Breaking News in Nigeria Today Monday 18th May 2020
Here are some of the Breaking News in Nigeria Today Monday 18th May 2020 on some of the nation newspapers .
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Sanusi: Many airlines’ll go under post-COVID-19
The Managing Director of Nigeria’s oldest airline, Aero Contractors, Capt. Ado Sanusi, in this interview with WOLE SHADARE paints a grim picture of situation Nigerian carriers are most likely to face post-COVID-19 as airlines are running out of cash and could find it difficult to restart operations amid uncertainty they are faced with There are indications that Nigerian carriers are at the brink of bankruptcy following COVID-19 outbreak as the cash reserves are fast drying up. How true is this? It is like somebody is…
NSE halts weekly gains by 0.72%
NEGATIVE SENTIMENT Financial services industry led the activity chart with 676.072 million shares valued at N5.053 billion traded in 10,753 deals T he NSE All-Share Index and Market Capitalisation both depreciated by 0.72 per cent to close last week at 23,871.33 and N12.441 trillion respectively to halt weekly gains. All other indices finished lower with the exception of NSE Main Board, NSE CG, NSE Pension, NSE ASeM, NSE AFR Bank Value, NSE Meri Growth, NSE Consumer Goods and NSE Oil/Gas which appreciated by 1.29 per cent, 1.52 per cent,…
Gambari: The man who the cap fits
Nigerians set agenda for Gambari, new Chief of Staff to Buhari The waiting game over the appointment of new Chief Staff to the President was resolved last week, following the unveiling of a former Permanent Representative of Nigeria to the United Nations and Under-Secretary-General of the world body, Prof. Ibrahim Gambari. But it is a Herculean task ahead as Nigerians set agenda for the man, who is saddled with the management of the President Muhammadu Buhari’s schedule. FELIX NWANERI and TEMITOPE OGUNBANKE report T he office…
COVID-19: Obaseki advocates technological solutions to disruption
E do State Governor, Mr. Godwin Obaseki, yesterday made the case for technology-based solutions to the disruptions caused in the wake of the Coronavirus pandemic, noting that Information and Communication Technologies (ICT) had proven quite useful in managing communication, eCommerce and other disruptions to the social order. The governor said this in commemoration of the World Telecommunication and Information Society Day marked by the International Telecommunications Union (ITU) and other agencies. According to him, “There is no denying that COVID-19 pandemic has altered life as we…
Lower salt intake reduces hypertension risk
A medical expert has advocated lifestyle change, including reduction in salt intake as a strategy to reduce the risk of hypertension. An Internal Medicine Physician, Dr. Rajeev Gupta, who is also a diabetologist, made this known as part of awareness campaign on the prevention and management of hypertension. His made the call on the heels of activities to mark the 2020 World Hypertension Day. According to Gupta, who also the Director of Fortis Hospital, Shalimar Bagh in Delhi, India, although, salt is the main source of sodium, a…
4G: Airtel invests N117bn in network infrastructure
BOOST To boost its service delivery capacity, the mobile network operator has increased its investment in infrastructure M obile telephone network operator, Airtel Nigeria, invested a sum of N117 billion ($325 million) on network expansion in the last 12 months, New Telegraph has learnt. The parent company, Airtel Africa, disclosed this in its financial results for the year ended March 31, 2020. This showed that the company invested more in the 2020 financial year compared to 2019 when its total capital expenditure stood at N64.8 billion ($180…
Oil price rout pushes Nigeria’s fiscal deficit to N5.365trn
FEAR FG frets as $25 per barrel benchmark lessens 2020 budget implementation strength by N71.5bn T he incessant review of the benchmark for crude oil in 2020 budget has pushed the fiscal deficit to N5.365 trillion. This, a correspondence between the Ministry of Petroleum Resources and the Ministry of Finance sighted by New Telegraph at the weekend showed, is the revenue gulf created for Nigerian crude oil price of $25 per barrel along with output of 1.94 million barrels per day that was newly agreed to…
CACOVID donates kits to NCDC, boosts testing by 32,500
T he private sector-led Coalition Against COVID-19 (CACOVID) has donated more extraction kits and silicon swabs to the National Centre for Disease Control (NCDC) to increase the number of COVID-19 tests by 32,500 in the country. CACOVID, at the weekend released 140 extraction kits, which translates to 14,000 tests to help the Nigerian government tackle and mitigate the impact of the COVID-19 pandemic ravaging the world. Concerned that the availability of test kits has become a challenge in fighting the pandemic, CACOVID will be releasing additional 110 kits,…
Universal Insurance hails Thomas as CFI, CEO, NAICOM
U niversal Insurance Plc has joined the array of well-wishers, professional colleagues, friends, the entire insurance business community as well as associates of Mr Sunday Thomas in felicitating with him on his confirmation as the substantive Commissioner for Insurance (CFI) and Chief Executive Officer of the National Insurance Commission (NAICOM) by His Excellency, President Muhammadu Buhari, GCFR. The company, in a letter to the commissioner and signed by the Board Chairman, Lt. Gen. Joshua Dogonyaro, CFR, Mni, and the MD/CEO, Mr. Ben Ujoatuonu, described Thomas as the man…
Edo, Ondo polls: APC NWC to meet for primaries preparation
B arring any last minute change, the National Working Committee (NWC) of the ruling All Progressives Congress will this week meet to commence the preparations for the Edo and Ondo states governorship primaries. That was revealed yesterday by a National Working Committee member of the party. According to the NWC member, the party would meet on the need for the preparations for the governorship primaries for the two states. Despite the lockdown for the Coronavirus pandemic, the independent National Electoral Commission (INEC) has said that the…
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