The Federal Government of Nigeria has received the sum of £4.2 million seized from the associates of convicted former Governor of Delta State, James Ibori, from the United Kingdom. This was disclosed in a statement by the Minister of Justice and Attorney-General of the Federation, Abubakar Malami. The statement was signed by the spokesperson of the Minister, Umar Jibrilu Gwandu. He confirmed that the “Federal Government of Nigeria has received GBP 4,214,017.66 of the loot...
The Nigeria inflation rate has dropped for the first time in 20 consecutive months; it recorded 18.12 percent decrease in April year-on-year from 18.17 percent reported in March. The National Bureau of Statistics (NBS) disclosed this in the Consumer Price Index (CPI) April 2021 report published on Monday. Latest data by the agency revealed that food, urban, and rural inflation also dropped, leaving core inflation on the high at 12.74 per cent which rose due...
France President, Emmanuel Macron, on Tuesday, hosted African leaders and global financial institutions for a summit seeking to provide Africa with critical financing after the coronavirus pandemic that drained the coffers of the continent. Africa has so far been less badly hit by the pandemic than other global regions — with a total of 130,000 dead across the continent, compared with 3.4 million worldwide. But the economic cost is only too apparent, with the International...
Centers for Disease Control and Prevention (CDC) on Friday stated that the Pfizer-BioNTech and Moderna COVID-19 vaccines were found to be 94 per cent effective in health care workers. CDC said in a statement that mRNA vaccines (Pfizer-BioNTech and Moderna) were found to reduce the risk of getting sick with COVID-19 by 94 per cent among Health Care Personnel (HCP) who were fully vaccinated. This assessment, conducted in a different study network with a larger...
LAGOS — Some Financial Economists have expressed great concerns about the minor influence that the Nigeria-China currency swap had on the country’s economy, three years after. The experts told newsmen in Lagos on Friday that the volume of currency import so far traded, had not been significant, though a few swaps took place. The pact which marked three years of implementation in April was signed on April 27, 2018, to ease demand pressure on the...
President Muhammadu Buhari has assured the Chadian Transitional Leader that Nigeria will render assistance to the Republic of Chad to stabilize and return to constitutional order. President Buhari stated this on Friday at the State House when he received Lt. Gen. Mahamat Idriss Deby Itno, the President, Transitional Military Council of Chad. “We are bound together by culture and geography, and we will help in all ways we can,” President Buhari told his visitor. “Nigerians...
The World Health Organization (WHO) has issued a stern warning on Friday that the second year of the Coronavirus pandemic would be “far more deadly”, as Japan extended a state of emergency amid growing calls for the country to scrap the Olympic. “We’re on track for the second year of this pandemic to be far more deadly than the first,” said WHO director-general Tedros Adhanom Ghebreyesus. The mood also darkened in Japan where the coronavirus...
The Southern Senators’ Forum has commended steps taken by state governors from the region to stem the rise in insecurity. The forum disclosed this on Wednesday in a statement jointly signed by its Chairman, Secretary-General and Publicity Secretary, Senators Opeyemi Bamidele (APC-Ekiti), Matthew Uroghide (PDP-Edo), and Chukwuka Utazi (PDP-Enugu). The forum lauded the governors for out-rightly taking a firm position on burning national issues, including banning the open grazing of cattle. The senators said that...
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. Chief Dan Orbih, National Vice Chairman, South-South of the party, made the disclosure in a statement in Benin on Wednesday to mark the Islamic celebration. According to Orbih, as the Muslim faithful in Nigeria and around the world mark this year’s...
Vice President Yemi Osinbajo has arrived in Kampala, Uganda, to represent Nigeria at the inauguration of re-elected Ugandan President, Yoweri Museveni. The event, which comes up on Wednesday at the Independence Grounds in Kampala, will be Museveni’s sixth inauguration as a democratically-elected leader. Museveni was declared winner of January 14, 2021, election after defeating National Unity Platform’s candidate, Robert Kyagulanyi, also known as Bobi Wine. Nigeria and Uganda share cultural, social, and economic similarities. Both...
