Equipment
CSCS reiterates commitment to deepening capital market
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...
Federal government okays N20.1 billion for Nigerian customs equipment
The federal government has approved a total of N20,114,002871 for the acquisition of various operational equipment for the Nigerian Customs Service (NCS). The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this to State House Correspondents after the federal executive council (FEC) meeting presided over by Vice President, Yemi Osinbajo at the presidential villa on Wednesday. The Minister said further that Council also approved the sum of N539,277,673 for the construction of the Federal Inland Revenue Service (FIRS) building at the Ilupeju Medium and Small Taxpayers’ office in Lagos. On the breakdown of contracts approved for Customs, the Minister said a total of 427 operational vehicles, worth N14.55 billion and nine assorted gunboats worth N5,564,002,871 were a...
Enugu completes 1,355 school projects in 17 LGAs
Enugu State Government under the administration of Governor Ifeanyi Ugwuanyi said it has carried out 1,355 verifiable projects in various primary and secondary schools across the 17 Local Government Areas of the state, under the State Universal Basic Education Board (ENSUBEB) and Post Primary Schools Management Board (PPSMB), in line with its vision to improve the learning condition of the students. The state government disclosed that besides recruiting over 7,030 primary and secondary school teachers, it also procured and distributed over 50,000 classroom furniture and other learning tools for school children and their teachers across the state. It revealed that it supplied and installed computers to 490 primary and secondary schools; science equipment to 151 secondary schools, and constr...
Suez Canal reopens after stranded ship is freed
Traffic has resumed in Egypt’s Suez Canal after a stranded container ship blocking it for nearly a week was finally freed by salvage crews. Tug boats honked their horns in celebration as the 400m-long (1,300ft) Ever Given was dislodged on Monday with the help of dredgers. Hundreds of ships are waiting to pass through the canal which links the Mediterranean to the Red Sea. It is one of the world’s busiest trade routes. Peter Berdowski, CEO of Dutch salvage company Boskalis, said the Ever Given had been refloated at 15:05 (13:05 GMT) on Monday, “thereby making free passage through the Suez Canal possible again”. Egyptian officials say the backlog of ships waiting to transit through should be cleared in around three days, but experts believe the knock-on effect on global shipping could take w...
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 ...
US workers enticed with bonuses, time off to get coronavirus vaccine
As Covid-19 vaccination drives get into gear across the United States, some businesses are offering transportation, paid time off and bonuses of up to $500 to encourage workers to get the jab. Labor-intensive industries like slaughterhouses, supermarkets, and farms, whose workers are at higher risk of contracting the virus, have taken the lead, with several large grocery chains offering two to four hours of paid leave time for employees to get vaccinated. “Providing accommodations so employees can receive this critical vaccine is one more way we can support them and eliminate the need to choose between earning their wages and protecting their well-being,” Jason Hart, CEO of supermarket chain Aldi, said in January. Others have taken advantage of Centers for Disease Control and Prevention re...
Shell donates 330 PPEs to FRSC in Rivers
File Photo The Federal Road Safety Corps (FRSC), Rivers Command, said it had received over 330 Personal Protective Equipment (PPEs) donated by Shell Nigeria to combat the COVID-19 pandemic. Rivers FRSC Sector Commander, Salisu Galadunci, said in a statement that the PPEs comprised of 170 pieces of nose masks, 150 pieces of reflective jackets and body temperature gauges. The sector commander said that the items were presented by Shell Nigeria officials led by its Head, Sponsorship and Social Investment, Mrs Anike Kakayor. “The team has expressed delight in the way and manner in which the FRSC Rivers carries out its operational mandates of safeguarding lives on the highways. “The team also commended our aggressive enlightenment campaigns at motor garages and on the various media platforms. “...
COAS reiterates troops commitment to annihilate Boko Haram
Chief of Army Staff, Lt Gen. Ibrahim Attahiru, has reiterated Nigerian troops commitment to ensure that Boko Haram terrorists are completely eliminated from Borno, Yobe , Northeast and the country in general . Attahiru stated this on Monday in Maiduguri while inspecting the second phase of large cache of weapons recovered from the Boko Haram terrorists by troops of Operation Lafiya Dole in various encounters with the insurgents in northern part of Borno state and fringes of Lakechad. The Army Boss who is on one week operational visit to the Theatre of Operation Lafiya Dole , had yesterday inspected another sets of heavy weapons recovered by the troops from the terrorists, which were displayed at the headquarters of 7 Division Nigerian Army, before later display of another sets of recovered...
NIRSAL partners NASENI to create 110,000 jobs in agric sector
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has entered into partnership with the National Agency for Science and Engineering Infrastructure (NASENI) with a view to creating over 110,000 jobs in the nation’s agricultural value chain. NIRSAL said in a statement in Abuja Friday that the move is in “continuation of its mandate of providing end-to-end solutions aimed at fixing breakages along the Agricultural Value Chains (AVC) in Nigeria”. According to the statement, NIRSAL has engaged NASENI as its technical collaborative partner for the conceptualization, design, development, deployment, implementation and execution of various schemes/projects under the NIRSAL-NASENI Comprehensive Tractor Recovery Scheme, the NIRSAL Climate-Smart Modular Geo-Coopera...
Nigerian Army dismisses report of desertion by troops
The Nigerian Army on Thursday dismissed reports that over 100 officers and soldiers had deserted the army during encounters with insurgents in parts of Borno recently. The Director, Army Public Relations, Brig.-Gen. Mohammed Yerima, said this in a statement in Abuja. Yerima said that a section of the media had reported that over a hundred troops absconded after Boko Haram attacks on Marte and Dikwa. According to him, this publication is false, unfounded and an attempt to malign the image and character of the Nigerian Army. “For the records, in the fog of war, it is a routine that head count is conducted to determine the number of men and equipment holding aftermath of military offensive. “Unfortunately, an internal correspondence that was originated by the formation was not properly done. ...
Edo government warns worship, events centres against violating coronavirus protocols
The Edo State Government has warned owners of event centres, eateries, restaurants, pubs, shopping malls and other places hosting social events in the state against violating the state’s COVID-19 prevention protocols. In a statement signed on Saturday by the Secretary to the State Government, Osarodion Ogie, the government said event centres or business premises that violate regulations on social gatherings would be shut and owners or operators would be prosecuted at designated mobile courts. Ogie noted that the state COVID-19 compliance team had been mandated to ensure strict enforcement of the directives at the weekend, starting from Friday, February 19, 2021, with instructions to ensure full compliance with the protocols. “The Edo State Government hereby warns all event centres, eaterie...
DHQ reorganises operations to tackle security challenges
The Defence Headquarters has said it is reorganising operations across theatres toward tackling security challenges in the country. Coordinator, Defence Media Operations, Maj.-Gen. John Enenche, disclosed this while giving update on the operations of the armed forces across the country yesterday in Abuja. Enenche said the recent changes in the leadership of the armed forces would usher in new modus operandi for tackling security challenges in the country. He said the service chiefs on assumption of duty, immediately hit the ground running, by conducting operational visits to the North East. “In line with the re-organisation of the armed forces of Nigeria with the appointment of new service chiefs, the operations of the armed forces are equally being reorganised to tackle security challenge...
