archiveAugust 2020

World Bank President, David Malpass, said that a more ambitious debt relief plan is needed to save poorer countries from sliding into pandemic-induced “depression”. “This is worse than the financial crisis of 2008, and for Latin America, worse than the debt crisis of the 1980s,’’ Malpass said. He added that...

The National Drug Law Enforcement Agency (NDLEA) has uncovered another 40ft container loaded with tramadol and other banned drugs at the Brawal terminal in Lagos. A statement by the NDLEA Head of Public Affairs, Mr Jonah Achema, said the Chairman, Col. Muhammad Abdallah retired, disclosed this on Wednesday in Abuja....

The cryptocurrency market is looking strong this week, with both bitcoin and ether hitting new yearly highs on Monday. BTC closed within touching distance of $12,500 - a level not seen since July 2019 - while ETH also touched $450 after gaining almost 10% over the last week. Can this...

Barcelona has appointed Ronald Koeman as their next coach, the club said in a statement on Wednesday. Koeman, who has left his role as manager of the Netherlands, has signed a two-year-deal with Barcelona, who sacked Quique Setien on Monday after he presided over the club’s worst defeat ever in...

The Nigerian Army says it is collaborating with the Economic Financial and Crimes Commission (EFCC) in Port Harcourt to end attacks on oil and gas pipelines in Rivers. Maj.-Gen. Olu Irefin, the General Officer Commanding (GOC) 6 Division, Nigerian Army, Port Harcourt, stated this on Wednesday during a visit to...

Some charcoal sellers in Kano have decried the low patronage of the trade amid the high cost of the commodity in the state. The sellers who spoke in separate interviews with the News Agency of Nigeria (NAN) on Wednesday said that as a result of the low sales, it had...

Dr Titus Okunrounmu, a former Central Bank of Nigeria (CBN) director, has advised commercial banks to adhere to CBN guidelines in granting loans to investors to reduce bad loans in the financial sector. Okunrounmu gave the advice on Wednesday in an interview with the News Agency of Nigeria (NAN) in...

Diezani Alison-Madueke, fled Nigeria for the U.K to evade arrest and prosecution for alleged corruption in the country and several attempts by the EFCC to trigger an extradition treaty with the UK and have her return home for a trial have proved abortive. In a recent event which was conducted...

The World Health Organisation (WHO) Regional Office for Africa  in Brazzaville, Congo, says there are over 25,000  COVID-19 deaths on the African continent. The UN health agency gave the update on its regional official Twitter account @WHOAFRO. WHO stated on its dashboard that “there are over 1.1 million confirmed COVID-19...

Amnesty international (AI) has urged the Nigerian authorities to fulfil their obligation to promote, protect and respect human rights ahead of the forthcoming governorship election in Edo State. AI said it is noticing disturbing signs of violence ahead of the gubernatorial election. In a press statement on Wednesday, AI said...