Right now, a lot of people around the world are looking for new ways to invest. Market upheaval around the world has shaken confidence in traditional stocks, and as some alternative markets have shown resilience, there’s some understandable curiosity about how to invest more creatively. For some, this has translated to more interest in cryptocurrency. We mentioned when discussing ‘The Value of Digital Currency During the Age of COVID-19’ that some are now looking to fund their businesses with digital assets. And the same is true of portfolios. Bitcoin and its fellow cryptocurrencies have performed fairly well in this difficult time, prompting some investors to go ahead and give them a shot.That said, cryptocurrency is still a fairly bold option for a lot of people. They may ...
The South-South Governors Forum on Thursday declared wholehearted support for a forensic audit of Niger Delta Development Commission (NDDC) ordered by President Muhammadu Buhari. It deplored, with great concern, the crisis rocking the commission and said that it was convinced and expecting that the audit would serve to put the NDDC on a sound corporate governance footing and reposition it to better deliver on its mandate. In a statement by Chairman of the Forum and Governor of Delta, Senator (Dr) Ifeanyi Okowa, the governors also gave full backing to the ongoing investigation of the commission by the Senate. According to it, we believe the Senate is operating within its oversight functions through the ad hoc committee set up for that purpose. “It behoves us to respect the Senate oversight ...
Getty Images Netflix is still growing as people continue to shelter in place around the country, but the company is now seeing the slowed subscriber growth executives predicted would arrive three months ago. On top of announcing that longtime chief content officer Ted Sarandos would join CEO Reed Hastings as co-CEO, the company made a few impressive announcements. Netflix added 10.2 million subscribers in its second quarter, beating the company’s own estimates that it made in its first quarter, which suggested it could add around 7.5 million. Netflix noted that it added 26 million paid new subscribers in the first two quarters of 2020 alone; in 2019, the company added 28 million subscribers in total. The company’s revenue grew 25 percent year over year, but missed its revenue goals for the...
President Muhammadu Buhari has read the riot act to ministers, ministries, departments and agencies, warning that any disrespect to the National Assembly will not be tolerated. According to a statement by Senior Special Assistant on Media and Publicity, Garba Shehu, Buhari issued the warning after meeting Senate President Senator Ahmed Lawan and Speaker of the House of Representatives, Femi Gbajabiamila at the State House, Abuja. Garba said the meeting, which lasted for almost an hour, was characterized by an engaging discussion on a range of key issues of National importance particularly the role of the Legislature as a critical component in supporting their common goal and commitment towards improving the lives of the people of Nigeria. The statement read in part: “In the course of their...
The Federal Government is probing reported violations of COVID-19 safety protocols by some high profile Nigerians accessing some of the newly-reopened airports in the country. The probe, government said, involving Adamawa State governor, Ahmadu Fintiri and the former governor of Zamfara State, Abdulaziz Yari, is with a view to sanctioning violators if it is established that they indeed violated the rules, or apologise to them should the result of the investigations exonerate them. Chairman of the Presidential Task Force on COVID-19, PTF, and Secretary to the Government of the Federation, SGF, Mr. Boss Mustapha, who did not mention the names of alleged violators of safety protocols, urged them to desist from flouting the guidelines. He said: “You will all recall that the aviation sector reo...
The Appeal Court on Thursday stayed proceedings in the appeal filed before it by Abott Ogbobula, the former Rivers State Caretaker Committee of the All Progressives Congress (APC) Ogbobula is challenging the judgment of the High Court of Rivers State which affirmed Igo Aguma’s appointment as the party’s Caretaker Committee Chairman in Rivers state. A three-member panel of the appellate Court chaired by Justice Steven Adah in a ruling held that the Court can’t continue in the hearing of the case, as the first respondent has proved to the Court that an appeal has been entered. Ada said: “An affidavit is evidence of proof. The affidavit is showing that an appeal is before the Supreme Court. “The notice of appeal and other processes have been brought to our notice in respect of the ruling of t...