Demand
#ENDSARS: Group urges youths to end proposed protest in Lagos
The Committee of Youths on Mobilisation and Sensitisation (CYMS) has urged Nigerian youths to boycott the proposed protest in the interest of peace and socioeconomic stability that were affected after the 2020 “ENDSARS PROTEST”. The Lagos State coordinator, CYMS, Leonard Obasi, disclosed this in a statement issued to newsmen on Friday in Abuja. To counter the proposed Feb. 13 protest #OccupyLekkiTollGate at the tollgate plaza, some youths had announced a #DefendLagos rally to hold at the same venue. The plan to #OccupyLekkiTollGate came barely a day after the controversial ruling of the Lagos Judicial panel of inquiry to reopen the Lekki Tollgate. Obasi said that this has become compelling owing to reports of a planned protest by what he described as some self-centered elements who were he...
Russia issues arrest warrant for Alexei Navalny ally
Russia has issued an arrest warrant for Leonid Volkov, a close ally of poisoned Kremlin critic Alexei Navalny, according to a media report. Mr Volkov had been organising protests from his base in Lithuania to demand the release of the opposition leader, who was detained last month as he entered Russia. A protest was planned for this Sunday, with Mr Volkov urging people to gather near their homes and light candles in heart shapes to flood social media. “You will raise your phone flashlights – and someone, maybe, will bring candles – and form a heart shape with them.. You will take a picture of it from above, from one of the apartments, and post it on Instagram,” he wrote in a Facebook post promoting the demonstration. His actions have angered Russian authorities, who have been granted an ar...
Nigerian government gets revenue boost as oil prices near $60
File Photo Nigeria revenue profile may get a further boost in the days ahead as oil prices near $60 per barrel in a move propelled by the Organisation of Petroleum Exporting Countries (OPEC). U.S. West Texas Intermediate crude oil futures rose to their highest levels in nearly a year on Friday with Brent traders zeroing in on the psychological $60 a barrel level on economic revival hopes led by strong compliance with the planned output cuts by OPEC+. Also contributing to the gains were a government report that showed another draw in crude stockpiles, optimism over a speedier U.S. economic recovery on the prospect of additional stimulus from Washington and a successful rollout of the U.S. vaccination program. OPEC+ maintained its oil output policy at a meeting last Wednesday, a sign produce...
Woman sets sister, three others on fire over inheritance
A woman identified simply as Imole, allegedly set an apartment in Idimu area of Lagos, occupied by her sister and members of her family on fire, over an argument over her share of their late father’s four rooms apartment. Doctors at Alimosho General Hospital were still battling to save the lives of the victims, weekend. Information at newsmen’s disposal had it that Imole visited her elder sister on Dupeolu Street, Pipeline area of Idimu, last Friday, to demand that the four rooms be shared equally between them. But her sister was said to have declined, offering her one room, as she explained that their father had other wives whose children were also beneficiaries. A heated argument according to eyewitnesses ensued between the siblings, at the end of which Imole was pacified. However, at mi...
NUT: Edo government’s ‘no-work-no-pay’ policy empty threat
Nigeria Union of Teachers Teachers under the Edo State branch of the Nigeria Union of Teachers on Friday said they would not call off their ongoing strike following a ‘no work, no pay’ policy announced by the state government ahead of the resumption of schools on February 1. The teachers said they would not succumb to what they described an “empty threat,” as they vowed to continue with the strike until their demands were met. The NUT had directed treachers in the state to begin an indefinite strike on January 18, following the expiration of a 21-day and 14-day ultimatums earlier issued to the state government. But the Edo State Government had, in a statement by the Secretary to the State Government, Osarodion Ogie, on Friday approved February 1, 2020, for the resumption of full academic a...
Lagos chamber projects positive economic recovery by Q2
The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the Nigerian economy in the second quarter of 2021. Mrs Toki Mabogunje, President, LCCI, addressing journalists at the first edition of the chamber’s quarterly news conference, said the projection was subject to the absence of major economic shocks. Mabogunje, however, said that the projected recovery was expected to be subdued within the region of one per cent. “Projections by the World Bank and the International Monetary Fund put Nigeria’s annual average growth for year 2021 at 1.1 per cent and 1.5 per cent, respectively. “Expectation of slow growth momentum reflects the lingering effects of the pandemic on the Nigerian economy and prospects of stricter containment measures considering th...
Scottish leader promises to hold ‘legal’ independence vote
Scotland’s First Minister Nicola Sturgeon has said she will push ahead with plans to hold a “legal” referendum on independence from Britain if her party secures a majority in polls later this year, despite London’s opposition. The post Scottish leader promises to hold ‘legal’ independence vote appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
WhatsApp delays data sharing change after backlash
WhatsApp on Friday postponed a data-sharing change as users concerned about privacy fled the Facebook-owned messaging service and flocked to rivals Telegram and Signal. The smartphone app, a huge hit across the world, cancelled its February 8 deadline for accepting an update to its terms concerning sharing data with Facebook, saying it would use the pause to clear up misinformation around privacy and security. “We’ve heard from so many people how much confusion there is around our recent update,” WhatsApp said in a blog post. “This update does not expand our ability to share data with Facebook.” It said it would instead “go to people gradually to review the policy at their own pace before new business options are available on May 15.” The update concerns how merchants using WhatsApp to cha...
Abuja residents: Why we buy ‘second hand’ clothes
Some residents of the Federal Capital Territory (FCT) in Bwari Area Council say they patronise the clothes not only because of its affordability but also for the upgraded standard. The buyers spoke in separate interviews with newsmen at the Dutse-Alhaji market on Sunday in Abuja. The buyers were seen patronising the items from their dealers in the market, which was known for the cheap sale of second hand clothing in the district. Ada Micheal, one of the buyers, told newsmen that when it came to especially shoes, school or women bags, she preferred the second hand ones because they were almost new and last longer. ” Not all of these items you see here are fairly used; most of them are new or almost new. ” Some even come with tags from probably the stores they were initially hung for sale or...
Nigerian government borrows over N2 trillion from bond investors in 2020
Leveraging on excess liquidity that persisted in the banking system and the near zero yields on treasury bills (TBs), the Federal Government, through the Debt Management Office (DMO), raised N2.1 trillion from investors in its monthly bond issuance programme in 2020. This represents 33 percent, year-on-year, (y/y) increase when compared with the N1.58 trillion raised by the DMO in 2019. The N2.1 trillion raised in 2020 also represents 31 percent more than the N1.6 trillion funding target for the DMO under the Revised 2020 Budget. Meanwhile, the monthly bond auctions conducted by the DMO in 2020 recorded 275 percent oversubscription, reflecting scramble for the high yielding FGN bonds by investors. Newsmen report on monthly bond auction results show that the DMO offered N1.825 trillion wort...
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...
Why we shutdown Total E&P gas plant – Rivers community
Obite indigenes in Ogba/Egbema/Ndoni Local Government Area of Rivers State have an advanced reason for shutting down a gas plant operated by Total Exploration and Producing Nigeria Limited in their domain citing alleged insensitivity of the oil multinational to their plight. The aggrieved natives, drawn from the five villages of Obite community also lamented the alleged refusal of the oil firm to honour a Supreme Court judgement that compensation is paid to the community for the land acquired in the area for its operations. Mr Daniel Clifford Uma, one of the natives, who spoke during the community protest march to the oil firm said, “What you are seeing here today is as a result of total negligence from Total E and P. This thing started 22 years ago. Some of the people that started this ma...
