Politics
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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...
Leicester edge up to second despite draw vs Crystal Palace
A much-changed Leicester moved up to second in the Premier League thanks to Harvey Barnes’ late equaliser in a 1-1 draw at Crystal Palace on Monday. Wilfried Zaha’s stunning near post volley put the Eagles in front against the run of play after Kelechi Iheanacho had a first-half penalty saved for Leicester. With little over 48 hours rest between the Foxes’ 2-2 draw with Manchester United on Saturday and the trip to Selhurst Park, Leicester boss Brendan Rodgers made seven changes with Jamie Vardy and Youri Tielemans among those left on the bench. Both were introduced midway through the second-half and Leicester’s pressure was rewarded with an equaliser when Barnes fired in a low shot from the edge of the box for his eighth goal of the season. Despite the upheaval of missing many of their st...
Arsenal defender tests positive for coronavirus
Arsenal have confirmed that defender Gabriel Magalhães has tested positive for coronavirus. Gabriel has impressed since joining from Lille in the summer, making 15 appearances across all competitions. The 23-year-old is expected to miss the next two matches whilst he self-isolates, as per the UK Government’s guidelines. Get more stories like this on Twitter 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.
Coronavirus: School reopening, worship centres, others caused second wave – Prof. Abayomi
The Lagos State Commissioner for Health, Prof. Akin Abayomi, has attributed the reasons for the second wave of COVID-19 to the opening up of the economy, the re-opening of schools, large religious congregations, and social gatherings among others. A statement from the Lagos State Ministry of Health quoted the commissioner as saying this while giving an update on the State Government’s response against the second wave of COVID-19 at a press briefing held in Ikeja on Monday. The statement titled, ‘COVID-19: Lagos admonishes residents’, was signed by the LSMOH Director of Public Affairs, Tunbosun Ogunbanwo. “Abayomi attributed the reason for the second wave of COVID19 to include, opening up of the economy; general laxity, false sense of security and non-adherence to safety guidelines by citiz...
Ondo tertiary institution workers suspend strike
Workers of Ondo State-owned tertiary institutions, on Monday, suspended their 14-day warning strike. The workers under the auspices of the Joint Action Committee of the Ondo State Tertiary Institutions had embarked on the strike following non-payment of their salaries and allowances by the state government. The members of the JAC include the Joint Action Committee of Senior Staff Association of Nigerian Universities, the Non-Academic Staff Union, the Nigeria Association of Academic Technologists, and the Senior Staff Association of Nigerian Polytechnics. The workers announced their decision in a statement issued by the Chairman of JAC, ODSTI, Peter Akindehinde on Monday evening. The statement was titled ‘Suspension of 14-day warning strike’. According to the statement, the suspension of th...
Coronavirus: Rivers governor threatens to shut down churches
Rivers State Governor Nyesom Wike has threatened to shut down churches if they fail to comply with the COVID-19 guidelines. Wike made this known during the thanksgiving service in celebration of the 90th birthday of Priscilla Mark, held at St. Martin’s Anglican Church, Omagwa in Ikwerre local government area of the state. He lamented the refusal of residents to use face masks, especially in churches and markets. “When you go to most churches, they don’t wear masks. Go to markets, they don’t wear masks. They believe COVID-19 is not real. It’s not real because it has not happened to you. Nobody has died whom you know that is very close to you. But if somebody has died and the person was close to you, you’ll know that COVID-19 is real,” he said. “I want to appeal to all of you that we have to...
President Ramaphosa bans alcohol sales in South Africa
South African President Cyril Ramaphosa on Monday announced a ban on alcohol sales and said mask-wearing would be mandatory in public as his country became the continent’s first to record one million coronavirus cases. Ramaphosa said during a televised speech that alcohol would be temporarily banned from midnight to help emergency services already under pressure. He also announced it would be “compulsory for every person to wear mask in public spaces,” saying it was a “drastic measure, now necessary”. Get more stories like this on Twitter 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 photo...
4 Ways Technology is Recreating the Offline Retail Experience Online
As the COVID-19 pandemic catalyses the move to eCommerce, new technologies are attempting to bridge the gap between offline and online retail by offering rich and immersive experiences that replicate in-person shopping and redefine how people experience online shopping. In brick and mortar stores, consumers are able to try, touch, and fully experience products before purchasing them, something eCommerce has until now, failed to replicate. /* custom css */ .tdi_3_0f9.td-a-rec-img{ text-align: left; }.tdi_3_0f9.td-a-rec-img img{ margin: 0 auto 0 0; } But, immersive technologies like augmented reality (AR), 360° video, 3D content and virtual reality (VR) are proving to be the next frontier in eCommerce, providing shoppers with greater purchasing certainty, personalization, and control o...
Edo election: APC, deputy governor bicker over court case
Edo State chapter of the All Progressives Congress (APC) and the Deputy Governor of the state, Rt. Hon Philip Shaibu has engaged in a war of words over a pre-election matter in the court as Shiabu alleged that the former National Chairman of the APC, Comrade Adams Oshiomhole had recently said that the Supreme Court would give his party victory like the case of Imo state. But in a statement yesterday by the State Publicity Secretary of the APC, Chris Azebanmwan, the allegation which he described as weighty was false and that Shaibu was engaging in a smear campaign against Oshiomhole. He said, “The statement which he credited to Comrade Adams Oshiomhole is a blatant falsehood as no such words emanated from the elder statesman. It is a smear campaign that is aimed at tarnishing the pristine i...
Nigeria fines UK, South African airlines for breach of coronavirus protocol
The Nigerian government has rolled out punitive measures against foreign airline operators flying into Nigeria, particularly those from the United Kingdom and South Africa whose passengers allegedly violated the reviewed travel protocols announced by Nigeria’s regulatory body for aviation NCAA. The agency, in a circular issued on December 26 by its director-general Musa Nuhu, disclosed that airlines from the affected countries shall be fined $3,500 for each passenger that flouts the guidelines, which were reviewed to prevent an outbreak of the new variant of the coronavirus recently reported in the UK and South Africa. The circular stated that repeated non-compliance by any carrier would result in the suspension of the airline’s permit to fly into Nigeria, as defaulting passengers are boun...
Nigeria Defence Academy commandant’s house gutted by fire
The official residence of the Commandant of the Nigeria Defence Academy, NDA, Major General Sarham Jamil, was on Sunday night gutted by fire. Eye witness say it is not certain which part of the official residence, situated near Sultan Bello Mosque in Unguwar Sarki GRA, the fire started from but flames were sighted around 8pm. He said fierce looking soldiers prevented civilians around Unguwar Sarki from gaining entrance to render assistance. Newsmen reports that for decades, the house has been the official residence of the commandants of the military institution. It shares a fence with the prestigious Arewa House and the Guest House of Emir of Katsina in Kaduna and the residence of former Minister of state, Defense, Alhaji Batagarawa. Another witness said the men of the Nigeria Fire Service...
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 ...