Day: October 17, 2017

Delta inaugurates 8-man c’ttee on mining

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Delta State Government, has inaugurated an eight- man committee on mining of untapped natural resources with Mr John Edijala as Chairman. Inaugurating the committee, Secretary to the State Government, SSG, Mr Festus Agas, said that the committee was expected to liaise with the Ministry of Mines and Steel in Abuja, committees on Mines in other states, miners and host communitie Other members of the committee are Mr Austin Oghoro, Mr Joe  Ogabu, Mr Jude Aguonye, Mr Itiako Ikpokpo, Mrs Nkem  Ajufo, Mr John Onyetenu and Mrs Kuye as secretary. He…

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North Korea battles new EU sanctions

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European Union (EU) foreign ministers on Monday adopted a new set of sanctions against North Korea, as pressure mounts on the country to stop its nuclear and ballistic missile programmes. The new sanctions, which go beyond measures mandated by the UN Security Council, include a total ban on EU investment in North Korea and a ban on the sale of any refined petroleum products or crude oil to the country. Individual personal money transfers to North Korea from the country’s nationals living in the EU will also be limited to…

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IST assures of speedy resolution of capital market disputes

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Chairman of Investment and Securities Tribunal (IST), Mr. Isaiah Idoko-Akoh, has assured investors and other stakeholders in the nation’s securities market of speedy resolutions of disputes. The IST was initially established under section 224 of the Investments and Securities Act (ISA) 1999 which has been repealed and replaced by the ISA 2007. It is an independent specialised civil court that operates a fast-track adjudicatory system with the mandate, among others, to   provide   accessible, affordable, timely as well as efficient means of settling/resolving disputes arising from transactions in the Nigerian capital…

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Why we’re borrowing more —Adeosun

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As Emefiele deflects IMFs concern over Nigeria’s banking system Amid rising public concerns over Nigeria’s increasing debt profile, the Federal Government has indicated that increasing borrowings along with tax measures remained the only options to drive the economy out of recession and sustain growth for now. Minister of Finance, Mrs. Kemi Adeosun, who gave this indication, yesterday, on the sidelines of the just concluded 2017 World Bank and International Monetary Fund annual meetings in Washington DC, United States, also said the borrowings were now being refocused away from domestic to international…

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