While much is yet to be heard of the proposed minimum capital base of N1 billion for stockbroking firms, some market operators said they believe that the Securities and Exchange Commission (SEC) has ‘soft pedalled' on the issue. The Nigerian Stock Exchange had earlier this year said that all stockbroking firms must meet the initial minimum capital base of N70…
The most haunting words I have read on Facebook are the words penned by one of the martyred youth corps members, Ukeoma Aikfavour, who had served in the restive north of Nigeria. Thinking that the worst was over and perhaps a few hours to the mindless termination of his life, he had written these words: "Na wao! This CPC supporters…
28 April 2011 Flying Eagles of Nigeria coach, John Sam Obuh, has declared his team will make history by winning the 2011 FIFA Under-20 World Cup in Colombia. Ghana became the first African team to win the FIFA Under-20 World Cup two years ago in Egypt and Obuh said he believes his team could follow in the footsteps of the…
28 April 2011 Round 35 of the English Premier League takes place over the coming weekend and Arsenal, who are all but out of the title race after their defeat at Bolton Wanderers last weekend, could still have a say in where the trophy ends up as they face leaders Manchester United at the Emirates on Sunday. The Gunners are…
28 April 2011 Nigeria have booked a place in the 2011 African Youth Championships final after a comprehensive 2-0 victory over Mali at the Dobsonville Stadium on Thursday afternoon. The Flying Eagles were always in control of the game and earned their victory via goals from Uche Nwofor, his third of the tournament, and Stanley Okoro (penalty). Mali looked toothless…
As normalcy returned to Kaduna State after last week's political mayhem, Muslim and Christian women in the state blamed Nigerian leaders for the loss of lives and property that took place during the crisis. In a joint press conference yesterday in Kaduna, the women of the Interfaith Council of Muslim and Christian Women's Groups said it was inhuman for the…
President Goodluck Jonathan has held meetings with the former governor of Kaduna State, Ahmed Makarfi, urging him to work for the victory of the People's Democratic Party (PDP) ahead of today's governorship and House of Assembly polls in the state. A reliable source from the presidency said that the president met with Mr Makarfi, the former gubernatorial contestant of the…
Two months after 11 people lost their lives in a boat mishap near Calabar, the capital of Cross River State, another boat has capsized in the same river killing four of the passengers on board, including the boat operator. The latest incident has further instilled fear over marine transportation across the river from Calabar to Creek Town, as boats capsize…
The feud between the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) over the two factions of the Association of Senior Staff of Banks, Insurance and other Financial Institutions (ASSBIFI) is still pending at the National Industrial Court. The two unions are embroiled in a battle of wits over where the union belongs. A faction claims it belongs…
A total of N5.85 billion was repaid as loans by Nigerian farmers under the Agricultural Credit Guarantee Scheme Fund (ACGSF) last year. The highest repaid amount of N769.15 million, representing 13.15 percent of the total, was made by Delta State, followed by Katsina and Adamawa states with N667.21 million and N532.64 million, respectively. Ekiti had the lowest repayment figure of…
The Central Bank of Nigeria (CBN) yesterday set end of June as deadline for full compliance to the proposal for the implementation of uniform customer bank account numbering system in the country. By that date, only banks with the Nigeria Uniform Bank Account Number (NUBAN) codes and validation test pass would be allowed access into the automated clearing system by…