General Atlantic, Others Pump $40m into Reliance Health

By Modupe Gbadeyanka The Lagos State House of Assembly has called for the immediate arrest of a doctor who performed surgery on a boy, Adebola Akin-Bright, whose intestines went missing in the process of going under the knife. At the plenary on Tuesday, the parliament urged the Lagos State Governor, Mr Babajide Sanwo-Olu, to provide funds for the treatment of the boy outside the country. It was alleged that the 12-year-old Adebola underwent surgery at a private hospital, Obitoks Medical Centre, in the Alimosho area of the state. He is currently at the Lagos State University Teaching Hospital (LASUTH) receiving

By Adedapo Adesanya Nigeria has started the introduction of the human papillomavirus (HPV) vaccine into its routine immunization system, aiming to reach 7.7 million girls in a drive against the virus that causes nearly all cases of cervical cancer. Girls aged 9–14 years will receive a single dose of the vaccine, which is highly efficacious in preventing infection with HPV types 16 and 18 that are known to cause at least 70 per cent of cervical cancers. In Nigeria, cervical cancer is the third most common cancer and the second most frequent cause of cancer deaths among women aged between

By Adedapo Adesanya In order to scale up the kind of cross-border payment services that financial institutions and businesses need, Fliqpay’s vision is simply to create a world where the transfer of value is immediate and simple. The fintech company is building a suite of payment infrastructure that allows global businesses operating in Africa and around the world to transact internationally in multi-currencies. The service provides a safe and secure way for businesses to make payments while offering multiple digital currency-fiat conversions at the best exchange rate possible. Fliqpay leverages blockchain technology to significantly reduce the transaction cost by up

By Adedapo Adesanya The Nigerian government has rallied support for the President of the African Development Bank (AfDB), Mr Akinwumi Adesina, in light of recent challenges facing his leadership. This was contained in a letter by the Minister of Finance, Budget and National planning, Mrs Zainab Ahmed, urging the board of the AfDB to ignore calls for an independent investigation of Mr Adesina. Mrs Ahmed called on chairman of the AfDB board of governors, Mrs Kaba Niale, to follow laid down processes to protect and preserve the bank heritage. She said:  “The call for an independent investigation of the president

By Adedapo Adesanya Linkage Assurance Plc paid N2.450 billion claims in the first eight months of 2021 to its numerous customers that suffered losses during the period under review. According to the figures made available by the company, between January 2021 and August 2021, fire claims accounted for the highest share with N869 million or 35.5 per cent of the total N2.5 billion claims. Other payouts included N369 million on oil and gas risks, while another N247 million was paid on engineering risks. For motor claims, the company paid N493 million for the same period. Further breakdown of the claims

By Adedapo Adesanya Nigeria’s exports exceeded the total imports in the third quarter of this year as the country recorded N5.93 trillion in total exports, while total imports hit N5.66 trillion in the same period, indicating a trade surplus as the country’s exports exceeded its imports. This happened amid a decline in total trade as Nigeria’s total trade stood at N11.59 trillion in the period, lower than the value recorded in the second quarter of 2022 (N12.84 trillion) but higher than the value recorded in the corresponding period of 2021, which stood at N10.47 trillion. In the quarter under review,

By Ebun-Olu Adegboruwajan The emerging trends of events in The Redeemed Christian Church of God in the past 24 hours, is beginning to give cause for serious concern. Very recently, elections were held in The Gambia and the opposition was declared the winner. The incumbent President called to congratulate the winner and conceded defeat. But before the President-elect could be sworn in, President Jamel recanted and has now thrown the West African nation into crisis. On Saturday, January 7, 2017, Pastor Enoch Adeboye, told all ministers gathered at the Annual Ministers Conference, that the Church now has a new General

By Adedapo Adesanya The federal government has disclosed that the country will soon receive £4.2 million seized from the associates of convicted former Governor of Delta State, James Ibori, by the United Kingdom. This was disclosed by the Attorney General of the Federation and Minister of Justice, Mr Abubakar Malami, on Monday, in a statement issued by the Special Assistant on Media and Public Relations in the Office of the AGF, Mr Umar Gwandu. Mr Malami noted that any moment from now, Nigeria will get the fund, adding that the government was working tirelessly to ensure the return of looted

By Dipo Olowookere It was another 0.13 per cent growth on the floor of the Nigerian Exchange (NGX) Limited on Thursday as investors intensified their demand for local equities, though the market breadth remained negative. Business Post reports that the exchange ended the trading session with 30 price losers and 14 price gainers, but bargain hunting in Okomu Oil, FBN Holdings and others ensured that Nigerian stocks rallied. According to data harvested from the bourse, the consumer goods counter dropped 1.57 per cent, the banking index fell by 1.30 per cent, the industrial goods space decreased by 0.03 per cent,

By Adedapo Adesanya The sugar plan of federal government has received a huge boost following the Sunti Sugar Estates investment in Mokwa, Niger State. Minister of Industry, Trade, and Investment, Mr Niyi Adebayo, paid a courtesy visit to the plantation on Thursday, December 12, 2019. During the visit, the Minister expressed surprise at the level of investment at Sunti Golden Sugar Estates, describing it as the largest under the Sugar Backward Integration Policy of the federal government. He said the plan of the President Muhammadu Buhari-led administration was put in place to attract over $1 billion annually in local and