Nigeria news today headlines : Tuesday 10th March 2020
These are the Nigeria news today headlines updates from Nigerian newspaper .
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Oil Plunge May Push Nigeria To Devalue Naira
The plunge in oil prices may force Nigeria to devalue the naira as dwindling export revenues deplete foreign-exchange reserves, curbing the central bank’s ability to support the currency, Societe Generale SA warned on Monday, reports Bloomberg. The central bank’s reserves have decreased by 20% in the past two years to the lowest since November 2017,
Coronavirus: FG Steps Up Efforts As Nigeria Records Second Case
FRANCIS ONOIRIBHOLO; CHIOMA UMEHA; TOYIN ADEBAYO; BENIN CITY / LAGOS / ABUJA – Minister of Health, Dr. Osagie Ehanire, has announced the second case of the novel coronavirus (COVID-19) in Nigeria but said there’s no cause for alarm. Ehanire said the newly discovered case is an Ogun State contact of the index case who, however, has
CSOs, Other Stakeholders Reject Senate’s Social Media Bill
ABUJA – The upper chamber of the National Assembly is presently facing a dilemma over its Social Media Bill as Nigerians kicked against it during public hearing on Monday. The Senate had kick-started public hearing on the bill entitled, ‘Protection from Internet Falsehoods, Manipulations, and other Related Matters Bill’, sponsored by Senator Mohammed Sani Musa. Shortly
APC Crisis: Party’s Dep. Nat’l Publicity Scribe Seeks Buhari’s Intervention
ABUJA – Yekini Nabena, Deputy National Publicity Secretary of the All Progressives Congress (APC), has called on President Muhammadu Buhari to wade into the crisis threatening to rip the party apart. Nabena advised warring groups in the party to put the party above personal political interests, saying the ruling party was no one’s personal property. Nabena,
Kano Govt Appoints New Emir Of Kano, Sends Sanusi On Exile
KANO – The Kano State government has named Alhaji Aminu Ado Bayero as the new Emir of Kano hours after dethroning Muhammad Sanusi II and taking him to Nasarawa on exile under heavy security. Alhaji Aminu Ado Bayero will be the 15th Emir of Kano. The new Emir is the son of the late Emir Ado
I Was Robbed But God Restored My Mandate Through S/Court –Diri
Senator Douye Diri, Governor of Bayelsa state, recently spoke with select journalists in Lagos on the circumstances that led to his emergence as the number one citizen of the state widely regarded as the ‘Glory of All Lands’. He also spoke on the controversial N2.9 billion loan, resource control and other issues. TEMIDAYO AKINSUYI brings
AfDB Set To Invest $200m In Nigeria To Boost Electricity Supply – Shonibare
The Acting Vice President, Power, Energy, Climate and Green Growth Complex (AFDB), Mr Wale Shonibare, yesterday disclosed that the Bank is set to invest 200 million dollars through the Rural Electrification Agency (REA) to boost power supply in Nigeria. Shonibare, also the Director, Energy and Installation in the bank, who led some management staff of
Price War Forces Oil Prices Down 30%
Oil prices plunged to multi-year lows yesterday as tensions between Russia and Saudi Arabia escalate, sparking fears on the street that an all-out price war is imminent. The sell-off in crude began last week when OPEC failed to strike a deal with its allies, led by Russia, about oil production cuts. That, in turn, caused
Why Analytics Business Grows More In Africa Than Traditional Research – Foster
LAGOS – The Chief Executive Officer for Kantar Africa and the Middle East, Charles Foster, has revealed the increasing growth of analytics and insights in Nigeria and Africa as against the traditional research business. Foster, who spoke in an exclusive interview with DAILY INDEPENDENT, at the weekend, said that traditional research was not growing across
Access Bank Assets Now N7.15trn, Posts N97.5bn Profit
LAGOS – Access Bank Plc in its full year financial results ended December 31, 2019 submitted to the stockbrokers and management of the Nigerian Stock Exchange (NSE) yesterday, said it grew its total assets by 44.3 per cent from N4.954 trillion in the corresponding period of 2018 to N7.146 trillion. The bank is also offering a
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