- NICON Insurance faults report on Senate summon
NICON Insurance Limited has faulted a report on its invitation to the Senate over failure to remit pension fund to the Pension Transitional Arrangement Directorate. In a statement titled, ‘NICON Insurance faults report on senate summon’, the insurance firm recalled the report, which stated that the Nigerian Senate had summoned the firm over ‘Failure to remit N17.4bn pension fund to PTAD’. To read more, click HERE
- Federal Govt to clear all backlog of passport applications before May 31, Aregbesola pledges
FG to collaborate with private security firms to curb insecurity —Aregbesola Ukpono Ukpong, Abuja Minister of Interior, Rauf Aregbesola, has pledged that all backlog of Passport applications and issuance will be cleared latest May 31st. Aregbesola made the pledge when he received the Chairman, Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa and Management Staff of the Commission in Abuja. To read more, click HERE
- 48 hours after killing of 3 Kaduna varsity students: Gunmen kill medical doctor, 7 others, abduct worshippers
Barely two days after killing three students of Greenfield University, have gunmen attacked Haske Baptist Church in Manini Tasha village, Kuriga Ward in Chikun local government area of Kaduna state. Similarly, some gunmen also killed six people in Bagoma village, Birnin Gwari local government area, and a woman in Amfu village in Kachia local government area, both in the state.
To read more, click HERE
- Nigerian Shippers, Port of Antwerp Mull Seaport Development Initiatives
The Nigerian Shippers’ Council (NSC) and the management of Port of Antwerp International have pledged to work together to develop ideas and explore ways decongest the Lagos ports. This was disclosed during a courtesy visit by the Manager, Port Projects, Port of Antwerp International, Belgium, Mr. Philippe Droesbeke, to the NSC headquarters in Lagos, recently. To read more, click HERE
- ‘Proposed Escravos Deep Seaport to Attract $50bn FDI to Nigeria’
Promoters of the proposed Escravos Seaport Industrial Complex (ESIC – 1) have revealed that the $2.9 billion (N1.16 trillion) project will attract $50 billion (N20 trillion) in Foreign Direct Investment (FDI) to Nigeria when completed and operational. The owner of the project, Mercury Maritime Concession Company (MMCC) Limited, while unveiling the plan at a stakeholders’ forum held in Lagos over the weekend, said the $2.9 billion seaport at Escravos, Delta would help to decongest Lagos ports. To read more, click HERE
- Trading Value Soars 292%, Investors Stake N42bn on Shares
The stock market attracted N42.142 billion invested in 1.602 billion shares in 19,507 deals last week. This was an increase of 292 per cent compared with the N10.759 billion staked on 1.263 billion shares in 19,975 deals the previous week. Equally, the NGX All-Share Index rose 1.27 per cent to close higher at 39,301.82. To read more, click HERE
- Investors Begin Trading of Nigerian Exchange Group’s Shares
The shares of Nigerian Stock Exchange Group (NGX Group) have begun to provide liquidity for shareholders following its listing on the NASD OTC. The company, formerly known as the Nigerian Stock Exchange (NSE) was demutualised in March. Following the demutualisation, NGX distributed 1,964,115,918 ordinary shares of 50 kobo each to over 200 dealing members and additional Ordinary members, who have now become shareholders. To read more, click HERE
- APC’ll chase PDP out of S’South in 2023 –Omo-Agege
Deputy Senate President, Ovie Omo-Agege, at the weekend, said the All Progressives Congress (APC) would dislodge the Peoples Democratic Party (PDP) from most states in the South South in 2023. Omo-Agege specifically described Delta State as a low hanging fruit for APC to pluck, saying the dividends of democracy provided by the APC-controlled Federal Government to Deltans would attract votes from the people in 2023. To read more, click HERE
- FG, World Bank at loggerhead as Nigeria spends $1.5b on electricity
As the Federal Government spends nothing less than $1.5b to meet the shortfall in the nation’s electricity sector, Special Adviser to the President on Infrastructure, Ahmad Rufai Zakari, Monday said the survey conducted by the World Bank, which claimed that 78 per cent of power consumers in Nigeria get less than 12 hours of daily supply of electricity was baseless. To read more, click HERE
- Group drums support for Omo-Agege 2023 gov bid in Delta
A socio-political group, Agege New Delta Model (ANDEM), has canvassed a structural change in the administration of Delta State in 2023. It lamented that Delta at 30 years had remained crawling without the necessary infrastructural development. To read more, click HERE