May 2022

Expert Attributes NGX Rally To Uncertainties In Fixed Income Securities

Expert Attributes NGX Rally To Uncertainties In Fixed Income Securities

May 3, 2022 9:47 am

The Managing Director, ARM Securities Ltd., Mr Rotimi Olubi, has attributed sustained rally on the Nigerian Exchange Ltd (NGX) to heightened uncertainties in the fixed income space.

Olubi disclosed this in an interview on Tuesday in Abuja.

He added that positive earnings performance by some quoted companies continued to the current rally in the stock market.

He predicted that the uncertainties were expected to persist till the third quarter (Q3) when fixed income yield would peak.

Read Also: ₦70b Wiped Out Of Nigerian Stock Exchange

Olubi said the development would encourage more inflow of funds into the stock market, stressing …

Lawyer, Group Disagree With MultiChoice On Tribunal

Lawyer, Group Disagree With MultiChoice On Tribunal

May 3, 2022 9:46 am

A legal practitioner, Festus Onifade has disagreed with MultiChoice Nigeria Limited, the operator of DStv and Gotv, over the firm’s application challenging the jurisdiction of the tribunal in a suit filed against it over alleged tariffs hike.

Onifade and Coalition of Nigeria Consumers (CNC), in a counter-affidavit filed before a Federal Competition and Consumer Protection (FCCPC) Tribunal sitting in Abuja described the prayers by MultiChoice as “incongruous.”

Onifade and CNC are 1st and 2nd claimants, MultiChoice and Federal Competition and Consumer Protection Commission (FCCPC) are 1st and 2nd defendants respectively.

The company, in a motion on notice dated April …

Tucano Jets: Saraki Lied To Impeach Buhari On Purchase - BMO

Tucano Jets: Saraki Lied To Impeach Buhari On Purchase – BMO

May 3, 2022 8:54 am

The Buhari Media Organisation (BMO) has accused former Senate President Bukola Saraki of rewriting history in a bid to claim credit for the United States of America’s deal with Nigeria on the purchase of the Super Tucano light-attack aircraft for the ongoing war against insurgency.

This is in the aftermath of suggestions by the opposition figure that the 593million dollars deal might not have scaled through without his intervention as the then head of the 8th Senate.

Read Also: 2023: I Have What It Takes To Fix Nigeria – Saraki

BMO said in a statement signed by its Chairman Niyi …

S/West: IPAC Sets Up Zonal Executives, Demands Governance

S/West: IPAC Sets Up Zonal Executives, Demands Governance

May 3, 2022 8:33 am

The Inter- Party Advisory Council (IPAC), South-west zone, says it has set up an executive team, headed by Mr Dare Ojo, who is the Oyo council Chairman.

The IPAC zonal Secretary, Mr Olusegun Mobolaji, in a statement on Tuesday in Lagos said the executive committee officials were nominated and set up at the zonal inaugural meeting, held on April 30 in Ibadan, Oyo.

Mobolaji said that the council had called  for a more inclusive governance across states in the zone, to enhance a better society.

Read Also: IPAC Blasts INEC On Deregistration Of Political Parties

“Government, both at federal and

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We’re Working On Return Of Kidnapped Victims Of Train Attack – Buhari

We’re Working On Return Of Kidnapped Victims Of Train Attack – Buhari

May 3, 2022 4:52 am

President Muhammadu Buhari has assured families of those kidnapped by bandits in the ill-fated Abuja-Kaduna train service of March 28 that efforts were on-going to ensure their safe return.

The president gave the assurance on Monday in Abuja when he hosted residents of the FCT who paid him Sallah homage.

Read Also: Residents Block Road, Protest Rising Kidnapping In Ekiti

He directed security agencies and the Nigerian Railway Corporation (NRC) to provide detailed information to families of the victims regularly saying the government would explore every opportunity to secure their return alive and unhurt.

“As we celebrate this occasion with

…
Israel Demands Apology After Russia's Hitler Comments

Israel Demands Apology After Russia’s Hitler Comments

May 3, 2022 2:44 am

Israel on Monday requested an official apology from Russia describing the Russian foreign minister’s recent comments about Adolf Hitler and antisemitism an ‘outrageous statement and a terrible historic mistake.’

Africa Daily News, New York recalls that in an interview with an Italian television show on Sunday, Russian foreign minister Sergey Lavrov revealed that he believes Adolf Hitler had Jewish roots and suggested Jewish people may be the worst anti-Semites.

Lavrov’s comments came after he was asked how Russia can claim to be ‘denazifying’ Ukraine when the country’s president, Volodymyr Zelenskyy, is Jewish.

‘When they say ‘What sort of nazification …

Why I Announced Ban On Street Begging In Edo - Gov. Obaseki

Why I Announced Ban On Street Begging In Edo – Gov. Obaseki

May 3, 2022 2:39 am

Edo State Governor, Godwin Obaseki has confirmed that his administration was set to commence the evacuation of street beggars who are not ready to accept decent and meaningful ventures.

Obaseki gave this confirmation while addressing the Muslim faithful who were on a courtesy visit to the Government House, Benin City, on Monday.

He warned that anyone, whose children were not in school but on the street begging or trading, would be arrested and consequently prosecuted.

Obaseki pointed that that in the next few weeks or months, street begging would become history in the State.

Read Also: Nigeria Needs To Bake

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600 Palestinians Held By Israel Without Charge – Rights Group

May 3, 2022 2:34 am

An Israeli rights group have alleged that Israel is holding no fewer than 600 Palestinian detainees without charge or trial, which is the highest number since 2016.

HaMoked which is an Israeli based rights group that regularly gathers figures from prison authorities, on Monday disclosed that as of May there were 604 detainees held in administrative detention. Nearly all are Palestinians, as administrative detention is very rarely used against Jews.

end of list

So-called administrative detainees are arrested on ‘secret evidence’, unaware of the accusations against them, and are not allowed to defend themselves in court. They are usually held …

Germany Getting ‘Ready’ To Ban Russian Oil - Economy Minister

Germany Getting ‘Ready’ To Ban Russian Oil – Economy Minister

May 3, 2022 2:30 am

German Foreign Minister Annalena Baerbock on Monday disclosed that Berlin was ready to support a gradual, EU-wide embargo on Russian oil imports which could come in place before the end of the year.

Speaking on Germany’s ARD television which was monitored by Africa Daily News, New York which was monitored, Baerbock said; ‘And we are preparing this in such a way, that we could if necessary keep it up over the coming years’.

Her statement comes a few days after Economy and Climate Minister Robert Habeck disclosed that he expects Germany could be fully independent of Russian crude oil …

I Am A Supporter Of IPOB’s Agitation, Wike Claims

I Am A Supporter Of IPOB’s Agitation, Wike Claims

May 3, 2022 2:24 am

Rivers State Governor and 2023 Presidential aspirant, Nyesom Wike has declared that he supports the agitation of the Indigenous People of Biafra, IPOB recalling that the leader of the group, Nnamdi Kanu once sang his praises.

He made these assertions when he appeared on a Channels Television’s Politics Today program which was monitored by Africa Daily News, New York.

Wike claimed that he supports IPOB’s agitation, however, he frowns against the group’s violent approach to solving problems.

He, however, called on the Federal Government to listen and discuss with IPOB over their agitation.

Read Also: IPOB Using Propaganda To

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Record 16m Birds Culled In France Flu Outbreak - Official

Record 16m Birds Culled In France Flu Outbreak – Official

May 3, 2022 2:20 am

A record 16 million chickens, ducks and other poultry have been culled in France since November 2021 in one of the most drastic bird flu outbreaks in many years, the agriculture ministry disclosed on Monday.

Africa Daily News, New York reports that the European country has been hit by several epidemics since 2015 but they have mainly been restricted to the southwest, where ducks are bred for the lucrative foie gras liver pate industry.

However, for the first time this winter, wild birds which are reportedly migrating back from the south contaminated farmed poultry, sparking a second wave of infections …

Allow Peace To Reign, Oyetola Appeals To politicians

Polls: Allow Peace To Reign, Oyetola Appeals To Politicians

May 3, 2022 2:14 am

Osun State Governor, Gboyega Oyetola has appealed to politicians in the state to play according to the rules, as the campaign for the governorship election billed for July 16 takes shape.

Oyetola, who stated this while addressing journalists after observing the Eid-el-Fitr prayers at Osogbo Central Eid Praying Ground on Monday, also called on them to desist from anything that could threaten the peace of the state.

The governor asserted that politics should not be seen as a do-or-die, hence the need for loyalists and supporters of candidates and political parties to maintain decorum and guide their public conducts before, …

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