April 2022

Stock Market Opens Week With ₦3.51bn Gain

Stock Market Opens Week With ₦3.51bn Gain

April 26, 2022 4:06 am

The Nigerian Exchange (NGX) Ltd., on Monday recorded a gain of ₦53.51billion following investors’ interest in Union Bank and Access Bank.

Specifically, the market capitalization garnered N53.51billion or 0.20 percent to close at N26.18 trillion from ₦26.125 trillion on Friday.

Also, the All-Share Index advanced by 99.26 points or 0.20 percent to close at 48,558.91 against 48,459.65 achieved on Friday.

Accordingly, the Month-to-Date and Year-to-Date gains increased to 3.4 percent and 13.7 percent respectively.

The result was impacted by gains recorded by Guaranty Trust Holding Company(GTCo), United Bank for Africa (UBA), Zenith Bank Stanbic Bank and First Bank Nigeria Holdings …

Resolve Crisis In The University System – Catholic Bishop Tells FG, ASUU

Resolve Crisis In University System – Catholic Bishop To FG, ASUU

April 26, 2022 3:49 am

The Catholic Bishop of Ekiti Diocese, Rev. Felix Ajakaye, has appealed to the Academic Staff Union of Universities (ASUU) and the Federal Government ( FG) to resolve the lingering crisis that has led to the closure of all public universities.

Ajakaye said that the resolution should be in the interest of students, parents and the country at large.

This is contained in a statement by Mr Adebayo Adegbenro, the Deputy Director of Information and Protocol of the Federal University of Technology, Akure (FUTA), on Sunday in Akure.

The statement was made on the sideline of the burial ceremony of …

2023: Amaechi Did Not Impose Me On Rivers APC - Tonye Cole

2023: Amaechi Did Not Impose Me On Rivers APC – Tonye Cole

April 26, 2022 3:40 am

Mr Tonye  Cole, who has been named the consensus candidate of the All Progressives Congress (APC) for the 2023 Rivers State governorship election has called for unity, especially among the other governorship aspirants so that the party can win the forthcoming elections and give the people of the state  “a new lease of life through purposeful and progressive governance that will bring about social cohesion and economic prosperity.”

In a thank you address to Rivers APC leaders and members, Mr. Cole, who gave an insight into the process that resulted in his being chosen as the consensus candidate, acknowledged that …

Lagos Blue Line Rail Project At 90 Percent Completion – Sanwo-Olu

Lagos Blue Line Rail Project At 90 Percent Completion – Sanwo-Olu

April 26, 2022 3:33 am

Governor Babajide Sanwo-Olu of Lagos State in front of a train, during an inspection of the Blue Line Rail on Sunday, April 24, 2022.L-R: Gov. Babajide Sanwo-Olu of Lagos State addressing journalists during inspection of the Blue Line Rail on Sunday, April 24, 2022.

With him from left: Director, Rail Transport, Mr Olasunkanmi Okusaga; Commissioner for Transportation, Dr. Federic Oladeinde; his counterpart for Information & Strategy, Mr Gbenga Omotoso; Special Adviser to the Governor on Public Private Partnership (PPP), Mr Ope George, and Commissioner for Physical Planning and Urban Development, Dr. Idris Salako.

Read Also: Nobody Understands Nigeria Better Than

…
Group Laments Rising Debt Profile Of Developing Countries

Group Laments Rising Debt Profile Of Developing Countries

April 25, 2022 10:30 pm

African Consultative Group at the UN has highlighted the need to address rising debt vulnerabilities of developing countries, particularly in Africa.

The group also seeks effective ways to alleviate the weight of debt service on indebted African countries.

In a statement issued on Sunday in Washington D.C., the group stressed the need to continue working together to strengthen the debt resolution architecture.

Read Also: Nigeria’s Public Debt Now Close To ₦40 Trillion – DMO

The architecture, it explained included improving on the Common Framework for debt treatments and technical assistance within the Multipronged Approach to address capacity requirements.

The …

Africa Must Prepare For A Global Food Crisis, Says Adesina

Africa Must Prepare For A Global Food Crisis, Says Adesina

April 25, 2022 10:07 pm

African Development Bank Group President, Dr. Akinwumi Adesina says “Africa must prepare for the inevitability of a global food crisis.” 

Adeshina, in a statement, spoke about Africa’s priorities, as a guest at the Atlantic Council’s Africa Center in Washington DC.

Fielding questions from the Council’s Africa Center Chair, Ambassador Rama Yade; Senior Fellow Aubrey Hruby; and Washington/UN correspondent for Jeune Afrique and The Africa Report, Julian Pecquet, the Bank chief called for an increased sense of urgency amid what he described as a once-in-a-century convergence of global challenges for Africa.

Read Also: Tinubu Congratulates Adesina On Re-Election As AfDB President…

New Coronavirus Cases In Beijing Prompt Emergency Shopping

New Coronavirus Cases In Beijing Prompt Emergency Shopping

April 25, 2022 7:48 pm

 The specter of coronavirus lockdowns was creeping into view in China’s capital, forcing people to stock up on supplies.
Even though the 3.5 million residents of one district have been ordered to undergo regular testing.

The testing regime in the district of Chaoyang would require residents there to go through three rounds of testing at two-day intervals.

The requirement comes as a few dozen cases have been located in Beijing.

Read Also: WHO: New Covid-19 XE In UK, More Contagious Than Omicron

There were also reports of general lockdowns in the city’s western districts, with residents told not to leave …

Invasion: Russia Attacks Mariupol Again, Ukraine Reports

Invasion: Russia Attacks Mariupol Again, Ukraine Reports

April 24, 2022 12:47 am

Russia started its attack on the last Ukrainian soldiers trapped in a massive steelworks in Mariupol, only days after Moscow claimed victory in the southern city and said that its forces did not need to seize the factory.

Volodymyr Zelenskyy, Ukraine’s president, said the country’s army was not prepared to attempt to breach the siege of the port city.

Read Also: ‘New Weapon From Russia Will Make Adversaries Think Twice’

He did, however, say that America’s top diplomat, Secretary of State Antony Blinken, and US Defense Secretary Lloyd Austin will pay a visit to Kyiv on Sunday to discuss …

Family Is Everything; It Shouldn't Disintegrate

Family Is Everything; It Shouldn’t Disintegrate

April 23, 2022 1:43 am

Except you know the origin and were there at the formation of the family, at the creation of the world. Your gender, position of authority, and profession notwithstanding, you should not be used or be the reason the family is disintegrating.

Your gender, your position of authority, and your profession notwithstanding, this includes those religious leaders who tell their followers that their mothers and mothers-in-law are witches whom they should run away from. Lamentation 2:14 Thy prophets have seen vain and foolish visions for thee and have not seen your sins/iniquities. To bring back your captivity, “Jeremiah 23:25-32,

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Governor Nyesom Wike: A Typical Example of Shamelessness

Governor Nyesom Wike: A Typical Example of Shamelessness

April 22, 2022 1:15 am

Nyesom Wike, the current Governor of Rivers State, is an example of a man whose quest for power can drive him to do unthinkable and unimaginable things. He is a man who is willing to discard anything noble in favor of selfish and egotistical ambition.

Simply put, Wike, like many Nigerian politicians, lacks honor. The only thing they value is their own selfish ambition, primarily for the purpose of mass exploitation.

Read Also: SARS: How Wike Sold Out Because Of Vice Presidency

You don’t want to read a long description of the politician known as Wike, but it’s important …

The G20 Expresses Its Opposition To Russia's War In Ukraine

The G20 Expresses Its Opposition To Russia’s War In Ukraine

April 21, 2022 3:07 am

At a Group of 20 meeting on Wednesday, top British, U.S., and Canadian officials walked out on Russia, and many other G-20 members raised concerns about Moscow’s war in Ukraine, revealing deep rifts within the group.

Read Also: Invasion Of Ukraine: US Sanctions On Putin’s Daughters

Indonesian Finance Minister Sri Mulyani Indrawati, who presided over the meeting of G20 finance officials in Washington, acknowledged that the group was confronted with unprecedented challenges, but urged cooperation to overcome factors affecting global growth.

“This is an extraordinary situation,” Indrawati told reporters following the daylong meeting. “It’s not business as usual, a

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'New Weapon From Russia Will Make Adversaries Think Twice'

‘New Weapon From Russia Will Make Adversaries Think Twice’

April 20, 2022 12:46 pm

After successfully testing its Sarmat intercontinental ballistic missile on Wednesday, Russia said that its new weapon would make its enemies think twice about what they could do to them.

Read Also: Russia Threatens To Escalate Assault On Kiev

Putin was seen on television being informed by the military that the missile was launched from Plesetsk in the country’s northwest and struck targets in the far eastern Kamchatka peninsula.

“The new complex has the highest tactical and technical characteristics and is capable of overcoming all modern means of anti-missile defense. It has no analogues in the world and won’t have for

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