Flavour N’abania: The Drummer Boy Who Became Africa’s Highlife King

AfricaArts & CultureEntertainmentFlavour N’abania: The Drummer Boy Who Became Africa’s Highlife King

Adeola Oladipupo (Correspondent)May 2, 2020

A roll call of Nigeria’s musical icons, global cultural ambassadors, and big music artists will not be complete without Chinedu Okoli, professionally called Flavour N’abania. Known for his lively voice, his songs are mostly delivered with a smooth blend of English and Igbo languages. Flavours’ performances are energy filled and typically involve thrilling fans with his signature dance move — twisting his waist. Also called ‘Flavour of Africa’, he describes himself as ‘Africa’s Highlife King’....

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CBN Extends Micro Finance Banks’ Capital Requirement Deadline

MarketsMoneyNigeriaCBN Extends Micro Finance Banks’ Capital Requirement Deadline

Adeola Oladipupo (Correspondent)May 2, 2020

The Central Bank of Nigeria has extended by one year the deadline for microfinance banks in the country to comply with the minimum capital requirement directive. Kevin Amugo, director in the Financial Policy and Regulation Department at the apex bank stated in a circular addressed to all categories of microfinance banks in the country that the extension was due to consideration of the impact of the Covid-19 pandemic on economic activities. The CBN set different...

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“Familheey” Networking App Gets Major Updates, Including a COVID-19 Support Feature, COO

LifestyleMarketsTechnology“Familheey” Networking App Gets Major Updates, Including a COVID-19 Support Feature, COO

Adeola Oladipupo (Correspondent)May 1, 2020

In the wake of the COVID-19 pandemic, while many health systems across the world are struggling to provide care for patients, the global economy is taking a downturn. The impacts of the disease on people have left several individuals in need of support to survive a hard time. Realizing that many people all over the world would need different forms of support to make it through this trying time, developers of Familheey, a social networking...

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Burna Boy: The Misunderstood African Giant?

Arts & CultureMusicNigeriaBurna Boy: The Misunderstood African Giant?

Adeola Oladipupo (Correspondent)May 1, 2020

Regardless of the negativities, Nigeria is associated with, there are many good things that have come out of the West African nation. From music to movies (Nollywood) and to jollof rice, Nigeria is rich not only in natural resources but in culture and in talented citizens. Nigerian music artists and songs are part of the country’s export to the world. The revenue from music in Nigeria is projected to generate $50 million (about N18 billion...

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Why Trading Under the African Free Trade Deal was Postponed

AfricaMarketsNewsWhy Trading Under the African Free Trade Deal was Postponed

Adeola Oladipupo (Correspondent)May 1, 2020

The disruption caused by the COVID-19 pandemic has halted the implementation of the African Free Trade Agreement, forcing officials to postpone it. “It is obviously not possible to commence trade as we had intended on 1 July under the current circumstances,” Wamkele Mene, Secretary-General of the African Continental Free Trade Area (AfCFTA), told Reuters. Although Mene did not say whether there was a new targeted implementation, he was confident the deal would still proceed. “The...

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BOI Implements President Buhari’s Directive

CoronavirusEconomyNigeriaBOI Implements President Buhari’s Directive

Adeola Oladipupo (Correspondent)April 29, 2020

The Bank of Industry (BOI) has announced the palliative measures it has put in place for debtors as the ravaging COVID-19 hits the Nigerian economy. Recall that on March 29, President Buhari had in a national broadcast announcing the measures the government was taking to cushion the effect of COVID-19 on the economy, directed credit institutions to allow a 3-month period moratorium on loan repayment. In line with the directive, the BOI said it had...

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P&ID Case: Current Circumstances Avoidable if Buhari followed Advice – Jonathan Replies FG

Law & JusticeNigeriaPoliticsP&ID Case: Current Circumstances Avoidable if Buhari followed Advice – Jonathan Replies FG

Adeola Oladipupo (Correspondent)April 29, 2020

Former President Jonathan has responded to a subpoena by the Nigerian Government before a federal court in the United States seeking permission to access the bank account information of himself, his wife, and other government officials over alleged P&ID contract scam. The contract which has become a subject of corruption litigation required Process and Industrial Developments Ltd. (P&ID) to build a gas processing plant and the government to supply it. In a statement, Former President...

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CBN Gives Greenlight for Cheque Clearing to Resume.

EconomyNewsNigeriaCBN Gives Greenlight for Cheque Clearing to Resume.

Adeola Oladipupo (Correspondent)April 28, 2020

The Central of Nigeria has lifted the suspension on cheque clearing it imposed about a month ago, a statement signed by Sam Okojere, a director at the bank services department, disclosed. “In furtherance of its effort in the development of a safe and efficient payment system in Nigeria, the Bank in collaboration with relevant stakeholders has reviewed the need for cheque clearing to accommodate users of cheque as one of the payment instruments in Nigeria,...

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COVID-19: What Pregnant Women and Nursing Mothers Should Know – NCDC

CoronavirusNigeriaWellnessCOVID-19: What Pregnant Women and Nursing Mothers Should Know – NCDC

Adeola Oladipupo (Correspondent)April 26, 2020

Available information show that pregnant women seem to be at equal risk as other adults, the National Centre for Disease Control (NCDC) said in a guideline for pregnant women and nursing mothers. “It is known that the bodily changes that occur during pregnancy, may put expectant women at increased risk for some infections,” a part of the NCDC guideline read. “Pregnant women have had a higher risk of severe illness when infected with viruses from...

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Chinese Firm in Nigeria for Fraud by the AFDB

AfricaBusinessCrime & SecurityChinese Firm in Nigeria for Fraud by the AFDB

Adeola Oladipupo (Correspondent)April 22, 2020

A Nigeria-based civil engineering firm, China Zhonghao Nigeria has been sanctioned by the African Development Bank (AFDB) for fraudulent activities. The firm was suspended from participating in executing projects financed by the bank, following an investigation conducted by the bank’s Office of Integrity and Anti-Corruption which uncovered that China Zhonghao as part of a joint venture with Oceanic Construction, was culpable in its joint venture partner’s fraudulent claims. According to the statement by the AFDB...

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