Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out by its Statistics Department revealed that the naira is expected to depreciate further in January 2021. The report, titled, ‘December 2020 Business Expectations Survey Report’ added that there might also be a steady rise in interest rate from December till the next six months. The naira witnessed a sharp fall in recent weeks, reaching its lowest on November 30, 2020, when it exchanged for N500/$1. Since then, the dollar has been hovering between N460 and N470. As of Friday, however, one dollar exchanged for 465 in the parallel market. Also, the Nigerian economy had on November 21 slid into its second recession in five years when the economy shrank again in the third quarter. Th...
“Sometime during Christmas morning while making his coffee, our dear friend and guitar hero Tony Rice passed from this life and made his swift journey to his heavenly home,” Skaggs wrote on Facebook this weekend. “Many if not all of the Bluegrass guitar players of today would say that they cut their teeth on Tony Rice’s music. He loved hearing the next generation players play his licks. I think that’s where he got most of his joy as a player.” Tall and lean, and with an understated live presence that contrasted with the dynamism of his guitar, Rice had health problems over the past quarter-century. A muscle disorder around his vocal cords left him unable to sing onstage, and tennis elbow limited his playing. His last live guitar performance was in 2013, when he was ...
Ghana’s main opposition National Democratic Congress (NDC), which has been crying foul about the results of the 7 December presidential and parliamentary elections, says it is ready to contest the outcome in court. A member of the party’s legal team, Rockson Nelson Dafeamekpor, said on Saturday that the election petition against the results declared by the Electoral Commission (EC) will be filed by Wednesday. “We’ll go to court. We’ve made that clear… Certainly, by Wednesday, all these matters would be placed before the court,” Dafeamekpor was quoted by the local media as saying. Under the electoral laws, the aggrieved party has 21 days to file its petition at the court. This will be the second time in the Fourth Republic, which started in 1992, that the outcome of a presidential election ...
The bluegrass giant, known for his innovative and elegant flatpicking, released dozens of albums dating back to the early 1970s and played alongside such major artists as Dolly Parton and Jerry Garcia. Rice received numerous awards over the decades, including a Grammy in 1993 for best country instrumental performance and was a six-time recipient of the International Bluegrass Music Association’s (IBMA) guitar player of the year honor. His death was confirmed in a statement from the IBMA. Cash tweeted that Rice’s death leaves an “enormous vacancy” in the bluegrass community and that the guitarist “never played a bad note in his life.” Chesney, meanwhile, credited Rice as an inspiration from his childhood and recalled watching the late musician perform at ...
Tim McGraw wrote a heartfelt message to the city on Saturday (Dec. 26): “Trying to find the words….but this is a tough one,” he tweeted. “Yesterday, on Christmas Morning, the world watched as Nashville was hit by another tragedy. It’s been a year….but we will rise again.” “Grateful for the first responders who spent Christmas morning on one of our toughest years ensuring that no lives were lost. We are bruised, but not broken. Praying for my city and hopeful that we will find the strength to rise once again with the dawning of a New Year,” McGraw continued. “Tough year for Nashville,” Brad Paisley said Friday night. “Be safe everyone.” Early Friday morning, Cassadee Pope posted an update from Nashville, writing, “Our house s...
CNN Ex-Senator from Kaduna Central, Shehu Sani, on Saturday visited survivors of a 2012 Boko Haram bomb blast at St Monica Catholic Church, in Malali, Kaduna. In 2012, about eight worshippers had died at the explosion, with several others sustaining injuries. Those who survived the attack lamented that they have since been abandoned to cater for themselves. The survivors used the former lawmaker’s visit to call on the government and citizens for aid to be able to get back their life. A survivor, Polycarp Lawrence, who lost an eye in the attack, said that he has been paying for his medical bills with the little support from the church, which has not been enough. ‘Since the bomb blast of 2012, I have not found my rhythm back in life. Life has been so difficult for me and my family. There has...
Japan will halt all new non-resident foreign arrivals coming from overseas from Monday until late January, Tokyo said Saturday, as the country reported its first cases of a new strain of the coronavirus. Japan currently restricts entry for foreigners from most countries over fears of the virus, requiring all visitors to undergo mandatory quarantine upon arrival. Tokyo now plans to strengthen those requirements: Japanese travellers and foreign residents from countries where the new coronavirus strain has been reported must take tests within 72 hours ahead of their departure for the country and again upon arrival at Japanese airports. It will also strengthen quarantine requirements on all travellers returning to Japan. Citing the Japanese government, the Jiji Press and Kyodo agencies said th...
Federal Road Safety Corps (FRSC) has decried high level of speed and COVID-19 violations by motorists across the country during the yuletide. Zonal Commanding Officer RS9, Enugu, Mr Owoimaha Odoma, disclosed this to newsmen on Friday in Owerri. He said the issue became worrisome as over speeding often led to road crashes, while violation of COVID-19 protocol by motorists could also escalate the dreaded virus in various communities. Udoma, who is the zonal inspection head on FRSC ‘Operation Zero Tolerance to Road Traffic Violation’, warned motorists against over speeding. “We embarked on road monitoring in the states under the zone and we have observed that violations of speed and COVID-19 guidelines were the major challenges on the road during this period. “We started this road inspection ...
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 ...