CBN plans driving agribusiness through 50bn credit facility, interest rate cut
Though in some countries the spread of the COVID-19 pandemic has been slowing down and cases are decreasing, in others, the virus is resurging or continuing to spread quickly. This is still a global problem calling for a global response.
The orphans of coronavirus
By Owei Lakemfa THE victims of the coronavirus, COVID-19, are not only those who contracted it. Not just those who lay helpless in hospitals, homes and isolation centres hoping to survive or waiting for death. They are not only the doctors and nurses, pharmacists and technologists, radiographers and medical workers who in a universal war […]
COVID-19 and CBN’s N50bn credit facility target for agriculture
By Akanfe Tiri WHEN the Central Bank of Nigeria, in furtherance of its financial stability mandate, recently came up with the N50 billion Targeted Credit Facility, TCF, as a stimulus package to support micro, small and medium enterprises, MSMEs, in the face of the adverse economic impact of the novel COVID-19 pandemic, not many believed […]
Lingering insurgency in North East and Buratai’s strategy
By John Nwokocha THE war against Boko Haram entered its crucial moments when on April 15, the Chief of Army Staff, Lt. Gen. Tukur Buratai, who doubles as the leader of the Federal Government’s counter-insurgency operations vowed to engage the insurgents eyeball-to-eyeball on the battlegrounds of the Sambisa forests and all hideouts of the terror […]
Buhari’s five-years in the saddle (1)
TODAY, Friday, May 29, 2020 is the fifth anniversary of Muhammadu Buhari’s ascent to power as an elected President. We will assess this era by examining the two sides of the coin. First, the obverse side: What are the contributions the administration has made towards leaving Nigeria better than they met it? The first is […]
CBN cuts MPR to 12.5% to stimulate economic growth
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday reduced its benchmark interest rate, the Monetary Policy Rate (MPR) to 12.5 percent from 13.5 percent, in a bid to stimulate the economy ahead the projected economic recession arising from the impacts of Coronavirus, COVID-19, pandemic.
Lockdown has brought Liverpool squad closer together – Gomez
Liverpool’s players have been brought even closer together in lockdown, according to Joe Gomez. The lockdown may have prevented Liverpool’s players from training as usual, but Joe Gomez thinks the experience has actually brought Jurgen Klopp’s squad even closer together. Liverpool players returned to their Melwood training base for the first time in two months […]
Apple may soon ditch charging ports in iPhones
Forget the headphone jack — Apple is looking to get rid of all the ports in its future iPhones. That’s the prediction from a known Apple leaker, who says that after this fall’s iPhone 12, the Cupertino, California, tech giant is going to make the shift to completely wireless phones. At least one iPhone model […]
French embassy, LAFAAAC, Wazobia FM/TV, La Fémis train young creatives
By Olasunkanmi Akoni The French Embassy in Nigeria, LAFAAAC, young French start-up group, in partnership with Wazobia FM/TV and La Fémis have launched an ambitious and innovative training programme for skill development in young African professionals in the creative industries. LAFAAAC, which offers innovative training courses combining online and classroom trainings for a comprehensive offer […]
Bad road, rough terrain hinder army to counter bandits ― Tambuwal
By Ibrahim Hassan – Wuyo Governor Aminu Waziri Tambuwal of Sokoto State has claimed the Nigerian military had tried to counter the bandits attack on communities in the state last Wednesday, but could not reach the affected places due to undulating terrain and bad road Tambuwal said although it was an hour’s journey from the […]
Cancer patients twice as likely to die from COVID-19 ― Study
People with cancer are more than twice as likely to die from COVID-19 than those without it, a large study published Thursday found. The data on more than 900 patients in the US, Canada and Spain which appeared in a paper in The Lancet, found that mortality increased the further the cancer had progressed. Cancer patients […]
50 unsold cargoes of Nigeria’s oil await buyers
The global oil market remains dull as 50 unsold cargoes of Nigeria’s Bonny Light await buyers, indicating that the volatile market is still flooded with unsold stocks.
Ogun begins second phase of ease of lockdown from June 1
By James Ogunnaike – Abeokuta Ogun State Governor, Prince Dapo Abiodun on Thursday announced the second phase of ease of lockdown imposed on the state due to the outbreak of coronavirus pandemic in the country. This second phase of the lockdown ease, which will commence on June 1, according to the Ogun State Governor Abiodun […]
Fifty unsold cargoes of Nigeria’s crude oil await buyers in global market
By Udeme Akpan with Agency Report The global oil market remains dull as 50 unsold cargoes of Nigeria’s Bonny Light await buyers, indicating that the volatile market is still flooded with unsold stocks. Reuters, which confirmed the situation, disclosed that despite the coronavirus pandemic, India purchased a bulk of the nation’s crude yesterday. It stated: […]
Chris Ogunbanjo Foundation, LEKRIS Farms donate land for Yoruba Ko’ya for food production
Chris Ogunbanjo Foundation and LEKRIS Farms in Ogun State, on Thursday, donated eight hectares of land and a training centre for the food production and youth empowerment projects of Yoruba Ko’ya Leadership and Training Foundation.
Russia records over 4,000 coronavirus deaths as medics warn of bursting hospitals
Russia’s coronavirus death toll passed 4,000 on Thursday as medics in the second city Saint Petersburg said hospitals were operating at the peak of their capacity. Health officials reported that 4,142 people had died in Russia from the virus, with 174 new deaths over the last 24 hours. The number of new deaths equaled Russia’s […]
