Breaking News in Nigeria Today Wednesday 4th March 2020
Here are some of the Breaking News in Nigeria Today Wednesday 4th March 2020 on some of the nation newspapers .
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Stakeholders endorse demutualisation of NSE
?Ogunbanjo, Onyema, Okereke-Onyiuke laud development M embers of the Nigerian Stock Exchange (NSE), yesterday in Lagos, passed requisite resolutions for the demutualisation of the Exchange at a Court Ordered Meeting (COM) and an Extraordinary General Meeting (EGM). This is just as the former Director General of the Exchange, Prof. Ndi Okereke-Onyiuke who kick-started the process of the demutualization, noted that the development would mobilize fund that would enable it execute capital projects without depending on government aid. Demutualisation is the process through which any…
Coronavirus: Emirates airline asks staff to take one month unpaid leave
A major international airline, Emirates, yesterday asked staff to take unpaid leave for up to a month at a time due to the rapidly spreading coronavirus that has led to flight cancellations around the world. Emirates had so far cancelled flights to Iran, Bahrain and to most of China because of the virus and countries around the world have placed strict restrictions on the entry of foreigners. According to its Chief Operating Officer, Adel al-Redha, the airline has more resources than it needs as a result of cutting…
SEC insists on curbing Ponzi schemes
T he Securities and Exchnage Commission, SEC, has restated its resolve to ensure that illegal fund managers in the country are not allowed to operate. This was stated by the Acting Director General of the SEC, Ms. Mary Uduk, while speaking in Abuja. Represented by the Head, office of the Chief Economist, Mr. Okechukwu Umeano, Uduk said the enforcement department of the commission had intensified efforts to close these ponzi schemes and prosecute the promoters. According to her, “also, the commission continues to create awareness…
NSE halts losses, gains N232bn
RESPITE All-Share Index gained 289.63 basis points or 1.70 per cent to close at 26,255.11 as against 25,816.57 recorded the previous day A ctivities at the Nigerian Stock Exchange (NSE) closed positive yesterday, reversing prior days of negative sentiments following gains recorded mainly by blue chip stocks. The key market performance measures, the NSE All Share Index and market capitalisation, rose by 1.70 per cent to close the trading session positive as market sentiments returned to gaining streaks following investors’ sustained optimism on undervalued stocks. …
Investors lose N412bn in bank stocks
PANIC Nigeria is vulnerable to the spread of the COVID-19 virus as one of its major trading partners China, is at the centre of the virus Investors in banks quoted on the main board and premium board of the nation’s stock market have reportedly experienced a cumulative loss of about N412 billion during the month of February 2020 following sustained sell-off as panic over coronavirus hits the equities market. The stocks recorded the loss despites signals of impressive year earnings results that have started trickling into the…
Kaduna Assembly dissolves standing committees, constitutes ad-hoc ones
F ollowing the recent change of leadership in the House, the Kaduna State House of Assembly yesterday dissolved its standing committees and immediately constituted three ad-hoc committees. The leadership of the House disclosed that the ad – hoc committees would be in charge of the affairs of the house until new standing committees were constituted. The dissolution followed the change in the leadership of the house as a result of the forced resignation of the former Speaker of the House, Aminu Shagali. Presiding over the sitting,…
WAEC posts 32.2% pass in 2020 January/February Diet
T he West African Examinations Council (WAEC) has announced a 32.23 per cent pass in the West African Senior School Certificate Examination (WASSCE) for Private Candidates, 2020 – first series. According to the Head of the Nigeria National Office of WAEC, Mr. Olu Adenipekun, the percentage represented a total of 3,892 candidates that obtained credit and above in a minimum of five subjects including English Language and General Mathematics. Announcing the results for the 2020 January/February Diet, at the newly commissioned Human Resource Management Complex, Jibowu,…
Air pollution could reduce life expectancy
R esearchers led by Germany said long-term exposure to air pollutants was found to predominantly kill by negatively affecting the heart and blood vessels, which supply the brain. According to the findings of their new study published in the journal ‘Cardiovascular Research,’ the team said that ambient air pollution is one of the ‘main global health risks’. To this end, they said air pollution was reducing global life expectancy by three years, killing 8.8 million people a year. Lead author of the study Professor Jos…
Mother Language Day: Experts advocate promotion of indigenous languages
T he Centre for Black and African Arts and Civilisation (CBAAC) in collaboration with Voice of Nigeria (VON) and Nigerian Film Corporation (NFC), penultimate Friday, in Lagos, joined the rest of the world to commemorate this year’s International Mother Language Day. The International Mother Language Day is celebrated every year on 21st February. The main purpose of celebrating this day is to promote the awareness of language and cultural diversity all across the world. It was first announced by UNESCO on November 17, 1999. Since then it is…
NASS Panel threatens to sanction NIMASA DG
Peterside: We had a clash of schedule T he National Assembly Joint Committee, probing the activities of foreign vessel owners, yesterday, walked out the representatives of the Nigerian Maritime Administration and Safety Agency (NIMASA), from a public hearing. The Committee was angered by the failure of the Director-General of the agency, Mr. Dakuku Peterside, to honour its invitation yesterday. Consequently, the enraged Panel, threatened to invoke its constitutional powers to sanction Peterside, if he failed to honour the rescheduled meeting by personally appearing before…
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