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CBN threatens to suspend accounts

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The Central Bank of Nigeria (CBN) on Tuesday threatened to suspend the account of any person hiding under the ECOWAS Trade Liberalisation Scheme to sabotage the federal government’s investment in reviving the palm oil sector.

The Governor of the Bank, Mr Godwin Emefiele, made this known during the inauguration of the Edo oil palm programme in Benin.

Emefiele also threatened that accounts of corporate entities including their cronies and supply chain enablers involved in smuggling palm oil and its products into the country would also be suspended, NAN reports.

He said the Nigerian palm oil industry was at a crossroad adding that, the economy continued to be threatened by inadequate local production and continued reliance on imports.

He noted that the CBN under its Oil Palm Development and Expansion Initiative, had so far disbursed over N30 billion to the oil palm sector.

He said the disbursement was being monitored to ensure efficient and effective utilisation and maximum output while oil majors and apex associations are being encouraged to adopt the Out-Grower Scheme.

According to him, faced with this stark reality, the CBN decided to intervene with a view to changing the narrative and to reposition agriculture as the mainstay of the Nigerian economy.

“The journey to revive the oil palm sector began with the discovery that over $500 million of our scarce foreign exchange was being expended on the importation of palm oil to meet identified unmet demand gap of 1.25 million metric tons.

“The country’s total domestic palm oil demand and consumption stood at 2.5 million with local production capacity of 1.25 million metric tons only,” he said.

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Big Dreams, is set to release his debut Single’s , ‘Vanity & Painful On January 26th

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Delta State Born Singer, Big Dreams, is set to release his debut album,My Way ‘,’Coming Soon.

With they announcement of his two singles which are set to be released on 26 January 2024.

In the digital era of Afrobeats, the music superstar, Big Dreams, has established a name for himself thanks to a succession of great singles and collaborations.

They man of they moment has done great works, therefore this album will set a pathway to Greatness.

The musician made this announcement via his Twitter account. He characterized the album as everything he desires and all he stands for.

 

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Legendary singer, Kathy Brown diagnosed with stage four lung cancer

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Legendary house music singer, Kathy Brown has been diagnosed with stage four lung cancer with the disease spreading to her brain.

The American singer, 63, known for songs including Turn Me Out (Turn to Sugar) and Strings of Life (Stronger on My Own) was diagnosed late last year after being admitted to ICU in her hometown of Charleston, South Carolina.

Doctors performed surgery to try and reduce swelling in Brown’s brain – with the star currently undergoing a course of radiotherapy and immunotherapy.

Kathy’s daughter Chanta Joyner has set up a GoFundMe to fund medical expenses and monthly bills for the family.

Chanta wrote: ‘As the news is only just sinking in we are already facing the harsh reality of what this means for my mother – not only the physical and medical challenges but also the many financial ones.

‘Like most artists who have devoted their careers to dance music, without being able to perform LIVE there’s little to no chance of earning an income. My mother has poured her heart and soul onto stages and dance floors all over the world for more than thirty years, and now she needs your love and support more than ever.

‘My siblings and I are going to do everything we can to take care of her, but the costs we are facing with medical expenses and monthly bills are overwhelming.

‘My mom deserves the best care and comfort that money can buy. I know that she has thousands of fans all over the world who adore her voice and her beautiful spirit.

‘Please consider contributing to assist Kathy and get her through the weeks and months ahead. The London-based record label ‘Revival’ that she has recently been working with has offered to match contributions up to $10,000.

‘Let’s show my mom that the dance music community really is an extended family who keep each other lifted not only in the good times but the hard times too. Thank you for the love, support and many messages that you have been posting and sending to Kathy. I promise you that she sees every single one, and they mean so very much to her.

Brown originally found fame as the chart-topping lead singer of the group Praxis before having US dance hits on her own.

In 1999 she climbed to #4 on the Hot Dance Music/Club Play chart with Joy and in 2004 was the credited lead vocalist on the British act Soul Central’s Strings Of Life (Stronger On My Own), a track that samples Rhythm Is Rhythm’s 1989 House classic.

Over the years she featured on dozens of house and club singles.

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Davido to headline UnitedMasters Grammy Weekend Concert amid latest scandals

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  1. Amid the latest scandals involving artist Davido, he is due to headline the highly anticipated UnitedMasters Grammy Weekend Concert.

Before the 66th Academy Grammy Awards, which will be hosted on Sunday, February 4th at Crypto Com Arena in Los Angeles, the UnitedMasters music platform will hold a Grammy weekend.

At this famous event, Davido will perform alongside Dominican rapper Tokischa and South African-based DJ Artist Uncle Waffles.

On Friday, February 2nd, 2024, the concert will be performed at the Hollywood Palladium

More than 2,500 people attended last year’s performance, including Jay Z and Beyonce, Nas, DJ Khaled, Wiz Khalifa, Future, Damson Idris, and others.

Davido’s fame surged following the publication of his comeback album, Timeless, which has surpassed one billion streams.

His new album had raised his profile and won him a Grammy nomination. At the 2024 Grammys, Timeless received three nominations: Best Album of the Year, Song of the Year, and Best Global Music Album.

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