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FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash

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The federal government has hinted that it is engaged in consultations to decide whether or not petrol prices will be reduced for Nigerians in view of the global drop in crude oil prices caused by the Coronavirus pandemic.

Minister of State for Petroleum Resources, Timipre Sylva, announced this to State House correspondents after the Presidential committee on the impact of the Coronavirus outbreak on Nigeria’s economy presented an interim report to President Muhammadu Buhari at the Presidential Villa, Abuja yesterday.

The committee is chaired by the minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, and has other members as Sylva; the Central Bank of Nigeria governor, Godwin Emefiele; and group general managing director, Nigeria National Petroleum Corporation (NNPC), Mele Kyari; among others. Sylva was reminded by reporters that dwindling crude oil prices translate to lower domestic prices for huge importers of refined petroleum products like Nigeria, and a price slash had actually resulted in the past.

He said, “On when the price of PMS is likely to be reduced considering the drop the crude oil price, of course we are still consulting. We’ll get back to you, please be patient.” On her part, the minister of finance disclosed that the government had released N285 billion from the 2020 budget for capital projects. According to her ,another $220 million had also been released by government for counterpart funding. She said the committee would be back next week to brief the President on the necessary adjustments that would be made for the nation’s economy to run smoothly in spite of the global oil price crash.

According to her, government would continue to run normally, while investments especially in critical sectors should not cease. She said, “The Ministry of Transport, the Ministry of Works and Housing, Niger Delta, a number of ministries and agencies that have important infrastructure projects have got their funds. “Also this week we have been able to release to the Ministry of Transport the counterpart funding provided for in our budget that is required for the important railway projects that are currently ongoing.

The finances from the China EXIM Bank. “What we have been mandated to do is to ensure that the business of government continues to run as much as possible normally, that government agencies are funded but there must be continuous investments in critical infrastructure that would ensure continuous growth and also concentrate on programmes and project that will enhance employment of our people.

“We are looking at ways and means in which the revenue of government will be stabilized and that we are able to fund the states through the FAAC process at a level that is averagely expected and planned for by both the federal as well as the national budget.

On the issue of interest rate, the CBN governor, Godwin Emefiele, said “On the issue of interest rate, luckily, even before this time, I am sure most of you must have observed that interest rate has come down quite drastically and we are going to continue to ensure that it is not a temporary phenomenon, that it will be a phenomenon that will continue because we think and we believe that Nigerians, whether they are business people or private people who deserve to take credit should do so at a lowinterest rate so that they can use them for a good purpose, pay back those loans and also do good business.”

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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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