Factors
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...
NIMC insists on deadline for linking of NIN to mobile numbers
File Photo Despite criticisms from many Nigerians of the two-week ultimatum for the registration and linking of National Identity Number (NIN) to mobile numbers, the federal government has insisted on the deadline. The director-general of the National Identity Management Commission, (NIMC), Aliyu Abubakar, in an interview with newsmen on Friday said there was no extension for the announced deadline. “Right now, the way it is, there is no extension. We should not be complaining, rather we should see how it can be done,” he said. “It is until after 10 to 12 days then we will see how far it has gone before we beg the government for anything.” When the agency issued a two-week ultimatum for the enrolment, Nigerians took to social media platforms to kick against such a deadline. “In the whole o...
Ole Gunnar Solskjaer must avoid Jose Mourinho’s mistakes to succeed
Manchester United boss Ole Gunnar Solskjaer has arguably fallen into the Jose Mourinho trap and needs to sort things out before they get out of hand. Sir Alex Ferguson often spoke about how, when setting his teams up, he would mostly focus on his own side and only a little attention was spent on the opponent. The legendary Scotsman made it a point to reiterate the balance was delicate and couldn’t sway too much in the other direction or it’d become dangerous. Mourinho often set United up on a match by match basis and it was why he was accused of not having any real tactics, philosophy or style at the club. When Solskjaer came in it was clear what he wanted the team to do and it was just a case of making the players do it better to show progression. It was partly why he won the job- for hav...
Mercedes replaces Lewis Hamilton with George Russell for Sakhir Grand Prix
British race driver, George Russell, will take Lewis Hamilton’s place at Mercedes for this weekend’s Sakhir Grand Prix after the seven-time champion tested positive for coronavirus. Mercedes has backed Russell’s career since 2017 and he is effectively on a three-year loan at Williams, where he has posted some impressive races since making his F1 debut last season. Jack Aitken, a 25-year-old British-Korean, will race in Russell’s place at Williams for his F1 debut while Russell is away at Mercedes. Mercedes had approached Williams to see if a deal to release Russell was possible as soon as it became apparent that Hamilton’s absence from the first race of his career was confirmed after the positive COVID-19 test and retest. And the confirmation of an agreement arrived on Wednesday morning. T...
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 ...
Senator Adeyemi advocates N50 billion bailout fund for airline operators
Sen. Smart Adeyemi (APC Kogi), has called on the Federal Government to provide a bailout fund of N50 billion for airlines operators in the country. The post Senator Adeyemi advocates N50 billion bailout fund for airline operators 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.
Arsenal to deal with Willian’s Dubai trip internally
Arsenal boss Mikel Arteta said he has dealt with winger Willian’s unauthorised trip to Dubai, but would not reveal if the Brazilian will be dropped for Sunday’s Premier League trip to Leeds. The post Arsenal to deal with Willian’s Dubai trip internally 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.
Food insecurity looming as prices of foodstuff skyrocket in Taraba
Prices of Food stuffs has gone up in Taraba state, finding revealed. It was noticed that the prices is increasing on weekly basis across the state. The post Food insecurity looming as prices of foodstuff skyrocket in Taraba 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.
ASUU strike: Only one contentious issue left – ministry
The Federal Government has assured that its face-off with the Academic Staff Union of Universities would soon end as all but one of the issues have been resolved. The post ASUU strike: Only one contentious issue left – ministry 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.
Why we imposed levy on every loaf of bread in Kogi – official
The Kogi State Government has contracted a consultant to levy every bread baked, with the Ministry of Commerce and Industry. The post Why we imposed levy on every loaf of bread in Kogi – official 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.
