Author: Chronicle Editor

Rep. Ron Wright, R-Texas, has died after contracting COVID-19 earlier this month, his office confirmed on Monday. Wright, who had lung cancer, was diagnosed with the coronavirus on Jan. 21 and admitted to Baylor Hospital in Dallas. Wright, who died on Feb. 7, was 67 years old. Read also:  Republicans join impeachment push; Pence says he will not move to expel Trump “Over the past few years, Congressman Wright had kept a rigorous work schedule on the floor of the U.S. House of Representatives and at home in Texas’ Congressional District 6 while being treated for cancer,” his office said.…

A farmer, Dele Olowoniyi, has been slaughtered while asleep in a farm settlement at Oha village, Imeko, in Imeko-Afon Local Government Area of Ogun State. Olowoniyi was said to have been found dead by his wife with machete cuts in his neck and other parts of the body on Sunday. A village source disclosed that some Fulani herdsmen stormed the village in the night with guns and cutlass and killed Olowoniyi in the farm. The source said, “One of our brothers here in Imeko was killed in the early hours of Sunday around 1am by Fulani herdsmen. “They stormed the…

Governor Babagana Umara Zulum over the weekend was in the Gwoza Local Government Area of Borno State for humanitarian and developmental activities, which began on Friday, February 5.  After passing the night in the town, Zulum on Saturday shared N150million as soft loans and grants to small and medium-scale traders. From the funds, N100m was allocated to small and medium entrepreneurs living within Gwoza town, while N50m was allocated to similar traders in Fulka, Izge, and Limankara towns, all in Gwoza LGA. Depending on the sizes of their businesses, the jobs they create, and the capacity to pay back what…

Bitcoin hit a record-high near $45,000 on Monday after Elon Musk’s electric carmaker Tesla invested $1.5 billion in the digital currency. Bitcoin hit $44,795.20 around 1325 GMT, before cooling slightly to $44,207.95. The cryptocurrency is up by around 50 percent since the start of the year. “This is probably one of the biggest developments for the cryptocurrency industry,” noted Fawad Razaqzada, analyst at ThinkMarkets. “Tesla is going to be a major player in the auto industry and if it starts accepting bitcoin as a form of payment, it will give the digital currency further legitimacy.” Tesla’s announcement, in a US…

The Minister of Humanitarian Affairs, Disaster Management and Social Development Sadiya Umar Farouq has called for a working partnership between state governments and the ministry to stamp out poverty in the country. The minister made the call at a virtual extra-ordinary meeting of the Forum of the Secretary to the Government of the Federation and Secretaries to State Governments which was convened on Friday 5th February, 2021, at her instance at the Office of the SGF. The meeting themed ‘Strengthening National Poverty Eradication Stategies and Policies’ is targeted at effectively coordinating poverty eradication programs in Nigeria using a single document…

Following the move to reopen the Lekki Tollgate, many Nigerians mostly youths, have taken to social media threatening to stage another protest. Youth representatives at the Lagos State Judicial Panel of Inquiry on Saturday had opposed the reopening of the Lekki toll gate arguing that reopening the toll-gate at this time would be hasty and premature. The argument over the weekend however did not sway the votes as the panel voted in favour of a return of the tollgate to Lekki Concession Company (LCC). Reacting to this decision, many Nigerians took to Twitter calling out the panel for approving the release…

Is China trying to make its own version of Captain America? US intelligence has suggested so. But beyond the hype, the possibility of a super soldier is not so outlandish and one that not just China is interested in. With deep pockets, and a desire to get an edge, the world’s militaries have often driven technological innovation, from the state-of-the-art to the humble. Take duct tape. It was the result of a suggestion from an Illinois ordnance factory worker, who had sons serving in the navy during World War Two. Worried about soldiers under fire fumbling with the flimsy paper…

The price of oil has recovered to its pre-pandemic levels having hit an all-time low last year. While demand for oil is still lower than normal, there are hopes of a speedier than expected economic recovery as vaccines are rolled out. Oil prices are often seen as a barometer for economic activity, still struggling with the virus downturn. The “Black gold” has now reached $60 a barrel having risen more than 50% in the last few months. Brent crude, the major benchmark for oil, has seen strong growth recently. Futures contracts, which are based on the price of future delivery,…

Nigeria on Sunday recorded 506 new cases of the novel COVID-19 virus, according to the Nigeria Centre of Disease Control (NCDC). The figure was the lowest in over two months. However, the NCDC said 20 more deaths had been recorded across the country. READ ALSO: Why Nigeria Was Not Included In First Shipment Of Pfizer Vaccine – WHO To date, 139,748 cases have been confirmed, 113,525 cases discharged and 1,667 deaths recorded in 36 states and the Federal Capital Territory. Sunday’s new cases were reported from 20 states, including Ondo (90), Kwara (89), Rivers (53), Borno (45), Gombe (32), FCT (28),…

Cryptocurrency has become a widely acceptable means of payment with greater capacity and faster settlement than other traditional financial structures. It is a digital currency that can be used to buy goods and services but uses an online ledger with strong cryptography to secure online transactions. Cryptocurrency market was started by the group or individual known as Satoshi Nakamoto. Bitcoin, which is the most popular cryptocurrency, alongside Ethereum (Ether) – is a digital currency that debuted in 2009. In 2008, during the global financial crisis a white paper called Bitcoin – A Peer-to-Peer Electronic Cash System was released. It was…