By Tony Obiechina, AbujaBarring any last minute hitches, a substantive Director Director General will soon assume duty at the Securities and Exchange Commission (SEC), ending Ms Mary Uduk’s more than two years tenure in acting capacity. He is Mr Lamido Yuguda whose appointment was announced by President Muhammadu Buhari in a letter sent to the Senate on Tuesday requesting the confirmation of Yuguda as the Director General of the Commission. The President also requested the Upper Chambers to confirm athree other nominees, namelyReginald C. Karausa; Ibrahim D. Boyi and Mr. Obi Joseph as full-time Commissioners of the Commission. The appointment ends the controversy…
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By Harry Awurumibe, Editor Abuja Bureau With three days to the end of one week deadline set by the Executive Committee of the Nigeria Football Federation (NFF) to conclude the contract renewal of the Head Coach of the Super Eagles, Gernot Rohr, there is a strong indication that the deal will be sealed earlier than envisaged. This much was disclosed today by Rohr’s aide, Tunde Adelakun who spoke to a private radio station, Brila Sports 88.9 FM from his base in the United Kingdom on the lingering contract renewal of his principal (Rohr) and his role in the Super Eagles. Adelakun who…
Nigerian Postal Services (NIPOST), on Wednesday said the organisation would continue to discharge its responsibilities to the populace in spite of the inferno at its corporate headquarters on Wednesday morning.The General Manager, Communications, Mr Franklin Alao, gave the indication in a telephone interview with News Agency of Nigeria (NAN).NAN recalls that the head office of NIPOST in Garki 2 was engulfed in flames in the early hours of Wednesday causing chaos for some hours in the busy area of Abuja.According to Alao, Nigerians rely on the organisation for many services even as NIPOST is engaged with the distribution of palliatives…
A Federal High Court in Lagos has fixed June 2 to hear an application filed by Sen. Orji Uzor Kalu, seeking his release from prison. The motion on notice will be heard by Justice Mohammed Liman. The News Agency of Nigeria (NAN) reports that Kalu is currently serving a 12 years jail term at the Correctional Service Centre in Kuje, Abuja for allegedly looting N7.2billion belonging to Abia State. He was sentenced by Justice Mohammed Idris on Dec. 5, 2019 , to 12 years imprisonement while his co- defendant, Jonnes Udeogo had bagged a 10 years jail term. Kalu had…
The Federal Executive Council (FEC), has approved and augmented by the sum of N118 million, the completion of the Ose-Akwa Bridge in Anambra.Information Minister Lai Mohammed briefed State House correspondents on behalf the Minister of Works after the virtual FEC meeting anchored from the Presidential Villa, Abuja, on Wednesday.He said that the augmentation amounted to a revised sum of N1.14 billion for the bridge.“The Minister of Works presented a memorandum for the augmentation of the contract for the construction of Ose-Akwa Bridge in Anambra State.“This contract was awarded to Messrs Horizon Construction Company Limited in the sum of N896.9 million.“It…
Fidelity Bank Plc on Wednesday donated N10 million to the Plateau govt COVID-19 Trust Fund. The Regional Head, North Central, of the bank, Mr Sadi Zawuya, while making the presentation at Government House Jos, commended Gov Simon Lalong for his commitment in combating the disease in Plateau. “We want to appreciate and commend the state governor for his efforts in the combat of COVID-19, and on behalf of the board and management of Fidelity, donate the sum of N10 million. “We previously made a donation of N250 million to the federal government and deem it fit to replicate similar gesture…
The Emir of Bauchi, Alhaji Rilwan Sulaiman, has canceled the annual durbar by royal horsemen, popularly known as “hawan daushe”, held a day after Eid-el-fitr (Sallah) in Bauchi. The News Agency of Nigeria reports that the horse parade is a tourism event organised by Emirs in the North, which attracts thousands of people during the sallah festivities. Sulaiman said at the stakeholders’ meeting with the state government on Wednesday in Bauchi that the cancellation of the event was necessitated by the global Coronavirus pandemic. He said the world was faced with the dreaded coronavirus disesase which had caused untold hardship…
Sentiments remained positive on the Nigerian Stock Exchange (NSE) on Wednesday, with the market capitalisation growing by N130 billion due to gains by Dangote Cement. Specifically, the market capitalisation inched higher by N130 billion or 1.03 per cent to close at N12.743 trillion compared with N12.613 trillion recorded on Tuesday. Also, the All-Share Index (ASI) increased by 249.36 points or 1.03 per cent to close at 24,452.23 against 24,202.87 achieved on Tuesday. The uptrend was impacted by gains recorded in large and medium capitalised stocks, among which were; Dangote Cement, Zenith Bank, BUA Cement, Guaranty Trust Bank and Stanbic IBTC…
The Abuja Electricity Distribution Company (AEDC), says it is interfacing with other stakeholders in the electricity value chain to ascertain the loss of supply in its franchise area. AEDC General Manager Cooperate Communication Mr Oyebode Fadipe made this known in a statement in Abuja on Wednesday. Fadipe said that AEDC had observed a complete loss of supply in all its franchise area. “We are currently interfacing with other stakeholders in the value chain to know the likely cause of the outage within the franchise of AEDC. ”We shall inform our customers as soon as we can get more information about…
The Chief of Army Staff (COAS) Lt.-Gen. Tukur Buratai, on Wednesday inaugurated 195 tastefully furnished family units accommodation for troops in Kaduna.The News Agency of Nigeria (NAN) report that out of the 195 buildings, 180 one-bedroom flats were for Corporals and below, while 15 two-bedroom flats were for Senior Non Commissioned officers.The COAS was represented at the inauguration of the remodeled and renovated soldiers accommodation at Ribadu cantonment in Kaduna by Commandant, Nigeria Defence Academy (NBA), Maj.-Gen Jamil Sarhan.Buratai restated that the Nigerian Army, under his leadership, places high premium on the welfare of troops and their families.He added that…