By Yemisi Izuora The director general of the securities and exchange commission Arunma Oteh has sought engagement of capital market operators to recommend initiatiatives that will help creat wealth for Nigerians. Oteh who spoke at the technical session opital market retreat in Abuja said if proper plan is in place the capital market will be a major investment platform for Nigerians and serve as a catatic tool to alleviate poverty. She said poverty is a major challenge in Nigeria but government is tackling it with creative reforms and the decisions taken by capital market experts on the Nigerian Capital Market…
Author: orientalnewsng
President Jonathan SIXTY-three senators as of Thursday have signed up to the plan to impeach President Goodluck Jonathan in the upper legislative chamber, The PUNCH learnt in Abuja. One of the arrowheads of the move to remove Jonathan in the Senate showed our correspondent the list containing the signatures of the senators. The source said eight Peoples Democratic Party senators were among the signatories to the planned impeachment notice. There are 109 members in the Senate. An All Progressives Congress senator from the North-West zone, who asked not to be named,told our correspondent that the lawmakers’ major grouse was the…
Olisa Agbakoba All Progressives Congress, some Senior Advocates of Nigeria including Olisa Agbakoba, Yusuf Ali and Niyi Akintola, have called for the removal of the Inspector General of Police, Mr. Suleiman Abba, over his refusal to acknowledge Alhaji Aminu Tambuwal as the Speaker of the House of Representatives. The APC in a statement by its National Publicity Secretary, Alhaji Lai Mohammed, said Abba had shown that he was ‘partisan’ and would not be able to ensure a free and fair election next year. The statement partly read, “‘Abba is presiding over perhaps the most-partisan police force ever in the…
The Aviation Master Plan has been described as a paradigm shift in the formulation of aviation policies by the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Engr. Saleh Dunoma at the just concluded seminar organised by the League of Airport and Aviation Correspondents (LAAC), at the Murtala Muhammed International Airport, Ikeja. Eng Dunoma stated that “never before have aviation policies in the country made such immediate impact on the airport landscape and the economy than we are witnessing today”. He also acknowledged and applauded the vital contributions that LAAC had made, over the years, in the development…
What started as a mild argument over money turned tragic between a couple in the Ikorodu area of Lagos State after the wife stabbed her husband to death. The incident happened on Wednesday, last week, on TK Balogun Street, Igbo Olomu, Ishawo. PUNCH Metro gathered that the woman, Folashade Sodiya, 27, killed her husband, Jude Igbinedor, 39, around 2am after heated argument over money. They were said to have been in a seven-year relationship, though the union had not been consented to by the parents. They reportedly got married without approval of their parents and started living together two years…
The stage is set; the drums are rolled out as plans have reached advanced stage in preparation for the all African tourism event titled “Afro Tourism Expo”. Several interests and responses have since greeted this noble event ranging from local to international stakeholders, professional groups and destination managers from Nigeria, the Gambia, South Africa, Kenya, Egypt, Brazil, Turkey, and still counting. It is the maiden edition of this global travel, tourism and hospitality industries event scheduled for the 17th and 18th of September, 2014, in Nigeria, at the prestigious International Conference Centre, Abuja. The theme of this year’s exhibition is…
Over 670 people have been killed by the virus in West African countries. Arik Air on Sunday said it would suspend flight operations to Monrovia in Liberia and Freetown in Sierra-Leone on Monday following the first Ebola virus death officially confirmed in Lagos. This is disclosed in a statement issued and signed by the airline’s Head of Corporate Communications, Ola Adebanji, in Lagos. It said the suspension would be in force until further notice. The first Ebola virus death officially confirmed in Lagos involved a Liberian national. He had flown into Lagos on a foreign airline from Monrovia via Lome…
Godwin Emefiele, CBN governor The Central Bank of Nigeria, CBN, has expressed concern over the growing incidence of abuse of prudential regulations by banks through the issuance of foreign currency denominated bonds (Eurobonds). The bank’s director of banking supervision, Tokunbo Martins, said financial sector regulator was also worried that the banks were not adhering to the regulation regarding foreign currency borrowings in foreign lines of credit. According to Mrs. Martins, the lower interest rate on foreign debt was created as an incentive for banks to borrow abroad, apart from the added advantage of providing fairly stable and long term funds…
Bank Verification Number, BVN, is part of the Central Bank of Nigeria, CBN’s, cashless policy to capture customers’ data and check fraud in the banking system. It is an initiative of the CBN to give every customer in the Nigerian banking system a unique identification number that can be verified across all banks in Nigeria. The enrollment process for acquiring your BVN is simple. Visit any branch of the bank you have an account with. Registration by proxy not acceptable. Collect and fill the BVN enrollment form with all personal data about you. Submit the completed form to a designated official…
Nigeria, Ghana, Liberia, Ethiopia, Kenya, and Tanzania are to benefit from a $5 billion new technical and financial support by the World Bank for the development of some energy projects in Africa. The support is coming in partnership with President Obama’s Power Africa initiative aimed at providing the necessary infrastructure for the development of the continent. The World Bank Group President, Jim Yong Kim, said at the first U.S.- Africa Summit, that the new financial commitment was urgently needed to generate more electricity for the people of Africa. According to the World Bank President, about 600 million people in the continent live without access to electricity, despite…