Funeral of 7 massacred school children holds in Cameroon

Cameroon map Thursday morning saw a dark cloud of tragedy hang over the Regional Hospital of Kumba, Cameroon as many gathered to mourn seven students shot in cold blood by armed men at the College St Mother Francisca a week ago. This funeral comes only 24 hours after an attack on a school in Limbe that …

Lagos discovers more COVID-19 cases in another school

Professor Akin Abayomi, Lagos State Health Commissioner. Lagos State Government says it has confirmed more positive COVID-19 cases in another secondary boarding school in the state. The state Commissioner for Health, Prof. Akin Abayomi, disclosed the new infections in a statement on Friday in Lagos. Abayomi said that a staff of the school fell ill, …

Kenya grants pan-African financial firm fund management license

Mr. Yemi Adefisan, By Olasunkanmi Akoni CFS Asset Management Limited, a subsidiary of pan-African financial and investment conglomerate, Cititrust Holdings Plc, has been granted a fund management license by the Kenyan government. The approval was conveyed in a letter addressed to the company’s chairman by the Capital Markets Authority, Kenya. The letter reads in …

MACBAN, Benue Monitoring C’ttee tasks FG on incentives for ranching

By Peter Duru The Miyetti Allah Cattle Breeders Association, MACBAN, and Benue State Monitoring Committee have asked the federal and state governments to create incentives that will encourage herders to embrace ranching. They also suggested that the government prohibit the free movement of foreigners and livestock into the country and rescind the policy of issuing …

INEC chairman steps down on Monday

outgoing chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, will hand over the reins of power in the Commission to an interim electoral commissioner until the Senate approves his re-appointment as INEC chairman. TheNigerian News gathered that this is a statutory requirement for any INEC boss reappointed by the president. Prof Yakubu was first appointed by President …

FG needs $656m to complete Lagos-Ibadan railway – Amaechi

Minister of Transportation, Rotimi Amaechi has said the Federal Government requires the sum of $656 million to complete work on the Lagos-Ibadan railway project. Amaechi disclosed this on Friday while defending his ministry’s 2021 budget at the Senate. He explained that the amount is needed to put the necessary infrastructure in place for the project to serve its intended purpose. …

CBN secures order to freeze accounts of 20 #EndSARS protesters

CBN By Ikechukwu Nnochiri The Abuja Division of the Federal High Court has granted the Central Bank of Nigeria, CBN, the nod to freeze accounts of 20 #EndSARS promoters. The order followed an ex-parte order the apex bank filed through a team of lawyers led by a former Attorney-General of the Federation and Minister of Justice, …

Okonjo-Iweala: WTO postpones meeting to pick new DG

THE World Trade Organisation has postponed a meeting where members are expected to pick a new Director-General after the United States blocked the favoured candidate, Ngozi Okonjo-Iweala. The WTO earlier announced that the meeting would hold next week. But a communication seen by AFP showed that the meeting has been postponed indefinitely. “It has come to my attention that for reasons …

FG launches VASA report for improved healthcare delivery

Minister of Health, Osagie Ehanire By Joseph Erunke & Chris Ochayi, Abuja As part of its efforts aimed at improving the nation’s healthcare delivery, the federal government, Friday, launched 2019 Verbal and Social Autopsy, VASA study. The government explained that the development was to improve infant, children and maternal health through accurate, credible, verifiable and acceptable …

Seven test positive for COVID-19 in Lagos school

Professor Akin Abayomi By Olasunkammi Akoni Lagos State Government on Friday confirmed positive COVID-19 cases in an undisclosed secondary boarding school on the mainland of the state The state Commissioner for Health, Professor Akin Abayomi who confirmed the report, said a member of the school’s staff was confirmed positive for COVID-19 on November 2, and contact …

Abuja court remands 7 #EndSARS protesters in jail till January 2021

By Luminous Jannamike, Abuja Operatives of the FCT police command on Friday dispersed youths who stormed the National Assembly complex to resume the #EndSARS protest. The youths had gathered at the complex to continue their demonstration against police brutality and demand for comprehensive reform in the country’s internal security architecture. However, the security operatives fired …

Capital market operators, stakeholders advocate review of new CAMA

Capital market operators and other stakeholders have called for amendment of some sections of the new Company and Allied Matters Act (CAMA) as a precondition for revival of the Nigerian capital market. They stated this during the first hybrid  2020 conference of the Chartered Institute of Stockbrokers, CIS in Lagos with the theme, “Navigating through the Storms-Reenergizing the Economy through …

Capital market operators, stakeholders advocate review of new CAMA

Nigerian Stock Exchange By Peter Egwuatu Capital market operators and other stakeholders have called for amendment of some sections of the new Company and Allied Matters Act (CAMA) as a precondition for revival of the Nigerian capital market. They stated this during the first hybrid  2020 conference of the Chartered Institute of Stockbrokers, CIS in Lagos …