The Nation Newspaper Today Headline Monday 31st October 2022
The Nation Newspaper Today Headline and news Dailies Update on current affairs happening now in Nigeria today 31/10/22
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Stampede: Nigeria stands with South Korean people, says Buhari
President Muhammadu Buhari, yesterday, expressed Nigeria’s commiseration to the government and people South Korea, over the tragic loss of more than 150 persons in a stampede incident in Itaewon, Seoul District. In a statement issued by his Special Adviser on Media and Publicity, Mr Femi Adesina, President Buhari assured South Korean counterpart, President Yoon Suk-yeo
Furore over Ibadan Circular Road project
Amid legal tussles, uncertainties and tales of contract re-awards, the Oyo State Government recently re-awarded the Ibadan Circular Road (ICR) and named it after former governor Rashidi Ladoja. In this report, YINKA ADENIRAN chronicles the potential benefits of the ambitious road project and litigation disputes that may undermine the successful delivery of the much-needed the
Wanted in Imo: A lasting solution to recurrent flood menace
The best solution to prevent the recurring flood menace in Imo State is to dredge Niger and Orashi Rivers as a long term answer. However, victims of the menace are desperately seeking a temporary solution that can cushion the effect of the flood hazard that has destroyed their assets and rendered many of them homeless.
Fraud, irregularities impeding agricultural business, food security
Stakeholders within and outside the insurance sector have highlighted fraudulent activities and irregularities in the chain of operations in agricultural business. Omobola Tolu-Kusimo writes that this and many more issues stand against the goals of President Muhammadu Buhari’s achievement of food security in the country. For all you care, a lot of fraudulent activities have
Firm to deepen investment, commitment in economy
BIC, a manufacturer in the stationery sector, has reaffirmed its commitment to the local community and economy in Nigeria through its local production and capacity building. The BIC manufacturing facility today employs around 500 team members, the majority of which are Nigerians, with more than 85 per cent female, shedding light on the company’s commitment
Afrinvest report: Banks show strength in NPLs, liquidity ratios
The Afrinvest 2022 Banking Sector Report (BSR) has shown that commercial banks recorded modest improvement in all regulatory indicators despite daunting economic challenges. The report’s assessment of Central Bank of Nigeria (CBN’s) financial stability indicators showed that liquidity ratio and Non-Performing Loan (NPL) ratio for banks improved by 130 basis points (up) and 75bps (down),
Agusto upgrades Wema Bank’s bond rating
•Records N95.354b gross earnings in Q3 Agusto & Co has upgraded Wema Bank Funding SPV Plc’s Series II Bond to ‘Bbb+’ with a stable outlook, from the previous ‘Bbb’ score. Wema Bank Funding SPV Plc is a special purpose vehicle (SPV) set up by Wema Bank Plc for the issuance of debt securities. Agusto in
FITC to banks: Adopt CBN’s cybersecurity framework to tackle rising cybercrime
•Links cybercrime uptick to digitisation of banking services The Financial Institutions Training Centre (FITC) has reiterated the rising spate of digital risks fueled by digitization of banking services. FITC Managing Director/CEO, Chizor Malize, disclosed this during the third edition of ThinkNnovation Cybersecurity Conference held in Lagos, themed: “Accelerating the adoption Cybersecurity: Reimagine, Simplify, Grow.” She explainedemphasized
‘Alternative finance essential to housing development’
Stakeholders in the Nigerian financial markets have called for the use of the nation’s growing alternative finance market for the development of amenable housing schemes in order to bridge the country’s huge housing gap. Experts said the alternative finance or non interest segment of the capital market has the potential to finance the housing sector
Conoil’s shareholders approve 67% increase in dividend payouts
Shareholders of Conoil Plc at the weekend unanimously approved 66.7 per cent increase in cash payouts as the energy company reassured on its commitment to enhance shareholders’ value. At the annual general meeting in Lagos, shareholders approved increase in dividend payout from N1.04 billion paid for the 2020 business year to N1.73 billion for the
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