Association
Commodities trading: SEC issues new rules on warehousing, collateral management
File Photo In a bid to ensure a vibrant commodities trading ecosystem, which would in turn boost foreign exchange earnings for the country, the Securities and Exchange Commission (SEC) has released new rules covering warehousing and collateral management, among others. According to the rules, every warehouse that stores commodities to be traded on a registered exchange shall apply to be registered by the SEC, while the commission shall maintain a register of all registered warehouses to be published on its website. The new rules also provide that any warehouse applying for registration shall submit proof of ownership or registered-lease deed or rent agreement, alongside a disclaimer from the owner of the warehouse/property providing waiver of ownership regarding commodities stored in such ...
EFCC warn POS operators over illegal cash transaction
The Economic and Financial Crimes Commission, EFCC, recently warned operators of Mobile Money and Banks Agents otherwise known as POS operators over illegal cash transactions. The Commission’s Zonal Head in Sokoto CDS Bawa Usman Kaltungo on Thursday March 25, 2021 gave the warning at a meeting with the Sokoto Chapter of Mobile Money and Banks Agents Association, (MMBA) Sokoto State Chapter in his office. EFCC boss express concern at the high rate of mobile money fraud in the country, and called on the association to join hands in the fight against money laundering and electronic transaction fraud. But while reacting to this, the South West coordinator of Moniepoint, Israel Eniolorunda frowned at this development noting that nefarious activities of many of these POS operators in the country...
Conference of speakers advocates community policing
The Conference of Speakers of State Legislatures of Nigeria on Saturday decried the spate of insecurity in Nigeria even as they advocated for community policing as a way out of the current security challenges bedeviling the country. They also commended the Federal Government on its efforts at fighting the insecurity in the country, calling on the goverment to beef up the security architecture in the country to reflect the demographic reality of Nigeria. This was contained in a communiqué issued by the Conference at the end of its general meeting held at the Hazibal Event Centre in Bauchi, the Bauchi State capital, which had representatives of the 36 states in attendance. The communique, which was signed by the chairman of the Conference, Right Honourable Suleiman Y Abubakar, who also doubl...
Minister: Nigerian government to establish micro enterprises in 774 local council areas
Dr George Akume, the Minister of Special Duties and Inter Governmental Affairs, on Wednesday said that micro enterprises will be established in the 774 Local Government Areas (LGAs) of the country. The Minister disclosed this in Abuja at the Association of Local Governments of Nigeria (ALGON) General Assembly with the Theme: Strategic Positioning for the Future: A New Era. “As a ministry, we have proposed the establishment of Micro, Small and Medium enterprises in the 774 local governments in Nigeria based on economic corridors. “We believe that this will create jobs and ensure improvement in the well-being of the local populace,’’Akume said. The minister, who was represented by Mr Simon Tyungu, Deputy Director, Office of the Minister, said that the establishment of the micro enterprise wa...
Kwara governor appoints 24-year-old as SSA on youth engagement
Gov. AbdulRahman AbdulRazaq of Kwara has appointed 24-year-old Kaosarah Adeyi as his Senior Special Assistant on Youth Engagement. Malam Rafiu Ajakaye, Chief Press Secretary (CPS) to the Governor, said this in a statement in Ilorin on Tuesday. Similarly, the governor has appointed Hajia Fatima Audu as Special Adviser on Women Affairs. Adeyi, an author who is renowned for her extensive reach within the youth constituency, is a graduate of the University of Ilorin where she is a mentor for the varsity’s empowerment beneficiaries. A youth entrepreneur, her roles entail sharing practical examples with mentees, giving mentorship on entrepreneurship and advising on how to manage school activities with their business goal-setting, planning and implementation. According to the statement, the mille...
NECA decries increase in Nigeria’s unemployment rate
Dr Timothy Olawale, Director-General, Nigeria Employers Consultative Association (NECA) has expressed concern of the association, at the growing unemployment rate, as released by the National Bureau of Statistics (NBS). Olawale told newsmen on Wednesday, in Lagos, that the recently released data by the NBS was worrisome. NAN also reports that a recently released Labour force report, published by the NBS shows that Nigeria’s unemployment rate as of the end of 2020, rose to 33.3 per cent from 27.1 per cent recorded as of Q2 2020. The report indicated that about 23,187,389 (23.2 million) Nigerians remained unemployed. “While the figure shows that the unemployment crisis is worsening at an alarming rate, it is also instructive to note that the socio-economic factors that increased the figure t...
Former England skipper wants brain tested for dementia signs
Former England striker Gary Lineker says he will get extra checks on his brain for signs of dementia. Research has found that former professional footballers are three and a half times more likely to die from a brain disorder than the general population. Already, an inquiry was launched by the UK parliament this month into sport’s link to dementia. Lineker, who has previously suggested a complete ban on heading in training, joined a radio programme for a Dementia in Football documentary. He revealed he and colleagues Alan Shearer and Ian Wright fear they could end up with a brain disorder. “I’ve had conversations with Alan Shearer and Ian Wright and others about the worry that, come 10, 15 years, that it might happen to one of us,” said the 60-year-old former England captain turned broadca...
Umahi urges women to maintain priorities as mothers
File Photo The wife of the governor of Ebonyi State, Rachael Umahi, has urged women faithful to maintain their priorities as mothers and stick to God’s word for a better family. Mrs Umahi made the call on Sunday at the 2021 Mother’s Day celebration at the Christ Embassy Church, Abakaliki. The governor’s wife encouraged the women to also remain committed in the faces of challenges and continue to dwell in the word of God for a better life as well. “We must be excellent women in action, pillars of blessings and develop ourselves with God’s word for development. “We must also learn to tell our husbands bitter truth base on the words of God for the well-being of family and society. “Live out dreams in you every day, train your children to love and share,” Umahi said. Speaking, the Pastor in ch...
Reps deputy speaker: Nigerians living abroad can’t submit petitions
The deputy speaker of the house of representatives, Idris Wase, has questioned the eligibility of Nigerians living abroad to submit petitions. Wase, who presided over plenary on Thursday, rejected a petition from “Mutual Union of the Tiv in America,” saying Nigerians in the diaspora do not “really know” the situation in Nigeria and thus are not eligible to file petitions. The petition, presented by Mark Terseer Gbillah, lawmaker representing Benue Gwer east/Gwer west federal constituency, accused the federal government of not resettling the Tiv people displaced from their ancestral land through various attacks. Thousands of Nigerians were reportedly displaced in the north-central region as a result of the farmer-herders crises. “I have a petition from the mutual union of the Tiv in America...
Why Wilfried Zaha is no longer taking the knee
Wilfried Zaha became the first Premier League player not to kneel before kick-off on Saturday since top-flight footballers started using the gesture to protest racial injustice last summer. The Crystal Palace winger instead chose to “stand tall” ahead of the match with West Brom, something he had said in February he was going to do but hadn’t started a game since then due to injury. Zaha released a statement ahead of kick-off outlining his intention to do so and his reasons for it. What he said “My decision to stand at kick-off has been public knowledge for a couple of weeks now,” the Ivorian international said. “There is no right or wrong decision, but for me personally I feel kneeling has just become a part of the pre-match routine and at the moment it doesn’t matter whether we kneel or ...
NIOB, PSN, 28 others seek more roles for Nigerian professionals
Pool Photo Nigerian Institute of Building (NIOB), Pharmaceutical Society of Nigeria (PSN) as well as 28 other bodies under the umbrella of the Association of Professional Bodies of Nigeria (APBN) have called for more patronage of indigenous professionals. Speaking during the Board Meeting of the Association, president of APBN, Surveyor Akin Oyegbola said it has been proven that Nigerian professionals can hold their own anywhere in the world. The NIOB which is the professional body for Builders in Nigeria as part of its roles act as body which the Government or other official or unofficial authorities or organisations in Nigeria can seek advice, assistance or the expression of views on any subjects of concern or interest, to the Building profession in Nigeria. Oyegbola also said the APBN wi...
NGA chief: Nigeria’s gas reserve can sustain West African market
Nigeria has abundant gas resources which, if harnessed, will meet the energy demand of over 350 million people and the industrial needs in the West African sub-region. According to the newly inaugurated president of the Nigeria Gas Association (NGA), Ed Ubong, “Nigeria, which ranks as the 9th largest gas reserve in the world and clearly the largest in West Africa, needs to develop this resource base and connect the existing local supply and demand with physical and virtual pipeline infrastructure, while also exploring closer integration of roads, seaports and rail infrastructure.” Speaking, at the just concluded NGA’s 12th International Conference and Industry Awards in Lagos last week, Ubong who is also the managing director, Shell Nigeria Gas Limited, however, advocated an improved inves...
