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BREAKING: NSE Named World’s Best-performing Stock Market In 2020

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The Nigerian Stock Exchange (NSE) has been ranked 2020’s best-performing stock market among the 93 equity indexes being tracked by Bloomberg across the world.

According to the American news medium, Nigerian stocks are headed for their highest annual gain in seven years riding on low yields in the country’s fixed-income market.

The equities benchmark index in Nigeria recorded its best annual return since 2013, rising 45.7% in 2020.

In a note to clients on Tuesday, Chapel Hill Denham said investors’ appetite for riskier assets have remained strong due to persistent low yield on fixed-income instruments.

Bloomberg reports that this has been buoyed by traders positioning for Dangote’s share buyback programme due this week.

According to Chapel Hill Denham, equities will continue to outperform bonds in 2021 given the current overstretched fixed-income valuations.

The Lagos bourse gained 0.75% to 39,092 as of 13:47 p.m on Tuesday, to reach its highest level since June 2018.

The all-share index which opened at 38,800.01 inched higher by 310.16 points or 0.80 percent to cross the 39,000 mark and close at 39,110.17.

Also, the market capitalisation rose by N167 billion to close at N20.446 trillion compared with N20.279 trillion achieved on Thursday.

The rally was attributed to the dovish stand of the Central Bank of Nigeria (CBN).

In September, the apex bank reduced the base Monetary Policy Rate (MPR) by 200 basis points to 11.5 percent.

The move was to boost lending, discourage savings and drive growth to counter the effect of the pandemic on the economy, while also keeping rates low in the fixed income market.

Trump is Most Admired Man of 2020 – U.S. citizens rank Poll

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U.S. President Donald Trump for the first time edged out former President Barack Obama as the most admired man in America, a new Gallup poll showed on Tuesday.

“Trump tied former President Barack Obama for the honor last year but edged out his predecessor this year.

“Trump’s first-place finish ends a 12-year run as the most admired man for Obama, tied with Dwight Eisenhower for the most ever,” Gallup said in a statement.

When asked without any prompting who they regarded as the most admired man, 18 per cent of respondents named Trump, while 15 per cent picked Obama, 6 per cent chose President-elect Joe Biden, and 3 per cent selected top U.S. health official Dr. Anthony Fauci.

Gallup noted in the statement that Trump’s support among Republicans remains strong at 48 per cent, with no other man gaining more than 2 per cent of the party’s support.

Meanwhile, Democrats’ support for Obama declined from 41 per cent last year to 32 per cent this year, as party members split their votes, with 13 per cent naming Biden, and 5 per cent picking Fauci as the most admired man.
Independents were evenly split between Trump and Obama at 11 per cent, while 3 per cent named Biden, and 2 per cent picked Fauci.

Gallup pointed out that the incumbent president has topped the list 60 times out of the 74 times that the open-ended poll has been conducted since 1946.

As for the most admired woman, Michele Obama once again topped this year’s list.

Overall, 10 per cent of Americans named the former first lady, followed by Vice President-elect Kamala Harris with 6 per cent, and current First Lady Melania Trump with 4 per cent

(Sputnik/NAN)

Political office: Count Me Out-Bishop Kukah

The Bishop of Sokoto Catholic Diocese, Matthew Hassan Kukah, has insisted that he has no interest in partisan politics.

He stated this during a media briefing with journalists at St Bakhita Secretariat in Sokoto State on Monday.

Kukah also denied calling for a coup in Nigeria and said different lies were being peddled about in his name.

The cleric has been in the news ever since he published a Christmas message last week, accusing President Muhammadu Buhari’s administration of nepotism.

Bishop Kukah used the opportunity to make it clear that he has no interest in politics.

“I have no plan and will never play partisan politics for any reason.

“Those who link my message to partisan politics are only playing to the gallery.

“Take, for instance, brilliant Nigerian youths making comments about Chelsea or Arsenal and have never been to England, does that make them players of such club sides?

“So, why will someone think because Bishop Kukah is speaking therefore he is a politician? People who make this argument are totally ignorant of elementary politics and ignorant of the role of a Priest.

“The truth is that a lot of us have not seen a priest saying what I am saying. The truth of the matter is, we are all in politics, but party politics for me, no. I am not a member of any political party and I cannot be. If it comes to voting, I do my right,” he said.

Leave Bishop Kukah, fight bandits – Shehu Sani to Northern youths

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Shehu Sani, former Kaduna Central Senator, has called on youths in the North to fight bandits and leave Bishop of Sokoto Catholic Diocese, Mathew Kukah alone.

In his Christmas message, Kukah had accused President Muhammadu Buhari-led administration of nepotism.

He claimed that Buhari had sacrificed the dreams of Nigerians on the alter of nepotism and Northern hegemony.

But, the Coalition of Northern Groups, CNG, accused the clergyman of attempting to destroy the quest for national integration by instigating violence.

CNG said Kukah was using religion to cause disharmony and facilitate the further emasculation of Northern Nigerian Muslims.

However, Sani, in a tweet wrote: “My Dear Northern Youths; leave the Kukah in Sokoto and fight the Bandits in your shokoto.”

 Part of Bishop Kukah’s Christmas message read…\

“This government owes the nation an explanation as to where it is headed as we seem to journey into darkness. The spilling of blood must be related to a more sinister plot that is beyond our comprehension. Are we going to remain hogtied by these evil men or are they gradually becoming part of a larger plot to seal the fate of our country?

“President Buhari deliberately sacrificed the dreams of those who voted for him for what seemed like a programme to stratify and institutionalise northern hegemony by reducing others in public life to second-class status.

He has pursued this self-defeating and alienating policy at the expense of greater national cohesion. “Every honest Nigerian knows that there is no way any non-northern Muslim President could have done a fraction of what President Buhari has done by his nepotism and got away with it. There would have been a military coup a long time ago or we would have been at war. The President may have concluded that Christians will do nothing and will live with these actions.”

Breaking: Atletico Madrid Terminates Diego Costa’s Contract

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Spanish La Liga giants, Atlético de Madrid and Diego Costa have reached an agreement for the termination of the striker’s contract.

The striker’s contract was due to expire on June 30, 2021.

But he asked to leave the club for personal reasons a few days ago according to a club statement on Tuesday.

The statement disclosed that Costa signed the termination of his contract on Tuesday.

The club wished the former Chelsea striker the best of luck in the next stage of his professional career.

Since Costa arrived at Atletico in 2006 at the young age of 17, the forward played 215 official matches in two stages, scoring 83 goals and providing 36 assists.

During his time at the club, he won one LaLiga title (2013-14), one Copa del Rey (2013), one Europa League (2018) and two UEFA Super Cups (2010 and 2018).

“The club thanks Diego Costa for his dedication during these years and wishes him well in the next stage of his professional career,” Atletico added in the statement.

Pension Account: 1,286 Workers Withdraw N2.18bn In Q3

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The National Pension Commission (PenCom) has disclosed that a total of 1,286 workers under the Contributory Pension Scheme (CPS) withdrew N2.18 billion from the voluntary contributions in their retirement savings account (RSA) in the third quarter of 2020.

PenCom revealed this in its third-quarter 2020 report (July to September).

“During the quarter under review, the commission granted approval for withdrawal of the sum of N2.18 billion from the voluntary contribution accounts of 1,286 contributors,” part of the report reads.

The guidelines on voluntary contribution under the CPS stated that the main purpose of the Pension Reform Act 2014 is to introduce a pension system that is sustainable and has the capacity to achieve the ultimate goal of providing a stable, predictable and adequate source of retirement income for each employee in Nigeria.

It said, “The Pension Reform Act 2014 allows employees to make, voluntary contributions into their Retirement Savings Account, in addition to their mandatory pension contributions, with the sole aim of enhancing their retirement benefits.

1,286 Workers Withdraw N2.18bn From Pension Account In Q3

“Voluntary contributions under these guidelines shall be non-obligatory contributions made by any employee in the formal sector through the employer.

“Employees of organisations with less than three employees as well as self-employed persons as provided in Section 2 (3) of Pension Reform Act 2014 (PRA 2014) shall be covered under the guidelines for micro pensions.”

The commission said an employee must notify his employer in writing of his/her intention to make voluntary contributions and the amount to be deducted from his salary (not more than one-third of the monthly salary) and remitted as voluntary contributions.

Human Rights Concerns: EU Asks China To Release Citizen Journalist Zhan

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The European Union on Tuesday demanded that China release citizen journalist Zhang Zhan and several other jailed reporters, lawyers and human rights champions.

The EU statement was issued just ahead of Brussels signing a major investment pact with Beijing, despite concerns about China’s labour and civil rights record.

Zhang was jailed on Monday for four years over allegations of “picking quarrels and provoking trouble” during her coverage of the early stages of the Covid-19 outbreak in epicentre Wuhan, her lawyer said.

“Prior to her detention, Ms Zhang Zhan had been reporting about the coronavirus pandemic in Wuhan,” EU foreign policy spokesman Peter Stano said in a statement.

“According to credible sources, Ms Zhang has been subject to torture and ill-treatment during her detention and her health condition has seriously deteriorated. It is crucial that she receives adequate medical assistance.”

Brussels also demanded the release of Yu Wensheng, a human rights lawyer jailed on December 13.

“The European Union calls for the immediate release of Ms Zhang Zhan, of Mr Yu Wensheng and of other detained and convicted human rights defenders,” the statement said.

The statement listed Li Yuhan, Huang Qi, Ge Jueping, Qin Yongmin, Gao Zhisheng, Ilham Tohti, Tashi Wangchuk, Wu Gan, Liu Feiyue as well as all those who have engaged in reporting activities in the public interest.

Brussels’ concern for the fate of Chinese rights activists and independent journalists comes despite the EU’s push to sign a major investment pact with China this week.

Some MEPs have expressed concern that the deal, seven years in the negotiation, sends the wrong signal on human rights, but on Monday the 27 member states gave the European Commission the go-ahead to sign.

Freedom Of Speech: Dissent, An Integral Part Of Democracy

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In 2019, the Coalition for Whistleblowers Protection and Press Freedom (CWPPF) said it observed that “public officers and influential individuals were increasingly intolerant of critical reporting and fair comments by journalists.”

Several media outlets were also penalised on occasion for comments which were labeled anti-government.

Reporters Without Borders (French: Reporters sans frontières (RSF) says fifty journalists and media workers were killed in connection with their work in 2020, the majority in countries not at war.

According to RSF, the figure shows an increase in the targeting of reporters investigating organised crime, corruption or environmental issues, the watchdog said. The total number of journalists killed in 2020 was lower than the 53 reported in 2019, although RSF said fewer journalists worked in the field this year because of the Covid-19 pandemic.

In the first part of the report, published in December, RSF said it was concerned that measures imposed by governments to fight the pandemic had contributed to a “significant peak in violations of press freedom”.

It listed 387 jailed journalists, which it called “a historically high number”. Fourteen of those had been arrested in connection with their coverage of the coronavirus crisis, it said.

On Monday Chinese citizen journalist Zhang Zhan, who sent dispatches from Wuhan during the chaotic initial stages of the outbreak, was jailed for four years for “picking quarrels and provoking trouble”.

This war on the media is becoming more of a pandemic than anything else and is very much at play in Nigeria as well.

With the so-called fake news campaign and other plots to totally control and stifle the influence of the media, several journalists and media outlets have gotten their fingers burned.

In what civil society groups described as a gag on the media, the Federal Government recently charged journalists, including Jones Abiri and Omoyele Sowore, with treason and terrorism for engaging in social activism and practising Journalism. 

The governors of Cross River, Kaduna and Kano States also followed this trend by charging Agba Jalingo, Chidi Odinkalu and Nazir Ahmad respectively with offences of terrorism, cybercrime and criminal defamation. This happened in a society that should be practicing democracy, what is the colour nigeria’s democracy?

The draconian Social Media and Hate Speech Bills are further attempts to silence any form of opposition to anti-people policies. Several attempts have been made to pass these legislations which would end up eroding all forms of free speech by mainstream and social media.

Section 22 of the 1999 Constitution and several international instruments acceded to by Nigeria guarantee the right to press freedom as the media exercise their statutory duties.  Citizens also have the right to be informed in an unbiased manner.

Article 19 of the Universal Declaration of Human Rights, as well as Article 19 of the International Covenant on Civil and Political Rights (ICCPR), also guarantee the right to seek, receive and impart information and ideas of all kinds, either orally, in writing or in print, in the form of art, or through any other media. Dissent is an integral part of democracy and should not be snuffed out in the guise of any emergency situation. Issues of defamation can be dealt with on a case to case basis without truncating citizens’ right to expression of opinions. It must be pointed out emphatically, now more than ever before that the right to free speech and press freedom should not be sacrificed on the altar of docility.

Assailants shoot businessman dead over cigarette lighter on boxing day

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The Ondo State Police Command, on Monday, said it had begun investigation into the alleged killing of a businessman, Babatunde Olubasa, who was said to have been shot dead in a hotel in Akure on Boxing Day.

The 38-year-old Olubasa was allegedly murdered at the Helena Hotel in the Ijapo area of Akure, where he had lodged for the Christmas holiday.

The Police Public Relations Officer in the state, Mr Tee-Leo Ikoro, who confirmed that the matter was a case of assassination, said the Commissioner of Police, Mr Bolaji Salami, had ordered investigation into the incident, adding that operatives of the command were already on the trail of the assailants.

Ikoro said, “We have commenced investigation and trying to track down those who killed him. It’s an assassination. At the time it happened, there was nobody else at the bar, except the bar girl. The bar girl said three killers came into the hotel.

“The deceased lodged in that hotel and went out at some point in time. By the time he came back, the assailants were already at the bar drinking. When he got to the bar, the three guys asked for a lighter from him to light their cigarettes and he said no. It was at that point that they pulled out their guns and shot him. The assailants left the hotel when he gave up the ghost.

“We are on their trail right now. The Commissioner of Police has ordered a full investigation into the incident. To us, we are thinking it was an assassination. But the investigation will unravel all that happened.”

A source in the hotel stated that the deceased was shot dead at the bar during an argument with the killers over a cigarette lighter.

He said, “The killing of Tunde was a clear case of someone who had been targeted. The guys, who killed him, had requested a lighter from him at the bar. But he declined their request. Tunde’s reaction made them to engage him in an argument before opening fire on him.

“After shooting him, they also descended on him with a small axe to completely snuff life out of him.”

Meanwhile, the hotel was under lock and key when our correspondent visited the scene.

Cross-over services: CAN directs Lagos churches to close by 11pm

The Lagos State chapter of the Christian Association of Nigeria has directed all churches in the state to close their cross-over services by 11 pm on December 31, 2020.

The directive is contained in a statement signed by the Lagos State CAN chairman, Bishop Steven Adegbite.

It would be recalled that the Lagos State Government had ordered all worship centres in the state to suspend night services, vigils and cross-over events.

The state also announced a 12am to 4am curfew in the state.

Reacting to the order, CAN in its statement said, “As part of our responsibility as a law-abiding organisation and in response to the appeal made to us by the State Government, we hereby direct that all churches should ensure their services on 31st of December, 2020 end at 11:00 pm so as to allow attendees get to their respective homes and places of rest on or before 12:00 midnight when the curfew will start.