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PenCom recovers N213.07 million from defaulting employers in Q3

The National Pension Commission has said it recovered N213.07m from employers who deducted pension savings from their workers’ monthly emoluments but refused to remit such to their respective Pension Fund Administrators between July and September.

WHO: Yellow fever claims 172 lives in Nigeria

The outbreak poses an extra challenge to the country's health system as Africa's most populous nation deals with the Covid-19 pandemic, several concurrent disease outbreaks and a humanitarian crisis in the northeast, the WHO said.
The English Premier League has agreed to pay the English Football League a quarter of a billion pounds as part of a bailout for the rest of the clubs in the football pyramid who have been hit by the coronavirus pandemic.

Premier League offers £250 million as bailout for lower tier clubs

The English Premier League has agreed to pay the English Football League a quarter of a billion pounds as part of a bailout for the rest of the clubs in the football pyramid who have been hit by the coronavirus pandemic.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN releases banks’ excess CRR to spur economic recovery

As part of efforts to support economic recovery and propel the quest to return to the growth path, the Central Bank of Nigeria (CBN) has approved the release of banks’ excess cash reserve requirement (CRR), which is above the regulatory minimum.
Prime Minister Abiy Ahmed, last year's Nobel Peace Prize winner, launched a military campaign against the Tigray People's Liberation Front (TPLF) on 4 November, accusing its forces of attacking two federal military camps in the region and the party of defying his government and seeking to destabilise it.

Ethiopia’s PM savours victory, Tigrayan leader says war not finished

Ethiopia’s Prime Minister Abiy Ahmed lauded his troops on Monday for ousting a rebellious northern movement, but the leader of Tigrayan forces said they were still resisting amid fears of a protracted guerrilla conflict.
The company has more than 18 million customers, about 1 million delivery workers (whom it refers to as “Dashers”), and works with more than 390,000 merchants. It will list its shares under the symbol DASH on the New York Stock Exchange.

Airbnb, DoorDash are confidently aiming for even higher IPO valuations

Two of the year’s most anticipated public listings — DoorDash and Airbnb — will seek higher than expected valuations for their IPOs, new filings show. Each company has seen its fortunes affected by the coronavirus pandemic, with DoorDash surging and Airbnb seeing its business drop off sharply. But both have priced their IPOs in roughly the same range.
Cannabis

Malawi farmers protest cannabis license fees

Malawi’s new Cannabis Regulatory Authority this week said the country is ready to become the latest in Africa to produce the plant for medicinal and industrial use.
People wearing masks walk at a railway station amid the coronavirus disease (COVID-19) pandemic in Seoul, South Korea, November 30, 2020. REUTERS-Kim Hong-ji

South Korea considers more vaccine buys as coronavirus cases spike

South Korea’s ruling party has called for the country to buy millions of additional coronavirus vaccine doses after a spike in infection numbers raised concerns about the government’s existing plans.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE lifts suspension on FTN Cocoa Processors

Authorities at the Nigerian Stock Exchange (NSE) at the weekend lifted suspension clamped on FTN Cocoa Processors Plc, nearly three months after the Exchange disallowed trading in the shares of the agricultural company for breach of corporate governance rules.
The former President of Nigeria, Olusegun Obasanjo, has lamented the fate of over 14 million out of school children in Nigeria, declaring that lack of formal education and stagnated development are some of the biggest problems confronting the country.

Ex-President Obasanjo decries fate of Nigeria’s 14 million out-of-school children

The former President of Nigeria, Olusegun Obasanjo, has lamented the fate of over 14 million out of school children in Nigeria, declaring that lack of formal education and stagnated development are some of the biggest problems confronting the country.
The Corps Marshal, Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi said this at the stakeholders workshop on child road safety strategy for Nigeria on Wednesday in Abuja.

FRSC to introduce NIN information for vehicle registration, license — Oyeyemi

Mr Boboye Oyeyemi, Corps Marshal, Federal Road Safety Corps (FRSC), says that the corps will introduce the National Identity Number (NIN) information by first quarter of 2021 for vehicles registration.

Central bank orders Bureau de Change operators to sell dollar at N392

The Central Bank of Nigeria (CBN) has instructed Bureau De Change (BDC) operators in Nigeria to sell dollars at N392 to end-users.

Central bank chief projects exit from recession Q1 2021

The Governor of Central Bank, Mr Godwin Emefiele, on Friday expressed optimism that Nigeria could emerge from recession by the first quarter of 2021.

Nigerian government seeks new Eurobond

On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021.
Chairman of the Independent National Electoral Commission, Prof Mahmood Yakubu

INEC chief wants Senate to accelerate Electoral Act amendment

The nominee for the position of Chairperson for the Independent National Electoral Commission (INEC), Mahmood Yakubu, has appealed to the National Assembly to expeditiously pass the Electoral Act Amendment Bill before the end of first quarter of 2021.

NGO: Nigeria in recession due to over-reliance on oil

Lillian Akhigbe, Communications Manager, in a statement on Thursday, noted that successive governments at all tiers neglected Small and Medium-scale Enterprises (SMEs).

Politicians’ failure on campaign promises responsible for voter apathy – INEC chief

The nominee for the position of Chairman, Independent National Electoral Commission, INEC, Professor Mahmood Yakubu, has told the Senate that politicians’ failure to deliver on campaign promises is responsible for voter apathy.
New D’Tigers coach, Mike Brown, named Ike Iroegbu, Ike Diogu, Obi Emegano, Keith Omoerah, and Mike Gbinije as his starting five in his first match in charge against the South Sudan on Thursday in the first game of Group D qualifiers taking place in Kigali, Rwanda.

D’Tigers beat South Sudan in 2021 AfroBasket qualifiers match

New D’Tigers coach, Mike Brown, named Ike Iroegbu, Ike Diogu, Obi Emegano, Keith Omoerah, and Mike Gbinije as his starting five in his first match in charge against the South Sudan on Thursday in the first game of Group D qualifiers taking place in Kigali, Rwanda.

Recent Stories

Mob set ‘armed robbers’ ablaze in Osun

Two unknown suspected armed robbers were on Friday set ablaze by a mob at Lagere after their attempt to snatch motorcycle failed.

PenCom recovers N213.07 million from defaulting employers in Q3

The National Pension Commission has said it recovered N213.07m from employers who deducted pension savings from their workers’ monthly emoluments but refused to remit such to their respective Pension Fund Administrators between July and September.
Wife of the President, Hajiya Aisha Buhari, through her foundation, ‘Future Assured’, has donated 16 trucks of assorted food items and for distribution to 500,000 households in Kano State.

Aisha Buhari bemoans rising gender-based violence

First Lady Aisha Buhari has called for strategic partnership to end the raising cases of Gender-Based Violence against women and girls in Nigeria.

Nigerian government grants six water use licences to Kano

Mrs Getrude Madina, Head public Relations, the Nigeria Integrated Water Resources Management Commission (NIWRMC), says the Federal Government has granted six water use licences to the Kano State Water Board.
Multiple award-winning Afrobeat musician, Femi Kuti has said Afrobeat can never die. Femi hinged his claim on the genius, ingenuity and musical artistry of its creator, Afrobeat legend, Fela Anikulapo Kuti.

Femi Kuti: Why Afrobeat can never die

Multiple award-winning Afrobeat musician, Femi Kuti has said Afrobeat can never die. Femi hinged his claim on the genius, ingenuity and musical artistry of its creator, Afrobeat legend, Fela Anikulapo Kuti.