Optimism
CBN: Naira to fall further in January
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...
President Buhari: Improved Nigeria-South Africa relations will quicken African development
President Muhammadu Buhari yesterday expressed optimism that improvement in relations between Nigeria and South Africa would speed up the process of development on the African continent. Speaking in concurrence with the Chairman of the African National Congress (ANC) and South Africa’s Minister of Mineral Resources and Energy, Gwede Mantashe, who came to the State House, Abuja on Friday as Special Envoy of his country, President Buhari cited his last trip to South Africa during which he and President Cyril Ramaphosa worked together in resolving the migrants’ crisis between two brotherly nations. The President in a statement issued by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu said, “There was this ‘small problem’ between our countries. I went there and we resol...
Ogun governor presents N339 billion 2021 budget proposal
Gov. Dapo Abiodun of Ogun, on Wednesday, presented a budget proposal of N339 billion for the 2021 fiscal year to the state House of Assembly, with N177 billion earmarked for capital expenditure. Newsmen report that the budget, christened “Budget of Recovery and Sustainability,” also has N162 billion proposed for recurrent expenditure. The governor said that an estimated N119 billion was projected as internally-generated revenue for the state, with statutory allocation expected to be N59 billion. He stated that capital receipt, which included internal and external loans as well as grants and aids, stood at N142 billion. The governor stated that personnel cost remained the largest single item of expenditure, adding as at Oct. 31, it accounted for 35.5 percent of the total government spending...
PTF: Two coronavirus vaccines under trial have 90% efficacy
The Federal Government on Tuesday expressed optimism that COVID-19 would soon be a thing of the past in Nigeria as two vaccines under trial have more than 90 per cent efficacy to end the disease. The government also charged states to fully implement Social Health Insurance Schemes with the integration of HIV prevention and treatment services. The Secretary to the Government of the Federation and chairman of the Presidential Task Force on COVID–19, Boss Mustapha, stated this during an event held in Abuja to commemorate the 2020 World AIDS Day with the theme, ‘Global Solidarity, Shared Responsibility.’ The SGF also appealed to the private sector to support the National Agency for the Control of AIDS and the Nigerian Business Coalition against AIDS for a sustained access to life-saving medici...
Oil jumps 4 percent on upbeat coronavirus vaccine news
Global benchmark Brent crude rose 4.2 percent while US WTI jumped 4.6 percent after Moderna became the latest drug firm to release promising trial data on a COVID-19 vaccine. The post Oil jumps 4 percent on upbeat coronavirus vaccine news 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.
Gold rises on renewed US stimulus hope, dollar falls
Spot gold rose 0.3 percent to $1,910.56 an ounce at 3:37pm, New York time, after falling as much as 0.5 percent. Gold rose on renewed optimism for a preelection aid package in the U.S., while the dollar fell to a one-week low. House Speaker Nancy Pelosi said a bill for a compromise stimulus package is being written as she awaits a key phone call with Treasury Secretary Steven Mnuchin. Senate Majority Leader Mitch McConnell said his chamber would take up a comprehensive coronavirus package if an accord is struck. The Bloomberg Dollar Spot Index headed for the third straight decline. Pelosi said in a Bloomberg Television interview that while there are areas where more work is required to get a compromise, she was pleased with the Trump administration’s latest position on coronavirus testing ...
Akwa Ibom: Senator Akpabio, PDP, others mourn APC chairman
The People’s Democratic Party (PDP) and the opposition All Progressives Congress (APC) are united in the death of the APC Chairman in the State, Mr. Ini Okopido. The post Akwa Ibom: Senator Akpabio, PDP, others mourn APC chairman 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.
