Day: November 17, 2020

AMCON Says ‘No Fresh Court Order To Freeze Sayyu Dantata’s MRS Accounts’

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File photograph of AMCON MD/CEO, Mr Ahmed Kuru The Asset Management Corporation of Nigeria (AMCON) late on Tuesday strongly rebutted media reports that it obtained a court order today directing it to freeze all accounts of MRS Holding Limited and that of its promoter, Alhaji Sayyu Dantata. This was contained in a statement issued by Jude Nwauzor, Head Corporate Communications Department at the government agency. The full text of the statement reads, “Contrary to the news published by P.M.News today, the Asset Management Corporation of Nigeria (AMCON), is totally unaware…

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‘Post COVID-19’: Nigeria Lifts Ban On Lufthansa, Air France, KLM, Qatar Airways

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As part of further opening up the economy that have been ravaged by the dreaded coronavirus (COVID-19) pandemic, the Federal Government of Nigeria through its Aviation Ministry has lifted the flight ban on Lufthansa, KLM and Air France, paving the way for them to resume their flight operations in and out of the country. In a related development, Qatar Airways has also been granted approval to start operations at the Nnamdi Azikiwe International Airport Abuja. This follows the approval of their respective flight plans and schedules submitted to the Ministry.…

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#ENDSARS Protester, Eromosele Granted Court Bail

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Court sets Eromosele Adene free Finally, news reaching us has it that a Yaba Magistrates Court in Lagos State has granted bail to detained #EndSARS protester, Eromosele Adene, in the sum of N1m. The government has been allegedly hounding, arresting and detaining perceived protesters of the #ENDSARS movement, which brought the country to its knees before they protesters were shot at by the Nigerian military, which led to serious looting and destruction of lives and property across the states. In granting the bail application, the magistrate ruled against an application…

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NCDC Confirms 157 New COVID-19 Cases As Toll Rises To 65,305

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The Nigeria Centre for Disease Control (NCDC) on Monday announced that the country has recorded yet another 157 new cases of the dreaded coronavirus (COVID-19), thus bringing the total number of infections in Nigeria to 65,305. The NCDC disclosed this on its Twitter handle. The agency said, “On the 16th of November 2020, 157 new confirmed cases were recorded in Nigeria.  Till date, 65,305 cases have been confirmed, 61,162 cases have been discharged and 1,163 deaths have been recorded in 36 states and the Federal Capital Territory (FCT), Abuja. The…

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#ENDSARS: Mo Ibrahim Knocks Nigeria’s Government Response To Protest

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Billionaire Mo Ibrahim berated the government of Nigeria over #ENDSARS saga Mo Ibrahim the popular billionaire philanthropist has rubbished the Nigerian government following the messy crackdown on unarmed civilians at a protest against a hated police unit, which later spilled over into wider calls for better governance in Nigeria. Amnesty International had reported that government security forces in Nigeria shot and killed 12 people during the protest in Nigeria’s biggest city of Lagos on Tuesday October 20, 2020 at the famous toll gate in Lekki area of the state. But…

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COVID-19 Vaccine Find Affected Petrol Price In Nigeria Says Timipre Sylva

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Nigerians are still trying to come to terms with the fact that the Federal Government has linked the recent increase in the cost of petroleum products in the country to the announcement of the development of a coronavirus (COVID-19) vaccine by Pfizer. Timipre Sylva, Nigeria’s Minister of State for Petroleum Resources while fielding questions from State House correspondents after his routine meeting with President Muhammadu Buhari on Monday said the announcement impacted on the price of crude oil, noting that since government had decided to allow the petrol price to…

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Joe Biden Meets Business Leaders, Demands Economic Stimulus Over COVID-19

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United States of America (USA) President-elect Mr Joe Biden on Monday called for a new stimulus package to help the United States recover from the damage caused by the dreaded coronavirus (COVID-19) pandemic. Biden renewed his plea for more aid following a meeting with business and labour leaders to lay out his plans for the world’s largest economy. The type of massive stimulus spending only Washington lawmakers can approve is regarded as key in getting the US back on its feet after the mass layoffs and sharp downturn in growth…

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WHO Launches Strategy To Eliminate Cervical Cancer

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WHO Chief Tedros Adhanom Ghebreyesus The World Health Organisation (WHO) on Tuesday launched a strategy to rid the world of cervical cancer, stressing that broad use of vaccines, new tests and treatments could save five million lives by 2050. “Eliminating any cancer would have once seemed an impossible dream, but we now have the cost-effective, evidence-based tools to make that dream a reality,” WHO chief Tedros Adhanom Ghebreyesus said in a statement. More than half a million new cases of cervical cancer are diagnosed around the world each year, hundreds of…

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Super Eagles In Freetown For AFCON Re-Match Against Sierra Leone

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In Benin City Edo State on Saturday at Ogbe Stadium, the Super Eagles surrendered their four goals lead against the Leone Stars of Sierra Leone in the African Nations Cup qualifier as the game ended 4-4. Today, the senior national team of Nigeria will tomorrow engage the same team in a rematch. Expectedly, both the Nigerian fans and the players were embarrassed as the Leone stars clawed their way back into the game, forcing a 4-4 draw. Captain Ahmed Musa had since apologised for the blunder, pledging an improvement in…

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Again, Naira Plummets To 475 As Dollar Demand Rises

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Trading of the Nigerian currency – the Naira further weakened and sold at 475 to the United States dollar on Monday in the parallel market amid a rise in demand for the greenback. The local currency, which has come under pressure in recent days, fell to 470 per dollar on Friday from 468 on Thursday when it traded at 462-463 at the unofficial market at the start of this month. A peep into the Investors’ and Exporters’ forex window showed that the naira closed at 386 to a dollar on…

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