NIGERIAN NOTCH

Cable manufacturing company, CUTIX Plc, Nnewi, has posted a revenue and profit before tax of N5.1 billion and N661.6 million respectively in first quarter (FY) 2018 which ended in April 30, 2018. Ifeanyi Uzodike, Chief Executive Officer of the company made the disclosure on Tuesday in Nnewi during a Pre- AGM Press briefing. According to the CEO, when compared to FY 2017 figures of N3.7 billion and N370.1 million, respectively . PICTURE: R-L: Uche Igbokwe, Head of Commercial Department; Arinze Okwuosa, Head, Technical Section; Ijeoma Oduonye, CEO designate; Ifeanyi Uzodike, Outgoing CEO; Chinwe Nwokporo, Company Secretary; and Chima Nwosu, Deputy Gen. Manager/ CFO. T he growth represents an increase of 38% in revenue and 71% in profit before tax. He said the company's overall performance was fair taking into consideration the economic situation of Nigeria; adding that even in the face of the economic reality in the country, the company had maintained its...

Mr Vitus Chinedu Enyeribe, the Chairman of Old Motor Spare Parts in Nkwo Nnewi has cried to Anambra State government to save the traders from a gully erosion that has sacked stall, even as crisis   rocking another section of the market deepens. Mr Enyeribe, lamented that over fifteen shops have already been lost to the advancing erosion with other shops at the verge of being swallowed. He said the association had applied all palliative measures it could afford to no avail "and the situation has gone beyond our control now." Enyeribe said the erosion also destroyed goods in the market, as the incident mostly happened at nights after heavy rains. He said, victims of the disaster had remained helpless with the hope that government would come to their rescue, but to no avail. The association chairman stressed, that it would be unfair that traders are paying taxes and the necessary levies in the market and still remained neglected. Apart from the erosion menace, he said ...

AHEAD of the February 16, 2019 senatorial elections, strong indications have emerged that 42 of the 109 serving senators will not return to the chamber to resume for the 9th Senate, which would be inaugurated in June 2019. The 42 senators who will not return to the Senate form those who on their own, stepped down for others, while some were forcibly asked to step down, following political intrigues, backstabbing, maneuvering, among others, that played out, especially with some state governors who have rounded off their two terms and are eyeing the Senate. 42 senators not returning Of the 42 serving senators already out, 19 voluntarily withdrew from the senatorial race at primary level or went for other elective positions, particularly governorship primaries, 23 others actually bidded for senatorial tickets on the platform of their political parties, but due to one issue or the other, lost out. Restriction of movement of 50 Nigerians: PDP, CUPP, blast Buhari The 19 serving senat...

Boko Haram Executes Hauwa; Leah to live as slave The Nigerian Government has said it was shocked and saddened at the killing of another aid worker, Hauwa Mohammed Liman by Boko Haram on Monday, despite the actions taken by the government and the widespread appeal to save the young woman. In a statement issued in London on Monday, the Minister of Information and Culture, Alhaji Lai Mohammed, described the killing as dastardly, inhuman and ungodly, saying nothing can justify the shedding of the blood of innocent people. He commiserated with the family of the aid worker, and said the Federal Government did all within its powers to save her life. Fayose’s four years in a moment ”It is very unfortunate that it has come to this. Before and after the deadline issued by her abductors, the Federal Government did everything any responsible government should do to save the aid worker. ”As we have been doing since these young women were abducted, we kept the line of negotiations open all throu...

The Presidency yesterday maintained   that the Executive Order 6 is not a political weapon against opposition but part of revolutionary efforts to rid Nigeria of the menace of corruption. It also disowned a list in circulation containing names of the 50 high profile persons reportedly banned from travelling out of the country. In a statement by senior special assistant to the president on media and publicity, Malam Garba Shehu, the presidency said in the history of independent Nigeria, this is the first time any government is taking such a key decision to fight corruption. Shehu dismissed insinuation in some quarters that the activation of the EO 6 was targeted at some individuals or politicians in the country. He said, “EO 6 is not only revolutionary to the efforts to rid Nigeria of corruption but a manifestation of systemic changes that are required to make necessary adjustments as we carry on with the war against corruption.

A judicial advocacy group, Access to Justice, has criticised President Muhammadu Buhari’s recent executive order barring 50 high profile Nigerians from travelling outside the country. In a statement Sunday, the group said the president, by his action, is setting a dangerous precedent. “While Access to Justice supports efforts to fight corruption in the most vigorous way possible, the PEO (Presidential Executive Order) is an unconstitutional overreach of the executive powers of government,” said Joseph Otteh, Director, Access to Justice. “It usurps legislative and judicial powers, and particularly emasculates the powers of courts to determine cases against those named in the PEO and exercise its’ inherent jurisdiction to control conditions related to how under-trial (accused) persons exercise their rights to liberty and movement.” Mr Buhari on Saturday announced that the 50 individuals , whose identities were not disclosed and whose assets are valued at N50 million ...