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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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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.
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 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.
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.
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.
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Kogi governor restates commitment to gender equity
Governor Yahaya Bello said his administration is committed to the elimination of gender inequality in governance, discrimination, and violence against women and girls.
Oyo APC Reps member recovers from coronavirus, narrates experience
A member of the House of Representatives, Mrs Tolulope Akande-Sadipe, yesterday, made her first public appearance at the Oyo Central Senatorial District Meeting since testing positive to COVID-19 early December last year.
Price of maize set to crash as CBN releases 300,000 tonnes soon
The anticipated release follows moves made by the CBN, working with the Nigeria Customs Service (NCS), in the last quarter of 2020, to facilitate import waivers to four agro-processing companies to import 262,000 tonnes of maize to bridge the shortfall in production and augment local production.
Ohanaeze Ndigbo faction asks court to restrain Prof. Obiozor from parading self as president
The Uche Okwukwu-led faction of the apex Igbo socio-cultural organisation, Ohanaeze Ndigbo, has asked a Federal Capital Territory High Court sitting in Bwari Abuja to restrain Professor George Obiozor, who was elected to succeed the Nnia Nwodo-led Ohanaeze Ndigbo from parading himself as the President General of the apex Igbo socio-political association.
Wole Soyinka: Why I won’t renew my US green card
Displaying a piece of the torn green card, Mr. Soyinka said: “I hope you can see it. I brought it along up Just in case. Up till now I have refused to show it to many Nigerians who are asking, because they did not ask it in a constructive way, they asked it in a very negative and slavish way because they were scared they could be offending the president of the United States.”