The Nigerian Exchange Group, NGX, through its regulatory subsidiary, NGX Regulation Limited, NGX Regco, has wielded its big stick by issuing around 3,792 regulatory actions on license holders in 13 years. This is according to a recent report by trading license holders’ compliance, BrokerTraX. The report showed that from 2011 to 2023, 3,792 infractions were documented, including 193 rules breaches by stockbroking firms. The initiative is designed to improve investors’ confidence. A more detailed analysis of the report indicated that in 2011, the NGX Regco carried out 257 enforcement actions against stock broking firms. The number rose to 436 in…
Author: Abimbola Ogunaike
The Presidency on Monday, 16 December, 2024 described the remarks about Nigeria made by the newly elected United Kingdom Conservative Party leader, Kemi Badenoch, as a “cock and bull story.” President Bola Tinubu’s Senior Special Assistant on Media and Publicity, Temitope Ajayi, insisted that Badenoch lied about her upbringing in Nigeria. Recall that in 2022, Badenoch accused Nigerian politicians of using public funds for their private matters. She claimed that her upbringing in Nigeria was overshadowed by fear and insecurity because the country was plagued by corruption. After she was elected as UK Conservative Party leader in November 2024, the…
The Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC on Thursday, December 12, 2024 arraigned the duo of Ekpe Anayaoha Okoronkwo and Umeonuoha Onyinye, staff of one of the new generation banks, before Justice Mohammed Garba Umar of the Federal High Court sitting in Independence Layout, Enugu State for allegedly selling newly-minted N500,000 They were arraigned on a one-count charge bordering on currency racketeering to the tune of N500,000. The lone count charge reads: “That you, Ekpe Anayaoha Okoronkwo and Umeonuoha Onyinye, sometime in October 2024 at Enugu, Enugu state, within the jurisdiction of the Federal High…
Troops of operation Fansan Yamma have destroyed 22 camps of Lakurawa and killed several of them in Sokoto State, just as they also recovered weapons and ammunition during the operations. The acting General Commanding Officer, 8 Division and Commander Sector 2, Operation FASAN YAMMA, Brigadier General Ibikunle Ajose, made this disclosure while addressing the Special Brigade deployed to crush Lakurawa in Sokoto and Kebbi states by the Chief of Defence Staff on Friday, 13 December, 2024. “Prior to the deployment of the Brigade, troops of 8 Division under the auspices of Operation FANSAN YAMMA had begun precursor and shaping operations into…
Ogun State First lady, Mrs Bamidele Abiodun, has stated that the Violence Against Persons Prohibition (VAPP) Law is already yielding results in the state. According to her, the law has given survivors of Sexual Gender Based Violence (SGBV) a voice, empowered communities to stand against perpetrators, and ensured that offenders face the full weight of the law. Mrs Abiodun spoke while inaugurating a new Sexual Assault Referral Centre (SARC) an Ogun State Government initiative through the Ogun state Economic Transformation Project sponsored by the World Bank in Ijebu-Ode. The governor’s wife said most cases of sexual assault on survivors were perpetrated…
The Kogi State Governor, Ahmed Oododo, has approved the payment of December salaries for the state civil servants and pensioners. The state Commissioner for Information, Kingsley Fanwo, who disclosed this in a statement on Saturday, 14 December, 2024, said “the payment of December Salary on the 14th of December is to enable civil servants plan and enjoy their Christmas and New Year holidays after working so hard throughout the year.” Fanwo added that, “with this gracious approval by Governor Usman Ododo, civil servants who would want to travel for their holidays could also plan ahead without having to wait for salaries…
Corporal Juliet Chukwu of the Nigeria Police Force has made the country proud by winning the Bantamweight Championship title at the prestigious Extreme Fighting Championship in Johannesburg, South Africa. The championship, which featured top fighters from around the world, saw Chukwu deliver a stunning performance, showcasing exceptional skill, discipline, and determination. The Force Public relations Officer, Muyiwa Adejobi, who confirmed the development through a statement issued on Friday, 14 December, 2024, said the Inspector-General of Police, Kayode Egbetokun, congratulated Chukwu on her achievement, describing it as a reflection of the Force’s commitment to excellence not only in policing but also in sports. “This…
The Central Bank of Nigeria (CBN) on Friday, 13 December, 2024 announced that it will slam a fine of N150 million per branch on Deposit Money Banks found guilty of facilitating the illegal flow of mint naira notes to currency hawkers and unscrupulous agents. The Apex Bank made this disclosure s in a circular issued on Friday, 13 December, 2024, signed by the Acting Director of the Currency Operations Department, Mohammed Olayemi. According to the statement, the CBN is concerned about the increasing prevalence of mint naira notes being traded by hawkers, a practice the bank described as impeding efficient and effective…
Operatives of the Ogun State Police Command on Saturday, 14 December, 2024 arrested a truck driver, Olalere Timileyin and his motor boy at Obada Oko, Abeokuta, the state capital, over the death of a man said to have been assaulted for allegedly stealing a tarpaulin. The Ogun State Police Public Relations Officer, spokesperson for the state police command, SP Omolola Odutola, confirmed the arrest of the duo in a statement made available to journalists on Saturday, 14 December, 2024. According to Odutola , one Alao Fadipe of Iyana Ikereku at about 3 am on Friday, 13 December, 2024 reported to the police…
The National Chairman of the All Progressives Congress (APC) Abdullahi Ganduje, has said the party’s target is to capture Rivers State in 2027. Ganduje stated this while inaugurating the newly elected executive committee of the party in the state, led by Chief Tony Okocha in Port Harcourt, the state capital, on Saturday, 14 December, 2024. According to him, though the South-South geo-political zone is largely controlled by the Peoples Democratic Party, the APC is making inroads in the zone, with Cross River and Edo states already taken by the ruling party. While congratulating the newly elected state executive members, Ganduje said,…