archiveJune 25, 2020

The Minister of State for Education, Mr Emeka Uwajiuba, says the ministry now has sufficient information to make decision on school reopening. He however said that such information and decision would have to be presented to the Presidential Task Force (PTF) on COVID-19. The minister said this at the Presidential...

Dubai Police have seized Dh150 million ($40.9 million) in cash and more than a dozen luxury cars in the arrest of an Instagram celebrity, Raymond Abbas, known as Hushpuppi, who has been accused of online fraud and money laundering. The police in their investigation discovered that Hushpuppi and gang have...

The National Lottery Trust Fund (NLTF) has expressed gratitude to the Economic and Financial Crimes Commission (EFCC) for its intervention making two frontline lottery operators: Premier Lotto a.k.a Baba Ijebu and KC Gaming, a.k.a Bet9ja to remit a total of N1billion to the federal government, being arrears of debt they...

He was said to have died of COVID-19 complications at First Cardiology Specialist Hospital, Lagos. He was 70. Our source in Ibadan said that Ajimobi breathed his last at about 4pm. Oyo House of Representatives member, Akin Alabi, also tweeted: “Forever in my heart.” Ajimobi was the first Oyo governor...

The World Bank has predicted that the collapse in oil prices coupled with the effects of the COVID-19 pandemic would plunge the Nigerian economy into a severe economic recession, the worst ever witnessed since the 1980s. The Bank made the prediction in its latest Nigeria Development Update (NDU) titled: “Nigeria...

The National Executive Committee of the APC has approved the dissolution of the National Working Committee (NWC) of the party, appointing Gov. Mai Mala Buni of Yobe as Caretaker Chairman of the party. The News Agency of Nigeria (NAN) reports that Buni was swore-in by the Attorney General and Minister...

• Nigeria may need to effect further exchange-rate adjustment • Higher inflation may push another 5 million into poverty Nigeria’s banking system is at risk of being destabilized as the coronavirus pandemic triggers what might be the worst recession in four decades for Africa’s largest economy, according to the World...

By Chubi Eze In a surprise move, Nigeria’s president Muhammadu Buhari has announced that he will attend a meeting to be convened tomorrow by Mr Victor Giadom, one of the two men laying claim to the leadership of the All Progressives’ Congress (APC), which controls the presidency and both houses...

Sabrud Consortium, an indigenous electricity prepaid metre manufacturing firm, has urged the Federal Government to grant special forex regime to the sector. It also applauded the upward review of metre prices by Nigerian Electricity Regulatory Commission (NERC) which took effect on June 1. The firm said also that the increase...

Thirty European countries have seen increases in COVID-19 cumulative cases in the past two weeks, with 11 of them experiencing significant resurgence, WHO Regional Director for Europe Hans Kluge said on Thursday. “Last week Europe saw an increase in weekly cases for the first time in months. “For weeks, I...