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Nigeria’s Second Class Athletes
We take a glimpse into the lives and struggles of athletes living in Nigeria and what makes them so different from their Nigerian counterparts living and training outside the shores of Nigeria. 60 athletes represented Nigeria at the just concluded Tokyo 2020. 75% of the selected athletes live and train outside Nigeria. Nigeria’s first medal…
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Foreign Exchange Inflow Drops To $4.97bn
Figures obtained from the Central Bank of Nigeria has shown that the foreign exchange inflow into the economy fell by 59.8 percent in April. This is according to the bank’s monthly report on ‘Foreign exchange flows through the economy’. Part of the report read, ‘Aggregate foreign exchange inflow into the economy declined sharply, reflecting tepid…
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WHO Staff Members Accused Of Sex Abuse In DRC
An investigation authorized by the World Health Organization has uncovered over 80 cases of sex abuse by staff members transferred to the Democratic Republic Of Congo (DRC) in response to an Ebola outbreak. WHO Director-General Tedros Adhanom Ghebreyesus appointed the panel’s co-chairs to investigate the claims last October after media reports said unnamed humanitarian officials…
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Banks’ Borrowings Rise By 737%
Bank borrowings from the Central Bank of Nigeria’s Standing Lending Facility has risen year-on-year by 737 percent to N2.3 trillion in April 2021 from N274.65 billion in April 2020. Also, CBN earnings from the SLF during the period rose by 381 percent to N1.33 billion from N270 million in April 2020. However, banking system liquidity…
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98 companies Post N6.1trn Turnover In H1 2021
No fewer than 98 leading companies on the Nigerian Exchange Limited have recorded a combined turnover of N6.1 trillion in the first half of 2021. The companies’ H1’21 combined turnover was 17.57 percent more than the N5.2 trillion recorded in the same period in H1’20. According to their financial reports, they turned over to the…
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Volcanic Eruption In La Palma: Why Africa Should Be Worried
A severe volcanic eruption rocked the island of La Palma in the Canary Islands archipelago off northwest Africa, forcing the evacuation of 6,000 people on Sunday, September 19, 2021. While thousands of small earthquakes have erupted on the island with a population of 85,000 people, research experts are putting out words on the possible damage these…
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Oil Price Rises To A Three-Year High At Nearly $80 Per Barrel
Oil price has continued to climb as demand recovers faster than was predicted. The global benchmark Brent is up at nearly $80 a barrel, its highest price since October 2018. Brent crude was up 1.73 percent to $79.44 a barrel by 4:06 pm ET (21:06 WAT), having posted three straight weeks of gains. United States…
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N194bn COVID-19 Allocation Missing In Four States
According to findings made by transparency and accountability civil society organizations, BudgIT and Follow The Money International, of the total N209.61 billion COVID-19 allocation made to Enugu, Sokoto, Delta and Kaduna states, only N14.73 billion was disbursed by the states. Representative of Follow The Money International, Pearl Utuk, presented the findings at a press conference…
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Suicide Car Bomb Kills Over Eight People In Somalia
A suicide car bomber has killed more than eight people at a security checkpoint close to the presidential palace in the Somali capital, in an attack that has now been claimed by the al-Qaeda-linked al-Shabab group. The attack targeting a convoy going into the presidential palace exploded at a checkpoint close to the airport in…
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FG, States, LGs share ₦696.965 In August
In August 2021, the government, at all levels, in Nigeria shared the sum of ₦696.965 billion as federation allocation. This is according to the details of the communiqué provided by the Deputy Director (Information), Ministry of Finance, Oshundun Olajide. The Federal Government received ₦289.257 billion; states got ₦217.183 billion; Local Governments received ₦161.541 billion. The…