As part of its continued efforts to mitigate the impact of COVID-19 on households, businesses and regulated institutions, the Central Bank of Nigeria (CBN) has reduced interest rates on its facilities through participating Other Financial Institutions (OFIs) from nine per cent to five per cent per annum for one-year, effective March 1, 2020. The bank, in a circular signed by the Director, Financial Policy and Regulation Department, Mr. Kevin Amugo, posted on its website yesterday, said CBN intervention facilities obtained through participating OFIs – Microfinance Banks (MFBs), Primary Mortgage Banks and institutions, among others, would be given a further one-year…
Author: ACNN TV
No fewer than 30 bandits were killed in airstrike conducted by the Air Component of the Operation Hadarin Daji in Doumborou forest area of Zamfara State, the military has disclosed. The Coordinator of Defence Media Operations, Major General John Enenche, said in a statement issued yesterday that the logistics store belonging to the bandits was also destroyed in the attack. According to the statement, the military acted based on credible intelligence, which indicated that a structure within the forest was being used by bandits to store their logistics. “The Air Component of Operation Hadarin Daji has destroyed an armed bandits’…
Joshua Aderinola, a 400 level student of the Department of Physics with Electronics, Ajayi Crowther University in his own way to help prevent the spread of coronavirus has built a solar-powered automatic hand washing, rinsing, and drying Unit, a project supervised by Dr. P. C. Amalu, a Senior Lecturer in the Department. At the presentation of the project to the Management of the University on Wednesday 20th May 2020, the Special Assistant to the Governor of Oyo State on Students Matters, Mr. Olojede Victor said that it is a thing of joy see that students in the state are rising…
The Anglican Bishop on the Niger, Rt Rev. Dr Owen C. Nwokolo today extends his philanthropical magnanimity to the Umbrella body of those living with sickle cell, Association of People Living with Sickle Cell Disorder (APLSCD), by giving out palliatives to them at the Bishop’s Court. The Association with a total number of 180 persons in adherence to social distancing, sent 60 persons to collect the packages on behalf of the body. Bishop Nwokolo in his remark charge them to always work by faith, not by sight. According to him, “An eye of faith looks at elephant and calls it…
The Akure Anglican Diocese has commenced bulk production of face masks for free distribution to Diocesan members. The project under the supervision of the Bishop’s wife, Princess Christianah Borokini is to complement state government’s efforts in ensuring every citizen in the state has a face mask to wear.
LAGOS State Government will from July introduce what it describes as First Mile and Last Mile (FMLM) mobility solution to replace banned Okada and tricycle. Transportation Commissioner Frederick Oladeinde, speaking yesterday at the 2020 ministerial press briefing at the JJT Park, Alausa, Ikeja, said: “Following the restriction of motorcycles and tricycles for commuter operations in some areas in the metropolis, the government is working on implementing a First Mile and Last Mile (FMLM) mobility solution.” He explained that Okada and tricycle are not part of the state’s transport architecture, adding that they are constituting nuisance on the roads and responsible…
AFRICAN Development Bank (AfDB) President Dr. Akinwumi Adesina has not stepped down from office. Adesina, in a statement, said “the bank’s institutional framework is solid and efficient, adding that he stands by it”. The statement reads: “In recent weeks and over the last few days especially, I have been overwhelmed by the tremendous support received from around the world. I have absolute confidence in the integrity of the Bank that I lead and its governance systems, rules and procedures. “In spite of unprecedented attempts by some to tarnish my reputation and prejudice the Bank’s governance procedures, I maintain my innocence…
THE process to reopen schools and worship centres in the country has begun. The Presidential Task Force (PTF) on COVID-19 has met with Christian and Islamic leaders to fine-tune the conditions for reopening churches and mosques, it was learnt. Also on Wednesday, the PTF urged states, local governments and private proprietors to begin to take steps towards the return of pupils and students. Ensuring the kids go to school safe is the critical issue before the reopening, Minister of State, Education, Emeka Nwajiuba, said at the daily briefing by the PTF in Abuja. Schools, from primary to tertiary were…
Kogi, which has resisted attempts by the Nigeria Centre For Disease Control (NCDC) to operate in the state, has finally recorded two coronavirus cases. Until Wednesday evening, Kogi and Cross River were the only states claiming to have no COVID-19 cases. It all ended for Kogi on Wednesday. The state has been at daggers drawn with the centre over its purported zero COVID-19 status. It has come under a barrage of criticism from the Nigeria Medical Association (NMA) and sundry other stakeholders over its handling of the pandemic. Independent sources had claimed that no less than six coronavirus related deaths…
US President Donald Trump on Wednesday threatened to close down social media platforms after Twitter labelled two of his tweets “unsubstantiated” and accused him of making false claims. “Republicans feel that Social Media Platforms totally silence conservatives voices. We will strongly regulate, or close them down before we can ever allow this to happen,” Trump tweeted. Twitter targeted two tweets the president posted on Tuesday in which he contended without evidence that mail-in voting would lead to fraud and a “Rigged Election.” Under the tweets, Twitter posted a link which read “Get the facts about mail-in ballots” — a first…