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Gold rises on renewed US stimulus hope, dollar falls

House Speaker Nancy Pelosi said a bill for a compromise stimulus package is being written as she awaits a key phone call with Treasury Secretary Steven Mnuchin. Senate Majority Leader Mitch McConnell said his chamber would take up a comprehensive coronavirus package if an accord is struck. The Bloomberg Dollar Spot Index headed for the third straight decline.

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The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

Exiting recession not enough to guarantee economic recovery – analysts

While the slight improvement in Gross Domestic Product (GDP) recorded in Q4 is good news, analysts say it is not significant enough to mark economic recovery.
Delivering her opening remark at the event, Nneka Onyeali-Ikpe, managing director and chief executive officer of Fidelity Bank, said diaspora remittances is the new oil of Nigeria.

Nigerian bank urges nationals abroad to invest in real estate, capital markets

Richard Madiebo, acting chief digital officer at Fidelity Bank, said this during the bank’s inaugural edition of its diaspora webinar series on Saturday.
The Nigeria Centre for Disease Control (NCDC) has reported 1,244 new cases of the Coronavirus (COVID-19), bringing the total number of infections in the country to 101,331.

Nigeria records 195 new coronavirus cases

The Nigeria Centre for Disease Control (NCDC) says Nigeria recorded 195 new cases of COVID-19 on Saturday — representing the lowest single-day count of 2021.
FILE PHOTO - Chinese State Councilor and Foreign Minister Wang Yi delivers a speech at the Lanting Forum in Beijing, China February 22, 2021. REUTERS-Shubing Wang

China’s top diplomat says Hong Kong needs electoral reform for ‘brighter future’

The Chinese government’s top diplomat State Councillor Wang Yi on Sunday said the electoral system in Hong Kong must be improved for long-term stability, saying reform would bring about a “brighter future” for the city.
FILE PHOTO - Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS-Tingshu Wang

China says hopes U.S. will remove ‘unreasonable’ restrictions on cooperation

Questioned about recent U.S.-China frictions over Taiwan, Xinjiang and the South China Sea during his annual news conference, Wang said that Beijing “will never accept baseless accusations and smears”, and said the United States had used democracy and human rights as a basis for arbitrarily interfering with other countries’ affairs.

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The Delta State Commissioner of Police, CP Ari Muhammed Ali, has disclosed that kidnap suspects who sustained fatal injuries during an exchange of gunfire with a team of Rapid Response Squad, RRS Operatives in Asaba have died.

Delta CP: Two ‘kidnappers’ die after exchange of gunfire with police

The Delta State Commissioner of Police, CP Ari Muhammed Ali, has disclosed that kidnap suspects who sustained fatal injuries during an exchange of gunfire with a team of Rapid Response Squad, RRS Operatives in Asaba have died.
Acting Finance Minister of Finance Zainab Ahmed

Nigerian minister expresses concern over coronavirus vaccines financing, delivery

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has expressed concern over the financing and delivery of COVID-19 vaccines for Africa noting that the process has been difficult to navigate.
Manchester United were left frustrated by a VAR penalty controversy in their 0-0 draw at Chelsea.

Manchester United’s damning stat in big games after frustrating draw against Chelsea

Manchester United failed to provide a decisive moment against a top six side yet again in a frustrating 0-0 draw against Chelsea at Stamford Bridge.
Prior to the mass vaccination, President Nana Addo Dankwa Akufo-Addo and Vice President Alhaji Dr Mahamudu Bawumia and their spouses took the jabs of the vaccines on Monday, March 1.

Ghana begins mass vaccination against coronavirus

The exercise will take off on Tuesday, March 2 in the Greater Accra and Greater Kumasi Metropolitan areas, where a lockdown was imposed last year in the peak of the infections.
The Head of the Civil Service of the Federation, Dr Folasade Yemi-Esan, issued the threat in a circular marked HCSF-109-S.1-120 with the title, ‘Unauthorised circulation of official documents-information on social media.’

Federal government extends workers’ stay-at-home directive to March 31

The federal government has further extended the work-from-home directive to all public workers on Salary Grade Levels 12 and below until March 31 as a measure to mitigate the spread of COVID-19.