Scenario
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...
Economist: Official exchange rate may depreciate to N420 to the dollar
The managing director of Financial Derivatives Company, Bismarck Rewane, has projected that the naira will depreciate to N420 against the dollar on the official window by the end of 2021. Rewane was speaking at a virtual event tagged ‘Vantage Forum 2021’, organised by The Elevation Church (TEC) on Saturday. The economist also projected that the naira will exchange at N470 to the dollar at the parallel market. At present, the naira trades at N480/$ at the parallel market and N380 at the official rate operated by the Central Bank of Nigeria. This, he said, is based on a worst-case scenario where Nigeria produces 1.5 million barrels per day (bpd) with an inflation rate of 16.15 percent in the full year. “In the worst-case scenario, it goes the other way, in all cases you find that the average...
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...
ABC: California nurse tests positive over a week after receiving Pfizer coronavirus vaccine
A 45-year-old nurse in California tested positive for COVID-19 more than a week after receiving Pfizer Inc’s coronavirus vaccine, an ABC News affiliate reported on Tuesday. Matthew W., a nurse at two different local hospitals, said in a Facebook post on December 18 that he had received the Pfizer vaccine, telling the ABC News affiliate that his arm was sore for a day but that he had suffered no other side-effects. Six days later on Christmas Eve, he became sick after working a shift in the COVID-19 unit, the report added. He got the chills and later came down with muscle aches and fatigue. He went to a drive-up hospital testing site and tested positive for COVID-19 the day after Christmas, the report said. Christian Ramers, an infectious disease specialist with Family Health Centers of San...
World Bank: Pandemic to push over 115 million people into extreme poverty
A report by the World Bank has noted that over the past 12 months, the Covid-19 pandemic has harmed the poor and vulnerable the most, and it is threatening to push millions more into poverty. This year, the World Bank said, after decades of steady progress in reducing the number of people living on less than $1.90/day, COVID-19 will usher in the first reversal in the fight against extreme poverty in a generation. The report said the latest analysis warns that COVID-19 has pushed an additional 88 million people into extreme poverty this year – and that figure is just a baseline. “In a worst-case scenario, the figure could be as high as 115 million. The World Bank Group forecasts that the largest share of the ‘new poor will be in South Asia, with Sub-Saharan Africa close behind. ddAccording ...
Liverpool star set to leave on free transfer at end of the season
Liverpool midfielder Georginio Wijnaldum is reportedly expected to leave the club on a free transfer at the end of his contract in the summer. The Netherlands international has been a hugely important part of Jurgen Klopp’s squad for some time now, but it looks like he’s now heading for the Anfield exit instead of landing a new deal. This is currently looking the most likely scenario, according to The Athletic, who report on how Liverpool tend to have a firm stance on new contracts for players over 30. Wijnaldum is surely still an important part of this squad and many fans would surely rather he stayed for a little while longer, even if it might not be the most sensible financial decision. Liverpool have plenty of other options in midfield so should be in a strong position in that departme...
Ex-President Jonathan: I was judged harshly before 2015 elections because …
Former President Goodluck Jonathan on Tuesday said he was wrongly judged by some of his friends and political opponents before the 2015 presidential election because of his personal convictions and the vision he had for the country. He, however, insisted that he does not hold any grudge against his detractors for their harsh criticisms. It would be recalled that the ex-President was widely criticised, before the election, for his approach to alleged corruption in his administration, the perennial problem of insecurity, and the sacking of some top government functionaries within his administration including the former Central Bank Governor, Sanusi Lamido Sanusi, ex-Chief of Army Staff, Lt. Gen. Azubuike Ihejirika, among other. Speaking in Abuja during the public presentation of a book ‘Dear...
Over 40 million people recover from coronavirus
More than two-thirds of the over 58 million people infected by COVID-19 across the world have recovered from the disease after treatment. The post Over 40 million people recover from coronavirus 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.
Canadian premier urges residents to stay home as coronavirus cases spike
Canadian Prime Minister Justin Trudeau on Friday urged Canadians to stay home, avoid contact with others and follow public health rules to help slow the spread of COVID-19, after health officials warned of a possible explosive surge in virus cases. The post Canadian premier urges residents to stay home as coronavirus cases spike 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.
Spain touts mass vaccine plan, sees light at tunnel’s end
After months of turmoil and over 42,000 deaths, Spain appeared to see light at the end of the tunnel Friday, announcing ambitious plans to vaccinate much of the population by mid-2021. The post Spain touts mass vaccine plan, sees light at tunnel’s end 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.
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Nigerian National Assembly spends billions of naira on constitution review
The perennial constitution amendment exercise by the National Assembly is characterised by proposals that keep resurfacing despite gulping billions of naira yearly, an analysis has shown. The federal parliament had from the 5th to the current 9th National Assembly made several attempts to amend some provisions of the 1999 Constitution to no avail. At every session, the parliament officially spends N1 billion shared equally between the Senate and the House of Representatives. There are reports that the lawmakers spend more than what is appropriated for the exercise. While some amendments were successful, several others suffered serial failures but kept appearing in new proposals. Considering the huge spending, lawyers and civil society groups have pointed out that no significant amendments ...