Month: August 2021

Customs intercepts vehicle with pistol at Lagos port Bayo Akomolafe

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Nigeria Customs Service (NCS), Tin Can Island Command, has intercepted a  pistol inside an  imported 2003 Toyota Camry  during clearing from the Car Park C’ of the Tin Can Port. Car Park ‘C’ is owned by Five Star Logistics Terminal. It was gathered  on Sunday  that the vehicle was intercepted by the officer in charge of Car Park C, Assistant Comptroller, Usman. Subsequently, the agent and importer  were arrested and  handed over to the enforcement team of the Tin Can Customs Command. Confirming the report,  the spokesman of the command,…

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FCMB, Mercy Corps to uplift farmers, vulnerable in North East

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About 500,000 farmers and vulnerable people in Nigeria’s North-East zone can now access farming friendly and demand-driven financial services.  It is the result of First City Monument Bank’s (FCMB) partnership with Mercy Corps, a frontline international aid organisation.  A bold and landmark intervention, the partnership supported by USAID-funded Feed the Future Nigeria Rural Resilience Activity, will deliver funding and capacity-building support to smallholder farmers and vulnerable people living in the conflict-affected states of Adamawa, Borno, Gombe and Yobe. The Feed the Future Nigeria Rural Resilience Activity aims to facilitate and…

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NGX reclassifies United Capital to medium price stock group

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Trading License Holders have been notified of the reclassification of United Capital Plc from the Low-Priced Stock Group to the Medium-Priced Stock Group, in line with The NGX’s Pricing Methodology framework. According to a notification by the Nigerian Exchange  Limited, equity securities of quoted companies on the NGX are classified into three Stock Price Groups or Categories – High-Priced, Medium Priced, and Low-Priced Stocks, based on their market price. In this regard, securities must have traded for at least four out of the most recent six month period within a Stock…

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Power: NERC faults report on ECR suspension

Dorothy Ewa

Following reports making the rounds that the Eligible Customer Regulation (ECR) has been suspended, the Nigerian Electricity Regulatory Commission (NERC) said that it was not true and that at no time had the commission issued a directive for discontinuation of service to any customer. In a statement made available to journalists yesterday, the commission said that its attention was drawn to the report in both electronic and print media that the ECR issued by the commission in 2018 had been suspended. The ECR was designed to provide a very simple process…

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H1: Zenith Bank posts N117bn pre-tax profit

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Zenith Bank Plc has announced its audited results for half-year ended 30 June 2021, recording positive growth across key financial metrics despite a challenging macroeconomic environment exacerbated by COVID 19. According to the financial results presented to the Nigerian Exchange (NGX), the Group recorded a growth in profit before tax of three per cent from N114 billion reported in H1’20 to N117 billion in H1’21. The Group also recorded a nine per cent growth in non-interest income from N116 billion in June 2020 to N127 billion in June 2021. Overall, the…

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Pope Francis saddened by ‘brutal attack’ which killed Catholic nuns in South Sudan

JUSTINA EMMANUEL OKPARA

Pope Francis has sent his condolences after a violent attack on a group of Catholic religious sisters and others in South Sudan left five dead on Monday. “His Holiness Pope Francis was deeply saddened to learn of the brutal attack on a group of Sisters of the Sacred Heart of Jesus,” the Aug. 17 message said. A road ambush along a highway in South Sudan Aug. 16 resulted in the deaths of five people, including Catholic nuns, Sr. Mary Daniel Abud and Sr. Regina Roba. The two were among a…

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Pension Assets: Investment In FG Securities Gulps N444bn In 5 Months

JUSTINA EMMANUEL OKPARA

  As pension assets under the contributory pension scheme continue to grow, investment in Federal Government’s securities has also sustained its increase being the highest and most attractive portfolio for the fund managers Findings by New Telegraph revealed from the data released by the National Pension Commission (PenCom) in August that as of May this year, the total investment in Federal Government’s Securities peaked at N8.347 trillion from N8.107 trillion in January. A breakdown of the investments showed that within the five-month period, a total of N444 billion was added…

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Kingsley Kuku arrested in Amsterdam over child porn

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A former Special Adviser to former President Goodluck Jonathan on Niger Delta Affairs, Kingsley Kuku, has been arrested in Amsterdam, The Netherlands over child pornography complaints. According to information, Kuku reportedly circulated child pornography materials in 2018. The former Chairman of the Presidential Amnesty Programme was arrested on Wednesday at Amsterdam Airport Schiphol, while on his way to London, United Kingdom. “Kingsley Kuku was arrested in Amsterdam,” a top government source privy to the incident said “His warrant was executed over child pornography complaints. He was arrested on his way…

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Faith Oyedepo: Wives Who Question Husband’s Position Are Under Demonic Influence

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    Wife of President, Living Faith Church Worldwide, Mrs. Faith Oyedepo, has said any woman or women organisation that attempts to question the position of a man in a family should be seen as being under demonic influence. The renowned pastor’s wife said women should be in subjection to their husbands in everything. She shared this thought on her Istagram page, saying ”Any woman or women’s organization that attempts to question the position of the man in the family should be regarded as being under a demonic influence. God…

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