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Oyo begins free medical services today

Oyo begins free medical services today

IBADAN—The Oyo State Government has announced that another in the series of Governor Abiola Ajimobi free health mission starts today at the Adeoyo Maternity Teaching hospital, Yemetu, Ibadan.

FG, regulators need proactive measures to attract diversified investors –

FG, regulators need proactive measures to attract diversified investors –

If the Federal Government remains committed to the financing of infrastructure deficit; this can done through the capital market. One of the major challenges businesses are facing is poor infrastructure which consume a large chunk of their revenues. The Federal Government should ensure that the capital expenditure of the 2017 budget is dedicated to improving infrastructure to enhance the ease of doing business in the country and for businesses to become productive and move towards economic recovery.

Herdsmen invade mosque in Niger, kill 21

Herdsmen invade mosque in Niger, kill 21

Minna—THE unbelievable happened in Gbara Ward, Mokwa Local Government Area of Niger State, Saturday night, when herdsmen invaded Etogi community mosque and killed 21 people.

Herdsmen invade Delta community again, kill 5

Herdsmen invade Delta community again, kill 5

OLEH—SUSPECTED herdsmen, weekend, invaded farmlands at Ossissa community, Ndokwa East Local Government Area, Delta State, killing five natives of Ossissa, Utagba Uno and Aballa communities in the state.

FBN Merchant Bank records 29% increase in profit

FBN Merchant Bank records 29% increase in profit

FBN Merchant Bank Limited, a subsidiary of FBN Holdings Plc, said it its profit before tax (PBT) rose by 29 per cent to N4.92 billion in the financial year ending December 31, 2016 from N3.83 billion in the previous year.

Speculation, I&E window impede Naira appreciation

Speculation, I&E window impede Naira appreciation

A combination of speculative attack against the naira in the parallel market and activities in the newly introduced Investors and Exporters (I&E) forex window are impeding further decline in the parallel market exchange rate below N385 per dollar. Prior to the 100 per cent increase in dollar supply to BDCs, from $20,000 to $40,000 per BDC, the parallel market exchange rate dropped to N380 per dollar.

Recession:  Directors pay package drops 13%

Recession: Directors pay package drops 13%

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.

Insurance regulator should  be consistent in sanctioning  local content defaulters – Omosehin

Insurance regulator should be consistent in sanctioning local content defaulters – Omosehin

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.

Almakura proscribes ASUSS over distruption of WAEC, NECO  exams

Almakura proscribes ASUSS over distruption of WAEC, NECO exams

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.

ICT facility contract scam: Katsina sacks SUBEB Director, EMIS staff

ICT facility contract scam: Katsina sacks SUBEB Director, EMIS staff

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.

Africa Re, Continental Re, 15 others sponsor 44th AIO

Africa Re, Continental Re, 15 others sponsor 44th AIO

AFRICAN Reinsurance Corporation, Continental Reinsurance Plc and 15 other organisations have extended corporate sponsorship to the 44th African Insurance Organisation (AIO) coming in Kampala, Uganda next week.

Unilever shareholders okay N378m dividend

Unilever shareholders okay N378m dividend

Shareholders of Unilever Nigeria Plc have unanimously endorsed its Board of Directors’ proposal to pay N378 million dividend for the financial year ended December, 2016.