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US Elections: Twitter, Facebook suspend several news accounts

Facebook and Twitter have suspended some accounts over violation of their policies during the hotly contested U.S. elections.



Twitter Inc and Facebook Inc have suspended several recently created and mostly right-leaning news accounts.

This was disclosed by the duo social media giants on Tuesday, according to Reuters.

The accounts were suspended for posting information about voting in the hotly contested U.S. election for violating their policies.

Twitter explained the accounts had been suspended for violating its policy against “coordination” by posting identical content while appearing independent or engaging in other covertly automated behavior.

It stated, “One of those suspended, SVNewsAlerts, had more than 78,000 Twitter followers, after adding more than 10,000 in the past week.

“The account frequently warned of election-related unrest and highlighted issues with voting safety and reliability. It pointed to fraud claims about Democrats and called attention to Republican President Donald Trump’s rallies and speeches.”

Other accounts suspended by Twitter included FJNewsReporter, Crisis_Intel and Faytuks. Some of the accounts in the past suggested that readers follow others.

Facebook also suspended several accounts behind U.S-based pages called SV News and FJ News, citing inauthentic behavior. The SV page had more than 20,000 followers.

Some of the suspended accounts were closely read by the media in Russia, which has been accused of meddling in the 2016 election.

Both SVNewsAlerts and Faytuks, which had only 11,000 followers, have had their tweets highlighted dozens of times in state-controlled Sputnik and RT, as observed by researcher Chris Scott and confirmed by Reuters.

Even as social media companies took action, false or exaggerated reports about voting fraud and delays at the polls circulated throughout the day, in some cases helped along by official Republican accounts and online publications.

The FBI and the New York attorney general also said they were looking into a spate of mysterious robocalls urging people to stay home, which were reported in multiple battleground states.

Twitter appended fact-checking labels to multiple tweets from the @PhillyGOP account, which was among those using the hashtag #StopTheSteal.


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Nigeria’s inflation hits 14.23 percent as food prices increases

Nigeria’s inflation rate rose by 14.23% in October 2020 as against 13.71% recorded in September 2020



The National Bureau of Statistics on Monday November 16, released a data which revealed that Nigeria’s inflation rose to 14.23 percent, 0.52 percent higher than the 13.71 percent recorded in September.

According to the data, the core food index rose by 17.38 percent majorly driven by increases in food items. Core inflation also maintained a steady rise to 11.14 percent, from the 10.58 percent reported in August this year.

The bureau said;

“The Consumer Price Index, which measures inflation increased by 14.23 per cent (year-on-year) in October 2020.

“This is 0.52 per cent points higher than the rate recorded in September 2020 (13.71 per cent).”

Urban inflation rose to 14.81 percent year-on-year from the 14.31 percent recorded last month, while rural inflation hit 13.68 percent.

Inflation was highest in Zamfara, Sokoto and Ebonyi, while Lagos, Abuja, and Cross River recorded the lowest in October.

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Tony Elumelu conferred with Belgium’s most important national honour

Nigerian billionaire-entrepreneur, Tony Elumelu, has been conferred with Belgium’s oldest and most important national honour.



The Chairman, United Bank for Africa (UBA) Group, Tony Elumelu, has been conferred with Belgium’s oldest and most important national honour titled: “The honorary distinction of Officer in the Order of Leopold.”

The entrepreneur made the disclosure via his verified Twitter handle. The award is said to be in recognition of his commitment to the eradication of poverty & the economic empowerment of young Africans.

Elumelu tweeted, “Last night, the Kingdom of Belgium conferred on me with the honorary distinction of Officer in the Order of Leopold, the country’s oldest and most important National Honour.

“I am humbled by this recognition of the work @TonyElumeluFDN in catalysing entrepreneurs across Africa and will continue to drive the economic empowerment of our brilliant young #Africanentrepreneurs to propel development in Africa.”

What you should know

Themoneymetrics  had earlier reported that Tony Elumelu had been named in “Times 100” list of 100 most influential people in the world 2020.

Why it matters

The latest award, amongst others, is in recognition of his commitment to the eradication of poverty and the economic empowerment of young Africans.

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FG to sell Geregu, Omotosho and Calabar power plants for N434 billion

The Federal Government has mapped out some of its power plants for sale and to concession some assets in 2021.



The Federal Government announced that it will sell the Geregu, Omotosho and Calabar power plants for N434 billion in 2021. The FG also disclosed plans to concession major sports stadiums across the country.

This was disclosed by the Bureau of Public Enterprises (BPE) in its 2021 Budget Defence in Abuja, reported by Vanguard.

Geregu Power Plant would be sold for N140.7 billion, Omotosho Power Plant N151.4 billion and  Calabar Power Plant N143.4 billion, the BPE said.

Senator Theodore Orji, member of the Senate Committee on  Privatization and Commercialization disclosed that Geregu is already majority-owned by private investors.

“We also found that in Geregu Power Plant, the core investor already owned 51% shares and that the transaction emanated from a request by the investor for additional 29% of FGN residual 49% shares,” Orji told the BPE

The Government also announced plans to concession some sports and entertainment infrastructure next year including the National Stadium, Lagos, Moshood Abiola Stadium, Abuja, Jos International Stadium, Adokiye Amiesimaka Stadium and the National Art Theatre

What you should know  

Our source reported in 2019 that  Femi Otedola, revealed plans to shift focus to power generation with a planned investment of up to $1 billion into Geregu Power Plc.

Chief Executive Officer, Geregu Power Plc, Akin Akinfemiwa, told our source  in June that they have invested the sum of 100 million dollars (USD) to carry out a major overhaul not only to ensure that the three turbines were operational at the nameplate capacity of 414MW but also to add an extra 21MW to bring the total nameplate and available capacity to 435MW.

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