HIGHLIGHTS
- MTN bows to pressure, agrees to pay N1.04trn fine
- MTN had no discussion with VP on N1.04 trillion fine – Presidency
- No BVN, no withdrawals – CBN says as Nigerians abroad get extension
- Obama, wife say Nigeria will be better if we work together
- Don’t support immunity for Senate – Amnesty International tells Buhari
- Jigawa to checkmate workers’ late-coming with bio-metrics
- Negative trading continues at the Nigerian Stock Exchange
- Foreign portfolio investors’ withdraw N40.07bn from stock market in Sept.
- FIFA U-17 World Cup: Brazil coach laments loss to Eaglets
- No Nigerian made the cut as CAF names final 10 for African Player of the Year
While pleading for staggered payment model, MTN has finally bowed to pressure as it has accepted to pay the N1.04 trillion fine slammed on it last week by the telecoms regulatory authority, the Nigerian Communications Commission (NCC).
Accordingly, the telecoms operator was fine for violating its directive on SIM deactivation.
This follows series of meeting held between MTN management team from South Africa and Nigeria with the Vice President, Prof. Yemi Osinbajo.
The telecoms operator which has largest subscriber base in Nigeria, it was gathered, may have agreed to pay the fine to sustain the interest of its telecoms business.
Industry sources who confirmed the new arrangement, disclosed that the federal government is already yielding to the plea, which according to him, was part of the agreement reached at the series of meeting held at the weekend in Nigeria.
“There have been series of meeting at the Presidency between the Vice President Osinbajo and MTN team both from South Africa and the Nigerian arm. MTN wanted a waiver considering their level of investments in the country, but government did not buy the idea of waiver. Instead, I think there will be concession, but certainly not a waiver. At the conclusion of the meeting, the MTN people negotiated on how to stagger the payment. The Presidency is even angry because MTN was a signatory to the regulation, but they are failing to comply with rules.”, the source added.
It would be recalled that NCC had said that MTN would not escape the fine, owing to the enormity of its implication to national security.
Although NCC had hinted that the issue is being handled by the federal government, the telecoms authority also noted that MTN would risk withdrawal of its licence if its fails to comply with the fine.
Read the rest: VANGUARD
MTN had no discussion with VP on N1.04 trillion fine – Presidency
LAGOS—Vanguard, Monday, published a story that there was a meeting between MTN Group and the Vice President, Professor Yemi Osinbajo, over the N1.04 trillion fine imposed on MTN by the Nigerian Communications Commission, NCC.
Vanguard has since discovered that there was no such meeting, official or private between the MTN team and the Vice President over the fine imposed on the telecom company.
The report in Vanguard had said that there were series of meetings between MTN management team from South Africa and Nigeria with the presidency at the weekend.
The report had further said that MTN has finally bowed to pressure as it has accepted to pay the N1.04 trillion fine slammed on it last week by the telecoms regulatory authority, the NCC.
The report read in part: “There have been series of meetings at the Presidency between Vice President Osinbajo and the MTN team both from South Africa and the Nigerian arm. MTN wanted a waiver considering their level of investments in the country, but government did not buy the idea of waiver.
Read the rest: VANGUARD
No BVN, no withdrawals – CBN says as Nigerians abroad get extension
In a statement made by its Director, Corporate Communications, Alh Ibrahim Mu’azu, the apex bank explained that the extension was to enable the customers in the Diaspora complete the enrollment exercise as well as link the BVN with their respective accounts.
While emphasising that the extension was only for customers in the Diaspora, the statement advised Deposit Money Banks to ensure that the exemption was utilized by the targeted group.
The statement reads in part, “The CBN has also expressed satisfaction with the progress made in the implementation of the BVN project, especially for accounts operated by residents of Nigeria.
“However, with the expiration of the October 31 enrollment deadline, the CBN has directed that bank accounts of Nigeria residents without the BVN would henceforth be operated as ‘No customer initiated debit’ account, until the account holders obtain and attach BVNs to the accounts.
“This means that a customer may not be allowed to withdraw money from his or her account until the BVN has been acquired and linked to the account.”
Read the rest: DAILY POST
Obama, wife say Nigeria will be better if we work together
ABUJA- PRESIDENT Barrack Obama of the United States of America, USA has said that if all hands are on deck and Nigerians work together in unison, Nigeria as a country and other nations would be better tomorrow.
President Obama disclosed this in a letter he wrote to former National Chairman of the Peoples Democratic Party, Alhaji Bamanga Tukur who recently marked his 80th birthday.
President Barrack Obama hailed the Elder Statesman, Ambassador Tukur for his commitment to the improvement of the standard of living of Nigerians in particular and Africans at-large.
In the congratulatory letter which he personally signed with his wife, Michelle, they thanked the former PDP National Chairman for joining hands with his fellow compatriots to make the world a better place to live in for generations.
President Obama said, “your generation has witnessed what our Nations can achieve when we join together in pursuit of a brighter tomorrow.
“We trust you take pride in all you have accomplished and in the ways you have touched the lives of those around you”.
Read the rest: VANGUARD
Don’t support immunity for Senate – Amnesty International tells Buhari
Dr Kolawole Olaniyan, Legal Adviser at Amnesty International, London, has charged President Muhammadu Buhari not to back plan by the National Assembly to create immunity clause in the constitution.
In a statement on Monday, Olaniyan, said immunity from prosecution was not part of their promises to the electorate when they were seeking their mandate.
Olaniyan noted that “extending constitutional immunity to these powerful officials is the only way to counter what they see as ‘the constant external influence and manipulations in the choice of presiding officers of the National Assembly’.
“The immunity initiative looks like a revenge job, and one for self-aggrandisement. This is undoubtedly a low period in public esteem for our lawmakers.”
Admitting that the Constitution recognizes the role of the National Assembly to make laws for the peace, order and good governance of the Federation, AI said “the members of the 8th National Assembly should worry less about their own interest and more about the citizens who are the real victims of corruption.”
Read the rest: DAILY POST
Jigawa to checkmate workers’ late-coming with bio-metrics
DUTSE- Governor Muhammad Badaru of Jigawa State has announced his administration’s plan to introduce bio-metric data capturing to checkmate late coming among state workers.
This, according to Governor Badaru is part of efforts to enhance productivity and factuality.
Speaking shortly after the swearing in of new state Head of Civil Service, Alh. Muhammad Inuwa Tahir at government house Dutse, Governor Badaru said his administration will not condone late coming and laziness among state workers, saying salaries of workers in Jigawa are being paid as at when due, as such “you don’t have the right to abscond your place of work, you are earners not takers,” he emphasized.
The Governor enjoyed the new head of civil service to introduce new program and policies that will enhance productivity and man power development in the civil service sector, adding that the existing structures established by the previous government should be maintained such as the manpower development institute where training and seminars for workers is been conducted.
The new head of service, Muhammad Tahir said the service will remain focus and resolute, assuring the state government of his commitment to continue from where his predecessor stopped.
Read the rest: VANGUARD
Transactions at the Nigerian Stock Exchange (NSE) resumed for the week on Monday on a negative trend with the market indices dropping by 0.18 per cent.
The All-Share lost 53.69 points or 0.18 per cent to close at 29,136.85 against 29,190.54 posted on Friday.
Also, the market capitalisation which opened at N10.032 trillion shed N19 billion or 0.19 per cent to close at N10.013 trillion.
Nestle topped the laggards’ table, dropping by N4.01 to close at N821 per share.
It was trailed by Unilever with N1.93 to close at N36.75, while UACN lost N1.32 to close at N25.16 per share.
Guinness dipped N1.25 to close at N123.75 and Dangote Cement lost N1.03 to close at N162 per share.
Conversely, PZ Industries led the gainers’ table with a gain of 99k to close at N24. 99 per share.
Flour Mill gained 89k to close at N22.05, while GT Bank garnered 51k to close at N23.60 per share.
Berger Paint improved by 33k to close at N10.10 and Zenith 30k N17. 90 per share.
NAN reports that UBA emerged the post traded stock, exchanging 116.82 million shares worth N408.74 million.
Zenith Bank sold 63.47 million shares valued N1.12 billion, while FBN Holdings traded 31.96 million shares worth N160.89 million.
Read the rest: VANGUARD
Lagos – The Nigerian Stock Exchange (NSE), said that foreign investors withdrew the sum of N40.07 billion from the equities market in the month of September.
This is contained in a domestic and foreign portfolio participation in equity trading for September 2015 posted on NSE web site on Monday.
The report stated that total foreign outflow for September stood at N40.07 billion, compared to N48.07 billion recorded in August.
The exchange stated that total foreign in flow during the review period stood at N29.26 billion as against N33.06 billion in August.
It added that foreign portfolio investment transactions at the nation’s bourse in September reduced to N69.33 billion from N81.13 billion in August, recording a decrease of 14.54 per cent.
According to the report, total domestic transactions stood at N60.59 billion in contrast with N64.56 billion in August.
It added that total transactions in September dropped to N129.92 billion as against N145.69 billion achieved in the preceding month.
The statistics showed that foreign portfolio investors’ inflows accounted for 22.52 per cent of total transactions.
It stated that foreign portfolio investors’ out flows accounted for 30.84 per cent of the total transactions in September.
Read the rest: VANGUARD
FIFA U-17 World Cup: Brazil coach laments loss to Eaglets
Head coach of Brazil’s U-17 side, Carlos Amadeu, has said he is not happy with how his boys were dumped out of the FIFA U-17 World Cup by Nigeria.
The Golden Eaglets recorded a resounding 3-0 win over Brazil in their quarter-final encounter on Sunday night.
Emmanuel Amuneke’s boys withstood early pressure from their South American counterparts, before effectively putting the game to bed with three goals in five minutes before the break.
Victor Osimhen headed in the first, Michael Dogo Kingsley volleyed in the second, while Udochukwu Anumudu’s powerful shot evaded the Brazilian keeper.
“We knew it was important for us to make the most of our opportunities, especially if we dominated the game at some point, but we didn’t,” Amadeu said.
“Their goals were scored in only five minutes because of specific chances, not because we were not balanced.
“We would like to have put Nigeria behind on the scoreboard, but we failed to score. For these kids, everything that has happened here is part of their learning process.”
Read the rest: DAILY POST
No Nigerian made the cut as CAF names final 10 for African Player of the Year
No Nigerian will win the African Player of the Year 2015 as Nigeria’s Vincent Enyeama and Ahmed Musa have been excluded from the final 10 nominees that The Confederation of African Football (CAF) unveiled.
Current holder Yaya Toure is in the running again along with Andre Ayew, Pierre Emerick-Aubameyang, Yacine Brahimi and Saido Mane.
Coaches and Technical Directors of the National Associations affiliated to CAF, will vote for the winners.
The awards gala will be held January 7, 2016 in Abuja, Nigeria.
African Player of the Year
- André Ayew (Ghana & Swansea)
- Aymen Abdennour (Tunisia & Valencia)
- Mudather Eltaib Ibrahim ‘Karika’ (Sudan & El Hilal)
- Mohamed Salah (Egypt & Roma)
- Pierre-Emerick Aubameyang (Gabon & Borussia Dortmund)
- Sadio Mané (Senegal & Southampton)
- Serge Aurier (Cote d’Ivoire & Paris Saint Germain)
- Sofiane Feghouli (Algeria & Valencia)
- Yacine Brahimi ( Algeria & Porto)
- Yaya Touré (Cote d’Ivoire & Manchester City)
- African Player of the – Year Based in Africa
- Abdeladim Khadrouf (Morocco & Moghreb Tetouan)
- Baghdad Bounedjah ( Algeria & Etoile du Sahel)
- Felipe Ovono (Equatorial Guinea & Orlando Pirates)
- Kermit Erasmus (South Africa & Orlando Pirates)
- Mbwana Aly Samatta (Tanzania & TP Mazembe)
- Mohamed Meftah ( Algeria & USM Alger)
- Mudather Eltaib Ibrahim ‘Karika’ (Sudan & El Hilal)
- Robert Kidiaba Muteba ( DR Congo & TP Mazembe)
- Roger Assalé (Cote d’Ivoire & TP Mazembe)
- Zineddine Ferhat (Algeria & USM Alger)
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