Новости за 11.07.2024

The Nigerian equity market continued to bleed for the third consecutive day this week as investors lost N2.18bn on Wednesday.  The All Share Index and the market capitalisation dipped marginally by 0.004 per cent to close at 99,802.08 and N56.46tn, respectively.  On Monday, the Nigerian Exchange resumed the week with a loss of N8.62bn due

The National Human Rights Commission has raised the alarm over the sudden increase in reported human rights violations for June 2024. The Executive Secretary of the NHRC, Anthony Ojukwu (SAN), who stated this during the commission’s sixth dashboard meeting held at its headquarters in Abuja on Monday, attributed the surge in complaints to growing awareness

A former acting Accountant-General of the Federation, Anamekwe Nwabuoku, on Wednesday, pleaded with Justice James Omotoso of the Federal High Court in Abuja to give him more time to conclude the refund of the public funds allegedly looted by him and his co-defendant. Nwabuoku and his co-defendant, Felix Nweke, are facing 11 counts of money

AS the world celebrates the 2024 World Population Day themed, ‘Interwoven Lives, Threads of Hope: Ending Inequalities in Sexual and Reproductive Health and Rights’ today, it should be a springboard for the Nigerian government to improve on population data gathering, analysis and use, for everyone to exercise their human rights and reach their full potential.

The Federal Ministry of Environment and Nigerian Exchange Limited have collaborated to address environmental issues in the country. This collaboration aims to leverage the capital market to fund green projects aimed at promoting sustainability and environmental protection. This was disclosed by the chairman of NGX Group, Umar Kwairanga, at the ‘Launch of the NGX Impact

United Capital Asset Management, a subsidiary of United Capital Plc, has introduced the United Capital Stable Income Fund, a naira-denominated mutual fund designed to offer low-risk, stable returns for high-value investors amidst market volatility. In a statement made available to The PUNCH, the new fund targets qualified institutional investors and high-net-worth individuals, offering a minimum

No fewer than 10 states across the federation received a boost of 50 per cent or more in their monthly allocation from statutory federal funds, Findings by the PUNCH have shown. This was as 12 out of the 36 states received an increase of 40 per cent or more in their monthly allocation. According to

AIICO Insurance Plc has surpassed N200bn in claims and benefits settlements over the past five years. A review of AIICO’s claims and benefits settlements from 2019 to 2023 indicated that within the five years, the firm paid about N200.9bn with the highest payout made in 2021 (N47.3bn), followed by 2023, when it paid out N46.5bn.

Maritime stakeholders have lamented Nigeria’s inability to exploit its fishing industry to drive economic growth. The stakeholders spoke on Wednesday at the first annual conference and third annual general meeting of the Alumni Association of the Federal College of Fisheries and Marine Technology in Lagos. The event was themed “Unlocking the Potential of the Blue

The founder and Managing Director of Fidson Healthcare Plc,  Dr. Fidelis Ayebae, has stated that the firm’s expansion strategy was motivated by its conviction that it could help the nation’s pharmaceutical industry flourish. Ayebae said this during the 25th annual general meeting of the company, held recently in Lagos. He credited the growth of the

There are many benefits in fighting climate change, but for a country like ours, the major incentive should be the poverty-eradication potential. Millions of citizens would be lifted out of poverty when they are connected to modern green energy services and when the government equitably manages the potential job losses in the oil sector resulting

The Chief Justice of Nigeria, Justice Olukayode Ariwoola, on Wednesday, described conflicting orders from judges of coordinate jurisdiction as embarrassing, saying a measure had been activated to deal with erring judges. This was as the CJN called on the judiciary to do the right thing when called upon to adjudicate disputes that may emanate from

The vast ocean of global investment holds immense opportunity, but hidden risks lurk beneath the surface. Unpredictable challenges can quickly turn ambition into uncertainty. This is where a skilled private banker becomes an indispensable guide. An high-net-worth individual or ultra-high-net-worth individual deserves more than generic solutions. They deserve a trusted advisor who can navigate the

Artificial intelligence is revolutionising the business world, opening up new paths for growth and innovation across various industries, JUSTICE OKAMGBA writes Adopting AI can bring significant advantages, such as improved operational efficiency, enhanced customer experience, and increased revenue growth. By leveraging AI-powered predictive analytics, businesses can make data-driven decisions. Moreover, automating routine tasks with AI

Marketers have been urged to prioritise understanding customer needs before embracing new technologies. This was part of the fallouts of the Markhack 3.0 conference, with the theme ‘Beyond Limits: Unleashing Creativity with Emerging Tech’, held in Lagos recently. According to a statement, MarkHack 3.0, hosted by the Eko Innovation Centre in collaboration with GDM Group

A near physical confrontation between the Minister of Women Affairs, Uju Kennedy-Ohanenye, and the House of Representatives Committee on Women Affairs and Social Development was averted on Wednesday at the National Assembly Complex, Abuja, where the minister appeared to clarify the controversy surrounding the alleged diversion of N1.5bn, meant for the payment of contractors by

A man wanted in connection with the murder of three women on Tuesday evening – the wife and two daughters of a BBC journalist – has been found following a manhunt. Kyle Clifford, who police warned may have been armed with a crossbow, was found in the Enfield area of north London on Wednesday afternoon

The Lagos Sexual Offences and Domestic Violence Court sitting in Ikeja has sentenced a 34-year-old businessman, Oluwafemi Asekeji, to life imprisonment for sexually assaulting his 12-year-old daughter. This was disclosed in a statement by the Lagos State Domestic and Sexual Violence Agency, obtained by our correspondent on Wednesday. According to the statement, the presiding judge,

Green Energy International Limited, the operator of Otakikpo Field PML11 in Rivers State, has won the Best Indigenous Oil and Gas Company of the Year award, at the just-concluded NOG Energy Conference held in Abuja. GEIL was honoured for its “consistent innovation for energy integration in the oil and gas industry”. The company also won

NIGERIA’S power sector is shabby, inefficient and has led to wasteful expenditure outcomes. With gross infrastructure deficits and ineffective systems, homes and industries spend trillions of naira annually to provide alternative power. According to the Minister of Power, Adebayo Adelabu, Nigerians spent 60 per cent of the 2024 federal budget on buying generators and fuelling

The Lagos State House of Assembly on Wednesday conducted a public hearing on a new State Electricity Bill 2024, which aims to repeal the existing 2018 power sector reform law. Geared towards taking advantage of the 2023 Electricity Act, the bill aims to address electricity challenges, improve energy sustainability and foster economic growth in the

The National Security Adviser, Mallam Nuhu Ribadu, said on Wednesday that the Federal Government is planning to establish a special directorate to address the security challenges in the oil-rich Niger Delta. Ribadu said the initiative, being undertaken by his office, was in line with the mandate of President Bola Tinubu to ensure the security of

The Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency, Brig. Gen. Buba Marwa (retd.), has approved the promotion of no fewer than 5,042 personnel of the agency. In the promotion list, two senior officers were elevated to the rank of Deputy Commander General of Narcotics, 22 were promoted to Assistant Commander General of

The Minister of Education, Prof Tahir Mamman, has promised to negotiate with the teaching and non-teaching workers of the Nigerian universities. This was in response to the ongoing protests by the Academic Staff Union of Universities, Senior Staff Association of Nigeria Universities and Non-Academic Staff Union of Educational and Associated Institutions. The unions are demanding,

The House of Representatives, on Wednesday, made a U-turn on its call on the Federal Government to suspend the implementation of the Samoa Agreement following the raging allegation of a same-sex clause. The spokesman for the House, Akin Rotimi, said the lawmakers never asked the Federal Government to suspend the agreement, saying they were misquoted