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  •  Investors gain N81bn as equity market closes positive
    Investors gain N81bn as equity market closes positive
     Investors gain N81bn as equity market closes positive
    Investors gain N81bn as equity market closes positive
    Economy2 weeks ago

    Investors gain N81bn as equity market closes positive

    Trading activities at the Nigeria equity market closed on positive posture, as investors raked in N81.01 billion gain on Friday.

    Similarly, the gain made the market capitalisation to close at N27.358 trillion from N27.276 trillion recorded on Thursday.

    Also, the All-Share Index (ASI) of the Nigerian Exchange Ltd. rose by 190.03 points or 0.28 per cent to 50,722.33 points from N50,582.30 points it was at the previous trading.

    Consequently, this indicated a year-to- date return of 18.74 per cent. 

    The market breadth was positive as 23 stocks advanced and nine declined. 

    On the performance level, Eterna led the gainers with 10 per cent share price appreciation closing at N7.15 per share.

    Multiverse Mining & Exploration followed by 9.94 per cent to close at N1.88 per share.

    Japaul Gold and Ventures rose by 9.68 per cent to close at 34k per share, while PZ Cussons Nigeria grew by 9.63 per cent to close at N10.25 per share.

    Also, Jaiz Bank increased by 8.86 per cent to close at 86k per share.

    On the other hand, Unilever Nigeria led with depreciation by 10 per cent to close at N13.50 per share.

    Skyway Aviation Handling Co. was the next, dropping by 8.76 per cent to close at N6.25 per share.

    Guinness Nigeria fell by 8.29 per cent to close at NN83 per share, while Consolidated Hallmark Insurance went down by 7.69 per cent to close at 60k per share.

    Regent Alliance Insurance depreciated by 7.41 per cent to close at 25k per share.

    Honeywell Flour Mill was the most active stock, traded with the highest volume of 22.02 million units of shares worth N64.08 million.

    It was followed by Guaranty Trust Holding which transacted  21.7 million units of shares valued at N445.68 millionFBN Holdings sold 11.3 million units of shares at N123.78 and Zenith Bank transacted 10.17 million units of shares worth N223.06 million.

    Transcorp traded 8.72 million units of shares valued at N9.87 million.

    .


    NewsSourceCredit: NAN

  •  Lagos PDP stalwart Gbadamosi declares support for Peter Obi
    Lagos PDP stalwart, Gbadamosi declares support for Peter Obi
     Lagos PDP stalwart Gbadamosi declares support for Peter Obi
    Lagos PDP stalwart, Gbadamosi declares support for Peter Obi
    General news2 weeks ago

    Lagos PDP stalwart, Gbadamosi declares support for Peter Obi

    A stalwart of the  PDP in Lagos State, Mr Babatunde Gbadamosi (BOG)  on Friday, defected to the Labour Party (LP), declaring support for its presidential candidate, Mr Peter Obi. Gbadamosi, a former governorship candidate of the African Democratic Party and a former Lagos East Senatorial Candidate of the PDP, made this known in a statement in Lagos.

    “I had completely lost hope,  especially in the youths of Nigeria,  considering how the senatorial bye-elections panned out,  after the traumatic events of the  #EndSARS.

    “However, the exit of Peter Obi from the PDP and his subsequent emergence as the Presidential candidate of the LP, and his brilliant choice of Mallam Yusuf Datti Baba-Ahmed as running mate have rekindled my hope.

    “I am 54 years old, and never in my life have I been privileged to witness the kind of energy, vim, vigor, unity and tenacity of purpose being exhibited by youths of all ethnicities and religious backgrounds in Nigeria over a political candidate.

    .

    “I hereby publicly declare my resignation from the PDP and wish all the remaining members well.

    “By the same token, I also hereby publicly declare my support for the Labour Party and its presidential candidate, Mr Peter Obi,” Gbadamosi said.

    He recounted how he joined the PDP in Ikorodu in 2008 and remained  a loyal member of the party, contributing whatever he could to the growth and development of the party in Lagos state and throughout Nigeria, until he took an early retirement from partisan politics in 2017. “I came to recognise that the problems of PDP run quite deep, and their tepid opposition  is in fact by design of some  individuals populating the party leadership from top to bottom,” he said.

    He said that he was motivated that almost all youths, who were not professional politicians or influencers-for-hire, had been popularising Obi’s presidential ambition.

    He said that Obi had over the years, shown himself to be a creative, prudent and frugal administrator as well as a trustworthy custodian of public funds.

    Gbadamosi also described the LP vice presidential candidate, as urbane, prudent, practical and principled politician.

    He said: “These two share a passion for education and knowledge, with Obi’s documented exploits in the education sector as governor of Anambra and Baba-Ahmed’s direct investment in education as Pro-Chancellor of the highly respected Baze University, Abuja.

    “Both share a disdain for graft and believe in exterminating contract padding.

    “I find myself left with no choice, when faced with the alternatives, but to publicly throw in my lot with these two fine gentlemen, especially considering that another good Uncle of mine, Dr Doyin Okupe is one of the navigators of their journey and had invited me very much earlier.


    NewsSourceCredit: NAN

  •  IDPs PRNigeria urges FG Red Cross others to intervene in Niger Kebbi
    IDPs: PRNigeria urges FG, Red Cross, others to intervene in Niger, Kebbi
     IDPs PRNigeria urges FG Red Cross others to intervene in Niger Kebbi
    IDPs: PRNigeria urges FG, Red Cross, others to intervene in Niger, Kebbi
    General news2 weeks ago

    IDPs: PRNigeria urges FG, Red Cross, others to intervene in Niger, Kebbi

    PRNigeria, an Image Merchant Promotion outfit, has called on the Federal Government, Red Cross Society and other humanitarian agencies to assist IDPs in Kagara and Chonoko communities in Niger and Kebbi states.

    Mukhtar Madobi, an investigation staff member of the organisation, made the call during a roundtable Media Interface and Presentation of a report on Humanitarian Situations in Kebbi and Niger states on Friday in Abuja.

    He said the over 10,000 IDPs in Chonoko community in Kebbi were living under hardship as they had no basic necessities of life.

    Madobi said most of the schools in the community were closed down due to the fear of attacks by bandits, adding that some of the schools in town had been turned into IDP camps.

    “This has sent a lot of students out of classes, leading to increased number of out-of-school children in the area.

    ” Chonoko community is suffering from lack of water; investigations show that residents and IDPs usually battle for water from the two available boreholes.

    People spend nights to queue for water.

    “IDPs are living in a crowded shelter, for example, 20 people are sharing a single room.

    NEMA are trying their best, but the items don’t get to the vulnerable communities and people.

    “Government and security forces should sustain effort towards restoring peace and security to affected communities.

    ” He called on NEMA, Red Cross, International Donors and NGOs to provide adequate shelters to the IDPs.“Also, education should be rescued and medical supplies be considered to ensure sound healthcare delivery,” Madobi said.

    On Kagara community in Niger, Madobi said residents were assisting victims of bandit attacks  with foods and materials, adding that most IDPs were engaged in businesses to sustain their lives.

    According to him, security has improved in Kagara, but that bandits are still attacking the surrounding villages.

    He said  the Vigilantes were not well equipped with good weapons which reduced their efforts in confronting the bandits.

    “We also discovered that farmers were paying levies to bandits to have access to their farms and conduct farming activities, thus, farming has been affected, leading to food crisis.

    “Most schools in Kagara are closed and the only General Hospital is providing skeletal services because medical personnel usually refuse posting to the community, because of fear of bandit attacks.

    He appealed to Federal Government to boost security in villages by providing sophisticated weapons to vigilantes.

    He also said that security personnel should be posted to critical infrastructure like schools and hospitals to encourage teachers and health personnel posted to the community.

    Speaking, the Head, Press Unit of NEMA, Mr Manzo Ekekiel, said the Agency was committed to the sustainable provision of relief materials to IDPs, especially those affected by insecurity and other disasters across the country.

    Ezekiel said the Agency had put in place necessary measures to ensure seamless and hitch-free distribution of relief materials to the communities affected by insecurity challenges and other disasters such as flooding across the countryHe underscored the need for synergy between the Agency, Security Agencies, State Governments and Community Leaders to have unfettered access to the IDPs camps.

    “The Kagara that we were discussing here and Chonoko, their locations are within the same general areas, so the DG has a cause to go to Kotongora to go and flag off the relief distribution there.

    “Kagara is under our Minna Office, and I am aware that a lot of relief materials approved by the Agency have been delivered to the IDPs there.

    “Also, Chonoko is under our office in Sokoto and I am also aware that our Coordinator there has delivered the relief materials approved at that location too.

    “I want to say, in fact, there must be strategic reasons why PRNigeria picked on these two communities.

    “But I must say here that not only these two communities are affected by insurgency and displacement of persons.

    Recently, we were in Plateau to deliver materials to people affected by gunmen in Kanam Local Government,” Ezekiel said.


    NewsSourceCredit: NAN

  •  NSCDC nab 3 suspects for committing different offences in Ilorin
    NSCDC nab 3 suspects for committing different offences in Ilorin
     NSCDC nab 3 suspects for committing different offences in Ilorin
    NSCDC nab 3 suspects for committing different offences in Ilorin
    Defence/Security2 weeks ago

    NSCDC nab 3 suspects for committing different offences in Ilorin

    The Nigeria Security and Civil Defence Corps (NSCDC), Kwara Command, has arrested three suspects for committing different offences bordering on theft, criminal breach of trust and rape.

    The Spokesman of the Command, Mr Ayeni Olasunkanmi, told newsmen on Friday in Ilorin that the suspects were arrested at different times.

    Olasunkanmi said that one Arowolo Ayodeji, a 55-year-old man, was arrested following report of his sexual relationship with his 19 years old daughter.

    He explained that the victim reported the case through the Social Welfare Unit of NSCDC, narrating how the father had been having relationship with her, since she was seven years.

    The spokesman said that the suspect (Ayodeji) lived with his daughter at Ijero-Ekiti, Ekiti State, and had been sexually harassing the daughter for 12 years.

    “The man visited his daughter in Ilorin and wanted to have his way as usual, but she refused and escaped from his evil plan,” he said.

    Olasunkanmi further said that the second suspect, Qodri Ademola, from Gaa-Odota Ilorin, stole 21 phones that belonged to some students at the venue of JAMB examination centre, Aromaradu, Ita-Amodu Area, Ilorin.

    He said that Ademola pretended to be selling nose mask at the venue of the examination centre and was entrusted with students phones during the examination on May 10. The spokesman said that the suspect absconded with the students phones and had been on the run until he was arrested by NSCDC officers on Aug. 2. He however said that the third suspect, Showole Emmanuel, 19 years old, broke into a house at Sango Area, Ilorin, and stole car spare parts from a parked vehicle.

    Olasunkanmi said that Emmanuel pretended to be a scavenger that picks iron material at refuse dump, but  specialised in stealing and house breaking.

    He said that the three suspects confessed to have committed the offences and would be prosecuted immediately, to serve as a lesson to others like them.


    NewsSourceCredit: NAN

  •  Anglican Primate Inaugurates new law faculty building in Paul University Awka
    Anglican Primate Inaugurates new law faculty building in Paul University Awka
     Anglican Primate Inaugurates new law faculty building in Paul University Awka
    Anglican Primate Inaugurates new law faculty building in Paul University Awka
    Education2 weeks ago

    Anglican Primate Inaugurates new law faculty building in Paul University Awka

    The Anglican Primate, Most Rev Henry Ndukuba on Friday inaugurated a new law faculty building donated to Paul’s University, Awka, by the Anglican Diocese of Awka in Anambra.

    The inauguration was part of activities to mark the 60th birthday of Most Rev Alexander Ibezim, the Archbishop of Province of the Niger and Bishop of Awka Diocese.

    Ndukuba commended the diocese for its contribution to the development of education in the country.

    He said that education was part of what the church inherited from early missionary through late Bishop Ajayi Crowther.

    “Education is a tool with which any nation develops its society,” the primate said.

    He appealed for more partnership from other Anglican dioceses to promote education of the citizens.

    “The students in public universities have been out of school for over five months and it is not a developmental plan for the nation.

    “The students need quality teaching so as to meet up with their counterpart in western world,” he said.

    He thanked the diocese for standing in the gap in the development of education in the country.

    Ibezim said that the diocese intended to have a classic University that would train and produce seasoned graduates to contribute to development of the nation.

    The Vice Chancellor of the University and Venerable, Prof.Obiora Nwosu said that the university had adequate human resources to reposition the school to compete with other universities.

    Nwosu said that Awka Diocese had demonstrated that the church was prepared to offer quality education to students.

    Prof Chinyere Okunna, the Deputy Vice Chancellor, Academic said that the church was prepared to run the university rightly.

    Okunna said that the university though owned by the Anglican communion had what it took to train undergraduates of repute.

    She said that the university already have four faculties  of Law, Art, Social and Management Sciences.

    Highlights of the event included the handing over of the building to the Primate for the operational excellence of the 55 dioceses of East of the  Niger that owned the University. 

    The primate also inaugurated the Millennium College of Nursing Science, Awka.
    NewsSourceCredit: NAN

  •  Lagos police arrest 300 suspects in July
    Lagos police arrest 300 suspects in July
     Lagos police arrest 300 suspects in July
    Lagos police arrest 300 suspects in July
    Defence/Security2 weeks ago

    Lagos police arrest 300 suspects in July

    The Lagos Police Command has arrested no fewer than 300 suspected criminals for various crimes ranging from armed robbery, rape, defilement and cultism in the month of July. This is contained in a statement posted on Friday on the official Twitter handle of the Lagos State Government signed by the Commissioner of Police, CP Abiodun Alabi.

    In the monthly Police Activity Report for July 2022, Alabi said that out of the 300 suspects that were arrested, 244 persons had been charged to court for prosecution.

    He disclosed that the Police foiled several armed incidents and recovered 10 arms while 208 vehicles and 522 motorcycles were impounded for contravening traffic laws across the Lagos metropolis.

    “It also revealed that some hoodlums suspected to be armed robbers were arrested on Badagry Expressway based on intelligence gathering, leading to the mobilisation of a team of policemen to dislodge criminals at the location.

    “A total of 11 suspects were apprehended and have made useful statements to the Police during investigation.

    “Several suspected armed robbers were also arrested at different times within the month at Agege, Ilupeju, Orile Iganmu and Expressway.

    “Two locally-made pistols, two unexpended cartridges, Bajaj tricycle, operational vehicles and some charms were recovered from the suspects.

    He said that the Police clamped down on the activities of cultists as Ketu, Ikorodu and Ilupeju among others andone Friday Nwife.

    “Nwife was arrested and taken into custody for allegedly stabbing a 25-year-old at Kogberegbe Street, Isolo, to death during an altercation.

    ” “A seven-year-old girl was allegedly defiled by one Greatness Eruoluwabami, on July 4, 2022, at Selewu Street, Igbogbo.

    “The police team dispatched to the scene arrested the suspect and took the victim to Ita-Elewa Healthcare Centre for medical examination and treatment.

    ” Alabi said.


    NewsSourceCredit: NAN

  •  Suspected cultists kill 45 year old man in Osogbo
    Suspected cultists kill 45-year-old man in Osogbo
     Suspected cultists kill 45 year old man in Osogbo
    Suspected cultists kill 45-year-old man in Osogbo
    Defence/Security2 weeks ago

    Suspected cultists kill 45-year-old man in Osogbo

    Police in Osun on Friday confirmed the killing of a 45-year-old man at Ilesa Garage Area of Osogbo by suspected cultists.

    The deceased was a close ally of the Osogbo branch chairman of the National Union of Road Transport Workers, Kazeem Oyewale popularly called “Asiri Eniba’’.

    Police spokesperson in Osun, SP Yemisi Opalola, said the deceased was shot dead in front of his wife’s shop.

    “On Friday at about 12:40 p.

    m., the police received a report stating that an incident happened at Ilesa Garage Area of Osogbo.

    “Information gathered showed that the deceased was a suspected cultist and was shot dead in front of his wife’s shop by unidentified gunmen.

    “The gunmen launched the attack from atop a Bajaj motorcycle and fled the scene immediately after the shooting.

    “Investigation is in progress to apprehend the perpetrators,’’ the police spokesperson stated.


    NewsSourceCredit: NAN

  •  Dala Dry Port will grow trade in Africa decongest seaports ES shipper s council
    Dala Dry Port will grow trade in Africa, decongest seaports- ES shipper’s council
     Dala Dry Port will grow trade in Africa decongest seaports ES shipper s council
    Dala Dry Port will grow trade in Africa, decongest seaports- ES shipper’s council
    General news2 weeks ago

    Dala Dry Port will grow trade in Africa, decongest seaports- ES shipper’s council

  •  Perm Sec solicits collective efforts to end prevalence of GBV
    Perm Sec solicits collective efforts to end prevalence of GBV
     Perm Sec solicits collective efforts to end prevalence of GBV
    Perm Sec solicits collective efforts to end prevalence of GBV
    General news2 weeks ago

    Perm Sec solicits collective efforts to end prevalence of GBV

    Hajia A’isha Dantsoho, the Permanent Secretary, Sokoto State Ministry of Women and Children Affairs, has called for increased stakeholders’ efforts on ending Gender Based Violance (GBV) in Sokoto state.

    Dantsoho made the call on Friday at a parley with 2022 Spotlight Initiative Joint Monitoring Team, adding that no single individual, non-governmental organization or the ministry would make impacts without collaboration with others.

    She appealed to stakeholders to work towards ending gender based violence, harmful practices, violence against women and girls in all forms.

    She also thanked the UN-Spotlight Initiative and every other donors for their commitment to a safe world for all, especially women and girls.

    The representative of the Federal Ministry of Finance, Budget and National Planning, Dr Olusola Akintola, applauded implementing partners of Spotlight Initiative in Sokoto for their dedication.

    Olusola also thanked implementing partners in Sokoto for engaging the media, adding that whatever they did, stakeholders should ensure that their success stories were circulated consistently aside internal review of their activities.

    Also, a representative of Civil Society Reference Group, Mrs Rhoda Tyodea, noted that the issue of GBV must not be taken for granted.

    Tyodea commended the commitment of Sokoto state government and other partners on the achievements so far recorded.

    In his presentation on overview of their assessment of Spotlight Initiative Implementing Partners in Sokoto, the Representative of UN-Partner, Mr Yinka Akin, said the debriefing was geared towards reviewing their findings, comparative analysis, recommendations and next step to go forward on programme.

    Yinka said the overall objective of the visit was to provide recommendation for improvement and not any form of wichthunt.

    He further stressed that the visit had cooperative, participatory, comparative analysis, culture of fairness and transparency; no fault finding mission but to promote learning.

    He noted that the six pillars of Spotlight Initiative were geared towards, “a Nigeria where all women and girls are free from violence and harmful practices”.

    Yinka further appealed to all Project Monitoring Units in Sokoto to develop sustainability plans that include an exit strategy, with support from Civil Society Organizations reference groups and other stakeholders.

    The News Agency of Nigeria reports that the review meeting was attended by representatives of supporting partners, community groups, response teams, journalists and others.


    NewsSourceCredit: NAN

  •  Edo to 1 000 teachers extends reform to secondary education
    Edo to 1,000 teachers, extends reform to secondary education
     Edo to 1 000 teachers extends reform to secondary education
    Edo to 1,000 teachers, extends reform to secondary education
    Education2 weeks ago

    Edo to 1,000 teachers, extends reform to secondary education

    The Edo Government is to recruit 1,000 teachers for secondary schools in the state under the EdoSTAR fellowship as part of the reform in the post-basic education sector.

    Dr Joan Osa-Oviawe, the state Commissioner for Education, announced this on Friday in Benin while briefing newsmen on the launch of reform into secondary education in the state.

    This recruitment, she said, would be in addition to the 3,000 teachers already engaged for the primary and junior secondary schools in the state.

    According to her, the action is to address the existing shortage of teachers towards a provision of high quality education.

    The commissioner said the reform was meant to prepare students to meet performance expectations in a constantly changing workplace so as to remain relevant.

    Under the reform, she said, 60 per cent of the activities in the schools would be for teaching, learning and instructional time, 24 per cent for co-curricular activities while 16 per cent devoted for brain stimulating activities for students.

    She also disclosed that model digital learning would be introduced across the state, commencing with 40 pilot schools in partnership with the UNICEF.

    “The quality of education students receive in school has come under scrutiny recently in Edo State due to the high rate of malpractice and misconduct reported during major examination exercises in the state as well as lack of personnel to effectively deliver training across 307 schools dispersed across the state 18 local government areas.

    “In order to build on the achievements already seen in the Basic Education Sector Transformation (EdoBEST) Programme, the state government has been compelled to take decisive action under the EdoBEST 2.0 reform agenda in order to address concerns with secondary education,” she said.

    Osa-Oviawe explained that school calendar had been designed in a way to ensure students learn for at least 400 450 class periods each term.

    “The reform will implement a uniform timetable that guarantees lectures are delivered just about anywhere, reduces the possibility of instructors’ classes conflicting, and maximises the use of the limited teaching staff and resources.

    “Implement a uniform scheme of work and scripted lessons to direct teachers in the universally dispensing lectures throughout the state and uphold a high standard of teaching and learning.

    “Make it easier to set up in-class libraries in all the state’s classrooms with the goal of enticing students to use the libraries more and learn how to manage books,” said the commissioner.

    On the deplorable state of schools in the state, Osa-Oviawe said the present government inherited large inventory of dilapidated schools, but seeking collaborative efforts to strengthening education funding, particularly in the area of infrastructural renewal.


    NewsSourceCredit: NAN