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Stock market volatility hits Norway’s sovereign wealth fund
Norway’s Central Bank on Tuesday said its pension fund lost 188 billion kroner ( 21 billion dollars equivalent) in the first half of 2020 amid stock market volatility during the coronavirus pandemic. The bank said the return on the sovereign wealth fund fell by 3.4 per cent during the January-to-June period. The Deputy Chief Executive of Norges Bank Investment Management, Trond Grande, said there were major fluctuations in the equity market. “The year started with optimism, but the outlook of the equity market quickly turned when the coronavirus started to spread globally. “The sharp decline in global stock markets during the first quarter is, however, limited by a massive monetary and financial policy response. “Even though markets recovered well in the second quarter, we are still witnes...
Kano distributes 500 gas cylinders, improved stoves
Kano State Government says it has distributed 500 improved stoves and Liquefied Natural Gas (LPG) cylinders to encourage development of alternative sources of energy. Abdulhamid Bala, Director, Ecology and Forestry in the state’s Ministry of Environment, disclosed this in an interview to the News Agency of Nigeria on Friday in Kano. Bala disclosed that the items were distributed to deserving households to discourage use of fuel wood and control desert encroachment. He said that the items were distributed as part of activities to mark the 2020 World Desertification Day, adding that the state government would establish a five hectre woodlots in selected areas in the state. The director said the gesture was in accordance with the Federal Ministry of Environment guidelines to commemorate the d...
2023: Arewa youths reject Mamman Daura’s call to jettison zoning
Northern youths under the aegis of Arewa Youths for Peace and Security (AYPS) have rejected a call for political parties to jettison zoning in the choice of presidential candidates for the 2023 general election. The post 2023: Arewa youths reject Mamman Daura’s call to jettison zoning 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.
Kano evacuates 1, 213 almajiris to their home state
Kano State Government on Sunday said no fewer than 1, 213 Almajiris have been evacuated to their state of origin. Alhaji Murtala Sule Garo, Chairman, Kano State Almajiri Evacuation Committee told newsmen in Kano that “due process and proper screening are the hallmark of the ongoing evacuation exercise.” Garo who is also the Commissioner for Local government revealed that the Committee worked with the state Ministry of Health to ensure that Almajiris taken out of Kano to their respective states of origin are in good health. He said Kano has so far, received over 200 Almajiris returnees from Kaduna, Plateau and Niger states respectively. Garo stressed ‘as I speak to you, they are being quarantined in Kiru Reformatory Institute, where they are being provided with free feeding and medication b...
