Daily Archives: November 15, 2020

Post #EndSARS: Police to undergo massive reform

By Yusuf Alli, Abuja The reform of the police in the aftermath of the #EndSARS protest is in the works. Some of the highlights of the plan are: To limit the minimum requirement for police enlistment to holders of Ordinary National Diploma (OND). Previously, people with primary school leaving certificate …

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CBN’s LDR policy buoys lending to real sector

The Central Bank of Nigeria’s Loan to-Deposit-Ratio (LDR) initiative has through its 18 months of existence, largely accomplished its objective of driving the needed credit to the real and other critical sectors of the economy, reports Group Business Editor, SIMEON EBULU.   Although the Loan-to-Deposit Ratio (LDR) is a common …

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INEC: No issue fixing legislative by-elections date

Romanus Ugwu, Abuja The Independent National Electoral Commission (INEC) has denied any intrigue in fixing legislative bye-elections in the absence of Prof. Yakubu. Responding to the inquiries from Daily Sun, National Commissioner and Chairman, Information and Voter Education Committee, Festus Okoye, said Yakubu should be happy the machinery of the …

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ExxonMobil, groups lift schools with masks, others

By AbdulGafar Alabelewe, Kaduna ExxonMobil Foundation, the National Basketball Association (NBA) and Africare have donated 30,000 masks, 90 new handwashing stations and hand sanitiser to 30 schools in Abuja. The groups, in a statement, said the handwashing stations will reach 35,000 school community users. They said they were committed to …

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World Bank: Africa’s MSMEs worst hit by virus

By Lucas Ajanaku   Micro, small, and medium enterprises (MSMEs) took a devastating hit from COVID-19 pandemic with more firms in sub-Saharan Africa axing more jobs as sales took a terrific hit, the World Bank said at the weekend. According to the bank’s COVID-19 Business Pulse Surveys carried out in …

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Succession crisis rocks INEC

Fred Itua, Abuja An imminent crisis is looming at the Independent National Electoral Commission (INEC) following recent handing over of the immediate past chairman of the Commission, Prof. Mahmoud Yakubu, pending the Senate confirmation hearing for the renewal of his tenure as substantive chairman. Already, there are strong indications that …

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Nigerian stocks lead global rally with N2.1tr gain

By Taofik Salako, Deputy Group Business Editor   Nigerian equities shot into the lead of the world’s equities performance with a N2.1 trillion net capital gains at the weekend amid global optimism on recovery and attractive domestic valuation. Benchmark indices at the Nigerian stock market closed weekend with average return of …

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‘AfCFTA will open up neighbouring markets for Nigeria’

The ratification of the African Continental Free Trade Agreement (AfCFTA) last week by the Federal Government is expected to have resounding impact on the Nigerian economy. Some firms are positioning to key into the pact. One of such firms is the Inland Containers Nigeria Limited (ICNL), the parent company of …

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The challenge of securing Southwest

The Southwest is rising to the challenge of security in the geo-political zone. Devastated by the consequence of the recent #EndSARS protest, which was hijacked by hoodlums, regional leaders, including governors and monarchs, are brainstorming to prevent a reoccurence. Deputy Editor EMMANUEL OLADESU examines their efforts and constraints to regional …

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Fed Govt enjoined to expedite action on Malabu oil scam

By Raymond Mordi   GIVEN the revenue shortfall currently facing the country, the Federal Government has been enjoined to expedite action to unravel those involved in Oil Prospecting Lease (OPL) for the controversial Oil Block 245 scam, otherwise known as the Malabu oil deal, where weighty corruption charges are levelled …

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