As recession pummeled corporate financials, about 54 leading companies quoted across the sectors of the Nigerian Stock Exchange, NSE, took a 12.9 per cent cut on their emoluments and other remuneration packages in 2016 financial year, FY’16.

China’s main stock indexes extended gains on Friday morning, as the central bank’s move to inject funds amid liquidity worries offered some solace.

The local content law was not made today. The problem with our sector has not been lack of regulation; it is lack of enforcement of those regulations. Issuing a new directive is reiterating and putting on the front burner those regulations that already exist. Hence, the regulator has just stepped up on the things that they should be doing. Some measure of enforcement coupled with sanctions when there are breaches will help bring back operators onto the line.

LAFIA— GOVERNOR Umaru Tanko Almakura of Nasarawa State, has proscribed the activities of Academic Staff Union of Secondary Schools, ASUSS, in the state, after accusing the body of disrupting the last Saturday’s Joint Admission and Matriculation Board, JAMB, and National Examination Council, NECO, examinations in the state.

KATSINA—A Director in the Katsina State Universal Basic Education Board, SUBEB, and a senior staff in the Education Management Information Services, EMIS, (names withheld) have been sacked over alleged supply of scrap computers and internet facilities of N138 million in the state’s education board.