The debts owed to Nigerian banks by oil and gas operators as well as power companies in the country rose to N5.94tn at the end of 2020 from N5.25tn in December 2019. The N5.94tn represents 29.16 per cent of the N20.37tn loans advanced to the private sector by the banks as of December, according to the sectoral analysis of banks’ credit by the Central Bank of Nigeria. Oil and gas firms, which received the biggest share of the credit from the banks, increased their debt by N600bn to N5.18tn in December 2020 from N4.58tn in December 2019. The debt owed by power firms to the banks rose to N763.22bn in December 2020 from N671.45bn in December 2019, the CBN data showed. Oil firms operating in the downstream, natural gas and crude oil refining subsectors owed N393tn as of December, up from N3.42t...
South Africa has signed an agreement with Johnson & Johnson to secure 11 million COVID-19 vaccine doses and will ease restrictions due to a decline in new cases, President Cyril Ramaphosa said on Sunday. South Africa has been the hardest-hit on the continent by the pandemic, recording almost half of the COVID-19 deaths and more than a third of reported infections. But daily cases have fallen below 2,000, from a peak above 20,000 last month during a second wave of infections. Ramaphosa said in a televised address that 2.8 million of the J&J doses would be delivered in the second quarter, with the rest spread throughout the year. South Africa started administering the single-dose J&J vaccine this month in a research study targeting healthcare workers but has not yet rolled out sh...
Explosion on Saturday rocked the site where technicians were carrying out repair work on damaged power infrastructure in Maiduguri. Maiduguri, the birthplace of Boko Haram, has been in darkness for about a month now since suspected Boko Haram members damaged power lines along Maiduguri-Damaturu road. Technicians were subsequently deployed to the site and security was provided for them by a combined team of soldiers and men of the Borno State Rapid Response Team. Every day before the commencement of work by the technicians, soldiers scanned the entire area for any explosive drvice that might have been planted by Boko Haram. But on Saturday at about 10am, when technicians were getting ready to commence the day’s work, there was an explosion which destroyed a Hilux Toyota van and seriously in...
YouTube The former governor of the Central Bank of Nigeria, CBN, Professor Charles Chukwuma Soludo, at the weekend in Awka, narrated how he received 19 written threats on his life following his decision to embark on banking consolidation in Nigeria in 2004 when he became the boss of the nation’s apex bank. In an interview, Soludo also recalled attempts made to kidnap his children at Offa, Kwara State where they were at the time because many people felt threatened by the policy. He said: “I am a very impatient person to see change happen and I am passionate in anything I focus on. When I was the chief economic adviser to President Olusegun Obasanjo, and the tenure of the former CBN governor ended and I came in. within one month, I announced a 13 – point agenda for banking consolidation. “At...
Tottenham Hotspur players are reportedly frustrated with Jose Mourinho’s training methods a scenario which has split the dressing room. Mourinho is under pressure following a return of 12 points from Tottenham’s last 12 Premier League games. Spurs were knocked out of the Emirates FA Cup at the last-16 stage by Everton earlier this month, though they are still in the Europa League and through to April’s EFL Cup final. However, The Athletic claims that Mourinho is losing support from some key members of his squad due to the way that he works. The former Manchester United and Chelsea boss is said to have drastically altered the approach taken by predecessor Mauricio Pochettino, whom he replaced in November 2019, by easing the workload on his players – something that has not gone down well ami...
Super Eagles and Napoli forward Victor Osimhen has said his 30 minutes of unconsciousness Sunday, ‘felt like a brain reset’ Osimhen was discharged to return to Naples on Monday after spending the night under observation at a hospital in Bergamo following an alarming collapse towards the end of the club’s 4-2 Serie A defeat by Atalanta on Sunday. Osimhen was knocked unconscious in a scary incident during the final minutes of the game after a challenge with Cristian Romero; he was stretchered off the pitch and taken directly to hospital. A close adviser to the player told ESPN that a disoriented Osimhen was shocked when he saw the video of the incident. “He could not believe it when they showed him the video from the incident,” the adviser said. “He said it felt like a brain reset.” Multiple...
Australian Prime Minister Scott Morrison has received the coronavirus vaccine as the country prepares to start inoculations this week. His jab was televised on Sunday in order to help boost confidence in the vaccine rollout across Australia. Vaccinations officially begin on Monday and at least 60,000 doses are expected to be administered next week. On Saturday, small crowds of anti-vaccination demonstrators gathered to protest against the launch. Mr Morrison was part of a small group of people vaccinated on Sunday along with some frontline health workers and care home residents. Australia’s chief nurse Professor Alison McMillan and Chief Medical Officer Professor Paul Kelly were also immunised. Speaking at ahead of his vaccination, Mr Morrison said: “Tomorrow our vaccination programme star...