Role
Joe Biden receives second dose of coronavirus vaccine on camera
Joe Biden on Monday received the second dose of the Pfizer/BioNTech Covid-19 vaccine on camera, as part of an effort by the President-elect’s incoming administration to reassure the country of the safety of the vaccines. Biden was administered the shot in his left arm by Ric Cuming, chief nurse executive at ChristianaCare’s Christiana Hospital in Newark, Delaware, according to Biden’s transition team. The President-elect said he would be announcing his plan to “get the entire Covid operation up and running,” including the necessary costs, on Thursday. Biden said he had a meeting with members of his team later Monday afternoon. Biden said he was “not afraid of taking the oath outside,” and that his team has been getting briefed, when asked if he had any fears about taking the oath of office...
2021: Banks to walk a tightrope amid low revenue environment
Nigeria’s deposit money banks (DMBs) must brace up for the challenge of 2021 that might tax their resolve to remain in business. Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles. Their valuable customers such as high net-worth individuals, corporate bodies and other institutions are equally challenged. In his book, Business Stripped Bare, celebrated iconic entrepreneur and founder of the Virgin Group, Richard Branson, says, “without trustworthy banks, there can be no business, no employment, no money. According to Branson, “People have got to be able to go to bed at night secure in the knowledge that the money they depo...
Republican senator: Donald Trump must ‘go away as soon as possible’
A second Republican senator in the United States has called on Donald Trump to step down after some of the president’s supporters overran the Capitol building in Washington, DC this week in a deadly riot. In an interview with NBC’s Meet the Press news programme on Sunday, Pennsylvania Senator Pat Toomey said Trump should resign for the good of the country. “I think the best way for our country is for the president to resign and go away as soon as possible,” he said. Toomey said president’s resignation is the “best path forward, the best way to get this person in the rear-view mirror for us”, but added that he did not believe Trump would step down before his term ends on January 20. He also said the president’s role encouraging the riot was an “impeachable offence”. Momentum has been buildi...
Yemisi Edun appointed acting FCMB chief
First City Monument Bank Limited (FCMB) has appointed Yemisi Edun as the acting Chief Executive Officer of the bank. This followed the decision by the Chief Executive Officer, Mr. Adam Nuru, to proceed on voluntary leave as the board investigates allegation of paternity scandal against him. The bank disclosed this on Wednesday. Edun holds a Bachelor’s degree in Chemistry from the University of Ife, Ile-Ife and a Master’s degree in International Accounting and Finance from the University of Liverpool, United Kingdom. She is a Fellow of the Institute of Chartered Accountants of Nigeria and a CFA Charter holder. She is also an Associate Member of the Chartered Institute of Stockbrokers; an Associate Member of the Institute of Taxation of Nigeria; a Member of Information Systems Audit and Cont...
Donald Trump allies in Congress to challenge his loss to Joe Biden
A band of President Donald Trump’s Republican allies planned a last-ditch effort on Wednesday to undo his election loss to Democrat Joe Biden, a bid almost certain to fail that comes on the same day their party is poised to lose its majority in the Senate. The Republican-led Senate and Democratic-controlled House of Representatives were due to meet to formally certify Biden’s victory in the Nov. 3 election in proceedings that could stretch past midnight. In a joint session of Congress, Trump’s allies plan to challenge the results from a handful of states won by Biden. Thousands of pro-Trump protesters converged on Washington ahead of the session at his urging. Some clashed with police overnight. Biden won the election by a 306-232 count in the state-by-state Electoral College and by a marg...
Ohaneaze chief Nnia Nwodo named SMBLF coordinator
YouTube The Southern and Middle Belt Leaders Forum (SMBLF) has appointed the outgoing President General of Ohaneaze Ndigbo, Chief Nnia Nwodo, as its coordinator. According to a statement issued by Chief Edwin Clark and confirmed by Nwodo’s Special Adviser on Media, Chief Emeka Attamah, the appointment was in recognition of his superlative leadership of the apex Igbo socio-cultural organisation in the past four years and the role he has played in the affairs of SMBLF. Chief Clark said that Chief Nwodo gave the Igbo unqualified and purposeful leadership which resonated throughout the country and expressed optimism that he would do the same for the Southern and Middle Belt Leaders Forum, especially at this troubled time in the country. The elder statesman urged Chief Nwodo to bring his wealth...
Anambra election: PDP orders members to withdraw all litigations against party
File Photo The Peoples Democratic Party (PDP) has asked its members in court against the leadership of the party in Anambra to withdraw all litigations ahead of the November governorship poll in the state. The South-East National Vice Chairman of the party, Chief Ali Odefa, made the request in Awka during a meeting of the Zonal Working Committee with stakeholders in the state on Monday. Odefa said that it was in the overriding interest of the party for peace and unity to reign ahead of the poll. According to him, the party needs unity and cannot afford any court distractions, if it must form the next government in Anambra. He, therefore, urged the aggrieved party members to direct their complaints to the zonal leadership for amicable and dispassionate resolution. Odefa, who expressed satis...
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...
2023: Group nominates Senator Nnamani for presidency
Herald The Ken Nnamani groups in the diaspora have nominated former Senate President, Ken Nnamani, as the most desirable candidate from South East to run for 2023 Nigerian President. The coalition said that Nnamani was most qualified because of his antecedent and experience of leadership in national administration. The groups cited Nnamani’s role in the country’s critical era of alleged third term agenda of former President Olusegun Obasanjo and how he scuttled it, as a test case of his strong and unwavering character to preside over the country’s affairs. The groups’ Chairman, Lawrence Odoemelam, in a statement said that with the Igbos clamouring for a Nigerian President from the southeast, Nnamani fits into the cap for different reasons. He said that Nnamani ensured the stabilization of ...
FIFA accusations against Sepp Blatter baseless – lawyer
Former FIFA president Sepp Blatter vehemently denies an allegation against him of criminal mismanagement relating to a museum project set up under his leadership, his lawyer said on Tuesday. “The accusations are baseless and are vehemently repudiated,” Lorenz Erni said in statement. Mr Blatter, 84, has continued to deny any allegation of financial impropriety against him by the world football association. Recall that according to documents reportedly seen by the PA news agency, FIFA had stated that, “Following a detailed review of historic facts and circumstances concerning the construction and on-going operational costs of the FIFA Museum, FIFA has become aware of many serious irregularities regarding this project, which raise strong suspicions of criminal misconduct on the part of variou...
PDP wins 17 chairmanship seats in Abia
File Photo The Abia State Independent Electoral Commission (ABSIEC) has declared the Peoples Democratic Party’s (PDP) 17 chairmanship candidates, as winners of the just concluded local government councils election. Prof. Mkpa Mkpa, the Chairman of ABSIEC, announced the results on Sunday in Umuahia. Mkpa said that the Labour party won six councillorship seats, out of the ten in Ikwuano Local Government Area (LGA) of the state, while PDP cleared all councillorship seats in the remaining LGAs of the State. He commended the electorate for the peaceful conduct of the election. Also, he further commended ABSIEC officials for their commitment to duty during the election, as well as law enforcement agencies for their role in maintaining peace and order during the poll. The commission’s chairman sa...
U.S. warns Pacific islands about Chinese bid for undersea cable project
The United States has warned Pacific island nations about security threats posed by a Chinese company’s cut-price bid to build an undersea internet cable, two sources told Reuters, part of an international development project in the region. Huawei Marine, which was recently divested from Huawei Technologies Co Ltd and is now majority-owned by another Chinese firm, submitted bids along with French-headquartered Alcatel Submarine Networks (ASN), part of Finland’s Nokia, and Japan’s NEC, for the $72.6 million project backed by the World Bank and Asian Development Bank (ADB), the sources with direct knowledge of the project details said. The project is designed to improve communications to the island nations of Nauru, Federated States of Micronesia (FSM) and Kiribati. Washington sent a diploma...