[WORLD NEWS] HUNGARY FOLLOWS U S IN PULLING OUT OF UN MIGRATION PACT

  HUNGARY’S RIGHT-WING GOVERNMENT HAS ANNOUNCED ITS WITHDRAWAL FROM A UNITED NATIONS PACT ON MIGRATION, SAYING THE GLOBAL DEAL ENCOURAGES MOVEMENTS OF PEOPLE WHICH ARE DANGEROUS FOR THE WORLD. FOREIGN MINISTER, PETER SZIJJARTO, ON WEDNESDAY, DISCLOSED THAT THE DOCUMENT IS ENTIRELY AGAINST HUNGARY’S SECURITY INTERESTS AND INCONSISTENT WITH ITS IMMIGRATION AND REFUGEE POLICIES. IT CAN BE RECALLED THAT HUNGARY, ANNOUNCED PLANS NOT TO SIGN THE FINAL DOCUMENT AT A CEREMONY IN MOROCCO IN DECEMBER 2017.

"[WORLD NEWS] HUNGARY FOLLOWS U S IN PULLING OUT OF UN MIGRATION PACT"

[WORLD NEWS] FIRST DIRECT ETHIOPIA-ERITREA FLIGHT IN 20 YEARS TAKES OFF

  ETHIOPIAN AIRLINES HAS CONDUCTED IT’S FIRST DIRECT PASSENGER FLIGHTS BETWEEN ADDIS ABABA AND ASMARA, RECONNECTING ERITREA AND ETHIOPIA AFTER A 20-YEAR MILITARY STANDOFF. THE AIRLINE’S CHIEF EXECUTIVE, TEWOLDE GEBREMARIAM, WHILE SPEAKING ON WEDNESDAY AT A CEREMONY TO INAUGURATE THE HISTORIC FLIGHT, STATED THAT THE DAY MARKS A UNIQUE EVENT IN THE HISTORY OF ETHIOPIA AND ERITREA. IT CAN BE RECALLED THAT ETHIOPIA’S PRIME MINISTER ABIY AHMED, VISITED ERITREA’S CAPITAL, ASMARA, ON JULY 9TH TO…

"[WORLD NEWS] FIRST DIRECT ETHIOPIA-ERITREA FLIGHT IN 20 YEARS TAKES OFF"

[WORLD NEWS] ETHIOPIA APPOINTS AMBASSADOR TO ERITREA

  ETHIOPIA HAS APPOINTED ITS FIRST AMBASSADOR TO ERITREA IN TWO DECADES IN THE LATEST SIGN OF RECONCILIATION AFTER A BORDER WAR. REPORTS TODAY, REVEALED THAT FORMER ETHIOPIAN AMBASSADOR TO IRELAND, REDWAN HUSSIEN, HAS BECOME ADDIS ABABA’S REPRESENTATIVE IN ASMARA. SINCE SIGNING AN AGREEMENT IN ASMARA ON JULY 9TH TO RESTORE TIES, ERITREAN AND ETHIOPIAN LEADERS HAVE MOVED TO END TWO DECADES OF HOSTILITY SINCE CONFLICT ERUPTED BETWEEN THE TWO NEIGHBORS IN 1998.

"[WORLD NEWS] ETHIOPIA APPOINTS AMBASSADOR TO ERITREA"

[BUSINESS NEWS] ENUGU DISCO EXPENDS N10 BILLION ON METER PROCUREMENT

THE ENUGU ELECTRICITY DISTRIBUTION COMPANY (EEDC), SAYS IT HAS EXPENDED N10 BILLION ON THE PROCUREMENT AND INSTALLATION OF CERTIFIED PREPAID METERS FOR ITS CUSTOMERS WITHIN THE SOUTH-EAST. EEDC’S HEAD OF COMMUNICATIONS, EMEKA EZEH TOLD NEWSMEN ON WEDNESDAY, IN ENUGU THAT THE COMPANY INHERITED MORE THAN 700,000 UNMETERED CUSTOMERS WHEN IT TOOK OVER FROM DEFUNCT POWER HOLDING COMPANY OF NIGERIA. HE EXPLAINED THAT THE PREPAID METERS, KNOWN AS SMART METERS, HAVE BEEN INSTALLED FREE-OF-CHARGE, ADDING CUSTOMERS…

"[BUSINESS NEWS] ENUGU DISCO EXPENDS N10 BILLION ON METER PROCUREMENT"

[BUSINESS NEWS] LAGOS PORTS EXPECT 29 SHIPS CARRYING PETROL, OTHER PRODUCTS.

  THE NIGERIAN PORTS AUTHORITY (NPA) SAYS IT IS EXPECTING 29 SHIPS CARRYING PETROLEUM PRODUCTS, FOOD AND OTHER GOODS FROM JULY 18TH TO JULY 30TH, 2018, AT APAPA AND TIN CAN ISLAND PORTS. NINE OF THE 29 SHIPS ARE CONVEYING PETROL. THE OTHER 20 SHIPS ARE LADEN WITH BUCKWHEAT, FROZEN FISH, GENERAL CARGO, BULK SALT, BULK FERTILISER, DIESEL, BASE OIL, BULK SUGAR AND CONTAINERS CARRYING DIFFERENT GOODS. ACCORDING TO THE NPA, SIX SHIPS HAVE ARRIVED…

"[BUSINESS NEWS] LAGOS PORTS EXPECT 29 SHIPS CARRYING PETROL, OTHER PRODUCTS."

[BUSINESS NEWS] AVOID PONZI SCHEMES, FAKE FINANCIAL MANAGERS, SEC WARNS

THE SECURITIES AND EXCHANGE COMMISSION, SEC, HAS WARNED NIGERIANS TO AVOID FRAUDSTERS AND PONZI SCHEME MANAGERS THAT ATTRACT UNSUSPECTING CUSTOMERS WITH HUGE, BUT UNREALISTIC DIVIDENDS. ACTING DIRECTOR-GENERAL OF THE COMMISSION, MARY UDUAK, SAID THIS ON WEDNESDAY, IN PORT HARCOURT, THE RIVERS STATE CAPITAL, DURING A TOWN HALL MEETING ORGANISED BY SEC. HOWEVER, UDUAK ALSO REVEALED THAT THE NEWLY INTRODUCED E-DIVIDEND REGIME IS AIMED AT REDUCING CONSTRAINTS USUALLY ENCOUNTERED BY SHAREHOLDERS, PARTICULARLY THOSE BORDERING ON UNCLAIMED…

"[BUSINESS NEWS] AVOID PONZI SCHEMES, FAKE FINANCIAL MANAGERS, SEC WARNS"

[BUSINESS NEWS] BUHARI BACKS MAJOR SHELL PROJECT ON DUTCH TRIP

PRESIDENT, MUHAMMADU BUHARI, ENDED A FOUR-DAY VISIT TO THE NETHERLANDS ON WEDNESDAY, AFTER EXPRESSING SUPPORT FOR THE INTERNATIONAL CRIMINAL COURT AND GIVING OIL GIANT SHELL APPROVAL FOR A NEW $5 BILLION INVESTMENT DEAL. ACCORDING TO NIGERIA’S FOREIGN MINISTER, GEOFFREY ONYEAMA, BUHARI WHO HELD TALKS WITH THE ANGLO-DUTCH OIL GIANT, SHELL, AT NETHERLANDS, GAVE THE COMPANY THE NOD FOR A MASSIVE INVESTMENT IN AN OIL AND GAS PROJECT. HE SAYS BUHARI ALSO HELD BILATERAL TALKS WITH…

"[BUSINESS NEWS] BUHARI BACKS MAJOR SHELL PROJECT ON DUTCH TRIP"

[BUSINESS NEWS] FG MAKES N343.05M FROM SAVINGS BOND IN JULY, SAYS DMO

THE FEDERAL GOVERNMENT SAYS IT MADE N343 MILLION FROM SALES OF SAVINGS BOND IN JULY 2018, AFTER 288 SUCCESSFUL SUBSCRIPTIONS. RESULTS OF THE SALES PUBLISHED ON THE WEBSITE OF THE DEBT MANAGEMENT OFFICE ON WEDNESDAY, IN ABUJA, SHOWED THAT OVER N79 MILLION WAS ALLOTTED FOR JULY 2020 AT 10.5 PER CENT. IT ALSO INDICATED THAT N263 MILLION WAS ALLOTTED AT 11.5 PER CENT FOR JULY 2021 PAPERS.

"[BUSINESS NEWS] FG MAKES N343.05M FROM SAVINGS BOND IN JULY, SAYS DMO"

[BUSINESS NEWS] PROFIT TAKING: NSE ALL-SHARE INDEX PLUNGES FURTHER BY 0.58%

BEARS MAINTAINED DOMINANCE FOR THE THIRD CONSECUTIVE TRADING DAY ON THE NIGERIAN STOCK EXCHANGE, FORCING CRUCIAL MARKET INDICATORS TO DROP FURTHER BY 0.58 PER CENT. THE ALL-SHARE INDEX LOST 216 POINTS TO CLOSE AT 36,748, AS AGAINST 36,964 RECORDED ON TUESDAY, AMID PRICE DEPRECIATION BY SOME BLUE CHIPS. HOWEVER, THE MARKET CAPITALISATION OF THE EXCHANGE SHED N78 BILLION TO CLOSE AT N13.3 TRILLION, COMPARED TO N13.4 TRILLION ON TUESDAY. IN ALL, THE VOLUME OF SHARES…

"[BUSINESS NEWS] PROFIT TAKING: NSE ALL-SHARE INDEX PLUNGES FURTHER BY 0.58%"

[NEWS] NO PLAN TO ATTACK CROSS RIVER COMMUNITY, SAYS MIYETTI ALLAH

CROSS RIVER STATE BRANCH OF THE MIYETTI ALLAH CATTLE BREEDERS ASSOCIATION OF NIGERIA HAS DISMISSED REPORTS THAT FULANI HERDSMEN ARE PLANNING TO ATTACK RESIDENTS OF OBANLIKU LOCAL GOVERNMENT AREA OF CROSS RIVER. THE CHAIRMAN OF THE ASSOCIATION, HASSAN ABO, IN AN INTERVIEW ON WEDNESDAY IN CALABAR, NOTED THAT CATTLE BREEDERS IN OBANLIKU HAVE BEEN LIVING PEACEFULLY WITH RESIDENTS OF THE LOCAL GOVERNMENT OVER THE YEARS, ADDING THAT THE UNITY SHOULD NOT BE DESTROYED WITH FAKE…

"[NEWS] NO PLAN TO ATTACK CROSS RIVER COMMUNITY, SAYS MIYETTI ALLAH"