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Staff Raise Alarm As Provost Escapes With ₦19m Official Car

January 23, 2020 10:32 am
There is tension at the Federal College of Cooperative, Ibadan, over the alleged refusal of the immediate past Provost of the college, Mr Felix Ikechukwu Okafor, to hand over a ₦19m official car to in his possession to the institution.

THISDAY gathered from staff of the college that some of them are worried over the refusal of Mr Okafor to had over the keys of the car to the institution four months after his retirement.

It was learnt that Okafor’s original retirement date was September 20, 2019 but instead of him to hand over to the officer next to him,

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Burns, Sibley Raise England Hopes

December 28, 2019 5:14 pm

New Zealand  raised English hopes with a solid opening partnership after England were set a challenging 376 to win on the third day of the first Test against South Africa at SuperSport Park on Saturday.

England were 121 for one wicket at the close of play, needing another 255 runs to win.

The left-handed Burns and right-handed Sibley put on 92 for the first wicket before Sibley pushed back a return catch to left-arm spinner Keshav Maharaj after making a patient 29.

Burns made 77 not out and saw out the day with first innings top-scorer Joe Denly, who was …

Increasing Fires Raise Insurers’ Claims Payment To ₦27bn

December 5, 2019 11:01 am

Rising cases of fire outbreaks in major markets across the country has left the country with huge human and material casualties running into several billions in the last three months of 2019, with experts stressing it could further balloon the Nigerian insurers claims payment by the end of the year.

Insurance and loss adjusting experts have however estimated that over N120 billion worth of goods and properties may have been lost to these recent fire incidences in the country with traders and business owners bearing the brunt of such circumstances groaning under the heavy weight of loss and unpaid …

Reps Raise 2020 Budget To ₦10.6trn From ₦10.33trn

December 5, 2019 7:13 am

According to NAN the House of Representatives has raised the 2020 Appropriation Bill from ₦10.33 trillion to about ₦10.6 trillion.

The new figure has been proposed by the House Committee on Finance, which is scheduled to lay its report on the national budget at the plenary today (Wednesday).

The committee has recommended a total budget sum of N10,594,362,364,830.

Read Also: Just In: Orji Kalu Jailed 12 Years For Fraud

President Muhammadu Buhari had on October 8, 2019, presented the appropriation bill to a joint session of the National Assembly.

Both the executive and the legislature plan to pass the bill …

Guinea

Guinea Insurance To Raise ₦8bn

November 27, 2019 5:45 am

Guinea Insurance plc has secured shareholders’ approval to increase the company’s operating capital to ₦12 billion, from the present level of ₦4 billion.

The company said it intends to achieve this through the sale of 16 billion ordinary shares of 50 kobo each to the existing shareholders.

The company’s Chairman, Godson Ugochukwu at the 61st Annual General Meeting of the company held recently in Uyo, Akwa Ibom said, “the approval, as given by our perceptive shareholders, brings to the table, penetrating insights and sustainable fair shakes that will bolster our get-up-and-go capital structure re-organisation action plans.

Read Also: Allen Onyema:

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CDHR Raise Alarm, Says There’s An Attempt To Silence Falana

November 24, 2019 10:46 am

The Committee for the Defence of Human Rights (CDHR) has declared that there is an attempt to silence the voice of Femi Falana, human rights lawyer.

On Wednesday, a group, Save Nigeria Movement, had asked Falana to stop intimidating security agencies.
During its rally in Abuja, the group displayed banners with inscriptions such as “Falana stop blackmailing Nigerian military” and “Falana enough is enough”.

But in a statement on Sunday, Osagie Obayuwana, CDHR national president, condemned the protest against the lawyer.
He said the action of the protesters showed that they were sponsored in an attempt to silence Falana.

He …

BAMIB, A Pencil Company To Raise Production By 18,650 Times

BAMIB, A Pencil Company To Raise Production By 18,650 Times

October 25, 2019 7:03 am

To scale up and compete favourably with foreign competitors, BAMIB Resources and Investment Company Limited is planning to raise its production of pencils to 18,650 annually, over its current level of 2.4million.

Managing Director of BAMIB, Muideen Ibrahim, who made the disclosure to the News Agency of Nigeria (NAN) in Abuja, however, appealed to the Federal Government to provide the facility and enabling environment for the company to expand its production.

The company, which started production on August 1, 2018, is the first indigenous pencil manufacturing company in Lagos State and second in the country. Currently, it produces 2.4 million …

Air Controllers Raise Fear Over Airspace Safety, Workforce

Air Controllers Raise Fear Over Airspace Safety, Workforce

October 21, 2019 3:20 am
  • Canvass better funding of NAMA

Air Traffic Controllers (ATCs) yesterday bemoaned the perennial challenges in the Nigerian airspace and its management, maintaining that very little had changed in terms of safety concerns, inadequate and untrained workforce, among other issues facing the aviation sector.

On the occasion of the International Day for Air Traffic Controllers across the world yesterday, the controllers stated that the Federal Government and the Ministry of Aviation had a lot do in terms of their routine training and upgrade of facilities to enhance the safety of flights and travellers.

Specifically, they requested for proper funding of

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Minimum Wage: NLC Urges FG Not To Raise Fuel Price, Taxes

Minimum Wage: NLC Urges FG Not To Raise Fuel Price, Taxes

October 19, 2019 5:50 pm

Organised Labour (NLC) has urged the Federal Government not to embark on any policy measures that will erode the expected gains of the new ₦30,000 new minimum wage for workers.

In a statement issued Saturday by the President of the Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, the labour specifically asked the federal government not to approve any further tax policy or increase in the prices of petroleum products.

“We also call on government to refrain from introducing counterproductive economic policies and decisions that would erode the current wage gain achieved by workers. Any further increase in petroleum product prices, …

Federal Government To Raise ₦1.07tn In Order To Fund Budgets

Federal Government To Raise ₦1.07tn In Order To Fund Budget

September 29, 2019 1:34 am

The Federal Government is planning to raise about ₦1.07tn from the sale of property and businesses in the next three years to shore up dwindling revenues.

The money, according to investigations by News Agency will be used to fund the 2020, 2021 and 2022 budgets partly.

This is just as government battles overwhelming domestic and foreign debts as it seeks funds to implement its budgets.

The Federal Government disclosed the plan to sell the assets in the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper being worked on by the Senate Committees on Appropriation and Finance.

According to the …

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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