The Nation Newspaper Today Headline Wednesday 19th February 2020
The Nation Newspaper Today Headline and news Dailies Update on current affairs happening now in Nigeria today 19/02/20
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Experts make case for more purposeful budgeting
By Taofik Salako, Capital Market Editor Finance and economic experts have called on the government to improve its budgeting process and lay emphasis on key enablers that could jumpstart the growth and development of the Nigerian economy. This was the highpoint of the seminar on Budget 2020 organised by the Securities and Exchange Commission (SEC)
Investors must avoid assets mismatch, says Sanni
By Taofik Salako, Capital Market Editor Investors must avoid undue concentration of their portfolios and improper allocation of capital between short and long-term assets to reap optimally in the new business year. Speaking on the 2020 global economic outlook at a breakfast meeting organised by the Chartered Institute for Securities and Investment (CISI), Chief Executive
Nigerian Breweries to pay N16.1b net profit as dividend
By Taofik Salako, Capital Market Editor The Board of Directors of Nigerian Breweries (NB) Plc has decided to pay the entire net profit of N16.01 billion recorded in 2019 to shareholders as cash dividends for the business year. Shareholders will receive a total dividend per share of N2.01. The company had paid interim dividend of
SEC urges govt to use incentives to stimulate investments in key sectors
By Taofik Salako, Capital Market Editor THE Securities and Exchange Commission (SEC) has canvassed for a strong incentive programme that will help to stimulate much-needed private investments in the key sectors of the Nigerian economy. Its Acting Director-General, Ms Mary Uduk, said while the recent Finance Act made some commendable initiatives supportive of the capital
FIRS solicits Lagos support for revenue target
By Oziegbe Okoeki THE Federal Inland Revenue Service (FIRS) on Tuesday solicited the support of Lagos Inland Revenue Service (LIRS) to meet the N8.5trillion target given to it by President Muhammadu Buhari to fund the 2020 budget. It also said some multinational companies refused to declare their profits, thereby defaulting in tax payment since 2011.
Allianz settles claim in 60 minutes
By Omobola Tolu-Kusimo Allianz Nigeria Insurance plc, has launched a new initiative called “The 60-minute Revolution”. This ensures that customers experience faster claims resolution within 60 minutes. Its Executive Director, Owolabi Salami, who spoke with reporters yesterday, said it would no longer be business as usual as customers would have their motor claims settled within
Govt seeks foreign investors
By Charles Okonji The Minister of Science and Technology, Dr. Ogbonnaya Onu, has urged the international community to invest in the new Methanol Fuel Production Technology (MFPT) technology. Speaking on Africa’s employment perspective towards 2040 at German Development Institute in Bonn, Germany yesterday, Onu said Nigeria wants local and foreign entrepreneurs as well as investors
Protests rock RMAFC
From Nduka Chiejina, (Asst. Editor), Abuja Workers of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Tuesday disrupted activities at the Commission when they clashed with the Commissioners. It was gathered that trouble had been brewing in the Commission for some time but it came to a head yesterday afternoon when the workers said
Traders protest forceful relocation
From Emma Elekwa, Onitsha Traders in the electrical/electronics market on old Nnewi-Onitsha Road, Nnewi, Anambra State, have protested closure and relocation of the market. The protesters, about 2,000, complained the new site was not built to their taste. Chairman of Diago/Okeke Line Kenneth Offodum regretted security operatives did not allow them to access their
Ayade restates commitment to health care, immunisation
By Nsa Gill, Calabar Opens health centre in Yala council ‘Award will spur me to do more’ Cross River State Governor Ben Ayade has opened a Primary Health Centre in Uchu-Yache, Yala Local Government. He also kicked off the 2020 National Immunisation Plus Days. Ayade, who was represented by his deputy, Prof Ivara Esu, urged
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