Breaking News in Nigeria Today Wednesday 5th February 2020
Here are some of the Breaking News in Nigeria Today Wednesday 5th February 2020 on some of the nation newspapers .
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Deepening capital market via fintech
Following the speedy transformation in technology, leveraging on financial technology fintech platform will help boost capital market and provide participants ease in transaction activities I t has become expedient to explore ways by which the structure of the capital market can be overhauled to position for global competitiveness and growth. That is why all over the world, stock markets are using opportunities offered by technological revolution such as fintech to transform to transform market activities. Fintech is a combination of finance and technology and…
Worrying over lack of maternal care in budget
C oalition of Civil Society Organisation working in Bauchi State has expressed worries that exclusion of nutrition and other related maternal neonatal and child health component in the 2020 budget would lead to increase in malnourished children. “We are shocked over the exclusions, we will have to look for ways to resolve it amicably with government.” The Coalition under the aegis of Network against Severe Acute Malnutrition (SAM Network) said their concern was why the state government excluded Nutrition component from the budget and that may translate into lack of …
FG upgrades 7 health institutions to manage cancer-related ailments
T he Federal Government has designated seven of its Federal Tertiary Health Institutions as Oncology Centres of Excellence, to effectively manage invasive cancer and cancer-related illnesses. Minister of Health, Dr Osagie Ehanire, who made this known in Abuja during the commemoration of the 2020 World Cancer Day with the theme “I am and I will play my part to reduce the burden of cancer” yesterday in Abuja, said the move would equally help to avert preventable cancer related deaths in the country. The seven institutions are…
Akeredolu: We won’t reverse Operation Amotekun
..says talks ongoing with IGP, others O ndo State Governor, Rotimi Akeredolu yesterday said that there was no going back on the take off Operation Amotekun, the South-West regional security outfit launched recently amidst controversies about its legality. Aketedolu, who disclosed this to journalists shortly after a meeting with President Muhammadu Buhari said that the six governors of Ekiti, Ondo, Oyo, Ogun, Osun and Lagos were billed to meet with the Inspector General of Police, Muhammed Adamu and other stakeholders today on the issue. The governor disclosed…
Senate approves N238.15bn budget for Customs
…chides MDAs who failed to submit audited accts T he Senate, yesterday, during plenary session, approved the sum of N238.15 billion for the Nigeria Customs Service (NCS) as its budget for 2020 fiscal year. This was as the Red Chamber chided the NCS for not submitting its audited accounts in the last six years, noting that other Federal Government establishments were guilty of the offence. The apex legislative chamber, however, approved the budget of NCS, in spite of serious opposition from some senators, who observed that the Senate…
Banks’ challenges mount as CBN steps up inflation fight
Already grappling with the Central Bank of Nigeria’s (CBN) measures to get them to increase lending to the real sector, deposit money banks (DMBs) in the country faced a fresh challenge recently when the apex bank announced that it had hiked Cash Reserve Ratio (CRR) as part of efforts to curb inflation, writes Tony Chukwunyem C learly, the decision by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), at its meeting last month, to increase Cash Reserve Requirement, also known as Cash Reserve Ratio (CRR), by…
Senate: Discordant tunes in Senate over state police
CHUKWU DAVID reports how harmony and dissonance characterised last week’s Senate plenary during discussion on the deteriorating security situation in the country A greements and disagreements were the order of the day last week Wednesday, when the Senate spent over five hours debating rising security challenges in the country and attempting to prefer lasting solutions to the situation. The Senate engaged in the comprehensive discussion, following a motion titled: “Nigerian Security Challenges: Urgent need to restructure, review and reorganise the current security architecture,” sponsored by 105 out of…
Insecurity: When reps called for sack of service chiefs
Worried by the worsening insecurity in the country, the House of Representatives recently called on all the service chiefs to resign immediately. PHILIP NYAM reviews how the decision was taken I t is obvious that the challenge of insecurity in Nigeria has not abated despite the sustained war against Boko Haram insurgents, bandits and kidnappers by the military and other security agencies. It was therefore, not surprising when a day after reconvening from the recess, members of the House of Representatives through an exhaustively…
Edo polls: Why Ize-Iyamu remains our choice, by APC chieftain
A chieftain of the All Progressives Congress (APC) in Edo State, Yaya Hussein Garba, yesterday gave reasons the former Secretary to the Edo State Government (SSG), Pastor Osagie Ize-Iyamu, is the preferred choice to succeed Governor Godwin Obaseki as the governor in the forthcoming governorship poll in the state. This was as he reiterated that Pastor Ize-Iyamu’s popularity, readiness to serve the people, industry and reach could not be matched by any other person. “He is a man, who after 12 years he left office he still commands…
Bank stocks investors gain N119bn in January
POSITIVE Investors renewed their appetite on equities on the back recent CBN directive on OMO and expectation of full year results I nvestors of banks quoted on the main board and premium board of the nation’s stock market reported a cumulative gain of about N119 billion during the first month of the year 2020 (January) following sustained positive sentiments. The stocks recorded the gains on the back of expectation of full year earnings results from lenders in the sector and also renewed investment appetite on the equities…
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