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Daily Archives: August 14, 2018

4th Annual TEF Entrepreneurship Forum announced for 25th October 

The Tony Elumelu Foundation (TEF) has announced October 25, 2018 as the date for its 4thannual TEF Entrepreneurship Forum.   The largest gathering of African entrepreneurs and the broader entrepreneurship ecosystem will unite over 5,000 entrepreneurs, global investors, leaders from the African public and private sectors and developmental organisations at the Federal Palace Hotel, Lagos.  The event is a unique ... Read More »

Nigeria loses N6.6 trillion annually to inadequate breastfeeding – UNICEF

UNICEF says when the cost of low cognitive development and low intelligence quotient (IQ), as well as health cost are added, inadequate breastfeeding is estimated to cost the Nigerian economy US$21 billion (N6.6 Trillion) per year, or 4.1 per cent of its gross national income. Philomena Irene, UNICEF nutrition specialist, stated this on Tuesday in Kano during a workshop. According ... Read More »

‘I will strive to become Africa’s best’

Fadekemi Olude, a 20km race-walk national record holder, on Tuesday says she will strive to become the best in Africa. Olude, who was reacting to her fourth place rank in Africa after the 21st Confederation of African Athletics (CAA) Championships in Asaba, said that featuring in competitions kept improving her performance. The Ogun indigene also told the News Agency of ... Read More »

Survey reveals rise in business confidence in August

A survey has revealed that at 58.7 index points, the business outlook for August 2018, showed more confidence in the Nigerian economy. The Central Bank of Nigeria (CBN) revealed this in its July 2018 Business Expectations Survey (BES), posted on its website. The respondent firms were made up of small, medium and large organisations covering both import- and export-oriented businesses. ... Read More »

The World Bank, IMF warning against excessive borrowing

Notwithstanding the fact that Nigeria’s current Debt-to-GDP ratio is sitting comfortably within the acceptable international threshold, the Federal Government should heed the repeated advice of global financial institutions to cut down excessive borrowing and put more energy into private investment in the economy. For the umpteenth time in recent years, the World Bank Group and the International Monetary Fund (IMF) ... Read More »

Court dismisses murder charge filed against Lagos State PDP Chairman

An Ikeja High Court has dismissed the murder charge filed against Mr Moshood Salvador, the Chairman of the Lagos State Chapter of the PDP. Salvador was remanded in the Kirikiri Prisons following his arraignment at a Yaba Chief Magistrates’ Court alongside 10 others on a two-count charge of conspiracy and unlawful killing on July 25. During Tuesday’s proceedings, the vacation ... Read More »

Taliban militants overrun Afghan army base, leaving dozens of soldiers dead

Dozens of Afghan soldiers were killed in fighting with Taliban militants after their base was surrounded in Afghanistan’s northern Faryab province, local officials said on Tuesday. Sebghatullah Sailab, a provincial council member, said initial reports indicated that at least 50 soldiers were killed and numerous others wounded at the base within the past three days. He said the remaining soldiers ... Read More »

Former Brazil striker Ronaldo leaves Ibiza clinic

Retired Brazilian striker Ronaldo left a clinic in Ibiza on Tuesday following a four-night stay for treatment for a flu infection. “He left this morning at 10:30am, not wanting to depart from the side where the press were waiting,” said a spokesman for the clinic in the centre of Ibiza. A spokesman for the former player confirmed his departure in ... Read More »

1,500 deaths recorded in 2017 from explosives – ICRC

The International Committee of the Red Cross (ICRC), on Tuesday said no fewer than 1,500 deaths were recorded in 2017 from explosives, while 66 per cent of the deaths were civilians. Myriam El Kholi, Deputy Head of Delegation, ICRC Nigeria, made the disclosure at the Surgical Skills for Casualties of Armed Violence, Weapon Wounded Surgery Course in Abuja. El Kholi ... Read More »

Contempt: INEC Chairman, Yakubu must be arrested, court insists

The Federal High Court, Abuja, on Tuesday insisted that the Inspector-General of Police must arrest and produce the Chairman, Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, in court on Aug. 16. Justice Stephen Pam gave the order following the absence of Yakubu’s team of lawyers in court and there was no explanation as to why they were absent. “At ... Read More »