Category: Business - Page 6 - African News Today

FG Extends Phase Two Lockdown by Four Weeks, Retains 10pm Curfew

7Aug

By Obiajulu Joel NwoluNo Comments

Aviation, Covid-19, Economy, Education, Finance, News, Nigeria, Transportation, Youths

FG Extends Phase Two Lockdown by Four Weeks, Retains 10pm Curfew

President Muhammadu Buhari has ratified the extension of the phase two lockdown measures in response to COVID-19 by another four weeks. This implies that all guidelines introduced to curb the spread of the virus under the second phase of the relaxed lockdown which took effect on June 1 will remain effective with slight modifications to address the economic, socio-political and health concerns as contained in the latest report by the Presidential Task Force (PTF) on COVID-19. This was disclosed by the Chairman of the PTF who is equally the Secretary to the Government of the Federation, boss Mustapha, at the press briefing of the task force in Abuja on Thursday. Mustapha said state governments and authorities of the Federal Capital Territory (FCT) would be mandated to enforce non-ph...

Botswana Bans Sale of Alcohol, Halts Liquor Licences as Part of Measures to Curb COVID-19 Spread

6Aug

By Obiajulu Joel NwoluNo Comments

Covid-19, Economy, Finance, News, Safety, Science

Botswana Bans Sale of Alcohol, Halts Liquor Licences as Part of Measures to Curb COVID-19 Spread

Botswana has banned the sale and consumption of alcohol in public places and withdrawn liquor licenses in the country as part of effort to curb the spread of the fatal COVID-19. This was disclosed by President Mokgweetsi Masisi through a gazette notice released on Wednesday by the government. “NOTICE IS HEREBY GIVEN that His Excellency the President, acting in accordance with regulation 30G of the Emergency Powers (COVID-19) Regulations, 2020, has with immediate effect suspended all liquor licences issued in terms of the Liquor Act,” the notice read in part. The statement also clarified that “liquor” also included traditional beers, which are brewed by a majority of rural households in Botswana. “The suspension of the sale of alcohol is based on evidence that consumption of alc...

Edo Poll Update: Idiaye Impeached as Edo Assembly Deputy Speaker

5Aug

By Obiajulu Joel NwoluNo Comments

Legislature, News, Nigeria

Edo Poll Update: Idiaye Impeached as Edo Assembly Deputy Speaker

Yekini Idiaye, Deputy Speaker of the Edo State House of Assembly has been impeached. He was relieved of his position on Wednesday during a plenary of the Assembly in the capital city of Benin. Roland Asoro, the member representing Orhionmwon II Constituency, was elected as the new Deputy Speaker of the House. Tension continues to rise in the state as the gubernatorial election scheduled for September 19 draws closer. Some lawmakers on Monday endorsed the candidacy of the candidate of the All Progressive Congress (APC) Ize-Iyamu, while on a private visit to the Benin residence of the APC flag bearer. Idiaye, a critic of the Governor Godwin Obaseki administration, had said, “There is no reason for me to defect to another party because there is no single project in my...

Ondo Guber: PDP Candidate Drums Up Support, Visits Former Governor Mimiko

5Aug

By Obiajulu Joel NwoluNo Comments

News, Nigeria

Ondo Guber: PDP Candidate Drums Up Support, Visits Former Governor Mimiko

Flag bearer of the People’s Democratic Party (PDP) for the October 10, 2020 Ondo State gubernatorial election, Eyitayo Jegede, has visited the residence of his former boss, Dr. Olusegun Mimiko. Jegeded was reported to have visited the former governor’s residence in Ondo town around 8pm yesterday in company of some PDP stalwarts. The pair had not enjoyed the best of friendships after the 2016 governorship election which Jegede contested under the umbrella of the PDP but lost to the incumbent state Governor, Oluwarotimi Akeredolu. Political watchers have been anticipating the visit of the PDP candidate to his former principal who appointed him to the positions of Attorney General and Commissioner for Justice. Jegede described the visit as private one, though some observers saw it...

Africa, World Risk ‘Generational Catastrophe’ on Education, UN cautions

4Aug

By Obiajulu Joel NwoluNo Comments

Africa, African Development, Covid-19, Economy, Education, Employment, Finance, Interview, Life, News, Press Statement, Safety, Science, United Nations, Youths

Africa, World Risk ‘Generational Catastrophe’ on Education, UN cautions

The United Nations (UN) cautions that Africa and the rest of the world could witness a “generational catastrophe” due to the closure of schools around the world amid the COVID-19 scare. This was disclosed by U.N. Secretary-General Antonio Guterres in a communique. Reports suggest as at mid-July, at least 160 countries had closed their schools keeping more than 1 billion students at home while at least 40 million children have missed out on pre-school. Guterres said ensuring the safe return of students to classroom must be a “top priority”. “Now we face a generational catastrophe that could waste untold human potential, undermine decades of progress, and exacerbate entrenched inequalities,” said Guterres as he launched a U.N. “Save our Future” campaign. He further stated that, “...

3Aug

By Obiajulu Joel NwoluNo Comments

Economy, Finance, News, Nigeria, Press Statement, South Africa

Shoprite Commences Process to Shut down Operation in Nigeria

South Africa’s grocery retail giant, ShopRite, plans to discontinue its operation in Nigeria. Shoprite first made its way to Nigerian market in Lagos in December 2005. On Monday morning, the firm said in a trading update filed at the Johannesburg Stock Exchange that it plans to stop operations in Nigeria. International supermarkets (excluding Nigeria) contributed 11.6 per cent to group sales and reported 1.4 per cent decline in sales from 2018. 78 percent of overall sales was contributed by South African operations and accounted for 8.7 percent increase for the year. The company said it had received offers from investors seeking to take over its Nigerian operations. It said it was deliberating a total sale of its operations or selling a majority stake to Nigerian subsidia...

Napoli Completes Club Record €50m Deal for Nigerian Striker Osimhen from Lille

1Aug

By Obiajulu Joel NwoluNo Comments

African Development, Employment, Finance, News, Nigeria, Sports, Youths

Napoli Completes Club Record €50m Deal for Nigerian Striker Osimhen from Lille

Napoli has completed the club record signing of Nigerian striker, Victor Osimhen from Ligue 1 side, Lille. Osimhen who bagged 18 goals in 38 appearanced for Lille in the just concluded 2019-20 season joins Napoli for a club record €50 million (£45m/$59m) fee. Speculations had linked the forward with several top European clubs after his topnotch form in front of goal, including scoring against Premiere league clubs Arsenal and Liverpool but Osimhen has opted for the Serie A side. Osimhen has scored four goals in 10 appearances for the super Eagles of Nigeria. He first moved to Europe in 2017 with Wolfsburg in German Bundesliga, before joining Charleroi in Belgium on a initial loan deal which was later made permanent. He was prolific in Belgium as he scored an impressive 36 goals...

FAAN Speaks on Readiness for Eid-El-Kabir Celebration

29Jul

By Obiajulu Joel NwoluNo Comments

Aviation, Covid-19, Economy, Finance, News, Nigeria, Press Statement, Safety, Security, Transportation

FAAN Speaks on Readiness for Eid-El-Kabir Celebration

The Federal Airports Authority of Nigeria (FAAN) has assured air travelers of its readiness to serve Nigerians during the Sallah celebrations. A statement released through its Twitter handled signed by Henrietta Yakubu General Manager, Corporate Affairs expressed its commitment to ensure safety of its airports and travelers. The Federal Government is ensuring gradual reopening of airports after closure due to COVID-19 pandemic. The statement read, “The Federal Airports Authority of Nigeria (FAAN) assures all airport users that Nigerian airports under its management are fully ready to play host to air travelers during this Sallah celebrations. As part of our commitment to ensure safe, healthy and seamless facilitation of our highly esteemed passengers during the Sallah celebrations...

AfDB Corruption Probe: Independent Panel Exonerates Adesina

28Jul

By Obiajulu Joel NwoluNo Comments

African Development, Corruption, Economy, Justice, News, Nigeria

AfDB Corruption Probe: Independent Panel Exonerates Adesina

The independent committee inaugurated to examine the report of the Ethics Committee of the Board of Directors on the accusations made by the whistle blowers against the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has cleared the bank’s president of any wrongdoing. The top-class independent review committee headed by Mrs. Mary Robinson, former President of Ireland, turned in its report on Monday. The panel was inaugurated in July 2 by the Bureau of Governors of the Bank, following a complaint by the United States, to crosscheck the process by which two organs of the Bank – the Ethics Committee of the Board, and the Bureau of the Board of Governors had hitherto cleared Adesina. In the top-class Revie Panel were- Mary Robinson, who is a former President of...

Nigeria Opens 14 Airports for Domestic Operation

27Jul

By Obiajulu Joel NwoluNo Comments

Aviation, Covid-19, Economy, News, Nigeria, Safety, Transportation

Nigeria Opens 14 Airports for Domestic Operation

The Federal Government of Nigeria said 14 airports were now accessible for domestic flight operations in the country. Hadi Sirika, Minister of Aviation in a tweet on his official twitter handle said that 14 airports were now fully operational for domestic and commercial flights. The minister said that ministerial approvals for private and charter flights in and out of the 14 airports were not required, as the public would be informed of the other airports in due course. He disclosed that the 14 airports are: Murtala Muhammed International Airport, Lagos; Nnamdi Azikiwe International Airport, Abuja; Mallam Aminu Kano International Airport, Kano; and Port Harcourt International Airport, Omagwa. Others include the Sam Mbakwe Airport, Owerri; Maiduguri Airport, Maiduguri; Victor At...