The Nation Newspaper Today Headline Tuesday 17th March 2020
The Nation Newspaper Today Headline and news Dailies Update on current affairs happening now in Nigeria today 17/03/20
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CBN okays N22b for entertainment industry, others
From Bassey Anthony, Uyo The Central Bank of Nigeria (CBN) plans to invest N22 billion in the entertainment industry and software manufacturing. Its Director of Corporate Communications, Mr Isaac Okorafor, who spoke during a one-day Interactive Session with Stakeholders on the five-year policy thrust of the CBN during the weekend in Uyo, Akwa Ibom State
Pastor denies paying woman for fake miracle
By Adebisi Onanuga Pastor Chris Okafor of Mountain of Liberation and Miracle Ministry, aka Liberation City, Ojodu Berger, Lagos has dissociated himself from claims of performing fake miracle on a woman, Bose Olasunkanmi, alleged to have been paid for the purpose. Five pastors, including Pastor Okafor, were alleged to have paid and used same woman
Lagos Assembly passes vote of confidence in Obasa
By Oziegbe Okoeki The Lagos State House of Assembly at plenary on Monday passed a vote of confidence in the Speaker, Mudashiru Obasa. The lawmakers praised the Speaker on the way he had handled the affairs of the House which is currently embroiled in crisis since last week, due to the removal of two principal
SEC begins new investors’ identification regime
By Taofik Salako, Deputy Group Business Editor Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), will on April 1, begin enforcement of a new investors’ identification regime aimed at enhancing transparency in the capital market and forestall the recurring incidence of unclaimed dividend. In a circular, the apex regulator stated that no transactions
Nigerian equities open with N15.1b loss
By Taofik Salako, Deputy Group Business Editor Nigerian equities reopened on Monday with a tinge of bargain-hunting with improved premium orders for several stocks. Losses by highly capitalised stocks in the banking and industrial goods sectors however overshadowed the market situation. With 18 gainers to 14 losers, losses by large-cap stocks weighed on overall benchmark
Nigeria’s top 10 companies lose N2.43tr amid price crash
By Taofik Salako, Deputy Group Business Editor Nigeria’s 10 largest companies by market capitalisation lost more than N2.43 trillion in six weeks as global scare caused by the spread of Coronavirus and subsequent crude oil crash fuelled major selloffs in the Nigerian equities market. Market analysis showed that market value of the 10 most capitalised
Nuhu takes over as NCAA DG
By Kelvin Osa Okunbor The new Director-General, Nigerian Civil Aviation Authority (NCAA), Capt. Musa Shuaibu Nuhu, on Monday assumed duties as chief executive of the regulatory body. The brief handover, which was superintended by the Acting Director-General, Capt. Sidi Abdullahi, held at the Conference Room, Aviation House, Ikeja. Read Also: Coronavirus: NCAA harmonizes preventive measures at
Stakeholders back TCN’s request for spinning reserve
From John Ofikhenua, Abuja Stakeholders in the Nigeria Electricity Supply Industry (NESI) have expressed support for the procurement of a spinning reserve for a stable national grid and and a reduction of frequent system collapses. Speaking in Abuja in the panel on the Transmission Company of Nigeria (TCN) the Nigerian Electricity Regulatory Commission (NERC), Vice
‘Institutional issues hold refineries down’
From John Ofikhenua, Abuja The Society of Petroleum Engineers (SPE) Nigerian Council on Monday blamed institutional challenges for the inability to fix the nation’s refineries. It ruled out the question of technical challenges from the issues bedeviling the entities. Speaking to reporters in Abuja on its forthcoming Oloibiri Lecture and Energy Forum Series, Chairman of
E-commerce sector takes Coronavirus hit
By Lucas Ajanaku The rampaging coronavirus pandemic has started taking its toll on the ecommerce sector in Africa. As a result of the virus, Kenya Airways suspended flights to China, which accounts for the country’s 21 per cent imports. Meanwhile, e-commerce platform Jumia, has entered into a major partnership with Reckitt Benckiser, the global health
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