Breaking News in Nigeria Today Monday 5th September 2022
Here are some of the Breaking News in Nigeria Today Monday 5th September 2022 on some of the nation newspapers .
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Dust over ‘bungled’ Kyari’s extradition
Dust over ‘bungled’ Kyari’s extradition Lawyers: Kyari’s extradition suit filed by AGF in bad faith AKEEM NAFIU writes that lawyers have berated the Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), for seeking a court’s order to extradite the suspended Deputy Commissioner of Police (DCP), Abba Kyari, currently facing trial in Nigeria
Weekly Wrap-Up: NGX investors lose 2.339bn
A total turnover of 1.195 billion shares worth N12.924 billion in 19,305 deals was traded this week by investors on the floor of the Nigerian Exchange Limited (NGX), in contrast to a total of 914.443 million shares valued at N15.263 billion that exchanged hands last week in 18,021 deals. This indicated 2.339 billion naira
Failed Banks: NDIC publishes final dividend call to depositors, creditors
The Nigeria Deposit Insurance Corporation (NDIC), has published a final dividend declaration notice to depositors of 20 failed banks. The NDIC also published a final dividend declaration notice to creditors of five banks in-liquidation. The notice published on the Corporation’s website on Friday, listed the banks to include ABC Merchant Bank Ltd., Commercial Trust Bank
PDP: A party and its seasonal implosion
PDP travels a familiar path ahead of 2023 general election FELIX NWANERI writes on internal squabble that has become part of the Peoples Democratic Party (PDP) whenever it is preparing for a major election The Peoples Democratic Party (PDP), a centrist political party formed ahead of the country’s return to civil rule in
Report: CBN sells treasury bills worth N3.34trn in 8 months
The Central Bank of Nigeria (CBN) sold a total of N3.34trillion in Treasury Bills (T-Bills) between January and August this year, a report by CSL Stockbrokers Limited has said. According to the report, the amount is 34 per cent higher than the N2.5trillion treasury bills of- fered for sale by the apex bank during the
Moody’s cuts economic growth forecast for G20 economies
Moody’s has cut its growth projections for the Group of 20 (G20) economies, as the war in Ukraine, tightening financial conditions and COVID-19 restrictions in China drag on, according to Reuters. The G20 economies, which grew 5.9 per cent last year, are now forecast to collectively grow 2.5 per cent in 2022, before slowing again
Yakusak: Rejection of Nigeria’s produce abroad embarrassing
Director/CEO of Nigerian Export Promotion Council (NEPC), Dr. Ezra Yakusak, in this interview with ABDULWAHAB ISA, speaks on efforts to rectify rejection of Nigeria’s export produce overseas Why is the Council considering establishing a warehouse? The Council’s quest to provide export -related supply chain solutions necessitated the proposal for setting up a
Julius Berger: Poor share response to mega operations
The capital market has continued to be a mystery to many shareholders as a situation where a company is performing well in its operation but not reflecting in their share price value has remained a puzzle. RHODA OGUNSEYE writes According to founder and a former National Coordinator of the Independent Shareholders Association Of Nigeria
Depleting Revenue: Aviation agencies scamper to recover costs
FAAN operating at a loss The depleting revenue of many of the aviation agencies may have made them, particularly the Federal Airports Authority of Nigeria (FAAN), go after airlines that owe them over N30 billion in taxes, charges and other remittances. The reduction in revenue generation has put FAAN in a dire financial strait
CDP boosts AFC’s infrastructure funds with €100m loan
The Italian development finance institution, Cassa Depositi e Prestiti SpA (CDP), has agreed a debut €100 million loan for Africa Finance Corporation (AFC), the infrastructure solutions provider on the African continent, to facilitate investments in renewable power, energy efficient projects and climateresilient infrastructure. This is just as it has also signed a Memorandum of Understanding
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