Adeosun Explains Reinstatement of Trading on Oando Shares Shareholders kick, accuse minister of meddling in capital market, SEC’s affairs Chika Amanze-Nwachuku The Minister of Finance Mrs. Kemi Adeosun and aggrieved shareholder groups yesterday were at daggers drawn
over the events in the last one week pertaining to the lifting, reinstatement and lifting again of the technical suspension placed on Oando’s shares traded on the Nigerian
Stock Exchange (NSE) and the minister’s subsequent removal of the acting director-general of the Securities and Exchange Commission (SEC), Dr. Abdul Zubair over the fiasco and his
replacement with Ms. Mary Uduk at the weekend. While the shareholder groups have accused Adeosun of “unwholesome interference” in the nation’s
capital market and meddling in the operations of SEC, and demanded her immediate sack, the minister has denied the allegations, saying the shareholder groups were
speaking out of ignorance. According to Adeosun, she had to suspend Zubair at the weekend because she Continued on page 10
Konga, Yudala Announce Merger, To Rule E-Commerce, Organised Retail Sector… Page 48 Monday 16 April, 2018 Vol 23. No 8397. Price: N250
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Babangida: I’ll Support Anything Targeted at One Nigeria Laleye Dipo in Minna
AGAIN, ZENITH BANK DELIVERS TO SHAREHOLDERS... L-R: Deputy Managing Director Zenith Bank Plc, Adaora Umeoji; GMD/CEO, Zenith Bank, Peter Amangbo; Chairman, Zenith Bank, Mr. Jim Ovia; and Deputy Managing Director, Zenith Bank, Mr. Ebenezer Onyeagwu, at the 27th Annual General Meeting of the bank held in Abuja… recently
Former military president, General Ibrahim Badamasi Babangida (rtd) has said he will support any project, organisation or body whose objective is to achieve one Nigeria. Babangida made the declaration in Minna yesterday when he received the new Continued on page 8
Buhari to Meet Trump April 30, Holds Talks With Theresa May Today Omololu Ogunmade in Abuja President Muhammadu Buhari will meet U.S. President Donald Trump in Washington on April 30 to discuss issues on the fight against terrorism and economic ties between Nigeria and the United States, the White House announced yesterday. “President Trump looks forward to discussing ways to enhance our strategic partnership and advance our shared priorities: promoting
economic growth and reforms, fighting terrorism and other threats to peace and security, and building on Nigeria’s role as a democratic leader in the region,” the White House said in a statement. Buhari, who travelled to the United Kingdom last week ahead of the Commonwealth Heads of Government Meeting (CHOGM) in London, is also
billed to hold a bilateral meeting with British Prime Minister Theresa May today. The Nigerian president will then address Commonwealth leaders towards the end of the week. According to the White House, “The relationship of the United States with Nigeria is deep and strong, and Nigeria’s economic growth,
security, and leadership in Africa will advance our mutual prosperity.” Nigeria, Africa's largest economy, is among the countries combatting Islamist extremism with help from the U.S. The nation is battling an array of security threats across its territory, from Boko Haram jihadists in the northeast to oil
militants in the south. The announcement of the visit comes one day after the fourth anniversary of the Chibok schoolgirls’ abduction, which saw Boko Haram kidnapped 276 girls. The Nigerian president’s White House visit also follows a scandal that erupted in January when Trump allegedly branded African nations
Wike Hosts IPI Team, Calls for Free Press ... Page 48
“shithole countries”. The reported remark triggered global outrage and forced the U.S. president to pen a letter reaffirming his commitment to the continent. Nigeria was among the countries included on Trump’s ex-secretary of state Rex Tillerson’s Africa tour last month -- though the former Texas oilman truncated the trip just before the US president brutally sacked him. Continued on page 10