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...
Federal Road Safety Corps (FRSC) has decried high level of speed and COVID-19 violations by motorists across the country during the yuletide. Zonal Commanding Officer RS9, Enugu, Mr Owoimaha Odoma, disclosed this to newsmen on Friday in Owerri. He said the issue became worrisome as over speeding often led to road crashes, while violation of COVID-19 protocol by motorists could also escalate the dreaded virus in various communities. Udoma, who is the zonal inspection head on FRSC ‘Operation Zero Tolerance to Road Traffic Violation’, warned motorists against over speeding. “We embarked on road monitoring in the states under the zone and we have observed that violations of speed and COVID-19 guidelines were the major challenges on the road during this period. “We started this road inspection ...
The Deputy Governor of Nasarawa State, Dr Emmanuel Akabe, has disclosed that 15 persons have died from COVID-19 since the outbreak of the virus. He said in Lafia after a security meeting that, ” As at Tuesday December 22, the state has discharged 668 confirmed cases of COVID-19, with 26 under home care and 3 in isolation. “85% of the cases are found in Karu, Keffi and Lafia local government areas, while the rest are found in the remaining 10 councils of the state.” He said. The Deputy Governor disclosed that Dr Rebecca Isaac Umaru, Former Provost of College of Education Akwanga died of the virus on Monday, December 21. He also said Dr Janet Angbazo, Permanent Secretary in the Ministry of Information, Culture and Tourism was tested positive of the virus and she is currently on isolation. Ac...
FIFA has increased Africa’s slots at the 2023 FIFA Women’s World Cup to be held in Australia and New Zealand from three to six. The decision was one of the major decisions the Bureau of FIFA Council took on Thursday, December 24, when it met to discuss the fate of upcoming FIFA competitions. Africa in time past had three direct slots, which were given to the top three performing teams at the Africa Women’s Championship. The new decision, which is due to the expansion of the competing teams from 24 to 32 teams, will mean that Africa will have four direct slots and two others fighting in play-offs. The two host countries, Australia and New Zealand, will automatically qualify for the 2023 World Cup and their slots have been taken directly from the quotas allocated to their confederations, nam...
Qatar will host the FIFA Club World Cup 2020 from February 1 to 11, 2021, after it was postponed earlier this year due to the COVID-19 pandemic. Six continental confederations, as well as the host nation’s league champions, will compete in the tournament, which will be held across three FIFA World Cup Qatar 2022 stadiums — Ahmad Bin Ali, Khalifa International and Education City. The Ahmad Bin Ali Stadium, inaugurated just last week on December 18, will stage the opening match between Qatari champions Al Duhail and Auckland City of New Zealand on February 1, and the final will be played at Education City Stadium on February 11. Joining the two teams will be European champions and German side FC Bayern Munich, CONCACAF champions Tigres UANL from Mexico, Al Ahly SC, Egyptian side and winners ...
Nigerian National Assembly spends billions of naira on constitution review
The perennial constitution amendment exercise by the National Assembly is characterised by proposals that keep resurfacing despite gulping billions of naira yearly, an analysis has shown. The federal parliament had from the 5th to the current 9th National Assembly made several attempts to amend some provisions of the 1999 Constitution to no avail. At every session, the parliament officially spends N1 billion shared equally between the Senate and the House of Representatives. There are reports that the lawmakers spend more than what is appropriated for the exercise. While some amendments were successful, several others suffered serial failures but kept appearing in new proposals. Considering the huge spending, lawyers and civil society groups have pointed out that no significant amendments ...