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Anambra records 89 new coronavirus cases
Anambra State has recorded 89 new confirmed cases of coronavirus in its second wave, bringing the total confirmed cases in the state to 169 as of January 13, C-Don Adinuba, the Commissioner for Information and Public Enlightenment, has said. Mr Adinuba, in an interview with newsmen on Thursday in Awka, urged the citizens of the state to shield themselves from the COVID-19 pandemic following the second wave in Nigeria. He said the need to repeat the precautionary call was as a result of a considerable increase across the state, with 453 confirmed cases and 334 persons discharged. According to him, it is a worrisome situation with the state having recorded a total of 14,267 tests done. He appealed to the public to comply with all precautionary measures in order to sustain the health safety m...
#EndSARS: It’ll take long to rebuild destroyed property – Governor Sanwo-Olu
Governor Babajide Sanwo-Olu of Lagos State, said, yesterday, that it would take the state time to rebuild the properties destroyed during the EndSARS protests. This came on a day the Lagos State government disclosed that the 2021 budget of N1.164 trillion would be funded from a revenue estimate of N971.028 billion in the fiscal year, with a target on the expansion of tax nets. Governor Sanwo-Olu stated this while briefing State House correspondents, after meeting behind closed doors with President Muhammadu Buhari, at the Presidential Villa, Abuja. He said the meeting dwelt more on the second wave of the Coronavirus pandemic, security situation and the impact of the #EndSARS protests in the state. On rebuilding Lagos after the EndSARS protests, he said: “It is also some of the things I dis...
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...
Afe Babalola: Many Nigerian graduates cannot defend certificates
File Photo Aare Afe Babalola (SAN), the founder of Afe Babalola University, Ado Ekiti, has said that the quality of education in Nigeria had degenerated to the extent that many graduates cannot defend their certificates. Babalola, who expressed displeasure at the growing declining standards of education, particularly university education, called for urgent action to correct the trend before it was too late. He said this during a reception for 37-year-old Prof Damilola Sunday Olawuyi, the Deputy Vice-Chancellor, Academic, Research, Innovation and Strategic Partnerships of the institution who recently became a SAN. The ABUAD founder, who spoke on how his law chambers produced 24 SANs including Olawuyi of his university, said, “I love bright, hardworking and industrious people, like Prof Olaw...
Imo governor orders workers to stay home over spike in coronavirus
Imo state governor, Hope Uzodimma, yesterday ordered the workers in the state, to stay home from Monday next week till further notice, ahead of the festive period. The governor in his state-wide broadcast to Imo people in Owerri, said that the reason was that due to the expected influx of people coming home for Christmas that there could be a surge in the cases of covid -19. Uzodimma while wishing his people fruitful Christmas celebration noted that the wearing of facemask would be compulsory and that mobile courts would be deployed to within the state, to enforce the order. He continued: “My dear good people of Imo State, it is with a great sense responsibility that I address you on this auspicious season of Christmas.In normal times, with just a few days to Christmas, I should be saying ...
Why coronavirus will not be last pandemic – UN report
United Nations The Coronavirus (COVID-19) pandemic, the latest crisis facing the world, will not be the last until humans release their grip on nature, says a new UN report published on Tuesday. According to the report titled “The Next Frontier: Human Development and the Anthropocene,” world leaders need to take bold steps to reduce the immense pressure that is being exerted on the environment and the natural world, or humanity’s progress will stall. “Humans wield more power over the planet than ever before. Redefining issues of our time “In the wake of COVID-19, record-breaking temperatures and spiraling inequality, it is time to use that power to redefine what we mean by progress, where our carbon and consumption footprints are no longer hidden,” said Achim Steiner, the Administrator of ...
Air passengers decry upsurge in fares, seek urgent attention to roads, railway
Nigerians, who travel by air, have decried the “sudden” upsurge in air fares and urged the Federal Government to intervene to avoid poor patronage that could dwindle the fortunes of the aviation industry. Newsmen report that the air fares shot up by about 100 per cent in the last one week, with some airline operators even raising their fares by as much as 120 per cent or more. At Nnamdi Azikiwe International Airport, Abuja, the fare from Abuja to Lagos, which was N35,300 (Economy Class), rose to between N70,000 and N75,000. Newsmen found that Business Class travellers were charged between N100,000 and N120,000, depending on the airline. Our correspondents, who visited other airports across the country, found that the rise in airfares was the same, a situation that forced some passengers to...
Profit taking persist on NSE, market capitalisation loses N232 billion
Nigerian stock market closed on a negative note for the fourth straight session on Thursday with the market capitalisation losing N232 billion. Specifically, the market capitalisation which opened at N18.304 trillion dipped N232 billion to close at N18.072 trillion. Also, the All-Share Index lost 464.00 points or 1.32 per cent to close at 34,557.26 compared with 35,021.26 achieved on Wednesday. Accordingly, month-to-date loss increased to 1.3 per cent, while year-to-date gain moderated to 28.8 per cent. The downward trend was also driven by price depreciation in medium and large capitalised stocks amongst which are; Lafarge Africa, Guinness Nigeria, Zenith Bank, Dangote Sugar Refinery and MTN Nigeria Communications (MTNN). Market breadth was strongly negative with 40 laggards, in relative ...
43 Nigerian Navy personnel wanted for desertion
Sundiata Post The Nigerian Navy, NN has released names of its 43 personnel who are currently wanted for desertion. A circular containing the names and photographs of the deserters is displayed at the Navy Headquarters in Abuja. The public with useful information that could lead to the arrest of the fleeing officers are requested to report to the nearest Naval facility or Police station. The circular also mandated all Navy Personnel with information on the whereabouts of the 43 personnel to arrest them or be dealt with as an accomplice. Although no reason was given for the disappearance of the officers, it was gathered that most of the deserted officers were serving on Naval Vessels and ship on foreign missions and absconded when the ship berthed in countries in Europe. The circular read, “...
Ogun governor presents N339 billion 2021 budget proposal
Gov. Dapo Abiodun of Ogun, on Wednesday, presented a budget proposal of N339 billion for the 2021 fiscal year to the state House of Assembly, with N177 billion earmarked for capital expenditure. Newsmen report that the budget, christened “Budget of Recovery and Sustainability,” also has N162 billion proposed for recurrent expenditure. The governor said that an estimated N119 billion was projected as internally-generated revenue for the state, with statutory allocation expected to be N59 billion. He stated that capital receipt, which included internal and external loans as well as grants and aids, stood at N142 billion. The governor stated that personnel cost remained the largest single item of expenditure, adding as at Oct. 31, it accounted for 35.5 percent of the total government spending...
Holiday shopping moves online amid surging coronavirus, retailers face shaky prospects
File Photo Long lines and crowds at shopping centers have been as much a Thanksgiving tradition as the turkey dinner, but this year, things could look different. As COVID-19 numbers continue to surge, rushing to brick-and-mortar retail stores might seem not so appealing to many, and the holiday shopping season is moving online. “More and more shopping was already moving online, but COVID-19 concerns are definitely accelerating the shift to online buying,” David Reibstein, a marketing professor from Wharton School at the University of Pennsylvania, told Xinhua. The trend is evident as shown by recent data. Walmart, the nation’s largest retailer, reported that its third-quarter e-commerce sales surged 79 percent from a year ago. Amazon, the largest e-commerce retailer, reported a 37 percent ...
Food insecurity looming as prices of foodstuff skyrocket in Taraba
Prices of Food stuffs has gone up in Taraba state, finding revealed. It was noticed that the prices is increasing on weekly basis across the state. The post Food insecurity looming as prices of foodstuff skyrocket in Taraba 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.
