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CBN: Naira to fall further in January
Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out by its Statistics Department revealed that the naira is expected to depreciate further in January 2021. The report, titled, ‘December 2020 Business Expectations Survey Report’ added that there might also be a steady rise in interest rate from December till the next six months. The naira witnessed a sharp fall in recent weeks, reaching its lowest on November 30, 2020, when it exchanged for N500/$1. Since then, the dollar has been hovering between N460 and N470. As of Friday, however, one dollar exchanged for 465 in the parallel market. Also, the Nigerian economy had on November 21 slid into its second recession in five years when the economy shrank again in the third quarter. Th...
Kebbi governor empowers 205 women vegetable sellers with N6.15 million
The Kebbi Governor, Alhaji Atiku Bagudu, on Sunday, donated N6.15 million to 205 women vegetables sellers in the state as part of efforts to encourage them to be self-reliant. Newsmen report that each of the 205 women received N30,000 from the donation, in order to boost their vegetable businesses. Gov. Bagudu, who announced the donation at the graduation of the benefitting women in Birnin Kebbi, said that all the women who benefitted from the program had received training in preservation of perishable items. “The comprehensive training of the women traders was conducted by the state chapter of the Kebbi State Vegetables Sellers Association,” he said, lauding the association for the unparalleled gesture that was worthy of emulation by other groups. “The association needs to be commended fo...
Russia says intercepted IS attack plot
Russia’s FSB security service said Saturday it had foiled an attack planned by a cell loyal to the Islamic State (IS) jihadist group in the country’s unstable southern republic of Dagestan, arresting four people. “Members of the group planned to detonate an explosive close to an administrative building belonging to security services, followed by an armed attack against interior ministry employees” in regional capital Makhachkala, the FSB said in a statement. As well as arresting four “members of the international IS terrorist group”, investigators found “firearms and bladed weapons, a large amount of ammunition and an explosive device”, it added, along with mobile phones containing “exchanges with organisers located abroad”. On December 17, police killed two attackers targeting security fo...
Beirut seeks Christmas cheer after devastating year
Near the wreckage of Beirut’s port, a charity is bringing Christmas cheer to a city hammered by a devastating explosion, rising coronavirus infections and the worst economic crisis since Lebanon’s 1975-1990 civil war. The Solidarity Christmas Village, decked out with flashing fairy lights and glittering trees, has been offering visitors free entry to watch concerts and pick up drinks and snacks, lifting the mood of families who can’t afford seasonal luxuries. People dressed in giant polar bear costumes and others in Santa Claus outfits offer some festive spirit to a country that is a patchwork of Christian and Muslim sects. “We need to make our children happy …. even if we are tired,” said Toni Hossainy, who had brought her son. The Christmas village has been set up in a temporary warehous...
Thousands protest in Sudan in call for faster reform
Thousands of Sudanese protesters took to the streets of the capital Khartoum and its twin city Omdurman on Saturday, demanding an acceleration of reforms on the second anniversary of the start of an uprising that ousted Omar al-Bashir. The veteran leader was deposed by the military in April 2019 after months of mass protests against poor economic conditions and Bashir’s autocratic, three-decade rule. Many Sudanese are unhappy with what they see as the slow or even negligible pace of change under the transitional government that has struggled to fix an economy in crisis. The government was formed under a three-year power sharing agreement between the military and civilian groups which is meant to lead to fair presidential and parliamentary elections. Sudan’s state TV aired footage of thousa...
10-year old girl throws step-brother into well in Ondo
A 10 year old girl identified as Suliyat Abubakar has allegedly thrown his step brother into the well in Akure, the Ondo State capital. The girl said she took the action because her father showed more love to her step brother more than her and her other siblings. The state Commissioner of Police, Mr Bolaji Salami, who paraded the girl at the state police command, Akure said the suspect would be prosecuted accordingly. He said the young girl was arrested behind the Central Mosque, Akure. The Police commissioner said the girl threw the baby, Usman Abubakar, into the well, out of annoyance that her father was showing more care for his brother. “The girl had lied to her parents that her brother was kidnapped, but later confessed that he was inside the well,” he said. The Police Commissioner sa...
Mali shuts bars, schools, restaurants to fight novel coronavirus
Mali on Friday said it would close bars and restaurants for two weeks, close fairs and shutter schools until January 10 to fight the novel coronavirus. Hospitals are overwhelmed with Covid-19 cases in the vast Sahel country, torn by jihadist attacks and currently under a shaky caretaker government following an August coup. The closure of bars and restaurants will start from midnight Saturday, government spokesman Hamadoun Toureh said after a cabinet meeting. The cabinet also decided to declare a six-month health emergency, he said, adding that public gatherings would be limited to under 50 people until January 10. Mali has so far officially recorded 6,049 Covid-19 cases of which 211 have been fatal in a country of 20 million. Daily cases this month have surpassed 150 and hospitals in the c...
AfDB chief urges Nigerian government to deepen investment in youth
The President, African Development Bank (AFDB), Dr Akinwumi Adesina, has appealed to the Federal Government to deepen investment in youth, to enable them put their entrepreneurial ingenuity to good use. Adesina, who spoke virtually at the 2020 Nigerian Prize for Leadership at the weekend in Abuja, noted that Nigerian youth are plagued by plethora of challenges like unemployment, limited technical and vocational skills, limited inclusion in the socio-political space and lack of finances to develop their businesses. “No nation is perfect. But those who learn from history become greater. Events repeat itself twice when people do not learn. As a nation, Nigeria should do everything possible to invest and reinvest itself by focusing on the youth. “Today, we have 206 million people, 70 per cent ...
U.S. senators seek possible sanctions over Ethiopia conflict abuses
Two U.S. senators have called on their government to consider imposing sanctions on any political or military officials found to be responsible for human rights violations during a month of conflict in Ethiopia’s northern Tigray region. The proposed resolution was introduced on Wednesday by Senator Ben Cardin, a Democrat, and Senator Jim Risch, a Republican. It was the first such call by U.S. lawmakers since war between Ethiopian federal forces and the Tigray People’s Liberation Front (TPLF) broke out on Nov. 4. The conflict is thought to have killed thousands and displaced more than 950,000 people, according to United Nations estimates, about 50,000 of them into Sudan. Concern has mounted over reports of civilians targeted by both sides, posing a policy dilemma for the United States, whic...
Ethiopia government admits forces ‘shot at’ UN team in Tigray
An Ethiopian spokesman on Tuesday said that the country’s forces fired on a UN team, claiming they ignored instructions and drove through government checkpoints in the northern region of Tigray. The shooting came as the UN and aid agencies are continuing to seek access to northern Ethiopia, more than a week after fighting there was declared over on November 28. “Some of the UN staff were actually detained and some were shot at,” said Redwan Hussein. “They broke two checkpoints to drive to areas where they were not supposed to go, and that they were told not to go. When they were about to break the third one, they were shot at and detained.” Speaking at a press conference in the capital Addis Ababa, Redwan insisted the UN staffers were to blame for Sunday’s incident close to the town of Shi...
Ogun governor presents N339 billion 2021 budget proposal
Gov. Dapo Abiodun of Ogun, on Wednesday, presented a budget proposal of N339 billion for the 2021 fiscal year to the state House of Assembly, with N177 billion earmarked for capital expenditure. Newsmen report that the budget, christened “Budget of Recovery and Sustainability,” also has N162 billion proposed for recurrent expenditure. The governor said that an estimated N119 billion was projected as internally-generated revenue for the state, with statutory allocation expected to be N59 billion. He stated that capital receipt, which included internal and external loans as well as grants and aids, stood at N142 billion. The governor stated that personnel cost remained the largest single item of expenditure, adding as at Oct. 31, it accounted for 35.5 percent of the total government spending...
United Nations, Ethiopia reach aid pact for war-hit Tigray
Ethiopia and the United Nations reached an agreement on Wednesday to channel desperately needed humanitarian aid to a northern region where a month of war has killed, wounded and uprooted large numbers of people. The pact, announced by U.N. officials, will allow aid workers access to government-controlled areas of Tigray, where federal troops have been battling the Tigray People’s Liberation Front (TPLF) and captured the regional capital. The war is believed to have killed thousands, sent 45,000 refugees into Sudan, displaced many more within Tigray, and worsened suffering in a region where 600,000 people were already dependent on food aid even before the flare-up from Nov. 4. Aid agencies had sounded the alarm about a growing humanitarian crisis and been pressing for access, after hundred...
