NGX: Indices rebound by N21bn on GTCO price appreciation
Positive sentiments returned to the Nigerian equities market on Wednesday following investors’ interest in Guaranty Trust Holding Company (GTCO) and 18 others. Specifically, the market capitalisation inched higher by N21 billion or 0.10 per cent to close at N22.102 trillion against N22.081 trillion recorded on Tuesday. Also, the All-Share Index which opened at 42,317.52 rose by 39.84 points or 0.10 per...
Yobe Gov, others bag honorary doctorate degrees
The Governor of Yobe State, Mr. Mai Mala-Buni, and other prominent personalities have been conferred with honorary doctorate degrees and award of excellence by the American Heritage University of Southern California in Abuja. The President, Global Scholarship Trust, Dr. John Adeniyi, said that the awardees reflected the core values of the university, while also preparing them to become assets to...
Structural engineer: Why we withdrew service from collapsed Ikoyi building
A structural engineer, Mr. Muritala Olawale, on Wednesday told a Coroner Inquest constituted to investigate the collapsed 21-storey building at Ikoyi, Lagos that he could not vouch for the integrity of the remaining two high-rises (Block A and C). Olawale, the Managing Director of Prowess Engineering Nigeria Ltd., made the revelation while answering questions from counsel to the Lagos State...
Only PDP can save Nigeria from current woes – Obaseki
Governor Godwin Obaseki has declared that only the Peoples Democratic Party (PDP) can rescue Nigeria and place it on the path of economic prosperity and sustainable development. Obaseki stated this when he received members of Atiku Support Group, led by Chief Raymond Dokpesi, who were on a courtesy visit at the Government House, Benin City. According to him, “If Nigeria is...
EFCC detains ex-Fidelity Bank MD over fresh $72.8m linked to Diezani
The Economic and Financial Crimes Commission (EFCC) has arrested a former Managing Director of Fidelity Bank Plc., Nnamdi Okonkwo, over the whereabouts of $72,870,000 hitherto in the coffers of the bank. The money, according to the anti-graft agency, was discovered in the ongoing investigations of former Minister of Petroleum Resources, Diezani Alison-Madueke. Okonkwo, who is billed to resume as Group Managing...
FG arraigns 15 suspects for invading Justice Odili’s residence
The Federal Government, on Wednesday, arraigned 15 suspected invaders of the residence of Supreme Court Justice Mary Odili, at the Federal High Court, Abuja. The suspects were arraigned before Justice Nkeonye Maha on 18-count amended charge bordering on forgery, criminal trespass, intimidation, extortion, among others, contrary to the sections of the law. In the charge marked: FHC/ABJ/CR/436/2021, they were also alleged to...
Senate approves N633.39bn 2022 budget for NCC
The Senate has approved the sum of N633.39 billion as budget for the Nigerian Communications Commission (NCC) for the 2022 fiscal year. The approval followed the consideration of a report by the Committee on Communications on Wednesday during plenary. Chairperson of the Committee, Sen. Oluremi Tinubu (APC-Lagos), in her presentation, said out of the approved sum, N86,242, 952 was for Recurrent...
FG approves pay rise, tax waiver for police
The Federal Executive Council (FEC) has approved a new salary structure for officers and men of the Nigeria Police Force (NPF). Minister of Police Affairs, Maigari Dingyadi, made this known to State House correspondents at the end of the Council meeting presided over by President Muhammadu Buhari in Abuja on Wednesday. According to him, major highlight of the increase is the...
Senate amends rules, approves simple majority for electing presiding officers
The Senate on Tuesday at plenary amended its Standing Rules 2015, and approved a simple majority for the election of presiding officers. It also retained a closed ballot system of voting for the election of the President of the Senate and Deputy. The amendment of the rules followed consideration of a motion pursuant to Order 111 of the Senate Standing Rule,...
MFM FC appoints new Technical Adviser
The Management of Lagos-based MFM FC on Wednesday announced the appointment of former Golden Stars FC coach, Shola Balogun, as the substantive Technical Adviser on a two-year contract. A statement from the Media Office of the Club disclosed that Balogun would be assisted by the chief coach, Gabriel Olalekan. “As we prepare for the 2021/22 Nigerian Professional Football League (NPFL) season...
