Breaking News in Nigeria Today Friday 31st January 2020
Here are some of the Breaking News in Nigeria Today Friday 31st January 2020 on some of the nation newspapers .
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Call for Buhari’s resignation: ACF, Ohanaeze, Afenifere differ
It’s uncharitable, says ACF Ohanaeze, Afenifere want service chiefs sacked Yakassai: Resignation’ll not solve problem of insecurity Mixed reactions, yesterday, trailed Wednesday’s call by the Senate Minority Leader, Enyinnaya Abaribe, for President Muhammadu Buhari to resign over growing insecurity in the country. While apex Northern body, Arewa Consultative Forum (ACF), described the call as not only unkind but uncharitable, apex Igbo body and pan Yoruba socio-cultural group, Afenifere, asked the President to sack his security chiefs. ACF said that in spite of the prevailing security situation, President…
BUA chairman: African private sector must play key role in development
The Executive Chairman and Chief Executive Officer, BUA Group, Abdul Samad Rabiu, has said that African private sector has a key role to play in changing the paradigm of doing business right on the continent. He said that would help in achieving common good-capitalism. Rabiu stated this ahead of the eighth edition of the largest international gathering of the African private sector in Abidjan, Côte d’Ivoire, scheduled to hold 9th and 10th March. He said that leaders of Africa’s economy and largest companies have been slow to participate in the…
Coronavirus: Senate asks FG to allocate more funds to NCDC
…urges Ministry of Health to quarantine foreigners The Senate, yesterday, asked the Federal Government to allocate more funds to the National Centre for Disease Control (NCDC) to acquire the latest equipment for research and diagnosis of tropical diseases that threaten human existence. The resolution followed a motion sponsored by the Chairman, Senate Committee on Primary Health Care and Communicable Diseases, Senator Chukwuka Utazi, on the outbreak of Coronavirus in China and other countries, and the need to prevent its spread to Nigeria. The motion was entitled, “Coronavirus outbreak and…
Oil falls to $58 over Coronavirus Worldwide spread
The global oil market was yesterday hit by the spread of Coronavirus, dipping the price of crude oil, major revenue earner for Nigeria, to $58 per barrel. Nigeria, Africa’s biggest exporter of crude depends largely on proceeds from the commodity to service over 80 per cent of its revenue. With the country’s revenue taking the hit on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, the Organisation of Petroleum Exporting Countries (OPEC) hinted on yesterday of a plan to drag its scheduled meeting from…
Flour Mills grows Q3 PBT by 23%.
Flour Mills of Nigeria Plc, Nigeria’s leading integrated food business and agro-allied Group has said that its Q3 results for the year 2019/20 showed profit before tax increasing by 23 per cent to N3.7 billion in Q3, and by nine per cent to N12.3 billion YTD. The group’s revenue in Q3 2019/20 was N152.7 billion, compared to N130.9 billion in Q3 2018/19 (17 per cent – YoY growth). For the nine months ended 31st December 31, 2019, Group revenue was N423.5 billion, representing a six per cent increase compared to…
BIS market committee seeks wider adoption of FX Global code
The Bank for International Settlements (BIS) Markets Committee has called for more participants in the foreign exchange (FX) market to adopt the FX Global Code. Launched in 2017, the Code is a set of good market practices for the global FX market, with its turnover of more than $6.6 trillion a day. Markets Committee Chair, Jacqueline Loh, said that a significant and growing number of market participants have posted Statements of Commitment to the Code. She noted, however, that adoption has lagged for some important market segments, particularly large buy-side…
Polaris Bank supports gender equality campaign
Polaris Bank has lent its voice to support the global “HeForShe” movement initiative of the United Nations (UN) in line with its Sustainability and Corporate Social Responsibility (CSR) Policy thrust, even as the bank’s CEO, Tokunbo Abiru. is nominated Gender Equality Champion by the Lagos State Ministry of Women Affairs & Poverty Alleviation in conjunction with UNWomen. The Polaris Bank CEO gave his commitment at the launch of the HeForShe campaign in Lagos State on Tuesday, where the Lagos State Governor, Babajide Sanwo-Olu, flagged off the campaign in the state.…
AfDB: Africa’s economy to rise to 3.9% in 2020
The African Development Bank (AfDB) has projected economic growth to rise from 3.4 per cent in 2019 to 3.9 per cent in 2020 and 4.1 per cent in 2021. The AfDB President, Dr Akinwumi Adesina, disclosed this during a public presentation of African Economic Outlook 2020 in Abidjan on Thursday. Adesina said that this aggregate growth rate masked highly diversified and resilient growth patterns. He explained that 20 countries were projected this year to grow at three to five per cent while 20 countries were projected to achieve growth rates…
Lack of transparency, accountability fuelling out-of-school children menace – FG
The Federal Government yesterday said lack of transparency and accountability in basic education funds and resources was a contributive factor to the increasing number of out-of-school children in the country. The Permanent Secretary, Federal Ministry of Education, Sonny Echonu, made this known in Abuja at the public launch of an investigative report on six years of UBE in Kaduna and Lagos states and the Federal Capital Territory (FCT) by Human Development Initiative (HDI), sponsored by the MacArthur Foundation. The permanent secretary, who was represented by a director in the ministry,…
Senate to Buhari: Obey court judgement on FCT
The Senate, yesterday, told President Muhammadu, to obey the judgement of the Court of Appeal to appoint an indigene of the Federal Capital Territory (FCT, Abuja) a Minister of the Federal Republic of Nigeria like indigenes of the 36 States of the Federation. The Court of Appeal in Abuja had on the strength of litigation brought before it by concerned indigenes of FCT on the need for an indigene from the territory to be among the ministers of the Federal Republic of Nigeria, gave judgement to that effect in September…
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