock at some of the numbers been thrown around, with Paris Saint-Germain paying out a whole €222 million for Neymar and preparing to [...]

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]]> Michael Kors Buys “Jimmy Choo” Brand For $1.2 Billion https://www.theinfostride.com/michael-kors-buys-jimmy-choo-brand-for-1-2-billion/ Sun, 30 Jul 2017 19:25:50 +0000 http://www.theinfostride.com/?p=176063 Michael Kors acquires luxury shoemaker Jimmy Choo for $1.2 billion/£896m! The American luxury fashion brand (Michael Kors) is set to acquire the British high fashion brand (Jimmy Choo) known for its stiletto heels and accessories made popular by top celebrities. Michael Kors who has been struggling in recent times with sales decline reportedly won the [...]

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]]> Kogi State Government Releases Two Billion Naira To LGs https://www.theinfostride.com/kogi-state-government-releases-two-billion-naira-to-lgs/ Sun, 30 Jul 2017 11:08:35 +0000 http://www.theinfostride.com/?p=175957 Kogi Government has released N2 billion to the 21 local government councils in the state as their share of the N6.2 billion of the Paris Club refund the state received from the Federal Government. A statement issued in Lokoja on Saturday by the Commissioner of Finance, Mr Idris Ashiru, said the government’s share of the [...]

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]]> Yemi Osinbajo Requests NASS Approval For N135.6 Billion https://www.theinfostride.com/yemi-osinbajo-requests-nass-approval-for-n135-6-billion/ Fri, 21 Jul 2017 02:30:21 +0000 http://www.theinfostride.com/?p=172988 Acting President Yemi Osinbajo has asked the National Assembly to approve a transfer proposal of N135.6bn from the 2017 budget. Osinbajo asked for the total sum of N135,643,018,749 to implement “some critical priority items for which adequate provisions had not been made in the 2017 Appropriation Act.” The Acting President sent a 4-page letter, dated [...]

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]]> We Are Losing Billions Daily To Bad Roads In Apapa – Dangote https://www.theinfostride.com/we-are-losing-billions-daily-to-bad-roads-in-apapa-dangote/ Thu, 29 Jun 2017 06:52:52 +0000 http://www.theinfostride.com/?p=170048 Africa’s richest man and the Chairman of Dangote Industries Limited, Aliko Dangote has revealed that Nigerian economy is losing an estimated N20 billion on a daily basis to the bad roads around Apapa, Lagos. Dangote disclosed this fact during a chat with the journalists in Lagos on Tuesday, June 2017. He categorically stated that the [...]

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]]> Fashola’s Aide Denies Alleged N166 Billion Contract Mess https://www.theinfostride.com/fasholas-aide-denies-alleged-n166-billion-contract-mess/ Thu, 26 Jan 2017 00:25:32 +0000 http://www.theinfostride.com/?p=154961 Hakeem Bello, the special adviser on communications to Minister of Power, Works and Housing, Babatunde Fashola has denied reports alleging his involvement in a N166 billion contract. In a statement by Bello on January 25, 2017, the Minister’s media aide outrightly denied the allegation as reported by Premium Times. Bellow said examining the report published [...]

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]]> Justin Bieber Hit 1 Billion Views Again https://www.theinfostride.com/justin-bieber-hit-1-billion-views-again/ Wed, 18 May 2016 23:43:12 +0000 http://www.theinfostride.com/?p=129098 Justin Bieber’s ‘What do you mean’ visual work has hit over a billion Vevo views. Musicians who’ve crossed the milestone on the global video sharing website include Psy – ‘Gangnam Style’, Adele – ‘Hello’, Wiz Khalifa – ‘See You Again’, and Sia – ‘Chandelier’. Others are Taylor Swift for ‘Blank Space’ and ‘Shake It Off’, [...]

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]]> No Implementation Plan For N500bn Intervention Fund – Senate https://www.theinfostride.com/no-implementation-plan-for-n500bn-intervention-fund-senate/ Sat, 05 Mar 2016 00:51:33 +0000 http://www.theinfostride.com/?p=121939 Implementation of N500 billion intervention fund contained in the 2016 budget proposal will not be feasible since there are no clear implementation strategies, the joint committee on Appropriation has said. The chairman, Senate Committee on Appropriation, Sen. Danjuma Goje, made the statement on Thursday in Abuja. He spoke at an interactive session with Ministry of [...]

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]]> Gabriel Suswam Asked To Refund Stolen N3bn https://www.theinfostride.com/gabriel-suswam-asked-to-refund-stolen-n3bn/ Tue, 01 Mar 2016 12:51:12 +0000 http://www.theinfostride.com/?p=121712 Former governor of Benue State, Gabriel Suswam has been asked to refund over N3billion, which he allegedly stole from the state coffers when he served as Governor between 2007 and 2015, SaharaReporters reports. The recommendation was said to have been made by a panel of inquiry – a six-man commission, headed by Justice E.N Kpojime, [...]

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]]> Sokoto State Government Receive N6B As Revenue In 2015 https://www.theinfostride.com/sokoto-state-government-receive-n6b-as-revenue-in-2015/ Wed, 24 Feb 2016 11:44:54 +0000 http://www.theinfostride.com/?p=121252 The Sokoto State Board of Internal Revenue said on Wednesday that it had collected about N6 billion as internally generated revenue in 2015. Chairman of the board Alhaji Musa Maccido, told the News Agency of Nigeria (NAN) in Sokoto that much would have been collected if the businessmen community had paid their taxes. He said [...]

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]]> World Data Analytics Outsourcing Market is Expected to Reach $5.9 Billion, by 2020 – Allied Market Research [Press Release] https://www.theinfostride.com/world-data-analytics-outsourcing-market-is-expected-to-reach-5-9-billion-by-2020-allied-market-research-press-release/ Sat, 13 Feb 2016 18:37:25 +0000 http://www.theinfostride.com/2016/02/world-data-analytics-outsourcing-market-is-expected-to-reach-5-9-billion-by-2020-allied-market-research-press-release/ World Data Analytics Outsourcing Market is Expected to Reach $5.9 Billion, by 2020 – Allied Market Research The world data analytics outsourcing market is expected to reach $5.9 billion by 2020, registering a CAGR of 29.1% during 20152020. Portland, OR, February 12, 2016 –(PR.com)– According to a new report published by Allied Market Research titled, [...]

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]]> Ministry Of Defence To Pay N10.6Bn Compensation https://www.theinfostride.com/ministry-of-defence-to-pay-n10-6bn-compensation/ Mon, 01 Feb 2016 13:29:06 +0000 http://www.theinfostride.com/?p=119647 Nigeria’s Ministry of Defence is to pay the total sum of N10.6 billion arising from court judgment, the Permanent Secretary, Samaila Aliyu has said. Samaila told Senate Committee that the Ministry of Defence need to compensate people and organizations that won court cases against them adding that the money is put at N10.6 billion. The [...]

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]]> Barca Targets One Billion Euro Goal https://www.theinfostride.com/barca-targets-one-billion-euro-goal/ Fri, 11 Dec 2015 18:41:13 +0000 http://www.theinfostride.com/?p=112081 Barcelona are aiming to become the world’s highest earning club in the next six years and are determined to compete with England’s Premier League on that front, club president Josep Maria Bartomeu said in an interview published Friday. The Spanish giants will make about 600 million euros ($658 million) in 2015 but Bartomeu told the [...]

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]]> FG Set To Pay 413 Billion Naira Subsidy Debt https://www.theinfostride.com/fg-set-to-pay-413-billion-naira-subsidy-debt/ https://www.theinfostride.com/fg-set-to-pay-413-billion-naira-subsidy-debt/#comments Thu, 05 Nov 2015 09:05:52 +0000 http://www.theinfostride.com/?p=105676 The Federal Government has approved the payment of N413 billion to petroleum products marketers in the country, being the outstanding payment for subsidy claims‎, although marketers insisted they are owed about N470 billion. The Nigerian National Petroleum Corporation (NNPC) in a statement in Abuja, also said it has injected additional volumes of Premium Motor Spirit, [...]

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]]> https://www.theinfostride.com/fg-set-to-pay-413-billion-naira-subsidy-debt/feed/ 1 Nigeria’s National Lottery Regulatory Commission Makes 5billion Naira In 10 years https://www.theinfostride.com/nigerias-national-lottery-regulatory-commission-makes-5billion-naira-10-years/ Sat, 31 Oct 2015 16:47:03 +0000 http://www.theinfostride.com/?p=104564 The National Lottery Regulatory Commission (NLRC) says it has remitted more than N5 billion to the National Lottery Trust Fund (NLTF) in the past 10 years of its operation for execution of people-oriented projects. The Director General of the Commission, Mr. Adolphus Ekpe, disclosed this yesterday, in Abuja, during the 2015 Lottery Achievers Award, to [...]

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]]> We’ll Need 233 Billion Naira To Rebuild North-East – FG https://www.theinfostride.com/well-need-233-billion-naira-to-rebuild-north-east-fg/ Wed, 28 Oct 2015 20:16:26 +0000 http://www.theinfostride.com/?p=104076 The sum of 233 billion naira is required to reconstruct and rehabilitate the states of the North-East destroyed by the activities of the Boko Haram sect, the Federal Government said on Tuesday. The revelation came on the heels of the declaration by the Vice President, Prof. Yemi Osinbajo that many of the Boko Haram insurgents were [...]

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]]> Bonny Kingdom To Receive 3bn Naira Annually From NLNG For Community Development https://www.theinfostride.com/bonny-kingdom-to-receive-3bn-naira-annually-from-nlng-for-community-development/ Sun, 04 Oct 2015 16:18:34 +0000 http://www.theinfostride.com/?p=101914 Bonny Kingdom in Rivers State will receive N3 billion annually from the Nigeria Liquefied Natural Gas (LNG) Limited under a new agreement signed between the company and Shell Petroleum Development Company (SPDC) which transfers responsibility of driving sustainable community development from the corporate organisations to the community. As part of the memorandum of understanding (MoU) [...]

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]]> Reality Check: Exposing Popular Misconceptions about the African Continent https://www.theinfostride.com/reality-check-exposing-popular-misconceptions-about-the-african-continent/ Sat, 03 Oct 2015 22:55:38 +0000 http://www.theinfostride.com/?p=101840 Reality Check: Africa is not a country Do you speak African? Well, neither do the 1 billion people on the continent. Africa is home to 54 different nations, more than 2,000 languages and four of the world’s 10 fastest growing economies, but is often painted with a sweeping stroke of doom and gloom. In this [...]

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]]> 373bn Naira Used To Settle Severance Allowance Of Former PHCN Staff – BPE https://www.theinfostride.com/373bn-naira-used-to-settle-severance-allowance-of-former-phcn-staff-bpe/ Thu, 01 Oct 2015 00:56:47 +0000 http://www.theinfostride.com/?p=101492 The Bureau of Public Enterprises (BPE) said N373.38 billion had been spent so far to settle former workers of the defunct Power Holding Company of Nigeria (PHCN). The Head, Public Communications of BPE, Mr Alex Okoh, announced this on Wednesday in Abuja in an interview with the News Agency of Nigeria (NAN). He said out [...]

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]]> Bailout Fund: Governor Fayose Laments Dwindling IGR, Says FG Released Only N9.6b Out Of N29b For Ekiti State https://www.theinfostride.com/bailout-fund-governor-fayose-laments-dwindling-igr-says-fg-released-only-n9-6b-out-of-n29b-for-ekiti-state/ Wed, 30 Sep 2015 14:00:06 +0000 http://www.theinfostride.com/?p=101394 Ekiti State Governor Ayodele Fayose has clarified that the state only got N9.6 billion out of the over N29 billion it applied for in the Federal Government’s bail-out funds for states. Speaking on Monday in Ikogosi-Ekiti during the opening ceremony of a two-day retreat for commissioners, permanent secretaries and heads of agencies, Fayose also said [...]

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]]> Bayelsa > Why We Won’t Draw Share Of FG Bailout Funds – Governor Dickson https://www.theinfostride.com/bayelsa-why-we-wont-draw-share-of-fg-bailout-funds-governor-dickson/ Wed, 23 Sep 2015 22:42:02 +0000 http://www.theinfostride.com/?p=100713 Bayelsa State government says it will not draw its share of the 222 billion naira approved by the Central Bank of Nigeria (CBN) for states to clear outstanding workers’ salaries. The News Agency of Nigeria (NAN) reported that CBN has approved N12.85 billion for the state. So far, only 19 states have drawn from the [...]

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]]> Cisco Reports Fourth Quarter and Fiscal Year 2015 Earnings | #Press Release https://www.theinfostride.com/cisco-reports-fourth-quarter-and-fiscal-year-2015-earnings-press-release/ Wed, 12 Aug 2015 20:05:00 +0000 http://www.theinfostride.com/2015/08/cisco-reports-fourth-quarter-and-fiscal-year-2015-earnings-press-release/ SAN JOSE, CA–(Marketwired – Aug 12, 2015) – Cisco (NASDAQ: CSCO) Q4 Revenue: $12.8 billion (increase of 4% year over year) Q4 Earnings per Share: $0.45 GAAP; $0.59 non-GAAP FY 2015 Revenue: $49.2 billion (increase of 4% year over year) FY 2015 Earnings per Share: $1.75 GAAP; $2.21 non-GAAP Q1 FY 2016 Revenue Guidance: 2% – [...]

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]]> Suswam’s Administration Diverted N48bn LG Funds To Private Accounts – Benue SSG | #Politics https://www.theinfostride.com/suswams-administration-diverted-n48bn-lg-funds-to-private-accounts-benue-ssg-politics/ Sun, 09 Aug 2015 20:15:05 +0000 http://www.theinfostride.com/2015/08/suswams-administration-diverted-n48bn-lg-funds-to-private-accounts-benue-ssg-politics/ More than N48 billion of local government funds went to private accounts during the 8-year tenure of governor Gabriel Suswam, the Benue state government has alleged. Secretary to the State Government Barr. Targema Takema said this on Saturday while speaking at a reception organized in his Honour by the Mbaiwoo Development Association in Buruku Local Government [...]

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]]> I Will Complete Multi-Billion Naira Zaria Water Project, El-Rufai Promises https://www.theinfostride.com/i-will-complete-multi-billion-naira-zaria-water-project-el-rufai-promises/ Fri, 20 Mar 2015 01:15:51 +0000 http://www.theinfostride.com/2015/03/i-will-complete-multi-billion-naira-zaria-water-project-el-rufai-promises/ The All Progressives Congress (APC) governorship candidate in Kaduna state, Malam Nasir El-Rufai, on Thursday said he will complete the Zaria Water Project that has been abandoned for years. The spokesperson for the Kaduna APC Campaign Council, Samuel Aruwan, disclosed this in a statement issued to journalists. The Zaria water Expansion project, is a regional [...]

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]]> Meet Jimmy Iovine, the $3.2 Billion Dollar Man https://www.theinfostride.com/meet-jimmy-iovine-the-3-2-billion-dollar-man/ Mon, 12 May 2014 18:12:53 +0000 http://www.theinfostride.com/?p=42154 Late last week the Financial Times reported that Apple is close to finalizing a $3.2 billion deal to acquire Beats Electronics.  The deal, which could be announced as early as this week, didn’t make sense to me at first. Why would Apple want to buy…

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]]> Virtual Insanity: Facebook Drops $2 Billion to Buy VR-Maker Oculus https://www.theinfostride.com/virtual-insanity-facebook-drops-2-billion-to-buy-vr-maker-oculus/ Thu, 27 Mar 2014 01:56:58 +0000 http://www.theinfostride.com/?p=31156 News broke moments ago that Facebook will spend $2 billion to acquire Oculus, the Kickstarted maker of the Rift, a virtual reality headset that’s had the gaming world talking for the last several months. While not as numerically huge as its $19 billion…

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]]> ‘We Received $6 Billion From NNPC’ – NPDC https://www.theinfostride.com/we-received-6-billion-from-nnpc-npdc/ Tue, 25 Feb 2014 17:53:01 +0000 http://www.theinfostride.com/?p=24467 The Nigerian Petroleum Development Company Limited, NPDC, has distanced itself from publications alleging that denied receiving the sum of US$6 billion from its parent company, Nigerian National Petroleum Corporation being proceeds from NPDC’s oil and gas operations. . In a press statement by Mr. Victor Briggs, Managing Director of NPDC; the company stated that “the [...]

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]]> WhatsApp Zuck: Facebook Buys WhatsApp for $19 Billion https://www.theinfostride.com/whatsapp-zuck-facebook-buys-whatsapp-for-19-billion/ Thu, 20 Feb 2014 06:36:42 +0000 http://www.theinfostride.com/?p=22711 About an hour ago, Mark Zuckerberg announced on his Facebook page that his company was buying WhatsApp, a cross-platform, non-SMS messaging app that’s gaining a million new users every day. According to a report from Reuters, Facebook is ponying up…

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]]> A Bid for Broadband Dominance: Comcast Agrees to Buy Time Warner Cable for $45 Billion https://www.theinfostride.com/a-bid-for-broadband-dominance-comcast-agrees-to-buy-time-warner-cable-for-45-billion/ Thu, 13 Feb 2014 20:05:15 +0000 http://www.theinfostride.com/?p=20676 Comcast has agreed to acquire Time Warner Cable Inc. for $45.2 billion in an all stock deal.  The acquisition would effectively combine the two largest U.S. cable companies, leaving many consumers and US regulators with questions.  The deal is somewhat…

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]]> Probe Missing $20 billion – SERAP To EFCC https://www.theinfostride.com/probe-missing-20-billion-serap-to-efcc/ Sun, 09 Feb 2014 19:59:02 +0000 http://www.theinfostride.com/?p=19085 The Economic and Financial Crimes Commission, EFCC, has been asked to commence an immediate investigation into allegations that $20 billion oil money is missing from the account of the Nigerian National Petroleum Corporation (NNPC). . In the petition by Socio-Economic Rights and Accountability Project (SERAP), it requested the commission to “urgently begin a thorough, transparent [...]

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