Business
Wazupnaija – Naija Entertainment blogs & Forums – Business
Fed’s Powell warns unemployment could reach Depression-level 25 percent
He said the economy stands a good chance of bouncing back more quickly than in the 1930s. “When the Depression, well, when the crash happened and all that, the financial system really failed,” Powell said. “Here, our financial system is strong.” But he took the opportunity to again warn that Congress will need to spend more to prevent long-lasting damage, even after U.S. lawmakers have shelled out trillions of dollars for American businesses and consumers. The most important policy objectives should be to “keep workers in their homes, keep them paying their bills,” he said. “Keep families solvent so that when this comes, we come out the other end of this, we’re in a position to have a strong recovery.”
Ndigbo in Lagos do not hate APC – lawmaker
Honourable Jude Idimogu, the lawmaker representing Oshidi/Isolo Constituency 2 at the Lagos State House of Assembly has said that Ndigbo, an ethnic group from South East, does not hate All Progressives Congress (APC), as many people would erroneously believe, rather it is the leadership of the group that has been the problem. Idimogu said at a press conference over the weekend when representatives of Ndigbo and other stakeholders announced him as the apex leader of Ndigbo in APC, to take over from Joe Igbokwe, Special Adviser on Drainage and Environment to Governor Babajide Sanwo-Olu of Lagos State. The lawmaker said he had not been a happy person because his people had continued to support opposition party in the state, which had also robbed them of their due rights as a people in the sta...
Bauchi governor orders payment of salaries
Bauchi State Governor, Sen. Bala Mohammed, has approved the payment of May, 2020 salaries of Civil Servants in the state ahead of the Eid-el Fitr celebration. His Senior Special Assistant on Media, Muktar Gidado, revealed this on Sunday in a statement. He said the Governor has directed the State Accountant General to ensure that the salaries are paid on or before the 20th of May. He explained the development was to enable workers, including pensioners enjoy a happy Eid-el Fitr celebrations. Mohammed assured civil servants in the state of the commitment of his administration to prompt payment of salaries in addition to other reforms introduced to ensure effective service delivery. He equally enjoined them to ensure total compliance with all the protocols against COVID-19 pandemic. Get more ...
Newborn baby tests positive for coronavirus in Russia
A baby was born with the coronavirus in Russia’s Caucasus region, health officials were quoted by TASS news agency as saying on Sunday, to a mother who is also infected. The birth in the North Ossetia city of Beslan follows one in mid-April in Peru, which health officials there said was the second known case of a COVID-19 positive newborn worldwide. In North Ossetia, “a pregnant woman was infected by the coronavirus, and her baby was born infected”, a regional health ministry spokesman was quoted by the state agency TASS as saying. “They are now at home, their state is satisfactory,” the spokesman added. The head of the hospital’s maternity unit, Hassan Tagaiev, was quoted by local television as saying that 17 of 35 women who were about to give birth there had tested positive for COVID-19....
Federal government donates 5,318 metric tons of foodstuff to Kano
The Federal Government said it has delivered a total of 139 truck-loads of foodstuff which is equivalent to 5,318 metric tons to Kano State, for distribution to the less-privileged, and people living with disabilities as palliatives against the effect of COVID-19. The relief items were 10 trucks of rice; 2,438 metric tonnes of Maize; 1,380 metric tonnes of millet and 900 metric tonnes of sorghum in a total of 139 trucks each ferrying 60 metric tons to feed 300,000 households. Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, who stated this in a statement, yesterday, disclosed that the10 trucks of rice came from the Nigerian Customs Service (NCS), while maize, millet and sorghum were drawn from the country’s strategic food reserves as authori...
Governor Fayemi: Ibrahim Gambari’s appointment excites governors
The Nigeria Governors’ Forum (NGF) has expressed excitement over the appointment of Prof Ibrahim Gambari as the Chief of Staff to President Muhammadu Buhari. The Forum also expressed its readiness to work with Gambari for the progress and development of the country. In a congratulatory message signed by its Chairman and Governor of Ekiti State, Dr Kayode Fayemi, in Abuja on Sunday, the NGF expressed confidence in Gambari’s competence for the job. “As you know, this appointment comes with great responsibilities and unconventional demands, requiring candour, discipline, professionalism, loyalty, focus, diligence and the highest level of service. “Your credentials, pedigree, experience and career trajectory both locally and globally speak to your capacity. As State Governors, we are excited a...
Madagascar records first death from coronavirus
Madagascar has registered its first coronavirus death, two months after its index case, the national COVID-19 taskforce said on Sunday, according to news site Reuters. The taskforce spokeswoman, Hanta Vololontiana, was quoted by Reuters to have said in a televised statement that the man had died on Saturday night. “A man died from COVID-19 in Madagascar … he is 57 years old and a member of the medical staff,” she said. The first casualty of the island on the east coast of Africa was said to be a 57-year-old medical worker who suffered from diabetes and high blood pressure. Newsmen had about a fortnight ago did a rundown of countries with a clean death slate. This included Vietnam, Rwanda, Faroe Islands, Madagascar, Cambodia, Nepal, Uganda, Central African Republic, and Mozambique, accordin...
No ‘miracle cure’ for coronavirus until clinical trials prove Madagascar’s herbal medicine
Scientists are putting an herbal remedy from Madagascar, purported to cure COVID-19, to the test. Researchers at Germany’s Max Planck Institute of Colloids and Interfaces, in Potsdam, are collaborating with a U.S. company, ArtemiLife, to test an extract from the plant Artemisia annua to determine its effectiveness in speeding recovery from the virus. “We are working with two independent laboratories to ensure the highest possible quality and exclude any bias in the results,” Peter Seeberger, lead researcher, told VOA in an email response. Seeberger is hopeful the first results will be back soon. “We have collected a significant body of data but are again repeating the work to make sure any results are reproducible multiple times,” he said. “Within the next couple of weeks, we will be in a ...
NIDO flays Nigerian government’s directive on payment of N297,600 by stranded nationals in Thailand
Nigerians in Diaspora Organisation (NIDO), Thailand, has described the directive by the federal government that stranded Nigerians in Thailand must pay the sum of N297,600 for their quarantine, isolation, accommodation centres or hotels before their departure as insensitive and harsh. Its President, Dr. Lloyd Nwafor, in a letter dated May 17 and addressed to the Minister of Foreign Affairs, Mr. Geoffrey Onyeama, titled: ‘Appeal to Reconsider Decision on Payment for Quarantine, Isolation, Accommodation Centres or Hotels’, said it came to the stranded Nigerians in Thailand as a shock. He said that some of the evacuees are families who lost their jobs because of the coronavirus pandemic, some are at the Immigration Deportation Camp (IDC), while others are visitors stranded in Thailand. Nwafor...
Wayne Rooney: Park was just as important to Manchester United as Cristiano Ronaldo
Getty Images Wayne Rooney has said that former Manchester United midfielder Park Ji-sung was just as crucial to the club’s success as Cristiano Ronaldo, with the South Korean’s willingness to sacrifice himself for the team as a whole critical to lifting titles. Park and Ronaldo spent four years together at Old Trafford, winning three consecutive Premier League trophies, a League Cup and the Champions League in that time before the latter left the club for Real Madrid in 2009. And while Ronaldo’s goals, skills, speed and trickery will always be at the top of the highlight reel when looking back at that side, Rooney feels that Park’s contributions were just as important as that of the Portuguese icon. “It’s crazy but if you mentioned Cristiano Ronaldo to a 12-year-old, they would immediately...
Commission distributes aid to displaced persons in Kogi
The National Commission for Refugees, Migrants and Internally Displaced Persons (NCFRMI) over the weekend distributed relief materials to about 2,000 people in Kogi State who were rendered homeless as a result of recurrent floods that have ravaged their areas. The local government areas that benefited from the aid are Bassa, Dekina and Ibaji, all flood-prone communities located along the banks of the River Niger. The Federal Commissioner of the agency, Basheer Garba Mohammed, who presented the relief materials in Ayangba, said that the donation was meant to alleviate the sufferings of the displaced persons in line with the directive of President Muhammadu Buhari who expanded the mandate of the agency to include providing reliefs to displaced persons especially at this time of national emer...
Onome Ebi: Why players hardly earn 100 caps for Nigeria
Super Falcons experience defender Onome Ebi has explained why it is difficult for players to make 100 caps for Nigeria. Only Joseph Yobo, Vincent Enyeama, and former Super Falcons assistant coach Maureen Madu are the only players who have played more than 100 games for the country. Ebi believes lack of proper structure and academy in the country is one of the major challenges. The Chinese base defender opined that Nigeria needs to learn from other countries and establish enough academies that will produce young talents for the country. “I will say in Nigeria we catch talents old, while other countries catch them young, in other countries that I’ve played, there are plenty academy and most players moved to national from 15, 16 years of age.” “It’s difficult in Nigeria, no academy, you have ...
