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July

President Buhari: How we’re addressing gender-based violence in Nigeria

President Muhammadu Buhari yesterday acknowledged worsening cases of sexual and gender-based violence in the country due to the lockdown measures introduced to check the spread of COVID-19. He said this in a goodwill message to commemorate the occasion of the International Day for the Elimination of Violence Against Women which kicks off today. Buhari stated that sexual and gender-based violence in all its forms had been recurrent especially considering the alarming statistics of violence against vulnerable persons recorded in Nigeria, particularly women and girls. Buhari, who said he was aware of the unfortunate situation from reports of incidents in the country, highlighted actions taken by the government to address the issue, according to a statement by his spokesman Garba Shehu. Sexual...

Nigeria ratifies membership of AfCFTA

The Federal Executive Council, FEC, on Wednesday ratified Nigeria’s membership of the Africa Continental Free Trade Area, AfCFTA, as the implementation of the agreement formally takes-off on January 1, 2021. This is as the Council has approved N62.7 billion for the construction of Kano-Dawakin-Tofa-Gwarzo-Dariyo road in Kano. Briefing State House correspondents at the end of the 23rd virtual FEC meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja, the Minister of Information and Culture, Alhaji Lai Mohammed, said whereas the implementation of the agreement was initially scheduled to commence in July, this year, the plan was stalled by the spread of COVID-19. Alhaji Mohammed, who briefed on behalf of the Minister of Industry, Trade and Inves...

Oil prices slide in lockdown-driven rout

Oil prices dived Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while stock prices attempted a modest rebound. Both main oil contracts fell five percent for part of the day before clawing back some of their losses, extending this week’s meltdown to plumb four-month lows on virus-driven demand fears. “The new lockdowns have since yesterday caused a carnage in the oil market,” said Bjornar Tonhaugen, head of oil markets at Rystad Energy. “Oil demand will lose ground as a result of the new lockdowns… Prices now naturally decline on this grim prospect,” he added. The drop in oil prices will increase the pain on oil companies. Exxon Mobil announced Thursday it was eliminating 1,900 US jobs as part of a cost-cutting drive necessitated in part ...

Hollywood-backed Quibi to shutter six months after launch

Streaming service Quibi said on Wednesday it intends to wind down its operations and start a process to sell its assets, just six months after its launch. The announcement highlights the dominance that Netflix, Amazon’s Prime Video, Disney+ and Apple TV+ hold over smaller streaming service providers, which struggle to keep up against their large content budgets and vast libraries of shows. “The world has changed dramatically since Quibi launched and our standalone business model is no longer viable,” founder Jeffrey Katzenberg said in a statement. Los Angeles-based Quibi offers entertainment and news in episodes of 10 minutes or less on mobile phones, initially promoted for on-the-go viewing. The service was priced at $5 a month with advertisements, or $8 a month without them. “Our failure...

Enugu faults NRC’s claim on efforts to ensure safe reopening of Akanu Ibiam airport

The Enugu State Government has expressed dismay over malicious and falsehood against it and Enugu Capital Territory Development Authority (ECTDA), by the Enugu zone of the Nigeria Railway Corporation (NRC). The statement was contained in a statement by the State Commissioner for Information, Nnanyelugo Chidi Aroh and copies made available to journalists in Enugu on Saturday. He said “the calculated attempt to bring the state to disrepute is as a result of the state government’s determination to fully implement the request of the Federal Airports Authority of Nigeria (FAAN) and the resolution of the South East Governors’ Forum (SEGF) by removing all obstructions to the reconstruction and critical infrastructure works at the Akanu Ibiam International Airport, Enugu, aimed at improving the sa...

Senator Akpabio: NDDC received N15 trillion in 19 years

The Minister of Niger Delta Affairs, Senator Godswill Akpabio, has faulted the National Assembly inquest into the financial activties of the Niger Delta Development Commission (NDDC) between February and July 2020 rather than embark on a comprehensive probe of the interventionist agency’s 19 years of existence. The NDDC, he stated, received over N15 trillion in the last 19 years, with nothing on the ground to justify the huge funds, wondering why the lawmakers decided to probe five months’ activities in the commission. Speaking when members of the Independent Marketers Association of Nigeria (IPMAN) visited him in Abuja, Thursday, he noted that discretionary probe would not address the problem of the commission, which he described as cesspit of corruption. He, however, assured Niger Delta ...

Cross River Basin Authority managing director suspended

The Managing Director of Cross River Basin Development Authority has been suspended from office by the board of the agency. Bassey Nkposong was suspended on Thursday after an ad-hoc committee which looked into how the agency was being run accused him of irregularities in the award of N250 million worth of contracts and other “breaches.” The committee was set up by the board in September 2019. “The committee observed from the various breaches that the Managing Director has advertently arrogated to himself the status of a sole administrator regardless of the extant provisions of the Establishment Act of the Authority,” the committee noted in its report which was submitted in February 2020, five months after it was set up. “The above scenario has led to many breaches where contracts which cle...

South African business confidence recovers from 35-year low

South African business confidence recovered from a 35-year low in July, boosted by improving global economic activity, but the measure remained well-below average, over worries about the slow re-opening of the economy and soaring local infections. The post South African business confidence recovers from 35-year low 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.

China achieves progress in battle against cyber crimes – report

China said it has made headway in cracking down on illegal online businesses, said a report on the country’s cybersecurity in 2019. The post China achieves progress in battle against cyber crimes – report 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.

Afenifere leader Ayo Fasanmi laid to rest in Ekiti

Eminent Nigerians on Tuesday paid tributes to the late Afenifere leader, Ayo Fasanmi, as his remains were interred in his country home in Iye Ekiti, Ilejemeje Local Government Area of Ekiti State. The post Afenifere leader Ayo Fasanmi laid to rest in Ekiti 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.