archiveJune 22, 2020

Mutual Benefits Assurance Plc and its subsidiary, Mutual Benefits Life Assurance, paid combined claims amounting to N21billion in 2019, a statement said on Monday. The statement by the Insurance firm made available to the News Agency of Nigeria (NAN) in Lagos revealed that the company’s General Business paid N3.2 billion,...

FBN General Insurance Limited says it achieved 17 per cent growth in its total assets in 2019, translating to N11 billion as against N9.4 billion recorded in 2018. This is according to a statement made available to the News Agency of Nigeria, (NAN) in Lagos, on Monday, on the 4th...

Nigerian Aviation Handling Company Plc. (NAHCO) on Monday notified its shareholders that its 39th Annual General Meeting (AGM) scheduled for July 16 would be attended by proxy due to COVID-19 pandemic. Mr Bello Abdullahi, NAHCO Aviance Company Secretary, in a notice to the shareholders posted on the Nigerian Stock Exchange...

European shares fell on Monday as signs of resurgence in coronavirus cases in Germany and elsewhere unnerved investors who were hoping for a swift economic recovery from the crisis. The World Health Organisation reported a record increase in global coronavirus cases on Sunday. While Germany’s COVID-19 reproduction rate jumped to...

Justice Aisha Kumaliya of the Borno State High Court, on Monday, June 22, 2020, convicted and sentenced an assistant director in Borno State Ministry of Agriculture and Natural Resources, Usman Abaji to six months imprisonment for obstruction of justice. The convict was prosecuted by the Maiduguri Zonal Office of the...

The Nigerian Stock Exchange (NSE) said it has upgrade of its Data Portal (X-DataPortal) on Monday, 22 June 2020. The revamped X-DataPortal, accessible via https://dataportal.nse.com.ng, provides a more efficient, user-friendly experience for subscribers. The new features, according to the press statement from The Exchange, include data products, subscription management, payment...

The American Federal Bureau of Investigation (FBI), has commended the Economic and Financial Crimes Commission(EFCC) for offering assistance to it in the investigation and prosecution of six Nigerians involved in Business Email Compromise( BEC) and wire fraud in the United States of America. United States Attorney, Joe Kelly and Special...

Unity Bank Plc. has partnered Dynamiss to enable schools acquire robust learning management system at affordable rates. The Bank’s Head of Corporate Communications, Mr DeVoe Okorie, stated this in Lagos in a statement on Monday. Okorie said under the partnership, a full e-learning package comprising Microsoft School Portal, Discounted Airtel...

The Economic Community of West African States (ECOWAS) has endorsed Ngozi Okonjo-Iweala for the position of director-general of the World Trade Organisation (WTO). This is contained in a document signed by Mahamadou Issoufou, ECOWAS president, and seen by TheCable on Friday. On June 4, President Muhammadu Buhari approved the nomination...

The National Broadcasting Commission (NBC) says the Sixth edition of the Broadcasting Code Amendment guarantees maximun profits for foreign and local investors in the industry. The Acting Director-General of the Commission Prof. Armstrong Idachaba stated this on Monday during a live Radio Programme “Day Break Show” on Capital FM, Abuja....