HOPE
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 ...
Shkodran Mustafi: Folarin Balogun very strong, intelligent
Arsenal defender, Shkodran Mustafi, was full of praise for Folarin Balogun after he struck in their Europa League win at Molde. The teenage striker scored with his first touches of the ball to open his account for the club, and earned rave reviews from his German team-mate. “He’s a very strong and intelligent player,” Mustafi told Arsenal.com. “He’s a good striker and he’s hungry. “I think at this age in strikers you can always see that hunger to score and they always want to do something in the box, and I think for him it was really nice. He came on in the last game as well and this time it was his first touch he scored with, so I’m very happy for him because I think this is something that is very important. “We all started as young boys and everyone knows the feeling of how difficult it ...
INEC chief wants Senate to accelerate Electoral Act amendment
The nominee for the position of Chairperson for the Independent National Electoral Commission (INEC), Mahmood Yakubu, has appealed to the National Assembly to expeditiously pass the Electoral Act Amendment Bill before the end of first quarter of 2021. Yakubu made the call in Abuja on Thursday when he appeared before the Senate Committee on INEC for screening. President Muhammadu Buhari had on Wednesday sought Senate’s confirmation of Yakubu as INEC chairperson for a second term. Yakubu said the passage of the Electoral Act was critical for the success of the 2023 general elections and ultimately the nation’s electoral system. He said that INEC under his leadership had recommended some areas of amendments in the Electoral Act. He said that if confirmed, INEC under his watch would consolidat...
UNIOSUN student commits suicide
A 23-year-old 100 level student of Osun State University, Ikire campus Juba Orisajafor on Tuesday drank poison and died few hours he preached against suicide on his WhatsApp. It was gathered that Orisajafor on Tuesday morning around updated his WhatsApp status, condemning suicide. His post on WhatsApp reads: “Often time I ask myself, Why do people commit suicide? Perhaps because they’ve got no one to encourage, motivate or guide them or because they felt there is no solution to whatever problem they are going through. Perhaps they forgot there’s more to enjoy when there’s life (hope) is not lost”. A source told newsmen that one of the students in the hostel where Orisajafor was living saw him lying unconscious in front of his hostel around 6:30pm after taking a bottle of a sniper. “He was ...
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...
Diego Maradona: ‘I hope we’ll play together in the sky’ – Pele
Brazilian football great Pele mourned his fellow legend Diego Maradona after the Argentine died Wednesday, saying he hoped they would “play together in the sky” one day. “Sad news today. I have lost a dear friend, and the world has lost a legend,” Pele wrote on Instagram, alongside a picture of Maradona hoisting the World Cup trophy in 1986. “There is much more to say, but for now may God give his family strength. One day, I hope, we will play soccer together in the sky.” Pele and Maradona, who often vie for the title of best footballer in history, had just celebrated milestone birthdays last month: 80 and 60, respectively. Pele had wished Maradona well on his birthday on October 30, writing, “May your journey be long and may you always smile, and make me smile, too!” Maradona had likewise...
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...
Governor Lalong: 2020 NAFEST confirms return of peace in Plateau
Plateau State governor, Simon Lalong Bako, has stated that the hosting of the 2020 Jos National Festival of Arts & Culture (NAFEST) is a confirmation that peace has been restored in the state as he also restated his conviction in the need for regulation of the social media. The governor spoke yesterday at the opening ceremony of the 2020 NAFEST titled “Post Covid-19 and Cultural Dynamism” taking place in Jos, Plateau State. The governor who extolling the abundant resources in the state said “Plateau State is home of peace and tourism. We remain a state that is endowed with the best weather condition comparable to none in Nigeria, which explains why Plateau remains the destination of choice for many who desire to partake in its potentials such as rich arable soil, breathtaking tourism d...
NAFEST: Nigeria will lead the world – Senator Okorocha
Sen. Rochas Okorocha, Chairman, Senate Committee on Culture and Tourism, has expressed greater hope that Nigeria will definitely lead the world with the vast culture and tourism potential. Okorocha said this at opening ceremony of the 33rd National Festival of Arts and Culture (NAFEST) held at Rwang Pam Township Stadium, Jos, Plateau on Monday. The theme of the event was “COVID-19 and Cultural Dynamism”. The lawmaker advised Nigerians generally to keep hope alive as the COVID-19 pandemic and the ENDSARS protests which had caused lots of havoc to the nation would be forgotten issues with time. He said Nigeria was only going through a phase that would lead to greatness as some other countries had experienced in the past. He noted that the two incidences had aggravated the nation’s problems o...
Coronavirus vaccine breakthrough raises hopes of rapid global rollout
A coronavirus vaccine developed by Britain’s University of Oxford and the pharmaceutical firm AstraZeneca has shown successful results in early trials. If it is approved by regulators, the vaccine appears suitable for a fast rollout around the globe. Early analysis of trials involving 20,000 volunteers in Britain and Brazil show the vaccine is at least 62% effective after two doses. In volunteers given a different dosing regimen — a half dose, followed by a full dose — that figure rose to 90%. The average efficacy of the two dosing methods is 70%. None of those given the vaccine developed severe COVID-19 illness. Andrew Pollard, director of the Oxford Vaccine Group, said the recent successful trials of three different vaccines by Oxford-AstraZeneca, Pfizer-BioNTech and Moderna, represent a...
We believe it is South East’s turn to produce next president – Ebonyi PDP elders
The Elder and major Stakeholders of the Peoples Democratic Party (PDP) on Monday affirmed the belief that it is the turn of the South East to produce President of Nigeria in 2023. The post We believe it is South East’s turn to produce next president – Ebonyi PDP elders 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.
