Jun 25, 2020 – Top News Magazines.

Ex-Oyo Governor, Ajimobi is dead

Jun 25, 2020 topnews

Abiola Ajimobi’s, the immediate past Governor of Oyo State, has died at age 70 after battling coronavirus-related symptoms. Ajimobi, who was governor from 2011 to 2019, was named the Acting National Chairman of the ruling All Progressives Congress last week but never resumed. The former governor was hospitalised at First Cardiologist and Cardiovascular Consultants Hospital, Lagos on June 2, 2020. He was said to have tested negative for COVID-19 but the illness had caused his health to deteriorate. Ajimobi’s wife, Florence, had earlier been hospitalised with her husband. She was, however, discharged. He was…

Nigeria Faces Worst Recession In 40 Years – World Bank

Jun 25, 2020 topnews

The World Bank, in a new report, titled ‘Nigeria in times of COVID-19: Laying foundations for a strong recovery,’ estimated that Nigeria’s economy would likely contract by 3.2 per cent this year. “This projection assumes that the spread of COVID-19 in Nigeria is contained by the third quarter of 2020,” it said. The bank said if the spread of the virus became more severe, the economy could contract further. It said, “Before COVID-19, the Nigerian economy was expected to grow by 2.1 per cent in 2020, which means that the…

Nollywood loses another Veteran actor

Jun 25, 2020 topnews

The Nigeria film industry has lost yet another Veteran Yoruba actor, Gbolagade Akinpelu, popularly known as Ogun Majek. It was gathered that he died Thursday morning at his Imalefalafia, Oke-Ado, Ibadan home. The President of Theatre Arts and Movie Practitioners Association of Nigeria, Bolaji Amusan, aka Mr Latin, confirmed his death. It was gathered that the deceased had a few months ago appealed for financial support for heart surgery. Latin said, “Yes, he died this morning and our colleagues in Oyo State are there to do all necessary things. “Everybody knows…

World Bank approves $750m for Nigeria’s power sector

Jun 25, 2020 topnews

A $750m International Development Association credit has been approved by the World Bank for Nigeria’s Power Sector Recovery Operation. This was contained in a statement issued by the bank on Wednesday. The statement quoted the bank’s Country Director for Nigeria, Shubham Chaudhuri, as saying the credit would help to improve the electricity supply in Nigeria. The bank expressed worry that about 47 per cent of Nigerians had no access to grid electricity and those who had access faced regular power cuts. It said the economic cost of power shortages in…