Uniben Student Produces Utility Vehicle

A doctorate student from the Faculty of Engineering, University of Benin, Igbinosa Eghosa, has produced a lightweight utility vehicle.

Eghosa of the Department of Production Engineering developed the vehicle under the supervision of Professor Akaehomen Ibhadode, who also led the team to present the vehicle to the University’s Management.

In a statement shared on the Facebook page of UNIBEN on Thursday, the developer opined that the lightweight truck will re-shape and power the growth of the nation’s transport and agriculture industries. He added that with adequate funding, the vehicle could be produced in large quantity as the design was capable of addressing transportation needs even in local communities.

On his part, the project supervisor pointed out that over 80 per cent of the materials used for the production of the truck was sourced locally.

Meanwhile, the Vice Chancellor, Professor Lilian Salami, praised the team for promoting local production and expressed the University’s readiness to partner with the Faculty in the production of some units of the vehicle for the Institution’s use.

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Fuel Scarcity: We Have 2 Billion Litres Available – NNPC

The Nigerian National Petroleum Company Limited says it has two billion litres of Premium Motor Spirit in stock.

This is contained in a statement issued by Executive Vice President, Downstream, NNPC Limited, Mr Adeyemi Adetunji; a statement coming amid the fuel scarcity ravaging the Country.

Adetunji said the stock of over two billion litres is equivalent to over 30 days of sufficiency.

The NNPC, he said, has programmed vessels and trucks to unconstrained depots while massive load-outs from depots to states are closely monitored to ease fuel queues.

“The recent queues in Lagos are largely due to ongoing road infrastructure projects around Apapa and access road challenges in Lagos.

“The gridlock is easing out and NNPC Ltd has programmed vessels and trucks to unconstrained depots and massive load outs from depots to states are closely monitored,” he said.

Aminu Adamu: Student Who Criticised Aisha Buhari Remanded In Suleja Prison

Aminu Adamu, the student of the Federal University, Dutse, who was arrested after criticising Nigerian First Lady, Mrs. Aisha Buhari, on Twitter, has been remanded at Suleja Prison in Niger State.

The student was remanded after he was arraigned at a court in Abuja.

Speaking with BBC Hausa, CK Agu, his lawyer, said the court refused to grant Adamu bail.

“Even in the court session yesterday, we notified the judge about the efforts made to have him released on bail, but we did not receive any reply from the police. We applied to the court to release the student on bail on health grounds and the fact that he will sit for the exam on 5, December. The court has ordered the police to provide the bail application before it for consideration between Tuesday and Wednesday,” Mr Agu was quoted to have said.

Fintech: Leveraging Covid-19 Pandemic For Future Gains

Fintech is the new application processes, products or business models in financial services, industries composed of one or more complementary financial services and provides end to end process via internet, the use of smartphones for mobile banking, investing services and crypto currency are examples of technologies aiming to make financial services more accessible to general public. Fintech companies consist of both start ups and established financial institution and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies.

Fintech is the technology and innovation that aims to compete with the traditional financial methods in the delivery of financial services. Fintech companies and Start-ups are adapting to the new Normal amidst COVID-19 pandemic most of them have the advantages of having built agile teams and systems, it's now a matter of their resilience and the relevance of their services.

Social distancing for example lends itself to mobile first of many, since people cannot go to bank to perform transactions alot of people go to their phones so we go to the new normal of using our which is Fintech.

Another outcome of Covid-19 maybe the acceleration of partnerships with financial institutions that offers benefits such as capital and infrastructure, but increasingly seek Innovative digital solutions, the Fintech are also better geared towards partnerships using Innovative tools and technology to do

Aisha Buhari Orders Police IG To Charge Nigerian Student To Court Over Tweet

The Inspector-General of Police, Usman Baba, has been ordered to charge to court, a student of the Federal University, Dutse, Aminu Adamu Muhammed, who was arrested for tweeting that the wife of President Muhammadu Buhari, Aisha, was feeding fat on poor people’s money, SaharaReporters has gathered.

According to a top police officer, Aisha asked the police to stop maltreating Muhammed but insisted he must be charged before a court of jurisdiction.

“The student was taken before IGP Baba Usman today (Monday) at the Force Headquarters,” the source told SaharaReporters.

“He will be charged to court; Aisha insisted she must be taken to the court to explain how she (Aisha) embezzled money. She has given an order to the IGP that the boy must be charged to court.”

Muhammed, a final-year student in the Department of Environmental Management and Toxicology, in June 2022 posted on Twitter that Mrs Buhari had suddenly added weight after taking part in plundering the nation’s meagre resources as the masses endured hardship under her husband’s regime.

The wife of the President is known for frivolous trips to Dubai.

The tweet, which was posted in Hausa reads: “Su mama anchi kudin talkawa ankoshi.”

The tweet, which was accompanied by a photograph of Mrs Buhari, loosely translates as “Mama has eaten poor people’s money and is now full”.

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$3 billion Monthly Under Jonathan, NNPC Now Remits Zero Dollar To CBN - Emefiele

Godwin Emefiele, the Central Bank of Nigeria’s governor, stated over the weekend that the official foreign exchange receipt from crude oil sales into Nigeria’s official reserves has depleted from over $3.0 billion monthly in 2014 to zero dollar today.

At the 57th annual bankers’ lecture sponsored by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos on Saturday, Mr Emefiele said there was a significant loss in foreign reserves due to the naira’s struggle and the rise in demand for forex.

The governor stated that a severe crisis in the Nigerian foreign exchange market is putting pressure on the country’s reserves and suppressing the value of the naira.

“The official foreign exchange receipt from crude oil sales into our official reserves has dried up steadily from above $3.0 billion monthly in 2014 to an absolute zero dollar today,” he said.

Music Director, TG Omori, Shoots Shey You Dey Whine Me Video

Music director, TG Omori, has fulfilled his promise to shoot a video for a viral song, 'Shey you dey whine me ni.’He shared a photo of himself with the singer, Austine Emmanuel, on his Twitter handle on Saturday, saying, “Everything is ok when you in front of my camera. December we attack. Shey you dey whine me ni!!!”

Omori had in October tweeted his desire to meet the singer and said that the viral song deserved to have a video shot by him. He tweeted, "I desperately need to meet that guy that sang that 'Shey you Dey whine me' song. That song deserves a TG OMORI video cos what?!!!”

Emmanuel also shared a video from the video shoot which he captioned, "On set with my boss #boy_director."

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