Banks’ stocks gain N966bn in 10 months

Uptick in the market is attributed to positive macro-economic sentiment Investors in banks quoted on the main board of the Nigeria Stock Exchange (NSE) reported a gain of about N966 billion in the first 10 months of 2017 following strong financial results, improvement in the economy and relative stability in the foreign exchange. Checks by New Telegraph showed that the stocks recorded a gain of N966 billion or 66.99 per cent to close at N2.408 trillion in market capitalisation on the last trading day of October 31, 2017, as against…

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US court halts two executions

  The top court in Arkansas has halted two executions that were due to start a series of seven in 11 days. The state’s Supreme Court acted hours before convicted murderers Don Davis and Bruce Ward were due to die, but the Davis decision could yet be reversed. Their lawyers had argued they were mentally unfit to face execution and were denied proper assessment. But there was a victory for the state when a federal court lifted an order that blocked all seven executions. A blanket ruling made on Saturday…

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NSA probes N15bn recovery

The National Security Adviser (NSA), Major General Mohammed Monguno (rtd), has begun an investigation into the recovery of about N15 billion by the Economic and Financial Crimes Commission (EFCC). This is as President Muhammadu Buhari has directed the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), to submit a report on the recovery. The EFCC had, last week Wednesday, recovered $43.4 million, £27,800 and N23.2 million totalling about N15 billion from a private apartment at the Osborne Towers in Ikoyi, Lagos. New Telegraph was informed…

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Malabu probe: Reps backpedal on Jonathan’s invitation

Barely a week after the House of Representatives’ ad hoc committee investigating allegations of corruption, malpractices, and breach of due process in the award of oil prospecting licence (OPL 245) better known as Malabu oil scandal, said it planned to invite former President Goodluck Jonathan, there are indications that the committee will no longer insist on the appearance of the former leader. New Telegraph reliably gathered that the ad hoc committee, led by Hon. Razaq Atunwa (APC, Kwara) may have considered the implications of the invitation of the former president…

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Sustained development for Etche

As at May 29, 2015 when the good people of Rivers State rightly expelled the All Progressives Congress ( APC) from government, the people of Etche Ethnic Nationality were one of the most neglected communities. They were denied developmental projects, appointments and respect from their own state government. Due to no fault of theirs, they were degraded to second class citizens in a state where they served as food basket and also have some of the critical oil producing communities. Their situation was worsened by the fact that Etche APC…

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Ekiti guber aspirant preaches unity among APC members

APC logo

Ahead of the 2018 governorship election in Ekiti State, an aspirant, Mr. Yinka Akerele, yesterday advised members and leaders of the opposition party in the state, the All Progressives Congress (APC), to close ranks and ensure the party’s victory at the poll. According to him, the mission of taking over power from those he described as usurpers must dwarf other tendencies among the party members. He added that they needed to remain united until APC records success democratically. He spoke when he visited the party’s secretariat where he officially notified…

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Karamajiji: A forgotten beggars’ colony

Some years ago, the then Minister of the Federal Capital Territory Administration (FCTA), Nasir el-Rufai considered beggars a nuisance on the streets of Abuja and decided to forcefully evacuate them to a “special location”. The idea was to give Abuja, the Capital City, a facelift. However, many years after, the vision appears to have been derailed. CALEB ONWE reports     Karamajiji, a sprawling ghetto is home to both Gwari aborigines and other tribes, especially, low income earners. It is hidden right behind the National Military Cemetery, a few metres…

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Zenith B’ball League: First Bank, Dolphins win again as 1st phase ends

The first phase of the National Women’s Basketball League sponsored by Zenith Bank ended on Monday in Abuja with favorites First Bank and Dolphins maintaining winning streak. A total of 18 teams from various parts of the country took part in the competition which started on April 10 at the Package B Sports Hall of the National Stadium in Abuja. However, three top contenders maintained an unbeaten run so far in the league series which is expected to continue in Kaduna from May 1. First Bank, Dolphins and Customs after…

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Oshonaike hails Oribamishe for YOG ticket

African table tennis queen Funke Oshonaike has hailed youngster Esther Oribamishe who won the African Continental Qualification tournament and booked a ticket to 2018 Youth Olympic Games. Despite missing out on participation at the 2017 ITTF African Junior and Cadet Championships, Oribamise was in terrific form at the continental qualification event as she beats Egypt’s Marwa Alhodaby in the final in Tunisia on Monday. Victory over Morocco’s Ines Outolla in the last four (11-4, 11-9, 11-7, 11-1) guaranteed a top two finish and the Olympic qualification in the Girls’ Singles…

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Furore over WAEC’s new examination diet

DISAGREEMENT Less than one week that the West African Examinations Council (WAEC) unfolded plans to introduce a new diet for external candidates, key stakeholders have faulted the move, kicking that it would not see the light of the day   While Nigerian students and their parents are yet to recover from the confusion generated by this year’s Unified Tertiary Matriculation Examination (UTME) registration, the West African Examinations Council (WAEC), last week, introduced a new diet in its examinations, which has continued to generate debate among stakeholders. With the new diet,…

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