Nigeria’s CNG investment deficit dips as inappropriate pricing sets in
By Sebastine Obasi There are indications that Nigeria’s compressed natural gas, CNG, deficit may not abate in the near future as inappropriate pricing, poor state of infrastructure and non-existence of a regulating agency are yet to be settled. Outlining these challenges during a visit to NIPCO facilities in Benin, Edo State, Managing Director, NIPCO Gas […]
Encomium as Omolara, 12 baskets CEO turn 40
It was an atmosphere of joy as friends, families, relatives and staff of 12 Baskets Foods poured encomiums on Mrs Omolara Afolaranmi, Chief Executive Officer of the company as she joined ruby jubilee club
UBA records 13% earnings growth, N111bn profit
United Bank for Africa Plc, UBA, has announced its audited results for the full-year ended December 2019, recording impressive growth across top and bottom lines.
Sweden bans Iran flights over coronavirus
Sweden’s transport authority Monday halted direct flights to and from Iran on the advice of health officials who said Tehran was “not in control” of the outbreak of the new coronavirus on its soil. The Swedish Transport Agency announced it was temporarily suspending the flight permits of Iran Air — currently the only airline flying […]
Indemnity: A key underlying principle of insurance
Insurance by tradition provides a safety net for the survival of businesses and individuals in society. The significance of this role cannot be overemphasized. The sector’s contribution to the GDP has been on the upward trajectory across countries with different jurisdictions and regulations.
US coronavirus death toll rises to six, all in Washington state
The number of US deaths from the novel coronavirus rose to six on Monday, all in the state of Washington, officials said, signaling the contagion has taken root in the Pacific Northwest. Five of the six were from King county, the most populous in the state and home to Seattle, a city of more than […]
Don’t escalate crisis, striking parklane doctors chide Enugu govt
By Dennis Agbo Striking Resident Doctors of Enugu State University Teaching Hospital, ESUT-TH, has told the state government to forget threats and blackmail to comply with long-negotiated salary structure, in other to save lives and deescalate crisis in the state health sector. Public Relations Officer of Association of Resident Doctors, ARD ESUT-TH chapter, Dr. Christian […]
Analysts dismiss impact of VAT on stock investment, call for reverse incentive
Executives at the Securities and Exchange Commission, SEC, and the PriceWaterhouseCoopers, PwC, have said that reinstatement of Value Added Tax, VAT, charges on the stock market and the subsequent increase to 7.5 percent is unlikely to undermine investment in the capital market.
Fury as Kanye West hymn service pushes out transgender show
US rapper Kanye West was at the centre of a storm Monday after a Paris show by an acclaimed transgender performer was cancelled at the last minute to make way for one of his religious services. The mercurial singer took over the Bouffes du Nord theatre in the French capital for one of his famous […]
25 killed in South African bus accident
Twenty-five people died Monday when a bus rolled down a steep embankment in South Africa’s coastal Eastern Cape province, the country’s transport minister said. “Reports indicate that the driver lost control of the bus, which subsequently rolled down a steep embankment, leaving 25 dead and approximately 62 injured,” Fikile Mbalula said in a statement. “To […]
Investors lose N517bn in 2 days over coronavirus announcement
The equities market recorded another huge sell-off today following the announcement, Friday, of first coronavirus case in Nigeria with investors losing N219 billion at the close of trading.
Coronavirus death toll tops 3,000 as airlines cut flights
The global death toll from the new coronavirus topped 3,000 on Monday, as airlines cancelled or reduced flights and stock markets swung wildly. Andorra, the Czech Republic, Indonesia, Jordan, Latvia, Portugal, Tunisia and Saudi Arabia were among countries that confirmed their first cases, along with Senegal, which became the second sub-Saharan African country to do […]
Saudi Arabia announces first case of coronavirus
Saudi Arabia on Monday announced its first case of the new coronavirus, a Saudi national returning from Iran through Bahrain, the Health Ministry said. The ministry said on its official Twitter account that the individual, who is in quarantine in hospital, had not disclosed his visit to Iran when entering Saudi Arabia. Iran has reported […]
Investors should watch out for red flags
Investment in stocks is both art and science. Every analysis of a company has a qualitative and quantitative perspective. Therefore, the role of securities dealers, narrowly referred to as stockbrokers, cannot be ignored.
Guinea-Bissau army urged to stay neutral in power struggle
A bloc of West African countries called Monday on Guinea-Bissau’s army to remain neutral in the country’s deepening political struggle, which has seen two presidents vying for power following a disputed run-off election in December. The 15-nation Economic Community of West African States (ECOWAS) said it “firmly condemned” the latest developments in the country, which […]
Six Mali soldiers killed in checkpoint attack ―Army
Six Malian soldiers died and 10 were injured when militants armed with rocket launchers attacked a checkpoint in a central region of the conflict-torn nation, the army and a local official said Monday. The attack on Sunday night at Mondoro resulted in “six deaths, 10 injuries and material damage,” the army said on Twitter. It […]
