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FRSC to introduce NIN information for vehicle registration, license — Oyeyemi
Mr Boboye Oyeyemi, Corps Marshal, Federal Road Safety Corps (FRSC), says that the corps will introduce the National Identity Number (NIN) information by first quarter of 2021 for vehicles registration. Oyeyemi revealed this when he featured on the News Agency of Nigeria (NAN) Forum in Abuja on Friday. The corps marshall said that the essence of the NIN was to enhance road safety through the use of technology. He also said that from December, drivers license would no longer be issued without the NIN information. “I must commend the government. With the National Identity Management Commission (NIMC), now we have one national database, one identity. You cannot use double identity now. “You know before some people have about five different identities but now you are forced to pick one. Once yo...
Naira weakens to lowest in three years
The Naira yesterday weakened to the lowest in over three years in the parallel market due to increased demand for dollars amid foreign-currency shortages. The local currency depreciated to N495 to a dollar yesterday, lowest since February 23, 2017, widening the gap with the official rate of N379.5 to over 30 per cent. The currency traded in the interbank market at 389.74 as of 4:54p.m. in Lagos. Agency reports quoted traders as alleging a groundswell of diversion of dollars, a development which heightened scarcity of the green back in the parallel market this week. There is a diversion of inflows away from official channels to the parallel market due to the gap in rates, Murega Mungai, trading desk manager for Aza Finance said in a note Thursday. The market spread has created arbitrage opp...
Nigerian government seeks new Eurobond
The federal government yesterday disclosed that it would approach the Eurobond market next year in its effort to shore up the economy, amidst cocktails of measures being put in place to douse the effects of the Covid-19 pandemic on the economy. On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021. Finance Minister, Zainab Ahmed, who disclosed the Eurobond plan while speaking on Bloomberg TV, explained that the decision would depend on the prevailing interest rates. She, however, did not specify the amount to be accessed from the Eurobond. The Eurobond option is ...
Lagos government plans internship programme for young graduates
The Lagos State Government on Friday said it was planning a six-month Internship Programme for 4,000 young graduates in the state. Lagos State Governor, Mr. Babajide Sanwo-Olu said this during the inauguration of a 28-room Administrative Block constructed by Agboyi-Ketu Local Council Development Area. Sanwo-Olu said that the 4,000 fresh graduates would be paid a monthly stipend of N40,000 for the six months programme, adding that there was an urgent need for government at all levels to prioritise youth development, empowerment and mentoring. According to him, the recent EndSARS protest must be seen as a wakeup call for government at all levels to do more for young people who are demanding for better opportunities and engagements. ”As we prepare for a new fiscal year, let us ensure that ade...
Afenifere: Nigeria becoming ungovernable
Pan-Yoruba sociocultural group, Afenifere, on Thursday declared that Nigeria is on the brink of collapse, insisting that the country must restructure to survive the near precipice. “The truth is that the country has virtually become ungovernable and unless we restructure and restore Nigeria to federalism, the country is on the brink of collapse and God should save us from the worst case scenario,” Afenifere said. This was contained in the communique issued at the end of its national caucus meeting held at the Akure country home of its Leader, Chief Reuben Fasoranti. In the communique signed by the National Publicity Secretary of the group, Mr. Yinka Odumakin, Afenifere asked the Federal Government to immediately implement the report of the 2014 national conference. The group also called on...
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 ...
Anthony Joshua vs Kubrat Pulev bout confirmed for December 12
Getty Images Unified Heavyweight Champion of the World Anthony Joshua OBE will defend his IBF, WBA, WBO and IBO World Titles against Mandatory Challenger Kubrat Pulev at The O2 in London on Saturday December 12, live on Sky Sports Box Office in the UK and on DAZN in all of its nine markets including the U.S., on a show promoted by Matchroom Boxing in association with Top Rank and Epic Sports and Entertainment. Joshua (23-1, 21 KOs) recaptured his belts and position as the Unified Heavyweight World Champion with a masterful unanimous decision victory over Andy Ruiz Jr at the Diriyah Arena in Saudi Arabia on an historical night in December that saw the Heavyweight World Titles contested for the very first time in the Middle East. December 12 will be ‘AJ’s’ first fight on UK soil in over two ...
Rollercoaster: Bitcoiners who missed rally feel relief and regret
Arianna O’Dell, a 30-year-old entrepreneur and songwriter based in New York City, had a tumultuous four-year journey in cryptocurrency before selling her investments in February. During her rollercoaster ride, bitcoin prices swung from less than $1,000 to nearly $20,000. O’Dell may not have made optimal decisions about when to buy or sell, and missed out on the recent rally – but said she does not regret that. Investing $2,705 worth of proceeds into her business was better than enduring the stress of daily fluctuations, even though the price has since doubled, she said. “Honestly, I’ve had more luck in Vegas than I’ve had with cryptocurrencies,” O’Dell said in an interview. She is part of a relatively new class of retail investors who joined the cryptocurrency market years ago, helping pro...
China accuses India of discrimination over latest app ban
Beijing lashed out at India on Wednesday after it banned another tranche of Chinese apps for national security reasons, the latest sore point between the two nuclear-armed neighbours. Tensions remain high between Beijing and New Delhi after a deadly June clash in a disputed border area that left 20 Indian soldiers dead and an unspecified number of Chinese casualties. India banned 43 Chinese apps on Tuesday — including some from e-commerce giant Alibaba — for threatening “sovereignty and integrity”. China said it had “serious concerns” about the move and India’s “so-called pretext of upholding national security”. “The relevant methods clearly violate market principles and WTO guidelines, and severely harm Chinese companies’ legal rights and interests,” said foreign ministry spokesman Zhao L...
Leeds, Liverpool managers shortlisted for FIFA men’s coach of the year
Leeds United manager Marcelo Bielsa and Liverpool boss Jurgen Klopp have been named on the five-man shortlist for FIFA men’s coach of the year. World football’s governing body has released the shortlist for its seven individual awards to be presented at The Best FIFA Football Awards on December 17. Bielsa was an eye-catching inclusion on the five-strong shortlist for Best FIFA Men’s Coach, with the Championship-winning manager named alongside Hansi Flick, Julen Lopetegui, Zinedine Zidane and Liverpool boss Jurgen Klopp. Future England manager Sarina Wiegman has been shortlisted for the women’s coach award along with Emma Hayes, who has three of her Chelsea players shortlisted for women’s player of the year. Ji So-yun, Sam Kerr and Pernille Harder are joined on the shortlist by Manchester C...
NAFEST: Nigeria will lead the world – Senator Okorocha
Sen. Rochas Okorocha, Chairman, Senate Committee on Culture and Tourism, has expressed greater hope that Nigeria will definitely lead the world with the vast culture and tourism potential. Okorocha said this at opening ceremony of the 33rd National Festival of Arts and Culture (NAFEST) held at Rwang Pam Township Stadium, Jos, Plateau on Monday. The theme of the event was “COVID-19 and Cultural Dynamism”. The lawmaker advised Nigerians generally to keep hope alive as the COVID-19 pandemic and the ENDSARS protests which had caused lots of havoc to the nation would be forgotten issues with time. He said Nigeria was only going through a phase that would lead to greatness as some other countries had experienced in the past. He noted that the two incidences had aggravated the nation’s problems o...
Jurgen Klopp: Liverpool will not have 11 fit players without changes
Liverpool manager Jurgen Klopp said the Premier League’s top six could be left without 11 fit players unless changes are made to protect the welfare of stretched squads. Already depleted by an injury crisis, the Reds will play three games in six-and-a-half days this week. Klopp’s men saw off Leicester City 3-0 in Sunday’s late Premier League kick-off and will welcome Atalanta to Anfield in the Champions League on Wednesday before travelling to Brighton for Saturday’s 1230 GMT kick-off. “If we keep playing Wednesday night and Saturday 12.30, I am not sure we finish the season with 11 players, all the top six or seven,” said Klopp in an impassioned interview with Sky Sports, the largest domestic rights holder of Premier League games. Under the terms of a £4.5 billion ($6 billion) deal for th...
