March 4, 2022

Shock As Euro Falls Below $1.10 For First Time Since 2020

March 4, 2022 2:46 pm

The euro on Friday sank close to a two-year low under $1.10 as the Ukraine conflict continues to cloud the eurozone’s economic recovery from the Covid-19 pandemic which it is still trying to recover from.

The European single currency slid in late morning deals to $1.0992, the lowest level since May 2020, as the greenback benefited also from its status as a haven investment.

Traders have continued to provide varied explanations for the drop, including a tweet from President Donald Trump in which he said the euro was dropping ‘like crazy’ and lamented the strength of the U.S. dollar, attributing …

Invasion: NATO Rejects Ukraine’s No-fly Zone Request

March 4, 2022 2:40 pm

NATO allies on Friday rejected Ukraine’s demand for no-fly zones reiterating that they were increasing support but that stepping in directly would lead to a broader, even more brutal European war which would not be safe for anyone.

Africa Daily News, New York reports that Ukraine, a former Soviet republic that wants to join the European Union and Western military alliance NATO, is not a currently a member of either.

‘We are not part of this conflict, and we have a responsibility to ensure it does not escalate and spread beyond Ukraine,’ NATO Secretary-General Jens Stoltenberg told a news conference …

Nigeria Now On Autopilot, PDP Declares

March 4, 2022 4:21 am

Nigeria’s main opposition Party, the Peoples Democratic Party (PDP) has declared that the All Progressives Congress (APC)-led Federal Government has placed Nigeria on autopilot that is now lacking direction.

PDP made this assertion in a statement by its National Publicity Secretary, Hon. Debo Ologunagba which was sighted by Africa Daily News, New York. He said that all critical indicators so far have showed that the APC has allegedly abdicated its constitutional duty to guarantee the security and welfare of the people.

According to the party ‘The prevailing chaotic situation in the country with widespread uncertainties, unabating fuel crisis, piercing economic …

Buhari Has Grossly Failed North, Nigerians, Saraki Declares

March 4, 2022 4:12 am

Former Senate President and a two-term governor of Kwara State, Bukola Saraki has declared that President Muhammadu Buhari has grossly failed the people of Northern Nigeria and the country in general.

Saraki who had last declared his ambition to succeed President Buhari is currently going on consultations around the country. On Thursday, his Presidential Campaigns train visited Kano, and speaking to Party stalwarts said that President Buhari promised to give Nigerians power but the country was now worse off in energy supply.

‘The President said he will provide effective security of lives and properties, today, Nigerians cannot even travel to …

2023 Presidency: I Am ‘Seriously’ Consulting – Ngige

March 4, 2022 4:04 am

Nigeria’s Minister of Labour and Employment, Chris Ngige, has revealed that he was ‘seriously consulting’ to run for President in 2023 and would make his decision known to Nigerians in a matter of weeks.

The former Governor of Anambra State made this revelation during an appearance Channels Television’s Politics Today which was monitored by Africa Daily News, New York on Thursday.

When asked if he would run for President in the next general elections, he said; ‘I told my constituents that were urging me on last December that I will do some consultation and that I will speak to …

Nigerian Fighters Must Provide $1,000 For Ticket – Ukraine

March 4, 2022 3:54 am

The Embassy of Ukraine in Nigeria on Thursday clarified that Nigerians who are willing to travel to Ukraine to fight Russian forces in the ongoing war must be willing to provide $1,000 for their tickets as well as visa.

The embassy gave this clarification when scores of Nigerian men trooped to its premises in Abuja on Thursday to express their readiness to join the Ukrainian side in fighting the Russians.

In an interview with newsmen, the Second Secretary at the Ukrainian Embassy to Nigeria, Bohdan Soltys, confirmed that $1,000 would be needed by Nigerian volunteers.

The announcement did not go …