Following the ongoing recapitalisation in the industry, the National Insurance Commission (NAICOM), is planning a palliative mechanism for underwriters, who could not recapitalise before the December 31st, 2020 deadline. The palliative, known as regulatory forbearance, would enable the undercapitalised firms form a consortium, by pooling all their resources together to form a strong single entity. […]

•Seeks stronger ties with Greece, others President Muhammadu Buhari yesterday expressed the willingness of his administration to implement the decision of the tripartite committee, made up of Nigeria, Benin and Niger, on the partial closure of the country’s land border once the report is ready. During an audience with the outgoing president of the ECOWAS […]

Ohanaeze Ndigbo yesterday raised the alarm over what it described as acts of provocation allegedly being perpetrated by armed herdsmen to cause disaffection and derail the peace in parts of Igboland. The group, in an open letter addressed to the Inspector General of Police (IGP), Adamu Mohammed yesterday, claimed that the way the gun-wielding nomads […]

Ailing Chinese national quarantined at Lagos Airport, no case established Two foreign nationals, who were suspected to have contacted the Coronavirus (COVID-19) from Asia, have tested negative to the disease in Lagos State, Chief Incident Commander of the virus, Governor Babajide Sanwo-Olu said yesterday. Sanwo-Olu disclosed that medical examination at the state’s bio-security facility conducted […]

Cross River State Governor Ben Ayade has sworn in Justice Maurice Eneji as Acting Chief Judge of the state without a endorsement of the National Judicial Council (NJC). His swearing-in yesterday followed a controversial session at the state House of Assembly on Monday having declined to confirm Justice Akon Ikpeme as substantive Chief Judge because […]

Governor Nyesom Wike yesterday inaugurated 17 new permanent secretaries in Rivers State.This comes as the House of Assembly screened and confirmed the nine commissioner-nominees whose names were submitted on Monday for clearance. The governor, while swearing in the permanent secretaries at the Government House, Port Harcourt, urged them to contribute to the rapid development of […]

Some beneficiaries of the Nigerian government empowerment programme N-Power on Tuesday protested at the Lagos Television, Alausa, Lagos State. The aggrieved beneficiaries accused the Lagos State Government of ignoring them in its recruitment processes. “We have volunteered for them for like three years and there is a lot of recruitment going on and we have […]

A team of researchers led by professor of Pharmacognosy from the University of Nigeria Nsukka (UNN), Maurice Iwu yesterday presented a plant-based patented treatment for COVID-19 to the Minister of Science and Technology, Dr. Ogbonnaya Onu. Iwu, who is also the Chief Executive Officer (CEO) of Bioresources Development Group (BDG), presented the cure to Onu […]

Guaranty Trust Bank plc has released its audited financial results for the year ended December 31, 2for019 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Profit before […]

Airlines is contacting aviation regulators worldwide to request that the rules governing use of airport slots be reviewed or suspended immediately for the 2020 season, due to the impact of the coronavirus (covid-19). The airlines, under the aegis of International Air Transport Association (IATA), made the call following the cancellation of over 2500 flights and […]

•Predict imminent economy recession Economic experts have described the creation of Nigeria’s Excess Crude Account (ECA) also called Escrow, by the federal government as not only fraudulent, but unnecessary, saying it lacks legal backing in the first place. They also said the uncontrolled withdrawals even when the crude oil prices are not below the nation’s […]

• Dreams of coaching Nigeria in future Former Super Eagles star, Emmanuel Amuneke believes the senior national team should by now be looking beyond qualifying for the African Cup of Nations and the FIFA World Cup, saying the country should be regular serious contender for the trophies. To this end, the Egypt-based coach wants the […]