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  •  Pelosi has right to visit Taiwan
    Pelosi has ‘right’ to visit Taiwan
     Pelosi has right to visit Taiwan
    Pelosi has ‘right’ to visit Taiwan
    Foreign2 weeks ago

    Pelosi has ‘right’ to visit Taiwan

    US House Speaker Nancy Pelosi has a “right” to go to Taiwan and China should not turn her still unconfirmed visit to the island into a “crisis,” a senior US official said Monday.

    “The speaker has the right to visit Taiwan,” John Kirby, spokesman for the White House National Security Council, told reporters.

    “There is no reason for Beijing to turn a potential visit consistent with longstanding US policies into some sort of crisis,” he said.

  •  Sell off Fidelity Bank BUA Cement shares drop market capitalisation by N226 45bn
    Sell-off: Fidelity Bank, BUA Cement shares drop market capitalisation by  N226.45bn
     Sell off Fidelity Bank BUA Cement shares drop market capitalisation by N226 45bn
    Sell-off: Fidelity Bank, BUA Cement shares drop market capitalisation by  N226.45bn
    Economy2 weeks ago

    Sell-off: Fidelity Bank, BUA Cement shares drop market capitalisation by  N226.45bn

    The equity market started the week and the month on a weak note due to sell-off in some largely capitalised, making capital capitalisation to drop by N226.45 billion.   

    The negative performance was driven by BUA Cement, Neimeith, Fidelity Bank, International Breweries, among others.  

    Consequently, the market capitalisation close at N26.936 trillion from the N27.163 recorded on Friday.  

    Also, the All-Share Index lost 0.83 per cent to close at 49,950.32 points compared to 49,667.14 recorded on Friday.  

    The year-to-date (YTD) return fell to 16.93 per cent.  

    Similarly, traded volume declined by 28 per cent with 176 million units traded and value traded fell 19 per cent to N2.2 billion.  

    However, market breath was  positive as 21 stocks gained and 14 declined.    

    Caverton Offshore Support Group and Courtville Business Solutions led the gainers’ chart in percentage terms by 10 per cent to close at N1.10  and 44k per share, respectively.  

    Champion Breweries followed with a gain of  9.59 per cent to close at  N4, while Unity Bank rose by 9.30 per cent to close at 47k per share.  

    Livestock also went up by 8.70 per cent each to close at N1.25. On the other hand, Bua Cement led the losers’ chart in percentage terms by 9.96 per cent each to close at N62.40  per share.  

    McNichols Consolidated  shed 9.89 per cent to close at 82k per share.  

    Neimeth International Pharmaceuticals also lost 9.68 per cent to close at N1.40 per share, while International Breweries lost 6.54 per cent to close at N5 per share.  

    Meyer & Baker declined by 6.42 per cent to close at N3.35 per share.  

    Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions reducing by 19.21 per cent.    

    A total of 176.05 million units of  shares valued at N2.27 billion.  

    Transactions in the shares of Guaranty Trust Holding Company (GTCO) topped the most volume chart with 21.37 million shares valued N426.8 million.  

    Zenith Bank followed with 20.452 million shares worth N429.28 million, while AccessCorp traded 16.79 million shares valued N149.67 million.  

    First Bank of Nigeria (FBNH)  traded 14.31 million shares valued N153.13 million, while United Bank for Africa transacted 14.26 million shares worth N100.53 million.


    NewsSourceCredit: NAN

  •  Fresh registration hits 10 4m as INEC suspends CVR
    Fresh registration hits 10.4m as INEC suspends CVR
     Fresh registration hits 10 4m as INEC suspends CVR
    Fresh registration hits 10.4m as INEC suspends CVR
    General news2 weeks ago

    Fresh registration hits 10.4m as INEC suspends CVR

    The Independent National Electoral Commission (INEC) says it recorded 10.4 million fresh registration in the nationwide Continuous Voter Registration (CVR) before it suspension on July 31. INEC said this in its CVR Update for Quarter 4, week 16, released on Monday, Aug. 1 in Abuja.

    The commission also said that during the period, 12.2 million registrants completed their registrations, of which 3.4 million registered online, while 8.8 million registered through physical registration.

    INEC gave the gender breakdown of the registrants who completed their registrations to be, 6,074,078 male and 6,224,866 female.

    The update also showed that 8,784,677 of the registrants that completed their registrations were youths, 2,430,709 middle aged, 956,017 elderly, 127,541 old persons, while 87,083 were Persons With Disabilities (PWDs).

    INEC also said that during the period of CVR, the commission received 31,098,013 applications including those for voter transfer, requests for replacement of PVCs, update of voter information record, etc, of which 216,442 was from PWDs. It gave the gender breakdown of those who applied to be 16,148,645 for male and 14,949,368 from women.

    A breakdown of the completed registration by states showed that Lagos has the highest number of registrants that completed their registration with 585,629 registrants, followed by Kano with 569,103 and Delta with 523,517. Ekiti has the lowest number of people who completed registration with 124,844, followed by Yobe 152,414, FCT 211,341 and Imo with 213, 270. The News Agency of Nigeria reports that the last CVR commenced in April 2017 and ended in August 2018, in the lead-up to the 2019 general elections.

    It was scheduled to resume in the first quarter of 2020 but was suspended following the break out of COVID-19 pandemic.

    However, INEC resumed the exercise on June 28, 2021 and suspended it on July 31. ABI
    NewsSourceCredit: NAN

  •  United States Coast Guard Mohawk cutter arrives in Freetown
    United States Coast Guard Mohawk cutter arrives in Freetown
     United States Coast Guard Mohawk cutter arrives in Freetown
    United States Coast Guard Mohawk cutter arrives in Freetown
    Africa2 weeks ago

    United States Coast Guard Mohawk cutter arrives in Freetown

    The USCGC Mohawk arrived in Freetown this weekend for a scheduled port visit.

    During the visit, Mohawk will host boat tours for Sierra Leonean government and military leaders and engage in discussions with members of the fishing community on the impact of illegal, unreported and unregulated (IUU) fishing, including a screening of a film by the award-winning Sierra Leonese documentary filmmaker Lansana Mansaray.

    “The US Embassy is proud to welcome the USCGC Mohawk to Freetown this week,” said US Ambassador David Reimer.

    “Supporting our partners in maritime security is a vital political priority for the United States.

    Maritime security cooperation ensures not only safer and more secure oceans, but also helps safeguard Sierra Leone's endangered marine biospheres, necessary for food security and environmental protection for future generations."

    “My team and I are excited to be in Freetown,” said Cmdr. Andrew Pate, Mohawk commanding officer.

    “One of our primary goals during this deployment is to enhance the ability of partner nations to operate effectively in the maritime domain and to promote targeted, effective and intelligence-driven enforcement operations.” Following this port visit, Mohawk will embark on a joint mission with officers from the Sierra Leone Joint Maritime Committee (JMC) Joint Operations Center (JOC) and Ministry of Fisheries to protect Sierra Leone waters.

    The United States and Sierra Leone have a proud history of working together to promote peace, stability, and security in Africa.

    In March, Sierra Leone participated in the Obangame Express 2022 exercise, the largest annual maritime security exercise in West Africa.

    These types of exercises strengthen alliances and allow countries to work more closely on transnational maritime challenges.

    The United States shares a common interest with friendly African nations in ensuring the safety and freedom of navigation in the waters surrounding the continent.

    These waters are critical to Africa's prosperity and access to global markets.

  •  BBNaija Hermes emerges head of house for week 2
    BBNaija: Hermes emerges head of house for week 2
     BBNaija Hermes emerges head of house for week 2
    BBNaija: Hermes emerges head of house for week 2
    Entertainment2 weeks ago

    BBNaija: Hermes emerges head of house for week 2

    Hermes, one of the housemates of the ongoing television reality show, Big Brother Naija, tagged “Level Up”, on Monday emerged the head of house for the second week in the show.

    This was announced by Biggie, the coodinator of the show, after completion of the head of house challenges by the housemates.

    Hermes, who is from the level 1 house and emerging winner of the head of house challenge would have his co-housemates immune from being nominated for possible eviction, as well as himself.

    Biggie announced that Hermes, the head of house would have the opportunity to nominate five housemates for possible eviction later in the evening but he was not allowed to mention to any housemates the names of those nominated.

    Hermes won the head of house title with the most balls in his bucket, beating Cyph and Dotun, who had only three balls respectively, in the final of the game.

    Chichi bagged the “tail of house” title for the second week with the worse performance during the head of house games.

    She would also share her reward with Dotun who was said to have mishandled his microphone while the game was ongoing.

    The 26 housemates currently on the show are bidding for the grand prize of N100 million. 


    NewsSourceCredit: NAN

  •  Auto crash claims 4 lives in Delta
    Auto crash claims 4 lives in Delta
     Auto crash claims 4 lives in Delta
    Auto crash claims 4 lives in Delta
    General news2 weeks ago

    Auto crash claims 4 lives in Delta

    Four people, allegedly transporting diesel illegally, lost their lives in an auto crash on Monday in Ughelli South Local Government area of Delta.

    A witness told newsmen that the accident happened early on Monday morning at the popular Ekuigbo Junction on the Road. The witness said that the victims, transporting a “black market” diesel, were allegedly being pursued by security operatives when driver of the vehicle lost control and rammed into a stationary truck and exploded.

    When contacted, DSP.

    Bright Edafe, the Police Public Relations Officer (PPRO), Delta Command, confirmed the incident to the News Agency of Nigeria through a phone call.

    “Yes, it is confirmed,” Edafe simply told NAN.


    NewsSourceCredit: NAN

  •  NASENI urges NUC to overhaul entrepreneurship education curriculum
    NASENI urges NUC to overhaul entrepreneurship education curriculum
     NASENI urges NUC to overhaul entrepreneurship education curriculum
    NASENI urges NUC to overhaul entrepreneurship education curriculum
    General news2 weeks ago

    NASENI urges NUC to overhaul entrepreneurship education curriculum

    The National Agency for Science and Engineering Infrastructure (NASENI) on Monday called on National Universities Commission (NUC) to overhaul the curriculum used in teaching entrepreneurship courses in the nation’s universities.

    .

    The Executive Vice Chairman NASENI, Prof. Mohammed Haruna, canvassed this at the ground breaking of the permanent site of its Skills Development Centre and North Central Science and Engineering Integrated Laboratory, Keffi, Nasarawa State.

    Haruna, who is also the Chief Executive of the agency, said most tertiary institutions in the country had no qualified lecturers and the enabling environment to teach entrepreneurship.

    The NASENI boss explained that entrepreneurship was a practical course taught only by practicing entrepreneurs.

    He said that experts in management sciences and marketing with no training in entrepreneurship were not competent enough to teach entrepreneurship courses.

    Prof. Haruna assured that NASENI skills development centres across the country would collaborate with willing tertiary institutions in their catchment areas to bridge the manpower gap.

    He said that the inauguration of NASENI skills development centre, Keffi symbolised government’s commitment to the development of technology base for the nation.

    Haruna said the centre would serve as a knowledge transfer centre for the development of traditional design technology and standardisation.

    This, according to him, is aimed at quality control with a view to enhancing the marketability of products developed by adopting indigenous technology and methods.

    “This in turn will facilitate job creation and economic empowerment of our teeming populace especially youths.

    “The establishment of Keffi skills centre will also complement the efforts of both the state and federal governments on job creation.

    “For peace to prevail in any society, citizens, particularly the youth, must be meaningfully engaged and gainfully employed through capacity building for the generation of job opportunities”, he said.

    He said the establishment of the skills development centres across the country would also help the nation to leapfrog into the 4th industrial revolution.

    “We cannot afford to be left behind as low technology base is the bane of underdevelopment”, he said.

    The NASENI boss commended the efforts of Nasarawa state government in reviving crafts schools and Technical Colleges for skills acquisition, which he described as ‘must’ for industrial development.

    Earlier, the Emir of Keffi, Dr Shehu Yamusa III, thanked President Muhammadu Buhari and NASENI for the establishment of the agency’s skills development centre in the area The traditional ruler said that the centre would go a long way to reduce youth unemployment in Keffi in particular and Nasarawa state in general.

    Also, Alhaji Mohammed Idris, Chairman of National Youth Council of Nigeria (NYCN), Keffi Chapter, expressed gratitude of Keffi Youth to Buhari administration for its numerous youth empowerment programmes since assumption of office.


    NewsSourceCredit: NAN

  •  INEC disowns online voter registration website
    INEC disowns online voter registration website
     INEC disowns online voter registration website
    INEC disowns online voter registration website
    General news2 weeks ago

    INEC disowns online voter registration website

    The Independent National Electoral Commission INEC has disassociated itself from an online website urging Nigerians to enrol for Permanent Voters Card (PVC).

    INEC said this in a statement by Mr Festus Okoye, the National Commissioner and Chairman, Information and Voter Education Committee, in Abuja on Monday describing the website as fake.

    “Barely 24 hours after the suspension of voter registration, INEC attention has been drawn to an online site urging Nigerians to enrol for voter card (PVC) registration,” Okoye said.

    He said that the scammers claimed that the Federal Government has approved individual Permanent Voter Card (PVC) registration online, to avoid unnecessary crowd at the National Identity Management Commission (NIMC) centers.

    “The Commission states unequivocally that the site is not linked to the commission and the is spurious and from a dubious source,” he said.

    Okoye said that INEC was the only body constitutionally and legally mandated to conduct the registration of persons qualified to vote in any election in Nigeria and to update and revise the register when the need arose.

    “The commission is solely responsible for organising, undertaking, and supervising national elections in the country and does not share this responsibility with anybody or organisation.

    “Members of the public are strongly advised not to succumb to the antics of online scammers and should avoid such fake sites.

    “The commission has concluded the Continuous Voter Registration nationwide and does not need to open an additional site or portal for the purposes of registration of voters,” he said.


    NewsSourceCredit: NAN

  •  U S mission welcomes new Consul General in Lagos
    U.S. mission welcomes new Consul General in Lagos
     U S mission welcomes new Consul General in Lagos
    U.S. mission welcomes new Consul General in Lagos
    General news2 weeks ago

    U.S. mission welcomes new Consul General in Lagos

    The U.

    S. mission has welcomed Mr Will Stevens as the new Consul General at the Consulate General in Lagos.

    The mission, in a statement, said Stevens arrived in Lagos on Friday, July 29, following consultations in Washington, D.

    C..

    The mission said Stevens had served over 19 years in the U.

    S. Department of State as a career Foreign Service Officer with overseas experience in South Africa, Russia, Turkmenistan, Israel, and Belarus.

    The News Agency of Nigeria reports that Stevens succeeds Claire Pierangelo, who led the consulate from August 2019 to April 2022. The mission quoted the new consul general to have said that he and his family looked forward to “getting to know Nigeria first-hand – exploring the region, experiencing the culture, and most importantly, meeting the people”.

    NAN also reports that Stevens is the senior U.

    S. government representative to the Nigerian people throughout the 17 states in the southern part of the country.

    He will be responsible for leading and overseeing U.

    S. government activities that enhance trade and investment relations and bilateral people-to-people ties across the region.

    Before arriving in Nigeria, Stevens served as the Acting Consul General in Cape Town, South Africa, where he directed the U.

    S. government’s engagement in South Africa’s three cape provinces.

    Under his leadership, US-South Africa’s trade and investment expanded by 50 percent over two years, and he coordinated the U.

    S. government’s response to COVID-19 in the Cape.  
    NewsSourceCredit: NAN

  •  Aimee Cutrona arrives as Charg d Affaires of the United States Embassy in Morocco
    Aimee Cutrona arrives as Chargé d’Affaires of the United States Embassy in Morocco
     Aimee Cutrona arrives as Charg d Affaires of the United States Embassy in Morocco
    Aimee Cutrona arrives as Chargé d’Affaires of the United States Embassy in Morocco
    Africa2 weeks ago

    Aimee Cutrona arrives as Chargé d’Affaires of the United States Embassy in Morocco

    Aimee Cutrona, a career member of the US Senior Foreign Service, today became Chargé d'Affaires at the US Embassy in Morocco, following the departure of former Chargé d'Affaires David Greene in July. Before coming to Rabat, she last served in Washington, DC as Deputy Assistant Secretary of State for Levant Affairs.

    Prior to that, she was director of the Bureau of Levant Affairs at the Department of State and served as deputy chief of mission at the US Embassy in Ababa, Ethiopia, and later in El Salvador, Qatar, and Egypt, in addition to various assignments in Washington, DC She is a graduate of Smith College and has a master's degree in International Relations and Conflict Management from the Johns Hopkins School of Advanced International Studies.

    (SAIS).