Dana Air will resume flight operation on Jan. 4, an official of the Federal Airports Authority of Nigeria (FAAN), Mr James Shallangwa, said on Thursday. Shallangwa, Head of Commercial at the Nnamdi Azikiwe Internatonal Airport, Abuja, made this known i...
Mr Charles Majoroh, a former President of Nigerian Institute of Architects (NIA), on Thursday urged Federal and State Governments to build houses for the middle class. Majoroh told the News Agency of Nigeria (NAN) in Lagos that satisfying the housing n...
Prof. Dora Akunyili , a former Minister of Information, has debunked rumours of her ambition to contest the governorship election in Anambra in November 2013. Akunyili, who made this known when he addressed newsmen in Awka on Thursday, described the rumour as a big distraction.
``Must I run for every election, it is an unnecessary distraction," she said, noting that she might eventually re-contest the senatorial position “when the time is ripe’’.
Akunyili, who is also a former Director-General of the National Agency for Food, Drugs, Administration and Control (NAFDAC), added ``when the time comes I will run for it and safeguard my vote’’.
She warned rumour mongers to desist from their action.
The market indices of the Nigerian Stock Exchange depreciated by 0.21 per cent on Thursday due to price losses by some major blue chips. The News Agency of Nigerian (NAN) reports that the All-Share Index, which opened at 28,501.21, depreciated by...
Mr Emmanuel Aiyeoribe, a former NLC chairman in Kwara, has appealed to the Federal Government to pay attention to the plight of pensioners in the country. Aiyeoribe, who was reacting to the recent nationwide picketing of NIPOST offices, tol...
The Kwara Government says it spends N1.3 billion every month to pay more than 50,000 workers on its payroll. The state Head of Service, Alhaji Dabarako Mohammed, said this on Thursday in Ilorin in an interview with the News Agency of Nigeria (NAN...
Some operators of microfinance banks on Thursday expressed optimism that lending rates in the sub-sector would drop in 2013. They said that lending rates in the sub-sector would drop as soon as operators were able to access the Micro Small and Me...
Four persons lost their lives in a canoe mishap in Kirikasamma Local Government Area of Jigawa, an eyewitness has said. The witness told the News Agency of Nigeria (NAN) that the accident occurred on Tuesday when a wooden canoe conveying nine pas...
Mr Emeka Madubuike, the Chairman, Securities and Exchange (SEC) Committee on Dematerialisation, says the commission may shelve the nationwide dematerialisation awareness campaigns scheduled to start on Jan. 31.
Madubuike told the News Agency of Nigeria (NAN) in Lagos on Thursday that the postponement was due to the zero allocation to SEC in 2013 federal budget by the National Assembly.
Dematerialisation is the process of replacing paper share certificates with electronic records at the Central Securities Clearing System.
He said that the campaign would not be feasible because SEC needed funds to carry out the elaborate campaigns.
Madubuike, who is also the President Association of Stockbroking Houses of Nigeria (ASHON), said that the zero allocation would affect other initiatives to revamp the capital market in 2013.
According to him, SEC cannot approve the committee's report for the Jan. 31, 2013 date because of the House of the Representatives’ stance that the commission’s director-general must be removed.
Madubuike, however, called for quick resolution of the impasse by the Presidency in the interest of the capital market and the total economy.
NAN recalled that the House of Representatives directed the withholding of SEC's allocation in the 2013 Appropriation Bill it passed on Dec.20.
This followed the lower legislative chamber's decision not to have anything to do with SEC until Ms Arunma Oteh is removed as the director-general.
The commission had proposed to spend about N93 million to execute the dematerialisation policy. Oteh had said at the 2nd Annual Capital Market Committee Retreat in Warri, Delta, in December, that some shareholders were resisting dematerialisation policy due to lack of knowledge of its benefits.
Oteh reiterated that asset transfer from one investor to the other would be much easier in a dematerialised market.
The director-general said that road shows and enlightenment campaign were imperative to sensitise Nigerians on its benefits to avoid resistance.
The All Farmers Association of Nigeria (AFAN) in Gombe State has urged the Federal and state governments to plan for early supply of agricultural inputs for the 2013 farming season Alhaji Umar Abdullahi, the state Chairman of the association, made the ...
A labour leader, Mr Bede Opara, has advised the Federal Government to pay the full severance entitlements of the disengaged workers of PHCN. He said that failure to pay the full severance packages to the disengaged workers could worsen the woes of the ...
The commander of the Niger Delta Joint Military Task Force, code-named ‘Operation Pulo Shield,’ Major General Johnson Ochoga, in a chat with Osa Okhomina, reviews the campaign against crude oil theft, and the complicity of some foreigners a...
The Police Command in Kano State has arrested a man suspected to have sponsored the killing of two members of the state legislature. The News Agency of Nigeria (NAN) recalled that one of the legislators, Alhaji Garba Garko, was killed on November 17, 2...
Former President Chief Olusegun Obasanjo, has said that the surest way for Peoples Democratic Party (PDP) to win elections in Lagos State is for the party leaders in the State to bury their individual ego and remain united. The former President said th...
The Action Congress of Nigeria (ACN) has described as irresponsible, cheap and inflammatory PDP’s statement that President Goodluck Jonathan is being criticised by the opposition because he is from a minority geo-political zone. In a statement is...