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The Kayode Fayemi administration in Ekiti State says it has defrayed inherited debts to the tune of 31 billion naira since assumption of office.

Ekiti governor commissions FarmKonnect’s N5 billion African biggest snail farm

Ekiti State Governor, Kayode Fayemi, has commissioned a N5 billion snail farm in the state.
FILE PHOTO - Jack Ma, chairman of Alibaba Group arrives at the Tech for Good Summit in Paris, France May 15, 2019. REUTERS-Charles Platiau

Alibaba’s Jack Ma makes first public appearance in three months

Alibaba Group founder Jack Ma made his first appearance since October on Wednesday when he spoke to a group of teachers by video, easing concern about his unusual absence from public life and sending shares in the e-commerce giant surging.
FILE PHOTO - Former Google and Uber engineer Anthony Levandowski leaves the federal court after his arraignment hearing in San Jose, California, U.S. August 27, 2019. REUTERS-Stephen Lam

Donald Trump pardons former Google self-driving car engineer Anthony Levandowski

U.S. President Donald Trump said on Wednesday he had given a full pardon to a former Google engineer sentenced for stealing a trade secret on self-driving cars months before he briefly headed Uber Technologies Inc’s rival unit.
Outgoing US President Donald Trump has “unequivocally condemned” the January 6 breach of Congress by his supporters.

Donald Trump grants clemency to 143 people, but not himself or family members

President Donald Trump, who has repeatedly used his clemency authority as a political tool rather than an act of mercy, issued a final wave of pardons and commutations on his last night in office, delivering relief for a mix of beneficiaries that included former strategist Stephen Bannon, Republican Party and Trump fundraiser Elliott Broidy, and former Detroit Mayor Kwame Kilpatrick, found guilty in 2013 of corruption charges.
FILE PHOTO - Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS-Nick Oxford-File Photo

Oil gains on stimulus optimism ahead of Joe Biden inauguration

Oil prices climbed with U.S. stock markets on Tuesday ahead of Joe Biden’s inauguration as U.S. president on optimism that more government stimulus will eventually lift global economic growth.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE compensates 49 investors with N17.02 million

According to him, the NSE engaged with the federal government to secure an ”essential service status” for the market as part of its Covid-19 response as well as engaged with the Federal Ministry of Finance, Budget and National Planning to achieve specific capital market incentives in the 2019 and 2020 Finance Acts.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian government raises N2.36 trillion from capital market in 2020 – NSE chief

The Federal Government dominated capital raising at the fixed income segment of the Nigerian Stock Exchange (NSE) in 2020, raising over N2.36 trillion.
An economist, Ms Razia Khan, also Managing Director-Chief Economist, Africa and Middle East, Global Research, Standard Chartered Bank, on Tuesday said Nigeria would see a restoration of positive growth.

2021 Outlook: Nigeria will record positive GDP growth – economist

An economist, Ms Razia Khan, also Managing Director/Chief Economist, Africa and Middle East, Global Research, Standard Chartered Bank, on Tuesday said Nigeria would see a restoration of positive growth.
FILE PHOTO - A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS-Yuriko Nakao-File Photo

Dollar drops as traders prepare for Janet Yellen to talk up stimulus

The dollar dropped on Tuesday as investors prepared for U.S. Treasury Secretary nominee Janet Yellen to talk up the need for major fiscal stimulus and commit to a market-determined exchange rate when she testifies later in the day.
FILE PHOTO - Oil pours out of a spout from Edwin Drake's original 1859 well that launched the modern petroleum industry at the Drake Well Museum and Park in Titusville, Pennsylvania U.S., October 5, 2017. REUTERS-Brendan McDermid

Oil prices rise as optimism over economy outweighs fuel demand concerns

Oil prices climbed on Tuesday as optimism that government stimulus will buoy global economic growth and oil demand trumped concerns that renewed COVID-19 pandemic lockdowns globally could cool fuel consumption.
Nigeria's national electricity grid collapsed on Sunday, the Transmission Company of Nigeria (TCN) said in a statement. Power outages in Nigeria, the most populous nation in Africa, are common, but a system collapse is unusual.

Century Power boss: Increased electricity tariff tough for consumers to pay

Chief Executive Officer of Century Power Generation Limited, Dr Chukwueloka Umeh, says that the Nigerian Electricity Regulatory Commission, NERC’s, failure to increase electricity tariff in smaller, steady steps from 2015, as stipulated in the Multi-Year Tariff Order, MYTO, has made the almost 100 per cent increase for some consumers very discomforting, especially at this time of unprecedented economic hardship.
FILE PHOTO - Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS-Jessica Lutz-File Photo

Nigeria’s oil capacity to rise by 3,500 bpd

Nigeria’s oil production capacity is set to increase by additional 3,500 barrels per day, bpd, following the expected coming on stream of Ata Field in the Second Quarter (April-June) of 2021.
FILE PHOTO: Traders from BGC Partners, a global brokerage company in London's Canary Wharf financial centre wait for European stock markets to open early June 24, 2016 after Britain voted to leave the European Union in the EU BREXIT referendum. REUTERS/Russell Boyce

Global stocks waver as coronavirus fears trump recovery hopes

Global stock markets wavered on Monday as soaring COVID-19 cases offset investor hopes of a quick economic recovery, even after data showing that the Chinese economy rebounded faster-than-expected in the fourth quarter of 2020.
FILE PHOTO - Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS-Jessica Lutz-File Photo

Oil falls on coronavirus fears, strong dollar

Oil prices fell on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the virus outweighed a better-than-expected quarterly rebound for China’s economy.
A still image taken from video footage shows law enforcement officers speaking with Russian opposition leader Alexei Navalny before leading him away at Sheremetyevo airport in Moscow, Russia January 17, 2021. REUTERS-Reuters TV

Russian prosecutors want Alexei Navalny jailed for 30 days

The United Nations and Western nations told Russia to immediately free the opposition politician and some countries called for new sanctions. Moscow told them to mind their own business.
FILE PHOTO: Janet Yellen, U.S. President-elect Joe Biden's nominee to be treasury secretary, takes to the podium to speak as President-elect Biden announces nominees and appointees to serve on his economic policy team at his transition headquarters in Wilmington, Delaware, U.S., December 1, 2020. REUTERS/Leah Millis

WSJ: Treasury nominee Janet Yellen to say U.S. does not seek weaker dollar

Janet Yellen, President-elect Joe Biden’s pick to take over the U.S. Treasury, is expected to affirm the United States’ commitment to market-set currency rates when she testifies on Capitol Hill on Tuesday, the Wall Street Journal reported.
Governor Kayode Fayemi of Ekiti State has said the law backing the establishment of Western Nigeria Security Initiative, codenamed Amotekun will be ready latest on Valentine Day, Friday, February 14, across the six states in the region.

Ekiti earmarks N1.4 billion for Amotekun in 2021 budget

The Ekiti Government, on Sunday said it would leave no stone unturned in 2021 to improve the security situation in the state, stating that the sum of N1.4billion has been set aside in the 2021 Appropriation for the State Security Network codenamed Amotekun Corps.

Pat Utomi: Nigeria better five years ago

Nigeria’s leading political economist and Co-convener, National Consultative Forum, Prof. Pat Utomi at the weekend rejected a claim by the President Muhammadu Buhari administration that Nigeria is better than it met it more than five years ago.

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A new variant of the coronavirus, which appears to be more transmissible, has been discovered in South Africa and is being blamed for a new surge in Covid-19 cases in the UK.

Twelve health workers test positive to coronavirus in Taraba

Twelve health workers comprising of three doctors and nine nurses have tested positive for COVID-19 at the Federal Medical Centre, Jalingo, the Taraba state capital.
The National Directorate of Employment (NDE) in Enugu State on Tuesday said it had trained no fewer than 510 unemployed graduates on different skills.

NDE chief: President Buhari determined to eradicate poverty

Director General of National Directorate of Employment, NDE, Mallam Abubakar Fikpo, has said the President Muhammadu Buhari’s led Federal Government was determined to eradicate poverty and unemployment in the country.
South African Minister in the Presidency, Jackson Mthembu, passed away on Thursday due to COVID-19 related complications, President Cyril Ramaphosa said.

South Africa minister dies of coronavirus

South African Minister in the Presidency, Jackson Mthembu, passed away on Thursday due to COVID-19 related complications, President Cyril Ramaphosa said.
General view of a cross session of lawyers in a court during a hearing of a blasphemy case in Kano, Nigeria January 21, 2021. REUTERS-Stringer

Nigerian appeals court throws out blasphemy convictions that caused outcry

The two had been convicted in August by a sharia court in Nigeria’s northern, mainly Muslim state of Kano. Teenager Omar Farouq was accused of making blasphemous comments during an argument, while Yahaya Aminu Sharif was accused of having shared a blasphemous message on WhatsApp.
FILE PHOTO - A man wearing a mask outside Guildhall in the city of London as the spread of the coronavirus disease (COVID-19) continues, London, Britain, April 14, 2020. REUTERS-John Sibley-File Photo

City of London to remove statues linked to slavery trade

The City of London on Thursday approved the removal from its ceremonial Guildhall home of statues of two figures that symbolise the financial sector’s historic role in slavery.