A shallow recession is on the way, strategists warn
A shallow recession in the U.S. is a “virtual certainty” in the third quarter, according to Destination Wealth Management’s Michael Yoshikami, as the Federal Reserve launches a historic attack on inflation. The Fed on Wednesday announced a 75 basis point hike to interest rates, its largest since 1994. Chairman Jerome
Zamfara pensioners lament delay in payment of gratuities by state govt
Pensioners in Zamfara State have lamented the state government’s refusal to settle their accumulated gratuities for many years. The State Chairman of the Nigeria Union of Pensioners (NUP), Hassan Mohammed in the state said some pensioners who retired over seven years ago have not been paid their gratuity entitlements, pointing
Hoodlums storm Uniosun teaching hospital to retrieve colleague’s corpse
Some hoodlums on Wednesday invaded the Osun state University Teaching Hospital in Osogbo to retrieve the body of a colleague that died in the hospital. The hoodlums had on Tuesday afternoon engaged in a fight at Asoje area of the state capital leading security operatives to storm the area
Shareholders of Dangote Cement okay N20 dividend payout
Shareholders of Dangote Cement Plc yesterday, unanimously approved a dividend of N20 per share to every investor of the company for the 2021 financial year. The amount paid is a 25 per cent increase from N16 declared in the corresponding period in 2020. Speaking at the 13th yearly general meeting
Diesel price may hit N1,500/litre, 75% filling stations closed – Marketers
About 75 per cent of filling stations across the country are currently out of business due to their inability to purchase diesel required to power their tankers and transport Premium Motor Spirit, popularly called petrol, to their various outlets, oil marketers stated on Tuesday. Marketers also stated that the cost
Floyd Mayweather announces exhibition fight with MMA star Mikuru Asakura
American boxer, Floyd Mayweather has announced he will face MMA star Mikuru Asakura of Japan in his next exhibition fight in September. ‘I got to where I got to by working extremely hard,’ Mayweather said. ‘I’m always focused. I’m always pushing to be the best. ‘It’s still
Mexico issues 7,000 temporary documents to migrants in south
HUIXTLA, Mexico — Mexico’s migration agency has issued nearly 7,000 temporary documents and transit visas over the last few days to members of a migrant caravan which by Saturday had broken up in southern Mexico. Hundreds of people were heading north in buses while others were spread out over various
First private university in Borno gets Vice Chancellor
The newly-established private university in Borno, Al-Ansar University, Maiduguri, has appointed Prof. Abubakar Kundiri as its pioneer Vice Chancellor. A statement on Saturday in Maiduguri by the institution’s Registrar, Mallam Bukar Usman, said the appointment is with immediate effect. “In accordance with the First Schedule Section 3 (4) of
Buratai offers measures capable of addressing insecurity in Nigeria
Nigerian Ambassador to Benin Republic and former Chief of Army Staff ,Lt.Gen. Tukur Yusuf Buratai (rtd) has suggested the adoption of compressive and integrated approach to enable the entire society play key roles in tackling the nation ’s security challenges. He spoke in Kaduna on Saturday at a one-day
Tiger Woods joins LeBron, Jordan on Forbes athletes’ billionaire list
Tiger Woods, a 15-time major golf champion, has joined NBA icons Michael Jordan and LeBron James as athletes with a net worth of $1 billion, Forbes magazine reported Friday. Woods, making a comeback at age 46 from severe leg injuries suffered in a February 2021 car crash, has made about