Rebound
Euro 2020: Donyell Malen adds extra dimension to potent Dutch attack
The Netherlands had every reason to step down a couple of gears but instead upped their pace thanks to a fine display by speedy forward Donyell Malen in Monday’s 3-0 win over North Macedonia, advancing their claims to be genuine Euro 2020 contenders. Frank de Boer’s side had already qualified for the knockouts as group winners but whereas Italy’s Roberto Mancini made sweeping changes for his side’s 1-0 win over Wales, the Dutchman fielded his strongest team in their final Group C game. One of the two changes he did make was to bring in 22-year-old Malen in place of Wout Weghorst, making the Netherlands even more potent in attack as they became the top scorers in the tournament with eight goals. Malen, who provided an assist less than three minutes after coming on in the 2-0 win over Austri...
Naira slides again at official market
Naira for the second day in a row fell against the U.S. dollar at the official market Wednesday, but managed a rebound at the parallel market, a day after hitting its lowest black-market rate in at least four years. Data on the FMDQ Security Exchange where forex is officially traded showed that the naira closed at N412.00 per $1 at the Nafex window. The local currency performance on Wednesday represents a N0.25 or 0.06 per cent decrease from N411.75 the rate it traded in the previous session on Tuesday. The trading session on Wednesday witnessed a forex turnover of $131.86 million, this translates to a 23.44 per cent depreciation from $172.24 million posted in the previous session on Tuesday. The domestic currency experienced an intraday low of N420.97 and a high of N400.00 before closing ...
World Bank: Nigeria responsible for over 40 percent diaspora remittances in Sub Saharan Africa
The World Bank says Nigeria is responsible for over 40 percent of diaspora remittances in Sub Saharan Africa (SSA). In a statement on Wednesday, the Washington-based financial institution said remittances to SSA declined by an estimated 12.5 percent in 2020 to $42 billion. The decline was almost entirely due to a 27.7 percent decline in remittance flows to Nigeria, “Remittances to Sub-Saharan Africa declined by an estimated 12.5 percent in 2020 to $42 billion,” the statement read. “The decline was almost entirely due to a 27.7 percent decline in remittance flows to Nigeria, which alone accounted for over 40 percent of remittance flows to the region. “Excluding Nigeria, remittance flows to Sub-Saharan African increased by 2.3 percent. “Remittance growth was reported in Zambia (37 percent), ...
NESG: Nigerian economy to beat IMF growth forecast in 2021
The Nigerian Economic Summit Group has predicted a growth rate of 2.9 per cent for the Nigerian economy in 2021, higher than the 1.5 per cent growth rate suggested by the International Monetary Fund. The NESG identified eight key policies and events that will help shape the outlook of Nigerian economy in 2021. This is contained in the group’s 2021 Macroeconomic Outlook Report titled, “Four Priorities for the Nigerian Economy in 2021 and Beyond,” launched virtually on Tuesday. According to the report, for Nigeria’s economy to get back on track, the economy needs a high, robust and sustained economic growth that will deliver a significant reduction in unemployment and poverty. The report said the government’s most important agenda in 2021 must be to address these problems as a foundation for...
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
ABS-CBN The World Bank says global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It said this in a statement issued in Washington D.C. on Tuesday at the presentation of the January 2021 Global Economic Prospects. It added that the said recovery would likely be subdued unless policy makers moved decisively to tame the pandemic and implement investment-enhancing reforms. The bank also said that growth in Sub-Saharan Africa was forecast to rebound moderately to 2.7 per cent in 2021, while Nigeria’s growth was expected to resume at 1.1 per cent. For the region, it said that while the recovery in private consumption and investment was forecast to be slower than previously envisioned, export growth was expe...
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.
US election: Donald Trump makes first appearance since ‘defeat’
US President Donald Trump makes his first official post-election appearance Wednesday for what should be a moment of national unity to mark Veteran’s Day, now marred by his refusal to acknowledge Joe Biden’s win. The president visited Arlington National Cemetery around 11:00 am, four days after US media projected his Democratic rival would take the White House. Since then he has not addressed the nation other than via Twitter, and has not conceded to Biden, as is traditional once a winner is projected in a US vote. And with Covid-19 cases shattering records across the country and states imposing new restrictions in a push to contain the virus before winter arrives, Trump seems to have all but shelved normal presidential duties. Instead, he has remained shut up inside the presidential mansi...
