A middle aged man was Wednesday confirmed dead after an elevator crashed at the Cocoa House building in Ibadan, the Oyo State capital. Newsmen learnt that three other people were also injured when the elevator at the high rise building in the ancient city crashed. The Cocoa House was said to have been built with proceeds from cocoa by the then government of late Chief Obafemi Awolowo, who was the Premier of the Western Region. The building as at now is being managed by the Odua Investment Company Limited, which is owned by the six states of the South-west. It was gathered that the elevator was being repaired Wednesday before it crashed and fell on people working on it. The Head of Corporate Affairs, Odua Investment Company Limited, Mr. Victor Ayetoro, while confirming the death of one pers...
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...
More than a million people have received their first dose of a Covid-19 vaccine in the United States, Centers for Disease Control and Prevention (CDC) director Robert Redfield said Wednesday. “The United States achieved an early but important milestone today — jurisdictions have now reported that more than one million people have received their first dose of Covid-19 vaccine since administration began 10 days ago,” said Redfield. In a call with reporters, Moncef Slaoui, chief advisor of the government’s Operation Warp Speed, said that the objective of immunizing 20 million people this month was “unlikely to be met.” But he said the US was still aiming for 100 million people immunized by the end of the first quarter of 2021, and another 100 million by the second quarter. Three million doses...
The COVID-19 pandemic has negatively impacted 47 per cent of graduates and their activities (including job search), a report has stated. Also 17 per cent of graduates lost their jobs due to the pandemic, a research by the Knowledge Exchange Centre (KEC) and BudgIT revealed. The Executive Secretary, KEC, Aghogho Akporido, disclosed this during the virtual graduation ceremony of 43 students in its Graduate Advancement Programme (GAP) network, recently. He said the programme was extended to three months as opposed to the previous six weeks. He also said during the selection process, training session, career counselling and mentoring session and even in some cases, the internship was done virtually (online). Akporido said for the first time there were participants from eight states and volunte...