The South South Reawakening Group, has called for the immediate suspension of the ongoing forensic audit of the Niger Delta Development Commission (NDDC), describing it as a “circus of corruption”. Converner of the group, Joseph Ambakederimo, in a statement, urged President Muhammadu Buhari to appoint a board for the NDDC to start a new phase for the development of the region. According to them, it was no longer news that the forensic audit ordered by the President has now been turned into “a circus for mismanagement and misappropriation of public funds to oil the machinery of political interests of a few, while the region and its people continue to suffer the perpetual psychological torture of these buccaneers.” The group recalled that the NDDC is still presently being run by an interim s...
The Minister of Transportation, Mr. Chibuike Rotimi Amaechi, will in November inaugurate the ongoing Funtua Inland Dry Port project in Sokoto State. Also the French government has indicated its interest in collaborating with its Nigerian counterpart and therefore hinted that it will assist the government in form of financial assistance to the sector. The Executive Secretary/CEO Nigerian Shipper’s Council (NSC), Mr. Hassan Bello, made this known Thursday in Abuja during a meeting between the Council, Concessionaires for the Inland Dry Ports and the French Embassy. NSC ES, while highlighting the successes so far recorded by the Council stated that the federal government thought it necessary to bring shipping closer to the people by establishing ports in the hinterland. Hassan told the audien...
Press Association Sam Allardyce has warned that the Premier League is in danger of becoming boring because teams have been “brainwashed” into using the same playing style. The English top-flight has opened up to different tactical approaches over the last decade, with an influx of coaches coming from elsewhere in Europe. However the West Brom manager fears coaches are being prevented from sticking to their preferred style and that the league is suffering as a result. He said to Sky Sports: “What’s the point of playing out from the back against Man City and Liverpool, the best high-pressing team in this country. If they drop off, you play out from the back. Where’s the space? Exploit the space. I tried to get the players to think about that. It’s a simple game that’s been complicated far to...
The Minister of State for Foreign Affairs, Zubairu Dada, has assured Nigerians abroad that Diaspora voting may be realised soon. He said Nigerians abroad are part of the county and as such should be allowed to exercise their franchise. The minister disclosed that the Independent National Electoral Commission and the National Assembly were currently working to make this materialise. Dada spoke during the Diaspora Quarterly lecture series of the Nigerians in Diaspora Commission which was monitored online by our correspondent on Saturday. The minister expressed the hope that participating in elections by Nigerians in Diaspora would soon be a reality as done in other climes. He said, “NIDCOM is working closely with relevant committees of the National Assembly and relevant stakeholders, particu...
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...