Nigerians are less worried about COVID-19 pandemic which has killed over 1, 300 people in the last nine months. A Survey by Infotrak Research and Consulting, which revealed this, added that they are more worried about insecurity, unemployment, poverty, corruption and high cost of living. According to Infotrak, the survey was conducted between December 27 and December 29, 2020, while 26 states across the six geopolitical zones were covered. The poll shows that only seven per cent of respondents expressed worry over COVD-19 than other issues ahead of them…
Read MoreDay: January 5, 2021
Nigeria Slams Fresh Electricity Tariff hike on Consumers
Here is why DisCos Customers should expect hike in January bill, two months after the last tariff increase implementation Electricity consumers in Nigeria are to pay as much N4 per kilowatt hour (/KwH) more for the January bill as the Nigerian Electricity Regulatory Commission, NERC, has approved a minor hike in electricity tariff payable by customers of the 11 Distribution Companies, (DisCos) in the country. This is coming just two months after the Commission finally implemented a much opposed hike in November 2020. According to a revised Multi Year…
Read MoreMy Bank, My Wife and The New Social Order
My Bank, My Wife and The New Social Order by The Duke of Shomolu Let me first out myself. I am a former Employee of FCMB. I worked there for a bit in the securities trading arm, CSL. CSL is a legendary institution that continues to be the corner piece of the Nigerian Capital Market. I was the Head of Local Business. One thing that attracted me to the firm was its legacy. Its founder, Chief Subomi Balogun, was a hero of sorts to young Stockbrokers like myself. He…
Read MoreLagos fixes new date for Primary, Secondary Schools’ resumption
The Government of Lagos State, Nigeria’s commercial capital, has approved January 18, 2021 for resumption of academic activities in public and private schools. This was disclosed by the Commissioner for Education, Folasade Adefisayo, in a statement on Monday by the Ministry’s Head of Public Affairs, Kayode Abayomi. Adefisayo said the new date was fixed based on the position of the Federal Government following the increase in the cases of Coronavirus Disease in the country and the new strains found in some countries. She said schools hoping to resume are…
Read MoreNigeria’s COVID-19 daily infection cases hit 1,204, highest since outbreak
Nigeria has recorded its highest single-day Coronavirus Disease infection with 1,204 new cases on Monday. The country has never recorded this figure since outbreak of the dreaded infection in the Africa’s most populous nation in March, 2020. The Nigeria Centre for Disease Control made the revelation on its Twitter handle on Monday. Before now, the highest single-day infection was 1,145 recorded on December 17, 2020. The second highest single-day infection before that of Monday was the December 23, 2020 figure of 1,133. The epicentre of the pandemic in Nigeria,…
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