The World Bank Group yesterday rejected request by African heads of state for cancellation of their countries’ debts, saying the world has moved past that line of action. World Bank Group President, David Malpass said, who disclosed this yesterday during a media roundtable for western and central Africa, said one of the themes of the Paris Conference two days ago, on Tuesday, was the call by African heads of state for cancellation of debts, but that’s not the direction that the world is moving at this point. Nigeria has the largest World Bank portfolio of more than $12 billion. Those…
Author: YemieFash
The House of Representatives has asked the Federal Government to direct the Nigerian Electricity Regulatory Commission (NERC) to halt with immediate effect, the proposed increase in electricity tariff scheduled to take effect from June 2021. Adopting a motion sponsored by Rep Aniekan Umanah, the House said Nigerians were already passing through difficult times and therefore, more burden should not be added to them. Presenting the motion before the House, Umanah said NERC, working with distribution companies, has increased electricity tariffs five times since 2015, the latest being on January 1, 2021. According to him, despite those increases, Nigerians have not…
State governors again on Thursday requested that the repayment of their loans, especially the budget support, which ought to start this month be deferred. But the Governor of the Central Bank of Nigeria, Godwin Emefiele, emphasised the importance of the timely repayment of loans, especially those owed to commercial banks. This was one of the highlights of the National Economic Council meeting presided over by Vice-President Yemi Osinbajo. The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, disclosed this in a statement. The statement was titled, ‘NEC receives Sovereign Investment reports showing significant income, net…
Ondo State Governor, Oluwarotimi Akeredolu, has lambasted the Attorney General of the Federation and Minister of Justice, Abubakar Malami over comments on the resolution of the Southern Governors Forum to ban open grazing in their respective States. Malami was quoted to have said that the ban on open grazing was akin to banning all spare parts dealers in the Northern parts of the country and therefore unconstitutional. Governor Akeredolu in a statement he personally signed and issued in Akure said it was ‘most unfortunate that the AGF is unable to distill issues as expected of a Senior Advocate.’ The Ondo…
Attorney-General of the federation and Minister of Justice, Abubakar Malami has come under fire for saying the resolve to ban open grazing by southern governors is equivalent to prohibiting spare parts trading in the north. Yemiefash online had reported last week that 17 southern governors resolved to ban open grazing and the movement of cattle by foot, after a meeting in Asaba, Delta state. But Malami during an interview on Channels Television’s Politics Today Programme on Wednesday faulted the decision of the southern governors, saying it does not align with the provisions of the constitution. The Attorney-General said the decision “does not…
After China introduced new crypto-currency restrictions, the price of Bitcoin fell below $40,000 (£28,210) for the first time in three months. Financial institutions and payment firms were barred from offering services related to cryptocurrency transactions by Beijing on Tuesday. It also cautioned investors against engaging in risky cryptocurrency trading. It follows a 10% drop in Bitcoin last week after carmaker Tesla said it would no longer accept the currency. The crypto-currency was down 13% on Monday, while other digital coins like Etheruem and Dogecoin were down up to 18%. To combat money laundering, China has made cryptocurrency trading illegal since…
At least two persons were killed when gas exploded within the Olusegun Obasanjo Presidential Library (OOPL) in Abeokuta, Ogun State, on Thursday morning. It was gathered that the explosion occurred around 11:am at the Marcque event centre within the Presidential Library. Reports made it known that technicians were topping up gas into an air conditioner before it exploded. A worker at OOPL who spoke to newsmen in animosity said two people have been confirmed dead following the incident. “The two gates leading into OOPL were shut while the security guards at the gate are currently turning visitors back,” the worker…
Cross River State Governor, Professor Ben Ayade, on Thursday dumped the Peoples Progressive Party (PDP) to joined the All Progressives Congress, APC. This was amidst speculations since last year before seven governors from the party (APC) stormed Cross River on Wednesday. Details shortly…
Boko Haram leader Abubakar Shekau is dead, HumAngle has been able to gather from multiple sources. This incident took place on Wednesday evening following the invasion of the terror group’s stronghold in the Sambisa forest area by a column of Islamic State West Africa Province (ISWAP) fighters. ISWAP, which had broken away from the Shekau-led Boko Haram faction in 2016 after pledging allegiance to the Islamic State (ISIS), raided the group’s hideout using multiple gun trucks. Shekau’s enclave was tracked down by ISWAP using its forces based in the Timbuktu Triangle. His fighters were killed in the process, followed by…
The Senate has moved to prohibit the payment and receiving of ransom for the release of any kidnapped, imprisoned or wrongfully confined victim in the country. This followed the consideration and second reading of a Bill by the upper chamber, titled: “Terrorism prevention (amendment) Bill, 2021,” and sponsored by Senator Ezenwa Francis Onyewuchi. Onyewuchi, in his lead debate, said the bill seeks to amend the Terrorism (Prevention) Act, 2013 to outlaw the payment of ransom to abductors, kidnappers and terrorists for the release of any person, who has been wrongfully confined, imprisoned or kidnapped. According to Onyewuchi, the bill essentially…