Category: Top Stories

‘How developers can avoid waste during construction’

Dayo Ayeyemi

In an attempt to build houses for personal or public use, many developers have got their fingers burnt for failing to play by the rules. Dayo Ayeyemi reports. In what could be referred to as a case of penny wise pounds foolish, a nine-storey building, still ongoing, has been marked for demolition in Lagos State on the account that its developers failed to secure appropriate statutory permits before commencing development. Many housing developers have been cut in this web, hence the need for necessary steps to avoid such pitfalls. The building,…

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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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Man keeps 21 severed vaginas in his freezer

admin

 A man who was allegedly found with 21 pieces of female genitalia in his freezer has appeared in court. Peter Frederiksen, 63, Danish, was arrested after 21 mutilated vaginas were allegedly found in his home. Surgical equipment and anaesthetic drugs were also said to have been found in the property. It’s believed his wife, 28-year-old Anna Matseliso Molise, told police he drugged her and cut off private parts of her anatomy while she was incapacitated.  She was due to testify but was gunned down and killed while leaving her house…

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Oil theft: New Nigeria Foundation demands urgent intervention

Stella Okofi

A non-governmental organisation, New Nigerian Foundation (NNF), has called on stakeholders in the oil and gas sector, the Federal Government as well as the media to work towards curbing the menace of oil theft in the country. The foundation, while lamenting the security costs, environmental damage and loss of investments in the Niger Delta region as a consequence of oil theft, revealed that an estimated $55 billion dollars had been lost to the sabotage over the last decade. According to OilPrice.com, Nigeria ranked Number 1 in the top five countries…

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Innoson: Supreme Court judgement against GTB, no one else

Stella Ofiko

As embattled first generation bank, Guaranty Trust Bank, battles to redeem its battered image over N8.8 billion judgement debt, the management of Innoson Vehicles Manufacturing Limited. has said the recent Supreme Court judgement is entirely against the bank. IVM’s clarification becomes necessary following GTB’s attempt to deploy legal technicalities to confuse members of the public through a statement issued at the weekend. According to the bank in a statement signed by Erhi Obebeduo, “the judgment allegedly in issue is in respect of Garnishee Proceedings against the account of the Nigerian…

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Supplementary elections: CISLAC berates deliberate sabotage

Sunday Ojeme

The Civil Society Legislative Advocacy Centre (CISLAC) has condemned in totality the open display of lawlessness and rascality involving indiscriminately massive deployment of hoodlums in the conduct of supplementary gubernatorial election in Kano state. In a statement made available to Newsfieldglobal, the civil society organisation said while election constituted a formal citizenry decision-making process by which a population chooses a credible individual to hold public office, “we find it disturbing that citizens’ choices and decisions were largely influenced and determined by high incidences of vote-buying facilitated by hoodlums and party…

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Five-year-old Nigerian girl molested in Dubai hotel

admin

A cleaner stood trial in the Dubai Court of First Instance on Sunday on charges of sexually abusing and performing an indecent act with a five-year-old girl. The Nigerian girl was lying down on a sofa at a hotel apartment in Deira where she lives with her family. Her parents had left her with her grandmother, when the Pakistani cleaner sought permission to clean the apartment. The girl’s grandmother took her two siblings into another room. By the time, she returned to check on the girl, the cleaner had left…

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