October 19, 2019

Nigerian Stock Exchange List Union Bank ₦30bn 10Yrs Bond

October 19, 2019 3:05 am

The Nigerian Stock Exchange (NSE) last Friday listed the  Union Bank of Nigeria Plc’s ₦30 billion  10-Year, 16.2 per cent Subordinated Unsecured Fixed Rate Series 3 Bonds Due 2029.

The bond was issued by the financial institution under its ₦100 billion debt issuance programme and its listing will create liquidity for holders who want to trade the security. The bond is expected to boost the performance of the bank going forward.

Union Bank of Nigeria had reported profit before tax (PBT)of ₦18.7 billion for the half-year ended June 30, 2019, showing an increase of four percent from ₦11.7 billion in …

Enugu Airport: Rep Nnaji Lauds Buhari For Funds Approval

Enugu Airport: Rep Nnaji Lauds Buhari For Funds Approval

October 19, 2019 2:49 am

The House Committee Chairman on Aviation, Hon. Nnolim Nnaji, has commended President Muhammadu Buhari for granting the approval for ₦10 billion Special Intervention Fund for the reconstruction of the collapsed Akanu Ibiam International Airport, (AIIA) Enugu runway and associated facilities.

The approval was communicated to the South-east delegation during its visit to the Presidential Villa on Thursday. Reacting to the approval, Nnaji noted that the airport was critical to the people of South-east and environs because it was the only international gateway serving the entire region.

READ ALSO: WHO: Ebola In DR Congo Still Qualifies As Global Emergency

Nnaji …

Could Karim Adeyemi Be Barca’s Answer to Aging Suarez?

Could Karim Adeyemi Be Barca’s Answer to Aging Suarez?

October 19, 2019 2:31 am

With age no longer on the side of Barcelona striker, Luis Surez, slowing down the Uruguayan considerably, Barca is now looking for a long-standing replacement for the former Pichichi winner. Their searchlight has turned to the direction of German-born Nigerian youth prodigy, Karim Adeyemi

With La Masia not producing the players for Barcelona as before, the Catalan giants have now resorted to investing in young players in Europe and other parts of the globe where they can get promising players.

Barcelona are prepared to splash out €8m to sign Germany Under-17 international striker Karim Adeyemi. The 17-year-old joined Red Bull …

My Missing File At NIS Has Been Doctored - Akinremi

My Missing File At NIS Has Been Doctored – Akinremi

October 19, 2019 2:21 am

The Head of Department of Sports Management at the National Institute of Sports (NIS), Lagos, Dr. Francis Akinremi, has cried out over his missing official file at the institute which was last seen in 2014.

Speaking during a media chat in his office, Akinremi, who is a management member of NIS said his file had been missing since 2014 and he had made frantic effort at ensuring the file is produced, including dragging the institute to the erstwhile Minister of Sports, Solomon Dalung, but to no avail.

Akinremi, who is due to retire next year is of the opinion …

Joe Aribo: Putting His Money Where His Heart Is

Joe Aribo: Putting His Money Where His Heart Is

October 19, 2019 2:11 am

When Joe Aribo chose to don the colours of his fatherland – Nigeria – as against the land of his birth – Britain – he seems to know what he stands to prove. In his first game against Ukraine in an international friendly in September, Joe Aribo put up a Man-of-the-Match performance to launch his international career. And if that was not convincing enough, his show in the high profile encounter against five-times world champions, Brazil, left no one in doubt about the makeup of the Glasgow Rangers midfielder

Joe Aribo has proved to be a brilliant signing with Steven …

Can Man Utd Dent Liverpool Unbeaten Premier League Start?

Can Man Utd Dent Liverpool Unbeaten Premier League Start?

October 19, 2019 2:06 am

Two of England’s most successful clubs will tomorrow go head-to-head in the Premier League as Manchester United take on Liverpool. The Reds will be hoping to extend their eight-point lead at the top of the table while also looking to increase the widening chasm between themselves and United. However, the Devils will be hoping to dent Jurgen Klopp’s unblemished start

History beckons for Liverpool at the home of their greatest rivals on Sunday when they face Manchester United at Old Trafford looking for a record-equalling 18th consecutive top-flight win.

A whopping 15 points already separate the sides after just

…
Disaster In Kogi As Deputy Governor Bags Impeachment

Disaster In Kogi As Deputy Governor Bags Impeachment

October 19, 2019 1:54 am

Embattled Deputy Governor of Kogi State, Simon Achuba, has been impeached from office by the State House of Assembly.

His impeachment was sequel to the submission of the Justice Nadir Ajana panel report which found the deputy governor guilty of allegations of gross misconduct levelled against him.

Hon. Hassan Abdulahi,  leader of the House, announced the decision Friday.

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Abdullahi said the impeachment was carefully considered.

The Ajana panel was constituted in August after Achuba accused Governor Yahaya Bello of withholding his salaries and plotting to assassinate him, …

Events Of June 12 Annulment Will Haunt Me For Life – IBB

Events Of June 12 Annulment Will Haunt Me For Life – IBB

October 19, 2019 1:46 am

It would be a gross understatement if you describe him as a chip off the old block. Save for his height-about seven feet, and broad frame, he is a perfect replica of his father, General Ibrahim Babangida (IBB), in appearance, character and intellect. Like his old man, he is deeply intelligent, yet witty; very introspective, yet genial; above all, a gentleman who, according to his friends, is generous with his time, and, perhaps, his resources.

Over the past 20 years, Muhammad, a security consultant, has made his mark in diverse business endeavors like banking, real estate, education, and oil and …

Gowon At 85: You Are A Legend Of National Unity - Buhari

Gowon At 85: You Are A Legend Of National Unity – Buhari

October 19, 2019 1:31 am
  • Kept the country as one with his sense of vision, wisdom and discipline

President Muhammadu Buhari yesterday in Abuja celebrated former Head of State, Gen. Yakubu Gowon, on the occasion of his 85th birthday scheduled for today, describing him as a living legend and a symbol of national unity.

Buhari, according to a statement by his media adviser, Mr. Femi Adesina, said Gowon, despite being the youngest ruler of Nigeria so far, kept the country as one with his sense of vision, wisdom and discipline.

He said Gowon laid the foundation for Nigeria to thrive by creating federating units and …

Loan - Deposit Ratio: CBN To Impose Stiffer Laws On Banks

Loan – Deposit Ratio: CBN To Impose Stiffer Laws On Banks

October 19, 2019 1:21 am
  • Customers using loans for Treasury Bill will be blacklisted

The Central Bank of Nigeria (CBN) has vowed to impose stiffer sanctions on any commercial and blacklist customers that flout its minimum loan-to-deposit ratio (LDR) policy that is focused on increasing lending to the real sector of the economy.

The Director, Corporate Communications, CBN, Mr. Isaac Okoroafor, disclosed these in a chat on the sidelines of the ongoing International Monetary Fund/World Bank Annual Meetings in Washington DC, United States.

Specifically, it warned that any bank that is found to be disbursing loans to customers who subsequently invest such funds in treasury …

Semi Ajayi: Playing Against Brazil Boosted My Confidence

Semi Ajayi: Playing Against Brazil Boosted My Confidence

October 19, 2019 1:10 am

West Bromwich Albion defender Semi Ajayi admitted his confidence has received a boost after helping Nigeria secure a 1-1 draw against Brazil last Sunday.

The 25-year-old was handed a starting role in the encounter, partnering William Troost-Ekong at the heart of the Super Eagles defense.

The former Rotherham United defender shone in the game, keeping the star-studded attack of the South Americans at bay to help the West Africans secure a famous draw against the five-time world champions.

Ajayi, who returned to West Brom on Tuesday after the international break, is looking to carry on with the impressive showing for …

FG, Labour Revel Minimum Wage Pact, Payment Begins Now

FG, Labour Revel Minimum Wage Pact, Payment Begins Now

October 19, 2019 1:01 am

Palpable delight has greeted the agreement reached on Thursday night between the federal government and organised labour on the minimum wage, leading to an announcement of its immediate implementation by the Minister of Labour and Employment, Chris Ngige.

After long hours of negotiations for three consecutive days, the federal government and the labour unions finally signed an agreement in the early hours of yesterday on the consequential adjustments of ₦30,000 minimum wage for Nigerian workers.

The full payment of the minimum wage should start immediately by government and all employers of labour; the minister said shortly after the federal …

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