archiveAugust 19, 2020

Prudential Zenith Life Insurance has donated $100,000 (N38 million) to Slum2school Africa, to help cushion the impacts of the COVID-19 pandemic on education in disadvantaged communities across Nigeria. Mr Chuks Igumbor, Managing Director and Chief Executive Officer, Prudential Zenith Life Insurance Ltd., made this known in a statement in Lagos...

  Following the successful launch of the Financial Centre for Sustainability Lagos, an initiative set on inspiring a greener Nigeria through sustainability principles, in collaboration with market stakeholders, a Declaration was co-signed by the Executive Governor, Lagos State, Mr. Babajide Sanwo-Olu and the Chairman, FC4S Lagos, Mr. Bola Onadele. Koko....

  The Nigerian Communications Commission (NCC) has been described as the most useless regulatory agency of the Federal Government of Nigeria. A forensic accountant, Mogaji Ori Adeyemo, in an interview with Business247News Online in Lagos expressed a strong view on the poor performance of the regulator of the telecommunication sector...

Central China’s Hunan Province on Wednesday opened a cocoa trading centre to connect Africa, the world’s leading cocoa producer, to China’s fast-growing appetite for chocolate. The African Cocoa Marketing Centre, established in Changsha, the provincial capital of Hunan, will start by selling cocoa mainly from Ghana before bringing in products...

World Bank President, David Malpass, said that a more ambitious debt relief plan is needed to save poorer countries from sliding into pandemic-induced “depression”. “This is worse than the financial crisis of 2008, and for Latin America, worse than the debt crisis of the 1980s,’’ Malpass said. He added that...

The National Drug Law Enforcement Agency (NDLEA) has uncovered another 40ft container loaded with tramadol and other banned drugs at the Brawal terminal in Lagos. A statement by the NDLEA Head of Public Affairs, Mr Jonah Achema, said the Chairman, Col. Muhammad Abdallah retired, disclosed this on Wednesday in Abuja....

The cryptocurrency market is looking strong this week, with both bitcoin and ether hitting new yearly highs on Monday. BTC closed within touching distance of $12,500 - a level not seen since July 2019 - while ETH also touched $450 after gaining almost 10% over the last week. Can this...

Barcelona has appointed Ronald Koeman as their next coach, the club said in a statement on Wednesday. Koeman, who has left his role as manager of the Netherlands, has signed a two-year-deal with Barcelona, who sacked Quique Setien on Monday after he presided over the club’s worst defeat ever in...

The Nigerian Army says it is collaborating with the Economic Financial and Crimes Commission (EFCC) in Port Harcourt to end attacks on oil and gas pipelines in Rivers. Maj.-Gen. Olu Irefin, the General Officer Commanding (GOC) 6 Division, Nigerian Army, Port Harcourt, stated this on Wednesday during a visit to...

Some charcoal sellers in Kano have decried the low patronage of the trade amid the high cost of the commodity in the state. The sellers who spoke in separate interviews with the News Agency of Nigeria (NAN) on Wednesday said that as a result of the low sales, it had...