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    Former Plateau Senator dies at 72
    By Thompson Yamput

    Former Senator Sati Gogwim of Plateau died on Tuesday after a protracted illness, a family source has said.

    Mr Williams Gogwim, a younger brother of the deceased disclosed this when he spoke with the News Agency of Nigeria (NAN) in Pankshin on Wednesday.

    My brother has been sick since last year and in December he left the country for treatment abroad and only returned on Sunday, April 4.

    He came back a little bit stronger, until this morning when he had health crisis, which compelled us to rush him to Rayfield Medical Centre.

    Unfortunately on getting there he was confirmed dead, he said.

    Williams said the family had taken his death in good faith, adding that as true Christians, they believed God called him home.

    We are going to miss him, his love and warm as a brother, father, uncle and supporter, he said.

    Williams said that the family was shocked over his demise and would discuss the funeral soon.

    Gogwim was elected as senator representing Plateau Central in 2007 and spent four years at the National Assembly before loosing to Sen. Joshua Dariye in 2011.

    Gogwim hailed from Dawaki village in Kanke Local Government Area (LGA) of Plateau.

    He retired as a Major in the Nigerian Army before joiningpolitics and became a senator in 2007. (NAN)

    Source: NAN News

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    Germany threatened by skilled labour shortage- Report
    Germany is facing an increasing shortage of skilled workers in the coming decades, according to a study by the German Economic Institute (IW) published on Wednesday.

    If the retirement age stays the same and there is no increase in targeted immigration, German businesses could lose one in eight skilled employees without counting the effects of the coronavirus pandemic, according to the IW.

    The study looked at what will happen to the German labour market once the baby boomer generation retires.

    If retirement rules dont change and immigration is low the worst-case scenario 4.2 million skilled workers, or 12 per cent, will exit the workforce by 2040, the IW found.

    According to the more likely middle scenario, the number of skilled workers will decline by 3.1 million, or 8.8 per cent, it found.

    However, if immigration rules are adjusted and the retirement age pushed back, the number of skilled workers between ages 20 and 69 could be kept almost stable in the coming years, the study said.

    Nonetheless, the German economy should prepare for structural change as more and more people chose an academic education over professional training.

    This will result in a different composition of the skilled workforce in the future, the IW researchers said.(dpa/NAN)

    Source: NAN News

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    Press Council condemns reports on South-East attacks

    By Rotimi Ijikanmi

    The Nigeria Press Council has condemned certain media publications on the recent attacks and killings in some states in the South-East region .

    The Executive Secretary of the Council, Mr Francis Nwosu said the publications are unprofessional, sensational and capable of escalating the attacks and igniting reprisal killings.

    Speaking with the News Agency of Nigeria (NAN) on Wednesday in Abuja, Nwosu admonished media houses and practitioners to abide by the Code of Ethics for Nigerian Journalists.

    He urged journalists to eschew reports that can infringe on the unity and corporate existence of Nigeria.

    The Executive Secretary specifically deplored the front page report in the Daily Trust Newspaper publication of April 5 , stressing that the headline and the story are sensational, inciting and unprofessional.

    The attention of the Nigeria Press Council has been drawn to the front page publication of the Daily Trust Newspaper on Monday April 5, 2021.

    The story and its headline is not only inciting but also sensational.

    This kind of report will not only lead to escalating attacks but also ignite reprisal killings in parts of the country, he said.

    Nwosu said the story negates the provision of Section 11 of the Code of Ethics for Nigerian Journalists as approved by the Nigerian Press Organisation which states: A journalist should strive to enhance national unity and public good

    He said the publication is also in violation of section 12 of the code which is on social responsibility of the journalists to their community.

    It is on the basis of these two provisions of the Code that the Nigeria Press Council holds as a mandate to address this fundamental problem that is emerging in our society.

    As journalists, we must uphold national unity first and any report that infringes on the unity and corporate existence of Nigeria, we must avoid it even it means that we have to play down on the stories.

    Whether in the print and electronic media, private or government media the ethics of the profession must be adhered to regarding the unity, and indivisibility of Nigeria

    Any report that gives the impression that one ethnic group is being profiled is absolutely unacceptable and that is where we stand, he said.

    Nwosu said it was unfortunate that the council had received several reports on ethnic profiling which were not in the interest of the country

    He, therefore, enjoined media practitioners to respect the unity and diversity of the country while appealing to their sensibilities not to draw one ethnic group against the other. (NAN)

    Source: NAN News

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    Niger appoints new Emir of Kagara
    By Rita Iliya
    Gov. Abubakar Bello has announced the appointment of Alhaji Ahmad Gunna, the Acting Chairman of the Niger State Revenue Board, as the new Emir of Kagara.

    The appointment is announced in a statement by Bellos Chief Press Secretary, Mrs Mary Noel-Berje, in Minna on Wednesday.

    Bello congratulated Gunna, who is also the Dan Majen Kagara.

    The News Agency of Nigeria (NAN) reports the appointment of the new Emir followed the death of the former Emir, Alhaji Salihu Kagara, on March 1, after a protracted illness in Minna, the state capital after 39 years on the throne.

    Bello described the appointment as well-deserved, adding that his nomination by the kingmakers stands him out as the one with the royal pedigree to stir the emirate to greatness.

    He expressed the believe that, as a reputable professional and public servant, the new emir has the capacity to build on the legacies of his predecessors by upholding the sanctity of the traditional institution.

    Bello told the new emir that he was ascending the throne at a critical period of insecurity in his domain and urged him to use his wealth of experience by collaborating with relevant stakeholders to bring enduring peace to the area.

    He called on the people of Kagara emirate to support the new emir to bring harmony and peaceful coexistence towards the socioeconomic development of the area in particular and the state in general.

    Gunna scored the highest number of votes in the recently concluded election by the electoral college of the Kagara emirate and subsequently declared winner.

    Source: NAN News

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    EU regulator to present findings on AstraZeneca, blood clots links
    The European Medicines Agency (EMA) will present its conclusions on a potential link between blood clots and AstraZenecas COVID-19 vaccine later on Wednesday.

    The agency started investigating a potential link after reports of blood clots emerged in several countries, with some researchers having found young women to be at particular risk of thrombosis, a potentially dangerous condition in which blood clots can obstruct blood flow after receiving the jab.

    Several countries across the bloc suspended the use of AstraZeneca in mid-March, but took it up again after the EMA indicated the vaccine was still safe for use after an initial review of the relevant data.

    However, Germany then once shelved AstraZeneca in late March, restricting the use to people older than 60 years amid persistent safety concerns.

    Frances highest health authority also recommends the vaccination with AstraZeneca only for people over 55 years.

    Marco Cavaleri, the head of the EMAs vaccination department, told Italian newspaper Il Messaggero in an interview published on Tuesday that, according to his own assessment, there was a connection between incidents of blood clots in the brain and the AstraZeneca vaccinations that had not yet been determined more precisely.

    The EU health ministers will convene in a videoconference to discuss the EMAs findings in the evening. (dpa/NAN)

    Source: NAN News

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    AMAC Chairman inaugurates health centre, roads in Pyakasa, Gbessa
    By Ruth Oketunde

    Mr Abdullahi Candido, Chairman, Abuja Municipal Area Council (AMAC) on Wednesday inaugurated the rehabilitated 750-meter Asphalt access roads in Pyakasa, a community in Kabusa ward of the area council.

    The News Agency of Nigeria (NAN) reports that other projects inaugurated include a primary health care centre in Gbessa and Kaba communities both in Gui and Gwagwa ward respectively.

    Other projects inaugurated are a 480-meter road with drainages at Toge community and renovated Jiwa Chief palace, among other projects.

    Candido, while inaugurating the projects explained that the projects were part of his promises of fulfilling his democratic mandates to residents of the area council.

    He said that the rehabilitated roads would ease interconnectivity with other villages and boost business activities in the area council.

    The chairman, however, charged the residents of the communities to protect the infrastructures and ensure that the essence of bringing such infrastructures to their communities was not defeated.

    Mr Gaza Andrew, the Director of Works, AMAC, said that the inaugurated roads had several culverts at every junction to make the roads durable and stand the test of time.

    The Chief of Pyakasa community, Mr Bako Josiah, appreciated the chairman of the area council for the developmental projects.

    He however assured of his communitys readiness to maintain the projects for the benefits of its residents. (NAN)

    Source: NAN News

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    NDE tasks youths on employment

    Source: NAN News

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    COVID-19: Why states were directed to halt vaccination halfway  FG
    By Abujah Racheal

    The Federal Government has explained why it asked all states administering the COVID-19 vaccine to stop the exercise the moment they used half of the doses allocated to them.

    Minister of State for Health, Sen. Olorunnimbe Mamora, gave the explanation at Tuesdays media briefing of the Presidential Task Force (PTF) on COVID-19, in Abuja,.

    Mamora explained that the directive became necessary since the country was not sure when next the second batch of the AstraZeneca vaccine would arrive the country.

    He said that it was also to enable those who had received their first jab to be able to complete their vaccination.

    According to him, it is true, the directive to states to vaccinate half of the doses deployed.

    We believe that in a situation where we still cannot specifically determine when the next batch of AstraZeneca vaccine will arrive, then I think wisdom on dictates that its better for us to vaccinate people fully.

    And so, we can say that we have a pool of citizens that have been fully vaccinated, since this vaccination comes in two doses.

    So thats what gave rise to that directive, rather than just going ahead with just single dose when the full dose should be two doses of the same.

    So we felt that it was proper for us in the circumstance to ensure that those who have been vaccinated have been fully vaccinated, he said.

    Meanwhile, the Director General of the Nigeria Center for Disease Control (NCDC), Dr Chikwe Ihekweazu, assured that the agency was investigating the reported blood clotting in some individuals that had taken the first jab of AstraZeneca vaccine.

    Ihekweazu said: Theres been ongoing investigations that we have all been following on the suspected link that the AstraZeneca vaccines to certain rear experience of blood clotting in individuals in Europe.

    Those investigations are still ongoing. Not all European countries are adopting the vaccines for their populations.

    In Nigeria, with every vaccine, we have a parallel system to measure and to monitor any side effects.

    That is ongoing and is being managed by the National Agency for Food Drugs Administration and Control (NAFDAC) in collaboration with National Primary Health Care Development Agency (NPHCDA).

    We will continue to monitor patients in Nigeria. You know, every demographic is different, the demographic in taking vaccines in every country is different, the interaction between different drugs people are taking.

    So there are many circumstances that need to be fully evaluated, we will look at the data ourselves here in Nigeria and I will take action as needed.

    So I think for now, we can be sure that we have an effective vaccination programme going on. And were very responsive to the concerns of Nigerians, I will respond to them as appropriate.

    Also, the NPHCDA Chief Executive Officer, Dr. Faisal Shuaib, clarified that the AstraZeneca vaccines and Johnson and Johnson vaccine could not be taken by the same individual.

    Shuaib was responding to a question on if Johnson and Johnson vaccine can be taken in a case where the second dose of AstraZeneca vaccine was not available.

    He said: I mean, that is not right. You cannot take the AstraZeneca on your left and Johnson and Johnson on the right. So it has to be both doses of AstraZeneca and a single shot of the Johnson and Johnson.

    On the reported side effects of the AstraZeneca, he said: I think we have said on multiple occasions here, that there are side effects of these vaccines, side effects of vaccines are not unique to the COVID-19 vaccine.

    So one thing that we continue to tell vaccinators is that even before people take the vaccines, they should be educated on the potential side effects.

    Meanwhile, Mr Boss Mustapha, the Chairman of PTF on COVID-19 and Secretary to the Government of the Federation, said civil servants on Grade Level 12 and below would continue to work from home.

    He said it was because there were certain red flags that needed to be interrogated further.

    The SGF said the PTF would inform the Head of the Civil Service of the Federation, as to when it would be appropriate for them to return.

    (NAN)

    Source: NAN News

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    Women deserve more from sports  NOC
    By Oluwaseun Nubi

    Olabanji Oladapo, Secretary-General of Nigeria Olympic Committee (NOC), says women have not been given their deserved dues in spite of their contributions to the countrys sports development.

    Oladapo spoke on Tuesday in Lagos at an event to mark the United International Sports Days Sports Development for Peace, organised by the NOC.

    He said both the International Olympic Committee (IOC) and United Nations (UN) had decided to use Tuesday to celebrate all sports women and men across the world .

    IOC and UN have long been committed in using sports as a tool to promote peace and eradicate cultural barriers.

    If you look at women contributing to sports, I will say women have not really been given their dues.

    This event was possible today because the women had dillgently worked to make it possible.

    This development today symbolises a way of promoting and encouraging peace in the sports world in our society, the NOC Secretary-General said.

    He then contended that women at the ongoing 20th National Sports Festival in Edo would earn more medals than the men.

    Women participation in sports activities over the years really speaks volume.

    I am convinced that at Edo 2020, I believe we will have women winning more medals than the men.

    In the past five years, women participation in sports has grown tremendously, Oladapo said.

    He said the NOC would soon make some of the women part of its committee in due time.

    Speaking also, Tayo Popoola, the Convener of Women Support for International Day for Sports for Development for Peace, said women needed to be empowered and encouraged more in sports activities.

    However, women are doing more in sports events than the men.

    She added that women all across the country should be given more opportunities like the men.

    As a woman, I feel we are trying and Nigeria as a country is also trying. But I feel we can do better .

    If it comes to sports, the people that are making the country proud are actually women.

    If you count the number of gold medals Nigeria have won, majority of the medals are from women.

    The country can do better by encouraging women. It can also empower women by engaging them in more sports activities.

    This will help reduce the number of crime in the society. I believe if we do this there will be peace, Popoola said.

    Chioma Ajunwa, an Olympic gold medalist, added that government needs to do more to promote sports in the country.

    Sports in Nigeria, however, lacks the peace it needs to grow.

    Ajunwa added that politics needed to be taken away from the sports federations to pave way for peace in different federations.

    The essence of this is to advocate for peace in all federations.

    Sports brings so much value to the athletes by giving them hope of getting to limelight.

    We have allowed politics to take away the peace of the sports world, she said. (NAN)

    Source: NAN News

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    NSF: Edo-based journalists battle for accreditation
    By Igbaugba Ehigimetor

    Few hours to the opening ceremony of the 20th National Sports Festival (NSF) in Benin, Edo-based journalists were yet to be accredited, the News Agency of Nigeria (NAN) reports.

    NAN reports that the journalists had since a fortnight ago filled the accreditation forms as part of the processes for accreditation.

    However, while journalists from outside the state who went through the same process were duly accredited on Monday evening, those practising in the state were not accredited.

    NAN reports that several Benin-based journalists waited endlessly into the night on Monday with the hope of getting their accreditation tags, but were unable to.

    Already, the festivals organisers have insisted that nobody, including journalists, would be allowed into the Stadium and other games venues without accreditation.

    Musa Ebomhiana, a Project Manager in the Media and Communication Sub-Committee for the festivals Local Organising Committee (LOC), has however assured that journalists in Edo would be accredited.

    No journalist will be denied accreditation or entrance into the venue, he said.(NAN)

    Source: NAN News

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    20th NSF opens with display of Edo culture
    By Igbaugba Ehigimetor

    The opening ceremony of the 20th National Sports Festival (NSF) on Tuesday evening in Benin was a spectacle to behold, the News Agency of Nigeria (NAN) reports.

    It was a display of the rich culture and traditions of Edo, adorned with the colour and glamour Edo has always been known for.

    The ceremony which took place at the remodelled Samuel Ogbemudia Stadium was witnessed by several personalities.

    These included Gov. Ifeanyi Okowa of Delta, Minister of Youth and Sports Development, Sunday Dare, as well as the Minister of Health, Osagie Ehanire.

    The guests list also included the Senators representing the states three senatorial districts.

    They were entertained by cultural troupes from Benin and musical stars such as Timi Dakolo and Fireboy.

    NAN reports that a display of fireworks, which lasted for
    close to five minutes, heralded the official opening of the festival whose activities had actually commenced since Sunday.

    Earlier on Tuesday, the states Deputy Governor, Philip Shaibu, had welcomed athletes and their officials to the home of culture and the traditional ground for sports in the country.

    Shaibu who is the Local Organising Committee (LOC) chairman for the festival had said the festival was an indication that sports was back home.

    Edo is home of culture. There are only two kingdoms in the world, United Kingdom and Benin Kingdom.

    Please enjoy the hospitality of the people and have a joyous stay in Edo.

    President Muhammadu Buhari was represented at the ceremony by the Minister of Youth and Sports Development, Sunday Dare.

    While speaking, Dare said sports has become business with the benefits of job-creation and Nigerian youths needed to take full advantage of this.

    The festivals oath by athletes and participating officials was taken by Henry Aghomoh of the Karate Federation of Nigeria and Mohammed Bashir of Cycling Federation respectively.

    The 20th NSF, which had suffered several postponements due to the COVID-19 pandemic, will be officially closed on April 14. (NAN)

    Source: NAN News

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    Management of Osun United FC suspends teams coaches
    By Olajide Idowu

    The management of Osun United Football Club of Osogbo on Tuesday suspended the teams Head Coach, Bright Omokaro, and two of his assistants, Bayo Adesina and Wole Animasahun.

    Theclubs Media Officer, Tajudeen Amodu, disclosed that the decision was taken after an emergency meeting of the clubs management in Osogbo.

    Amodu said the meeting was held following the clubs poor performances in the ongoing 2020/2021 Nigeria National League (NNL) where the team have lost four matches in a row.

    He said the teams assistant coach, Waheed Olapade, and goalkeepers trainer Moruf Olasupo were to take charge of the team in an interim capacity with immediate effect.

    Similarly, the Media Officer said a player, Olusola Akilapa, has also been suspended due to gross indiscipline.

    This decision by the club management takes immediate effect, until a general review of performances during the mid-season break, Amodu said. (NAN)

    Source: NAN News

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    Plant nutrient deficiencies: AGRA identifies balanced fertiliser blends
    By Felicia Imohimi

    The Alliance for a Green Revolution in Africa (AGRA) says it has commenced a-three-year identification of balanced fertiliser blends in Nigeria to augment for nutrients deficiency in the soil.

    Prof. Victor Chude, AGRA Fertiliser Systems Project Coordinator, disclosed this in a statement made available to the News Agency of Nigeria (NAN) in Abuja.

    AGRA is a farmer-centered, African-led and partnerships-driven institution that is transforming Africas smallholder farming from a solitary struggle to survive to businesses that thrive.

    It deals with improving agricultural products and supporting local farm owners and labour.

    Chude added that the intervention will remedy the current practice of using generic fertiliser blends and blankets application rates across the country.

    He said the project, which is being piloted in two states of Niger and Kaduna, is aimed at strengthening fertiliser systems partnership for the production of balanced fertiliser blends in the country.

    He emphasised that the use of balanced fertiliser blend is required to augment for nutrient deficiencies in soils, adding that facilitating the sustainable maximisation of the genetic potentials of crops has been proven by a good number of studies.

    The coordinator explained that the primary objective of the intervention is to catalyse the production and use of appropriate crop and soil specific fertiliser blends to enhance maize, rice and soybean production in the pilot states.

    Based on success recorded in the two piloted states, extend to other states across the country.

    One of the common agricultural practices in Nigeria is the use of generic fertiliser blends to address issues of soil fertility.

    This practice across various regions is often without investigations to determine unique challenges common to that region ultimately negates the specificity of soil nutrient requirements.

    It also undermines the benefits of secondary and micro-nutrients required for crop growth and the production of highly nutritious food.

    To say the least, inappropriate formulation and often-misguided use of organic/mineral fertilisers is a setback to the achievement of food and nutrition security in Nigeria and many other African countries.

    Although East African countries like Kenya (with support from AGRA) and Zambia are fast promoting the adoption of balanced fertilisers, he said.

    Chude explained that the methodology involves soil testing, on-field evaluation trials, use of visual ranking and technical yield evaluations to assess the performance of the fertiliser blends on maize, rice and soybean commodity value-chains at designated locations.

    The coordinator, who described the benefits as numerous, says they include an increase in productivity which is expected to drive demand for these blends.

    According to him, blanket fertilisation of soils should be passionately discouraged at all levels nationwide.

    The results of initial field trials show that crop/site specific fertiliser blends can improve productivity of crops by at least 25 to 40 per cent while improving their nutrient content.

    This translates to economically efficient parameters with a multiplier effect, as it would increase income for affected stakeholders including fertiliser blending plants, agro-input distributors and farmers.

    It will as well as possibly encourage more investors into the agricultural sector thereby stimulating economic growth. This is a great stride towards improving the business of agriculture in Nigeria, he stressed.

    The coordinator further stated that for the trials, three crops and soil specific formulations were adopted for the focus commodity value-chains.

    These formulations, according to him, are a blend of NPK with appropriate mixes of secondary and micronutrients such as Sulphur, Boron, Zinc and Calcium as required.

    Since 2019, approximately 1,500 demonstration plots have been established for trials, while an approximately 2,500 farmers and 40 fertiliser producing companies have been actively engaged in realising the goal of the project.

    One of the next steps will be to acquire optimal land area required to optimize the yield effects on individual crop enterprises and aggregate them into nutrient requirements for statewide application in standard formulations.

    This is targeted at the policy instruments of relevant government agencies to promote the use of appropriate fertiliser blends for production of different crops.

    In addition, fertiliser blenders would be encouraged to invest in and produce more of balanced fertiliser blends, he said. (NAN)

    Source: NAN News

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    Pa Fasoranti backs Tinubus 2023 presidential ambition
    By Segun Giwa

    An Elder Statesman and former Leader of a socio-political group, Afenifere, Pa Reuben Fasoranti, has expressed support for the presidential ambition of the APC National Leader, Sen. Bola Tinubu.

    Fasoranti stated this while receiving members of the South West Agenda for Asiwaju Bola Ahmed Tinubu (SWAGA 23), who paid him a courtesy visit in his country home in Akure.

    Tinubu has all it takes to rule Nigeria. Considering his activities and track record, he deserves to be President, come 2023.

    May his prayers be answered. When he gets there, he will do all we want, he said.

    According to the Afenifere leader, with Tinubu as president, all the prayers of Afenifere for Nigeria will be answered, particularly on the issue of restructuring and federalism.

    Earlier, Prince Dayo Adeyeye the Chairman and Coordinator of SWAGA, said Yoruba must unite and speak with one voice, ahead of 2023 presidential race.

    He urged the Yoruba not to divide its house ahead of the presidential election.

    The former minister for works said that more than 50 traditional rulers across the six states of the South-West geopolitical zone had been visited for their royal blessings.

    He added that presidency would be zoned to the South in 2023, which could be any zone, hence the need to quickly start the movement for Yoruba to unite.

    Tinubu has all it takes to rule the country, being a detribalised Nigerian who loves the masses and is blessed with enormous wisdom, he said.

    Adeyeye however, stated that the team was not sent by Tinubu, but that it decided to take up the role, having found the former Lagos governor worthy because of his leadership quality. (NAN)

    Source: NAN News

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    Dangote Cement inaugurates drivers training centre
    By Ismail Abdulaziz
    As part of its measures to curb Road Traffic Crashes, the Dangote Cement Plc has inaugurated a Drivers Training Centre at the Dangote Cement Plant (DCP), Obajana, Kogi State.

    The new Centre is charged with the responsibility of attending to all training needs of the Dangote Cement drivers.

    The new centre has convocated its first graduates of 50 Trainee Drivers.

    At the event, Mr Harisson Pepple, Head of the Dangote Drivers Training Centre, said that the training was in line with the companys Zero Tolerance Policy for auto crashes.

    Pepple said that the Trainee Drivers were drawn from the existing Motor Boys, adding that the training period was six months.

    He expressed optimism that the days of crashes involving Dangote trucks are numbered.

    The Trainee Drivers Programme is all encompassing. The first twelve weeks is theoretical. Then there is three months attachment, he said.

    He said that the idea for the new cntre was conceived in June 2020 with the aim of training, retraining and constantly engaging the companys drivers.

    He said that the company was engaging another set of qualified drivers with Class G licenses, stressing that the centre was collaborating with the Federal Road Safety Corps in these activities.

    He added that the Trainee Drivers were also taught Defensive Driving Techniques, which involved driving to save lives, time and property.

    The Dangote Group has been taking stringent measures to minimise auto crashes, and the new training centre is a continuation of this innovative efforts.

    Some of the efforts by the company to curb crashes include: The recertification of drivers, pre-trip and post-trip inspections, drug test, Onboard Camera and tracking of vehicles.

    Others efforts are Root Cause Analysis, engaging behavioural psychologists and clerics, convoy movement as well as checkpoint policy and sanctions.(NAN)
    PR:

    Source: NAN News

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    NSE resumes Easter holidays with N78bn loss
    By Chinyere Joel-Nwokeoma

    The Nigerian stock market resumed after the Easter public holidays on Tuesday with a loss of 0.39 per cent due to persistent bearish trend.

    Specifically, the All-Share Index lost 150.13 points or 0.39 per cent to close 38,766.61 compared with 38,916.74 achieved on Thursday.

    Also, the market capitalisation lost N78 billion to close at N20.283 trillion from N20.361 trillion achieved on Thursday.

    The market loss was driven by price depreciation in large and medium capitalised stocks, amongst which are Guinness Nigeria, MRS Oil Nigeria, Guaranty Trust Bank, BUA Cement and Aluminium Extrusion Industries.

    Market sentiment turned negative with 21 laggards, relative to 14 gainers.

    MRS Oil led the losers chart in percentage terms by 9.92 per cent to close at N10.90 per share.

    Aluminium Extrusion Industries followed with a decline of 9.88 per cent to close at N7.30, while Consolidated Hallmark Insurance shed 9.38 per cent to close at 29k per share.

    Sterling Bank shed 8.65 per cent to close at N1.69, while Guinness Nigeria depreciated by 8.08 per cent to close at N33 per share.

    Conversely, Eterna dominated the gainers chart in percentage terms, gaining 9.91 per cent to close at N5.99 per share.

    Linkage Assurance followed with 9.72 per cent to close at 79k and Royal Exchange rose by 9.09 per cent to close at 36k per share.

    Japaul Gold and Ventures appreciated by 8.89 per cent to close at 49k, while FCMB Group gained 4.59 per cent to close at N2.96 per share.

    Also, the total volume of trades declined by 6.19 per cent with an exchange of 224.59 million valued at N2.14 billion in 4,675 deals.

    This was against 239.42 million shares worth N2.32 billion exchanged in 4,445 deals on Thursday.

    Transactions in the shares of UACN topped the activity chart with 34.05 million shares valued at N337.61 million.

    Access Bank followed with 26.35 million shares worth N214.93 million, while FBN Holdings traded 18.93 million shares valued at N137.44 million.

    Zenith Bank traded 16.59 million shares worth N364.34 million, while Fidelity Bank transacted 15.31 million shares valued at N39.15 million. (NAN)

    Source: NAN News

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    Onyema completes tenure as NSEs CEO

    By Itohan Abara-Laserian

    The Nigerian Stock Exchange (NSE) says Mr Oscar Onyema has completed his tenure as its Chief Executive Officer (CEO) after a 10-year period.

    Mr Olumide Orojimi, NSE Head of Corporate Communications, said in a statement on Tuesday in Lagos, that a closing gong ceremony was held on April 1 to honour Onyema.

    Also, Otunba Abimbola Ogunbanjo, Chairman, Nigerian Exchange Group (NGX Group) Plc, said that the closing gong was in commemoration of Onyemas exemplary leadership.

    Following the successful demutualisation of the Exchange, Onyema would transition into the Group Chief Executive Officer (GCEO), NGX Group Plc.

    Ogunbanjo stated: It is impossible to overstate Oscar Onyemas contributions to the growth of The Exchange and the development of the capital market in the past 10 years.

    After his first year of leadership, it became evident that his strategic mindset and mastery of Exchange business is what NSE dearly needs to rise to its next level of growth.

    As anticipated, The Exchange went on to experience significant growth as the years pass by, most notable of which is the recent completion of the demutualisation of The Exchange.

    It has indeed been a pleasure working with him in our time at the NSE and I look forward to our continued journey to greatness in the NGX era.

    The new GCEO, Onyema, said: I arrived at the NSE when the stock market was in the doldrums, investors confidence low, mono product and the bourse under regulatory administration.

    With tunnel vision, collaboration with stakeholders in the financial system and perseverance, we have been able to surmount almost all of the challenges.

    I am delighted to have worked with astute members of the national council, visionary leaders in the executive committee and expert crop of staff at The Exchange to have delivered excellent results.

    We have come a long way from where we used to be and I am excited about the opportunities demutualisation has opened for us in the coming years.

    I must reiterate my commitment to ensuring that the NGX Group Plc and its subsidiaries deliver on the mandate to become Africas leading capital market infrastructure provider.

    I look forward to deepening partnerships with existing stakeholders and exploring new collaborations locally and globally to bring this to bear.

    The demutualisation of the Exchange has led to the emergence of the Nigerian Exchange Group Plc and three subsidiaries: Nigerian Exchange (NGX) Limited; NGX Regulation (RegCo) Limited and NGX Real Estate Limited.

    Mr Temi Popoola will assume the role of CEO, NGX Limited while Ms Tinuade Awe will become the CEO, NGX RegCo Limited. (NAN)

    Source: NAN News

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    Gulf of Guinea: Nigerian, Spanish Navies collaborate on capacity improvement
    By Oladapo Udom

    Four Nigerian Navy Ships are to collaborate with the Spanish Navy War Ship (SNS) Furor, to conduct a two-day sea exercise to develop capacity toward improving protection within the Gulf of Guinea.

    The Flag Officer Commanding (FOC) Western Naval Command, Rear Admiral Jason Gbassa, said this to newsmen during the SNS Furors visit to the command on Tuesday.

    The News Agency of Nigeria (NAN) reports that the exercise will hold on April 7 and April 8.

    Gbassa said the visit by SNS would further consolidate the bilateral relations between the two countries, as well as improve capacity on the side of the Nigerian Navy.

    As part of our naval responsibilities, navies all over the world as a universal service, always collaborate and cooperate in areas of maritime operations.

    Your port visit to Lagos is in line with that function of the navy and it is our pleasure to have you around.

    The exercise we plan to conduct together will go a long way toward improving our capacity in monitoring our maritime environment and further cementing our relations, he said.

    The FOC said that the Nigerian Navy and the Spanish Navy have had relationship that dates back to a while.

    Over the last two years, this is the fourth SNS that is visiting Nigeria and at each of their visits, we conducted exercises together as regards the protection of the Gulf of Guinea.

    Their experience must have informed and encouraged your port call, so we intend to build on your visit to go further into other areas of training.

    That will include areas where we will have joint training and exchange programmes at the higher level that will contribute to all our efforts to secure not just our waters but indeed the Gulf of Guinea, Gbassa said.

    (NAN)

    Source: NAN News

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    Bandits again set police division in Imo on fire
    By Ikechukwu Iweajunwa

    Barely 48 hours after unknown gunmen attacked the Police Command in Imo, bandits again razed the Police division in Ehime/Mbano in the state, setting some vehicles on fire on Tuesday.

    The Police Spokesman in Imo, SP Orlando Ikeokwu confirmed the attack on the police division to the News Agency of Nigeria (NAN).

    NAN recalls that the Police Headquarters and the Correctional Center in Imo, were attacked by unknown gunmen on Sunday, while some inmates escaped in the process.

    The attack occurred few hours after the Vice President, Yemi Osinbajo, the former Inspector General of Police, Mohammed Adamu and other government functionaries visited the state to inspect the attacked facilities.

    However, the PPRO said no life was lost in the latest attack.

    Yes I can confirm to you that the police facility was attacked today by bandits.

    No casualty on the part of police, no loss of arms but three vehicles were burnt in the process, he said.

    NAN reports that the attack has brought the number of police facilities destroyed in the state between February and April to five.

    They are Obowo, Aboh-Mbaise, Ihite Uboma, Isiala Mbano and Ehime Mbano as well as the police headquarters in the state. (NAN)

    Source: NAN News

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    Enugu Correctional Centre beefs up security against attack
    By Alex Enebeli

    Enugu Correctional Centre says it has beefed up security around the facility to forestall any attack that could lead to jailbreak.

    The Spokesman for the centre, Mr Emeka Monday, said this in an interview with the News Agency of Nigeria (NAN) in Enugu on Tuesday.

    Monday said the measure became necessary, following Mondays attack on the police headquarters and correctional centre in Owerri, the Imo capital.

    According to him, the centre is working with other sister security agencies to provide maximum security around the Enugu correctional centre.

    We are aware of what happened in Imo and have put certain measures in place to ensure that such an ugly incident does not happen here.

    We are on alert and will resist any jailbreak attempt. For now, the centre is secured and safe, Monday said. (NAN)

    Source: NAN News

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