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Stability Risks

IMF urges governments to prioritize health care spending

The International Monetary Fund (IMF) has said while the pandemic continues, governments’ policies should first focus on escaping the crisis, prioritizing health care spending, providing well-targeted fiscal support, and maintaining accommodative monetary policy while monitoring financial stability risks.
The recent declaration by the court that N50 stamp duty on teller deposits or electronic transfer of funds is illegal is in order, frontline Lagos Lawyer, Fred Nzeako, has said.

Energy firms’ bank debts rise to N5.94 trillion

The debts owed to Nigerian banks by oil and gas operators as well as power companies in the country rose to N5.94tn at the end of 2020 from N5.25tn in December 2019.
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

Analysts foresee faster economic recovery as oil price hits $60

Analysts yesterday forecasted a faster economic recovery for Nigeria as crude oil prices, at $60 per barrel, hit a new high since February 2020.

IMF: Nigeria’s economic outlook remains challenging

The International Monetary Fund (IMF) says that Nigeria’s outlook remains challenging and charged the federal government to urgently undertake policy adjustments.
IMF Managing Director Kristalina Georgieva told reporters a new allocation of the IMF’s own currency, Special Drawing Rights, would give countries more fiscal space to address the health crisis and accelerate moves to a digital and green economy.

IMF: Climate Change poses high risk to economic and financial stability

Climate Change poses sever threats to economic and financial stability, the Director General of the International Monetary Fund (IMF), Kristalina Georgieva, has said.
The International Monetary Fund is looking to triple its concessional financing for the poorest countries to over $18 billion to help them respond to the novel coronavirus pandemic, Managing Director Kristalina Georgieva said on Wednesday.

IMF: Climate change risk to economic stability

Ms Kristalina Georgieva, the Managing Director, International Monetary Fund (IMF), says climate resilience is a critical priority as climate change has become a fundamental risk to economic and financial stability.

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The ultrastructural morphology exhibited by the 2019 Novel Coronavirus (2019-nCoV), which was identified as the cause of an outbreak of respiratory illness first detected in Wuhan, China, is seen in an illustration released by the Centers for Disease Control and Prevention (CDC) in Atlanta, Georgia, U.S. January 29, 2020. Alissa Eckert, MS; Dan Higgins, MAM/CDC/Handout via REUTERS

Nigeria records seven new coronavirus infections

In continuation of a steady run of low figures that began almost three months ago, Nigeria on Sunday recorded seven new COVID-19 infections in two states.
Wilson Inalegwu, former assistant inspector-general of police, says the southern governors should have condemned the attacks on security agencies during their meeting in Asaba, Delta state capital, on Tuesday.

Southern states set to enact anti-open grazing law

Following the resolution of the 17 governors of the Southern states banning open grazing of cattle in the three geopolitical zones in the South, no fewer than eight states are now set to enact anti-open grazing law to give legislative backing to the governors’ pronouncement, investigation has revealed.
The Chairman of United Nigeria Airline, Dr Obiora Okonkwo, yesterday declared his intention to vie for the forthcoming governorship election in Anambra State on the platform the Peoples Democratic Party (PDP), urging the party to give its ticket to someone with the capacity to win the election.

Anambra PDP guber aspirant calls for implementation of Southern governors resolutions

The top contender for the Anambra State governorship position on the platform of the Peoples Democratic Party (PDP), Dr. Obiora Okonkwo, has called for quick implementation of resolutions reached by the Southern governors at their recent summit in Asaba, Delta State.
Dele Alli, who recently split up with 23 year-old model Ruby Mae, seems to have got a new girlfriend. 'The Sun' has published images of the footballer together with a girl in a London bar.

Dele Alli has thinly veiled dig at Jose Mourinho after Tottenham win vs Wolves

Tottenham star Dele Alli says he is enjoying his football under caretaker boss Ryan Mason.
Leicester City veteran Wes Morgan admits winning the FA Cup may be the ideal way to say goodbye to the club.

Wes Morgan hints at leaving Leicester after FA Cup triumph

Leicester City veteran Wes Morgan admits winning the FA Cup may be the ideal way to say goodbye to the club.

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Eid-el-Fitr: A time to renew Nigeria’s pact with destiny – PDP

The Leadership of the Peoples Democratic Party (PDP) in the South South Geo-Political zone, has said that the commemoration of the Eid-el-Fitr celebration is a unique opportunity for Nigeria to renew its past with destiny.
Taiwan Foreign Ministry Spokeswoman Joanne Ou speaks at a news conference in Taipei, Taiwan, February 11, 2020. REUTERS-Ben Blanchard

Taiwan says China seeking political gain with Honduras vaccine move

Taiwan condemned China on Wednesday for seeking to use vaccines for political gain after Taipei's diplomatic ally Honduras said it was considering opening an office in China in a bid to acquire much needed COVID-19 shots.
Rivers State Governor, Nyesom Wike, has declared that Southern governors’ irrevocable decision on open grazing and others issues must be respected.

Rivers governor: Southern governors’ decision on opening grazing, others irrevocable

Rivers State Governor, Nyesom Wike, has declared that Southern governors’ irrevocable decision on open grazing and others issues must be respected.
One of the most disconsolately heart-rending sports news from last year was the sudden passing away of Kobe Bryant, the American professional basketball player, the shooting guard, who spent his entire 20-year career with the Los Angeles Lakers in the National Basketball Association (NBA).

Kobe Bryant’s daughter wears hall-of-fame jacket for late dad’s induction

One of the most disconsolately heart-rending sports news from last year was the sudden passing away of Kobe Bryant, the American professional basketball player, the shooting guard, who spent his entire 20-year career with the Los Angeles Lakers in the National Basketball Association (NBA).

OPC: We’re ready to protect our people

Worried by the spate of banditry and kidnapping for ransom in some parts of Ogun State and perceived inability of the security agencies to stem the tide, the chapter of the Oodua People’s Congress (OPC) on Tuesday disclosed its readiness to protect all Oodua sons and daughters from the marauders threatening people’s lives and peace in the State.