archiveJune 2020

Activities on the nation’s bourse closed on the last trading day of June with a loss of N198 billion due to month-end rebalancing. Specifically, the market capitalisation, which opened at N12.967 trillion, shed N198 billion or 1.53 per cent to close at N12.769 trillion. The All-Share Index (ASI) lost 379.67...

First Bank of Nigeria Limited on Tuesday reiterated commitment to human capital investment, to create a strong succession plan that would take the bank to the next level. Dr Adesola Adeduntan, the bank’s Chief Executive Officer, disclosed this at First Bank Management Associates Programme (FMAP) virtual graduation ceremony held in...

The Association of Nigerian Electricity Distributors (ANED) on Tuesday said the suspension of proposed service reflective tariff was initiated by the National Assembly (NASS) due to their concerns on its timing. Mr Sunday Oduntan, the ANED’s Executive Director, Research and Advocacy, made this clarification in a statement in Abuja. Oduntan...

The Confederation of African Football Executive Committee on Tuesday announced the postponement of the 2021 Africa Cup of Nations. It said the competition will now hold in Cameroon in January 2022. The decision was reached after the committee met via video-conference to discuss the future of competitions and other related...

Shareholders of Skyway Aviation Handling Company PLC (SAHCOL) on Tuesday approved 16.50k per share dividend totalling N223.34 million for the financial year ended Dec. 31, 2019. The shareholders unanimously gave the approval at the company's 10th Annual General Meeting (AGM) held by proxy in Lagos. Speaking at the meeting, Dr...

Justice Sikiru Oyinloye of Kwara State High Court, Ilorin, on Tuesday, June 30, 2020 convicted and sentenced 19-year-old Chemistry undergraduate of University of Ilorin, Ajayi Joshua Oluwatobi to nine months imprisonment for defrauding three fellow students who were seeking accommodation. The convict was prosecuted on three count-charges by the Ilorin...

The chairman of Cadbury Nigeria Plc Mr Atedo Peterside has resigned Peterside’s resignation is contained in a letter addressed to the directors of the company and dated June 29, 2020. The banker, founder of Stanbic IBTC bank, was named non-executive chairman of Cadbury in 2010. “The Board of Cadbury is...

There was drama on Tuesday following a shouting match between members of the National Assembly Joint Committee on Labour and the Minister of State, Labour and Employment, Mr. Festus Keyamo, SAN. Kayamo had appeared before the joint committee to brief the lawmakers on the Federal Government’s Special Public Works Programme...

Lagos State Governor, Mr Babajide Sanwo-Olu, on Tuesday, swore in Mr David Famuyiwa as the new Chairman, Agbado/Oke-Odo Local Council Development Area (LCDA). Famuyiwa, the former Vice Chairman of the LCDA, was sworn in due to the death of the former Chairman, Dr Augustine Arogundade, on Tuesday, June 2. Sanwo-Olu...

The Nigeria Youth Advocacy for Good Governance Initiative (NYAGGI), has described the Acting Chairman of the Economic and Financial Crimes Commission (EFCC) Mr Ibrahim Mustapha Magu, as an icon of humanitarian services and role model to Nigerian youths. The group made the description on Tuesday, June 30, 2020 in Abuja,...