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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...
Iran says 60% enrichment meant to show nuclear prowess, is reversible
Iran began enriching uranium to 60% purity in order to show its technical capacity after a sabotage attack at a nuclear plant, and the move is quickly reversible if the United States lifts sanctions, the Iranian government said on Tuesday. Talks in Vienna aimed at bringing the United States and Iran back to full compliance with a 2015 nuclear deal have been further complicated by an explosion at Iran’s main uranium enrichment facility at Natanz. Iran has responded by saying it is enriching uranium to 60%fissile purity, a big step towards weapons-grade from the 20% ithad previously achieved. The 2015 pact between Iran and world powers had capped the level of enrichment purity at 3.67% – suitable for generating civilian nuclear energy. Iran denies seeking a nuclear weapon. “The start of 60% ...
FCTA bans farming activities, illegal markets on airport expressway
The Federal Capital Territory Administration (FCTA) has banned farming activities, street trading and illegal motor parks on fringes of the Umar Musa Yar’adua Expressway, leading to Nnamdi Azikiwe International Airport. The FCT Minister, Malam Muhammad Bello, made this known when he led management team of the administration, political leaders and some traditional rulers to inspect various developments on the road axis on Friday in Abuja. Bello, who frowned at the bizarre conducts of residents constituting nuisance to the public, stated that no resident or organisation would be allowed to carry out any illegal activity on a major road leading into the nation’s capital city. He noted that while residents were encouraged to engage in legitimate economic activities to mitigate poverty and cont...
Mozambique army claims militants killed in battle
Mozambique’s military said on Sunday a “significant” number of militants had been killed during a battle over a key northern town and gas hub captured by the Islamic State (ISIS) last month. Palma was seized by the jihadists during coordinated attacks on 24 March, in what was seen as the biggest escalation of the insurgency ravaging the north of the African nation since 2017. The true death toll is not yet known, but thousands were displaced from the town of some 75 000 and the French energy giant Total suspended operations at its multibillion-dollar plant. On Sunday, the army escorted officials and journalists through the ravaged town, claiming a “significant” number of militants had been killed, and that they had now secured the surrounding area. Commander Chongo Vidigal, leading the mil...
Price of garri soars in Enugu
ArewaLife Price of cassava flakes popularly called garri and regularly consumed by Nigerians have continued to increase in Enugu State, according to newsmen. NAN correspondent, who conducted a market survey in Enugu on Friday, reported that the price of the staple food has increased by 20 per cent between January and March, 2021. NAN reports that a 4.5 liter bucket of the food item now sells for between N1,100 and N1,400 as against between N900 and N1,000 sold in January, depending on the type. A visit to some markets in the state capital showed that a 4.5 liter paint bucket of white garri sold for N900 in January now went for between N1,100 and N1200. At the Ogbete, Garki and New Markets, a paint bucket of white garri is sold for N1,100 while the yellow garri of the same bucket goes for N...
Okomu Oil Palm wants central bank to review anchor borrowers programme
Okomu Oil Palm Company Plc. wants a review of CBN’s Anchor Borrowers Programme (ABP) to accommodate more farmers and to shore up the nation’s foreign earnings from agriculture. The ABP is targeted at smallholder farmers engaged in the production of rice, maize, wheat and cash crops like oil palm, cocoa and rubber, among others. Speaking with newsmen on Monday in Benin, Okomu Oil’s Managing Director, Dr Graham Hefer, noted that cash crop farmers were yet to fully benefit from the programme. He said food crop farmers had an edge because they could cultivate, harvest, sell and repay their loans within the specified one year period. “It is easy for farmers engaged in annual crops to meet their targets. “This doesn’t happen with cash crops because in the first three years of oil palm production...
Pfizer, BioNTech to limit delays of vaccine shipments to one week
Pfizer and BioNTech said Saturday they will limit the delays of their vaccine deliveries to just one week, after fears in Europe that shipments of the jabs could be slowed for up to a month. The US drugmaker and its German partner “have developed a plan that will allow the scale-up of manufacturing capacities in Europe and deliver significantly more doses in the second quarter,” they said in a joint statement. “As a result, our facility in Puurs, Belgium will experience a temporary reduction in the number of doses delivered in the upcoming week.” Pfizer and BioNTech pledged that deliveries would be back to the original schedule to the European Union from the week of January 25, with increased delivery from the week of February 15. “To accomplish this, certain modifications of production pr...
US slaps sanctions on two foundations linked to Iranian supreme leader
The United States on Wednesday blacklisted two Iranian foundations controlled by Supreme Leader Ayatollah Ali Khamenei and their subsidiaries, saying the institutions enabled Iran’s elite to sustain a “corrupt” system of ownership over large parts of the economy. The designations announced by the US Department of the Treasury target Execution of Imam Khomeini’s Order (EIKO) and Astan Quds Razavi (AQR), their leaders and subsidiaries. These are the latest actions to reinforce the “maximum pressure” campaign on Iran pursued by US President Donald Trump’s administration. “These institutions enable Iran’s corrupt leaders to exploit a system of ownership over a wide range of sectors of Iran’s economy,” US Secretary of State Mike Pompeo said in a statement. US-Iranian tensions have risen since T...
Lagos governor: Coronavirus not a hoax, cases rising
Lagos State Governor, Babajide Sanwo-Olu, has cautioned Nigerians against the belief that the existence of coronavirus is a hoax. Instead, he said that COVID-19 cases are rising in Lagos State in a social media post on Sunday. The governor said the Lagos government has activated a new oxygen plant to ensure that more patients recover from the virus. Sanwo-Olu said, “Lagosians, #COVID19 is not a glamorous disease, neither is it a hoax. You need to follow the safety guidelines to safeguard your friends and loved ones. “In the midst of increasing #COVID19 cases, we have some good news from our Infectious Diseases Hospital. “We have activated a new oxygen plant which will help by providing much-needed oxygen to patients. The plant will supplement oxygen supply to about 300 cylinders per day an...
Coronavirus: Prof. Maurice Iwu restates efficacy of herbal medicine
Bioresources Development Group (BDG) chairman, Prof. Maurice Iwu has restated the efficacy of herbal medicine in the treatment of the COVID-19 cases as the virus enters variant stage globally. The former chairman of Independent National Electoral Commission (INEC) and eminent Professor of Pharmacognosy, Iwu, in a chat with Vanguard said that the effectiveness of special herbal drugs produced in the country, stands the chance of combating the disease at an early stage, but noted that the slow pace in acceptance and approval hinders its feasibility. Iwu also pointed that herbal extracts from a plant, “Andrographis Paniculata”, commonly known as green chiretta, already approved by the Food and Drug Administration (FDA) of Thailand is on its way to serve as an alternative treatment to the seve...
ExxonMobil staff killed, others wounded in gas flaring accident
File Photo Fire explosion from a gas flaring operation at the Qua Iboe Terminal (QIT) process area at ExxonMobil facility in Ibeno local government area, Akwa Ibom State has allegedly killed some staff of the company and left others wounded. It was gathered that the incident happened on Sunday, December 13, 2020, when the victims were about to light up the gas flaring plant. Sources who preferred to remain unnamed said one of the victims who was killed was a supervisor working at the facility’s processing area, while another supervisor injured by the explosion had been rushed to an undisclosed hospital in the state. He said it was possible that the victims who were to turn on the plant shut for maintenance purposes, flouted all safety procedures that would have averted the explosion. “Two ...
NDPHC to complete four NIPPs with 2000MWs combined capacity
The Niger Delta Power Holding Company (NDPHC) has unfolded plans to complete four Nigerian National Integrated Power Project (NIPPs) with 2000MegaWatts combined capacity. The post NDPHC to complete four NIPPs with 2000MWs combined capacity appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
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