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...
Italy reported 459 coronavirus-related deaths on Friday against 505 the day before, the health ministry said. The daily tally of new infections increased by 19,037 from 18,040 the day before, taking the total number of cases since Italy’s epidemic began to 2.02 million. Italy on Thursday became the eighth country in the world to exceed 2 million officially recorded cases. The number of swab tests carried out in the past day was 152,334 from a previous 193,777, the health ministry said. The first Western country hit by the virus, Italy has reported 71,359 deaths since its outbreak came to light on Feb. 21, the highest toll in Europe and the fifth highest in the world. Patients in hospital with COVID-19 stood at 23,402, down by 668 from the day before. The current number of intensive care pa...
Over one week after testing positive for COVID-19, Lagos State governor, Babajide Sanwo-Olu, is yet to make a complete recovery. The governor tested positive for the novel disease on December 11, 2020 after he was in close contact with an infected aide. The Lagos government reported that the governor was displaying mild symptoms and fatigue and was receiving treatment at home. While providing an update on the governor’s health on Monday, December 21, Lagos Commissioner for Health, Akin Abayomi, said Sanwo-Olu is doing much better. However, he said the 55-year-old remains in isolation and receiving home based care. “We are waiting for a complete clearance of the virus so that Mr Governor can resume public activities,” he said. Abayomi urged members of the public to adhere to safety measures...
Lagos State Governor Babajide Sanwo-Olu says the state cannot afford another total lockdown amid the second wave of the COVID-19 pandemic. The presidential task force (PTF) on COVID-19 on Friday said there were indications that the country had entered a second wave of the pandemic. “In Nigeria, the indication is that we have entered a second wave of infections, and we stand the risk of not just losing the gains from the hard work of the last nine months, but also losing the precious lives of our citizens”, Hadi Sirika, minister of aviation, who represented Boss Mustapha, chairman of the PTF, said. Sanwo-Olu, who went into isolation last Saturday after testing positive for COVID-19, advised residents to adhere to health protocol and non-pharmaceutical interventions (NPIs) to help limit the ...
Two persons on Saturday afternoon sustained varying degrees of injury in a serious crash along Ugwuakpati Ozu road in Nnewi, Anambra state. The victims, a commercial motorcyclist and his passenger were on the motorcycle when they were knocked down by the driver who lost control of the vehicle while answering calls. Confirming the incident, Sector Commander, Federal Road Safety Corps (FRSC), Andrew Kumapayi said the injured were taken to St Felix Hospital, Otolo Nnewi by the FRSC rescue team from Nnewi command. He said, “The crash involved an unidentified male adult in a black Camry car with registration number JRV 184 AA and a black motorcycle with registration number NNE 369 QH. “According to an eyewitness, a total of 3 persons where onboard consisting of (2) male adults and (1) female ad...
Lagos State Health Commissioner, Akin Abayomi, says Governor Babajide Sanwo-Olu is responding well to home-based care and treatment for COVID-19. “Governor of Lagos, Babajide Sanwo-Olu, is responding well to COVID-19 home-based care and treatment. He is in high spirit and very appreciative of all your prayers and well wishes. “I will be keeping the public informed regularly of Mr Governor’s recovery and wellbeing,” Abayomi stated in a two-part-tweet update on Sunday night. The commissioner had announced last night that the governor tested positive for coronavirus and has been in isolation since on Friday following contact with persons infected with the virus. Lagos is a major entry point in Nigeria with over 60% of incoming passenger traffic going through the Murtala Muhammed International...