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...
File Photo The Nigeria Security and Civil Defense Corps (NSCDC) says it has set up a five-man committee to investigate alleged N1 million extortion by its staff in Kebbi State. The State Commandant of the corps, Alhaji Suleman Ibrahim, made this known at a news conference in Birnin Kebbi on Monday. Ibrahim said, “I have read a report online that my officers have been alleged to have extorted money from a client. ”This has never been the tradition of the Nigerian Security and Civil Defense Corps in the state as one of our core values is serving with integrity, honesty and diligence. “I am not a party to such an incident and I am not aware of it, and I doubt if any of my officers will do such an illegal and unlawful act. ”But still, we will take any allegation serious to its logical conclusi...
The Peoples Democratic Party, PDP, has called for the sack of Finance Minister, Zainab Ahmed, over what it described as an attempt to mislead Nigerians. The call follows her denial of the revelations by the Edo state Governor, Godwin Obaseki, that N60 billion was printed in March to support federal allocation to states.” Edo State governor Godwin Obaseki had earlier in the week, lamented the sorry state of the nation’s economy, stressing that the federal government had to order the printing of currency to the tune of N60 billion to share among the tiers of government, a claim dismissed by the Finance, Budget and National Planning Minister, Zainab Ahmed. In a statement signed by Kola Ologbondiyan, national publicity secretary of the party, the PDP maintained that “the admission by Central B...
Governor of Anambra state, Willie Obiano, has assured the families of the policemen killed during an attack on Prof Charles Soludo that government would not abandon them. Obiano gave the assurance on Easter Sunday at a statewide broadcast to address the violent attacks in the state. “To the families of the slain Police officers, my heart once again, goes out to you. I share in your grief and mourn with you. While I pray for the repose of the souls of the deceased, please be assured that the State Government will not abandon you” he said . He prayed that the spirit of the season would permeate their hearts and engender love, peace and tranquility in their daily lives, now and in the future. The yet to be identified gunmen had on 31st of March 2021 invaded a town hall meeting at Isuofia with...
Ekiti State, one of the shareholders of Wema Bank Plc, has reduced its stake in the bank by 666.670 million from 1.191 billion shares. Ekiti, Oyo, Ogun, and Osun States are shareholders in Wema Bank. While Oyo, Osun, and Ogun held 666.670 million or 1.73 per cent each, Ekiti held 1.191 billion or 3.09 per cent as at December 31, 2019. But in a notification to the Nigerian Stock Exchange (NSE), signed by the Company Secretary of Wema Bank Plc, Johnson Lebile, the bank said Ekiti State Government sold 666.670 million shares at 65 kobo per share on the floors of the NSE, amounting to N433.336 million. According to the bank, the transaction took place between March 3 and 4, 2021. With the transaction, Ekiti State now holds about 524.1 million shares. Neem Tree Limited remains the majority shar...
AMAC Abuja Municipal Area Council (AMAC) Chairman, Abdullahi Candido, has signed the Council’s 2021 appropriation bill of over N10 billion to law. He said the legislators have in consideration of some important issues and reviewed the budget upward. Candido made this known at the AMAC Secretariat in Abuja while signing the bill into law. He, however, assured residents within the council area that the budget will give priority attention to existing projects, while also taking care of other things. Candido also appealed to Federal Capital Territory Administration (FCTA) to release shares of the internally generated revenue due to the Area Councils. He hinted that, the councils were democratically elected by the people, therefore it must be accorded all constitutional rights. According to him...