Breaking News in Nigeria Today Wednesday 7th October 2020
Here are some of the Breaking News in Nigeria Today Wednesday 7th October 2020 on some of the nation newspapers .
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Infinity Trust Mortgage posts 29% drop in HI’20
Infinity Trust Mortgage Bank (ITMB) Plc has reported a 28.81 per cent drop in profit after tax for the half year ended June 30, 2020. The bank’s unaudited accounts in a filing with the Nigerian Stock Exchange (NSE) showed a profit after tax of N150.530 million for the half year 2020 as against N211.458 …
WTO revises forecast for goods to 9.2% decline in 2020
The World Trade Organization (WTO) upgraded its forecast for trade in goods this year to a level still comparable to the decline during the global financial crisis, but better than initially predicted due to a rebound in June and July. The WTO said on Tuesday that global merchandise trade would fall by 9.2% this year …
Naira firms further against dollar on parallel market
Tony Chukwunyem The naira again ap p re c i a t e d against the dollar on the parallel market yesterday, gaining N2 to close at N458/$1 compared to N460 per dollar on Monday, New Telegraph’s findings show. The local currency had gained N5 to close at N460 per dollar on the parallel …
CBN threatens to freeze shipping, airline companies’ bank accounts
Tony Chukwunyem The Central Bank of Nigeria (CBN) has read the riot act to shipping and airline companies over their non-compliance with regulations requiring that “Bills of Lading/Airway Bill in respect of exports from Nigeria carry the Form NXP in respect of the underlying cargoes.” The apex bank also said that it …
Lagos: Curious scramble for Sanwo-Olu’s job
A former Commissioner for Home Affairs in Lagos State, Dr. Abdulhakeem Abdullateef, last week, declared his intention to vie for the state’s governorship seat in 2023. In this report, WALE ELEGBEDE x-rays the timing, potential and persuasion around his ambition to succeed Governor Babajide Sanwo- Olu For those in the trenches of politics and …
PENGASSAN pickets oil company over sack of 64 workers
Oil workers, under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), yesterday picketed the office of Baker Hughes, a multinational oil company, over sacking of 64 workers. The News Agency of Nigeria (NAN) reports that the picketing took place at the Mansard House, Victoria Island area of Lagos State. NAN …
Edo election: ADP candidate files suit at tribunal
The candidate of the Action Democratic Party (ADP) in the September 19 government election in Edo State, Mr. Iboi Lucky Emmanuel, and his party yesterday filed a petition at the Edo Election Petition Tribunal, sitting in Benin, the state capital, to challenge the victory of Governor Godwin Obaseki, the Peoples Democratic Party (PDP) candidate in …
APC: Parties’ alliance’ll not stop Akeredolu’s re-election
…says gov’ll win with 58 per cent margin The All Progressives Congress (APC) National Campaign Council for the Ondo State governorship election has said the alliance of political parties in the state would not in any way sway votes against the candidate of the party, Governor Rotimi Akeredolu on Saturday’s governorship election. The …
Oyetola approves N708m for pensioners’ arrears
Lateef Dada Osun State Governor, Adegboyega Oyetola, has approved N708million for the payment of pensioners’ arrears in the state. In a statement signed by the Head of Service, Mr. Festus Olowogboyega Oyebade, stated that N508million was approved for payment of pensions of retired civil servants while N150million was approved to pay retirees under the …
Obiano seeks FG’s assistance over 5,000 displaced flood victims
Anambra State Governor, Willie Obiano, has sought the Federal Government’s intervention on alleviating the suffering of over 5,000 people displaced by flood in four local government areas of the state. Obiano told State House Correspondents after the meeting that he was in the presidential villa to brief President Muhammadu Buhari on their predicament and …
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