41 days after, Senate approves Buhari's $5.5bn foreign loan request
The Senate Tuesday approved the request of President Muhammadu Buhari to borrow the sum of $5.5 billion. With the $3bn to be used for refinancing domestic debts, local lenders owed by the federal government may now expect to be paid.
"The Mamblilla hydro power project which has always been abandoned when completed will add substantially to the national grids thus improve power output of the country". He added that the $2.5 billion will create more borrowing space for the private sector.
Mambilla Hydropower Project, ii. construction of a second runway at the Nnamdi Azikiwe International Airport Abuja, iii. counterpart funding for rail projects iv. construction of the Bode-Bonny Road, with a bridge across the Opobo Channel.
Xbox One X hits 80,000 United Kingdom sales in first week
Best Buy stores will open at 5 p.m. local time on Thanksgiving Day on November 23 until 1 a.m. of the following day. Marking a big week in Microsoft's career, new data has placed the new Xbox One X console beyond the stratosphere.
He further maintained that terms and conditions attached to those bonds were favourable to the integrity of the current administration, particularly as it affect the critical infrastructure, the bond was meant to finance. He was however countered by Senator Gbenga Ashafa who argued that the loans were necessary to facilitate development across the country.
"If we consider the projects that these loans are proposed to cover, you will all agree that they are spread across the geo-political zones of Nigeria".
He said, "This Senate will continue to partner with the Federal Government in matters that concern the ordinary people of Nigeria".
Hackers can 'talk to your children' through connected toys
Which? is asking all retailers - such as Argos, Amazon ad Toys R Us - to stop selling smart toys with known security problems. It found that as the toy had no authentication protections, hackers could send a child voice messages and receive answers.
Giving further clarification, Senate leader, Ahmed Lawan noted that part of the bond would be used to offset foreign loans in order to reduce pressure on the nation's foreign reserves.
"For us in the Senate, we have taken our time to look at the necessity and the imperative for approving the loan".
"Times were when the executive could have spent or collected this loan without recourse to the National Assembly".
Vodafone rebounds into first-half net profit
In a double dose of cheer, Vodafone also hiked its full-year earnings growth targets from between 4% and 8% to around 10%. The stock of Vodafone Group plc (LON: VOD ) earned "Buy" rating by UBS on Tuesday, October 27.
Is Cristiano Ronaldo leaving Real Madrid next year?
Following Los Blancos' 3-1 reverse against Tottenham in the Champions League, he revealed he was not looking to sign a new deal. However, Real Madrid are understood to have rejected his demand - which has further angered the wantaway star.
$1.31 EPS Expected for Costco Wholesale Corporation (COST)
Currently, 437.8 million total shares are owned by the public and among those 434.07 million shares have been available to trade. The institutional investor owned 3,367,017 shares of the retailer's stock after selling 250,903 shares during the quarter.
Supermarket prices rising at fastest rate in 4 years
Tesco saw sales growth of 2.3 per cent as its market share dipped to 28.0 per cent, down 0.2 percentage points on previous year . Sales at Aldi increased by 13.1 per cent, advancing the retailer's market share to 6.7 per cent.
Group Lotus owner snaps up flying auto maker
In recent months the company has been aggressively scaling up its engineering force in preparation of the acquisition from Geely. It produces the Transition flying vehicle and also develops technologies for automated hybrid flying cars, like the TF-X.
Chelsea legend Drogba set to retire
The USL campaign begins in March 2018 and finishes in November. Drogba further said, " At some point, you have to stop". He added: "I need time for my other projects ".