A report by the World Bank has noted that over the past 12 months, the Covid-19 pandemic has harmed the poor and vulnerable the most, and it is threatening to push millions more into poverty. This year, the World Bank said, after decades of steady progress in reducing the number of people living on less than $1.90/day, COVID-19 will usher in the first reversal in the fight against extreme poverty in a generation. The report said the latest analysis warns that COVID-19 has pushed an additional 88 million people into extreme poverty this year – and that figure is just a baseline. “In a worst-case scenario, the figure could be as high as 115 million. The World Bank Group forecasts that the largest share of the ‘new poor will be in South Asia, with Sub-Saharan Africa close behind. ddAccording ...
A fully loaded lorry tanker with fuel, lost control in Gaika area of Jebba in Moro local government area of Kwara state, on Wednesday, killing about sixteen persons while no fewer than thirty buildings and properties worth millions of naira gutted fire. Newsmen gathered that the incident occurred at about 9 am when the tanker was driving along the popular Gaika road in Jebba and suddenly lost control . The tanker was said to have violently hit the car in its rear which instantly caught fire, before it ran into the nearby buildings, not less than thirty, and burnt them all. The petrol substance which reportedly spilled on the floor after the crash, inflamed the fire inferno. “The entire Jebba is in deep mourning, we have never seen this kind of thing before, so tragic.”said a source. Kwara ...
British Health Secretary Matt Hancock said Sunday that the government has imposed a strict Christmas lockdown in London and southeast England because a new strain of the coronavirus was “out of control”. Hancock warned that the strict measures could stay in place until the virus vaccine is fully rolled out. “We acted very quickly and decisively,” Hancock told Sky News, justifying the “stay at home” order and closure of non-essential shops affecting around a third of England’s population. “Unfortunately the new strain was out of control. We have got to get it under control.” Prime Minister Boris Johnson announced on Saturday that millions must cancel Christmas plans and stay home because the new strain was spreading far more quickly. Hancock told Sky News that the situation was “deadly seri...
The Islamic Movement in Nigeria (IMN), otherwise known as Shiites, have called for unconditional release of their leader, Sheikh Ibrahim Zakzaky, along with those still in detention. Recalled that the convoy of Army Chief of Staff, Lt. General Yusuf Buratai had clashed with members of IMN in Zaria on December 12, 2015, leading to death of several persons on the fateful day. Sheikh Zakzaky and his wife and some Shiites have been detention, and undergoing court trial since the incident happened. In a statement on Sunday by the IMN media Spokesperson, Ibrahim Musa to mark the 5th anniversary of the Zaria killings, it noted that five years in detention amounted to systematic oppression of Zakzaky and other members of the Movement. “As we mark the fifth anniversary of this Zaria Genocide Memori...
The Chartered Institute of Bankers of Nigeria (CIBN) has urged the banks to strengthen their cyber-security architecture in order to prevent attacks by fraudsters. President/Chairman of Council of the institute, Mr. Bayo Olugbemi, made the call while delivering his remarks at the 2020 CIBN Fellowship Investiture in Lagos, at the weekend. The CIBN at its investiture formally conferred its honorary fellowship awards on 19 distinguished bankers in recognition of their contributions to the banking industry and the economy; 77 associates as elected Fellows while 105 senior management staff of banks and the academia became Honorary Senior Members of the institute at the event with the theme: ‘Financial Services in a post COVID 19 Environment: Strategic Imperative’. Some that were conferred with ...