British security special force has detained a group of seven Nigerian stowaways who were discovered hidden aboard an oil tanker as it headed into Southampton, South East England. The seven stowaways, who were initially suspected to be hijackers were found aboard the Libyan-registered oil tanker near the Isle of Wight. This triggered security concerns,...
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By Oludare Mayowa Governors of the six states in the country Western geography zone have said that the attacks on Lagos last week were planned and targeted at weakening the economy of South-West states. The governors who came on a visit to the Lagos State Governor, Babajide Sanwo-Olu aftermath the destruction visited on the...
Read MoreHundreds of hoodlums, on Sunday, invaded the Idu Industrial Layout in Abuja, raiding several warehouses, according to a Punch reporter who witnessed the incident. The Newspaper reported that the thugs made away with bags of rice, cartons of tin tomatoes, cereals, milk, bails of Ankara materials, and other items. It was observed that despite...
Read MoreBy Oludare Mayowa As calmness gradually returned to some parts of Nigeria after the wanton destruction visited on both public and private property and businesses by hoodlums, government and individuals are counting their losses and assessing what it will take to bring back what have been destroyed. In Lagos, the state Governor Babajide Sanwo-Olu...
Read MoreBy Samuel Bankole Former Lagos State Governor and chieftain of the ruling All Progressive Congress (APC), Bola Tinubu has debunked reports that he fled the country in the wake of the wanton destruction by hoodlums following the shooting of peaceful #endsars protesters at Lekki Toll Plaza on Tuesday. Tinubu who was on a visit...
Read MoreBy Samuel Bankole Global trade in services in the second quarter of 2020 plunged by a record 30 percent year-on-year, with the travel sector particularly hard hit by COVID-19 and associated restrictions, the World Trade Organisation (WTO) has said. In a report published on Friday, the WTO said the declines in services trade were...
Read MoreBy Oludare Mayowa President Mohammadu Buhari has said that no Nigerian Government in the past has methodically and seriously approached poverty-alleviation like his administration has done and expressed his government’s commitment to preserving the unity of this country. In a nationwide broadcast, Buhari blamed the spreading of deliberate falsehood and misinformation through the social...
Read MoreBy Samuel Bankole The International Monetary Fund (IMF) has projected that Sub-Saharan Africa could face a financial gap in the order of $290 billion in the next three years. The IMF said a higher financing gap could force countries to adopt a more abrupt fiscal adjustment, which in turn would result in a weaker...
Read MoreBy GFDNews Correpondent The International Air Transport Association (IATA) has predicted a bleak future for the aviation industry in Africa as it claimed that four airlines across the continent have ceased operations, two are in voluntary administration while many are in serious financial distress. According to a report by the IATA, “Without urgent financial...
Read MoreBy Oludare Mayowa Nigeria sold a total of N50 billion worth in domestic bond at an auction on Wednesday as yields on the soverign debt instrument continue to decline compared with the rate the paper was issued at the previous auction. Yields on the paper were down more than 300 percentage points on the...
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