Are Obasanjo, Yar’Adua, Jonathan, Buhari Are Accidental Leaders?

[Vanguard] Former Speaker of the House of Representatives, Ghali Umar Na’Abba, has taken a swipe at all the leaders that had governed Nigeria since May 1999 and the current government, describing them as accidental leaders.

[Vanguard] Former Speaker of the House of Representatives, Ghali Umar Na'Abba, has taken a swipe at all the leaders that had governed Nigeria since May 1999 and the current government, describing them as accidental leaders.

source: AllAfrica News: Nigeria

Holistic Approach Key to Economic Revival

[The Herald] We have seen and heard enough to comment, predict and even advise on how to avert an economic crisis. From the great depression of 1929 to the Asian financial crisis of 1997 and recently, the global financial crisis of 2008, the trend is a…

[The Herald] We have seen and heard enough to comment, predict and even advise on how to avert an economic crisis. From the great depression of 1929 to the Asian financial crisis of 1997 and recently, the global financial crisis of 2008, the trend is almost the same. An economic crisis usually starts with some trigger event(s), followed by market reaction, which degenerates into the real crisis. Even the Zimbabwe financial crisis of 2008 followed the same sequence. Trigger events are normally some market disruptive for

source: AllAfrica News: Zimbabwe

New Tuberculosis Drugs Are More Effective and May Be Less Toxic. Why Are They Still Unavailable?

[Daily Maverick] The start of 2017 saw concern over a sharp increase in the rise of drug- resistant TB in South Africa. TB is killing millions each year. Last week, Médecins Sans Frontières published promising early data on the use of two new TB drugs, delamanid and bedaquiline, among patients living with drug-resistant TB in Khayelitsha, Cape Town. But availability remains the biggest concern.

[Daily Maverick] The start of 2017 saw concern over a sharp increase in the rise of drug- resistant TB in South Africa. TB is killing millions each year. Last week, Médecins Sans Frontières published promising early data on the use of two new TB drugs, delamanid and bedaquiline, among patients living with drug-resistant TB in Khayelitsha, Cape Town. But availability remains the biggest concern.

source: AllAfrica News: South Africa

Global Growth – No Room for Complacency, Says IMF

[Vanguard] The IMF’s steering committee warned that global growth is at risk of faltering in coming years amid uncomfortably weak inflation and rising geopolitical tensions.

[Vanguard] The IMF's steering committee warned that global growth is at risk of faltering in coming years amid uncomfortably weak inflation and rising geopolitical tensions.

source: AllAfrica News: Nigeria

Ogoni Clean-Up – Rivers Community Sues Kachikwu, Baru, Shell Over Exclusion

[Vanguard] Abuja -Elders of Bolo communities in Ogu/Bolo Local Government Area of Rivers State, have dragged the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu; Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Dr. …

[Vanguard] Abuja -Elders of Bolo communities in Ogu/Bolo Local Government Area of Rivers State, have dragged the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu; Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, and Shell Petroleum Development Company of Nigeria Ltd., before a Federal High Court in Abuja, alleging fraud in the ongoing Ogoni oil spill clean-up.

source: AllAfrica News: Nigeria

We’ll Not Borrow Recklessly, Nor Bequeath Unserviceable Debts to Nigerians – Adeosun

[Vanguard] The 2017 annual meeting of the International Monetary Fund (IMF) and the World Bank, in Washington, United States of America was concluded yesterday with a charge on nations to focus more on investment in human capital, curb public debt and …

[Vanguard] The 2017 annual meeting of the International Monetary Fund (IMF) and the World Bank, in Washington, United States of America was concluded yesterday with a charge on nations to focus more on investment in human capital, curb public debt and strengthen banking regulation in order to strengthen the improvement in global economic growth.

source: AllAfrica News: Nigeria

$5.5 Bn Loan Request – PDP, APC At War As Govt Explains Borrowings

[Vanguard] The All Progressives, Congress, APC, and the opposition Peoples Democratic Party, PDP, were, yesterday, locked in a verbal combat over the propriety of the Federal Government’s borrowing plan. The face-off follows the administration’s reques…

[Vanguard] The All Progressives, Congress, APC, and the opposition Peoples Democratic Party, PDP, were, yesterday, locked in a verbal combat over the propriety of the Federal Government's borrowing plan. The face-off follows the administration's request for legislative approval for its $5.5 billion loan to finance the 2017 budget.

source: AllAfrica News: Nigeria

Bad Loans in 14 Banks Hit N177 Billion in 6 Months

[Vanguard] The economic recoveries witnessed in the first half of 2017 did not shield the banking sector from some adversities in the form of rising bad loans. Industry stakeholders have said that the impact is still being felt negatively as banks’ cus…

[Vanguard] The economic recoveries witnessed in the first half of 2017 did not shield the banking sector from some adversities in the form of rising bad loans. Industry stakeholders have said that the impact is still being felt negatively as banks' customers were not able to meet their financial obligations on loan repayment, resulting to 14 banks booking N177.3 billion impairment losses for the period.

source: AllAfrica News: Nigeria

Soccer – Mushekwi Basks in Glory

[The Herald] ZIMBABWE international striker Nyasha Mushekwi yesterday touched the heavens when he helped his club Dalian Yifang to seal their place into the Chinese Super League after winning 2-1 at home against Dalian Transcendence. The Blue Hawks, as…

[The Herald] ZIMBABWE international striker Nyasha Mushekwi yesterday touched the heavens when he helped his club Dalian Yifang to seal their place into the Chinese Super League after winning 2-1 at home against Dalian Transcendence. The Blue Hawks, as the Chinese League One team is affectionately known, have been promoted with two games to spare. Mushekwi, a former CAPS United forward who has been steering the team to glory with his goals during this campaign, is set to realise his dream of rubbing shoulders with some

source: AllAfrica News: Zimbabwe

Why We’re Borrowing More – Finance Minister

[Vanguard] Washington DC -Amid rising public concerns over Nigeria’s increasing debt profile, the Federal Government has indicated that increasing borrowings along with tax measures remained the only options to drive the economy out of recession and su…

[Vanguard] Washington DC -Amid rising public concerns over Nigeria's increasing debt profile, the Federal Government has indicated that increasing borrowings along with tax measures remained the only options to drive the economy out of recession and sustain growth for now.

source: AllAfrica News: Nigeria