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JUST IN: Johnson announces new COVID-19 lockdown for England as cases surge

  Boris Johnson has announced a new national lockdown for England, with people instructed to “stay at home” as they did during March’s first lockdown. The prime minister revealed the action in an eight-minute TV address on Monday night, after being told that COVID-19 cases are rising rapidly in every part of the country due […]

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LCCI seeks amendments to PIB, tasks N’Assembly

…says shift in energy markets, COVID-19 put Nigeria’s oil at risk The Lagos Chamber of Commerce and Industry (LCCI) has told the National Assembly (NASS) that Nigeria’s petroleum in-dustry is on the verge of facing many country-specific challenges, including joint venture funding and arrears, regulatory overlaps, insecurity and inadequate infrastructure for domestic gas development this […]

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Buhari: W’African leaders must unite against terrorism

President Muhammadu Buhari has called for united action by West African leaders in the fight against terrorism in the region. This came as he observed that insecurity in any of the countries in the region has a spill-over effect on others. The president spoke yesterday while condemning the killing of 70 people in Zaroumdareye, a […]

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Fresh strike looms in varsities as NAAT issues 14-day ultimatum

…union demands fair allocation of N40bn earned allowance Barely two weeks after the Academic Staff Union of Universities (ASUU) called off its over nine months strike, the National Association of Academic Technologists (NAAT) has issued a 14-day strike notice to the Federal Government. The university workers, who are protesting the disparity in the N40 billion […]

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Onyeali-Ikpe assumes duties as MD/CEO of Fidelity Bank

The new Managing Director and Chief Executive Officer of Fidelity Bank Plc., Mrs. Nneka Onyeali-Ikpe, whose tenure formally commenced on January 1, 2021, has assumed duties, becoming the 4th chief executive and first female to occupy the position since the inception of the bank in 1988. She succeeds the erstwhile MD/CEO, Mr. Nnamdi Okonkwo, who […]

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Kidnappers, robbers escape from police custody

…policemen arrested, to face orderly room trial in Edo Hundreds of suspected kidnappers and armed robbers have escaped from the cell of the Edo State Criminal Investigations and Intelligence Department (SCIID). Already, all the policemen on duty within the SCIID and others on security duty have been arrested and detained on the orders of the […]

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FG: Citizens earning N30,000 monthly to own houses

Manufacturers offer to supply cement at reduced price Nigerians earning at least the national minimum wage of N30,000 monthly would benefit from its Social Housing Scheme under the Economic Sustainability Plan (ESP), the Federal Government has assured. Vice President, Prof. Yemi Osinbajo, who disclosed this while inspecting the completed model houses in Dei Dei, Federal […]

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Intrigues as airlines get FG’s N4bn bailout fund

Scheduled carriers share N3bn, charter receive N1bn The Federal Government has kept to its promise with N4 a billion bailout that has been handed out to the carriers as a way of cushioning the effects of COVID-19 crises on the operations of the airlines. This is, however, not without rancour among the airlines on how […]

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Tony Elumelu Foundation: We’ll empower African entrepreneurs

The Tony Elumelu Foundation (TEF) has reiterated its commitment to continue to empower entrepreneurs across the continent. Chief Executive Officer of TEF, Ifeyinwa Ugochukwu, who gave the assurance at a virtual press conference to herald the opening for entries for the 2021 edition of the Foundation’s programme for African entrepreneurs last Friday, disclosed that even […]

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External reserves dropped by $2.71bn in 2020

Nigeria’s external reserves dropped by $2.71 billion from $38.07 billion as of the end of 2019, to $35.4 billion as of December 30, 2020, findings by New Telegraph show. According to data obtained from the Central Bank of Nigeria (CBN), the $2.71 billion represents a decline of 7.13 per cent. The figure, however, is lower […]

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