Bond Investors Rushing to Nigeria – Analysts

InvestingNewsNigeriaBond Investors Rushing to Nigeria – Analysts

Bada Yusuf Amoo (Correspondent)May 23, 2020

The early action by Nigeria to tap cheap loans has increased the risk perception among foreign investors. This led to a fall in the borrowing cost of the country. According to Bloomberg, “Yields on Nigeria’s dollar bonds maturing in 2047 fell from an all-time high of 13.2% on March 19 to 9.1% on Wednesday. This is as the West African nation presented a revised $27 billion budget to the cabinet that kept spending intact, with...

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Eid El-Fitr: Shiekh Dahiru Bauchi, Imams Defy Sultan of Sokoto, Others

NewsNigeriaReligionEid El-Fitr: Shiekh Dahiru Bauchi, Imams Defy Sultan of Sokoto, Others

Ibrahim Abdul' Aziz (Correspondent)May 23, 2020

Many Muslims in most parts of Nigeria have today Saturday observed the Eid el- Fitr prayer marking the end of Ramadan, in defiance of the announcement made by Sultan Sa’ad Abubakar that the Sallah be observed tomorrow Sunday. In Bauchi, Yobe, Sokoto and other states just as in the neighboring Niger Republic, a section of the Dariqa and Izala’s sects, were reported to have ended their fast on Friday and observed Sallah today Saturday. Defending...

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The Casualties of the War Against COVID-19 in Lagos

CoronavirusNigeriaSpecial ReportThe Casualties of the War Against COVID-19 in Lagos

Adeola Oladipupo (Correspondent)May 23, 2020

After five weeks of Covid-19 induced lockdown imposed by the Federal government, on May 4, people will gradually return to normal lives in Lagos, Ogun and Abuja, although there are restrictions in place aimed at curtailing the spread of the infection. For many, the post-lockdown measures in Lagos and what life was pre-COVID-19 in the state mean that hard times are approaching, Adeola Oladipupo reports. With over 20 million people, Lagos was a bee-hive of...

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Will Nigeria’s Battle with COVID-19 Become Too Expensive to Sustain?

CoronavirusEconomyNigeriaWill Nigeria’s Battle with COVID-19 Become Too Expensive to Sustain?

Adeola Oladipupo (Correspondent)May 23, 2020

For every COVID-19 test carried out on suspected persons, Lagos, Nigeria’s epicenter of the viral infection with a population of over 20 million, spends between N40,000 and N50,000 ($102.56 – $128.21), Professor Akin Abayomi, Lagos State Commissioner for Health disclosed. The revelation by Prof. Abayomi highlights the magnitude of the burden of the disease and raises question about the sustainability of the fight against COVID-19. With estimated population of 200 million and a virus that...

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Eid-el-Fitr: Gov Fintiri Suspends Traditional Sallah Homage, As Police Assures Public Of Adequate Security

NewsNigeriaReligionEid-el-Fitr: Gov Fintiri Suspends Traditional Sallah Homage, As Police Assures Public Of Adequate Security

Ibrahim Abdul' Aziz (Correspondent)May 23, 2020

Governor Ahmadu Umaru Fintiri of Adamawa State has announced the suspension of the traditional homage during the upcoming Eid-el-fitr sallah celebration over the COVID-19 threat in the state. A statement signed by the chief of staff to governor Fintiri, Prof. Maxwell Gidado said the suspension became imperative as a way of curbing the spread of the novel COVID-19 disease in the state. The statement entitled: ” Notification of suspension of Sallah homage on the governor...

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Committee to Investigate Dehumanization Of Cleric In Ebonyi State

Crime & SecurityNewsNigeriaCommittee to Investigate Dehumanization Of Cleric In Ebonyi State

Beloved John (Staff Writer)May 23, 2020

The Ebonyi state governor, David Umahi has instructed that a 5-man committee be set up to investigate the torture of a cleric and social critic, Okochi Obeni in Amasiri, Afikpo North Local Government Area. Days back, a video of the cleric being tortured went viral on social media. Obeni had received strokes of the cane from the Isi-Oru age grade for a post on his Facebook account about some leaders of the community which considered...

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Military Kills 135 Bandits in Air Raids in Katsina, Zamfara

National SecurityNewsNigeriaMilitary Kills 135 Bandits in Air Raids in Katsina, Zamfara

PilotnewsMay 23, 2020

The Defence Headquarters says the Air Component of Operation Hadarin Daji, has decimated several camps and killed 135 armed bandits in massive air raids at several locations in Katsina and Zamfara States between May 20 and May 22. The Coordinator, Defence Media Operations, Maj.-Gen. John Enenche, in a statement on Saturday, said the air raid was part of the renewed offensive to rid the North-West of armed bandits and other criminal elements. Enenche explained that...

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Lawyers Laud Buhari for Signing Executive Order on Legislature, Judiciary Financial Autonomy

Law & JusticeNewsNigeriaLawyers Laud Buhari for Signing Executive Order on Legislature, Judiciary Financial Autonomy

PilotnewsMay 23, 2020

Human  Rights Campaigner, Mr. Ebun-Olu Adegboruwa, SAN, has commended President Muhammadu Buhari, for signing the Executive Order, granting financial autonomy to the Judiciary and Legislature. Adegboruwa lauded the new order, describing the same as a step in the right direction and urged total compliance with all its provisions by states. The News Agency of Nigeria (NAN) reports that President Buhari, on Friday, signed into law, an Executive Order to grant financial autonomy to the legislature...

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President Buhari Signs Executive Order on Financial Autonomy of State Legislature, Judiciary

Law & JusticeNigeriaPoliticsPresident Buhari Signs Executive Order on Financial Autonomy of State Legislature, Judiciary

PilotnewsMay 23, 2020

President Muhammadu Buhari on Friday signed into law Executive Order Number 10 of 2020 for the implementation of Financial Autonomy of State Legislature and State Judiciary. Dr Umar Gwandu, Special Assistant to the Attorney General of the Federation and Minister of Justice on Media and Public Relations disclosed this on Friday in Abuja. The President signed the Executive Order based on the powers vested in him as the President of the Federal Republic of Nigeria...

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UPDATE: COVID-19: Nigeria Hits 7,261 Infections With 245 New Cases Friday

CoronavirusNewsNigeriaUPDATE: COVID-19: Nigeria Hits 7,261 Infections With 245 New Cases Friday

PilotnewsMay 23, 2020

The Nigeria Centre for Disease Control (NCDC) on Friday recorded 245 new cases of the novel coronavirus, bringing total infections in the country to 7,261. NCDC confirmed the new figures in its verified tweeter handle. The News Agency of Nigeria (NAN) reports that 131 of the new cases came from Lagos, 16 from Jigawa, 13 from Ogun, 12 from Borno and nine each from Kaduna, Oyo, Rivers and Ebonyi. Other states with new cases include Kwara...

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