Curator

http://ift.tt/eA8V8J By Jimitota Onoyume PORT HAR-COURT—THE  Scripture Union has condemned the incessant killings by cultists in Rivers State, urging youths to shun cult activities and other related vices. Making the appeal weekend,  in Port Harcourt  under the aegis of Scripture Union of Nigeria, SU, at a briefing to mark 150 years anniversary of the body, Port Harcourt Regional Chairman of SU, Dr Sotonye Cookey, said it was disturbing that cultism had found its way to even primary schools, stressing that government and parents should do more to tackle the monster cutting short several lives in their prime. He said: “Today,  we take notice of the decay in our society, that we have never seen before. The decay sprang from the collapse of family structure. Cultism, exam malpractices, assassination, kidnapping, prostitution, drug pushing and other vices are prevalent among the people. They are hopelessly confused. The only solution is Jesus.” He enjoined governmen...

http://ift.tt/2qqVYTv Farmers Two months after the Presidential Fertiliser Initiative commenced across the country, farmers in some states are yet to access the much-hyped fertiliser, and where available, they are sold above the subsidised N5, 500 price. The goal of the initiative was to ensure easy access to the product at affordable rate. It was meant to be sold for N5, 500 per bag, as against the normal price of N10, 000, following a Memorandum of Understanding (MoU), signed with Morocco on importation of phosphate for fertiliser production. Feelers from Ogun, Enugu, Imo and other states, especially in the South show that farming is likely going to suffer serious setback this season. The Guardian learnt that the challenges differ from state to state. While Ogun, Imo, and others are yet to take delivery of the commodity, Enugu is in serious financial straits to source the product. Those who spoke with The Guardian fear that this year’s farming may go on without the applic...

http://ift.tt/eA8V8J By Ilechukwu Chidiebere SHAREHOLDERS of AXA Mansard Insurance Plc have unanimously approved the five kobo per share dividend proposed by its Board of Directors. The shareholders at the 25th Annual General Meeting, AGM, held in Lagos said: “We commend the Board and Management for the five kobo dividend recommended by the Board, despite the tough operating environment witnessed in the financial year 2016. We also commend the performance of AXA Mansard Insurance for the impressive results recorded in the financial year ended December 31, 2016 as virtually all the financial indices were positive.” The shareholders, however, condemned the continuous delay in the approval of financial results and other corporate actions of companies in the insurance industry by the apex insurance regulatory body, National Insurance Commission, NAICOM. The shareholders stated that this delay does not encourage insurance companies in meeting the aspirations of shareholders on good...

http://ift.tt/2nXtSNy The latest discovery is among several others uncovered in the recent past, showing irregularities in forex handling and diversion of petroleum products by operators in the oil industry. The House of Representatives ad-hoc committee on the Review of Pump Price of Petroleum, said it has discovered discrepancies in the records of Central Bank of Nigeria (CBN), indicating that $270 million worth of foreign exchange (forex) has remained unaccounted for. The latest discovery is among several others uncovered in the recent past, showing irregularities in forex handling and diversion of petroleum products by operators in the oil industry. At an investigative hearing last week, where some oil lifting and distributing companies appeared, the Chairman of the ad-hoc committee, Hon. Nnana Igbokwe, blamed the companies for their unclear activities, which he said have contributed to the recent hike in the litre price of fuel. Igbokwe said based on the documents of th...