October 24, 2019

Makinde Grants Approval For Recruitment Of Teachers

Makinde Grants Approval For Recruitment Of Teachers

October 24, 2019 2:53 pm
  • Threatens to deal with saboteurs of education policies

Oyo State Governor Seyi Makinde, on Wednesday, announced that he had given approval for the recruitment of teachers into the state’s teaching service, noting that his government is re-engineering education for “long-lasting positive results.”

A statement signed by the Chief Press Secretary to the Governor, Mr. Taiwo Adisa, indicated that the Governor stated this while speaking at the commissioning of a ₦50 million multipurpose hall donated to the Ilora Baptist Grammar School, Ilora, by an old student, Mr. Remi Oyekola.

The statement also quoted the Governor as indicating that the state government …

Concern Mounts Over States’ Fiscal Sustainability - Lee

Concern Mounts Over States’ Fiscal Sustainability – Lee

October 24, 2019 2:43 pm
  • Only three states can survive without federal funds, says BudgIT report

World Bank’s Senior Economist, Yue Man Lee, Wednesday raised the alarm that the fiscal capacity of the 36 states of the federation and the Federal Capital Territory (FCT) has declined while their fiscal sustainability risks have also increased.

While pointing out that the states’ revenues have largely underperformed, she stressed that the recent growth in non-oil revenues particularly Value Added Tax (VAT) was not enough to offset the drop in statutory transfers.

This is coming as a new report has revealed that only Lagos, Rivers and Akwa Ibom …

Russia – Nigeria Relations Will Come Alive More - Buhari

Russia – Nigeria Relations Will Come Alive More – Buhari

October 24, 2019 1:57 pm
President Muhammadu Buhari says fresh energy will be injected into Nigeria-Russia relations to bolster an age-long relationship that has been mutually rewarding and promising.

The Presidential aide, Malam Garba Shehu, quoted Buhari as saying this at the second plenary of the Russia-Africa, where more than 40 leaders are participating, at Sochi, Russia, on Thursday.

The President called for a stronger partnership that is humane, inclusive and diversified.

Buhari said the initial warm and harmony enjoyed with the former USSR after Nigeria’s independence in 1960 should be revitalized, so that citizens of both countries could benefit from soci0-cultural, educational, technological and

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IGI Reduces Staff Number To Meet Recapitalisation Exercise

IGI Reduces Staff Number To Meet Recapitalisation Exercise

October 24, 2019 1:45 pm

In a bid to meet up with the recapitalisation target set for the insurance industry, Industrial and General Insurance (IGI) Plc has commenced its process, by slashing its operating expenses in a restructuring exercise that will allow it meet the deadline.

The insurance firm allegedly laid-off about 60 staff recently so as to reduce cost. However, this development did not go well with the affected staff as they staged a protest last week to express their grievances over the issue.

Distressed employees warned the management to rescind its decision to retrench the majority of them or face industrial action. The …

Royal Exchange Profit Falls By 187% In 3rd Quarter Q3 2019

Royal Exchange Profit Falls By 187% In 3rd Quarter Q3 2019

October 24, 2019 1:37 pm

Royal Exchange Plc has recorded a 187 percent loss for the third quarter (Q3) of the year which ended 30 September 2019.

This was revealed in the insurance company’s unaudited financial statements published on the website of the Nigerian Stock Exchange. According to the financial statement, Royal Exchange generated ₦11 billion in its gross premium income over the past nine months of 2019. However, there was a 0.9 percent decrease compared to ₦11.1 billion which was generated in Q3 2018.

For its Profit Before Tax (PBT), the underwriting firm recorded a loss before tax of ₦72.8 million in Q3 2019, …

NAICOM, Stakeholders To Brainstorm On Recapitalisation

NAICOM, Stakeholders To Brainstorm On Recapitalisation

October 24, 2019 1:30 pm

The National Insurance Commission (NAICOM) is ready to host an interactive session with shareholders’ associations of insurance firms so as to deepen engagement in the recapitalisation process.

The session, scheduled for next Tuesday in Lagos, is part of measures by NAICOM to achieve a seamless recapitalisation to the benefit of all stakeholders.

The meeting is a fallout of the ongoing recapitalisation exercise in the insurance sector and the need to provide adequate information to all stakeholders.

READ ALSO: EEDC Improves Power Supply In South East

A statement by the Head, Commissioner for Insurance Directorate, ‘Rasaaq ‘Salami, the Acting Commissioner for …

Babalola Leads Defectors Back To PDP In Iseyin

Babalola Leads Defectors Back To PDP In Iseyin

October 24, 2019 1:24 pm

Most People Democratic Party (PDP) members who defected before the last general elections in February in Iseyin area of Oyo State have returned to the party under the leadership of Senator Andrew Gbenga Babalola.

A release by Mallam Adebayo Muritala, head of Media and Elders forum, Iseyin chapters of the party, said the coming home to roost of those who had gone to other parties to seek their individual political fortunes was facilitated by the reconciliation efforts to reinforce the strength of the PDP in the town and Oyo State.

Those charged with wooing back members who had sojourned in …

Sochi Summit: Buhari, Putin Agree To Strengthen Relations

Sochi Summit: Buhari, Putin Agree To Strengthen Relations

October 24, 2019 1:15 pm

President Muhammadu Buhari and his Russian counterpart, Vladimir Putin in Sochi, have agreed to put Nigeria-Russia relations on a fast track, and pursue the completion of partially completed and abandoned projects initiated by both countries.

This is even as President Buhari has requested for the return of Russia, on a government-to-government relationship for the completion and commissioning of the abandoned Ajaokuta Steel Rolling Mill, to which President Putin accepted.

According to a statement by Senior Special Assistant to the President on Media and Publicity, Garba Shehu, the agreements were reached at a bilateral meeting held on sidelines of ongoing …

Pomp As Ohaneze Ndigbo, South-West Inaugurated New Exco

Pomp As Ohaneze Ndigbo, South-West Inaugurated New Exco

October 24, 2019 1:04 pm

It was a blend of funfair and culture as well as colourful display of Igbo traditions, as a socio-cultural group, Ohaneze Ndigbo in the southwest, inaugurated its new executive officers, to pilot the affairs of the group for the next two years.

The event, which took place at the Ogun State secretariat of the association in Abeokuta, was also used to launch youth educational endowment fund, to provide scholarships for indigent but brilliant students of Igbo extraction, across southwest.

The inauguration ceremony equally saw 15 prominent members of Ohaneze Ndigbo in the southwest, receiving awards of excellence for their …

DSS Places Bayelsa Youth Leader, Others, Under Surveillance

DSS Places Bayelsa Youth Leader, Others, Under Surveillance

October 24, 2019 12:40 pm

The Department of State Security (DSS) has disclosed that some category of political and youth leaders likely to instigate violence and stockpile arms have been placed under surveillance ahead of the November 16 governorship election.

The State Director of the DSS, Ishaku Yusuf made this known on Wednesday in response to an appeal by the King of Ekpetiama Kingdom, HRM Bubaraye Dakolo Agada IV, who called for early arrest of mischief-makers during the election seminar organized by the Assistant Inspector-General of Police (AIG), Zone 5, Dibal P. Yakadi for political party chairmen and other stakeholders in the state.

Yusuf however …

Remains Of Former Spanish Dictator Franco To Be Exhumed

Remains Of Former Spanish Dictator Franco To Be Exhumed

October 24, 2019 12:28 pm

The remains of Francisco Franco, Spain’s former right-wing dictator, are due to be exhumed on Thursday, after a legal and political battle that raised divisive questions over his legacy.

The plan is to move Franco’s body, via helicopter, from a massive mausoleum in the so-called ‘Valley of the Fallen’, north-west of Madrid, to the Mingorrubio cemetery to the north of the city.

“The exhumation of Franco’s remains should help us reflect on what this means for the image of our country and for democracy,’’ the Deputy Premier, Carmen Calvo, wrote on Twitter.

Franco ruled Spain from 1939, when his …

Police Nab 5 Over Alleged Kidnapping And Robbery In Niger

Police Nab 5 Over Alleged Kidnapping And Robbery In Niger

October 24, 2019 12:20 pm

The Police in Niger have arrested five suspects for alleged kidnapping and armed robbery in Rafi and Mariga local government areas of the state.

The Commissioner of Police in the state, Alhaji Usman Adamu, disclosed this to the News Agency of Nigeria (NAN) in Minna on Thursday.

Usman said on Oct. 18, one Alhaji  Ibrahim Garkuwa of Tashan Kare reported at Kagara Police Division that some hoodlums who were armed with machete, stick and dressed in female Hijab (Muslim females gown) and face mask, invaded his house at Tashan Kare.

He said the criminals attacked  Garkuwa’s wife and daughter, inflicting

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