Business news
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 […]
India’s Train Crash: What We Know Three trains, with more than 2,200 people onboard, were involved in the crash in Odisha State, the deadliest such disaster in decades. The death toll approached 300. A train crash in eastern India on Friday was the country’s worst rail disaster in two decades, killing more than 270 people […]
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Ahmed Tinubu to “set up a presidential panel of enquiry to promptly probe the grim allegations that US$2.1 billion and N3.1 trillion public funds of oil revenues and budgeted as fuel subsidy payments are missing and unaccounted for between 2016 and 2019, as documented by […]
Builds Momentum As Profit Grows By 21% In Q1/2023 Nigeria’s retail lender Unity Bank Plc has posted a Profit Before Tax of N1.1 billion for its full-year results that ended Dec 2022, even as its gross earnings rose by 13.1% to N57 billion from N50.2 billion in the corresponding period of 2021. The Bank in […]
The Nigerian National Petroleum Company Limited (NNPC) has disclosed that with the subsidy removal policy now being fully implemented, the volume of petrol consumed daily in Nigeria may drop by 30 per cent. The country has a history of unreliable fuel consumption data, even as the current figure is estimated to be currently between 66 […]
The Securities and Exchange Commission has expressed its determination to deepen and diversify the capital market in a bid to create more wealth for investors and Nigerians as well as stimulate economic growth. This was stated by Director General of the SEC, Mr. Lamido Yuguda during a meeting weekend. He stated that when capital markets […]
The Board of Directors of Wema Bank Plc. has appointed Dr. (Mrs.) Oluwayemisi Olorunshola as it’s new Chairman This follows the retirement of the current Board Chairman, Mr. Babatunde Kasali, having attained the retirement age in line with the Bank’s Articles of Association. Dr. (Mrs) Oluwayemisi Olorunshola joined the Bank as a Non-Executive Director in […]
AIICO Insurance Plc, one of Nigeria’s leading insurance firms, has refuted a news story by some online media (Not this medium) that the company was dragged to court over a breach of contract. A statement by the management of the Company made available to this medium today, described the story as an allegation, sensational and […]
The 2nd edition of Cycling Lagos, one of the biggest cycling competitions in Africa has been scheduled to hold between October 21 and 28, 2023. The event which is expected to further promote cycling as a major sporting activity in the country was designed to encourage Nigerians to embrace the culture of riding bicycle in […]
Managing Director of Bullion Go-Neat Global limited, Ambassador Olufemi Ajadi Oguntoyinbo, has said that that CICAN deserved commendation for its sustained advocacy reportage of the real sector over the years. He said CICAN had nurtured generations of seasoned journalists who had gone on to play key roles in other aspects of the nation’s life, urging […]