Author: Admin

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 The IST was initially established under section 224 of the Investments and Securities Act (ISA) 1999 which has been repealed and replaced by the ISA 2007.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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NDDC should collaborate with states, not compete – Gov. Ayade

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Gov. Ben Ayade of Cross River has stressed the importance of collaboration between the Niger Delta Development Commission (NDDC) and the different levels of government in the development of the Niger Delta region. Ayade said this on Thursday in Calabar when members of the Board and Management of NDDC paid him a courtesy visit in Calabar. According to Ayade, Cross River deserved sympathy because it was disadvantaged among the Niger Delta states. He explained that the state was the most disadvantaged among NDDC states in the area of infrastructural projects. “We…

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WHO renews polio fight in Nigeria

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The World Health Organisation (WHO) on Saturday renewed its commitment to assist Nigeria combat polio and other child killer diseases. Mrs Masthidisco Moeti, the WHO Regional Director for Africa, said this at a press conference in Maiduguri. Moeti said that the organisation would work in collaboration with development partners to rehabilitate and upgrade health facilities ravaged by Boko Haram insurgents in the 27 local government areas of the state. She said that the measure was to enhance quality healthcare delivery to the displaced persons in liberated communities. The director disclosed…

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Why I will not marry any poor man – Actress, Iyabo Ojo

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Nollywood actress, Iyabo Ojo, has given reasons she will never marry a poor man. The actress whose marriage crashed, and has since refused to remarry, told Punch that she is now ready to give marriage a chance. She said, “If marriage comes along, yes I will consider it. Then, I used to say that I didn’t want to get married again because of the stress involved. “Now, I have had a rethink. But I can’t marry a poor man. Some people will say I shouldn’t say that, but I am…

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‘I’m intact,’ Rex Tillerson says of his standing in Washington

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Secretary of State Rex Tillerson defended his standing within the administration Sunday, saying President Trump’s social-media pronouncements on major global issues did not undercut the nation’s top diplomat. “I’m not going to deal with that kind of petty stuff,” Tillerson said on CNN’s “State of the Union,” rejecting a chance to address reports that he called Trump a “moron” during a meeting of top national security officials. “I don’t work that way.” Tillerson’s appearances on the Sunday talk shows provided his most fulsome comments since NBC News reported that, during…

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Van Gaal blasts Mourinho, Manchester United over his sack

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Former Manchester United manager, Louis van Gaal, has criticised the club for the way he was replaced by Jose Mourinho. Van Gaal was sacked after two years at Old Trafford and Mourinho’s arrival as his replacement was an open secret, even before an official confirmation. Both men met at Anfield on Saturday for United’s goalless draw with Liverpool on Saturday, with Van Gaal on duty for Dutch TV. “How I have suspected it, the way his transfer as a manager to Manchester United went was not elegant at all, that…

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Restructuring: How North tilted towards return to regions

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Northern leaders at the just concluded conference on restructuring in Kaduna seem to favour a return to regional governments, our correspondent reports. At the conclusion of the conference by northern elders on ‘The future of the North and the Nigerian Federation,’ a euphemism for a discourse on the vexed issue of restructuring which held in Kaduna  on Thursday, it was evident that the North is not happy with the reactionary label slammed on it by the other geopolitical zones. Northern leaders, made from various political divides and religious leaders,  intellectuals…

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Suicide bomber kills at least 50 in Mogadishu

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At least 50 people were killed and more than 80 others were wounded in what seems to be the largest suicide car bombing ever in the Somali capital Mogadishu. A suicide bomber exploded a vehicle at a busy intersection despite being fired on by security forces, as reported by government officials, medical sources and witnesses on Saturday afternoon, sending clouds of white smoke spiralling into the sky. Most of those killed were civilians, police officer Mohamed Dahir told dpa. Witness Ahmed Hassan described dozens of public buses destroyed as wounded…

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Chelsea in a ‘difficult moment’ admits Conte

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Antonio Conte admits Chelsea are going through a “difficult moment” after the Premier League champions crashed to a shock 2-1 defeat at lowly Crystal Palace. The loss left Conte’s side nine points adrift of leaders Manchester City and the pain was compounded by a hamstring injury to Victor Moses that will rule the wing-back out of Wednesday’s Champions League meeting with Roma. Moses joins Chelsea midfielder N’Golo Kante on the sidelines, but Blues boss Conte is hopeful striker Alvaro Morata will be fit to return after sitting out the visit to Palace with a…

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