Thursday
US Democrat Senate wins push stocks higher despite Capitol chaos
Clean sweep by Democrats allows them to enact big-spending policies likely to benefit the economy, investors say. Global stock markets rose and bonds nursed losses on Thursday in anticipation of a big-borrowing and big-spending Democratic administration driving growth, following runoff elections that gave the party control of both houses of the United States Congress. On Wednesday, US Treasury bonds had suffered their steepest selloff in months after Democratic Party victories in two races in the state of Georgia handed them narrow control of the Senate and the power to pass their agenda. US S&P 500 futures rose 0.6 percent and Nasdaq 100 futures rose 0.9 percent as markets seemed to shake off a late fade that pulled Wall Street indexes back from fresh record peaks when chaotic protest...
Russian coronavirus vaccine trials begin in UAE as cases rise
Abu Dhabi has started Phase III clinical trials of Russia’s experimental COVID-19 vaccine, known as Sputnik V, amid a surge in infections in the United Arab Emirates, Abu Dhabi’s media office said on Thursday. The human trial, announced in October before the recent rise in cases, is initially seeking up to 500 volunteers to be vaccinated at a hospital in the emirate of Abu Dhabi. Two doses of the vaccine will be given, 20 days apart, to volunteers, the statement said. Participants will have to be 18 years or older, have not previously been infected with COVID-19 or participated in other COVID-19 vaccine trials, it said. The UAE is also conducting Phase III trials of a COVID-19 vaccine developed by China National Pharmaceutical Group (Sinopharm). The UAE has approved the vaccine and it is a...
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...
Nigerian government borrows over N2 trillion from bond investors in 2020
Leveraging on excess liquidity that persisted in the banking system and the near zero yields on treasury bills (TBs), the Federal Government, through the Debt Management Office (DMO), raised N2.1 trillion from investors in its monthly bond issuance programme in 2020. This represents 33 percent, year-on-year, (y/y) increase when compared with the N1.58 trillion raised by the DMO in 2019. The N2.1 trillion raised in 2020 also represents 31 percent more than the N1.6 trillion funding target for the DMO under the Revised 2020 Budget. Meanwhile, the monthly bond auctions conducted by the DMO in 2020 recorded 275 percent oversubscription, reflecting scramble for the high yielding FGN bonds by investors. Newsmen report on monthly bond auction results show that the DMO offered N1.825 trillion wort...
Bandits kill kidnapped Niger village head
The village head of Madaka, Alhaji Zakari Yau, in Niger State who was kidnapped last week has reportedly been murdered by bandits. Yau who was first kidnapped three months ago before being released and again taken into the custody of bandits was reportedly killed on Christmas day. The murder of the traditional ruler brings the number of people killed by bandits in Madaka to four. The bandits during the December 20 raid first killed the local head of the vigilante in the town, Ishyaku Alhassan, his son Abdulhamid Ishyaku and one other person. Reports from freed victims said that the village head was killed after being tortured by bandits who sometimes sat on him while smoking Indian hemp. It was gathered that the monarch was even forced by the bandits to smoke the weeds. The Chief of Staff ...
Millions of Americans risk losing jobless benefits as Donald Trump refuses to sign aid bill
Millions of Americans are about to see their jobless benefits expire on Saturday as U.S. President Donald Trump has so far refused to sign into law a $2.3 trillion pandemic aid and spending package, insisting that it did not do enough to help everyday people. Trump stunned Republicans and Democrats alike when he said this week he was unhappy with the massive bill, which provides $892 billion in badly needed coronavirus relief, including extending special unemployment benefits expiring on Dec. 26, and $1.4 trillion for normal government spending. Without Trump’s signature, about 14 million people could lose those extra benefits, according to Labor Department data. A partial government shutdown will begin on Tuesday unless Congress can agree a stop-gap government funding bill before then. Af...
Bandits kill PDP chieftain, kidnap three daughters in Niger
A chieftain of the Peoples Democractic Party in Kampala ward of Bosso Local Government Area of Niger state, Alhaji Ahmodu Mohammed, has been killed by bandits. Ahmodu’s three daughters were also kidnapped by the bandits. An eyewitness told newsmen that the murder of Alhaji Mohammed, a successful farmer, took place Thursday after the bandits had paid two previous visits to his community. The armed men were said to have previously attacked traders at the popular Beji market. Thursday’s raid by the bandits who numbered about 15 and carried dangerous weapons took place around 2.00am, it was learnt. A family source told newsmen that: “This is the third time that the bandits are attacking the man. They have been coming before but they couldn’t succeed because the man is very powerful”. “He was s...
Italy reports 459 coronavirus deaths on Friday – ministry
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...
Lagos governor recovers from coronavirus, urges precautions
The Lagos State Governor, Mr. Babajide Sanwo-Olu, on Thursday announced his recovery from COVID-19 infection, having tested negative, following 14 days of treatment. Addressing State House correspondents at ‘Lagos House’, Marina, Sanwo-Olu said that he experienced moderate symptoms like headache, cough, among other COVID-19 symptoms. He thanked the people of Lagos and the medical team for their care, prayers, and concern throughout his isolation. “I was fortunate to have had a relatively moderate COVID-19 experience. About one in every 10 persons who contracted the disease in Lagos State were not so lucky; they have to go into intensive care, and some of them did not make it out alive. “For this reason, my gratitude is deep and profuse. And it is also for this reason, that I am here to app...
Olisa Metuh leaves Kuje prison
Former National Publicity Secretary of the Peoples Democratic Party, PDP, Chief Olisa Metuh, has been released from Kuje prisons following the court judgment that upturned his conviction. Newsmen gathered that Metuh left the prison about 4.46pm. on Thursday. Metuh was joyful, according to one his close aides who spoke with newsmen after he left the correctional faciility at Kuje where he had been held since February 25, 2020. “Yes, Oga has just left about two minutes ago,” one of Metuh’s aides told newsmen. He was seen off by the FCT Comptroller of Correctional Facilities and the head of Kuje Correctional Facility. Metuh was sentenced by Justice Okon Abang to seven-year imprisonment on the allegation of money laundering on February 25, 2020. However, the Court of Appeal penultimate Wednesd...
FIFA increases Africa’s women’s world cup slot to 6
FIFA has increased Africa’s slots at the 2023 FIFA Women’s World Cup to be held in Australia and New Zealand from three to six. The decision was one of the major decisions the Bureau of FIFA Council took on Thursday, December 24, when it met to discuss the fate of upcoming FIFA competitions. Africa in time past had three direct slots, which were given to the top three performing teams at the Africa Women’s Championship. The new decision, which is due to the expansion of the competing teams from 24 to 32 teams, will mean that Africa will have four direct slots and two others fighting in play-offs. The two host countries, Australia and New Zealand, will automatically qualify for the 2023 World Cup and their slots have been taken directly from the quotas allocated to their confederations, nam...
Nigerian youth union settles NANS factions
Nigerian Youth Union (NYU) has successfully intervened in the crisis that followed the National Delegates’ Conference of the National Association of Nigerian Students (NANS) which led to the emergence of Sunday Asefon as NANS President. NYU hosted the two factions in NANS Zone B, Jeremiah Friday Ohomah of Federal University of Petroleum Resource Effurun and Friday Offongekpe Etinyene of the University of Uyo, at the NYU National Secretariat Abuja, to possibly resolve the issues that might have arisen from the election. NYU President, Comrade Chinonso Obasi, in a statement released in Abuja, on Thursday, confirmed that the meeting was successful as aggrieved parties agreed to suggestions that would herald peace and unity in NANS. Obasi reiterated that one of the core mandates of the NYU is ...
