AIICO Insurance Mulls N3.5bn Rights Issue

By Aduragbemi Omiyale The sum of N75 million has been disbursed to 15 small and medium-sized businesses (SMBs) in Nigeria to support their expansion drive. The funding package was given by Google’s Hustle Academy, with beneficiaries drawn from various industries, including agriculture, and fashion, among others. The 15 Nigerian small business owners were among the 5,300 entrepreneurs who graduated from the academy, designed by the tech giant to provide an avenue for participants to enhance their business skills and knowledge, and contribute to the growth of the continent’s economy. The recipients of the funding support are Ifeoma Augusta Anselem of

By Adedapo Adesanya The duo of NASD Plc and Central Securities Clearing System (CSCS) Plc sank the NASD Over-the-Counter (OTC) Securities Exchange by 0.04 per cent on Thursday, November 23. They caused the NASD Unlisted Security Index (NSI) to lose 0.35 points at the close of transactions, ending at 845.81 basis points compared with Wednesday’s closing value of 846.16 points. Also, the market capitalisation of the exchange went down by N460 million to remain relatively flat at N1.147 trillion. During the session, NASD Plc shed 65 Kobo to end the day at N12.65 per share versus the midweek session’s N13.30

By Dipo Olowookere The positive momentum witnessed at the Nigerian Exchange (NGX) Limited continued on Monday with a 0.17 per cent leap at the close of business. Buying pressure, particularly in a few blue-chip equities, kept the bulls at Customs Street during the trading session, though the consumer goods space succumbed to profit-taking by 0.99 per cent. But hope was kept alive by the gains reported by the other key sectors of the market, with the banking counter growing by 1.71 per cent, and the industrial goods index appreciating by 0.01 per cent, while the insurance and energy sectors remained

By Ifeanyi Emeka Since the nineteenth century, the theory of objectivity in journalism has been considered as the chief cornerstone in mass media practices. During the last decade, both communication scholars and practitioners began to contest the main notion embedded in this concept. Despite the different shapes of opinion among academics and journalists about the paradigm of objectivity when it comes to setting up professional criteria on this concept, one thing that still remains firmly entrenched in the practice of journalism is the fact that objective and impartial reportage of issues and events creates room for just and peaceful societies.

By Adedapo Adesanya The Nigerian Stored Products Research Institute (NSPRI) has started the distribution of storage facilities to five pilot states of Kwara, Kogi, Niger, Edo and Delta. This was disclosed at the distribution event on Wednesday in Kwara State by Mrs Patricia Pessu, the Executive Director of the Institute. She statedthat the gesture was aimed at adding value and boosting the socio-economic development of farmers in the benefitting states. According to her, the agency has the mandate to conduct researches, build capacities and disseminate research output on post-harvest management of locally produced agricultural crops. She explained that the facilities

By Dipo Olowookere President Muhammadu Buhari on Wednesday, August 24, 2016, presided over the Federal Executive Council (FEC) meeting. The meeting took place at the State House in Abuja. In attendance were members of cabinet of the President Buhari-led administration, including the Vice President, Professor Yemi Osinbajo.

By Sodeinde Temidayo David Stanbic IBTC Holdings has continued to receive different acknowledgements and awards for its outstanding contribution to the Nigerian financial industry and economy. In the recent statistical update of the National Bureau of Statistics (NBS), Stanbic IBTC Bank Plc emerged at the top of capital investment in Nigeria in the second quarter of the year with $310.21 million, which accounts for 35.43 per cent of the total capital inflow in the period. In addition, Stanbic IBTC Bank emerged again as the Best Sub-Custodian Bank in Nigeria at the 2021 edition of the Global Finance Best Sub-Custodian Bank

The Norwegian Refugee Council (NRC) has warned that overcrowded displacement camps coupled with a lack of basic sanitation facilities and hygiene will cause another cholera outbreak in northeast Nigeria if action is not taken now to prevent it. A record high number of 10,000 cases of cholera was recorded in northeast Nigeria in 2018, with more than 175 registered deaths, although the actual number may be higher. “If the camps are not decongested and sanitation facilities improved, cholera will inevitably return, and vulnerable displaced people will bear the brunt of the epidemic again,” warned Eric Batonon, NRC’s Country Director for

By Adedapo Adesanya  Africa Public Health Foundation has announced the appointment of Dr Ebere Okereke as its Chief Executive Officer (CEO). With her wealth of experience spanning 30 years as a global health physician in various fields, notably in the United Kingdom, Kenya, Ethiopia, Nigeria, and Trinidad & Tobago, the foundation says she brings a depth of expertise in leadership, change management, system strengthening and organizational development. This also includes programme design and implementation team building, stakeholder engagement and management communication, training, advocacy, report writing, presentation and, generally technical expertise in public and global health. She has co-authored e-learning resources

By Modupe Gbadeyanka Speaker of Edo State House of Assembly, Mr Esezobor Okonoboh, has declared his support to the Federal Ministry of Health’s Nigeria Product Supply Chain Management Programme (NPSCMP), which is aimed at ensuring equitable distribution of drugs and other health commodities to the states. Mr Okonoboh made this statement during a penetration and advocacy visit by a team from the health Ministry led by Chinwe Okoroanyanwu in his office in Benin City, Edo State. He advised the state’s Commissioner and the Permanent Secretary of Health to ensure that the Ministry has a well-coordinated Logistics Management Coordination Unit (LMCU)

By Dipo Olowookere For the first time in over a decade, precisely in 14 years, shareholders of Wema Bank Plc will receive reward for their investment in the company. Last Friday, the financial institution released its earnings for 2018 and the board recommended the payment of cash dividend of 3 kobo per share to shareholders. However, this dividend payment is subject to approval of shareholders at the Annual General Meeting (AGM) later in the year. An analysis of the financial scorecard of Wema Bank indicated that the lender pushed its gross earnings up by 9.59 percent to N71.5 billion from