The International Monetary Fund (IMF), says economic activity in sub-Saharan Africa is projected to recover by 3.1 per cent in 2021 after declining by 3.0 per cent in 2020. Mr Abebe Selassie, the Director, IMF’s African Department said this at the launch of the “Regional Economic Outlook for Sub-Saharan Africa: A Difficult Road to Recovery’’ Read More…
The nation’s bourse on Thursday rebounded with a growth of N59 billion in spite of social unrest and curfew in major cities of the country. Specifically, the market capitalisation which opened at N14.870 trillion rose by N59 billion or 0.40 per cent to close at N14.929 trillion. Also, the All-Share Index increased by 114.38 points Read More…
Arsenal scored twice in four minutes to win 2-1 at Rapid Vienna in the Europa League on Thursday and spare goalkeeper Bernd Leno’s blushes. This was after his blunder handed the Austrians a shock lead. Taxiarchis Fountas capitalised on Leno’s misfortune to put Rapid Vienna ahead in the 51st minute. David Luiz then headed Arsenal Read More…
Ex-international Victor Ikpeba has urged the Federal Government to intensify efforts in developing sports at the grassroots and providing infrastructure in order to produce more football stars in the country. Ikpeba told the News Agency of Nigeria (NAN) that governments at all levels needed to give sports development at the grassroots the desired attention in Read More…
Fellow Nigerians, It has become necessary for me to address you having heard from many concerned Nigerians and having concluded a meeting with all the Security Chiefs. 2. I must warn those who have hijacked and misdirected the initial, genuine and well – intended protest of some of our youths in parts of the country, Read More…
Calls for “root and branch” reform of the security forces The UN High Commissioner for Human Rights Michelle Bachelet on Wednesday strongly condemned the use of excessive and disproportionate force by Nigerian armed forces in Lagos on Tuesday evening. She called on the Nigerian authorities to take urgent steps to deal decisively with the underlying Read More…
The Nigerian Stock Exchange (NSE) on Wednesday reacted to social unrest following the aftermath of #EndSARS protests losing N113 billion, amid sell pressure. Specifically, the market capitalisation shed N113 billion or 0.75 per cent to close at N14.870 trillion against N14.983 trillion recorded on Tuesday. Also, the All-Share Index dipped 216.33 points or 0.75 per Read More…
Sanwo-Olu blames “criminal elements” Arson attacks in Lagos on Wednesday following the 24-hour curfew in Lagos State indicate a mysterious pattern of violence. Buildings and property belonging to the Federal and Lagos State governments and key businesses serving Lagosians were attacked and most of them set on fire. Among the businesses targetted were those belonging Read More…