Category: News

Lagos entertainer shoots driver at party

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A Lagos-based commercial bus driver got more than he bargained for at the weekend when a celebrity popular called Aremo Gucci shot him on his ankle during an open party in Lagos. Trouble started after the open air party organised at Brainfield Event Centre along LASU/ISHERI road had ended and organisers and guests were trooping out when suddenly Gucci’s vehicle was, as usual, besieged by a group of street urchins popularly known as Area Boys. As soon as he noticed the crowd around him, and in order to find his…

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Women’s World Cup: Falcons beat South Korea 2-0

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The Nigeria Super Falcons took their chances against the run of play on Wednesday to beat South Korea 2-0 for rare success at the women’s World Cup to set themselves up to advance to the next stage of the tournament in France. A first half own goal at the Stade des Alps and a breakaway attack, brilliantly finished by Asisat Oshoala, ensured the Africa champions only their fourth win in eight World Cup finals appearances and a chance to go to the second round for just a second time. The…

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Couple found dead in hotel room

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An American couple found dead in their Dominican Republic hotel room while on vacation last week both suffered from respiratory failure, the country’s national police said. According to HUFFPOST, Edward Nathaniel Holmes, 63, and Cynthia Ann Day, 49, of Prince George’s County, Maryland, were reportedly found unresponsive in their room Thursday at Grand Bahia Principe Hotel in La Romana, roughly 75 miles east of Santo Domingo. Hotel staff members discovered their bodies in the room after the couple missed their scheduled checkout time and immediately contacted the local authorities, according…

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Rebranding: Why Nigerians need insurance

Sunday Ojeme

Barely two weeks after the insurance industry regulator, National Insurance Commission (NAICOM), announced a new capital base, operators in the industry have also intensified efforts at getting Nigerians from all walks of life, irrespective of gender and status to imbibe insurance as a lifestyle. Sunday Ojeme reports Again, insurance industry operators are intensifying efforts at giving more Nigerians the positive option of spending a little of their income on insurance as a platform for  recovery than suffering entire loss in the event of a disaster. The latest development, coming weeks…

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JUNE 12: Buhari renames Abuja Stadium after MKO

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President Muhammadu Buhari Yesterday, Wednesday renamed the Abuja National Stadium after late Moshood Abiola, the acclaimed winner of June 12, 1993 Presidential election. President Buhari made the announcement while addressing the nation on Democracy Day celebration in Abuja, noting that while alive, Chief MKO Abiola gave immense support to the development of sports in Nigeria and Africa so much that he was named and honoured as Africa’s Pillar of Sports. He recalled that Chief Abiola formed the Abiola Babes Football Club, which was based in Abeokuta and was one of…

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Improving real estate contribution to economy

Dayo Ayeyemi

Having exited narrowly from negative zone in Q1 of 2019 after 12 consecutive quarters, real estate stakeholders have identified some issues to activate activities and growth  in the sector. Dayo Ayeyemi reports  Shortly after the National Bureau of Statistics (NBS) released report  of performance of each sector of the economy for the first quarter (Q1) of 2019,  real estate professionals have identified gaps and suggested  ways to activate activities in their sector for improvement. Speaking with New Telegraph, some of the professionals blamed paucity of fund, high interest rates,volatile forex market,…

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Recapitalisation: Wapic shareholders approve increase in share capital

Sunday Ojeme

Shareholders of foremost underwriting firm, Wapic Insurance Plc, have given the board and management approval to increase the company’s authorised share capital ahead of NAICOM’s capitalisation deadline. The shareholders, who unanimously gave the approval during the company’s 60th Annual General Meeting in Lagos, also commended the outgoing Chairman of the underwriting firm, Mr. Aignoje Aig-Imoukhuede, for stirring the affairs of the company positively. Presenting the financial performance of the company to the shareholders the chairman said that Wapic grew from just over N4 billion gross premium in 2012 to close…

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Nigeria posts negative growth in Africa’s $67.7bn premium

Sunday Ojeme

PENETRATION Low insurance penetration in Africa still presents an opportunity for growth in the continent A survey conducted by chief executive officers of Africa’s primary insurers has listed Nigeria’s premium growth rate as negative alongside Algeria and Kenya, according to the 4th Africa Insurance Barometer. The growth rate is amid $67.7 billion premium posted by the continent’s underwriters in 2018. According to the survey, in Africa’s largest insurance markets, total real premium growth was positive in Egypt (+9.8 per cent), Namibia (+7.8 per cent) and Morocco (+3.0 per cent), stagnant…

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Fidelity Pension advises on early retirement plans

Sunday Ojeme

The management of Fidelity Pension Managers Limited has advised Nigerians to plan their retirement early and effectively as part of building a fruitful future. Giving the advice during Customers Interactive Forum at the University College Hospital (UCH), Ibadan, Oyo State, the Group Head, Operations of the Pension Fund Administrator (PFA), Mr. Olumuyiwa Afolabi, said that Fidelity Pension had made services easier and accessible to all clients to enable them retire happily. He said the interactive forum became necessary to create the platform to understand the challenges that customers face, and…

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ILO pushes for end to child labour

Sunday Ojeme

As part of its agenda to ensure a decent workplace, the International Labour Organisation (ILO) has further pushed for an end to child labour globally. Restating the position during the ongoing ILO Centenary in Geneva, Switzerland, ILO Director-General, Guy Ryder, said the way children are treated is a reflection of the societies and values, adding that the World Day Against Child Labour  provides an opportunity to take stock, define goals and recommit to action.  According to him, “our reflection this year – the ILO’s Centenary  – is particularly significant because the ILO has been…

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