by Ugodre A bridge loan is a short term financing facility offered to a borrower before he obtains permanent funding for the finance of a project. Funds from bridge finance are therefore expected to be repaid when permanent funding has been obtained. Bridge Financing is mostly utilised for big real estate projects or projects requiring... Read More
by Stanley Azuakola In line with tradition, another committee, this time a ministerial committee, has been constituted by President Jonathan to produce a white paper on the report of the Presidential Committee on the Re-organization of the Nigeria Police Force. On Tuesday, the Parry Osayandeled committee submitted its report to the president. Among other things,... Read More
by Akan Ido Koffi Olomide, one of Africa’s most popular music exports was yesterday arrested in Congo DRC after a fracas in a Kinshasa hotel. Olomide, 56, was promptly arraigned before a magistrate court in the country’s capital and charged with assault. He was reported to have been represented by over ten lawyers. Many of... Read More
by Akan Ido The Wikileaks founder, Julian Assange has been granted asylum by the Ecuadorian government. Assange had taken to the South-American country’s embassy since June while fighting his extradition from the United Kingdom to Sweden. Mr. Assange is wanted in Sweden to answer to assault and rape charges. The Ecuador Foreign Minister, Ricardo Patino,... Read More
While Ryan Lochte is getting smashed and letting Swedish long jumpers try on his diamond grille, some Olympic athletes were quietly planning how to slip away from the Olympic village and request political asylum in London. The Olympic flag-bearer for Eritrea, 18-year-old Weynay Ghebresilasie, revealed to The Guardian Wednesday that he claimed political asylum in... Read More
by Doyin Jaiyesimi It was the turn of the Niger Delta as the Nigeria’s Got Talent train moved to the cities of Port Harcourt, Warri, and Benin on the 9th, 11th and 13th of August respectively, as auditions for Season 1 of the talent hunt reality TV show continues. Throngs of Nigerians, young and old,... Read More
Mr. Lawrence Uagbale, a 30-year-old man was arraigned before an Apapa Magistrate’s Court in Lagos for allegedly beating his father. Uagbale Samsom, who resides at House 15, B Close, 511 Road, Festac Town, was brought before Magistrate A.K. Shonubi on a three-count charge of intent to commit felony, stealing and assault. Prosecuting Sergeant Uche Kalu... Read More
To be a champion, an individual must possess ability, belief, dedication and perseverance. This is why champions are rare and celebrated with such gusto. In 1968 Anne Burke approached Eunice Kennedy Shriver with an idea to organize an athletic competition for people with... Read More
by Stanley Azuakola Critics are still criticising; but the Bayelsa State government, under the leadership of Governor Seriake Dickson, is marching ahead. In less than two weeks, the Bayelsa State government has proposed the adoption of a state flag, anthem and coat of arms; the state assembly has given it accelerated hearing and passed it;... Read More
by Isi Esene Mr. Saliu Busari of 9, Akewusola St., Agege, Lagos has been accused of displaying uncontrolled jealousy after 29 years of marriage to Kudirat Busari. Reports say Kudirat dragged him to a Grade A Customary Court, Alagbado, Lagos on Tuesday, complaining that her husband is fond of beating her whenever he sees her talking... Read More
by Isi Esene There is panic among residents of parts of the Federal Capital Territory, Abuja, as the FCT minister, Senator Bala Mohammed, has maintained that there is no going back on the planned demolition of 10,287 structures which were found to be violating the Abuja master plan. Many affected residents are stranded and desperate... Read More
by Akan Ido Forward ever… The minister of Sports, Mallam Bolaji Abdullahi, has revealed that Nigeria will be aiming for five gold medals in the next Olympics in Rio de Janeiro, Brazil. He also said President Goodluck Jonathan has ordered an early preparation for the games coming in 2016. The Nigerian contingent to the just... Read More
A pregnant lady was killed while two others were injured in Lagos on Wednesday after an Iddo- bound train rammed into a J5 bus with number plate XE 899 FGG at a train crossing at Ikeja. PUNCH Metro learnt that the white commercial bus, which was coming from Oshodi did not stop at the railway... Read More
by Adeniyi Abdul No stranger to controversy (and that’s putting it mildly), rapper, or if you’d like to use the title she prefers, ‘vocalist’ Azealia Banks has found herself, well a particular picture of herself, banned in seven countries. The photo above is of the musician posing with exactly what it looks like – an... Read More
by Hauwa Gambo All in day’s job? The Federal Government, yesterday withdrew, $1bn (N155bn) from the nation’s Excess Crude Account. The money is to be shared among federal, state, and local governments. According to reports, the minister of State for Finance, Dr. Yerima Ngama, said the amount is to enable states to have liquidity to... Read More
by Akan Ido The Kogi State commissioner of Police, Mohammadu Katsina, and the former chairman of DAAR Communications, Mr. Tom Adaba, have absolved the militant group, Boko Haram, from the attack which recently took place at a Deeper Life Bible Church at Otite, near Okene, which claimed 20 lives. Adaba viewed the attack as the... Read More
by ‘Ifreke Inyang We started the YNaija EPL Countdown with our top 5 signings of the summer. We are basically making our predictions, for what already promises to be yet another spectacular season of football. Football is all about goals. Plenty of them. Who are those players that we think will top the scoring charts... Read More
by Akan Ido Zaaki Azzay, the torchlight carrying Hausa rap sensation of the nineties (yes, we couldn’t resist), has been accused by his wife of incessant battery. His wife Hadiza, who spoke with the blogger Linda Ikeji, said he was fond of beating her up for minor disagreements. She said she had even lost consciousness... Read More
by Doyin Jaiyesimi He revolutionised computers, now he wants to revolutionise toilets. Last year, Bill Gates, through the Bill and Melinda Gates Foundation raised a challenge to universities across the world to create a new toilet which will help improve worldwide sanitation. Universities came up with different innovative ideas and the foundation has now announced... Read More
by Adeniyi Abdul Nigeria may have come back from the Olympics empty-handed, but Lagos State might just have made up for it with this latest achievement which sees the city clinching third place on the list of least liveable cities in the world. The Economic Intelligence Unit has released results of its 2012 Global Liveability... Read More
The almost-always funny, yet incredibly bold Joan Rivers is doing what she does best: Getting attention. Rivers protested outside a Costco store this week because she was angry that the company had decided not to carry and sell her new book. Holding up a megaphone at the Los Angeles location, Rivers announced that “I am... Read More
Remember Joe the Plumber? Well, he wasn’t actually a plumber since he wasn’t licensed, more like some random unemployed guy. But he was the guy who asked then candidate Obama a question in 2008, which led to this answer from Obama, “…when you spread the wealth around, it’s good for everybody.” And of course, that... Read More
Black people are perpetually under more stress than other demographics in this country. Don’t believe me? Just look at our unemployment rate, which is double that of whites. But although stress has been linked to high blood pressure, which is a cause for heart disease, it has never before been linked to brain disorders... Read More
An off-duty police officer in Chicago killed a man on Saturday night after a fight that ensued after the man’s 4-year old daughter had been injured by the officer’s motorcycle. The officer was going home on Saturday night when he claims that 4-year old Taniyah Middleton got in the way of his bike. He says... Read More
Olympic champion Bruce Jenner, who won the decathlon 35 years ago says that Usain Bolt is out of his mind. Jenner made the comments after hearing Bolt declare himself as the greatest athlete of all time. Jenner is known for winning the decathlon in the 1976 Olympics and says that Bolt doesn’t know the first... Read More
According to theybf: Though fans were buzzing about the announcement that Timbaland and Missy would be involved in the upcoming Aaliyah project, based on what the production company said, a rep for Missy has dispelled those rumors. Mona Scott-Young, reality show producer and Missy’s longtime manager, said, “Although Missy and Timbaland always strive to keep the memory... Read More
He only came out of his bedroom to use the bathroom, to pick up some snacks in the kitchen, and to take a quick shower. Otherwise, 15-year-old Tyler Rigsby was locked in his bedroom, absorbed in an alternate reality: Xbox’s Modern Warfare 3. His mom says he was in there for at least four days.... Read More
You’ve finally quit smoking; now get crackin’at losing the eggs. That’s if you put any credence in the conclusions of a Western University study that states yolks “accelerate” atherosclerosis — coronary artery disease — in a manner similar to cigarettes. Surveying more than 1,200 patients, Dr. David Spence, who led the study, found regular consumption... Read More