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Day: June 5, 2023

Ardova Scheme Shareholders Approve The Transfer Of Shares At N17.88 Per Share

The shareholders of Ardova Plc, (the “Company”) at a Court Ordered Meeting held in Lagos, on Wednesday 31 May 2023, have approved the Scheme of Arrangement (“Scheme”), for the holders of its fully paid ordinary shares of 50 kobo each, subject to the approval of the Securities and Exchange Commission (“SEC”) and the Court. Each […]

NDIC SEEKS STAKEHOLDERS’ INPUTS TOWARDS ROBUST DIFFERENTIAL PREMIUM ASSESSMENT SYSTEM FRAMEWORK

Following the recent review of its Differential Premium Assessment System (DPAS) Framework, the Nigeria Deposit Insurance Corporation (NDIC) has sought input from critical stakeholders towards making the document more robust and all embracing. In a release by the Director, Communication and Public Affairs Department, Bashir Alhassan Nuhu, the NDIC said the Differential Premium Assessment System Framework was reviewed to make it more risk sensitive […]

Li Shangfu: China Accuses US Of ‘Provocation’ After Near Collision Of Warships

China’s defense minister on Sunday accused the United States and its allies of trying to destabilize the Indo-Pacific – just hours after warships from the two countries were involved in a near collision. In a combative speech to the Shangri-La Dialogue security summit in Singapore, Li Shangfu accused the US of “provoking bloc confrontation for […]

Delayed Mobility After CS May Lead To Death, Gynaecologists Warns

Gynaecologists have warned that delayed mobility after undergoing a caesarean section when there are no underlying health conditions can cause blood clots to develop, warning that this may lead to complications and eventually death, if not properly managed.   According to them, if the clot gets detached and travels from veins in the legs and […]

FG Bans Under 11 Children From Common Entrance Exams Into Unity Schools

The Federal Government has banned children below the age of 11 from participating in the National Common Entrance Examination for admission into Unity Schools, and made presentation of birth certificate a compulsory requirement for prospective applicants during registration. To this end, the Permanent Secretary, Federal Ministry of Education, Mr David Andrew Adejo, has directed the […]

OPEC+ To Cut Oil Output By 1.4m Barrels Per Day

The Organisation of the Petroleum Exporting Countries and allies led by Russia, has reached a deal on output policy after seven hours of talks on Sunday, deciding to reduce overall production targets from 2024 by a further total of 1.4 million barrels per day. Also, Saudi Arabia will make deep production cuts in July as […]

‘I Am Greatly Honoured,’ Adesina Says After UN Appointment

The President of the African Development Bank (AfDB), Dr Akinwumi Adesina has accepted his appointment by the United Nations in the fight against malnutrition.   On June 1, UN Secretary-General Antonio Guterres picked Adesina and 21 other leaders to spearhead the fight against malnutrition in all its forms as members of the Scaling Up Nutrition […]

Sweden Holds Its Maiden Sex Sports Competition On Thursday

Sweden has officially declared sex as a sport and finalised arrangements to launch its maiden sex tournament on Thursday, June 8. The contestants in the sex tournament will have daily sexual encounters that can last up to six hours. According to Swedish local media, a panel of judges will select the winners of the sex […]

Brain drain: Nigeria Must Increase Capacity To Train More Doctors – Hamzat

The Deputy Governor of Lagos State, Dr Obafemi Hamzat, says medical colleges in Nigeria must develop the capacity to train more doctors to bridge the brain drain gap in the sector. Hamzat spoke with Newsmen in Lagos on Sunday while reacting to the issue of the brain drain of medical experts in Nigeria. He said […]