The Nigerian Stock Exchange (NSE) recorded another feat on Friday with the admission of Briclinks Africa Plc by way on introduction into the growth board (GB). Speficially, the company listed 10 million ordinary shares of N1 each at N6.26 per share. Briclinks Africa Plc is a telecommunication company that empowers businesses and homes to thrive in a connected world through the provision of broadband data, voice system, upgrade, maintenance and other communications cloud-based industry solutions, and integrated services. Mr Oscar Onyema, NSE Chief Executive Officer, speaking at a virtual closing gong ceremony to commemorate the listing in Lagos, described the…
Author: Editor
The Muslim Rights Concern (MURIC) has called on the federal government, to compensate farmers whose crops were destroyed by herdsmen’s cows. In a statement by its Director, Professor Ishaq Akintola on Friday, MURIC suggested that the compensation which could be instalmental, should be paid to farmers whose farms were destroyed in all states of the federation. The group said it now has concrete evidence of the culpability of herdsmen, including video clips in which cows destroyed farms belonging to members of the organization. “MURIC is now in possession of indubitable evidence of the destruction of crops on farmlands by cows…
Nigeria’s apex bank, Central Bank of Nigeria, CBN, has ordered Deposit Money Banks (DMBs) and other financial institutions to close accounts of persons who are using their systems for cryptocurrency trading in the country. A cryptocurrency is a virtual or digital currency that appreciates or depreciates on the whims of market forces. A statement jointly signed by the Director of Banking Supervision, Bello Hassan and Director of Payments System Management Department, Musa Jimoh on Friday, the CBN said that facilitating payments for cryptocurrency exchange is prohibited. “Further to earlier regulatory directives on the subject, the bank hereby wishes to remind regulated…
Nigerian government has placed a 72-hour suspension on Emirates outbound flights. This is contained in a circular by the Director General of the Nigerian Civil Aviation Authority, NCAA, Musa Nuhu on Thursday. It disclosed that the airline was suspended because it violated guidelines placed by the Presidential Task Force on COVID-19. Nuhu explained that the airline has been airlifting passengers from Nigeria using rapid antigen tests conducted by laboratories not approved by regulatory authorities. “Based on the foregoing and to enable the Nigerian government to put in place the needed infrastructure and logistics for COVID-19 RDT testing for departing passengers,…
A 31-year-old man in Edo, Mr Terry Ikponmwosa has narrated how he was sold four times by human traffickers in Nigeria before he could get to Libya en route to Europe, where he hoped for a good life. Ikponmwosa, in an interview with on Friday in Benin, said he was taken into modern-day slavery in Nigeria without him realising it. “l embarked on a journey to Europe and ended up being sold four times in Nigeria before I got to Libya. “After my secondary education, I went into business. I opened a cement retailing shop which was very lucrative and…
Some capital market shareholders have tasked the Nigerian Stock Exchange (NSE) to ensure transparency and inclusive participation in its demutualisation process. They disclosed this in an interview on Friday in Lagos against the backdrop of NSE’s transition to a demutualised exchange. Demutualisation of a stock exchange is a process by which a non-profit, member/ brokers owned mutual exchange is converted into a profit seeking shareholder corporation, open to members of the public. Demutualising an exchange therefore transforms it from being owned by members or brokers, to one with a different governance structure where members of the public can buy shares.…
The Department of Petroleum Resources (DPR) says Nigeria will earn about $500 million from the signature bonuses to be awarded for 57 marginal oilfields in the country. The agency said the bid round processes for the oilfields which began in June 2020 would be concluded by the end of the first quarteruarter of 2021. Mr Sarki Auwalu, a Director in DPR, made the disclosure while speaking on Friday during a television programme monitored min Lagos. Marginal field is that which has reserves booked and reported annually to the DPR and has remained unproduced for a period of over 10 years.…
Internet Television Service provider Showmax says it will be streaming “I Am LAYCON”, a television show in the U.K., France, Italy Australia and 23 other countries outside Africa. Showmax’s Public Relations Officer in Nigeria Onna Okafor, who made the disclosure on Friday in Lagos said the company’s first Nigerian original series, I Am LAYCON, would be launched on Feb. 11, 2021 on its platform. It said showmax subscribers in the U.K., Italy, France, Australia and 23 other countries would be able to stream the programme in addition to the series available across Africa. I Am LAYCON will feature 10 episodes…
South Korean candidate for the top post at World Trade Organization (WTO), Yoo Myung-hee on Friday withdrew her bid, this clearing the way for her Nigerian rival to take the post, Yonhap has reported. She said that the future of the organization had become uncertain following prolonged leadership vacancy. “Due to the prolonged vacancy of the leadership at the WTO, the future of the organization also has become uncertain,” Yoo said in a press briefing in Seoul. “To speed up the consensus building among the member countries on selecting a new director-general, I have decided to renounce my candidacy through…
The Nigeria Centre for Disease Control (NCDC) has registered 1,340 new cases of coronavirus (COVID-19), bringing the total number of infected people in the country to 136,030. The NCDC disclosed this on its official Twitter handle on Thursday. The country has so far tested 1,302,410 people since the COVID-19 index case was recorded on Feb. 27, 2020. The NCDC also confirmed additional 14 coronavirus-related deaths in the last 24 hours, bringing the total number of those who had succumbed to the disease to 1,632. The agency said the new infections were recorded in 21 states and the Federal Capital Territory (FCT).…