The Ekiti State Police Command has dispelled reports that armed Fulani bandits had stormed Ado Ekiti, the state capital. The state’s Commissioner of Police, Tunde Mobayo, said it is important to allay the fear that engulfed residents of the town when the news made the rounds on Wednesday. A report had trended online on Wednesday that a truck loaded with Hausa-Fulani men, all armed with AK-47 rifles and other weapons, had arrived at the Shasha market, along Ikere Road in Ado Ekiti. Mobayo, in a statement signed by the Command’s spokesman, ASP Sunday Abutu, and made available to reporters on Wednesday night, explained that the report was concocted by purveyors of fake news, and should be disregarded by residents of the town. The statement, entitled “No Armed Hausa/Fulani Invaded Shasha Marke...
Nigeria on Friday recorded 63 new coronavirus infections in seven states and the Federal Capital Territory (FCT). The new figure raised the total number of infections in the country to 166,254, an update published by the Nigeria Centre for Disease Control (NCDC) Friday night indicates. According to the update, no new death was recorded from the virus, which has already claimed 2,071 lives in the country. The data shows that the new COVID-19 cases were reported in seven states and Abuja. Lagos recorded 25 cases, closely followed by Ondo with 22. Rivers State reported six while Akwa Ibom and Kaduna reported three each. Also, Kwara State reported two while Ebonyi and FCT reported one each. A breakdown of the data shows that 11 people were discharged on Friday after testing negative for the vi...
President Muhammadu Buhari has arrived in Paris for the Financing Africa Summit. The president left Abuja Sunday for the summit which is being hosted by President Emmanuel Macron of France. According to Buhari’s spokesperson, Garba Shehu, the summit will draw major stakeholders in the global finance institutions and some Heads of Government, who will, collectively, discuss external funding and debt treatment for Africa, and private sector reforms. “During the visit, President Buhari will meet with the French President to discuss growing security threats in Sahel and Lake Chad region, political relations, economic ties, climate change and partnership in buoying the health sector, particularly in checking spread of Covid-19, with more research and vaccines. “Before returning to Nigeria, Pres...
The crisis among pensioners on Sunday got messier as Federal Civil Service Pensioners (FCSP) finally opted out of the Nigeria Union of Pensioners (NUP) over alleged denial of the branch’s rights and privileges. Members of FCSP also premised their decision on “illegal and unconstitutional” appointment of a caretaker committee by the NUP at its April National Delegates Conference held in Abuja. FCSP announced it was pulling out from NUP in a communique issued at the end of the emergency NEC meeting of the union which was held at Labour House by its national chairman, Omezi Sunday. Sunday explained that opting out became necessary over the lingering trade dispute between the FCSP and the NUP. According to him, the protracted impasse is occasioned by the blatant refusal of the NUP to give a co...
Nigeria’s naira remained stable against the U.S. dollar at the unofficial market on Friday, data posted on abokiFX .com, a website that collates parallel market rates in Lagos showed. The data posted showed that the naira closed at N485.00 at the black market, the same rate it exchanged hands with the greenback in the previous session on Thursday. Similarly, the local unit remained stable at the official market. Data posted on the FMDQ Security Exchange window where forex is officially traded showed that the domestic unit again closed at N410.00 at the trading session of the NAFEX window on Friday. Friday’s performance came to be as forex supply slumped significantly. The naira experienced an intraday high of N394.00 and a low of N436.40 before closing at N410.00 on Friday, the same rate i...
Understanding the strength of small businesses
The number of small businesses keeps growing in the formal and informal sectors of the Nigerian economy, due to the role of small businesses as the live-wire of any economy and the backbone of major developed economies the world over. Though Nigeria rely majorly on oil and revenues derived from it, from context observation the economy is largely supported by small businesses covering almost all spheres of activities within the country, ranging from Nano, kiosk, and Micro businesses most importantly. A visible reference usually includes the vulcanizers, corner shop owners, single retail marketers, repairers, painters, business center operators, restaurants, market women, and men in the various open markets, among others. and the formal operations such as the law firms, accounting firms, con...