FG begins work on N12bn Umuahia-Bende-Ohafia Road project
Rep. Ben Kalu (APC), representing Bende Federal Constituency in the House of Representatives, said on Tuesday that the Federal Government has begun the reconstruction of the Umuahia-Bende-Ohafia Road. Kalu said this while briefing traditional rulers and political stakeholders on his performance at the National Assembly during a town hall meeting/empowerment programme held in Bende, the […]
AIICO’s rights issue records over-subscription
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 […]
Troops kill 15 bandits in Kaduna-Abuja road, Katsina
…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 […]
Diaspora Remittances into Nigeria fall 27% to $12.9bn
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 […]
NAICOM, NIA disagree over recapitalisation of insurance firms
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 rises to $47B in CoinMarket Cap
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 […]
