January 17, 2020

Ooni Of Ife To Honour 100 Youths

In an effort to promote the culture of excellence and selflessness in the youths, the Ooni of Ife, Oba Adeyeye Ogunwusi, will honour 100 outstanding youths at the maiden edition of the Royal African Young Leadership Forum (RAYLF).

The Yoruba monarch said the awardees, between the ages of 19 and 39, were picked across different tribes and professions.

In a statement, the Oba said: “As the of Oduduwa and the custodian of our immemorial culture and heritage; redefining the new culture of governance, leadership, entrepreneurial inventiveness and the ingenuity creative enterprises …

US House Speaker, Pelosi Attacks Facebook

United States House Speaker, Nancy Pelosi called Facebook a “shameful” company on Thursday.

The attack came amid escalating tensions between Democratic leadership and the company.

CNN reports that the Speaker expressed grievance at her weekly press conference on Capitol Hill.

Responding to a question about the power held by Facebook CEO, Mark Zuckerberg, Pelosi accused the company of being “accomplices for misleading the American people with money from god-knows where”.

“All they want are their tax cuts and no antitrust action against them.

“They didn’t even check on the money from Russian in the last election and everyone thought they

Customs Command Surpasses Revenue Target

The Nigeria Customs Service (NCS), Area II Command, Onne Port, Rivers State has announced that it generated a total revenue of ₦107.336 million from duty paid on imported goods in 2019. This, it stated in a statement, surpasses its annual target of ₦95.711 million for last year by ₦11.642 million.

The Customs Area Command of the Command, Comptroller Aliyu Galadima Saidu in the statement said a total of 24 seizures with Duty Paid Value (DPV) of N1.278 billion were also recorded in the area of anti-smuggling.

“The seizures include 99 containers comprising vegetable oil, detergents, bags of foreign rice, scraps …

Edo APC Tackles Airhiavbere, Ize-Iyamu, Others

Edo State chapter of the All Progressives Congress (APC) has dismissed a press conference held by members of a proscribed group, Edo Peoples Movement, saying the group’s agitations were fuelled by greed and avarice.

Discrediting the group’s submissions, APC Chairman in Edo State, Barr. Anselm Ojezua, alleged that two of the anchors of the meeting were burdened with severe malfeasance.

Ojezua described Pastor Osagie Ize-Iyamu as a mercenary of distraction allegedly recruited by the APC National Chairman, Comrade Adams Oshiomhole.

He further alleged that Ize-Iyamu is currently being charged to court by the Economic and Financial Crimes Commission (EFCC) over …

NSE

NSE Equities Cap ₦149 Billion As Bulls Return To Market

The bulls returned to the stock market thursday after two days of absence lifting the Nigerian Stock Exchange (NSE) All-Share Index (ASI) by one per cent to close at 29,352.13, while market capitalisation added ₦149 billion to close at ₦15.1 trillion.

After rallying for many days the market declined last Tuesday and Wednesday on profit taking. However, the market rebounded yesterday as 23 stocks appreciated as against 16 stocks that depreciated.

Livestock Feeds Plc led the price gainers with 10 per cent trailed by Forte Oil Plc with 8.4 per cent. Lafarge Africa Plc gained 6.3 per cent, while …

Foreign Investors Bought Less Bonds In 2019, Says DMO

Foreign investors cut their participation in Nigerian government bond auctions last year, buying just 4.39 per cent of all bonds issued compared with the previous year when they bought 10.99 per cent, a debt office presentation showed.

The debt office said local fund managers bought most of the bonds in 2019, accounting for more than a third of total demand.

In 2017, foreigners bought 11.7 per cent of Nigerian government bonds, Reuters quoted the debt office to have said in a presentation to traders.

Foreign investors reduced their participation in Nigerian …