October 28, 2020

Banks, Telcos In Talks To Settle ₦17bn USSD Debt

Banks, Telcos In Talks To Settle ₦17bn USSD Debt

October 28, 2020 9:50 pm

Commercial banks and mobile network operators have commenced discussion on how the ₦17bn accumulated debt for Unstructured Supplementary Service Data access will be paid.

Read Also: Banks CEOs Disclaim MTN Over USSD Transactions Charges

Findings showed the two parties would reach an agreement on modalities for payment soon.

Confirming this to The PUNCH, the Chairman, Association of Licensed Telecommunication Operators of Nigeria, Gbenga Adebayo, said, ‘Discussions are ongoing and we are hoping that this will result in settlement. But certainly, the banks are indebted to telcos.’

The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, who spoke …

CBN Increases Access To Mortgage Financing

CBN Increases Access To Mortgage Financing

October 28, 2020 9:30 pm

The Central Bank of Nigeria has said it has removed the restriction on non-member mortgage lenders from refinancing their mortgages with the Mortgage Refinance Company.

Read Also: China’s Central Bank Quarantines Banknotes

It said it now permits the MRCs to refinance the qualifying mortgages of lenders that do not hold its equity, subject to compliance with all other relevant provisions specified in the framework.

The CBN said this in a circular titled ‘Regulatory and supervisory framework for the operations of a Mortgage Refinance Company approval to refinance non-member banks’ issued to all banks and other financial institutions.

The circular, which …

MTN Nigeria Profit Shrinks To ₦144.24 Billion

MTN Nigeria Profit Shrinks To ₦144.24 Billion

October 28, 2020 9:19 pm

MTN Nigeria’s profit dropped by 3.3 per cent, recording ₦144.24bn profit after tax in the nine-month period ended September 30, the company’s unaudited financial report released on Wednesday has shown.

Read Also: MTN Launches 5G Network

MTN said its operations were impacted by the devaluation of naira, saying availability of foreign exchange remained a challenge and revealed plans to reduce exposure to foreign currency.

The mobile network operator generated N654.52bn in voice revenue, including interconnect and roaming voice, in the nine-month period, indicating 4.2 per cent growth from the corresponding period in 2019.

Data revenue also grew by 57 per …

UK Reopens Visa Centres In Nigeria

UK Reopens Visa Centres In Nigeria

October 28, 2020 8:37 pm

The United Kingdom has reopened its visa centres across Nigeria, after announcing their closures on the 21st of October 2020, due to the #EndSARS protest that engulfed the nation.

Read Also: UK High Commission Reopens Visa Application Centers In Nigeria

A statement released on Monday, said: “Our TLS contact Visa Application Centres are now open in Nigeria. Following the recent closures, we are working hard to process all outstanding applications.

We thank you for your continued patience and understanding”.

Please note Thursday 29th October is a public holiday in Nigeria and our Visa Application Centres will be closed.

AFRICA DAILY …

Invest More In HIV Prevention, Experts tell Federal Government

Invest More In HIV Prevention, Experts tell Federal Government

October 28, 2020 8:13 pm

Experts have called on the federal government and other stakeholders to invest more prevention of HIV infection interventions, while advocating for supportive policy and programmes.

Read Also: 65,185 Persons Living With HIV/AIDs In Akwa Ibom – Survey

They made the call at a media roundtable organised by AVAC Fellow 2020 in partnership with the Journalists Alliance for AIDS, JAAIDS, on the role of media in HIV prevention advocacy with the theme: “Advocating for supportive policy and programmes for effective HIV prevention interventions”.

The Key Population Advisor, Heartland Alliance, Mr. Michael said there was funding gaps for interventions needed by majority  …

South African President Ramaphosa In Self-Quarantine

South African President Ramaphosa In Self-Quarantine

October 28, 2020 6:12 pm

South African President Cyril Ramaphosa has gone into self-quarantine after learning that a guest at a charity dinner he attended tested positive for coronavirus, his office said Wednesday.

“President Cyril Ramaphosa has begun a period of self-quarantine,” acting spokesman Tyrone Seale said in a statement.

“The President is showing no symptoms at this time and will, in line with COVID-19 health advice, be tested should symptoms manifest.”

Read Also: South Africa’s Health Minister Contracts COVID-19

According to his office, Ramaphosa on Saturday attended a fundraising dinner of the Adopt-a-School Foundation.

One of the guests tested positive for coronavirus on Tuesday, …

ECOWAS Validates Report For Elimination Of Child Labour

ECOWAS Validates Report For Elimination Of Child Labour

October 28, 2020 6:10 pm

The Economic Community of West African States (ECOWAS) Commission has validated the report of the evaluation of the Regional Action Plan (RAP) for the elimination of child labour, especially the worst forms in West Africa.

In a two-day virtual meeting, the experts adopted the report of the findings of the evaluation of the implementation of the Regional Action Plan with amendments, and made key recommendations on concrete actions that can accelerate and scale-up interventions, with additional resources at country and regional levels.

Those, the body said is to meet SDG 8.7 to end all forms of child labour by 2025 …

Shehu Sani Blasts Nigerians Celebrating Attahiru’s Death

Shehu Sani Cries Out As Kaduna-Abuja Train Kills Over 60 Cows

October 28, 2020 3:56 pm

Shehu Sani has called on the Abuja/Kaduna railway authorities to act fast before Fulani herdsmen will vent their anger on passengers after the train killed over 60 cows on Wednesday.

According to the 8th Assembly Senator, the train which he boarded on Wednesday killed over 60 cows as they headed to Abuja.

Sani, who represented Kaduna central senatorial district, said the cattle rearers ran into the bush raining curses.

He called on those in charge of the railway to reach out to the Chief of Rijana Village and address the issues.

Read Also: End SARS: Trade Unions, Opposition Parties Failed

…
Court Rejects EFCC’s Plea To Issue Arrest Warrant Against Diezani

Court Rejects EFCC’s Plea To Issue Arrest Warrant Against Diezani

October 28, 2020 3:53 pm

The Federal High Court in Abuja, on Wednesday, rejected EFCC’s application seeking the court’s order on the issuance of a warrant of arrest against former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke.

Justice Ijeoma Ojukwu held that an affidavit with evidence in support to prove that the earlier court summon granted the agency had failed in the extradition of Diezani must be filed by the commission before another request could be made.

Ojukwu noted that the EFCC had informed the court that the Office of the Attorney General of the Federation (AGF) and Minister of Justice hinted that the arrest …

WTO: Buhari Thanks US For Okonjo-Iweala’s Endorsement

We Can’t Afford Another Round Of COVID-19 Lockdown – Buhari

October 28, 2020 3:48 pm

President Muhammadu Buhari has warned that Nigeria’s economy is too fragile to bear another round of coronavirus lockdown.

The President stated this in his message to Muslims in Nigeria as they join others all over the world to mark the Eid-el-Maulud.

Buhari urged all citizens to use the occasion to reflect on the virtues of the Holy Prophet by showing love and understanding for fellow citizens while exhibiting patience, honesty, sincerity, kindness and generosity in all their undertakings.

Read Also: Buhari Inaugurates 2021 Armed Forces Remembrance Emblem

In a message to Muslims commemorating the birthday of Prophet Mohammed (SAW) which …

At Last, US Backs Okonjo-Iweala For DG, WTO Job

FFK, Ezekwesilli, Melaye Congratulate Okonjo-Iweala

October 28, 2020 3:46 pm

Former Minister of Aviation, Femi Fani Kayode has reacted to Ngozi Okonjo-Iweala’s victory as the first African to become the Director-General of the World Trade Organization, WTO.

Africa Daily News, New York had reported that the Former Minister of Finance, emerged as the Director-General of the World Trade Organization, WTO.

Iweala emerged winner after a highly competitive race, polling 104 votes from 164 member countries to defeat her opponent, South Korea’s trade minister, Yoo Myung-hee.

Read Also: Breaking: Okonjo-Iweala Finally Emerges WTO DG

Reacting, Kayode said the news of her emergence as WTO DG is a great one for Nigeria.…

Breaking - Okonjo-Iweala Finally Emerges WTO DG

Breaking: Okonjo-Iweala Finally Emerges WTO DG

October 28, 2020 11:15 am

Former Nigeria’s Finance Minister, Dr. Ngozi Okonjo-Iweala, has emerged as the Director General of the World Trade Organisation (WTO).

According to a breaking news on Wednesday afternoon, Okonjo-Iweala defeated her only challenger, South Korea’s Yoo Myung-hee, by a wide margin.

Read Also: President Buhari, Okonjo Iweala Meet In State House

Her emergence is expected to be announced formally by the WTO later on Wednesday.

 

AFRICA DAILY NEWS, NEW YORK…

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