Health Workers Get N112.5m Insurance Cover

**As Authority’s Infrastructure Intervention Excites Reps Committee Chairman The Nigeria Sovereign Investment Authority on Monday received members of the House of Representatives who were in Lagos to inspect projects undertaken by the Authority and their impact on the economy. Key areas of focus for the Lagos visits were Healthcare, Infrastructure and Agriculture. The Ad-hoc Committee was constituted by the House of Representatives to investigate the activities of the Nigeria Sovereign Investment Authority (NSIA) since the inception of the Authority. The committee during the visit hailed the management of the NSIA on their intervention in the healthcare sector. The members of

By Dipo Olowookere African governments have been charged to adopt “a more innovative model of primary health delivery with grassroots-focused universal health coverage structure that is customised to suit the peculiarities” of the continent. This advice was given by the Chairman and chief executive of Elkris Group, Dr Elliott Scott Omose, during a media chat with newsmen over the weekend. The healthcare practitioner, who described primary healthcare in Africa as non-existent, said the continent has the capacity to deliver quality service to its citizens. Mr Omose is also the founder of PreDiagnosis International, an innovative public healthcare management non-profit organisation

By Adedapo Adesanya The co-founder and CEO of Drugstoc, Mr Chibuzo Opara, has been crowned winner of the Central and Eastern Europe, Middle East, and Africa (CEMEA) edition of the Visa Everywhere Initiative (VEI), a global open innovation program and competition for start-ups and fintech companies. The helmsman of the startup that leverages technology, supply chain management, financial solutions, and product knowledge to enhance access to healthcare in emerging markets will take home the $20,000 prize. Mr Opara will now compete against the other regional champions from North America, Latin America, Europe, and Asia-Pacific at the VEI Global Finals, which

By Adedapo Adesanya The value of the Naira to the United States Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market went down on Thursday, January 2, 2020. It was the first trading day of the new year and the local currency closed bearish after depreciating by 0.08 percent or 28 kobo during the session to close at N364.79/$1 compared with N364.51/$1 it traded at the previous session. The depreciation recorded at the investors window yesterday came despite a decline in the value of transactions printed. Data from the FMDQ indicated that the turnover reduced

By Modupe Gbadeyanka Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Mr Dakuku Peterside, has appealed to the Shell Petroleum Development Company (SPDC) not to relocate its corporate headquarters from Port Harcourt, Rivers State capital. Mr Peterside’s appeal comes as the Rivers State government last Wednesday, through its Attorney-General, Mr Emmanuel Aguma, petitioned the Senate over the “planned relocation” of SPDC headquarters from Port Harcourt to Lagos. Speaking on the issue, Mr Peterside stated that if the petition of Rivers State government against Shell is true, then it portends grave consequences for the state. The 2015 All Progressives Congress

By Dipo Olowookere A new online registration portal to make the process of profiling professionals in the financial reporting sector in the country easier has been launched by the Financial Reporting Council of Nigeria (FRC) in line with the federal government’s executive order on ease of doing business. The new platform was unveiled in Lagos recently by the Executive Secretary of FRC, Mr Daniel Asapokhai,who said the new portal supersedes the one introduced in 2013. The FRC chief said the new registration platform will ensure members’ names appear on the online register of professionals, making it easier for members of

By FSDH Research There are investment opportunities in the Federal Government of Nigeria Savings Bonds (FGNSB) as they offer attractive returns and low investment risk for low income earners. The FGN introduced the FGNSB in March 2017 to provide an avenue for the low income earners to invest their money to earn consistently good return over time. The FGNSB is also an initiative of the FGN to encourage savings among Nigerians, while it accesses capital for long-term projects. The FGNSB is open for subscription to the investing public on the first week of each month. The minimum investment in the

By Investors Hub Asian stocks gave up early gains to end mixed on Thursday as investors awaited Chinese GDP data for direction. China’s Shanghai Composite Index climbed 31.24 points or 0.9 percent to 3,475.91 after data showed that China’s property market remained largely stable in December despite tough purchase restrictions. Hong Kong’s Hang Seng Index rose 138.53 points or 0.4 percent to 32,121.94. Data released after the markets closed revealed that the Chinese economy grew an annual 6.9 percent in 2017, up from 6.7 percent in 2016. Industrial output accelerated slightly in December, while retail sales slowed and fixed-asset investment

By Adedapo Adesanya The Naira appreciated against the United States currency in the black market, the Peer-2-Peer (P2P) and the Investors and Exporters (I&E) segments of the foreign exchange market on Monday, March 6. Data obtained by Business Post showed that in the parallel market, the Nigerian currency gained N4 against the US Dollar yesterday to quote at N748/$1, in contrast to last Friday’s rate of N752/$1. Also, in the peer-to-peer segment, the domestic currency was strengthened against its American pair by N9 to settle at N755/$1 compared with the preceding session’s value of N764/$1. Similarly, in the official market window,

By Dipo Olowookere Transactions at the Investors and Exporters segment of the foreign exchange (forex) market on Wednesday ended on a negative note. Business Post reports that Naira depreciated against the Dollar at the forex window yesterday by 0.05 percent to settle at N360.42 in contrast to N360.23/$ of the previous session. But at the interbank segment of the market, the local currency traded flat against the Dollar to quote at 306.95. At the black market, the Naira also closed the same way it was exchanged in the previous day at N360 to a Dollar. It was a similar situation

By Dipo Olowookere Despite the market breadth, which measures investor sentiment, closing positive on Monday due to the 17 price gainers and 15 price losers recorded, the stock market closed negative. The market depreciated during the opening trading session of the week by 0.21 per cent, reducing the year-to-date return to 30.63 per cent at the close of business. Business Post reports that the All-Share Index (ASI), which ended at the previous session at 35,137.99 points, decreased by 73.63 points yesterday to settle at 35,064.36 points. Similarly, the market capitalisation, which closed last Friday at 18.365 points, went down on