Davido’s Zimbabwean pal, Ginimba, dies in auto crash

Top Nigerian music star, Davido, lost his good friend, Genius Kadungure, also known as Ginimbi, early Sunday, November 8, 2020, morning in Harare, Zimbabwe. According to sources, Genius was on top speed in one of his luxury vehicles, which also had three other passengers. Ginimbi, known for his wild All White Parties, was involved in a head on collision between 5 and 6am with his car bursting into flames and the other passengers burning beyond recognition. He was a businessman into gas and other ventures. In one of the videos…

Read More

NAICOM to sustain FG’s renewed confidence in insurance

…unveils real-time digital portal Following the confidence recently expressed by the Federal Government in the nation’s insurance industry, the management of National Insurance Commission (NAICOM) has promised to sustain the tempo in order to make insurance occupy its rightful place in the economy. Disclosing this on Thursday during a seminar organised for insurance journalists in Uyo, Akwa Ibom state, the Commissioner for Insurance, Mr. Sunday Thomas, reaffirmed that the commission would not disappoint Nigerians as a way of sustaining the confidence President Muhammadu Buhari recently reposed in the sector following…

Read More

NSE: Investors gain N812bn In Sept

Stocks trading on the Nigerian Stock Exchange (NSE) on Wednesday closed the month of September on the positive note with a gain of N812 billion.   In a sharp contrast to the record sell-off across global markets, Nigerian equities recorded positive, crossing 26,000 points for the first time since March 2020. Boosted by remote trading, gradual ease of lockdown and monetary policies of the Federal Government, the equity market defied the negative impact of the continuous spread of CODIV-19 in the Nigerian economy as investors leveraged on undervalued stocks. Investigation…

Read More

UBA unveils online entertainment, lifestyle radio

Pan- African financial institution, United Bank for Africa (UBA Plc), continues to lead in innovation with the launch of its dynamic and creative Online Radio channel – RED Radio. RED Radio, powered by UBA is a lifestyle web platform that has been set up to inform, educate, entertain and to bring to the fore, the best of Africa. Much like its sister platform, REDTV, RED Radio is expected to showcase the best in lifestyle, entertainment, music, news, comedy and fashion. Speaking on the launch of RED Radio, Group Chairman of…

Read More

NSE records N2bn loss

Trading activities on the floor of the Nigerian Stock Exchange yesterday witnessed another drop in share prices as bears tightened further their grip on the local bourse following sell-off in stock market. Also, the local bourse sustained negative breadth, recording 17 gainers against 19 losers. Consequently, the All-Share Index dipped 47.65 basis points or 0.18 per cent to close at 25,550.31 index points as against 25.597.96 recorded the previous day while market capitalisation of equities depreciated by N2 billion from N13.352 trillion the previous day to N13.597.96 trillion as market…

Read More

AIICO Insurance projects N62.23bn gross premium

AIICO Insurance Plc is targeting to achieve N62.23 billion gross premium income for the fourth quarter ending December 2020.     In its Q4 earning forecast obtained from the Nigerian Stock Exchange (NSE), the insurance firm also projected N11.24 billion as profit after tax and N11.33 billion as profit before tax for the period.     AIICO Insurance reported gross written premiums of N31.9 billion, representing 26 per cent rise from the same period in 2019 (Q2’19: N25.4bn).     According to the insurance firm, the growth was driven by…

Read More

FBN Insurance brokers hosts SMEs’ risk mgt, cybersecurity webinar

FBN Insurance Brokers Limited, a subsidiary of FBN Holdings Plc, will today hosts a webinar to sensitise SMEs on risk management and cyber security. According to a press release, seasoned experts on insurance brokerage, cyber security and risk management will spearhead discussions at the webinar. The event, which is themed, “Risk Management and Business Continuity amidst COVID19,” is scheduled for 10:00a.m, the statement said. Speaking on the event, Olumide Ibidapo, MD/CEO FBN Insurance Brokers, said: “SMEs remain the engine of growth of any economy, especially developing ones like ours and…

Read More

Group hunts unqualified teachers In Nigerian schools

Teachers Registration Council of Nigeria (TRCN), said the council will be going after unqualified teachers in public and private schools, across the country, as soon as schools fully reopen. The council further explained that grace periods have been given to the unqualified teachers to try and meet up with demands, yet there are still records of many unqualified teachers teaching in various schools. This was made known by the Registrar/CEO, Prof. Josiah Ajiboye. He stated that out of four million teachers in the various institutions in Nigeria, only over two…

Read More

Okomu Oil employs 1,250 smallholder farmers

Foremost Nigerian palm oil processing firm, Okomu Oil Palm Company Plc., has concluded plans to add not less than 1, 250 new jobs to its operation.   Specifically, the arrangement involves the firm rolling out a smallholder farmers’ scheme in collaboration with 2SCALE.   It involves cooperatives, spanning four local government areas in the state, on the back of Governor Godwin Obaseki’s agricultural reforms.   According to a news report, a cross section of stakeholders on the project disclosed this in Benin City, at the company’s Diagnostic and Design Workshop…

Read More

Unemployment: NUFBTE president cautions FG over technology influx

  ***says NLC’ll act appropriately on electricity, fuel price hike The National President of National Union of Food Beverage & Tobacco Employees (NUFBTE), Comrade Lateef Oyelekan, has called on the Federal Government to be wary of modern technology that has the capacity to deepen unemployment in the country. Addressing the media during the week, Oyelekan, also faulted reports of factionalisation in the union. Expressing worries over the power of Artificial Intelligence on employment, he reminded the Federal Government that Nigeria was still a developing country where more people still need…

Read More