Access Bank to Acquire 100% Stake in Zambian Bank

BusinessInvestingNewsAccess Bank to Acquire 100% Stake in Zambian Bank

PilotnewsJuly 9, 2020

Access Bank Plc has announced plans for acquisition of 100 per cent of Cavmont Bank Limited, a Zambia-based financial institution. The bank disclosed this in a regulatory filing to the Nigerian Stock Exchange (NSE) signed by Mr Sunday Ekwuochi, its Company Secretary. It said the acquisition plan would be consummated through its Zambian subsidiary, Access Bank Zambia Limited. “Access Bank has entered into exclusive discussions with Cavmont Capital Holdings Zambia Plc, regarding a potential transactions...

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DAILY UPDATES: Nigeria COVID-19 Cases Hits 30,249 with 460 Wednesday

CoronavirusNewsDAILY UPDATES: Nigeria COVID-19 Cases Hits 30,249 with 460 Wednesday

PilotnewsJuly 9, 2020

Nigeria COVID-19 cases jumped to 30,249 cases as the country recorded 460 new cases on Wednesday, the Nigeria Centre for Disease Control (NCDC) announced on its official twitter handle. The NCDC said that as at July 8 new confirmed cases was 460 with 15 deaths recorded, while no new state had reported a case in the last 24 hours. According to it, a total of 30,249 cases have been confirmed, 12,373 cases discharged and 684...

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FG Set to Develop Agenda 2050, Inaugurates Central Working Group

EconomyNewsFG Set to Develop Agenda 2050, Inaugurates Central Working Group

PilotnewsJuly 8, 2020

The Federal Government is set to develop the country’s” Agenda 2050 and a Medium-Term National Development Plan (MTNDP) 2021-2025 to coordinate sectoral approaches. The Minister of State, Federal Ministry of Finance, Budget and National Planning, Mr. Clement Agba made this known while inaugurating a Central Working Group (CWG) for the programme on Wednesday in Abuja. This is contained in a statement issued by the ministry’s Director of Information, Mrs Imaobong Udoh. The News Agency of...

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Africa Records Over 500, 000 COVID-19 Cases – WHO

AfricaNewsAfrica Records Over 500, 000 COVID-19 Cases – WHO

PilotnewsJuly 8, 2020

The World Health Organisation (WHO) says COVID-19 infections in Africa have surpassed 500, 000 and there is concern as a growing number of countries are experiencing a sharp rise in cases. WHO Regional Office for Africa in Brazzaville, Congo disclosed this in a statement posted on its website. It said, so far, in less than five months, the virus had claimed 11, 959 lives, overtaking the 11, 308 lives lost in the world’s worst Ebola...

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FEC Approves N108bn for Road Projects in 4 States

NewsPoliticsFEC Approves N108bn for Road Projects in 4 States

PilotnewsJuly 8, 2020

The Federal Executive Council (FEC), presided over by President Muhammadu Buhari on Wednesday in Abuja, approved N108 billion for the construction and rehabilitation of four road projects. The projects are in Adamawa, Borno, Enugu and Rivers states. The Minister of Works and Housing, Babatunde Fashola, stated this announced this while briefing State House correspondents on the outcome of the seventh virtual meeting of the council in Abuja. He said that council approved an augmentation of...

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FG call for assistance to reduce Number of Out-of-School Children, Appeals to World Bank

EducationInfrastructureNewsFG call for assistance to reduce Number of Out-of-School Children, Appeals to World Bank

Beloved John (Staff Writer)July 8, 2020

The Federal Government has called for assistance from the World Bank, demanding that it assist Nigeria in reducing the number of out-of-school children from 10 to 5 million by the year 2023. Adamu Adamu, Minister of Education made this appeal known during a visit by a World Bank delegation to his office on Wednesday led by Shubham Chawdry, Country Director of the World Bank. Adamu noted that the call was in line with government’s commitment...

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‘What Sins Have Places of Worship Committed?’ – CAN Demands Churches Re-opening

CoronavirusNewsReligion‘What Sins Have Places of Worship Committed?’ – CAN Demands Churches Re-opening

Adeola Oladipupo (Correspondent)July 8, 2020

The President of the Christian Association of Nigeria (CAN), Rev. Samson Ayokunle has demanded that States that have not re-opened worship centres despite the approval to open given by the Presidential Task Force on COVID-19 should comply. Rev. Ayokunle said in a statement through his Special Assistant on Media and Communications, Pastor Adebayo Oladeji, that it was no longer acceptable and reasonable to continue to lockdown worship places. “Despite the directive given by the Presidential...

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Edo 2020: Wike Fires Back at Ganduje, Says His Dollars Can’t Work in Edo

NewsPoliticsEdo 2020: Wike Fires Back at Ganduje, Says His Dollars Can’t Work in Edo

Bada Yusuf Amoo (Correspondent)July 8, 2020

The Chairman of the People’s Democratic Party’s Governors Forum and the Party National Campaign Council for the Edo State Governorship Election, Governor Nyesom Wike, has fired back at his Kano State Counterpart, Abdullah Ganduje over his statement that Wike will be isolated as election approaches in Edo. Wike says Ganduje is the one that needs to be isolated, not him. Wike says this during the inauguration of the PDP campaign council in Abuja on Tuesday....

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Corruption Allegation: Magu Spends Second Night in Police Custody

Law & JusticeNewsCorruption Allegation: Magu Spends Second Night in Police Custody

Bada Yusuf Amoo (Correspondent)July 8, 2020

It was gathered that at 8:30 p.m, the embattling Chairman of the Economic and Financial Crime Commission, Ibrahim Magu, has spent a second night in the Police custody. He was driven from the old Banquet Hall of the presidential Villa, venue of the panel’s sitting, back to the Force Criminal Investigation Bureau (FCIB), where he passed the night on Monday. A source disclosed that “Yes. Magu has returned to police custody. He left the venue...

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How to Think About Africa’s “Rising Middle Class” Amid COVID-19

AfricaEconomyLifestyleHow to Think About Africa’s “Rising Middle Class” Amid COVID-19

PilotnewsJuly 7, 2020

Conventional wisdom is that Africa’s rising middle class is the engine for economic and social development, that its trajectory has been positive, and that the COVID-19 pandemic has seriously compromised the success of the middle class. However, on a continent of 1.3 billion people resident in more than fifty countries, this trope, much of it based on feel-good anecdotes, may obscure more than it illuminates. What is Africa’s middle class, how large was it before COVID-19, and was...

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