Breaking News in Nigeria Today Monday 18th April 2022
Here are some of the Breaking News in Nigeria Today Monday 18th April 2022 on some of the nation newspapers .
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2023 and power-sharing pact in Awka Federal Constituency
Okey Maduforo writes on the battle for equity among gladiators for the Awka North/South Federal Constituency powersharing arrangement It was a well-attended meeting last week when the gladiators of Awka North and South Federal Constituency assembled to discuss the power-sharing arrangements for the 2023 National Assembly election. At the meeting were members
Zenith Bank appoints 4 directors
Zenith Bank Plc has appointed Mrs. Adobi Stella Nwapa and Mr. Anthony Akindele as executive directors, Mr. Peter Olatunde Bamkole and Mr. Chuks Emma Okoh as independent nonexecutive director and nonexecutive director, respectively. This was disclosed in a notice of the company’s AGM resolutions filed with the Exchange and signed by the company’s Secretary,
LCCI opens vista of collaboration with NCRIB
The Lagos Chamber of Commerce and Industry (LCCI) has expressed its readiness to forge better collaboration with the Nigerian Council of Registered Insurance Brokers (NCRIB) in order to open up the organised private sector to the values of insurance. The President of the Chamber, Dr. Michael Olawale-Cole, gave the assurance when members of the
FMDQ admits Prima Corporation series 2 CP on its Platform
FMDQ Securities Exchange Limited (FMDQ Exchange) has welcomed the quotation of the Prima Corporation Limited’s N7.02 billion Series 2 Commercial Paper (CP) under its N30.00 billion CP Programme on its platform. Prima Corporation Limited is a leading manufacturer of preforms and caps in West Africa, supplying a host of international and local brands. According
Nigerian heads new regional College of Insurance Supervisors
Following the confidence reposed in Nigerian insurance regulatory reforms, the West Africa Supervisors Association (WAISA) has named the Director, Inspectorate, National Insurance Commission (NAICOM), Dr. Pius Agboola, as Chairman of its newly established College of Insurance Supervisors for the West African Monetary Zone (CISWAMZ). The ground breaking ceremony for the establishment was at
NGX halts weekly downturn with 1.99% gain
POSITIVE SENTIMENTS The Financial Services Industry (measured by volume) led the activity chart with 975.776 million shares valued at N10.678 billion traded in 13,097 deals Trading activities on the floor of the Nigerian Exchange, last week, halted weeks of decline as the NGX All- Share Index and Market Capitalisation appreciated by 1.99 per cent
AIICO pays N47.3bn to policyholders
Frontline insurer, AIICO Insurance Plc, paid a total of N47.3 billion in 2021 to its policyholders. A statement by the insurance firm said considering a variety of metrics when assessing the quality of its services, for a lot of its customers, especially retirees, paying claims and benefits when they are due is often the
IOSCO seeks feedback on corporate bonds’ liquidity issues
The Board of the International Organisation of Securities Commissions (IOSCO) is publishing its report on corporate bond markets, drivers of liquidity during COVID-19-induced market stresses and invites stakeholder feedback on the analysis. Feedback will inform IOSCO’s ongoing review of the sector and future consideration on ways to improve market functioning and the resilience of
N3.6bn fraud: Appeal Court voids clearance of ex-NDDC Director, Omatsuli
The Court of Appeal, Lagos Division, has voided the clearance of a former Executive Director, Projects, Niger Delta Development Commission (NNDC), Tuoyo Omatsuli, of an alleged case of money laundering to the tune of N3.6 billion. A 3-man panel of the Appellate Court upheld the appeal lodged by the Economic and Financial Crimes Commission
Motorcyclist bags life imprisonment for raping teenager
Justice Hakeem Oshodi of a Lagos High Court in Ikeja has sentenced a motorcyclist, Michael Ahmed, to life imprisonment for raping a teenager. In his verdict, Justice Oshodi held that the prosecution has proved its case beyond reasonable doubt against Ahmed. “The evidence of the victim is concise and clear while the defendant’s evidence
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