October 23, 2019

Botswana Begins Voting In Test Of A Stable Democracy

Botswana Begins Voting In Test Of A Stable Democracy

October 23, 2019 5:43 am

Voting opened on Wednesday in Botswana for a hotly contested general election that could test the country’s traditionally stable politics, as the ruling party faces its toughest challenge yet.

The historic Botswana Democratic Party (BDP) — whose rule has been unfettered since independence from Britain in 1966 — was shaken up earlier this year after former president Ian Khama dramatically renounced his hand-picked successor Mokgweetsi Masisi.

Voters started gathering late on Tuesday at Tlogatloga secondary school in Botswana’s capital Gaborone, waiting all night to cast their ballot.

“I have spotted a candidate I think is the right person and I …

Five Injured As South Africans Resume Attack On Nigerians

Five Injured As South Africans Resume Attack On Nigerians

October 23, 2019 4:22 am

For the umpteenth time, Nigerians living in South Africa bore the brunt of a fresh wave of xenophobia that broke out yesterday, which left five persons injured.

According to reports, the latest attack occurred at Mpumalamga Province and in some parts of Witbank where the residents attacked their Nigerian neighbours.

This is coming barely weeks after President Muhammadu Buhari visited South Africa to dialogue with his South African counterpart to address the incessant xenophobic attacks on Nigerians and other African migrants.

It was gathered from Nigerians living in South Africa that the attack started with the indigenes attacking shops and …

Stanbic IBTC Bank Rewards Long-Serving Staff

Stanbic IBTC Bank Rewards Long-Serving Staff

October 23, 2019 4:15 am

Stanbic IBTC Holdings recently held the 2019 edition of its long service awards. The annual event was an avenue for the organisation to recognise and reward staff who had put in significant years of service in Stanbic IBTC.

Delivering his welcome remarks, the Chief Executive, Stanbic IBTC Bank Plc, Dr. Demola Sogunle, described the event as being in line with the bank’s tradition of honouring employees who have distinguished themselves through hard work, dedication and commitment to Stanbic IBTC Holdings Plc.

He said: “Ladies and gentlemen, you will agree with me that recognition is not just about instituting an award …

Report By Central Bank Reveals Rise In Consumer Confidence

Report By Central Bank Reveals Rise In Consumer Confidence

October 23, 2019 4:09 am

Consumers’ overall confidence outlook rose in the third quarter of 2019, as more consumers were optimistic in their outlook. The Central Bank of Nigeria (CBN), stated this in its “Consumer Expectations Survey Report for Third Quarter 2019,” a copy of which was posted on its website.

According to the report, the index at 3.8 points was 2.3 points higher than the index in the corresponding period of 2018.

Respondents attributed the favourable outlook to improved family income and family financial situation.

Furthermore, the report showed that consumer outlook for the next quarter and the next 12 months were …

INEC To Correct General Election Error With Bayelsa, Kogi

INEC To Correct General Election Error With Bayelsa, Kogi

October 23, 2019 3:59 am

At the end of a two-day seminar on the preparedness of the Independent National Electoral Commission (INEC) for the November 16 governorship elections in Kogi and Bayelsa States, the commission said the two elections would correct the mistakes in the 2019 general election and set a new standard for future elections.

This is coming as stakeholders from Kogi and Bayelsa States have listed violence, vote-buying and manipulation of youths as some of the issues that would determine the outcome of the polls in the two states.

Speaking yesterday, the Chairman of the Board of INEC’s Electoral Institute, who is also …

Foreign Investments In Equities Market Soar To ₦1.2tn

Foreign Investments In Equities Market Soar To ₦1.2tn

October 23, 2019 3:51 am

Foreign transactions in the Nigerian equities market soared by 97.88 percent from ₦616 billion to ₦1.219 trillion in the last 12 years, figures released yesterday by the Nigerian Stock Exchange (NSE) have shown.

The jump, which is between 2007 and 2018, indicated foreign investors’ preference for the Nigerian equities market.

However, while foreign investors increased their investments, their domestic counterparts’ participation declined in the review period, falling by 66.6 percent from ₦3.556 trillion in 2007 to ₦1.185 trillion in 2018.

In 2018 alone, for instance, foreign transactions accounted for 51 percent while domestic investors accounted for 49 percent. But the …

Why Kogi Panel Cleared Former Deputy Gov Of Misconduct

Why Kogi Panel Cleared Former Deputy Gov Of Misconduct

October 23, 2019 3:36 am

•State assembly failed to call relevant witnesses, present documents
•Could not substantiate four charges, abandoned two pleadings

•Breaches constitution despite these findings

The probe panel, which investigated the former Deputy Governor of Kogi State, Mr. Simon Achuba, on allegations of gross misconduct, returned a not-guilty verdict against him because none of the six-point charge against him was substantiated by the state House of Assembly, our reporters learnt yesterday.

A copy of the report submitted to the state legislature last Friday, upon which the lawmakers summarily removed Achuba from office, despite his clearance, detailed how the legislators either failed to provide …

No Going Back On IPPIS, Federal Government Tells ASUU

No Going Back On IPPIS, Federal Government Tells ASUU

October 23, 2019 3:24 am

The rift between the federal government and the Academic Staff Union of Universities (ASUU) deepened yesterday as the federal government dismissed the union’s concern about putting lecturers on the centralised IPPIS salary payment platform.

Reacting to the union’s objection to President Muhammadu Buhari’s directive that federal government workers not on the Integrated Personnel and Payroll Information System (IPPIS) would not be paid salaries, the Accountant-General of the Federation (AGF), Mr. Ahmed Idris, fired back, saying that the union is not in a position to dictate to the federal government on how its members should be paid their salaries.

ASUU had …

‘PSC Law Could Provide Extra $1.5b To Fund 2020 Budget’

‘PSC Law Could Provide Extra $1.5b To Fund 2020 Budget’

October 23, 2019 3:15 am

The Deputy Leader of the Senate, Senator Robert Ajayi Borofice, told journalists that the commended Deep Offshore and Inland Basin Production Sharing Contract (PSC) law will give Nigeria additional US$1.5 billion for funding the 2020 budget, and warned that the National Assembly will resist attempts by oil companies to create crisis in order to disrupt concurrence of the bill by both chambers.

The PSC bill enjoyed the fastest legislative approval. What informed such speed and will other bills get the same treatment?

This is an arrangement that has been there for years and the problem of not benefitting from …

Amid Non Endorsement, Audu’s Wife Berates Governor Bello

Amid Non Endorsement, Audu’s Wife Berates Governor Bello

October 23, 2019 3:03 am

• ‘We are collaborating to avert violence, rigging’

At a time faction of the Kogi State executive chapter of All Progressives Congress (APC) distanced itself from the purported endorsement of Governor Yahaya Bello, the wife of one of the disqualified gubernatorial aspirants, Mr. Mustapha Mona Audu, Zahra, yesterday, regretted that the governor was not canvassing for votes the same way President Muhammadu Buhari and Vice President Yemi Osinbajo did during the 2015 and 2019 polls.

It would be recalled that the Kogi APC faction led by the state secretary, Salam Adejo, addressed a press conference in Abuja, where they denied …

NLC Vows To Enforce New Minimum Wage Payment For Workers

NLC Vows To Enforce New Minimum Wage Payment For Workers

October 23, 2019 2:54 am

• Ebonyi to review workers pay as allocation drops
• Minister wants more allocation to labour ministry

The Nigeria Labour Congress (NLC) yesterday vowed to enforce the total implementation of the new national minimum wage once the issue of consequential adjustments has been settled with the states.

Labour threatened that with the signing into law of the new minimum wage, any state that violated its provisions would be sued.

The president of NLC, Comrade Ayuba Wabba, stated the position of the workers during the opening of its 2019 national leadership retreat holding in Enugu, regretting that Nigerian workers were forced …

‘Discrimination Is Stalling Growth In The ICT Sector’

October 23, 2019 2:46 am

The Information and Communications Technology (ICT) sector has been identified as a major frontier for the economic development of the country.

According to experts, technology will play major role in Nigeria’s economic developments but has been stunted majorly because of the various challenges in the country, especially those that are making it difficult for companies to thrive.

These challenges are largely becoming discriminatory, especially, against young companies in the country.

But to bridge this challenge, experts have charged the government to implement frameworks that support local companies and ensure global competitiveness. They also called for more adoption of indigenous technology.…

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