Channels Television Closes Nigerian Stock Exchange Trading

Channels Media Group – Closing Gong Ceremony

Nigeria’s leading broadcaster, Channels Television, on Wednesday, closed trading at the Nigerian Stock Exchange.

This was part of a week-long line up of events to celebrate the station’s 21st anniversary.

Channels Television began the daily reportage of the domestic stock market and the entire financial markets in April 1996, just about a year after it started operations.

Over the past two decades, the broadcaster has been an integral part of Nigeria’s market evolution, and development, covering the automation of the stock market, the banking sector, and the ongoing transformation of the entire financial system.

The closing gong was sounded by the Chairman of the Channels Media Group, Mr John Momoh, at 2:30 pm.

Mr John Momoh in his address of  welcome, said, “today is a great day for us. It is a very significant day in the sense that it is serving as a pivot for the celebration of our 21st anniversary”.

Chairman CEO of Channels Television , Mr John Momoh (M), the Vice Chairman, Mrs Sola Momoh and officials of the Nigerian Stock Exchange

According to him, “it is the first time on this stage, not the first time on the floor, I have been here 20 years ago, in 1996.

“It is more like déjà vu for me.”

He went on to assure the Nigerian Stock Exchange of continued partnership in order to realise the kind of economy that the nation envisions.

CEO Nigerian Stock Exchange, Oscar Onyema, also congratulated the management and staff of Channels Television for its efforts over the years and for emerging as the best Television Station for the year, for over 10 years.

Operation ‘Eagle Eye’: Navy Arrests Suspected Oil Thieves

Operation 'Eagle Eye': Navy Arrests Suspected Oil Thieves The Nigerian Navy has arrested five suspected oil thieves during their annual sea exercise code named exercise ‘Eagle Eye’.

The Navy also destroyed four illegal refineries set up at Ijawkiri in Rivers state during the operation.

In addition, the naval team destroyed five boats laden with products suspected to be crude oil, while another two barges suspected to contain crude oil, were handed over to the Economic And Finical Crimes Commission (EFCC), along-side the owners for prosecution.

The primary duty of the Nigerian Navy is to safeguard the nation’s waterways and that task has become more imperative in the face of attacks on oil facilities and oil bunkering in the Niger Delta region.

At the Onne federal terminal, the Chief of Defense Staff, General Gabriel Olonishakin, flagged off the ‘eagle eye’ operation, aimed at enhancing maritime security in Nigerian territorial waters.

According to him, eight naval patrol ships participated in the exercise as they began their inspection from Onne to bonny into the deep waters.

Tactical commander, operation eagle eye, Rear Admiral Muhammed Garba, explained that aside from patrolling critical oil infrastructure, the team demonstrated their readiness to tackle any threat by showing their prowess in various aspects of the tactical operation.

It was after the exercise that the Commander, Nigerian Navy ship pathfinder, Commodore Obi Egbuchulam, handed over two suspected oil thieves and two barges of suspected crude to the EFCC.

This is not the first of initiatives carried out to bring an end to sea crime in the Niger-Delta and Gulf of Guinea regions.

In November, ‘Exercise Sharkbite’, was also implemented to also tighten security around choke points in the maritime environment.

However, as the exercise ‘eagle eye‘ draws to a close it is expected that the lessons learnt would not only be applied by the naval personal, but would also yield positive results in the protection of Nigerian water ways both within the country and in deep sea areas.

Nigerian Navy Resumes ‘Exercise Eagle Eye’ To Tighten Sea Security

Nigerian Navy Resumes 'Exercise Eagle Eye' To Tighten Sea SecurityThe Nigerian Navy is embarking on a sea exercise, named ‘Exercise Eagle Eye’, which is aimed at assessing its operational capacity in the fight against internal and external aggression along Nigerian waterways.

The Chief of Naval Policy and Plans, Rear Admiral Jacob Ajani, flagging of the operation, explained that it is set against the backdrop of the increasing myriad of threats and insecurity within and around Nigeria’s maritime domain.

This, according to him, has indeed challenged the operational capacities of the Nigerian Navy.

Ajani explained in detail what the operation would entail.

This is not the first of initiatives carried out to bring an end to sea crime in the Niger-Delta and Gulf of Guinea regions.

In November, ‘Exercise Sharkbite‘, was implemented to also tighten security around choke points in the maritime environment.

The Flag Officer Commanding, Eastern Naval Command, Rear Admiral James Oluwole, then explained that Sharkbite was not to inconvenience law abiding seafarers, but to give the assurance that adequate measures are put in place to protect them as well as their properties.

This is coming as pipeline vandalism and high sea criminality in general have appeared to be on the increase.

A group called the Niger Delta Avengers have claimed responsibility for most of the attacks on the oil facilities and there have been several attempts to clamp down on the oil thieves.

However, also in November, traditional leaders and some indigenes of the Niger Delta, presented 16 things they were confident would end militancy and bring development in the region if the government will consider them.