The Central Securities Clearing System (CSCS) has restatement its commitment in repositioning business to efficiently play a more active and leading role in deepening the Nigerian capital market growth. Also, CSCS grew its profit after tax by 41.4 per cent for the year ended December 31, 2020. The company results showed that amidst unprecedented economic and financial market conditions occasioned by the COVID-19 pandemic, the Group grew total income by 31.3 per cent year-on-year (YoY) to N12.09 billion. Profit after tax grew by 41.4 per cent to N6.93 billion, translating to N1.39 earnings per share. The group delivered 20.3 per cent return on average equity for the 2020 financial year, compared to 15.3 per cent in 2019 full year. The company’s total assets stood at N41.42 billion, as again...
Twitter The Director General of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), Imaan Sulaiman Ibrahim, has called for effective counter – Trafficking policies and ideas to tackle the manace of human trafficking. In a statement delivered by Head, Press & Public Relations Unit, Stella Nezan, the DG made this call at Law Enforcement and Intelligence Course 1/2021 of the Defence Intelligence College (DIC) Karu, Abuja. According to the DG, human trafficking constitutes a major National Security concern that requires new ideas and initiatives to tackle the menace, calling for the establishment of an effective and lasting counter trafficking structures as well as polices that will mitigate the prevalence of human trafficking across the world. She said ”Graduands m...
File Photo Minister of Works and Housing, Babatunde Raji Fashola (SAN), on Thursday, dismissed alleged payment of N151million to a firm for a road rehabilitated by the Redeemed Christian Church of God (RCCG) in Osun State. Fashola in his submission before the Senate Committee on Ethics, Privileges and Public Petitions, probing the allegation, said the claim by the church was untrue. He said the 15-kilometer road was awarded to Messrs Cartil Construction Nigeria Limited at the cost of N662.7million by the Federal Government in 2011. He said the Ministry paid N99million as 15% mobilisation fee and N52million to the contractor after the firm achieved 26.2 per cent of work done on the road in March and December 2011, respectively. He insisted that the award of the contract and the subsequent p...
YouTube The Economic and Financial Crimes Commission (EFCC), has restituted the sum of N67,523,000 to one Mr. Emmanuel Onyekachukwu Onah, a trader based in Onitsha, Anambra State. EFCC spokesperson, Wilson Uwujaren, said Onah’s ordeal started sometime in 2019 when he transferred the sum of N75,760,540.00 to the duo of Tega Esinone and Obiajulu Umeagukwu for onward transmission to his business partner, Crecedor Industrial Co. Ltd in Hong Kong. The suspects converted the money to their own use. After efforts to recover his money from the suspects failed, Onah petitioned the EFCC. The commission in the course of investigating the scam, initiated a non-conviction based forfeiture process which culminated in a December 1, 2020 ruling by Justice I.N Buba of the Federal High Court, Enugu, orderin...
The Corporate Affairs Commission (CAC) says it will be possible for companies in Nigeria to be registered within three hours, before the end of 2021. The commission tweeted this on Sunday via its verified Twitter handle. It said, Garba Abubakar, the commission’s registrar-general, gave this indication at a recent dinner in honour of the chairman, governing board, CAC and Nigeria’s Ambassador-designate to Spain, Ademola Seriki. The commission announced last December the upgrade of its online registration portal for business. It said the upgrade would include features that allow the automation of key services and processes in line with the federal government’s effort to Nigeria’s ease of doing business. Newsmen had reported how the new regulation protocol has left businesses in the country s...
The organised labour has suspended the three-day warning strike it planned to commence today (Thursday) in Kano over the deduction of workers salary for the month of March by the state government. The NLC Deputy National President, Najeem Yasin, announced the suspension of the strike on Wednesday night at a joint news conference with other labour movement and affiliates in Kano after a meeting with the State government team led by the Head of Civil Service, Hajia Binta Lawan Ahmed. The NLC had last week given a seven-day ultimatum to the state government to refund and stop what it described as “illegal deduction” from civil servant salaries or face industrial action. Similarly, the labour leaders insisted that failure of the government to stop the “unexplained” deduction before the end of ...
CAN: Isa Pantami serving President Buhari’s interest
File Photo The Christian Association of Nigeria, CAN, says President Muhammadu Buhari appointed Isa Pantami as Nigeria’s communications minister to serve a predetermined purpose, noting the government will not cast him away no matter how loud the call for his removal becomes. CAN’s position was relayed by its General Secretary Joseph Daramola in an interview with Punch. The comments come less than 24 hours after the presidency defended Mr Pantami of his alleged support for terrorist groups. Mr Daramola said the Christian body is not surprised that the presidency swiftly came out to exonerate Pantami, saying those who tapped him for the job were quite aware of his antecedents and must have given him specific instructions to carry out in government. “Government studies the characters they pu...