Access Bank Cuts Salaries Of Staffs As Coronavirus Slows Economy

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May 1, 2020

Access Bank Cuts Salaries Of Staffs As Coronavirus Slows Economy

Access Bank Plc workers, one of Nigeria’s largest commercial banks, will be taking a pay reduction while the coronavirus hinders the country’s economic development.

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Access which presently has a workforce of about 30, 000 after it took over rival Diamond Bank in April last year had assured staff that it would not cut workforce.

“The pay cut will ensure that there are no job losses,” a senior official of the bank who asked to be anonymous told newsmen.

Several top companies in Nigeria and globally are either sacking, furloughing staff or slashing salaries to keep costs down as the coronavirus pandemic disrupts global trade and commerce.

Herbert Wigwe, the bank’s CEO in a podcast to staff seen by newsmen, said the adjustments are needed at this time and that he would take a pay cut of about 40%.

The pay cut is expected to begin with May salaries if economic conditions remain the same, the official added.

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Nigeria Promises $3.4 Billion For Prudent Use Of IMF Loan

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Richard Boniface

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April 30, 2020

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Nigeria Promises $3.4 Billion For Prudent Use Of IMF Loan

The Federal Government is promising it will allow “judicious use” of the newly accepted $3.4 billion loan offer from the International Monetary Fund.

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Finance, Budget and National Planning Minister Zainab Ahmed reported this on Twitter Thursday.

The minister on Thursday assured that every kobo from the facility would be accounted for while commending the support of the global financial institution.

She noted that the facility would provide financing to Nigeria’s budget, especially on health response in the ongoing fight against coronavirus.

She said, “We appreciate the IMF for its timely response meant to assist us to mitigate the impact of the COVID-19 pandemic on our human population. Nigeria will certainly make judicious use and prudent management of the facility.

“These are trying times and every line item must count from this IMF facility. We will also continue to welcome and commend the Fund for its strong, and forward-looking commitment to support developing countries’ efforts to restart their economies.

“The IMF financial support will help limit the decline in international reserves and provide financing to the budget for targeted and temporary spending increases aimed at containing and mitigating the economic impact of the pandemic and of the sharp fall in international oil prices.

“The short-term focus on fiscal accommodation would allow for higher health spending and help alleviate the impact of the crisis on households and businesses.”

According to the Nigeria Centre for Disease Control on Wednesday night, the country has recorded 1728 COVID-19 infections with over 50 fatalities in almost all its 36 states and the Federal Capital Territory Abuja.

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A Man Found Dead With His Pregnant Wife And Three Daughters

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Richard Boniface

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April 30, 2020

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A Man Found Dead With His Pregnant Wife And Three Daughters

The Enugu State Police Command has started investigating the death of five members of a family on the borders of Enugu metropolis in Enugu state.

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The sixth member of the family, a boy, was however found in coma and had been rushed to a hospital

The command’s Public Relations Officer, ASP Daniel Ndukwe, said this in a statement made available to newsmen on Thursday in Enugu.

Ndukwe said that the incident took place at City Estate Layout, Amokpo-Nike near Enugu on Wednesday, April 29, in the morning.

“The command’s knowledge of the unfortunate development followed a complaint received on April 29 at about 2.00 p.m. at Unity Police Station of a sudden and unnatural death of a family of six at City Estate Layout, Amokpo-Nike, Enugu.

“The operatives of the station, led by its Divisional Police Officer, SP Siga Malgwi, immediately moved to the location where they saw them lying lifeless in a room.

“The building was cordoned off, while Enugu East Local Government Health Authorities were contacted for examination and evacuation of the bodies.

“However, in the course of disinfecting the building before the evacuation, the only son of the family, Arinze Onyekwe, was found to be in coma.

“Arinze was immediately rushed to the hospital where he is said to be recovering,” he said.

According to him, corpses of five members of the family have been evacuated to the hospital for autopsy.

“Other members of the family whose bodies have been evacuated to the hospital for medical autopsy included: Dominic Onyekwe, husband; Chinaza Onyekwe, wife, who is suspected to be pregnant; Chioma, Oluebube and Blessing their daughters,” he said.

The police spokesman said that the commissioner of police had ordered investigation to ascertain the cause of their death.

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AUDIO: Oladips ft. Buhari – 8 O’Clock

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Richard Boniface

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April 30, 2020

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Talented Nigerian singer Oladips is releasing a new 8 O’Clock hip-hop record. The album is reportedly starring President BUHARI after his latest presidential broadcast during the shutdown of coronavirus.

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AUDIO: E.L ft. Sarkodie – Revival

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Richard Boniface

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April 30, 2020

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O.V. Heavyweight rapper Nation Records, E.L has dropped a brand new single that he titled, Revival, featuring Sarkodie.

The singer hopes on this new album to rekindle the communicative dance suspected to have derived from Apaa, known as Azonto.

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German Bundesliga Could Return In May

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Richard Boniface

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April 30, 2020

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The ministers of sports in the 16 states of Germany have declared the prospect of the league resuming from mid or end of May in empty Stadia.

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In a statement from the Sports Ministers after their meeting on Monday, they pointed out that resuming “in empty stadiums” from “the middle or end of May” is “justifiable” for the league.

They also highlighted the need for the league to “create and enforce the strictest hygienic and medical conditions, and monitor them with appropriate measures.”

This decision will be subjected to the ratification of the German Chancellor Angela Merkel who will be meeting with leaders of the 16 States in Berlin on Thursday. If given the go-ahead in May, the Bundesliga will be the first league in Europe to resume.

Just like others, the German league was suspended in March as a result of COVID-19.

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La Liga Ready For Individual Training Return On 4th May

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Richard Boniface

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April 30, 2020

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La Liga Ready For Individual Training Return On 4th May

Professional athletes from Spain like players from La Liga will resume basic training from May 4, the government of the country stated on Tuesday.

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The Spanish top-flight has been on hold since March 12 due to the coronavirus pandemic.

Prime Minister Pedro Sanchez said that the action was the first move to lift lockout steps that would take effect over two months in four stages.

“The first phase, or phase 0, is the preparation to transition phase or the de-escalation phase, which we are already in,” Sanchez said.

“In the best-case scenario, this de-escalation phase will take a minimum of six weeks and the maximum duration we want to see is eight weeks for the whole of Spain,” he added.

Only later in later stages of the process will full sessions be able to take place.

The announcement allows the league’s clubs to restart individual sessions with their squad members, a protocol agreed upon by La Liga and the Spanish Football Federation earlier this month.

According to local reports, players will have to undergo COVID-19 screening tests before returning to training.

They will have to arrive at their club’s facilities already in the kit, with gloves and masks, and only a maximum of six players can be on the pitch at the same time.

COVID-19 has claimed nearly 24,000 lives in the country, behind the United States and Italy in mortality rates from the virus.

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Manchester United Is Yet To Collect Bids For Paul Pogba

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Richard Boniface

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April 30, 2020

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Manchester United Is Yet To Collect Bids For Paul Pogba

According to reports, Manchester United has not earned any offers for Paul Pogba, including those from Juventus claimed to be interested.

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The Italian giants are believed to be open to bringing back their former player but it is a deal that would be complicated to complete.

United are under no immediate pressure to sell Pogba, should the rumours of his desire to leave be true, and so they’re adamant on getting their asking-price met.

Juventus are unlikely to have the kind of funds those at Old Trafford want and so recent whispers have grown over a potential swap deal.

Nevertheless, it will be interesting to see whether the Red Devils can be persuaded to part ways with Pogba with the stage set for this to be the summer’s biggest transfer saga once more.

It was suggested Juventus were closer to making contact with Pogba than the above said but Fabrizio Romano hasn’t let anyone down in the past.

The current global health crisis could mean the Serie A club misses out on the World Cup winner entirely since if they didn’t have the funds in the past, they certainly won’t now.

At the very least this demonstrates Juventus’ belief in Pogba and it’s doubtful they would delay if the circumstances exist for them to make a push.

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Akwa Ibom: Lockdown Continues Indefinitely

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Richard Boniface

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April 30, 2020

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Akwa Ibom: Lockdown Continues Indefinitely

The Government of Akwa Ibom State has declared its decision to continue indefinitely enforcing the Quarantine and Restriction of Movement Order 2020.

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The state’s lockdown began on March 30th, 2020 and was supposed to end on Today April 30 making it one month.

However, the Secretary to the State Government and Chairman, COVID-19 Management Committee. Dr. Emmanuel Ekuwem, in a 9th COVID-19 update held on Wednesday at Government House, Uyo, said the state government was constrained to continue the enforcement of lockdown regulations at the moment due to the threat of the virus.

Ekuwem said the state government acknowledged the hardship experienced by people as a result of the lockdown noting that the extension was for the wellbeing and safety of the people.

According to the Chairman, “In as much as we identify with the hardship being experienced by our people, we must also acknowledge that the threat of the coronavirus is still with us hence we are constrained to continue the enforcement of lockdown regulations.”

He also announced that state government had set up a post economic reconstruction committee to recommend implementable strategies that would help to revive the state’s economy and urged all citizens and residents to join hands in the fight against COVID-19.

“We have also set up a post economic reconstruction Committee to recommend implementable strategies that would help jump-start the economy of our state.

Ekuwem said: “We enjoin all citizens and residents to join hands in our fight against COVID-19. It’s not time for the pursuit of selfish interests to the detriment of our collective interest as a people,”.

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VIDEO: King Perryy ft soft ft Terri – Jojo

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Richard Boniface

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April 29, 2020

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The Continental Boy King Perryy teams up with Dagogo Records artist Soft and Star Boy Entertainment signee Terri to further spread the fire of his continental sound on new song titled Jojo.
The song comes after the uproar caused by his previous singles Work N Grind and Murder which features Teni.
“Jojo” was produced by fast rising music producer Bizzouch, mixed and mastered by Africa’s best sound engineer STG

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Watch below:

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