…Says Group Doctored Videos To Attract Foreign Sympathy Yemisi Izuora The Federal Government has challenged the Indigenous People of Biafra (IPOB), on the authenticity of some videos in circulation, saying the group is using fake videos of mass killings, to mislead the international community and win their support. The Minister of Information and Culture, Alhaji Lai Mohammed, who stated this when he addressed Online Publishers, in Lagos said that the fake videos were harvested from other parts of Africa and doctored to look current. ”We must warn the nation against IPOB’s next line of action, which is to externalise their…
Author: Orientalnews Staff
…As FG Monthly Pension Liability Hits N7.5 Bn Yemisi Izuora The Pension Transitional Arrangement Directorate, PTAD, has commenced verification exercise of federal government pensioners in Lagos state with the view to determine actual government pensions liability. About 21,000 existing pensioners will be scrutinized during the two weeks exercise. The executive secretary of the agency Sharon Ikeazor who monitored the exercise at five centers designated for the program expressed satisfaction at the turn out of pensioners. Speaking at Ketu center, Ikeazor explained that the outcome of the exercise will help determine actual pension liability of government and ensure all outstanding arrears…
….Allays Fear Of Scarcity Yemisi Izuora The Nigerian National Petroleum Corporation, NNPC, has assured motorists and other consumers of petroleum products nationwide that the fire incident which occurred at Apapa loading jetty at the early hours of today will not affect supply of petroleum products. Already, NNPC has deployed a team of engineers to the jetty while the repair of the affected parts would commence immediately. The fire was sparked from the activities of hoodlums who were scooping fuels spilled from ships discharging fuels at the jetty. NNPC Group Managing Director, Dr. Maikanti Baru, who has been fully briefed on…
Yemisi Izuora The Nigerian Stock Exchange, NSE, has organized an Investor Clinic to educate capital market stakeholders on ‘The role of Dematerialization, Direct Cash Settlement and E-dividend in the development of the Nigerian Capital Market’. The Investor Clinic which took place at the Stock Exchange House, Lagos was targeted at sensitizing the investing public and brokerage community of contemporary initiatives in the market. This edition of the NSE Investor Clinic which was sponsored by ARM Pension Fund Managers Limited and Africa Prudential Registrars Plc, shed light on the importance of dematerialisation as a necessity in the trading of shares. Participants were also made…
Yemisi Izuora The director general of the Nigerian Civil Aviation Authority, NCAA, Capt. Muhtar Usman has presented Certificate with no. NCAA/ARD/AC/001 to the Managing Director of the Federal Airport Authority of Nigeria (FAAN), Engr. Saleh Dunoma, which grants Aerodrome permission to FAAN. According to the DG, ”pursuant to the power conferred on the Authority in Section 30(3)(K) of the Civil Aviation Act 2006 and having fulfilled the requirement of the Nigeria Civil Aviation Regulations Part 12 for the issuance of an Aerodrome Certificate, the Authority hereby grant Aerodrome Certificate to the Federal Airport Authority of Nigeria.” The Aerodrome located at Ikeja has Latitude 06⁰34’43.139” N and Longitude: 033⁰ 19’ 21.098”…
…Releases $545 Million To Forex Market Yemisi Izuora The Central Bank of Nigeria (CBN) has said it will not tolerate any breach of its directive on retail foreign exchange transactions, warning defiant banks of possible sanctions. The apex bank it will not hesitate to sanction any Deposit Money Bank (DMB) in breach of its earlier directive of March 3, 2017 instructing them to, among other things, open teller points for retail forex transactions and to have electronic display boards in all their branches, showing rates of all trading currencies. This is even as the Bank sustained its intervention in the…
The Murtala Muhammed International Airport has become the first of four airports to be certified by the Nigerian Civil Aviation Authority ( NCAA) in line with the International Civil Aviation Organisation (ICAO) laid down rules. At the award ceremony of certificate at the NCAA head office, Director General of NCAA, Capt Usman Muhtar said is important but sustaining is vital. He said first attempt to certify the airport and others hit the Rockies 2006 leading to a more purposeful coordinator to scale the hurdle.
From Left;Mr.Michael Larbie,Chief Exective Officer,Rand Merchant Bank Nigeria Limited;Mr Fola Fagbule,Head of Advisory,Africa Finance Corporation[AFC];Engr Chidi Izuwa,Ag.Director General,Infrastructure Concession Regulatory Commission[ICRC] and Mr.Ladi Sanni,Group Chief Executive Officer,Viathan Engineering Ltd,at the 2017 Finance Correspondents Association of Nigeria[FICAN] Annual Conference with the Theme;Financing Nigeria’s Infrastruture:Issues,Challenges & Options held at The Orchid Hotel Lekki Lagos.
For a very long time, the Nigerian capital market operated predictably with its processes not aligning with global realities. This inaction or laggardness contributed largely in retarding the growth of the market, thus questioning its global competitiveness and relevance, especially among contemporary players following the proliferation of new needs and contemporary market tendencies. For a long time, the market was seen as a no reference point for new and hybrid capital market products. This in turn stalled its growth. With the global marketplace increasingly getting more sophisticated and erratic, there had been efforts to disrupt the status quo and…
*Explains metering limitations Yemisi Izuora Residents of Usen community in Egor Local government area of Edo State will soon begin to enjoy improved power supply as Benin Electricity Distribution Plc (BEDC) concludes plans to bring an additional 7.5MVA in addition to the existing 7.5MVA transformer installed recently, the Chief State Head, Edo State, BEDC, Engr. Fidelis Obishai has assured. He gave the assurance during an information Sharing/Customer Forum of BEDC in for third quarter, held across select communities in Ologbo, Ulemo and Usen areas of Edo state last Thursday in Benin during, which he also apologized to the residents of…