archive2019

The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr Oscar Onyema on Tuesday said that the upward review of the paid-up capital in the insurance industry would strengthen the growth and development of the sector. Onyema made the remark at the NSE Insurance Sector Forum with the theme: Recapitalisation: A...

The free fall of equities persisted on the Nigerian Stock Exchange (NSE) on Tuesday with the market capitalisation losing N143 billion in about six hours of trading. Specifically, the market capitalisation which opened at N12.877 trillion dipped N143 billion or 1.11 per cent to close at N12.734 trillion. Also, the...

Nine senior officials of the Federal Inland Revenue Service (FIRS) are currently in detention over alleged multi-billion naira fraud. The officials, who are being detained by the anti-graft agency (EFCC) in Abuja, include the Director of Finance and Accounts (DFA) of the FIRS, Mohammed Auta. According to Premium Times report,...

The National Human Rights Commission has awarded CLEEN Foundation (formerly known as the Centre for Law Enforcement Education in Nigeria) the 2019 Human Rights Award for immense contributions in strengthening law enforcement agencies for the protection of human rights in Nigeria. Receiving the award on Sunday at Sheraton Hotel and...

Chile’s Air Force on Tuesday said one of its cargo planes had crashed with 38 people on board after going missing in an isolated area between South America and the Antarctic. The Air Force added that a rescue team was searching for survivors. The Hercules C130 aircraft took off at...

President Buhari has written to the Senate, seeking for the screening and confirmation of Edward Adamu as Chairman, Asset Management Corporation of Nigeria (AMCON) in replacement of Muiz Banire who was holding the position. The letter dated December 9, 2019, reads: “In accordance with Section 10(1) of the Asset Management...

A bill seeking to reduce frequent accidents by petroleum trucks on Nigerian roads on Tuesday scaled through the second reading in the Senate. The bill, sponsored by Senator Ifeanyi Ubah (YPP, Anambra South), seeks to make consequential provisions towards safe transportation of petroleum products across the country. In his lead...

Orji Kalu entitled to his full salaries and allowances in prison – Senate The Nigerian Senate has said that the seat of Orji Uzor Kalu as the Chief Whip of the Senate will not be declared vacant even though he has been convicted by the Federal High Court Lagos. The...

The Senate on Tuesday received a formal request from President Muhammadu Buhari for the confirmation of Muhammad Mamman Nami as the Executive Chairman of the Federal Inland Revenue Service (FIRS). The request, which was contained in a letter dated December 9, 2019, was read on the floor by the President...

Leaked document has shown that the immediate past Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, begged President Muhammadu Buhari to renew his tenure which it expired on Monday. In the letter dated December 9, 2019, Fowler wrote a letter to the Secretary to the Government of...