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15 Top Breaking News In Nigeria Tonight, Monday, June 29,2020

Syndi 06/29/2020

FCMB Group has notified the Nigerian Stock Exchange, NSE, that its pensions arm, FCMB Pensions Limited, has entered into an agreement to acquire 96% of AIICO Pensions Limited. A statement by FCMB said the move was part of a strategy to grow the Group’s investment management portfolio and build on the inherent synergies between pensions and banking. It noted that the acquisition is one of several proactive steps, along with digitisation, that the company had embarked on to enhance its market position and competitiveness, as the industry braces itself for the commencement of Retirement Savings Account, RSA, portability.- Vanguard News

As Bureau de Change operators offer rescue option By Emeka Anaeto There are indications that Nigeria’s Diaspora Remittances, DR, would significantly underperform projections by PriceWaterhouseCoopers, PwC, world’s leading accounting and management firm. This development is seen as one of the direct impacts of the Coronavirus, COVID-19, pandemic on Nigeria. Going by the World Bank analysis of sub-Sahara Africa, Nigeria’s DR inflow will drop by 20 per cent in 2020. - Vanguard News

By Lawani Mikairu The Presidential Task Force on Covid-19, PTF, yesterday said domestic flight operations can now resume after a satisfactory assessment of the industry’s readiness for restart. The National Coordinator, PTF , Dr. Sani Aliyu who announced the lifting of the ban on domestic flight operations in the country, said domestic operations are allowed to "open as soon as practicable but in line with existing international and local guidelines on COVID-19". - Vangaurd News

The Federal government has lifted ban on inter state travel while also reopening schools for only graduating students. During the daily briefing of the Presidential Task Force on COVID19, the National Co-ordinator, Dr Sani Aliyu, said the extension of the eased lockdown comes with some modifications. Dr Sani announced that the lift on inter state travel will begin from 1st July but must be during the curfew time (10pm-4pm).- Vanguard News

By Agbonkhese Oboh Bewi Africa, a non-profit organisation, weekend, took the campaign against drug abuse to youths and transporters in Lagos, with the Founder, Ms. Florence 'Bodex' Hungbo saying “as countries and individuals the fight against drug abuse, trafficking and unlawful trade should be on the front burner.” The Bewi Africa's outreach, held in commemoration of the International Day Against Drug Abuse and Illicit Trafficking, saw medical health experts giving talks to youths in Fadeyi and Ojuelegba areas of Lagos State on the dangers of drug abuse on their health, family and behavioural consequences. - Vanguard News

Sports betting has been inculcated into the culture of different nations, regardless of their continent. This is because placing a certain wager on the game seems to make it more exciting and fun to watch. Apart from the entertainment factor that sports betting brings, numerous people find it profitable, particularly betting on football through online platforms. Variety of Bookmakers Online betting on football is profitable because of the variety of bookmakers in the digital world. - Complete Sports News

The Federal Airports Authority of Nigeria (FAAN) has announced an upward review of the Passenger Service Charge (PSC) payable by air travellers on local and international flights by... Source: Business News

Rivers State Governor, Nyesom Ezenwo Wike has called on people not to shy away from the testing and treatment of the Coronavirus (COVID-19) as it is not a result of any wrong doing and can be gotten by anyone. Wike made the call Monday while receiving a donation of three Covid-19 Life Support Ambulances from the management of Bua Cement Company at Government House, Port Harcourt.- Leadership News

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