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Freight Forwarders tired of giving bribe at the port — Aniebonam

June 20, 2019 Editorial IV 0

The founder, National Association of Government Approved Freight Forwarders (NAGAFF), Dr. Boniface Aniebonam, in this interview  bears his mind on the issue of corruption by officials of government agencies at the port, his expectations from President Buhari’s second term in office, among other issues. What are your expectations from President Buhari’s second term in office as it concerns the maritime industry? Read More

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Kogi monarchs endorse Yahaya Bello for second term, want Finance Minister’s slot in Buhari’s cabinet

June 20, 2019 Editorial IV 0

The Kogi State Council of Chiefs on Wednesday presented Governor Yahaya Bello to President Muhammadu Buhari for a second term following his endorsement by the people of the state. The Attah Igala, Dr Michael Idakwo Oboni, made this known to State House correspondents at end of a close-door meeting the monarchs had with the president at the Presidential Villa in Read More

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Kwara: Suspended LG chairmen file contempt charges against AbdulRazaq, assembly

June 20, 2019 Editorial IV 0

The suspended 16 local government councils chairmen in Kwara state Wednesday filed contempt charges against governor AbdulRahman AbdulRazaq and the state house of assembly. The chairman of the Local Government Association of Nigeria(ALGON) in the state, Mr Joshua Omokanye, disclosed this while addressing newsmen on the suspension order slammed on the councils’ chairmen.He said the governor’s decision negates the judgment Read More

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Buhari believes in Abiola’s mandate – Ogun gov

June 20, 2019 Editorial IV 0

Governor Dapo Abiodun of Ogun state Wednesday thanked President Muhammadu Buhari for making June 12 the country’s Democracy Day and the renaming of Abuja National Stadium after the late Chief M. K. O. Abiola.Speaking to State House correspondents after a close-door meeting with the president, Abiodun said recognising Abiola by the the present administration was a unifying factor in the Read More

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West, Central Africa account for 50% of global piracy —IMO

June 20, 2019 Editorial IV 0

The International Maritime Organisation (IMO) has  raised concerns over increased  rate of piracy and armed  robbery against ships globally. This was disclosed in a statement signed by Media and Communications Officer, Natasha Brown on the outcome of Maritime Safety Committee (MSC) 101 session held in June. “In 2018, 223 incidents occurred worldwide as compared to 204 incidents reported in 2017, an increase of Read More

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Moodys maintains stable outlook for Nigeria’s banking system

June 20, 2019 Editorial IV 0

The outlook for Nigeria’s banking system remains stable, reflecting resilient capital buffers and stable deposit bases, and high asset risks should ease as the economy strengthens, Moody’s Investors Service said in a report published yesterday. “Nigerian banks’ asset risk and profitability will remain key rating challenges, but we expect these challenges to gradually decline in 2020 as the economy picks Read More

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Nigeria plans to tap into Eurobonds – DMO

June 20, 2019 Editorial IV 0

Nigeria plans to access cheaper foreign loans to help part fund its 2019 budget and tap Eurobonds if necessary to cover any shortfall, the debt office said in a statement on Wednesday. The emailed statement comes a day after The Director-General of the Debt Management Office (DMO) said the country had no plans to return to the international market this Read More

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Derivatives will enhance Capital Market Liquidity – Uduk

June 20, 2019 Editorial IV 0

Securities and Exchange Commission (SEC) has identified derivatives as one of the investable products that would enhance the liquidity of the Nigerian Capital market. The Acting Director General of SEC, Ms. Mary Uduk stated this in Lagos at the Final Reporting Workshop of the Knowledge Sharing Programme ( KSP). The KSP which centred on “Capacity Building on Operation and Development Read More

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Bears maintain grip as market capitalisation dips by 0.16%

June 20, 2019 Editorial IV 0

Specifically, Market Capitalisation of listed equities depreciated by 0.16 per cent to N13.119 trillion from N13.140 trillion traded the previous day. The NSE All Share Index also fell by 46.08 basis points to 29772.72 points from  29818.80 traded the previous day. Investors traded 1.233 billion shares valued at N67.891 billion in 3441 deals against  2.912 billion shares worth N11.225 billion Read More

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Umahi swears-in new SSG, COS, others

June 20, 2019 Editorial III 0

Governor David Umahi of Ebonyi state Wednesday advised his appointees to desists from eye service and carry out their duties professionally. The Governor further charged them to be in charge of the decisions taken in their offices and stop pestering him  when they want to take decision in the ministries or department they are meant to take care off. Umahi Read More

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Fagna Boss, Falolu Bags IMC’s Fellowship

June 20, 2019 Editorial IV 0

In a bid to regulate management consultancy activities, the Institute of Management Consultants (IMC), may soon issue licences to certified practitioners in the country. Sequel to this, the Council of the IMC is organising a one-day workshop and fellowship programme in Abuja and Lagos on Thursday and Friday. The forum provides a common platform for CMC Certification workshop, which is a requirement Read More

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FG to float N100bn Sukuk Bond for infrastructure in 2019 – DMO

June 20, 2019 Editorial IV 0

In a bid to address the infrastructure challenge bedevilling the country, the Debt Management Office (DMO) on Tuesday disclosed that the Federal Government would float over N100 billion third Sukuk Bond before the  end of 2019. Ms Patience Oniha, DMO’s Director-General, stated this at inaugural edition of the Islamic Finance Network (IFN) Nigeria Forum organised by the Nigerian Stock Exchange Read More

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CBN again injects $210m into forex market

June 20, 2019 Editorial IV 0

The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the CBN indicated that authorised dealers in the wholesale segment of the market were offered the sum of $100million, while the Small and Medium Enterprises (SMEs) segment received the sum of $55 million. The sum of $55 Read More

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Zulum appoints SSG, COS, others

June 20, 2019 Editorial III 0

Governor Babagana Umara  Zulum of Borno state  has Wednesday retained  Alhaji Usman Jidda Shuwa, the immediate past Secretary to the State government (SSG) during former Govenror kashim Shhettima. This was contained in a statement issued and signed on his behalf by Barrister Mustapha Ali Busugma, the Principal Private Secretary (PPS) to the Governor said he also appointed Dr. Babagana Wakil Read More

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Small firms account for high number of jobs in Nigeria – Report

June 20, 2019 Editorial IV 0

Small and Medium Enterprises (SMEs) sector accounts for more than 84 per cent of jobs in the country and plays a crucial role in reducing unemployment and generally stabilizing the economy.According to the Ministry of Industry, Trade and Investment, this is as a result of the presence of over 37.07 million MSMEs, micro, small and medium-scale enterprises. However, a major Read More

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Borno governor meets Buhari, says military might not enough to end Boko Haram insurgency

June 20, 2019 Editorial IV 0

President Muhammadu Buhari on Wednesday met behind close-doors with Governor Babagana Zulum of Borno state in his office at the Presidential Villa in Abuja.Fielding questions from State House correspondents after the meeting, Zulum said he briefed the president on the security situations in the state.“Basically I am here to discuss with the President on how best the federal government will Read More

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Troops rescue 2 women, 3 children in terrorists enclave

June 20, 2019 Editorial IV 0

Troops of 112 Task Force Battalion on clearance operations in conjunction with Civilian Joint Task Force, have rescued two women and three children around bushes of Kajeri and Saleri villages of Borno state.The women and children were rescued after the troops raised a cluster of camps recently established by Boko Haram/ISWAP terrorists along Kajeri on Tuesday, Col. Sagir Musa, Nigerian Army Read More

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Operation Puff Adder: Police nab nursing mother, 32 others, recover 30 arms, 77 ammunition, 160 rustled cattle

June 20, 2019 Editorial IV 0

Police operatives attached to Operation Puff Adder have arrested a nursing mother and 32 others involved in kidnapping, armed robbery, cattle rustling, car theft, and murder. The nursing mother, Esther Senior, who was in possession of one AK47 rifle and 18 rounds of live ammunition, was arrested with the weapon concealed in a travelling bag while reportedly taking it her gang members Read More

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INEC retrieves, re-issues over 70 certificates of return

June 20, 2019 Editorial IV 0

The Independent National Electoral Commission (INEC) Wednesday said it had withdrawn and re-issued over 70 certificates of return after the 2019 general elections. INEC National Commissioner, Chairman, Information and Voter Education Committee Mr Festus Okoye said this at an electoral reform round-table organised by the Nigeria Civil Society Situation Room and the Kofi Annan Foundation in Abuja. Okoye said that Read More

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Bayelsa Assembly insists on pension for lawmakers

June 20, 2019 Editorial IV 0

The Bayelsa House of Assembly has said it would engage the services of an insurance firm to ensure pension for members of the 6th assembly in the state. The assembly said it would reactivate the life pension bill passed by the 5th house which the governor, Seriake Dickson declined assent to. The speaker, Mr Tonye Isenah, stated this in Yenagoa Read More

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APC condemns conduct of some members-elect

June 20, 2019 Editorial IV 0

The leadership of the All Progressives Congress (APC) Edo state chapter has condemned the actions of some of its members-elect who have sharply disparaged the conduct of election that produced the leadership of the newly inaugurated 7th Edo state House of Assembly. The state chairman of the party, Mr Anselm Ojezua, in a statement condemned their actions describing it as Read More

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Kidnapping: I made N200m in 6 months – Suspect

June 20, 2019 Editor 0

Police operatives attached to Operation Puff Adder have arrested a nursing mother and 32 others involved in kidnapping, armed robbery, cattle rustling, car theft, and murder. One of the suspects, Abubakar Umar, aka Buba Dogo, confessed to making N200million from kidnapping in six months. The nursing mother, Esther Senior, found to be in possession of one AK47 rifle and 18 rounds of Read More

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Ex-Gov Yari rejects APC’s committee report

June 20, 2019 Editorial IV 0

Former Governor of Zamfara state, Abdulaziz Yari has described a report submitted by a five-man committee of the All Progressives Congress (APC) alleging anti-party activities against him as baseless, contemptuous and embarrassing. Yari, through his Media Aide, Ibrahim Dosara, Wednesday said the committee’s claims and the subsequent publications in the media had “no basis, contradicted court judgement and order”. The Read More

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PDP aspirant assures on meeting yearnings of Kogites

June 20, 2019 Editorial IV 0

An aspirant on the platform of the People Democratic Party (PDP) Alhaji Aminu Abubakar Suleiman has assured the state of vibrant economic and human development leadership that will meet the yearnings and aspiration of the people. The aspirant, who is warming up for the November 16th governorship election in Kogi state, urged the electorates to give him the mandate to lead a Read More

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Police rejects FCO travel advice, say Nigeria safe

June 20, 2019 Editorial IV 0

The Nigeria Police have debunked the Foreign and Commonwealth Office (FCO) against travel to some states and border areas in Nigeria. The FCO had advised against all travel to Borno, Yobe, Adamawa and Gombe states as well as riverine areas of Delta, Bayelsa, Rivers, Akwa Ibom and Cross River states in addition to travelling within 20km of the border with Niger in Zamfara state. Read More