NIGERIAN NOTCH

....... As IMHA Confirms Attorney General and Commissioner for Justice.  Nine lawmakers of the Imo state House of Assembly, have defected to the All Progressives Congress, APC, just as the Deputy Speaker of the House, Okey Onyekanma, resigned his position. Our correspondent in Owerri, was at the House of Assembly to capture the defection drama, as more lawmakers are  prepared to move to APC, soonest. The defection started around 3:30 pm when the Speaker of the House, read the letters of the decampees at the floor of the House. Apart from the announcement of the defectors, the Speaker announced the screening of the Attorney General of Imo State, Cyprian Akaolisa, as appointed by the governor, Sen Hope Uzodinma, who was also confirmed. The nominee, Barr. COC Akaolisa, whose name was earlier sent to the House by the Governor and read at plenary by Speaker Collins Chiji, was screened following the request by Uzodinma for speedy consideration of his nomination to ensure there

Nigerian and United Kingdom (UK) investors have sealed commercial deals worth more than N153.4 billion at the inaugural UK-Africa Investment Summit held yesterday in London. Disclosing this in a statement made available to Vanguard, the British Deputy High Commission in Lagos, said that the summit, which was  designed to create lasting new partnerships that deliver more investment, jobs and growth, benefitting people and businesses across Nigeria and the UK, featured announcements of  commercial, trade and investment deals. Specifically, the N153.4 billion deals were announced by Savannah (for gas asset); Low Energy Designs (for street lighting); Trilliant (for smart metering for Abuja DisCo); and Tex ATC (for airport control room towers). On trade and investment support, the Department for International Development (DFID)  launched three  major programmes that will benefit African countries, including Nigeria. These are: N13.1 billion Investment Promotion Programme  for

…Insists on reversal of Imo judgment The Peoples Democratic Party, PDP, has commended the Supreme Court for affirming the election of Governors Aminu Tambuwal, Bala Mohammed, Samuel Ortom and Ahmed Fintiri of Sokoto, Bauchi, Benue and Adamawa states respectively. In a statement signed by the party’s spokesman, Kola Ologbondiyan on Tuesday, the PDP said governors truly won in their states adding that “any disposition to the contrary would have further diminished the hard-earned image of the highest court of the land as Nigerians know that the PDP won in those states.” The states read in part: “The PDP, however, insists that the judgment on the four states would not in any way sway it to abandon or even diminish the nationwide agitation for a judicial review and reversal of the miscarriage of justice by the court in its judgment on Imo state governorship election. “The party notes that by upholding the Sokoto, Bauchi, Benue and Adamawa elections, the Supreme Court has shown t

FCMB, NSE, Nigerian stocks, Nigerian stock exchange, Presco, Cadbury, UACN led top gainers' chart as ASI gains 0.51%, Guinness, UBA, Access, two others led top gainers on Monday , Access, Zenith and GT Bank traded N3.42 billion shares on Tuesday , Ikeja Hotel, Cadbury, Union Bank top gainers’ chart on Wednesday , Nigeria Breweries, Unilever, Unilever lead gainers chart on Friday , Stock Market dipped N197.35 billion Equity value on Monday , Bulls return to the NSE as market cap hits N13 trillion mark, FCMB, Cornerstone Insurance lead gainers as bourse gain N94.2 billion , Law Union, Lafarge, Unity Bank lead gainers on Tuesday  Wealth NG ads The Nigerian Stock Exchange traded negatively on Tuesday as the all-share index dipped 0.83% to close at 29,462.76 index points while the bourse recorded trades in 272.84 million units of shares valued at N3.71 billion across 4,945 deals. Total equity market capitalisation closed at N15.176 trillion, 0.84% decline compared to N15.303 reco

Dignitaries and models across  Nigeria and Africa will participate  during  Face of Arise Africa beauty Pageant. Speaking with the Founder of Arise Africa Network Mr . Ikechukwu Anyanwu who is also Publisher Arise Africa magazine, CEO of Face of Arise Africa, Sommies Ltd, Gcfn Consults, He affirmed the readiness of the group to deliver a world class event set to redefine  pageantry while attracting local and foreign investment into the Imo State tourism sector. The leadership blogger further explained that, ‘Face of Arise Africa beauty pageant is one that primarily focuses on harnessing the potential of women while also exploring our capacity to lead an army of achievers in addressing some of the challenges bedeviling the Nigerian society. The Face of Arise Africa beauty pageant is designed to raise confident, elegant and inspirational women who would use the power of their inner strength and character to provide solutions to some of the challenges  our country Nigerian is faci

Access Bank has finally acquired 100% of Kenya’s Transnational Bank Plc and its 28 branches, as the Central Bank of Kenya (CBK) gave its final nod. In October 2019 we gathered that Access Bank from the first quarter of 2020, would expand its footprint across Africa. The bank, which is the largest in Nigeria by customer-size, had embarked on this path seven months after merging with another Nigerian bank, Diamond Bank. When will takeover be effective? Nigerian Notch learnt that 100% of the shareholding of Transnational Bank will become that of Access Bank from February 1, 2020, after receiving approval on December 24, 2019, for the acquisition. In a statement, the Kenyan bank regulator, CBK, stated that, “Access Bank Plc’s business model mainly focuses on corporate and retail banking and its strong group support is expected to drive Transnational Bank Plc’s business growth for the benefit of the Kenyan economy and the banking sector.” Kenyan banking industry in inorganic pha