April 10, 2019

IMF cautions Nigeria against borrowing from China

April 10, 2019 9:07 pm

The International Monetary Fund (IMF) has warned Nigeria and other emerging market countries taking excessive loans from China to consider the terms of such facilities, especially, their compliance with the Paris Club arrangements.

Speaking on Wednesday at the ongoing IMF/World Bank Spring Meetings in United States of America, Director, IMF Monetary and Capital Markets Department, Tobias Andrian, said that there was nothing bad in borrowing from China, except that the terms of such loans are always questionable.

He said: “Loans from China are good, but the countries should consider the terms of the loans. And we urge countries that when …

Without Ifa, there wouldn’t have been Google – Ooni of Ife

April 10, 2019 8:58 pm

The Ooni of Ife, Oba Enitan Ogunwusi, on Wednesday said that the Google originated from the  ‘Ifa’ also known as the oracle.

The traditional leader said that without ‘Ifa’, Google would not have been created.

Ogunwusi said this during the press tour of the tourists sites within the ancient city ahead of the Tourism Innovation and Development Innovation Conference (TIDA) slated for April 24.

The theme of the forthcoming conference is:” Impact of Sustainable Tourism Development and Marketing of Tourism Destinations on Host Communities”.

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Bench warrant against me futile – Nnamdi Kanu

April 10, 2019 7:57 am

Leader of the Indigenous People of Biafra, IPOB, Mazi Nnamdi Kanu has described the bench warrant against him as merely an academic exercise.

In a broadcast monitored in Awka, Kanu said the international and diplomatic community would surely ignore the bench warrant, arguing that the diplomatic community had voiced its disapproval of what was happening to IPOB in Nigeria.

He said that he remained eternally grateful to his sureties for standing by him all through his travails, trials and tribulations, adding that it smacked off judicial persecution for Justice Binta Nyako handling his case to claim that his sureties had …

Anambra Assembly passes bill to reduce burial expenses

April 10, 2019 7:45 am

A Bill seeking to curtail burial and funeral expenses in Anambra State has been passed by the state House of Assembly.

The Bill which was sponsored by the member representing Anaocha 11 constituency,Hon Charles Ezeani, was passed after due consideration by the House during Wednesday’s plenary.

The burial and funeral expenses had been on the rise in the state, which forced the Catholic Bishop of Awka, Most Rev Paulinus Ezeokafor to raise the alarm a few years ago.

The Cleric said if not curtailed, people in the state would go hungry after such burial ceremonies, while also advocated for a …

Tribunal set to deliver judgment on Okorocha, Izunaso case

Labour gives Okorocha 7-day ultimatum to pay salaries

April 10, 2019 7:23 am

The organised Labour in Imo State comprising the Nigeria Labour Congress (NLC), the Joint Public Service Negotiating Council (PSNC) and Trade Union Congress (TUC) on Tuesday issued a 7-day ultimatum to the state government to pay March 2019 salaries owed to state Civil servants and all the outstanding pension arrears.

The Labour, in a letter to the state governor, Owelle Rochas Okorocha and obtained by The Daily Times said that all efforts to ensure that the state Accountant-General pay the March 2019 salaries yielded no result.

The letter jointly signed by the state chairman of the NLC, Comrade Austin Chilakpu, …

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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