Specifications
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 ...
FEC approves multi-billion naira roads construction contracts
In keeping with its infrastructural development mantra especially in the road sector, the Federal Government has approved a multi-billion naira roads construction projects across the country especially the completion of Benin-Ore-Adebamdele-Shagamu Road at the cost of N92.5 billion. This cheering news was dropped Wednesday by Minister of Works and Housing, Babatunde Raji Fashola, who told State House Correspondents after the weekly Federal Executive Council presided over by President Muhammadu Buhari at Council Chambers of the Presidential Villa Abuja that Council approved all four memoranda on roads projects his ministry presented at the meeting. Fashola said FEC approved all four memoranda he presented with respect to Benin-Ore-Adebamdele- Shagamu Road, particular the section from Adebam...
Taraba: Striking resident doctors demand beyond hazard allowance
iStock As resident doctors strike in Taraba state enters week three, the state government, Tuesday said the demands of the aggrieved doctors were beyond the payment of COVID-19 hazard and inducement allowance. The state commissioner for health, Dr Innocent Vakkai speaking at a press parley, also disclosed that a committee has been constituted to compile the total cost of the COVID-19 hazard allowances due for health workers. He listed the demands of the striking doctors to include, “increase in doctors wages, training, and retraining of doctors on residency programs, improved working conditions and for the state to commence training of horsemanship officers. On the payment of the COVID-19 hazard allowance to health workers, Vakkai said the compilation of the total cost has reached the last...
