Sharp, Long-lasting Slowdown to Hit Developing Countries Hard, World Bank reports.
WASHINGTON, Jan. 10, 2023 Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report. Given fragile economic conditions, any new adverse development—such as higher-than-expected inflation, abrupt rises in interest rates to contain it, …
STOP PRESS! UK Historical Space Rocket Is A Woeful Failure
Virgin Orbit’s modified Boeing 747 jet — dubbed “Cosmic Girl” — took off Monday from Newquay in England’s Cornwall county, 245 miles west of London, in a first launch for the country from UK soil. But nearly two hours after the plane left the ground, Virgin Orbit revealed the launch was a failure. Richard Branson’s Virgin …
Nigeria’s external reserves fell by $3.43bn in 2022
Nigeria’s external reserves fell by $3.43bn in 2022, according to figures obtained from the Central Bank of Nigeria. The CBN disclosed in its movement on external reserves figures that the reserves which stood at $40.52bn as of the end of December 31, 2021, ended December 29, 2022 at $37.09bn. At the last Monetary Policy Committee …
Missing UK-based Nigerian found dead after four weeks
A United Kingdom-based Nigerian, Taiwo Balogun, 53, who went missing on Thursday, December 1, 2022, has been found dead in a lake in Kent. Balogun from Crayford was last seen near her home in southeast London four weeks ago. Her body was found in a lake at Bluewater shopping centre in hunt for “vulnerable” missing …
National Assembly budgets N850m for failed constitution amendment
The National Assembly has again allocated N850m for Constitution Amendment in the 2023 Budget. The National Assembly had recently raised the 2023 Budget by N1.3tn from the N20.5tn proposed by the President, Major General Muhammadu Buhari (retd.), in October 2022. The constitution amendment process has faced several delays at the parliament and the Speaker of …
2023: No Law Governs the Appointment of DG of Campaign in Nigeria- Ajulo
.…Says it’s an appointment based on trust and competence. A renowned constitutional lawyer and former National Secretary of the Labour Party, Dr. Kayode Ajulo, has said that no law in the constitution of the Federal Republic of Nigeria give directive on how to appoint the Director-General of a political campaign. The lawyer made this …
CBN Bows To Pressures, Reviews Cash Withdrawal Limits
Following pressure from Nigerians, the Central Bank of Nigeria (CBN) has reviewed cash withdrawal limits it issued earlier. A circular issued by Haruna Mustafa, Director of Banking Supervision says the CBN has consequently makes the following reviews: The maximum cash weekly limit for cash withdrawal across all channels by individuals is now N500, 000 while …
Oyo Football Fiesta To Feature many ex-Internationals at Olivet School sportsground on Thursday-GASSUWARN LEGENDS
Retired footballers and ex-Nigeria internationals who once plied their trades in Oyo town under Gaskiya FC, Atiba FC, Sharp Shooters FC, Unity FC, Water Oyo FC, Adeyemi FC, Ajisafe FC, Ramblers FC and NEPA Oyo FC have announced plans to stage a football fiesta aimed at reuniting the retired footballers, home and diaspora. The One …
Nigerians in Diaspora can now travel home with their foreign passports as FG launches a new visa policy.
The Federal Government has commenced the implementation of this New Visa Policy *(NVP), according to the Minister of Interior, Engr. Rauf Aregbesola. Aregbesola tweeted on Friday that with the new policy, *Nigerians with dual citizenship,* _would no longer require visas to visit Nigeria_ if they decided to travel home with their foreign passports. “The …
Hushpuppi gets New Jersey home to spend jail terms
Convicted international fraudster, Ramon Abbas, alias Hushpuppi, will be spending the next few years of his life in confinement at a new ‘home’ in New Jersey in the United States. While sentencing the self-confessed fraudster to 11 years in jail on 7 November, the US district court for the Central District of California recommended …
England Squad for World Cup announced. See Raheem Sterlin’s fate
The players in England’s World Cup 2022 football squad have been selected by England Manager Gareth Southgate. In an announcement on Thursday, Southgate revealed that the 26-man national roster would be comprised of: Goalkeepers – Jordan Pickford, Nick Pope and Aaron Ramsdale Defenders – Trent Alexander-Arnold, Conor Coady, Eric Dier, Harry Maguire, Luke Shaw, John Stones, Kieran …
World Cup 2022 match Fixtures: Top 32 matches and kick-off times
Top 32 matches and kick-off times (UK Time) one hour plus in Nigeria November 20 Group A – Qatar v Ecuador (7pm) November 21 Group B – England v Iran (1pm) Group A – Senegal v Netherlands (4pm) Group B – Wales v USA (7pm) November 22 Group C – Argentina v Saudi Arabia (10am) Group D – Denmark v Tunisia (1pm) Group C – Mexico …
Wale Ojo-Lanre Drags Peter Obi, LP, Mother, FG, AGF To Court For Rights Violation
Former chairman of the Oyo State Council of the Nigerian Union of Journalists, NUJ, Ambassador Wale Ojo-Lanre, has dragged the Labour Party, LP, its presidential candidate, Peter Obi, the Federal Government, the Attorney-General of the federation, AGF, and the mother of Chioma Success, Ms Queen, before a Lagos High Court, sitting in Ikeja, Lagos, for …
Hushpuppi finally handed 11 years sentence in US
A United States Central District Court in California has sentenced alleged Nigerian cyber fraudster, Ramon Abbas popularly known as Hushpuppi to 11 years imprisonment for cyber fraud. Hushpuppi, who had already spent two years in prison, is now expected to spend nine more years behind bars in the US. The controversial social media celebrity was …
Released victim of Lagos-Ibadan expressway abduction, Aminat Taiwo narrates ordeal with kidnappers
One of the released victims of the Lagos-Ibadan Expressway abduction, Aminat Taiwo, has narrated how her father paid N3.2m to her kidnappers before she was released alongside her friend, Tobi Orekoya. Aminat, on Monday, October 31, 2022, said her father took the ransom to the kidnappers deep in the forest, where they were held. …
