Category: News

Hospital Faults Chimamanda’s Narrative On Son’s Death

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We extend our deepest sympathies to Chimamanda Adichie and family on the demise of their son and acknowledge the profound and unimaginable loss they are experiencing during this deeply distressing time. The loss of a child is beyond words, and we offer our most heartfelt condolences to his parents and the entire family. We find it necessary, for the record, to clarify that some of the reports currently being circulated contain inaccuracies. Our facility is a reputable centre for complex medical care, led by an internationally trained and experienced clinical…

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Kidnappers Overwhelm Esan Land As Traditional Rulers Trade Indigenes For Cow Gifts

Gideon Myek

Students of Ambrose Alli University and indigenes of Ekpoma have in the last three days taken to the streets  in the university community to protest unprecedented invasion by criminals of Fulani extraction, who have been kidnapping students and indigenes with ease. According to reports reaching newsfieldglobal, the once peaceful agrarian and small scale business community has become a shadow of itself as the kidnappers have taken over and making life miserable for everyone even as men and officers of the Nigeria Police Force look the other way. Sources in the…

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US Revokes Nobel Laureate, Wole Soyinka’s Visa

Justina Emmanuel Opara

The United States of America has revoked the visa of Nobel laureate, Professor Wole Soyinka. Soyinka said on Tuesday that the United States of America had made his entry into the country impossible for now. He disclosed this during a media parley held at Kongi’s Harvest Gallery, Freedom Park, Lagos Island, saying he was unaware of any wrongdoing that could have warranted the revocation. “It is necessary for me to hold this conference so that people in the United States who are expecting me for this event or that event do…

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Catholic Bishop Resigns Aftet Vatican Uncovers Affairs With 17 Women

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A prominent Catholic bishop, Ciro Quispe López, has resigned following a Vatican investigation that uncovered allegations of romantic relationships with at least 17 women, including a nun and a lawyer. López, 51, was regarded as a respected cleric before the scandal erupted. According to The Times, the relationships came to light after tensions among his alleged partners led to a confrontation. One of the women — reportedly a nun — became jealous of another lover, a lawyer, and leaked details of the bishop’s affairs to a third woman, sparking the…

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Nigeria Trails In African Insurance Market Provisional Turnover Ranking

Justina Emmanuel Opara

A new report by Atlas Magazine has placed Nigeria in 8th position among top 10 African countries with projected market turnover of $73.42 billion. The estimates by the Magazine put Nigetia’s market share in Africa at 1.4 per cent. The rankings show that the sector is dominated by South Africa, followed by Morocco, Kenya, Egypt, and Algeria. These five countries account for a total market share of 87 per cent in 2024, while the top 10 countries underwrite 93.6 per cent of the continent’s premiums. Other countries listed include Tunisia,…

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Mining: EBID Invests $120m Financing Facility In Ghana’s E&P To Acquire Black Volta

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The Board of Directors of the ECOWAS Bank for Investment and Development (EBID)has approved a $120 million financing facility for Engineers & Planners Limited (E&P), a leading indigenous mining and construction firm in Ghana, to acquire the Black Volta Gold Mine. A statement made available to this medium by Anita SOMDA of the communication and external relations unit, EBID, said this transaction marked a significant step toward establishing Ghana’s first fully indigenous, wholly owned mining company, aligning with global standards for local participation and sustainable resource development. The transaction, which started…

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Tax Reforms: Opportunity To Rebuild Fiscal Compact, Promote Equity—Expert

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…says women still face structural disadvantages A development economist and fiscal governance expert, Professor Chiwuike Uba, has commended the signing into law of the tax reform bills. Describing the reforms as a historic opportunity to rebuild fiscal compact, promote equity as well as restore public trust, he said Nigeria’s tax system had long been a microcosm of the country’s wider governance dysfunction—characterised by a narrow tax base, over-taxed wage earners, chronically under-taxed elites, a vast informal sector, and public mistrust rooted in decades of poor service delivery and corruption. He,…

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IHG Hotels And Resorts Strengthens Presence In West Africa With Signing Of Crowne Plaza Lagos

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IHG Hotels & Resorts, one of the world’s leading hospitality companies, has announced the signing of Crowne Plaza Lagos Ikeja, a 119-rooms hotel scheduled to open in early 2028 under a franchise agreement with Watercress Hotel International Limited and to be operated by Valor Hospitality Partners, a global leader in integrated hotel management and operations solutions, and one of IHG’s trusted partners. The signing represents a strategic milestone in IHG’s expansion across the African continent and reinforces its commitment to strengthening its presence in key cities. Strategically located in Lagos’…

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Elumelu: Africa needs massive capital for investments

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…we continue to support critical projects that uplift communities   The Founder, The Tony Elumelu Foundation, Mr. Tony Elumelu, has reaffirmed that African continent needs massive capital for investments. Elumelu, also the Chairman of United Bank for Africa (UBA), stated this on his X handle while reflecting on his visit to Abidjan, Côte d’Ivoire, for the launch of @UnitedCapital’s West African headquarters. According to him, “yesterday, I was in Côte d’Ivoire to mark a new milestone in our pan-African journey: launching @UnitedCapital’s West African headquarters. This is a major step in our mission…

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African Banker Awards: Cardoso emerges Central Bank Governor Of The Year

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Cardoso Following reforms initiated in the last two years as the head of Central Bank of Nigeria (CBN), the Governor, Olayemi Cardoso, has emerged the Central Bank Governor of The Year at the African Banker Award. The awards ceremony, which held last night on the sidelines of the African Development Bank Annual Meetings in Abidjan, Côte d’Ivoire, and attended by 500 of the continent’s leading lights in banking and finance, saw Cardoso winning the prize in the keenly contested category. According to a statement issued by the organisers, Cardoso has…

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