Crisis
Normalcy returns to Kwara community after security operatives, drivers clash
Normalcy returned to Ilesha-Baruba community in the Baruten Local Government Area of Kwara on Monday after a Friday clash between security operatives and commercial vehicles drivers. The clash between the security operatives and drivers in the area left at least three persons dead and several people injured from gunshots. Newsmen report that the clash occurred on Friday during a misunderstanding over “bookings’’ between the operatives mounting roadblocks on the Ilesha-Baruba/Chikanda highway and commercial drivers plying the route. The corpses of the deceased, which had earlier been deposited at a morgue in Saki, Oyo State, were brought into Ilesha-Baruba on Sunday night for burial. Newsmen who went round the community reports that the residents have returned to their normal businesses. Ma...
2021: Banks to walk a tightrope amid low revenue environment
Nigeria’s deposit money banks (DMBs) must brace up for the challenge of 2021 that might tax their resolve to remain in business. Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles. Their valuable customers such as high net-worth individuals, corporate bodies and other institutions are equally challenged. In his book, Business Stripped Bare, celebrated iconic entrepreneur and founder of the Virgin Group, Richard Branson, says, “without trustworthy banks, there can be no business, no employment, no money. According to Branson, “People have got to be able to go to bed at night secure in the knowledge that the money they depo...
National carriers announce resumption of Qatar-Saudi air travel
The national carriers of Qatar and Saudi Arabia have announced the resumption of air travel between the two countries starting next week, just days after a deal was reached to end a years-long regional diplomatic dispute. A Gulf Cooperation Council (GCC) summit on Tuesday declared an end to the bitter rift in which members Saudi Arabia, the United Arab Emirates, Bahrain – along with Egypt – blockaded Qatar since June 2017. The group severed diplomatic, trade and travel ties with Qatar, accusing it of supporting terrorism, an accusation Doha vehemently denied. Kuwait and the United States had been mediating for reconciliation. On the eve of the 41st GCC summit held in Saudi Arabia, the kingdom agreed to reopen its air, sea and land borders with Qatar – a major breakthrough in the Gulf crisi...
OPC slams President Buhari over increase in electricity tariff
File Photo The Oodua Peoples Congress has accused President Buhari of being insensitive to the plights of Nigerians, saying the sudden increase in the electricity tarrif is brutish and inhuman, describing it as an attempt to fuel national crisis. The group also restated its support and commitment to true federalism on the basis of regionalism, adding that Nigeria cannot make any meaningful progress with the 1999 Constitution, which it described as a democratic albatross. At a marathon meeting of the leadership and National Coordinating Council of the group in Lagos, the OPC, led by its National Coordinator and Aare Ona Kakanfo of Yorubaland, Iba Gani Abiodun Ige Adams, in a statement signed by the National General Secretary and Publicity Secretary, Babajide Tanimoowo and Yinka Oguntimehin,...
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...
World Bank: Pandemic to push over 115 million people into extreme poverty
A report by the World Bank has noted that over the past 12 months, the Covid-19 pandemic has harmed the poor and vulnerable the most, and it is threatening to push millions more into poverty. This year, the World Bank said, after decades of steady progress in reducing the number of people living on less than $1.90/day, COVID-19 will usher in the first reversal in the fight against extreme poverty in a generation. The report said the latest analysis warns that COVID-19 has pushed an additional 88 million people into extreme poverty this year – and that figure is just a baseline. “In a worst-case scenario, the figure could be as high as 115 million. The World Bank Group forecasts that the largest share of the ‘new poor will be in South Asia, with Sub-Saharan Africa close behind. ddAccording ...
Nigerian youth union settles NANS factions
Nigerian Youth Union (NYU) has successfully intervened in the crisis that followed the National Delegates’ Conference of the National Association of Nigerian Students (NANS) which led to the emergence of Sunday Asefon as NANS President. NYU hosted the two factions in NANS Zone B, Jeremiah Friday Ohomah of Federal University of Petroleum Resource Effurun and Friday Offongekpe Etinyene of the University of Uyo, at the NYU National Secretariat Abuja, to possibly resolve the issues that might have arisen from the election. NYU President, Comrade Chinonso Obasi, in a statement released in Abuja, on Thursday, confirmed that the meeting was successful as aggrieved parties agreed to suggestions that would herald peace and unity in NANS. Obasi reiterated that one of the core mandates of the NYU is ...
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...
2023: Group nominates Senator Nnamani for presidency
Herald The Ken Nnamani groups in the diaspora have nominated former Senate President, Ken Nnamani, as the most desirable candidate from South East to run for 2023 Nigerian President. The coalition said that Nnamani was most qualified because of his antecedent and experience of leadership in national administration. The groups cited Nnamani’s role in the country’s critical era of alleged third term agenda of former President Olusegun Obasanjo and how he scuttled it, as a test case of his strong and unwavering character to preside over the country’s affairs. The groups’ Chairman, Lawrence Odoemelam, in a statement said that with the Igbos clamouring for a Nigerian President from the southeast, Nnamani fits into the cap for different reasons. He said that Nnamani ensured the stabilization of ...
Ijaw youths block East-West road over NDDC
Pool Photo The ripples over the appointment of a sole administrator for the Niger Delta Development Commission (NDDC) reached a boiling point on Monday as hundreds of Ijaw youths blocked the popular East-West road, causing many travellers to be stranded. The youths under the aegis of the Ijaw Youth Council (IYC) said the protest was for the immediate removal of the Sole Administrator, Mr Effiong Okon Awa, and the inauguration of the substantive board. The protest held travellers stranded for hours and attempts by some armed soldiers backed by an Armoured Personnel Carrier and led by a Major to persuade the protesters to leave the East-West road proved abortive. A plea by a former Secretary to Bayelsa State Government and ex-Nigerian Ambassador to the Scandinavian countries, Dr Godknows Iga...
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...
Official: Amotekun corps never killed anybody in Ibadan
The Commandant of Oyo State Security Network, codenamed Amotekun Corps, Col Olayinka Olayanju (retd), has dismissed the media report that operatives of the agency opened gunfire on some residents of Ibadan, killed two and injured many. He confirmed that there was a crisis around Born Photo and Isale Osi area, where the men of the Oodua Peoples Congress (OPC) faction of late Dr Frederick Fasehun, was trying to deal with some hoodlums. According to him, the operatives of Amotekun Corps were invited and its operatives went to the scene. The personnel of the agency that went to the scene, he said were returning from an operation, where a Lebanese man was rescued from his abductors on December 15. The incident reportedly occurred at Asaka area of Ibadan. But two persons and many other people, a...
