March 28, 2020

Dangote Loses $2.5bn In One Month - Bloomberg

Dangote Loses $2.5bn In One Month – Bloomberg

March 28, 2020 2:02 pm

The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw its total net worth drop by $2.5bn in the last 30 days, according to Bloomberg Billionaires Index.

The index, which is a ranking of the world’s 500 richest people, showed that his wealth fell from $15.9bn as of February 25, 2020, to $13.4bn on March 26. It had risen to a high of $16.5bn on January 27.

Read Also: Dangote Breaks Into List Of World’s Top 100 Richest People

He was the only Nigerian on the list of 500 billionaires and retained his position as Africa’s richest person.

“Africa’s richest …

Scams You Should Be On The Lookout For This Period

Scams You Should Be On The Lookout For This Period

March 28, 2020 2:01 pm

We are in perilous times, everyone is trying to transact from their homes, businesses are also adjusting their processes and it is a perfect time for fraudsters to strike unsuspecting persons.

1: THE HELPFUL ADHOC STAFF
Currently people are trying to sort out their transactions because they fear banks might close. Happens right inside the banking premises and real fast too. They come dressed in suits, looking like your everyday banker. They approach customers with bulk deposits and offer to help them. Trust Nigerians with wanting to jump the queue- they quickly hand over the money and that is it……

With Buhari Absent From Frontline, Govs Exercise Powers

With Buhari Absent From Frontline, Govs Exercise Powers

March 28, 2020 2:00 pm

In Kano, Governor Umar Ganduje closed all land boundaries and the state’s airport. In Delta, Governor Ifeanyi Okowa shut all routes leading in and out of the state. Governor Nyesom Wike of Rivers State halted all land, sea and air traffic.

As the coronavirus pandemic makes rapid inroads into Nigeria’s vast population and President Muhammadu Buhari’s whereabouts become increasingly fuzzy, Nigerian governors are stepping up with what they deem necessary to keep their people safe. In doing so, they are also brazenly exerting presidential authority, filling up for a clear lack of political leadership in Abuja.

As of March …

Meteorite Blast In Akure - Governor Akeredolu Visits Scene

Meteorite Blast In Akure: Governor Akeredolu Visits Scene

March 28, 2020 7:29 am
Governor Rotimi Akeredolu tweeted this morning he was on his way to the scene of a strange massive blast that rocked Akure, Ondo State capital overnight.

The blast, which occurred on Akure-Owo Road, was suspected to be from a meteorite

Like meteorites, the blast left a crater.

Photographs published online from the scene, at a village near Akure Airport revealed the crater.

Many residents rushed to the scene early today.

Read Also: Ondo People Asked Me To Contest Another Term – Akeredolu

Governor Akeredolu tweeted:

“I’ve been briefed by security agencies in the state concerning the loud blast that was

…
U.S. Coronavirus Cases Top 100,000

U.S. Coronavirus Cases Top 100,000

March 28, 2020 7:29 am

Coronavirus cases in the United States topped 100,000 on Friday, the highest number in the world.

While Reuters put its tally at 100,040, worldometers.info estimated the U.S. cases at 100,514.

Italy is second with 86,498 and China is third with 81,340.

According to worldometers.info, U.S. death toll also jumped to 1,546.

Read Also: America Lures Medics To U.S. Fight Coronavirus

On Friday 251 deaths were reported.

The record coronavirus figures being logged in the hospitals across the U.S. made Wall Street stocks tumble on Friday.

This ended a massive three-day surge as doubts emerged about the fate of the U.S. …

Troubled U.S. Announces N2.6bn Aid To Nigeria

Troubled U.S. Announces ₦2.6bn Aid To Nigeria

March 28, 2020 7:28 am

The United States Government has announced a 7 million dollars (about ₦2.6 billion) emergency health and humanitarian aid to Nigeria amid the coronavirus (COVID-19) pandemic.

This is part of a 274 million dollars (₦103 billion) assistance package to no fewer than 63 countries affected by the disease, according to a statement by the Department of States on Friday.

Nigeria’s share, the statement said, will go into funding of “risk communication, water and sanitation activities, infection prevention, and coordination’’.

“This assistance joins more than 5.2 billion dollars (N1.9 trillion) in U.S. health assistance and more than 8.1 billion dollars (N3trillion) in …

Coronavirus May Take Nigeria Into Recession - Zainab

Coronavirus May Take Nigeria Into Recession – Zainab

March 28, 2020 7:17 am
Zainab Ahmed, Minister of Finance, has disclosed that Nigeria will go into recession if the Coronavirus pandemic persists longer than six months.

Ahmed said this on Friday when she appeared on Channels TV.

Ahmed said, “We are being hopeful that this COVID-19 pandemic will be limited in time.

Read Also: Coronavirus Forcing Parents To Skip Kids’ Vaccinations

“If it is an average of three months, we should be able to close the year with positive growth. But if it goes longer than six months, Nigeria will go into recession.”

Nigeria in a space of few hours recorded increase in number

…
Buhari Approves Decongestion Of Nigeria Prisons

Buhari Approves Decongestion Of Nigeria Prisons

March 28, 2020 7:17 am

President Muhammadu Buhari has approved the decongestion of Correctional Service formations due to coronavirus.

Attorney-General of the Federation and Minister of Justice, Abubakar Malami, stated that the President was concerned that around seventy percent of the inmates were awaiting trial.

Umar Jibrilu, Malami’s spokesman, in a statement Friday night, recalled that Buhari had constituted a Presidential Committee for the Decongestion of the Correctional Centers.

Read Also: Nigerians Kick Femi Adesina Over ‘Buhari’s Style’ Comment

The Committee, coordinated by the Federal Ministry of Justice, has Malami as Chairman.

Members are Chief Justice of the FCT and the Comptroller General of

…
Americans To Get N455,000 Each As Trump Signs Package

Americans To Get ₦455,000 Each As Trump Signs Package

March 28, 2020 7:16 am
United States President Donald Trump on Friday signed the $2.2 trillion financial package to alleviate the economic impact of coronavirus on citizens.

The signing followed House of Representatives’ approval of the bill.

The Senate had passed same on Wednesday.

“This will deliver urgently needed relief to our nation’s families, workers and businesses. And that’s what this is all about,” Trump said at a signing ceremony in the Oval Office.

The government will make $290 billion direct payments to Americans earning below $99,000 per annum.

They are expected to get up to $1,200 each and $500 per child.

Read Also: British

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MURIC Reacts As Buhari Govt Moves To Release Prisoners

MURIC Reacts As Buhari Govt Moves To Release Prisoners

March 28, 2020 7:14 am

The Muslim Rights Concern (MURIC) has commended the announcement by the President Muhammadu Buhari government that it would release some set of prisoners.

Those excluded are inmates serving jail terms for capital offences such as murder, kidnapping, armed robbery, rape, treason among others.

The government’s decision followed coronavirus spread and the health challenges the Nigeria Correctional Service would face in the event of a major outbreak in Nigeria.

Read Also: MURIC Reacts As Yoruba Group Asks Sanusi To Leave Lagos

The global pandemic is currently ravaging the world and claims hundreds of lives daily on the average.

MURIC Director, Professor

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Sanwo-Olu Distributes Food Items To Lagos Residents

Sanwo-Olu Distributes Food Items To Lagos Residents

March 28, 2020 7:14 am

The Lagos State Governor, Babajide Sanwo-Olu has commenced the distribution of bags of rice, beans and Vitamin C to indigent families to cushion the stay-at-home order aimed at tackling the spread of Coronavirus.

Sanwo-Olu said the economic stimulus will reduce the burden of the temporary economic meltdown caused by the COVID-19 scourge.

He stated this after an on-the-spot assessment of one of the state-owned food banks in Agege area of the state, yesterday.

Read Also: Coronavirus Forcing Parents To Skip Kids’ Vaccinations

He explained that the measure was to further encourage people to stay at home to curtail the spread …

Hunger Will Kill More Than Coronavirus – Activist, Ikimi

Hunger Will Kill More Than Coronavirus – Activist, Ikimi

March 28, 2020 7:13 am

Renowned human rights activist, Mr. Oghenejabor Ikimi has said there should be “palliatives” if there must be total shutdown of land borders, sea ports, markets, shops and others in Delta State as the Country battles with the Coronavirus which is currently plaguing the world.

The legal practitioner made the assertion in an interview with a news correspondent in Warri.

Ikimi, who is also the Executive Director of the Centre for the Vulnerable and Underprivileged, CENTREP said, “I don’t agree in totality with the shutdown. If there must be shutdown, there must be palliatives.

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