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It is no longer news that Shoprite, Africa’s largest retailer has considered a potential divestment from its Nigerian operation. But the big question is, can the local retailers and manufacturers deal with the unbeatable price equilibrium which Shoprite has maintained in the last 15 years?  Despite the fact that economic and investment experts argue that the greatest impediment to Nigeria’s economic growth and development is due to the activities of multinational companies in the country, it can however be deduced that these companies have provided more services than any other domestic retailer in history. Their place has kept price levels at a very good position over the years and that explains why most Nigerians are happy patronizing them. In the telecommunications industry, Globacom has become a pain in the ass of many Nigerians. The idea behind the activities of Globacom is to bridge the gap between the two important classes in the society and obviously they have not achieved a...

 A cat detained at Sri Lanka's main prison for allegedly trying to smuggle drugs and cell phone SIM cards, has escaped from custody.    The smuggling attempt was busted by the jail intelligence officials on Saturday August 1, at the high-security Welikada Prison. A police official said nearly two grams of heroin, two SIM cards and a memory chip were found in a small plastic bag tied around the cat's neck.   Aruna newspaper however reported that the cat escaped on Sunday August 2, from a prison room where it was kept.  While there is no immediate comment from the prison authorities, it was however gathered that the management of the correctional facility had reported an increase in incidents of people throwing small packets of drugs, cell phones and phone chargers over the walls in recent weeks.   Police last week seized an eagle allegedly used by drug traffickers to distribute narcotics in a suburb of Colombo.   Investigations are p...

The United Nations has completed plans to carve out a new territory from Nigeria and the Republic of Cameroon by July 10. The creation of the new territory to be known as the United Nations Organisation(UNO) State of Cameroon may see Nigeria losing 24 local councils, by way of ceding, to the new country. Former Nigerian President Olusegun Obasanjo and President Paul Biya of Cameroon, on the invitation of the then UN Secretary-General Kofi Annan, had in March 2003 signed documents to cede their disputed territories (Northern and Southern Cameroons) to the proposed UNO new country in West and Central Africa. According to a report in a national daily, the new state will have a total landmass of 28, 214 square km, with an estimated population of 20 million people. This was disclosed in a May 26, 2020 letter on the UNO State of Cameroon by Prof. Martins Chia Ateh, the United Nations-appointed workshops coordinator in Cameroon and Nigeria, according to the report. ...

The lockdown imposed on Kabba-Bunu Local Government Area of the state over suspected cases of Coronavirus (COVID-19), has been lifted by the Kogi state government.  Governor Yahaya Bello who made the announcement at the Government House in Lokoja on Friday June 5, said the decision of lifting the lockdown in the local government area was reached after samples which were tested came back negative.  The Governor who insisted that Kogi state still  remains a COVID-19-free state, urged residents of the state to observe protocols of the World Health Organisation (WHO) and the Nigeria Centre for Disease Control (NCDC) to curb the spread of the disease. This is coming days after the NCDC announced that two Coronavirus cases were confirmed in the state. Dino Melaye also confirmed this by revealing that he knows one of the patients. 

Forbes has released the 2020 edition of its annual Celebrity 100 list and revealed Kanye West as the world's highest-paid musician, as well as the second-highest-paid celebrity overall. The billionaire rapper, 42,  who made $170 million in 2020 ranks at number two, behind sister-in-law Kylie Jenner, whose billionaire status was invoked after she was accused faking her way to her billionaire status over claims  inflated her personal wealth and forged her tax returns. According to the magazine, West is now officially worth $1.3 billion. But months ago Kanye slammed Forbes because he was left unhappy with their research and findings - stating that he believes his net worth to be around $3.3 billion and not the $1.26 billion they estimated at that time.  'It's not a billion,' West allegedly texted the publication. 'It's $3.3 billion since no one at Forbes knows how to count.' The next artist on the list is Elton John (No. 14 with $81 million in ...

Brazil has overtaken Italy as the country with the third-highest Coronavirus death toll after a daily record of 1,473 fatalities took its total tally to more than 34,000. The figure published by Brazil’s health ministry on Thursday night showed that only the United States and the United Kingdom have registered more deaths from the disease.   The official number of infections rose to nearly 615,000, the second-largest caseload in the world, behind the US. Shortly before the numbers were released, Brazil’s president Jair Bolsonaro said in an online broadcast: “We can’t go on like this. Nobody can take it anymore,” Bolsonaro said of the stay-at-home measures, being implemented by state governors and mayors across Brazil even as the number of infections and deaths continues to increase.  “The collateral impact will be far greater than those people who unfortunately lost their lives because of these last three months here,” Bolsonaro said.