2019: Nigeria’s Stock Market Ends In Red, 2020 Offers Hope

2019: Nigeria’s Stock Market Ends In Red, 2020 Offers Hope

By- Chinyere Joel-Nwokeoma (NAN) With no fewer than six days of trading before the year ends, it is almost certain that transactions on the Nigerian Stock Exchange (NSE) will close in the red zone. The outgoing year is, indeed, turning out to be yet another locust year for both local and foreign investors, due to … Read more

See Why CAC Boss Was Ordered To Step Down

See Why CAC Boss Ordered To Step Down

Azuka Azinge, Acting Registrar of the Corporate Affairs Commission (CAC) has been asked to step down as head of the commission by the Code of Conduct Tribunal (CCT). Ms. Azuka stood trial before CCT on the 23rd of December on an eleven-count charge over fake declaration of assets. She was also arraigned for collecting allowances … Read more

Money Heist: Armed Robbers Trapped Inside Bank, Surrender (VIDEO)

Suspected robbers who took siege of a First Bank of Nigeria branch in the Mpape area of Abuja have been stuck inside the bank building after they were unable to carryout their operation.

Reports say that they broke into the bank in the morning on Saturday guns blazing but got stuck in the bank after learnung that the bank had been surrounded by the police.

Policemen and soldiers ringed the premises after they were deployed to the scene.

Journalists tried to reach the spokesman of the Federal Capital Territory (FCT) police command, Anjuri Manzah, but were unable to

It was later disclosed by the police that four of the alleged robbers were in their custody while one other got the end of the gun as he tried to escape arrest.

The Federal Capital Territory’s police comissionner, Bala Ciroma, disclosed that one of the arrested men was a staff of the bank.

In a phone interview with TheCable, the commissioner said, “We have concluded the operation. Four suspects arrested and one dead. One of them is an insider but we are still investigating.”

 

 

Gombe: Gov. Inuwa Yahaya Signs N130.83bn 2020 Budget

Gombe: Gov. Inuwa Yahaya Signs N130.83bn 2020 Budget

Gombe State Governor, Inuwa Yahaya, has signed the 2020 budget passed by the Gombe State House of Assembly into law. He assented to the bill during a brief ceremony on Friday at the Government House in Gombe, north-east Nigeria. The N130.83 billion Appropriation Act tagged ‘Budget of Change’ has N71.04 billion for capital expenditure while … Read more

Quilox: See Why Shina Peller Was Detained By The Police

Shina Peller

The Lagos State Police Command has disclosed that member of House of Representatives member and club owner, Shina Peller was arrested and detained after he stormed Maroko Police Station with over 50 thugs to remove some vehicles seized by Police at his club. According to the state Police Public Relations Officer, Bala Elkana, Shina Peller’s … Read more

Atleast 19,273 Failed Teachers’ Exams Says Professor Segun Ajiboye

Atleast 19,273 Failed Teachers' Exams Says Professor Segun Ajiboye

The Registrar and Chief Executive of the Teachers Registration Council of Nigeria, TRCN, Professor Segun Ajiboye on Sunday revealed that 53,674 candidates passed the November diet of the Professional Qualification Examination, PQE, organised by the Council to certify teachers in Nigeria. The breakdown of the results, according to the Registrar, showed that 72,947 wrote the … Read more

Group Berates US For Placing Nigeria On Watch List

Donald Trump, the President of the United States, says he added Nigeria and six others to his travel ban list as a result of happenings around the world.

A group identified as the “Coalition Against Terrorism and Extremism,” has berated a report by President Donald Trump‘s the United States, which placed Nigeria under a special watch list of countries. Ekohotblog had reported earlier a statement by Michael Pompeo, the US Secretary of State, had explained that Nigeria was placed on the list for … Read more

Actualizing Safety Law And Regulation, Where Are We?- Barrister Sanusi

Actualizing Safety Law And Regulation, Where Are We- Barrister Sanusi

Secretary to the Lagos State Safety Commission on legal matter, Ms Tola Sanusi has highlighted issues of safety as a critical tool for the development and protection lives and property. READ ALSO: Safety Regulation Key For Effective Judiciary – Lagos Attorney General Ekohotblog reports that Ms Tola Sanusi gave the highlights during her presentation at … Read more

See Why NIS Mandated All Officers To Undergo Drug Tests

Nigeria Immigration Service

….Graduates 509 Officers The Nigeria Immigration Service has mandated all its officers to undergo drug tests to ensure proper handling of weapons. The Comptroller General of the NIS, Mr Muhammad Babandede, disclosed this in a statement by the Service Public Relations Officer, Mr Sunday James, on Saturday in Abuja. He warned officers and men to … Read more

Shell Writes down $2.3bn On Weaker Economic Outlook

Shell Writes down $2.3bn On Weaker Economic Outlook

Royal Dutch Shell said on Friday it expected to write down up to $2.3 billion in the fourth quarter, the latest major energy company forced to shrink estimates for sector values due to a weaker economic outlook. In a trading update ahead of full year results, Shell also lowered its oil products sales forecast, pointing … Read more

Reps Approve N278bn Budget For FCT, N238bn For Customs

House of Representatives

The House of Representatives has approved the budget of the Federal Capital Territory for 2020, totalling N278,355,365,947. Out of the figure, N55,878,241,095 is set aside for personnel cost and N62,343,723,435 for overhead cost, while the balance of N160,133,401,417 is for capital expenditure. The approval followed the adoption of the report by the Committee on FCT … Read more

FG To Hike Electricity Tariff, See Why

FG To Hike Electricity Tariff, See Why

The Minister of Power, Saleh Mamman has revealed that Nigerians will start paying more on electricity supply as the Federal Government plans to boost power supply. According to Mamma, improvement in electricity supply necessitated the need to increase the electricity tariffs. Already, there is ongoing tariff reform in the power sector for the eleven power … Read more

US Places Nigeria On Special Watch List, See Why

Donald Trump, the President of the United States, says he added Nigeria and six others to his travel ban list as a result of happenings around the world.

Donald Trump, the President of the United States, has placed Nigeria on a special watch list of nations involved in or tolerated religious persecution. Ekohotblog reports that this was made known in a statement on Friday. December 20 by the Secretary of State Michael Pompeo. This online news medium understands that Nigeria was added to … Read more

Nigerian Governors Visit Dangote Refinery, Lekki

Nigerian Governors Visit Dangote Refinery, Lekki

Eleven Nigerian governors on Friday stormed the Dangote Refinery and Petrochemicals in Lekki, Lagos to have on the spot assessment of the massive project. The governors are Ahmadu Umaru Fintiri (Adamawa), Okezie Ikpeazu (Abia), Mallam Nasir El-Rufai (Kaduna), AbdulRahman AbdulRasaq (Kwara), Prince Dapo Abiodun (Ogun), Godwin Obaseki (Edo), Dr. Kayode Fayemi (Ekiti), Babajide Sanwo-Olu (Lagos), … Read more

Stanbic IBTC Wins CIPM Awards

Stanbic IBTC Bank PLC

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has received double honours at the HR Best Practice Awards organised by the Chartered Institute of Personnel Management (CIPM). The event took place at the Eko Hotel & Suites, Victoria Island, Lagos recently. The foremost financial institution emerged as the winner of the ‘Most … Read more

Opinion: Yuletide And Hassles Of Transportation

Opinion: Yuletide And Hassles Of Transportation

By Ayodele Omoniyi ( correspondent)  Few seasons witness the mass movement of people, over a sustained long period, as Christmas time. Defiant of economic depression, the months adjacent to Christmas season, fatally dubbed as ember months, always have been characterised by millions of crisscrossing commuters in pursuit of business interests, social engagements, family reunions, and … Read more

Nigeria Commercializes First Improved Food Crop

Food Crop

The Federal Government has approved registration and release of a new Pod Borer Resistant (PBR) Cowpea variety for commercialization. The approval was granted by the National Committee on Naming, Registration and Release of Crop Varieties, chaired by Mr. Oladosu Awoyemi.The meeting held in Ibadan, Oyo State. The new cowpea variety, SAMPEA 20-T, was developed by … Read more

C’River Clash: 12 Feared Dead, 18 Hospitalised

C’River Clash: 12 Feared Dead, 18 Hospitalised

At least 12 persons were feared dead and 18 others hospitalised on Thursday following a communal clash between the Ebom and the Usumutong in the Abi Local Government Area of Cross River State. It was gathered that the clash started around 5am and resulted in the burning of several houses. It was alleged that the … Read more

Police Arraign 14 Traffic Offender, Impound 16 Vechicles

Police Arraign 14 Traffic Offender, Impound 16 Vechicles

The Lagos State Police Command has arraigned 14 persons before a mobile court for violating traffic laws in the state. The spokesperson for the command, Bala Elkana, also said 16 vehicles had been impounded, adding that the clampdown on traffic law violators in the state was to restore sanity to Lagos roads. He identified the … Read more

42 Year Old Father Impregnates Teenage Daughter

Father

Men of the Ogun State Police Command have arrested a 42-year-old man, Taofeek Oyeyemi, for allegedly impregnating his 16-year-old daughter. It was gathered that Oyeyemi took the victim to a quack doctor to procure abortion after discovering that she was pregnant for him. The suspect is said to be a father of 17 children from … Read more