Low oil price: Privatise refineries, sell unviable assets, NNRC tells FG
The Nigeria Natural Resources Charter (NNRC), yesterday, called on the Federal Government to immediately privatise the country's moribund refineries and also sell off its unviable oil assets, so as to be able to cushion the economy from the vagaries of the global economic slowdown occasioned by the novel Coronavirus (COVID-19) pandemic.
Lockdown: Lawyers condemn rights abuses, extra-judicial killings by security personnel
By Innocent Anaba, Henry Ojelu & Onozure Dania The National Human Rights Commission, NHRC, had last week released a report on recorded cases of human rights abuses and extra-judicial killings perpetrated by security personnel enforcing the lockdown and curfew imposed by the Federal and state governments to check the spread of the coronavirus pandemic. NHRC […]
COVID-19: Kwara extends lockdown by 14 days
Kwara State Governor, AbdulRahman AbdulRazaq, on Thursday extended the lockdown imposed on the state by another 14 days to check the spread of coronavirus in the state. The governor announced this in Ilorin, the state capital, during the flag-off of the biometric registration of transporters slated to receive soft loans to cushion the effects of […]
Ferrari threatens to leave F1 over budget cap dispute
The team principal of Ferrari, Mattia Binotto, has suggested that the Italian team could leave Formula 1 because of budget caps. The budget cap for F1 teams for the 2020 season was 160 million euros, which will be lowered to 135m euros in 2021. The International Automobile Federation (FIA) want to lower that cap even […]
Mistrust and black market flourish in Nigeria as virus spreads
A black market in coronavirus test kits is flourishing in Nigeria, spurred in part by negligible faith in the country’s health system to defeat an emerging threat. Testing is a crucial weapon in combatting COVID-19. It not only identifies where the stealthy virus has invaded — it also helps to prevent frontline workers, in health […]
COVID-19: Swiss National Bank suffers heavy first-quater losses
The Swiss National Bank suffered heavy first-quarter losses of 38.2 billion Swiss francs ($39.2 billion, 36.3 billion euros), it said Thursday, driven by stock market jitters over the coronavirus pandemic. The central bank chalked up a loss of 31.9 billion francs on its equity investments, SNB said in a statement, plus foreign exchange losses of […]
