Shareholders of the Nigerian Exchange Group Plc (NGX Group,) formerly the NSE, have voted in support of the resolutions presented by the Group at its 60th Annual General Meeting (AGM). The shareholders voted in favour of the resolutions at the first AGM of the NGX Group as a demutualised, shareholder-owned, for-profit entity, in Abuja on Thursday. The Group’s Chairman, NGX Group, Otunba Ogunbanjo said that the AGM was historic since it was the first outside Lagos State in the history of the NGX. “This meeting is also historic in that it marks the first time in the history of the…
Author: Abdallah el-Kurebe
Guaranty Trust Bank, now Guaranty Trust Holding Company Plc, has posted a profit before tax (PBT) of N93.1 billion for the six months ended June 30, according to the Group Chief Executive Officer of Guaranty Trust Holding, Mr Segun Agbaje. Disclosing the company’s audited financial results for the period ended June 30, on Friday, in Lagos, Agbaje noted that the group’s PBT represented a decrease of 15.2 per cent, when compared to the N109.7 billion recorded in the same period in 2020. Also, profits in the period under review dipped to N79.41 billion from N94.27 billion achieved in the same…
Yiaga Africa, an independent election observer group, has urged the National Assembly to accelerate the passage of the electoral amendment bill as it resumes sitting on Sept 14. In a statement it issued on Thursday, the group said that the passage of the amendments bill would strengthen elections by legalising the deployment of technology for accreditation, voting and transmission of election results. The statement, signed by Cynthia Mbamalu Director of Programs, Yiaga Africa, also commended the Independent National Electoral Commission (INEC) for its consistent efforts at improving the quality and transparency of elections in the country. Yiaga Africa also lauded…
By Abujah Racheal Seven more people have died from COVID-19 complications as Nigeria recorded 559 fresh cases on Thursday, the Nigeria Centre for Disease Control (NCDC) said in its infections update published on its Facebook page on Friday. The additional 727 COVID-19 infections, on Thursday, indicated an increase over the 559 cases reported on Wednesday and was attributed to the third wave surge caused by the highly transmissible Delta variant and low vaccination rates across the country. The NCDC noted that Nigeria’s COVID-19 cases had jumped to 197,773 on Thursday. To date, it said that 2,585 persons have died due to complications from…
Following a court order, the Independent National Electoral Commission (INEC) has recognised Mr Valentine Ozigbo as the candidate of the Peoples Democratic Party (PDP) for the Nov. 6 Anambra governorship election. The commission disclosed this in a statement by Mr Festus Okoye, National Commissioner and Chairman, Information and Voter Education Committee, on Thursday in Abuja. Okoye said INEC met on Thursday and considered a number of issues relating to the governorship election, including the latest court order. “The Court of Appeal has ordered the commission to recognise and publish the name of Ozigbo as the governorship candidate,” he said. He…
It has been a bad week for West Africa with the third coup in five months. It started in Chad, then Mali and now Guinea. Maybe the most ominous sign of the week is the announcement by Gambian President Adama Barrow that he has formed an alliance with expelled tyrant, Yahya Jammeh, to contest the December 4th 2021 elections in the Gambia. Jammeh had terrorised the people for his 22-years in power following the 1994 coup d’état, killing human rights defenders, dissidents and protesters. He lost the 2016 elections and refused to hand-over power until he was forcibly removed from…
Stakeholders in the Northwest have applauded the adoption of ‘consensus’ approach by the All Progressives Congress (APC) in electing its officials, saying other options would have led to internal wrangling over authenticity of results. Expressing their feelings during separate interviews with Correspondents of NAN in Kaduna, Kano, Sokoto, Katsina and Birnin Kebbi, most of them were of the opinion that the exercise would have positive impact on future elections. Others, however, expressed their reservations about the possible gains of adopting the Consensus option, citing instances of irregularities in some states, resulting in the conduct of parallel Congresses. They argued that…
The Nigeria Union of Journalists, NUJ, has inaugurated a committee to oversee the affairs of Rivers State council. A statement jointly signed by the chairman and secretary, Mr Amaechi Okonkwo and Justice Ihunwo, respectively on Thursday, said the decision followed a stalemate that suffused the scheduled August 12, 2021 election into the state council. The Committee made up of Chairmen and Secretaries of Chapels of the State Council is mandated to, in accordance with the Constitution of the union, oversee and run the affairs of the Union pending the conduct of the election. The tenure of the former committee of…
By Lizzy Carr, Bauchi Bauchi State Ministry of Budget and Economic Planning has held public hearing on the 2022 budget across the 3 senatorial zones of of the state. Speaking at the closing of the hearing conducted at Zaranda Hotel for Bauchi South, the State Commissioner of the ministry, Aminu Hammayo said the hearing is to get inputs from the citizens in line with government’s resolve to have an all-inclusive budget. “The public hearing is to get input from people especially at the grassroots level before the formulation of the budget”. “Government wants to allow wider participation as this will…
The Court of Appeal, Abuja Division, has dismissed an appeal filed by Mr Edozie Njoku and Chinedu Okoro challenging the judgment of its Kano Division on August 10. The Kano Division’s judgment had affirmed Mr Victor Oye as the National Chairman of the All Progressives Grand Alliance (APGA), which the Abuja Division said subsisted. Ruling on the appeal marked CA/AW/256/ 2021, filed against Mr Sylvester Ezeokenwa and five others, the appellate court held that the appeal constituted an abuse of judicial process. In a unanimous decision read by Justice Jummai Sankey, the court held that considering the principle of “starre decisis”, it…