Demand
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...
First Americans vaccinated as U.S. death toll passes 300,000
An intensive care unit nurse became the first person in the United States to receive the Pfizer/BioNTech COVID-19 vaccine on Monday, calling it a sign that “healing is coming,” as the U.S. coronavirus death toll crossed a staggering 300,000 lives lost. Sandra Lindsay, who has treated some of the sickest COVID-19 patients for months, was given the vaccine at Long Island Jewish Medical Center in the New York City borough of Queens, an early epicenter of the country’s COVID-19 outbreak, receiving applause on a livestream with New York Governor Andrew Cuomo. “It didn’t feel any different from taking any other vaccine,” Lindsay said. “I feel hopeful today, relieved. I feel like healing is coming. I hope this marks the beginning of the end of a very painful time in our history. “I want to instil...
Air passengers decry upsurge in fares, seek urgent attention to roads, railway
Nigerians, who travel by air, have decried the “sudden” upsurge in air fares and urged the Federal Government to intervene to avoid poor patronage that could dwindle the fortunes of the aviation industry. Newsmen report that the air fares shot up by about 100 per cent in the last one week, with some airline operators even raising their fares by as much as 120 per cent or more. At Nnamdi Azikiwe International Airport, Abuja, the fare from Abuja to Lagos, which was N35,300 (Economy Class), rose to between N70,000 and N75,000. Newsmen found that Business Class travellers were charged between N100,000 and N120,000, depending on the airline. Our correspondents, who visited other airports across the country, found that the rise in airfares was the same, a situation that forced some passengers to...
Nigerian government to implement NIPSS recommendations on population growth
President Muhammadu Buhari has assured that his administration will look into the 12-point recommendations by graduates of National Institute for Policy and Strategic Studies (NIPSS) on Population Growth and Human Capital Development in Nigeria, with view of implementing them. The President gave the assurance at the graduation ceremony of the Senior Executive Course 42, held Saturday at the Institute in Jos. The President, represented by Plateau State Governor, Simon Lalong, charged the graduates to live up to expectations of leading Nigeria out of its problems. “The times levy a demand on institutions such as this one and on its graduates for innovation and creative intelligence in addressing our national challenges. “It is my conviction that the elites both individually and collectively ...
Group dismisses Nigerian Army chief’s coup alarm as diversionary
A Coalition of elders under the auspices of Nigeria Elders for Peace and Good Governance (CONEPAGG), has accused the Chief of Army Staff, Lieutenant General Tukur Buratai, of raising false alarm about “imaginary” coup to divert the attention of Nigerians from the failings of the Service Chiefs. Buratai had while decorating the 39 newly promoted Major Generals, said he was aware that some Generals were being approached by politicians, warning that his eyes are on them. He vowed that the Nigerian Army will never tolerate any agent of destabilization bent on scuttling the current democratic dispensation. “Democracy has come to stay. We will not tolerate any agent of destabilization. The years of military misadventure in politics have never carried us anywhere. It is over,” Buratai had stresse...
Naira weakens to lowest in three years
The Naira yesterday weakened to the lowest in over three years in the parallel market due to increased demand for dollars amid foreign-currency shortages. The local currency depreciated to N495 to a dollar yesterday, lowest since February 23, 2017, widening the gap with the official rate of N379.5 to over 30 per cent. The currency traded in the interbank market at 389.74 as of 4:54p.m. in Lagos. Agency reports quoted traders as alleging a groundswell of diversion of dollars, a development which heightened scarcity of the green back in the parallel market this week. There is a diversion of inflows away from official channels to the parallel market due to the gap in rates, Murega Mungai, trading desk manager for Aza Finance said in a note Thursday. The market spread has created arbitrage opp...
Nigerian government seeks new Eurobond
The federal government yesterday disclosed that it would approach the Eurobond market next year in its effort to shore up the economy, amidst cocktails of measures being put in place to douse the effects of the Covid-19 pandemic on the economy. On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021. Finance Minister, Zainab Ahmed, who disclosed the Eurobond plan while speaking on Bloomberg TV, explained that the decision would depend on the prevailing interest rates. She, however, did not specify the amount to be accessed from the Eurobond. The Eurobond option is ...
Afenifere: Nigeria becoming ungovernable
Pan-Yoruba sociocultural group, Afenifere, on Thursday declared that Nigeria is on the brink of collapse, insisting that the country must restructure to survive the near precipice. “The truth is that the country has virtually become ungovernable and unless we restructure and restore Nigeria to federalism, the country is on the brink of collapse and God should save us from the worst case scenario,” Afenifere said. This was contained in the communique issued at the end of its national caucus meeting held at the Akure country home of its Leader, Chief Reuben Fasoranti. In the communique signed by the National Publicity Secretary of the group, Mr. Yinka Odumakin, Afenifere asked the Federal Government to immediately implement the report of the 2014 national conference. The group also called on...
Niger, Labour parley on slash in workers’ salaries ended in deadlock
The parley between officials of the Niger State Government and organised labour over the planned slash in workers’ salaries effective from November, which was held in Minna on Thursday, has ended in a deadlock. The government team was led by the Secretary to the State Government (SSG), Alhaji Ahmed Ibrahim Matane, while the Chairmen of state chapter of the Nigeria Labour Congress (NLC), Yakubu Garba, and Trade Union Congress (TUC), Tanimu Yunusa, led the team for the organised labour. The meeting, newsmen learnt, did not convince representatives of labour on the need to slash workers’ salaries, resulting in both parties leaving the venue without any agreement. It was however gathered that the representatives of organised labour, at the meeting, punctured the claim by the government that it...
Group rejects South-South governors desire to control NDDC
A Niger Delta group, Vanguard for Transparent Leadership and Democracy (VATLAD), has condemned the desire of South-South governors to control the affairs of Niger Delta Development Commission (NDDC). The group described as untrue governors’ claim that their demand for control is borne out of concerned about the rot in the NDDC. In a statement by Comrade Igbini Odafe Emmanuel, national president, the group reminded South South governors that their continued failure to utlilise oil derivation funds and other funds acruing to their states sparked the agitation for the establishment of NDDC, which “will operate independently and without direct or indirect interference or control by our state governors or their agents.” It described as insulting threat by South South governors over NDDC, queryi...
Senate moves to make law schools beneficiaries of education tax fund
The Senate has begun moves to ensure that all the Nigerian Law Schools are beneficiaries of Education tax funds with the amendment of Tertiary Education Trust Fund Act 2007. Consequently, the Senate has come up with ” A bill for an Act to amend the Tertiary Education Trust Fund Act 2007.” The Bill Scaled second reading yesterday in the Senate. In his lead debate on the bill, Senator Micheal Opeyemi Bamidele, APC Ekiti Central, sponsor of said that the bill which was read for the first time on the floor of the Senate on Thursday, 28th May, 2020, seeks to amend sections 4, 7 and 20 of the Tertiary Education Trust Fund (Establishment, Etc.) Act, 2011 (hereinafter referred to as the “principal Act”) He said that amendment also seeks to add the Nigerian Law School, as one of the benefiting tert...
Rollercoaster: Bitcoiners who missed rally feel relief and regret
Arianna O’Dell, a 30-year-old entrepreneur and songwriter based in New York City, had a tumultuous four-year journey in cryptocurrency before selling her investments in February. During her rollercoaster ride, bitcoin prices swung from less than $1,000 to nearly $20,000. O’Dell may not have made optimal decisions about when to buy or sell, and missed out on the recent rally – but said she does not regret that. Investing $2,705 worth of proceeds into her business was better than enduring the stress of daily fluctuations, even though the price has since doubled, she said. “Honestly, I’ve had more luck in Vegas than I’ve had with cryptocurrencies,” O’Dell said in an interview. She is part of a relatively new class of retail investors who joined the cryptocurrency market years ago, helping pro...
