Tag: Nigerian Newspaper

  • NSE market indices post marginal growth

    NSE market indices post marginal growth

    Trading activities on the Nigerian Stock Exchange ( NSE ) closed for the week on Friday with a marginal growth of 0.08 per cent, following price appreciation posted by Nestle Nigeria.

    All-Share Index rose marginally by 34.43 points or 0.08 per cent to close at 42,638.83 compared with 42,604.40 achieved on Thursday.

    Also, the market capitalisation grew by N12 billion or 0.08 per cent to close at N15.301 trillion against N15.289 trillion posted on Thursday.

    A breakdown of the price movement indicated that Nestle led the gainers’ table with a gain of N55 to close at N1,400 per share.

    NASCON followed with a gain of N1 to close at N21, while Zenith International Bank garnered 35k to close at N32 per share.

    Transcorp Hotel also appreciated by 35k to close at N7.55, while Cadbury increased by 30k to close at N15.10 per share.

    Conversely, CAP led the losers’ chart, shedding N1.70 to close at N35.25 per share.

    Nigerian Breweries trailed with a loss of 40k to close at N131, while Access Bank was down by 30k to close at N12.60 per share.

    Ecobank Transnational declined by 25k to close at N 19.75, while United Bank for Africa depreciated by 20k to close at N12.15 per share.

    However, the volume of shares traded rose by 32.62 per cent, while the value traded improved by 28.34 per cent when compared with figures recorded on Thursday.

    Investors bought and sold 815.85 million shares worth N8.06 billion in 4,808 deals.

    This was against the 615.18 million shares valued at N6.28 billion traded in 5,904 deals on Thursday.

    Linkage Assurance was the most active stock, exchanging 300.77 million shares worth N246.80 million.

    Trans nationwide Express followed with an account of 199.33 million shares valued at N155.48 million, while International Breweries traded 57.38 million shares worth N3.20 billion.

    Stanbic IBTC sold 31.54 million shares valued at N1.45 billion, while Zenith International Bank traded 27.48 million shares worth N879.24 million.

    NAN

  • UNESCO urges youths to restore Pan-Africa through ICT

    UNESCO urges youths to restore Pan-Africa through ICT

    The United Nations Educational, Scientific and Cultural Organisation ( UNESCO ) has advised African youths to tap into the power of the Information and Communication Technology ( ICT ) for the development of  the continent.

    Mr Yao Ydo, the Regional Director of UNESCO, gave the advice in an interview on Friday in Lagos.

    He spoke on the sidelines of the maiden edition of the Association of Communication Scholars and Professionals of Nigeria ( ACSPN ), Eminent Persons Strategy lecture series.

    The event held at Caleb University, Imota, Lagos, was themed: “The 21st Century Youths and the Future of Communication in Africa”.

    Ydo said embracing Pan-Africanism was necessary because most African countries, except for Nigeria, were unable to make a head way because they “are too small and weak’’.

    He said while the older generation, through the UN might have failed the continent, the present youths must come together and build a united Africa.

    “Build a United Nations by thinking Pan-African and less like Nigerians; build a genuine integrated Africa that the adults failed to do.

    “Think of becoming friends with other Africans outside your jurisdiction, using the social media and ICT.

    “Build a United Africa nationality and citizenship because the future of African nations depends on your togetherness,’’ the UNESCO chief said.

    He expressed regret that the era when people travelled within African countries without travel visas had been phased out.

    According to him, the free movement hitherto enjoyed during that period was an avenue to strengthen Pan-African.

    “Notwithstanding with the emergence of ICT and social media now, we can reawaken the relationship online, even without travelling and we can build a united continent.’’

    He said Africans would overcome their challenges “if we embrace togetherness and revive Pan-African.’’

    NAN

  • UNILAG matriculates 9,204 for 2017/2018 academic session

    UNILAG matriculates 9,204 for 2017/2018 academic session

    A total of 9,204 students, who had been screened, were formally admitted into various academic disciplines of the University of Lagos ( UNILAG ) for the 2017/2018 academic session on Friday.

    Prof. Oluwatoyin Ogundipe, Vice-Chancellor of the institution administered the oath of allegiance to the new students.

    The ceremony was held amidst tight security as armed personnel were seen at strategic places around the venue.

    The tight security might not be unconnected with a threat by the non-teaching staff of labour unions of the institution that are currently on indefinite strike.

    In his brief address, Ogundipe congratulated the students for their success in enrolling into the university.

    He urged them to stay off drugs, robbery and any other vices capable of compromising their stay in the institution and ruining their future career.

    “I want to admonish you all to stay focused; take your academics seriously in order to graduate peacefully as and when due.

    “You must all carry yourselves well; eschew all forms of violence by staying away from bad gangs.

    “Always be of good behaviour so as to prove a worthy ambassador of this great university and a pride to your parents and the society in general,’’ he said.

    NAN

  • 2019: Election budget ready in 7 days – INEC Chairman

    2019: Election budget ready in 7 days – INEC Chairman

    Prof. Yakubu Mahmood, the Chairman, Independent National Electoral Commission (INEC) on Friday said that the 2019 General Elections budget would be ready in seven days.

    Mahmood disclosed this in his in an address of welcome at a Two-Day 2019 Election Project Plan (EPP) Implementation for the senior management staff of the commission in Lagos.

    “It is exactly a year today to the 2019 General Elections scheduled for Feb. 16, 2019, the commission has developed a strategic plan and programme of actions (2017-2021), in full consultation with stakeholders.

    “In order to implement the plan, the commission then developed detailed activities and assigned specific responsibilities and time lines for the 2019 general elections under the Election Project Plan (EPP).

    “There is no time to waste; the 2019 General Elections are already around the corner. These are the last activities before the conduct of the general elections.’’

    He said “we have finalized and validated the election project plan, thereafter, finalize work on the election’s budget for 2019, this will be ready next week.

    “Part of the successful implementation of the election plan is funding and the commission is not unaware that Nigerians are anxious to know the cost of the 2019 General Elections.

    “The commission believes in optimal utilization of resources which is dependent on proper planning.

    “With the validation of EPP workshop, having concluded and validated the strategic plan and plan of actions, work on 2019 elections budget will be concluded next week

    “Immediately after the validation, the budget will be presented to the appropriate authority for consideration and funding,’’ the chairman said.
    He said that the commission would continue to take all necessary steps to ensure that Resident Electoral Commissioners (RECs) were given necessary support to implement EPP.

    Mahmood urged RECs to mobilise all members of staff of the commission to enable them prepare to play their respective roles to ensure the hitch-free general elections.

    According to him, activities ranging from the assessment of the current election infrastructure, acquisition and deployment of sensitive and non-sensitive materials would take place as specified.

    Mahmood stated that the objectives of the 197 activities of EPP include: “harmonizing the activities and needs of all departments and directorates of the commission into an implementable plan for the 2019 elections.

    Read Also:  INEC takes voter education to public schools in Bayelsa

    Others he said include “Organising the 2019 general elections in line with the highest global professional standards to deliver cost effective but high quality general elections in 2019.

    “Ensure that all stakeholders are carried along and create a level playing field for all candidates and political parties in administering the 2019 general elections

    “Also to ensure accountability and responsibility of all INEC staff in the conduct of 2019 general elections”.

    Mahmood said that each of the 197 activities of EPP responded to specific actions and tasks to be carried out within a specified time line.

    He called for diligent and meticulous monitoring, close supervision and sustained of the EPP for understanding and adherence to time line.

    On the concern in certain quarters about the possible prevalence of ineligible registrants on voter register, Mahmood said the commission was equally concerned and worried.

    The INEC boss also said that the recent reports of violation by underage person, following the Kano Local Government Election were deeply disturbing.

    “We wish to assure Nigerians that the matter will be fully investigated and we will share the findings of the investigation with the public.

    “I wish to assure Nigerians that voter register, nationwide, will be purged of any possible ineligible registrants,” he said.

    According to him, the investigation becomes necessary because the credibility of an election is drawn from the credibility of voter register.

    He noted that eligibility for registrations include citizenship, residence and mandatory attainment of age of 18 years.
    Mathmood said between July and December, 2017, 3, 978,682 were registered afresh nationwide.

    He also disclosed that 135, 127 unclaimed Permanent Voter Cards were collected and 166,073 requests made for transfer of PVCs while the commission received 334,086 requests for replacement of PVCs.

    In terms of distribution by state, the INEC boss said that Rivers recorded the highest number of voters, followed by Delta and Lagos while Kwara, Gombe and Ondo recorded the lowest.

    On the ongoing voter registration, Mahmood assured that only legally eligible citizens would be screen and registered, saying INEC has 1446 registration centres nationwide.

    He said that the commission had deployed additionally Direct Data Capturing machines, staff and resources nationwide to address the challenges people faced in exercise.

    Presenting the 2019 EPP report, Prof. Bolade Eyinla said that the reports harmonised the activities and needs of all departments, units and directorate of INEC into implementing the plan for the general elections.

    Eyinla is the Technical Adviser to INEC Chairman.

    He further said his committee was inaugurated in May 2017 and was informed by success of the EPP in 2015, which centralised planning for the election.
    “It is important that all hands are on deck to deliver more credible elections in 2019.
    “The plan is to ensure that the 2019 elections will be conducted in line with the highest global standard and to deliver cost efficient but high quality elections.

    Eyinla said that all state offices, led by RECs, designed and established their Election Monitoring Support Centres, structured to monitor and support the implementations of EPP.

    Mr Shalva Kipshidze, Country Director, IFES said the EPP was developed by INEC with the support of IFES to enhance electoral integrity and good governance.

    National Electoral Commissioners, Resident Electoral Commissioners, Administrative Secretaries, directors, Heads of Departments among other senior staff of the commission attended the workshop.

    The workshop was facilitated by INEC’s international partners (the European Union Support to Democratic Governance in Nigeria (EU-SDGN), European Centre for Electoral Support (ECES) and International Foundation for Electoral Systems (IFES).

    NAN

     

  • Court remands monarch for allegedly spreading rumour against Ooni

    Court remands monarch for allegedly spreading rumour against Ooni

    An Osun Magistrates’ Court sitting in Ile-Ife on Friday remanded a traditional ruler, Adeoye Adefarakan, 63, and one Abidemi Olukanmi, 18, for allegedly spreading rumour against the Ooni of Ife, Oba Adeyeye Ogunwusi.

    The Prosecutor, Insp. Christian Olajide, told court that the accused committed the offence sometime in November, 2017 at Ile-Ife.

    Olajide said that the accused conspired between themselves to commit felony– publication of false news that caused fear and alarm and deformation of character.

    He said that the accused also chanted and sang songs causing hatred, ridicule, spreading rumour and negative report against the Ooni of Ife.

    According to the prosecutor the actions of the accused affected the reputation of Ogunwusi and exposed him to ridicule.

    Olajide said that the song caused fear and alarm for members of the public and breached public peace at Ife Kingdom

    He said that the offence contravened sections 59, 374, 375 and 516 of the Criminal Code, Laws of Osun State, 2002.

    The Defence Counsel, Mr Edward Birilomoni, applied for bail for the accused, pledging that his clients would not jump bail and that they would produce reliable sureties.

    However, the Magistrate, Mrs Adejumoke Ademola-Olowolagba, refused the accused bail but advised the counsel to come with written application for the consideration of bail.

    Ademola-Olowolagba ordered the remand of the accused in prison custody, pending the consideration of their bail.

    She adjourned the case until Feb. 23, for hearing.

    NAN

  • 13,000 candidates for UTME in Jigawa — Official

    13,000 candidates for UTME in Jigawa — Official

    The Jigawa office of Joint Admissions and Matriculation Board (JAMB) on Friday said it registered 13,000 candidates for 2018 Unified Tertiary Matriculation Examination (UTME) in the state.

    The JAMB Coordinator in the state, Malam Labaran Iliyasu, told the News men in Dutse that the examination would be conducted in Dutse, Kafin-Hausa, Gumel, Hadejia and Kazaure local government areas.

    He said registered candidates would receive Short Message Service (SMS) and E-mail, indicating their examination center, date and venue of the examination as from Sunday, Feb, 18, 2018.

    The coordinator added that JAMB recorded an increase in the number of candidates who would write the examination and attributed it to proactive measures taken by the board.

    Read Also: JAMB sells 1.6m 2018 UTME forms

    He noted that “some of the measures taken to enhance the exercise were approval of commercial banks and other financial institutions to sale scratch ‎cards to prospective candidates.

    “The system was simplified to enable candidates to obtain pin using their mobile phones.

    “The accreditation of registration centres also assisted in the success recorded.”

    Iliyasu said the sale of scratch cards had closed, adding however that “those who obtained the pin before the closing date can still register.”

    NAN

     

  • Buhari condemns Zamfara killings

    Buhari condemns Zamfara killings

    President Muhammadu Buhari has condemned Thursday’s massacre of innocent persons in Birane village, Zurmi Local Government Area of Zamfara State.

    The President, in a statement by the Senior Special Assistant on Media and publicity, Garba Shehu, commiserated with families of victims of the heinous and inhuman attacks on defenceless citizens which left many injured.

    President Buhari also directed the Minister of Defence, Brigadier-General Mansur Dan Ali (Rtd) to proceed immediately to the state to undertake an on-the-spot assessment of the situation and report back.

    Read Also: Buhari, security chiefs meet in Aso Rock

    In addition, he also directed security agencies to immediately mobilize and deploy their members to the vulnerable areas of the state, and ensure that the perpetrators are brought to face the full wrath of the law.

    The President assured the Zamfara State government, victims of the mayhem and residents in the state, that the Federal Government will continue do all it takes to support security agencies to secure lives and property, not only in the affected state but all parts of the country.

    President Buhari restated his administration’s determination to put an end to the spate of senseless spilling of innocent blood in parts of the country, and calls for restraint to allow the nation’s security apparatus to stem the undesirable trend.

    The President prayed that almighty God will receive the souls of the departed, and comfort their families.

     

  • NDLEA to tackle use of prohibited substances by youths in FCT

    NDLEA to tackle use of prohibited substances by youths in FCT

    The National Drug Law Enforcement Agency (NDLEA), FCT Command, said it would organize a sensitization campaign against the use of prohibited substances by youths in the territory.

    The News men reports that some youths in the territory are reportedly mixing Medical Grade Methylated spirit with a Soft drink to get intoxicated.

    The Public Relation Officer (PRO) of the command, Mr. Peter Adegbe, confirmed this in an Interview with the News men on Friday in Abuja.

    Adegbe, who said that he got to know about the development through one of the personnel of the agency, however, stated that no arrest was made, yet.

    “I was in my office when one of our Officers said Youths are now mixing Methylated Spirit with a soft drink to get high.

    “As a Chemist, the Methylated spirit that I know is 98 per cent pure. It is deadly and dangerous.

    “Although the mixture has no name yet and it has not yet escalated, we have not come across anyone into it.

    “But you know what, every day, new substances of intoxication are coming up and young people are trying new ways on how to get intoxicated.

    Read Also: NDLEA seize ton of illicit drugs, nab 324 suspects in Abia

    “We haven’t made any arrest neither have we counseled anyone, yet.

    The PRO said the agency could get to know more about the development through arrests, adding that the command was seriously working toward that.

    He said the command had conducted several campaigns against the dangers of drug abuse, urging the Nigerian Youth to shun the act.

    “Just last week, we held a campaign on “Drug and Crime “and the turnout was massive.

    “We don’t intend to stop there, as we are planning to organize three more campaigns before the end of February.

    “The campaign is a continuous thing and it will dwell more on this new found substance by the Nigerian Youths, “he said.

    The spokesman said that the command would ensure that the substance was not found in any Pharmacy or Chemist.

    He said the major problems driving youths into drugs are:  Idleness, Curiosity and peer pressure.

    “When you are idle, you are not engaging in anything, you want to try what others are doing and you have friends that are into drugs, you are endangering your life.

    Adegbe advised parents to be closer to their children to know who their friends were, adding that this would help to reduce the rate at which Youths got involved in drug abuse.

    NAN

     

  • Court remands father who allegedly raped daughter

    Court remands father who allegedly raped daughter

    An Ikeja Chief Magistrates’ Court on Friday, remanded a 45- year -old father, Moses Udoh, to Kirikiri Prison over alleged rape of his own daughter.

    Chief Magistrate T. O Shomade refused to listen to the accused man’s plea and ordered him to be remanded in prison.

    The accused, an unemployed man resides at 45, Osundiya St., Meiran, a suburb of Lagos.

    Police prosecutor Rapheal Donny told the court that the offence was committed repeatedly in 2013 at Udoh’s residence.

    Donny said that the accused raped his 15- year -old daughter who is now 20 years old.

    Read Also: Court jails fake policeman in Abuja

    “The accused wife caught him while he was trying to molest his daughter sexually and she cried out,” the prosecutor said.

    “The case was brought to the police station and it was there the girl said that the father had raped her in 2013 and since then, he hasn’t stopped from molesting her sexually,” he said.

    The offence contravened Section 259 of the Criminal Law of Lagos State, 2015.

    The chief magistrate adjourned the case till Feb. 26, for mention.

  • Abacha’s stolen $300m awaits recovery by Nigeria

    Abacha’s stolen $300m awaits recovery by Nigeria

    The coast is now clear for Nigeria to recover an estimated  $300million stashed in bank accounts in the small island by the late military ruler, General Sani Abacha.

    The Jersey Evening Post reported yesterday that the funds “will remain frozen in Jersey pending the registration of a civil asset recovery order in the Royal Court.”

    It said the money will be released  to Nigeria once it is ‘freed’,according to a ruling by the Privy Council.

    Jersey is unlikely to receive a share,it said.

    The stolen money  was funnelled to Jersey from after being laundered through the USA.

    Read Also: EFCC launches probe as $500m Abacha loot goes missing

    It was placed in accounts held locally by a British Virgin Islands company, Doraville Properties Corporation.

    In 2014 the assets were frozen by the Royal Court following an application by the US authorities. Since then, Doraville has lodged several legal challenges to lift the property restraining order.

    Both the Royal Court and later Jersey’s Court of Appeal dismissed the company’s applications. And Doraville recently failed in its last available legal challenge, after the Privy Council rejected the company’s latest application.

    The newspaper quoted Jersey’s  Attorney General Robert MacRae as saying : “In restraining the funds at the request of the United States of America, through whose banking system the funds were laundered prior to arriving here, Jersey has once again demonstrated its commitment to tackling international financial crime and money laundering.”