Connect with us

Headline

Banks To Rehabilitate National Arts Theatre With $200m

Published

on

The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Saturday, said the Bankers’ Committee has raised the amount it planned to spend to rehabilitate the National Arts Theatre from $100m to $200m.

He also assured that the CBN wiould not stop but continue to support the economy with foreign exchange intervention after 2022.

Advertisement

Emefiele disclosed this during a press conference at the end the of the two-day bankers retreat in Lagos.

Speaking on the National Arts Theatre funding, he said, “I must confess that when we started this project, we contemplated it would cost $100m to complete. But unfortunately, where we are on the dimensions, the scope of the project yesterday, we found out that it is almost going to last up to $200m.”

To boost the volume of export repatriation, he said there was need to support the exporters who needed the facility to be able to process their goods that could qualify for exports abroad.

Advertisement

To ensure this support, he added that the banks would be made to grant at least N500bn yearly to export oriented companies.

READ ALSO: Leadership Should Not Be Strong Today, Weak, Confused Tomorrow – Pastor Kumuyi

According to him, the banking sector realised that the interventions introduced to support the economy was realising result.

Advertisement

He said, “Realising the progress that had been made so far, the CBN will continue to support the market with foreign exchange as hard as it may be; while the banks will continue to ramp up their own source of non-oil export to earn FX through repatriation which they can use to fund the needs of their customers.”

 

Advertisement

Headline

India Issues Health Alert After Spike In ‘brain-eating’ Amoeba Deaths

Published

on

India has issued a health alert after infections and deaths caused by a rare water-borne “brain-eating” amoeba doubled compared to last year in the southern state of Kerala.

Numbers are still tiny but Altaf Ali, a doctor who is part of a government task force to arrest the spread, told AFP that officials were “conducting tests on a large scale across the state to detect and treat cases”.

Advertisement

Officials reported 19 deaths and 72 infections of the Naegleria fowleri amoeba this year, including nine deaths and 24 cases in September alone.

READ ALSO:India Test-fires Ballistic Missile, Capable Of Reaching All Of China

Last year, the amoeba killed nine people out of 36 reported cases.

Advertisement

The US Centres for Disease Control and Prevention says it is often called a “brain-eating amoeba” because it can “infect the brain and destroy brain tissue”.

If the amoeba reaches the brain, it can cause an infection that kills over 95 per cent of those affected.

Infections are “very rare but nearly always fatal”, the CDC notes.

Advertisement

READ ALSO:Indian Man Gets Death Sentence For Burning Wife Alive Over Skin Colour

The amoeba lives in warm lakes and rivers and is contracted by contaminated water entering the nose. It does not spread from person to person.

The World Health Organisation says that symptoms include headache, fever and vomiting, which rapidly progresses to “seizures, altered mental status, hallucinations, and coma”.

Advertisement

“It’s worrying that new cases this year have emerged from across the state, as opposed to specific pockets in the past,” Ali said.

Since 1962, nearly 500 cases have been reported worldwide, mostly in the United States, India, Pakistan, and Australia.

AFP

Advertisement

Continue Reading

Headline

Gunmen On Motorbikes Kill 22 At Baptism Ceremony In Niger

Published

on

Gunmen on motorbikes shot dead 22 villagers in western Niger, most attending a baptism ceremony, local media and other sources said Tuesday.

The shootings happened on Monday in the Tillaberi region, near Burkina Faso and Mali, where jihadist groups linked to Al-Qaeda and the Islamic State group (IS) are active.

Advertisement

A resident of the area told AFP that 15 people were killed first at a baptism ceremony in Takoubatt village.

The attackers then went to the outskirts of Takoubatt where they killed seven other people,” said the resident, who requested anonymity for security reasons.

READ ALSO:Two Nigerians Face Jail Terms In Liberia’s Piracy Trial

Advertisement

Local media outlet Elmaestro TV reported a “gruesome death toll of 22 innocent people cowardly killed without reason or justification”.

“Once again, the Tillaberi region has been struck by barbarism, plunging innocent families into mourning and despair,” Nigerien human rights campaigner Maikoul Zodi said on social media.

Niger’s military leaders, who came to power two years ago in a coup, have struggled to contain jihadist groups in Tillaberi, despite maintaining a large army presence there.

Advertisement

Around 20 soldiers were killed in the region last week.

READ ALSO:Nigerian Jailed In US Over $6m Inheritance Fraud

Human Rights Watch has urged Niger authorities to “do more to protect” civilians against deadly attacks.

Advertisement

The rights monitoring group estimates that the Islamic State group has “summarily executed” more than 127 villagers and Muslim worshippers in Tillaberi in five attacks since March.

Meanwhile, the NGO ACLED, which tracks conflict victims worldwide, says around 1,800 people have been killed in attacks in Niger since October 2024 — three-quarters of them in Tillaberi.

Niger and its neighbours, Burkina Faso and Mali, also ruled by military coup leaders who claim to pursue a sovereignist policy, have expelled the French and American armies that were fighting alongside them against jihadism.

Advertisement

AFP

Advertisement
Continue Reading

Headline

Serbia Indicts Ex-minister, 12 Others Over Train Station Tragedy

Published

on

Serbian prosecutors filed an updated indictment on Tuesday against 13 people, including a former minister, over a fatal railway station roof collapse that has triggered a wave of anti-government protests.

The prosecution said all those indicted, among them former construction minister Goran Vesic, face charges of “serious crimes against public safety” over the tragedy that killed 16 people last November.

Advertisement

“The indictment proposes that the Higher Court in Novi Sad order custody for all the defendants,” the prosecutor’s office said in a statement.

The roof collapse at the newly renovated station in Serbia’s second-largest city, Novi Sad, became a symbol of entrenched corruption and sparked almost daily protests.

READ ALSO:FG Panel Indicts AFN In Ofili’s Paris Olympics Omission

Advertisement

Protesters first demanded a transparent investigation, but their calls soon escalated into demands for early elections.

The Higher Public Prosecutor’s Office in Novi Sad initially filed an indictment at the end of December, but judges returned it in April, requesting more information.

The accused were released or placed under house arrest following the decision.

Advertisement

The prosecutor’s office said it had complied with the judge’s request and had now completed the supplementary investigation.

READ ALSO:NDLEA Arrests Indian Businessman, 3 Others Over Alleged Trafficking Of N3.9bn Tramadol

The prosecutor specialising in organised crime and corruption in Belgrade is leading a separate, independent investigation into the tragedy.

Advertisement

That investigation is focused on 13 people, including Vesic and another former minister, Tomislav Momirovic, who headed the Construction Ministry before him.

In March, the European Public Prosecutor’s Office (EPPO) launched a third, separate investigation into the possible misuse of EU funds for the station’s reconstruction.

AFP

Advertisement

Continue Reading

Trending