Author: darelasisi@gmail.com
The Nigerian Stock Exchange (NSE) ended Wednesday session with a marginal growth of 0.02 per cent. Specifically, the All-Share Index improved by 5.29 points or 0.02 per cent to close at 26,665.73 against 26,660.44 achieved on Tuesday. In the same vein, the market capitalization garnered N3 billion or 0.02 per cent to close at N12.870 trillion against N12.867 trillion posted on Tuesday. The upturn was largely boosted by capital appreciation recorded in the shares of mid and large capitalized stocks namely: Stanbic IBTC Holdings, Cadbury, Okomu Oil, Union Bank, and PZ Cussons. Analysts at Afrinvest Limited expected a mixed performance…
The Victims Support Fund (VSF) has reiterated its commitment to providing various interventions to victims of Boko Haram insurgency in the North East to alleviate their challenges. VSF Executive Director, Prof. Sunday Ochoche, expressed this in an interview with News Agency of Nigeria (NAN) in Abuja. Ochoche said that in continuation of the interventions of VSF in affected communities, over 20,000 women were currently benefiting in its economic empowerment programme. He said that the “Women Economic Empowerment Cash distribution Project’’ aimed to support women who were economically active and have skills that could be translated to income generation. “So our…
The Nigerian Air Force(NAF) says its Air Task Force (ATF) of Operation LAFIYA DOLE, has destroyed another Boko Haram Terrorists (BHTs) Camp at Ngoske in the Sambisa Forest area of Borno. Air Commodore Ibikunle Daramola, NAF Director of Information made this known in a statement on Wednesday in Abuja. He said the operation was executed on Monday under the auspices of ” Operation Rattle Snake”. Operation Rattle Snake is an Air Interdiction Operation, which targets selected locations within the North East to further degrade remnants of terrorists as well as deny them safe havens and freedom of action. “The sustained…
The Federal High Court, Abuja, on Wednesday, granted the Economic and Financial Crimes Commission (EFCC)’s request to extradite the Briton, Adam Quinn, over his alleged complicity in the 9.6 billion dollars judgment against Nigeria. Justice Okon Abang, who gave the order for Quinn’s arrest, said the move would help the Federal Government to prosecute him in the charges levied against him. News Agency of Nigeria (NAN) reports that Quinn’s associate, Nolan, had been at Kuje Correctional Centre, Abuja, after he had been unable to perfect his bail conditions. NAN also recalls that the EFCC had, on Oct. 21, arraigned Nolan…
The Department of Petroleum Resources (DPR) on Wednesday sealed off four Liquefied Petroleum Gas (LPG) plants, over non-compliance and illegal operations in Lagos. Officers of the Nigeria Security and Civil Defence Corps (NSCDC), which collaborated with the DPR in the exercise, also arrested three employees of the sealed LPG — also known as cooking gas — plants. The News Agency of Nigeria (NAN) reports that the gas stations sealed off include Geogas Gas Filling Plant, Oduduwa Road, Oworonsoki and Classic Gas, MKO Abiola Market, Agege, Lagos. Also shut down by the petroleum regulatory agency were Al-Morruf Gas Plant and Vertex…
A policeman and an unidentified person were killed on Wednesday as suspected arsonists burnt down a worship house, Sotitobire Miracle Centre, in Oshinle area of Akure. The News Agency of Nigeria (NAN) reports that there had been tension in the area over the reported disappearance of a one-year-old boy, Gold Kolawole, at the worship house on Nov. 10. Mr Femi Joseph, the Police Public Relations Officer (PPRO) in Ondo State confirmed the killing of a policeman and an unidentified person while speaking with NAN on Wednesday. The killings came as irate youths set ablaze the worship house and a vehicle…
The Senate on Wednesday confirmed the nomination of Muhammad Nami as the Executive Chairman, Federal Inland Revenue Services (FIRS) and 13 others as board members. The confirmation of followed a report of the Committee on Finance and consideration of the same at the Senate Committee of the Whole. President Muhammadu Buhari had in a letter to the senate, forwarded the list of the persons for appointment as Chairman and Board Members of FIRS. President of Senate, Ahmad Lawan, had announced the list of the nominees at plenary on Dec. 9, following which, the list was referred to the Senate Committee…
Benjamin Uwajumogu, the Senator representing Imo North Senatorial District in the National Assembly is dead. Rochas Okorocha representing Imo West Senatorial District confirmed the passing to journalists. He was said to have slumped in the bathroom while taking his bath and rushed to a private hospital in Apo, Abuja, where he died. – VANGUARD
The Oyo Council of Nigeria Union of Journalists (NUJ) on Wednesday elected new executives to run the affairs of the union for the next three years. The News Agency of Nigeria (NAN) reports that Mr Demola Babalola of Fresh FM polled 179 votes to emerge, chairman, defeating his only rival, Mr Adewumi Faniran of Federal Radio Corporation of Nigeria (FRCN), who polled six votes. Mr Sola Oladapo of Federal Information Chapel polled 175 votes to emerge Secretary while his rival, Bola Ogunlayi of Time Nigeria Magazine had 10 votes. Mr Akeem Abas of NAN won the treasurer position after polling…
Shareholders in Ibadan Zone on Wednesday commended the Securities and Exchange Commission (SEC) for initiating policies that had helped to reduce the huge number of unclaimed dividends in the area. Mr Eric Akinduro, the Chairman, Ibadan Zone Shareholders Association, gave the commendation in an interview with the News Agency of Nigeria (NAN). ” The Securities and Exchange Commission has given directives and they stood by them. We give kudos to them because their policies have reduced the incidence of unclaimed dividends. “It is difficult to quantify how much reduction has been achieved; but using Dangote flour for instance, out of…