Breaking News in Nigeria Today Monday 4th October 2021
Here are some of the Breaking News in Nigeria Today Monday 4th October 2021 on some of the nation newspapers .
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Investors flout FG’s directive, import N592bn palm oil
A total of 1.09 million tonnes of foreign palm oil valued at N592.7 billion ($1.19 billion) has been imported by manufacturers into Nigeria between January 2020 and August 2021. This was after the Central Bank of Nigeria (CBN) threatened to sanction and blacklist rebellious importers. In 2019, CBN said that it would blacklist firms
Cost of governance has made it impossible for Nigeria to develop – Yakassai
Leader of the Northern Elders Forum (NEF), Alhaji Tanko Yakassai has been an active player in the politics of Nigeria right from the colonial era. In this interview with ONWUKA NZESHI, the elder statesman looks back with nostalgia at the early years of Nigeria’s independence and the rapid progress made during that golden
Ani: Prompt claims payment has improved insurance sector
Head of Department of Insurance, Institute of Management Technology (IMT), Enugu, South East Nigeria, Mr Afamefuna Ani, in this interaction, speaks on contemporary insurance industry in Nigeria and the industry regulator’s effort to transform the sector. Sunday Ojeme reports As a major stakeholder, how would you assess the insurance industry of today? Before
‘Global rate hikes’ll increase Nigeria’s debt service burden’
As Nigeria’s fiscal and monetary authorities bask in the euphoria of successfully raising $4billion through eurobonds, analysts at Financial Derivatives Company Limited (FDC) have said that the looming global hiking cycle will lead to an increase in the debt service costs of the country. The analysts, who stated this in the “FDC Bi-monthly update”
Linkage Assurance pays N2.450bn claims
Underwriting firm, Linkage Assurance Plc, has paid out N2.450 billion claims in the first eight months of year 2021. According to the figures made available by the company, between January and August 2021, fire claims accounted for N869 million of the total claims. Daniel Braie, Managing Director/ CEO, Linkage Assurance Plc, said the
Infraction: NGX suspends trading in Chellarams shares
Trading in the shares of Chellarams Plc has been suspended from the facilities of the Nigerian Exchange Limited (NGX) for having failed to file its audited financial statements for the year ended March 31, 2021 after the expiration of the cure period. According to a notice obtained from the NGX, trading license holders and
Share reconstruction: NGX lifts suspension on AXA Mansard shares
The Nigerian Exchange Limited (NGX) has lifted suspension placed on the trading in the shares of AXA Mansard following the completion of the share capital reconstruction. A statement obtained from the NGX weekly report said: “We refer to our market bulletin of 9 September 2021 with reference number: NGXREG/ LRD/MB36/21/09/09, wherein the market was
IMF: Cryptocurrencies threaten emerging markets’ financial stability
The advent of digital currencies- cryptocurrencies- in emerging markets could spark “cryptoisation” of local economies, potentially undermining exchange and capital controls and upsetting financial stability, the International Monetary Fund (IMF) said at the weekend. Bitcoin and its kin have in the last year soared in price and popularity, with emerging and developing market economies
Customer Service Week: FCMB celebrates customers’ core value
Leading commercial bank, First City Monument Bank (FCMB), has joined the rest of the world to celebrate this year’s customer service week, with a commitment to continuously offer easy to use products and platforms, and to offer the very best customer experience, which will save their customers’ time, and increase their prosperity. The bank’s
One-way driving: Court dismisses AG’s charge against motorist
Magistrate L. K. J. Layeni of the Special Offences Court in Oshodi has discharged and acquitted a motorist, Ugochukwu Azala, of a count charge of driving against traffic slammed on him by the Attorney General of Lagos State, Moyosore Onigbanjo (SAN). In his judgement, Magistrate Layeni held that the prosecution has failed to prove
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