Foreign Reserves: CBN not contemplating devaluation of currency

EconomyNewsNigeriaForeign Reserves: CBN not contemplating devaluation of currency

PilotnewsJanuary 24, 2020

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the bank is not contemplating devaluation of currency following the drop in the country’s foreign reserves. Emefiele stated this while fielding questions from journalists after the Monetary Policy Committee (MPC) first meeting in 2020 held in Abuja on Friday. He said though, the drop in the Foreign Reserves was noticeable but the apex bank would not make any currency adjustments because of this...

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How Nigerians spent over N300 billion yearly on malaria treatment

NewsNigeriaHow Nigerians spent over N300 billion yearly on malaria treatment

PilotnewsJanuary 24, 2020

Prof. Olatunji Kolawole of the Department of Microbiology, Faculty of Life Sciences, University of Ilorin, says Nigerians spend over N300 billion annually on malaria treatment. Kolawole disclosed this in his paper presentation at the 190th Inaugural Lecture of the university entitled: “Transcending the Viral World: a Tale of Mimicry, Knockdown and Knockout”. He stated that Nigeria recorded over one million malaria cases i per year and a treatment cost of about N3,000 per treatment. The...

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How Yoruba’s Leopard got its claws

ColumnsNigeriaOpinionHow Yoruba’s Leopard got its claws

PilotnewsJanuary 24, 2020

There cannot be silence anywhere dog is made to feast on leopard’s tail. There was a civil war in Nigeria during which Chinua Achebe wrote ‘How the Leopard got its claws.’ It is a story of dog usurping the kingship of leopard because dog is blessed with teeth and claws while leopard lacked both. It is also a story of setbacks and comebacks; of leopard recreating himself – teeth, claws and more – and reclaiming...

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Alleged $1.09bn Malabu scam: Adoke, 6 others plead not guilty

NewsNigeriaAlleged $1.09bn Malabu scam: Adoke, 6 others plead not guilty

PilotnewsJanuary 24, 2020

The former Attorney-General of the Federation, Mohammed Adoke, and six other co-defendants charged with 42 counts in connection with the controversial 1.09 billion dollars settlement agreement on Malabu Oil Block, on Thursday pleaded not guilty. NAN reports that the arraignment of Adoke was on Wednesday, stalled at the FCT High Court in Gwagwalada over confusion from the Economic and Financial Crimes Commission,(EFCC) the prosecuting agency. The EFCC counsel Bala Sanga told the court that he...

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Nigeria music revenue to hit $86m in 2021 – Lai Mohammed

EntertainmentMoneyNigeriaNigeria music revenue to hit $86m in 2021 – Lai Mohammed

PilotnewsJanuary 24, 2020

The Minister of Information and Culture, Alhaji Lai Mohammed says Nigeria music revenue is projected to hit 86 million dollar (about N3.096 billion) in 2021, making it the biggest in Africa. The minister gave the projection on Thursday in Madrid, Spain at the 11th edition of the Tourism Investment and Business Forum for Africa (Investour) organised by the United Nations World Tourism Organisation (UNWTO) and CASA Africa. News Agency of Nigeria (NAN) reports the forum is on...

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Concerns over Possible U.S. Travel Restrictions to Nigeria

NewsNigeriaTravelConcerns over Possible U.S. Travel Restrictions to Nigeria

PilotnewsJanuary 23, 2020

Nigeria’s government was surprised by the news that the U.S. is considering travel restrictions on its citizens and the ban would mean officials will have to find new ways to meet with investors, Finance Minister Zainab Ahmed said. Nigeria is one of seven countries, more than half of which are in Africa, included in a list that may be affected if the Homeland Security Department’s recommendation to expand restrictions is approved, according to a person...

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Pope Francis Replaces Conservative Archbishop of Philadelphia

NewsWorldPope Francis Replaces Conservative Archbishop of Philadelphia

PilotnewsJanuary 23, 2020

Archbishop Charles J. Chaput who was appointed to the position by Pope Benedict XVI in 2011, has long been known as a theological and political conservative, often at odds with Pope Francis. VATICAN CITY — Pope Francis significantly shifted the ideological balance of the Roman Catholic Church in the United States on Thursday by replacing one of the country’s most prominent conservative prelates as the archbishop of Philadelphia. Pope Francis announced in a statement that...

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AfricaNigeriaBuried for 50 years: Britain’s shameful role in the Biafran war

PilotnewsJanuary 23, 2020

It is a good thing to be proud of one’s country, and I am – most of the time. But it would be impossible to scan the centuries of Britain’s history without coming across a few incidents that evoke not pride but shame. Among those I would list are the creation by British officialdom in South Africa of the concentration camp, to persecute the families of Boers. Add to that the Amritsar massacre of 1919...

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Ada Chiaghana: from HBO to Higher Ground Productions

AfricaLifestyleAda Chiaghana: from HBO to Higher Ground Productions

PilotnewsJanuary 22, 2020

A Nigerian American Ada Chiaghana who cut her teeth working for HBO, where she has been a creative executive in the original programming department, working on half-hour series including Los Espookys and Silicon Valley, was recently hired by Higher Ground Productions, the banner production company founded by President Barack Obama and his wife Michelle as VP Development and Production.  Chiaghana, whose parents are from Nigeria and resides in Houston, Texas, had previous stints in comedy development at ABC Studios and at Bosch and The...

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Twitter’s CEO to Make Africa Home in 2020

AfricaTechnologyTwitter’s CEO to Make Africa Home in 2020

PilotnewsJanuary 21, 2020

Jack Dorsey, founder of Twitter and Square, says he plans to move to Africa this year and spend up to six months on the continent. If all goes well, he intends to visit South Africa, Nigeria, Ethiopia and Ghana. The reason? Africa is believed to define ‘the future.’ The continent is well-known as an important player in the field of digital and financial technology, and some say that Africa is ‘one of the last blue oceans for technology growth,’...

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