Shareholders of Central Securities Clearing System (CSCS) Plc, on Friday, approved total dividend of N4.3 billiion declared by the board for the financial year ended Dec. 31, 2019.
The dividend translated to 86k per share when compared with 70k per share paid in the comparative period of 2018.
Speaking to the shareholders at the meeting, Mr Oscar Onyema, CSCS Chairman, appreciated the resilience of the company and its performance amidst market volatility and waning transaction volumes in 2019.
“This sets of results and impressive returns to shareholders are commendable, particularly when put in the perspective of the relatively weak liquidity in the market in 2019.
“This feat reflects the tenacity of the management in diversifying the business and commitment to cost efficiency.
“Whilst transaction fees waned, it is satisfying that CSCS sustained both top and bottom-line growths, with revenue and profit before tax of N9.1billion and N6.3 billion respectively”, Onyema said.
Mr Haruna Jalo-Waziri, CSCS Managing Director, said that the performance was a result of commitment to superior value for shareholders.
“My colleagues and I remain committed to our earnings growth and cost efficiency philosophies, as we are driven by the ultimate objective of creating superior value for shareholders and enhancing market efficiencies.
“I am pleased with the 165 per cent growth in non-core earnings, reflecting our tenacity toward diversifying the business.
“More importantly, the overall performance reflects the pay-off of our painstaking investment in people and new technologies, as we strengthen our capacity to serve our participants better and meet anticipatory need of the market.”
“Notwithstanding the inflationary environment, we closed 2019 with 31.5 per share cost-to-income ratio, demonstrating continuous improvement in cost efficiency.
“As we deliver on our strategic initiatives aimed at enhancing the post-trade segment of the Nigerian capital market, we are upbeat on the earnings outlook of the company, with expectations of delivering superior returns to shareholders over the long term,” Jalo-Waziri said.
He said that the company would continue to strengthen its partnership with all market stakeholders toward deepening the market for mutual growth.
“In 2019, we seamlessly delivered on our core responsibilities of safe depository, clearing and settlement of capital market transactions, but these do not excite us, as we are not in business for these table stakes, which we consider to be routine.
“We have greater and audacious ambitions of partnering with our stakeholders in realising the huge potential of the Nigerian capital market through innovations.
“I am pleased that we are laying solid foundations for creating value and impactful innovations for the Nigerian market, even as we reckon the odds”, Jalo-Waziri added.
On coronavirus pandemic, Jalo-Waziri said that the company activated its Business Continuity Plan requiring staff to work from home well ahead of the Federal Government’s lockdown in Lagos, Ogun and Abuja.
He said, “I am happy to report that we continue to seamlessly serve the market remotely, extracting the benefits of our proactive investments in new technologies and people.
“Whilst operating remotely over the past eight weeks, we continue to record 99.99 per cent uptime across all our channels, with a resounding commitment to efficiently support all primary and secondary market transactions through this challenging time, and always.”
Edited By: Oluwole Sogunle (NAN)
ISSA appoints CSCS boss member, Operating Committee
The International Securities Services Association (ISSA) has appointed Mr Haruna Jalo-Waziri, the Chief Executive Officer, Central Securities Clearing System (CSCS) Plc, as the representative of the global community of Central Securities Depositories (CSD).
Jalo-Waziri will function on the Operating Committee of the ISSA, chaired by Mr Jyi-chen Chueh, Executive Director, Standard Chartered Bank.
The operating committee is saddled with the responsibility of providing technical support and execution to the Executive Board of ISSA in proposing, executing and managing work projects aimed at advancing securities services, globally.
The company, in a statement on Wednesday in Lagos, said the appointment was conveyed by Mr Parry Colin, ISSA Chief Executive.
It quoted Colin as saying that the appointment was due to CSCS boss leadership role in the Nigerian CSD.
“We are delighted that Jalo-Waziri has agreed to be a member of the ISSA Operating Committee going forward. We welcome him as the representative of the World Forum of Central Securities Depositories (WFC) to the Committee,” Colin said.
According to him, the nomination and appointment of Jalo-Waziri to the Operating Committee of ISSA was due to his leadership role in the Nigerian CSD and his understanding of ISSA as core member.
“It is my pleasure to have been nominated and appointed to join the esteemed professionals on the Operating Committee of the ISSA.
“I look forward to working with colleagues with diverse global experience in actively promoting forward-thinking solutions that create efficiencies and mitigate risk within the global securities services industry,” he stated.
CSCS is a Public Limited Company, with a diversified shareholder base, including the Nigerian Stock Exchange, some of the largest banks in Nigeria, private equity firms, investment banks and other corporate and individual shareholders.
With over two decades of operation serving as the Central Securities Depository for the Nigerian capital market, CSCS has been pivotal to the growth and transformation of the capital market.
Edited By: Bola Akingbehin/Oluwole Sogunle
CSCS launches Regconnect to enhance capital market’s operational efficiency
The Central Securities Clearing System (CSCS) Plc on Tuesday launched a web-based application tagged “Regconnect” to ensure easier communication with registrars in the Nigerian capital market.
Mr Haruna Jalo-Waziri, CSCS Managing Director, said Regconnect, powered by CSCS, would transform and improve the user experience of registrars by providing an easy to use platform in information dissemination.
Jalo-Waziri said the application was developed having reviewed CSCS operations and methods of interaction with registrars to conform with global best practices.
He stated that prior to the solution, registrars could only connect with CSCS through a Data Exchange application that did not have the ability to process the data being submitted.
According to him, the application facilitates day-to-day processes regarding the maintenance of registers, with immediate validation of all data being submitted to ensure the accuracy of records and in less time.
“As part of our strategic pillars to automate and improve operational efficiency in the Nigerian capital market, the application will automate our interactions and improve CSCS connection with the registrars’ community.
“Usage of the Regconnect platform comes at no cost to all Registrars.
“It is an advanced replacement for the Data Exchange platform currently in use.
“It allows seamless integration with Registrar’s live data by offering end-to-end and system-to-system data exchange between CSCS and Registrars,” he said.
Mr Bayo Olugbemi, the Chief Executive Officer, First Registrars and Investor Services Ltd., who is also the President & Chairman of Council, Institute of Capital Market Registrars (ICMR), commended the initiative.
Olugbemi, said the introduction of the solution to the Nigerian capital market was a welcome development and would ensure efficiency in service delivery.
He stated that the solution would reduce processing time, enable swift communication between registrars and CSCS, as well as enhance seamless data transmission.
“Regconnect will give registrar total control over their use of the solution by offering an entity-based operational structure where each entity manages their access rights and operations,” Olugbemi said.
He added that the solution would grant registrars the ability to validate data right from their offices.
Also speaking, Mr Obong Idiong, the Managing Director/Chief Executive Officer, Africa Prudential, commended CSCS for collaborating with registrars to develop the solution.
He said, “We are in the digital era, therefore, it is good to see that there has been an upgrade on the Data Exchange Solution which was in use before now.”
The Nigeria News Agency reports that Data Exchange application and Regconnect solution are being run on a parallel deployment until December 2019, when total switch over to Regconnect occur.
CSCS is a public limited liability company incorporated on July 29, 1992 under the Companies and Allied Matters Act 1990 and commenced operations on April 14, 1997.
It acts as a depository for equities, corporate bonds, federal government savings bonds, Exchange Traded Funds (ETFs), Real Estate Investment Trusts (REITs) and mutual funds.
CSCS is regulated by the Securities and Exchange Commission (SEC) and is registered by the Corporate Affairs Commission.
Edited by Olawunmi Ashafa/Salif Atojoko
CSCS shareholders endorse N3.5bn dividend declared in 2018
Shareholders of the Central Securities Clearing System (CSCS) Plc on Tuesday proposed a cumulative dividend of N3.5 billion declared by the company for the financial year ended December 31, 2018.
The shareholders approved the dividend at the company’s 25th Annual General Meeting (AGM) held in Lagos.
The News Agency of Nigeria reports that the dividend pay-out translates to 70k per share, expected to be paid to shareholders whose names appeared on the register of members as at April 9.
Speaking at the meeting, a shareholder, Mr William Adebayo, said that the 70k dividend was very impressive when compared with dividends paid by some financial institutions.
Adebayo urged the company to map out strategies aimed at maintaining the dividend policy so as to sustain the trend.
He said that the tenure of the Chief Executive Officer, Mr Haruna Jalo-Waziri, had been successful and productive.
Also speaking, another shareholder, Mr Ayodele Ogundeji, who commended the board and management for a job well done said they have demonstrated commitment.
Ogundeji said that shareholders were very impressed with 70k dividend declared by the company during the period under review.
Dr Farouk Umar, Chairman, Association for the Advancement of the Rights of Nigerian Shareholders Association of Nigeria, tasked the company on product diversification to enhance profit.
Umar said that the company should work on listing on the Nigerian Stock Exchange (NSE) in the near future,
Onyema attributed the performance to several factors, including the primary market segment which witnessed the listing of two new companies, Notore Chemicals Industries and Skyway Aviation handing Company (SAHCO).
He added that relatively strong secondary market activity on the exchange, sound corporate governance model, skied workforce and technology contributed to the performance.
Onyema noted that “we continuously strive to create value for our shareholders by developing products and services in addition to our core business.”
According to him, our marketing efforts have been re-energised to establish us as leaders in the document management services space with clientele across several business sectors and in government.
He added that the company would continue to work to be the most respected Central Security Depository across the globe.
On outlook, the chairman of CSCS said that strong corporate governance standards and strategy execution shall remain top of mind for the board and management in the coming years.
“We will continue to stretch ourselves to ensure that our strategic objectives are met, so as to achieve long term value creation for our shareholders and stakeholders,” he said.
Also, Jalo-Waziri said that the company would remain committed to enhanced return and service delivery.
“Overall, our capability to process trades has now significantly increased from hundreds of thousands of trades to millions of trades daily.
“This development ensures that we stay well positioned to deliver clearing and settlement services across current and future product offerings to the stock exchanges we render services to.
“We have continued to strengthen our interaction and influence within and outside of the Nigerian capital market by cultivating and maintaining partnerships that promote similar interests and values,” Jalo-Waziri stated.
The company during the review period posted a profit before tax of N6.09 billion against N5.66 billion achieved in the comparative period of 2017.
Gross earnings stood at N9.08 billion in contrast with N8.69 billion in 2017, an increase of four per cent.
CSCS obtains ISO/IEC 27001: 2013 Re-certification
Stockbrokers urge Nigerians to support FG’s growth plan through Sukuk
The Chartered Institute of Stockbrokers (CIS) has urged Nigerians to support the Federal Government’s growth initiatives by subscribing to its N150 billion Sukuk.
The N150 billion Sukuk, a profitable financial instrument presently on sale to the investing public will expire on June 2.
The CIS made the plea in a statement jointly signed by the Institute’s President and Chairman of Governing Council, Mr Olatunde Amolegbe and the Registrar and Chief Executive, Mr Adedeji Ajadi on Saturday.
The statement urged the investing public to partner with stockbrokers to take advantage of investment in Sukuk to boost their cash flow and assist the Federal Government in its efforts to invest in road infrastructure.
“The Institute, hereby, encourages investors to approach their stockbrokers to learn more about this instrument prior to making their investment decision.
Stockbrokers are very accessible and they are professionals, equipped with skills and competencies in evaluating the risk and returns associated with such an instrument and will be able to guide investors accordingly.
“Sukuk Ijarah is a fixed income security backed by the Federal Government.
This makes it an investment without risk as repayment of investors is guaranteed by the full faith and credit of the Federal Government of Nigeria, hence, the instrument as a gilt hedge.”
Sukuk is highly sought after by ethical investors. it provides a regular bi-annual tax-free payment for the period of the instrument while the principal will be paid at the end of maturity period which is seven years.
”The profit to investors is pre-determined at regular interval to enable them enjoy steady cash flow. Sukuk helps in redistribution of wealth.
“It is a risk management instrument which is ideal for both speculators and investors. Speculators can sell before maturity. The instrument will help the government to finance large projects.
“Stockbrokers will assist investors to open accounts at the Nigerian Stock Exchange’s Clearing House, Central Securities Clearing System (CSCS) to keep (warehouse) their investments with opportunities to track it on The Exchange and FMDQ in case they decide to sell before maturity.
The News Agency of Nigeria reports that the Federal Government has announced that proceeds of Sukuk shall be utilised for execution of road projects in the six geopolitical zones in Nigeria.
The financial instrument attracts 11 per cent interest and minimum subscription of N10,000 in order to encourage retail investors.
Edited By: Emmanuel Okara/Ese E. Ekama (NAN)
COVID-19 pandemic may delay NSE’s demutualisation plan
Demutualisation of a stock exchange is a process by which a non-profit, member/brokers-owned mutual exchange is converted into a profit-seeking shareholder corporation, open to members of the public.
Demutualising an exchange therefore transforms it from being owned by members or brokers, to one with a different governance structure where members of the public can buy shares.
NAN reports that NSE’s initial demutualisation timetable shows that the exercise will be completed on April 24 but dealings members have expressed concern that the ongoing coronavirus pandemic is affecting the process.
The NSE had on March 4, held Court-Ordered Meeting and Extra-Ordinary General Meeting (EGM) where members approved the planned demutualisation and also approved the appointment of the inaugural Board of Directors.
According to the scheme of arrangement for the demutualisation, the final approval for the demutualisation would be obtained from the Securities and Exchange Commission (SEC) on April 22.
Confirming the development, Malam Garba Kurfi, the Managing Director, APT Securities and Funds Ltd., told NAN that the Exchange had commenced the distribution of shares to qualified members.
Kurfi said that the distribution of the shares was being delayed by the present lockdown in some parts of the country, especially Lagos, where majority of the dealing members were located.
“They sent us forms to give our details in order to credit us with the shares but the form needs your signatory, seal and this may not be available without opening the office,” he said.
Kurfi noted that dealing members could not submit the forms for the shares transfer without their seal.
He stated that the demutualisation process, no doubt, would be delayed because of the current situation of the country.
Kurfi said that court needed to approve the process endorsed by the members at the court-ordered meeting and EGM.
Prof. Prof. Sheriffdeen Tella, Professor of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun, said it was true that the stock exchange was still in operation in spite of the lockdown.
Tella who described it as being in partial operation, said the demutualisation exercise could not be concluded under the present uncertainties.
According to him, the deadline must be extended under this condition characterised by lots of constraints and uncertainties.
NAN reports that according to Scheme of Arrangement between the Exchange and shareholders/dealing member firms, each dealing member would get 6.01 million ordinary shares, while each ordinary members would get 2.44 million units post-demutualisation.
Following the demutualisation, N1.25 billion comprising 2.5 billion ordinary shares and 2.0 billion ordinary shares of 50k each, representing the issued share capital of newly demutualised Nigerian Exchange Group Plc would be registered with the Corporate Affairs Commission (CAC) and SEC respectively.
The Scheme of Arrangement showed that a total of 40.83 million ordinary shares, representing two per cent of the issued shares of Nigerian Exchange Group, would be set aside for allotment to parties who are adjudged as being entitled to shares in the demutualised Exchange, pursuant to the provisions of the Demutualisation Act 2018.
“The apportionment of two per cent as the Claims Review Shares is based on an analysis of the probable quantum of shares that would be required to settle each claim.
“This was determined given the rigorous and robust process undertaken to verify and confirm the names on the Register,” the Exchange said.
Additionally, 1.96 billion ordinary shares representing about 98 per cent of the issued shares and the balance of the issued shares following the reservation of the Claims Review Shares would be distributed between the dealing and ordinary members on the basis of a ratio of 78:22 respectively allotted on equal basis between the dealing and ordinary members.
A source at SEC told NAN that the commission had granted approval to the Exchange for the unbundling of its entities as contained in the scheme of arrangement.
The source said the commission had approved the scheme document and the holding of the court-ordered meeting as well as the EGM.
According to the source, the NSE before the last EGM, was a company limited by guarantee, which limits an individual to own anything in the Exchange.
The source noted that the ownership structure was revised and passed at the EGM by the dealing members to make it possible for members to own shares in the new Exchange.
The commission’s source said the shares allotted to the dealing and ordinary members at completion must be recorded by the Central Securities Clearing System (CSCS), the stock market depository.
The source noted that the commission’s final approval for the demutualisation programme would be granted at the completion of the entire process.
When contacted, an NSE official who pleaded anonymity, said it had yet to receive an approval from the commission for the unbundling of its entities.
Edited By: Gregg Mmaduakolam/Adeleye Ajayi (NAN)
Senate probes non-remittance of taxes to state governments
The Senate on Tuesday directed its Committees on Banking, Insurance and other Financial Institutions and Finance to investigate non-remittance of taxes on bank deposits and dividends payment due to state governments.
The upper legislative chamber also mandated the committees to ensure that all withholding tax revenues on both bank deposits and dividends are recovered while they report back to the plenary within four weeks.
The resolution was sequel to a motion entitled: “Digitalisation,Automation of Collection and Remittance of Withholding Tax on Bank Deposits and Dividends Payments for Enhanced Internally Generated Revenue (IGR) of State Governments” .
The motion was sponsored by Sen. Uche Ekwunife (PDP-Anambra)
Leading debate on the motion, Ekwunife said: “It has been discovered that the Central Security Clearing System, (CSCS) and banks in Nigeria do not remit withholding tax on bank deposits and dividends to state government as and when due.”
The lawmaker, who also noted that most state governments were unable to pay salaries and meet their financial obligations due to poor and dwindling revenue.
She said a lot of money was being held by banks either in form of under remittance or non-remittance of withholding revenue to the state governments.
Ekwunife stressed the need for states to increase their internally generated revenue given the dwindling revenue from the Federation Account which had left various state governments with the task of formulating strategies to improve the revenue base of their states.
According to her, one of the major sources of revenue for state governments is the withholding tax on bank deposits and dividends which have been difficult for the states to track.
“The current practice is that both the banks and CSCS remit to state governments any amount they desire as it is difficult for the states to reconcile what amounts should be credited to them.
“Remittances without recourse to details is capable of and already eroding the revenue due to the state governments,” she said.
Ekwunife, however, said that the leakages with respect to remittance of withholding tax could be addressed using modern tax solutions and information technology.
She also stressed the need for proactive measures to ensure that all the withholding tax is remitted for enhanced revenue and in meeting the Federal Government’s drive and quest for increased revenue at all levels to meet the nation’s development needs.
Senators, in their contributions, also affirmed that automation of revenue collection, remittance of withholding tax remained the best way to block the leakages inherent in the payments due to state governments.
Edited By: Shittu Obassa/Kayode Olaitan
Don tasks capital market regulators on bills to address unclaimed dividends, beneficiary owners
Prof. Segun Ajibola, a Professor of Economics, Babcock University, Ilishan-Remo, Ogun, has called on capital market regulators to initiate executive bills that will address unclaimed dividends and issue of beneficiary owners in the market.
Ajibola made the call on the sidelines of the Institute of Capital Market Registrars Inauguration of the new Governing Council, Investiture of Fellows and Induction of Associates in Lagos at the weekend.
He said that capital market regulators should initiate executive bills with the National Assembly to address some challenges in the market.
He said that the bills would become law to address the issue of beneficiary owners in the event of death or to address unclaimed dividends.
Ajibola said regulators should also compel registrars to update their registers periodically to solve issue of identity management in the capital market, thereby strengthening investors’ confidence.
“Regulators, apart from controlling infractions and other kinds of market misbehaviour, can also see what they can do to strengthen the confidence in the industry,” he said.
Ajibola, the immediate past President, Chartered Institute of Bankers of Nigeria, said the issue of identity management in Nigeria was still a major challenge in spite of Bank Verification Number (BVN).
“For capital market, now that we have the Central Securities Clearing System (CSCS), trying to manage stocks and shares online, there is the need to update information about shareholders regularly.
“Registrars should compare regular update of shareholders available to them.
“If this periodic update comes and in the event of death, the gap between the information available to the registrars and the accurate information will not be much,’’ he noted.
According to him, as at today, there is this issue of beneficiary ownership in the event of death.
“Some think the moment you are named a next of kin in any document, you automatically assume ownership of whatever the deceased left behind.
“Most institutions either in the money market or capital market don’t have that provision for either an account owner in the bank or shareholder to registrar to supply the name and details of the beneficiary ownership in the event of death.
“So, there is always this confusion whenever someone dies either as a bank customer or as a shareholder. The bank or registrar may not even be in the know of the death.
“Where there is even the knowledge, to assume ownership is a problem in this part of the world,’’ he said.
Ajibola said: “If the person dies without a will, you need a letter of administration from the court to confirm that you are entitled to his or her estate.
“And letter of administration takes ages to get out of our court system in Nigeria.’’
He said that periodic update of shareholders records would reduce the problem of lost shares; shares that cannot be claimed by beneficiary owners in the event of death and incident of unclaimed dividends.
Edited By: Fela Fashoro/Adeleye Ajayi
Market liquidity: SEC engages PENCOM, AMCON on Securities Lending
Determined to deepen liquidity in the nation’s bourse, the Securities and Exchange Commission (SEC) is engaging the National Pension Commission (PENCOM) and the Asset Management Corporation of Nigeria (AMCON) on securities lending.
Uduk said that the commission was engaging PENCOM on modalities which would permit Pension Fund Administrators (PFAs) to participate in Securities Lending.
Securities lending is the act of loaning a stock, derivative or other security to an investor or firm.
Securities lending requires the borrower to put up collateral, whether cash, security or a letter of credit.
“We have been engaging not only PENCOM but all local institutional investors that have substantial holding of equities and the essence of having this securities lending is to actually deepen our market.
“All of us are contributing to our own pension accounts and these PFAs are buying equities.
“What they do is to buy and hold, they don’t sell and they hold it, so the essence of securities lending is now to give room for them to make money and so that the money will now add up to their own contribution fund.
“We have a framework which has been approved and we are encouraging the market to go into self lending by meeting these institutional investors.
“Pension is the highest institutional investor in our market, they will now lend out these securities and when they lend out, it will be credited back to the pension fund account.
“At the end of the contract, they will get their securities back.
“Instead of holding the securities, they are making money out of it; that is the essence.
“So, we are engaging PENCOM to see it as an investment opportunity, and they have bought into the idea.
“We are discussing to see how they can be able to come up with their guideline based on their provision of the Act to allow securitues lending to take place.
“In addition, we are engaging another institutional investor, AMCON.
“It is a holistic approach to have a win win situation in our market,” Uduk said.
On unclaimed dividends, Uduk attributed the development to legacy issues, noting that the Commisison was working toward its elimination.
“Issues of unclaimed dividends are legacy issues; right now, you will not get unclaimed dividends from new issues.
“For an instance, the new issue that have come to the market like MTN or Airtel. There will be probably no unclaimed dividend on them.
“But for those other ones which we are still tackling, part of issue of unclaimed dividend has to do with issue of identity management, which we are doing everything to educate people on.
“We are engaging various stakeholders to be able to get the information we require.
“Items like BVN has been added to help in identity management which the capital market is also taking advantage of.
“The CSCS and the registrars are working together to ensure that more information from legacy shareholders are being collected to help them update the identity of shareholders in the market, thereby getting them to be able to claim their dividends.
“The registrars don’t have direct interface with the shareholders, they interface more with stockbrokers.
“There is a committee comprising of SEC, registrars, stockbrokers, the issuing houses, CSCS and NSE working on that in addition to e-dividend management.
“They came up with a resolution that stockbrokers will update information in respect of their clients to address the legacy issues.
“Before 2008, a lot of Nigerians bought shares in the capital market and when they were buying those shares we didn’t have BVN that time, and some of them didn’t provide account numbers.
“It was agreed that brokers would now update information in respect of their clients.
“The information has to do with account number, BVN, either email address or GSM number.
“The information would be transmitted to CSCS, and it will also update their own information in its system and send it to the registrars.
“There will be no transaction in respect of any account that information is not updated.
“There will be zero tolerance because the brokers would be given a time frame to update the information,” Uduk said.
Edited By: Oluwole Sogunle
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- Research outfit releases findings on Nigerians’ response to COVID-19 pandemic
- Commentary: Ghost of McCarthyism back in the United States?
- VSF donates PPE, COVID-19 palliatives worth N120m to Ekiti govt, 2,060 homes
- Telecom firms now to pay N1 per km for digital connection in Kwara
- COVID-19: Students beg FG to reopen schools
- Nigeria’s ICT sector accounts for 14.07 pct of GDP in Q1: minister
- Russia criticizes police violence against journalists covering U.S. protests
- Egypt’s army kills 19 “terrorists” in restive North Sinai
- Ukraine reports 468 COVID-19 new cases, total over 23,600
- Christians obey govt’s directive on partial reopening of worship centres in Ondo
- PSG sign striker Icardi on permanent deal — Inter
- Imota rice mill ready by end of 2020-LASG
- Israel detects severe damage to Eilat’s coral reef in Red Sea
- Feature: Newly-weds tie knot without wedding parties in Syria
- PDP sweeps Benue LG polls
- Tackle COVID-19 in Kogi: Rep tells governor
- BSO says Executive Order 10 has stopped governors from acting as emperors
- Akwa Ibom discharges 2 COVID-19 patients
- Pentecost Sunday: Catholic priest urges Nigerians to pray against COVID-19
- Ondo 2020: Ex-PDP official joins race, promises people-oriented programmes
- Turkish businesses prepare to resume operation amid COVID-19 normalization
- Turkey inaugurates new hospital for COVID-19 patients
- Ebonyi to shut down some of its social media groups from June 2 — Official
- Philippine Stock Exchange to reopen trading floor on June 1
- Afghanistan records 680 new COVID-19 cases
- UNIBEN reacts to rape, murder of 100 level student
- At least 10 killed in Somalia roadside blast
- Interview: Innovation cooperation between Israel, China has bright prospect: university president
- Africa’s COVID-19 cases surpass 140,000 mark: Africa CDC
- Economic Watch: China PMI data shows fresh signs of recovery amid COVID-19 control
- UAE reports 661 new COVID-19 cases, 34,557 in total
- Ghana’s COVID-19 cases reach 7,881
- COVID-19 cases in Belarus rise to 42,556
- Artist seeks protection of online intellectual property right
- COVID-19 cases in Philippines surge past 18,000 with 862 newly reported cases
- Mumbai to remain under lockdown with few relaxations till June 30
- Nigerian resident doctors issue ultimatum for strike amid COVID-19 fight
- Anti-COVID-19 restrictions among East Africa countries boon for Kenyan farmers
- Malta ready to act as bridge between EU, Libya to tackle illegal migration: PM
- Daily COVID-19 death toll in Netherlands drops to 5, lowest since March 16
- Zimbabwe steps up security measures at quarantine centers, border areas
- Japan gov’t rules out imminent return of emergency for Tokyo, Fukuoka over COVID-19
- Nepal confirms 1st death of child from COVID-19
- Fireman Labbadia reviving Hertha’s fortunes
- Iran produces advanced test kits to detect COVID-19 in Saliva: report
- 3 children drown at dam in central Vietnam
- COVID-19: Monarch seeks lockdown extension
- Anglers fish on opening day of fishing season in India
- Stimulants worth over 13 mln USD seized in Myanmar
- Rivers awards N3.9bn convocation arena project in UNIPORT– Gov Wine’s aide
- Belgian prince contracts coronavirus after attending party breaking Spanish restrictions
- Malta to reopen airports, ports on July 1
- Community leader lauds El-Rufai for banning “Almajiri school”
- Asia-Pacific region continues keeping watchful eye on COVID-19 pandemic
- 35 cases in COVID-19 cluster infection in German city Gottingen
- FG begins 2020 systematic maintenance of all Lagos bridges, drains evacuation
- Iran’s speaker rules out talks, compromise with U.S.
- Israeli defense minister apologizes over Palestinian’s death
- COVID-19: NIMR lauds firm for donating medical equipment
- San Francisco announces curfew for Sunday night after protests
- Al-Aqsa Mosque reopened after 70 days of closure amid COVID-19
- IPMAN mourns Baru, condoles family, NNPC management
- Israeli PM warns new restrictions amid fresh coronavirus outbreak
- Kuwait records 27,043 COVID-19 cases, 212 deaths
- Iran’s COVID-19 cases reach 151,466, with 7,797 deaths
- Spanish gov’t to ask for sixth, final extension of State of Alarm
- COVID-19 cases surge to 174 in Zimbabwe
- Bayern favourites to win champions league, says Berbatov
- Lagos Govt. moves toward reopening of economy — Official
- Financial Autonomy: Presidential committee tasks governors on strict compliance
- AU, UNICEF condemn killing of health workers in Somalia
- Dugbe Inferno: Property owner, victims laud Makinde over cash donation
- Laos focuses on treatment of 3 remaining COVID-19 patients
- COVID-19: Wife of Nigerian patient stranded abroad cry for help
- Australian soldiers formally accused of war crimes in Afghanistan
- India’s Modi urges citizens to stay alert to virus as lockdown eases
- Malaysia reports 57 new COVID-19 cases, 7,819 in total
- EU should assume more responsibility in global fight against pandemic, says Merkel
- UNICEF dispatches medical shipment to Yemen’s Sanaa to confront COVID-19
- Bangladesh sees highest single-day increase in COVID-19 cases, death
- Pakistan’s COVID-19 cases rise to 69,496 with 1,483 deaths
- 75th anniv. of victory in Great Patriotic War marked in Minsk, Belarus
- India records 182,143 COVID-19 cases, 5,164 deaths
- COVID-19: Gynaecologists decries rising fatalities among medical workers
- Russia’s COVID-19 cases exceed 400,000
- Alleged Rape: Police arrest 11 suspects in Jigawa
- 1st LD Writethru: Seven killed in huge roadside blast in Somalia
- Botswana to lift alcohol sales ban
- L.A. declares state of emergency as protests over killing of George Floyd turn violent
- Indonesia reports 700 new confirmed COVID-19 cases, 40 new deaths
- Nationwide League director felicitates with Sunday Dare at 54
- Thailand to receive Chinese-built, unmanned train next month
- Uganda records highest daily increase in COVID-19 cases
- New Zealand reports no new COVID-19 case for 9 consecutive days
- ICT contribution of 14.07% to Nigeria’s GDP unprecedented – Pantami
- Rwanda reports its first death from the new coronavirus
- Feature: Chinese drones help reseed Australian wilderness in wake of bushfire
- COVID-19: 21 patients discharged from Oyo isolation centre
- Spotlight: Protest over death of George Floyd continues in Colorado despite curfew
- Paramedics take part in parade to commemorate medical personnel died in Mexico City
- People take part in demonstration in Jerusalem
- People attend drive-in open-air musical show in Colombo, Sri Lanka
- CLO commends FG, I-G for creating additional police zonal command in south-east
- Over 90 pct of Israeli startup companies face funding slowdown: survey
- Afghan farmer harvests wheat on outskirts of Kunduz city
- Unrest sweeps U.S. over George Floyd’s death
- Abducted Nasarawa CAN chairman regains freedom
- Several passengers killed in huge roadside blast in Somalia
- Farmers plow and sow grain seeds in Akmol village, Kazakhstan
- Kyrgyzstan reports 26 new COVID-19 cases, total reaches 1,748
- Los Angeles declares state of emergency after protests over killing of George Floyd turn violent
- Spotlight: Washington faces blast at home, abroad for “terminating” ties with WHO