Some African Currencies Hurt Less Than Others by Liquidity Surge

Bloomberg) — Traders are betting on smaller average depreciation for six major African currencies compared with March, as the wall of global monetary and fiscal stimulus provides a backstop for riskier assets. But the outlook is uneven: the spread between 12-month forwards and one-month contracts suggests sizable depreciation in Nigeria, Zambia and Ghana. Currencies in Kenya, Egypt and South African …

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WTO: Africa’s Chance and the Ngozi Okonjo-Iweala Candidacy, By Yushau A. Shuaib

…I strongly believe that if what the WTO is looking for is ‘a candidate with vast experience in international relations, encompassing trade and/or political experience, a firm commitment to the work and objectives of the organisation, proven leadership and managerial ability; and demonstrated communications skills,’ then Nigeria’s Okonjo-Iweala is not only the strongest African contender but…the right peg for the …

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Prof Adoyi Onoja: COVID-19 and ‘follow the money’ theory of security

There are two reasons people steal – Need and/or Greed. They steal to secure their lives; this is borne out of need. They steal because the opportunities to steal exist and/or because everyone with the opportunity is stealing; this is borne out of greed. People steal because governance and government is insensitive, inadequate or failing to provide and create opportunity …

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Ondo SSG resigns from Akeredolu’s government

Secretary to the Ondo State Government, Mr. Ifedayo Abegunde, has resigned his appointment. Abegunde, popularly known as Abena, tendered his resignation letter on Monday morning. He was however silent on why he opted to quit when Governor Oluwarotimi Akeredolu, is undergoing treatment for COVID-19. Speaking in a telephone chat with The Nation, Abegunde confirmed he has tendered his resignation letter. …

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Nigeria: House Investigates 24 Banks, 14 Oil Companies Over U.S.$30 Billion Revenue Leakages FacebookTwitterWhatsAppFlipboardLinkedInRedditEmail

The House of Representatives will today commence investigative hearing on 24 commercial and non-commercial banks as well as 14 international oil companies (IOCs) over an alleged loss of over $30 billion revenue annually due to leakages. The investigative hearing which would be conducted in strict compliance with COVID-19 protocols would be in phases. The House joint Committees on Finance and …

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UPDATED: Ex-APC Vice Chairman, Abdulkadir, is dead

The immediate past National Vice Chairman (North-West), of the All Progressives Congress, Inuwa Abdulkadir, is dead. He died in the early hours of Monday after a brief illness. A friend and his colleague in the defunct Adams Oshiomhole-led APC National Working Committee, who was the Deputy National Chairman (North), Senator Lawal Shuaibu, confirmed the incident in a text message to The …

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Action Group

Why Buhari approved N78.9bn refund – Rivers commissioner

Rivers State Commissioner for Information and Communications, Paulinus Nsirim, has said the President, Major General Muhammadu Buhari (retd.), approved the refund of N78.9bn to Rivers for the repair of federal roads because of Governor Nyesom Wike’s “courage to speak up when others are silent”. Nsirim stated this in response to an article written last Friday by the President’s Special Adviser on …

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EFCC Receives Petition To Investigate Katsina Governor, Masari, Secretary, Other Government Officials In Over N300bn Fraud

Apetition has been written to the Economic and Financial Crimes Commission calling for the investigation of Governor Aminu Masari of Katsina State; Secretary to the State Government, Mustapha Muhammed Inuwa; Commissioner for Local Government and some other government officials in over N300bn financial misappropriation. The petition was also used to urge the anti-graft agency to investigate unlawful cash withdrawal, stealing …

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Naira Marley gifts Nollywood Legend

Naira Marley gifts Nollywood Legend 1 Million Naira for doing this (Video)

Nigerian musician and president of a controversial fan base, “Marlians”, Azeez Adeshina Fashola, known by his stage name Naira Marley is giving out one Million Naira to a legendary Nollywood Star, Jude chukwuka for doing a video. The middle aged Nollywood star is getting a million naira from the marlian king for promoting a song done by the music star …

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Cross River doctors declare indefinite strike over COVID-19

The Cross River State chapter of the Nigerian Medical Association (NMA) said on Sunday its members across the state would embark on an indefinite strike over COVID-19 concerns. In a letter addressed to Minister of Health, Dr. Osagie Ehanire, and signed by its chairman in the state, Dr. Agam Ayuk, the association wondered why the Nigeria Centre for Disease Control …

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NCDC

812 doctors, nurses, other health workers infected — NCDC

The Nigeria Centre for Disease Control on Saturday said 812 healthcare workers had been infected with COVID-19 nationwide, adding that it had begun an online course on Infection Prevention and Control of the virus. The centre noted that the online course is available to the public, but targeted at healthcare workers. NCDC said the course was to reduce the risk …

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online fraud

Nigerians face US charges over online fraud worth ‘hundreds of millions’

US law enforcement is cracking down on a pair of alleged online fraudsters that appear to have been wildly successful. The United Arab Emirates has sent the US two Nigerian nationals, Ramon Olorunwa Abbas and Olakean Jacob Ponle, to face charges relating to large “business email compromise” scams. Abbas is accused of money laundering in schemes meant to pull in “hundreds of millions …

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names of eight beneficiaries

Imo govt releases names of eight beneficiaries of N330m pension scam

The Imo State government on Saturday released its findings on the pension fraud in the state. The state government had in April set up a panel to investigate the alleged fraud in the pension system including the payment of N330 million to eight persons in the state. The state governor, Hope Uzodinma spoke on the findings during a meeting with the leadership …

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COVID-19: Benue SSG, COS, 32 others test positive

COVID-19: Benue SSG, COS, 32 others test positiv Gov. Samuel Ortom of Benue said the Secretary to the State Government, Prof. Tony Ijohor and Chief of Staff, Mr Terwase Orbunde have tested positive to COVID-19. The governor disclosed this on Saturday while briefing newsmen in Makurdi. He further said that the State Head of Service, Mrs Veronica Onyeke also tested …

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BREAKING: Ebonyi NUJ chairman arrested

BREAKING: Ebonyi NUJ chairman arrested

Ogochukwu Anioke, Abakaliki The Chairman of Nigeria Union of Journalists(NUJ), Ebonyi State chapter, Comrade Tony Nwizi, has been reportedly arrested by the Police. Details of his arrest, which are still sketchy at the time of this report, indicated that he was allegedly arrested following directives issued by the Inspector General of Police, Mohammed Adamu. But reacting to the arrest, Police …

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Action Group

Group gives President Buhari 7 days ultimatum to reverse fuel price hike

Nigeria Citizen Action Group, NCAG, has issued a 7-day ultimatum to President Muhammadu Buhari-led government to reverse the increase of fuel pump price from N143.8 to N123 per liter commencing from Saturday. The group warned that it would mobilize Nigerian youths in mass to shut down NNPC and PPPRA headquarters simultaneously if President Buhari refuses to reverse the pump. The …

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PDP disowns COVID- 19 fund in name of party, Funsho Williams

PDP disowns COVID- 19 fund in name of party, Funsho Williams

The People’s Democratic Party (PDP), Lagos State chapter, has disassociated itself from a purported COVID-19 Fund raised in the name of the party and its late stalwart, Engineer Funsho Williams.  The party said the fund is the handiwork of those it called “disingenuous persons and groups acting in conjunction with some of members and chieftains of the PDP to tarnish …

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Dave Umahi tested positive for COVID-19

BREAKING: Governor Umahi of Ebonyi tests positive for COVID-19

The Ebonyi State Governor, Dave Umahi has tested positive for COVID-19. The Governor made the announcement in a statement he personally signed.ovid According to Channels TV, Umahi said he is asymptotic and has since isolated himself in line with protocols by the Nigeria Centre for Disease Control (NCDC). Read also: Breaking: Video of Nigeria Army jubilating over the appointment of new …

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