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Central bank chief to engage governors on pension funds utilization for infrastructure
Bloomberg Mr Godwin Emefiele, the Central Bank Governor, will tomorrow Wednesday, 2nd December 2020, meet with Governors of the 36 states, under the aegis of Nigerian Governors’ Forum, to discuss how to access Pension Funds for Infrastructure Development in the country. Abdulrazaque Bello-Barkindo, Head, Media and Public Affairs of NGF, made this known in a statement made available to newsmen on Monday. According to Bello-Barkindo, the forum will be the 22nd NGF Teleconference meeting which would also seek to evolve a new national security order that will ensure safety of lives and property nationwide. “As part of the effort, beginning at the subnational level, the Forum will be receiving zonal updates on SARS and Internal security at its Wednesday meeting. “Similarly, the Forum will also ...
US braces for continued surge in coronavirus cases, hospitalisations
As newly reported cases of the coronavirus continued to spike across much of the United States, breaking records for hospitalisations, some local leaders are moving to enact more stringent restrictions. US officials had pleaded with Americans to avoid travel and limit social gatherings as the nation entered its winter holiday season. But many appear to have disregarded those pleas over the long Thanksgiving weekend as the Transportation Security Administration screened nearly 1.2 million airline passengers on Sunday, the highest since mid-March. That number is still about 60 percent lower than the comparable day last year when 2.88 million passengers were screened, the highest ever recorded by the agency. Health officials say they are now preparing for a wave of cases over the next two or ...
Sri Lanka coronavirus prison riot leaves eight dead, over 50 wounded
At least eight prisoners were killed and more than 50 injured in clashes with guards at a Sri Lankan prison, officials said on Monday, as authorities tried to quell a protest over rising corornavirus infections in the country’s crowded jails. Sri Lanka has witnessed an upsurge in coronavirus cases in the past month and over-congested prisons across the country have reported thousands of fresh infections. Inmates have staged protests in recent weeks demanding an increase in coronavirus testing and new isolation facilities for infected prisoners. The latest clash at Mahara prison situated on the outskirts of the capital Colombo started on Sunday when some inmates protested against prisoners infected by the Covid-19 virus being transferred from other facilities to Mahara. “We can’t say it for...
Austin Okocha: Super Eagles don’t have natural offensive midfielders
Former Super Eagles captain, Austin Okocha, has revealed that the current team lacks ‘natural’ offensive midfielders, newsmen report. Okocha believes the Eagles need midfielders who can get on the ball and pick a pass as well as drive at the opposition consistently. Gernot Rohr in the last one year played Alex Iwobi and Joe Aribo in the No.10 role for the Eagles but both players have not been convincing in recent games. “What the Eagles need now are natural midfielders who can create chances and change the course of a game. “We need midfielders who can run at defenders and a pick their teammates with good passes,” Okocha said during a radio programme ‘No Holds Barred’ on Brila FM. “We have good midfielders but not in at that level at the moment. Some of them are just scared and the fact th...
OPU: Security situation in Nigeria coloured with nepotism
The Oodua Progressive Union, OPU, Sunday, lamented that the security situation in Nigeria is being coloured with nepotism, sectionalism, and lack of competence. The group, in a communiqué at the end of the meeting, said: “OPU is disturbed with the news coming from home, regarding the killing of a first-class Yoruba monarch, the Olufon of Ifon, Oba Adegoke Adeusi in Ondo State. “We also condemn, in totality, the dastardly acts of Fulani herdsmen who yearly burn down Chief Olu Falae’s farm. In the same vein, we commend Amotekun in the rescue of the wife of the Chief of staff to the governor of Ondo State. “After careful observation of the 1999 Constitution, we realised that the document was unfit and unproductive, making it the source of nearly all our problems. “As a group that is poised fo...
President Buhari condemns ‘insane’ killing of farmers by Boko Haram in Borno
President Muhammadu Buhari has expressed grief over the killing of farmers on rice fields at Zabarmari in Jere Local Government of Borno, describing the terrorist killings as insane. The president made the condemnation in a statement by his Senior Special Assistant on Media and Publicity, Malam Garba Shehu, in Abuja on Sunday. Buhari said the government had given all the needed support to the armed forces “to take all necessary steps to protect the country’s population and its territory.” Buhari said: “I condemn the killing of our hardworking farmers by terrorists in Borno State. ”The entire country is hurt by these senseless killings. My thoughts are with their families in this time of grief. ”May their souls Rest In Peace.” Newsmen report that about 43 farmers were murdered while unspeci...
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...
President Buhari urges Nigerians to pray for peace, unity
President Muhammadu Buhari has urged Nigerians to continue to pray for peace, unity and stability in the country. The president made the call in an address at the 70th anniversary of the Qaddriyya on Saturday in Kano. Buhari, represented by Alhaji Sabo Nanono, Minister of Agriculture and Rural Development, said the call was imperative to foster unity and address security challenges in the country. He enjoined the youth to avail themselves of the opportunities of agriculture and economic empowerment programmes initiated by the Federal Government to learn trades, become self reliant and engage in productive activities. Buhari expressed delight over the conduct of the event and commended the Leader of the Qadiriyya, Sheikh Qaribullah Nasiru-Kabara for his support and constant prayers for the ...
Tigray unrest: Sudan needs $150 million to help Ethiopian refugees – UN
UNHCR Sudan needs $150 million in aid to cope with the flood of Ethiopian refugees crossing its border from conflict-stricken Tigray, the UN refugee agency chief said Saturday during a visit to a camp. The Tigray conflict broke out on November 4 between Ethiopia’s federal forces and leaders of the region’s ruling party. Sudan has since hosted more than 43,000 Ethiopian refugees fleeing from the intense fighting into one of its most impoverished regions. “Sudan needs $150 million for six months to provide these refugees water, shelter and health services,” said UN High Commissioner for Refugees Filippo Grandi at Um Raquba camp, some 80 kilometres (50 miles) from the border. Grandi called on “donors to provide Sudan with these resources as soon as they can”. Between 500 and 600 refugees are ...
US sanctions Chinese, Russian firms over Iran dealings
The US on Friday announced economic sanctions on Chinese and Russian companies that Washington said had supported the development of Iran’s missile program. The four firms, accused of “transferring sensitive technology and items to Iran’s missile program,” will be subject to restrictions on US government aid and on their exports for two years, Secretary of State Mike Pompeo said in a statement. The sanctions, imposed Wednesday, were against two Chinese-based companies, Chengdu Best New Materials and Zibo Elim Trade, as well as Russia-based Nilco Group and Joint Stock Company Elecon. “We will continue to work to impede Iran’s missile development efforts and use our sanctions authorities to spotlight the foreign suppliers, such as these entities in the PRC (China) and Russia, that provide mi...
Firm restates commitment to enhance financial inclusion
Nigeria-based fintech solution, NowNow, has said that it will continue to upgrade its services to attune to current realities, such that will drive economic and social growth. Founder of NowNow, Sahir Berry, while speaking on how COVID-19 pandemic has disrupted the financial space recently, mentioned that Nigeria needs to strengthen its fintech space more than before. Berry stated that it was important for Nigeria to tap into the trends and prospects of fintech given the country’s large unbanked or underbanked. He added the company recognised this gap in Nigeria, which informed its investment in the space. “In 2017 we identified that one of the two big problems in Nigeria was lack of youth empowerment and financial inclusion. With a population of almost 100 million youths, we found that ac...
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 ...
