By magnus onyibe When Donald J Trump’s tumultuous presidency ends on 20 January 2021, he would be handing over to president elect, Joseph R Biden, a United States of America, USA, that has degenerated from first to third world. That is remarkable because, the trend has always been for a country to move from third […]

By Rosemary Onuoha AIICO Insurance Plc said that its rights issues recently opened to shareholders have been oversubscribed. According to the company, this is yet another milestone achievement in its recapitalization journey. In a statement, the company said: “Recently, the Company conducted its rights issue exercise listing 4,357,770,954 ordinary shares of Fifty Kobo (N0.50) each […]

…Foil bandits’ attempt to move rustled cattle By Bashir Bello & Ibrahim HassanWuyo NINE bandits were reportedly killed by troops in Kaduna State in a gun battle while attempting to cross over from the eastern part of the Kaduna-Abuja road to the western part, with a large herd of rustled cattle, yesterday. This came as […]

By Babajide Komolafe Diaspora remittances into Nigeria fell by 27 percent, year-on-year (y/y) to $12.9 billion as at September 2020 from $17.6 billion in the corresponding period of 2019. The 27 percent decline is 3.9 percentage points higher  than the 23.1 percent decline projected by the World Bank for the Sub Sahara Africa region in […]

By Rosemary Onuoha The National Insurance Commission, NAICOM, and the Nigerian Insurance Association, NIA, have disagreed over the appropriate recapitalisation model for insurance firms. While NAICOM has stipulated the general capital requirements for the different categories of the insurance business and mandated that operators must meet the requirements by December 2021, the NIA is canvassing […]

ZUGACOIN capital base has been estimated at 47 Billion Dollars by CoinMarket Cap. With this enormous rise, Bitcoin no longer occupies the space of the most powerful and leading cryptocurrencies in the world. ZUGACOIN traded above 48,000 Dollars while Bitcoin traded on the highest ever price of above 28,000 Dollars. The currency which is first of […]

…As court dismisses PDP’s suit against Ize-Iyamu By Ikechukwu Nnochiri The Independent National Electoral Commission, INEC, yesterday, tendered in evidence before the Federal High Court in Abuja, the nomination form Governor Godwin Obaseki filled and submitted for the purpose of the governorship election that held in Edo State on September 19. Justice Ahmed Mohammed admitted […]

By Rosemary Onuoha Mutual Benefits Assurance Plc has received shareholders’  approval to raise additional capital in order to meet the recapitalisation requirement of the National Insurance Commission, NAICOM. Accordingly, the underwriter is embarking on a private placement to raise additional N4.8 billion, from its existing investors who have shown interest to increase their stake to […]

By Emmanuel Elebeke To overcome the challenge of huge demand for the National Identification Number, NIN, with a large crowd visiting the National Identification Management Commission, NIMC, enrolment centres nationwide, the commission  has adopted booking system for NIN enrolment. A statement, yesterday, by the Commission’s  Head of Corporate  Communications, Mr Kayode Adegoke, said it adopted […]

***Says FG has abandoned retirees to die, suffer By Victor Ahiuma-Young Maritime Workers Union of Nigeria, MWUN, has decried the protracted delay in the payment of pensions and terminal benefits to the former employees of the defunct Nigerian National Shipping Line, NNSL, lamenting that the affected ex-NNSL staff have been going through untold hardships leading […]