South African superstores, Shoprite Holdings Limited, has stated it will auction its outlets in Nigeria, The Nation can report. The decision, it said, was informed by the COVID-19 pandemic, which it said has affected businesses worldwide. In its “Operational and Voluntary Trading Update (52 Weeks Ended 28 June 2020)” released on Monday, the megastores with presence in virtually all parts of Nigeria said the retail supermarket’s arm will be disposed of. The update reads: “Following approaches from various potential investors, and in line with our re-evaluation of the Group’s operating model in Nigeria, the Board has decided to initiate a…
Author: ACNN TV
Technology can be used to innovate an educational system for Nigeria A mind is a powerful tool. It is in the mind our imaginations are allowed to run wild. So much happens in our mind beyond our imagination, but it is the act of educating that develops our brain to think in different ways. It broadens the web that forms our thinking. Education builds the networks in our brain, enabling us to see the world in a different lens. It is interesting how education during the early stages of our lives is compulsory in most countries. There are many countries…
The doldrums of the deadly Corona Virus (COVID-19) pandemic which broke out in Wuhan, China, in December last year, has now made businesses to adopt more creative and innovative form of operations, especially with the change in the definition of normal. Navigating through the new normal amidst the deadly disease calls for more pragmatic approach by Media & Marketing ecosystem as economies try to rev up, though it is too early to say that it is entering the recovery phase after the humanitarian and economic damage caused by the pandemic. As economies restart, leaders are also considering ways to restore…
The introduction of the GSI to curb serial loan defaulters is welcome The failure of some bank customers to repay loans extended to them has remained a sore thumb in the nation’s financial system. Recent figures released by the Central Bank of Nigeria (CBN) put banks’ non-performing loans at N1.2 trillion as at the end of June 2020. This is about 6.4 per cent of the N18.9 trillion gross credit of the banks to the economy during the period under review. Therefore, the recent introduction of the Global Standing Instruction (GSI) by the CBN to curb the activities of those…
Mallam Mamman Daura, President Muhammadu Buhari’s confidant, is someone who speaks just once in a blue moon. He hardly grants media interviews or appears at public events. Only a few Nigerians can point him out in a crowd. A Google image search will return less than a dozen pictures of him. For a man who was a journalist, editor, corporate player and entrepreneur in his younger days, this anonymity is very much unusual — just as it is uncommon for you to be older than your uncle. Technically, Buhari is his uncle, even though the president is younger. Daura’s father…
The Evangelical Church of Wining All (ECWA) yesterday faulted President Muhammadu Buhari administration spending public funds to de-radicalise and rehabilitate repentant members of Boko-Haram, a jihadist terrorist organisation based in northeastern Nigeria ECWA, one of the largest Christian denominations in Nigeria, also said millions of the victims of Boko Haram insurgency “are still languishing in deplorable internal displaced persons (IDPs) camps,” describing the de-radicalisation project as a misplacement of priority. The church faulted the de-radicalisation project in a communique it issued at the end of its 67th General Church Council meeting in Jos, Plateau State yesterday. Founded by Mohammed Yusuf…
Sunday May 24th was the 54th Anniversary of the Promulgation of decree number 34 by Major General Johnson Thomas Umanakwe Aguiyi Ironsi (3rd March 1924- 29th July 1966). Few people remembered. It was the decree that transferred all the autonomous power of the four regions then to the centre. The regions then were Northern Region, Eastern Region, Western Region and Mid-Western Region. Decree 34 came into force on 24th May, 1966. Under it Nigeria formally ceased to be a Federation and was renamed the ‘Republic of Nigeria’, the Federal Executive Council became the ‘National Military Government’, the Federal Executive Council…
Social media has become a new and dangerous battleground for women’s rights in Egypt after young TikTok influencers were jailed while a resurgent #MeToo movement decried male sexual violence. Last Monday, a court sentenced five female social media influencers, Haneen Hossam, Mowada al-Adham and three others, to two years in jail each on charges of violating public morals over content posted to video-sharing app TikTok. International digital rights group Access Now described them as “all women, all young, all exercising their right to freedom of expression online”. Just two days later, a court sentenced another young social media influencer, Manar…
The Police Command in Nasarawa State has vowed that it will fish out the killers of Mr Amos Obere, the District Head of Odu Village in Nasarawa Local Government Area. Obere was murdered by unknown gunmen on Friday. Nansel Ramhan, the Police Public Relations Officer in the state, made the vow while speaking with the News Agency of Nigeria (NAN) on Sunday in Lafia. According to him, the command will not rest on its oars until the killers were identified, arrested and prosecuted. He said investigation to unravel the circumstances and those behind the attack had since commenced. Ramhan also…
The United States counted 61,262 new coronavirus cases in the 24 hours leading up to 8:30 pm Saturday (0030 GMT Sunday), according to a tally by Johns Hopkins University. It was the fifth consecutive day with more than 60,000 infections recorded, according to the Baltimore-based university. There were also 1,051 deaths in the 24-hour period. The US has now tallied more than 4.6 million cases and 154,319 deaths, making it the hardest-hit country in the world. The new numbers came as Florida braced for the arrival of Tropical Storm Isaias, which is expected to strengthen back into a hurricane as…