Breaking News in Nigeria Today Monday 13th April 2020
Here are some of the Breaking News in Nigeria Today Monday 13th April 2020 on some of the nation newspapers .
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Residents resort to self-defence over robbery attacks
R esidents of Agege, Oko-Oba, Abule-Egba, Agbado Crossing, Ijoko, Fagba and other areas of Lagos and Ogun states now keep vigil to ward off robbers. This followed a wave of violent robberies by armed gangs in those areas while the police were either overwhelmed or ill-prepared for the insecurity brought about by the lockdown. On Saturday and early hours of Sunday, some hoodlums, believed to be members of “One million Boys” and “Awawa” cult groups invaded some streets at Agege, Abule-Egba, Agbado Crossing, Fagba, Ijoko, Ifako-Ijaiye and other areas, breaking…
I share in your pains, Emmanuel tells Akwa Ibom people at Easter
A kwa Ibom State Governor, Udom Emmanuel, has assured the people of his state that he is not oblivious of the pains they are going through during this COVID-19 lockdown in the state. The governor had a week ago announced a full enforcement of Akwa Ibom State Quarantine and Restrictions of Movement Regulations 2020 as part of measures to curb the spread of the pandemic in the state. He recently announced the provision and distribution of palliatives to all residents of the state to alleviate the lockdown order. In a…
Abridged euphoria as COVID-19 surfaces
The insurance sector began the year on a note of great expectations as policies by the Federal Government and the regulator, the National Insurance Commission (NAICOM), injected confidence into the industry until the outbreak of COVID-19. Sunday Ojeme reports B esides the news of extension given to the operators to recapitalise, having been moved from June 31, 2020 to December 31, 2020, the passage of the Finance Act 2019 into law by the government was also highly celebrated by the operators. Specifically, the Director-General, Nigerian…
Anambra 2021: Soludo battles the odds
OKEY MADUFORO reports on the early plot by some political gladiators in Anambra State to frustrate the governorship bid of a former governor of the Central Bank of Nigeria (CBN), Prof. Chukwuma Soludo, ahead of the 2021 poll in the state O n that fateful day at the Government Technical College Awka, a former governor of the Central Bank of Nigeria (CBN), Prof. Chukwuma Soludo, mounted the podium along with his running mate Senator Emma Anosike under the platform of the Peoples Democratic Party (PDP) for the 2010 gubernatorial…
COVID-19: Extended lockdown dims flight resumption plans
M any of the country’s airlines that had planned to resume flight services this week are rethinking their decisions, saying that they are not certain when they would resume operations. Penultimate week, Arik, Aero Contractors, Azman, Max Air, Dana Air, Air Peace and Ibom Air had in press statements disclosed that they would suspend flight operations for just two weeks because of COVID-19 pandemic with plans to resume after that; but the situation on ground does not make it feasible. Millions of jobs are at stake for…
Bickering over Lagos COVID-19 relief packages
TEMITOPE OGUNBANKE writes on the bickering over relief packages provided by Lagos State government to those it described as the vulnerable as a result of the COVID-19 lockdown T here is no doubt that this is not the best time for millions of Nigerians, considering the COVID-19 pandemic, which the world is currently battling with. The pandemic has led to a total shut down of commercial and political activities in many states, especially in Abuja, Lagos and Ogun states, where President Muhammadu Buhari penultimate Sunday declared 14 days…
Stokman: Why investors withheld funding for Nigeria’s downstream sector
The downstream sub-sector of Nigeria’s oil industry ranks as the biggest employer of labour in the entire value chain. An investor who doubles as the Chief Executive Officer (CEO) of OVH Energy Marketing (OVHEM) Limited, licensee of the Oando retail brand and ASPM Limited, custodians of the Lagos Midstream Jetty, Mr. Huub Stokman, in this interview with ADEOLA YUSUF, highlights challenges t?hat have kept Nigeria from reaping the full investment benefits from the industry Can you tell us the constraints investors in Nigeria’s downstream sub-sector are facing? Described…
Easter: We’ll overcome difficulties, says Reps minority leader
T he Deputy Minority Leader of the House of Representatives, Hon. Toby Okechukwu, has urged Nigerians not to despair, assuring them that the nation would ultimately overcome her challenges, including the COVID-19 pandemic. Okechukwu stressed that just as Christ rose on Easter morning despite suffering crucifixion on Good Friday, the nation too would emerge stronger from her present challenges. He stated this in his Easter message to Nigerians, urging Nigerians to join hands to defeat their common enemies by whatever forms or names they manifest. “The indiscriminate devastation of humanity…
COVID-19: Nigeria’s current account deficit may hit $19.6bn
N igeria’s current account deficit could rise to $19.6 billion this year, from the 2019 level of $17.0 billion, NOVA Merchant Bank has predicted. The bank made the forecast in its latest report entitled “Current account deficit on the run as pressure mounts” obtained by New Telegraph at the weekend. According to the lender, the widening of the deficit will principally result from the impact of the coronavirus (COVID-19) pandemic as well as the effects of the expected slump in crude oil prices. Current account deficit is a…
Oil: FG targets $2.8bn revenue surplus amid COVID-19
GROUNDS Why OPEC slashed 10m barrels off production quota T he Federal Government at the weekend took a detour from forecast by global economic experts, projecting $2.8 billion revenue surplus from oil amidst COVID-19 pandemic. Experts have predicted that major economies including that of oil producers like Nigeria would slip into recession buoyed by the Coronavirus. According to a document of the Ministry of Petroleum Resources obtained by New Telegraph Federal Government is basing its projection on fresh rounds of quota cut, which it expects to push crude oil…
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