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Daylight Rape in Lagos Streets

It was on Wednesday, March 3, 2017 that Lagos set a record on the deteriorating values Africans are known for. This day represents the worse day for some innocent secondary school ..... ...

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The Senate in Confusion as Another member dumps PDP, joins APC amid protest from colleagues

The population of the Peoples Democratic Party membership in the Senate has been further depleted with the defection of a member - Senator John Enoh....  

How Governor Tanko Almakura Has turned his People to IDPs…… While Governor Simon Lalong endears himself to his People.

Governor Tanko Almakura has been accused by Group Captain ZR ZAKKA PhD, mni for exhibiting an attitude that shows the governor has turned Nasarawa State into a personal estate.

Breaking: Federal Government abolishes HND/BSc dichotomy.

Minna, capital of Niger State, Nigeria is the location where the Council of Establishment consisting of all the Heads of Services of the 36 States of.......

Breaking: SGF Lawal Babachir and DG NIA, Ayo Oke Suspended; Oke weeps when denied access to Vice President

President Muhammadu Buhari has suspended the duo of Mr Lawal Babachir and Ayo Oke, both SGF and DG NIA respectively.  

OPINIONS

Lagos - Nigeria's four refineries will resume production next month, a spokesman for the state-run oil group said Thursday, raising hope of an end to perennial petrol shortages that have plagued Africa's largest crude producer.

UNITED States of America’s most celebrated brand, Apple, has bought Nigeria’s Chinedu....

 

NIGERIA Labour Congress, NLC, yesterday in Lagos, threatened to direct workers to stay at home should the current fuel scarcity get prolonged.

 

 

Abuja - The National Insurance Commission has dissolved the Board of the International Energy Insurance (IEI) following allegations against some directors of the company.

This is contained in a statement issued by Rassaq Salami, Head Corporate Affairs of the commission in Abuja on Sunday.

According to the statement, the Chief Executive Officer and some key officers of IEI will proceed on leave to pave way for thorough investigation of the affairs of the company.

It stated that the action was pursuant to the powers conferred on NAICOM by enabling laws to intervene in the affairs of the company.

"This is as a result of financial reporting failures, allegations made against some directors and board squabble necessitating regulatory action in the interest of policyholders and other stakeholders of the company," it stated.

It stated that a three-member interim board had been appointed to oversee the affairs of the company while necessary investigation was being conducted.

Also Read: Nigeria energy firm rewarded at Ghana summit

It stated that the interim board would be chaired by Muhammad Ahmad, a former Director-General of the National Pension Commission.

The others were, Daisy Ekineh, a former Commissioner, Securities and Exchange Commission; and Mrs Bridget Adeyinka, a former Acting Managing Director of Societe Bancaire Nigeria Ltd., now Unity Bank.

"The appointment, which takes immediate effect, shall be for an initial period of six months, subject to renewal if necessary."

"The board is mandated to conduct forensic investigation into the affairs of the company and identify factors and persons responsible for the shareholder’s value."

"The company remains a going concern with capacity to continue to underwrite all types of general insurance business," it stated. 

- NAN

The outlook for Nigerian Stock Market in Q4’14 remains blurred as the bearish trend gained tempo at the end of Q3’14, starting the month of October into Q4’14 with active sell-down. In the last three quarters, we have seen mixed and unimpressive performance trend in the market as YTD remains in negative zone with falling enthusiasm

RELIGION

Prophesy Of Jonathan’s Defeat: Buhari’s Victory Has Vindicated Me- Fr Mbaka

Renown Spiritual Director of the Catholic Adoration Ministry, Rev Father Ejike Mbaka, has said that the victory of APC presidential candidate in last weekend’s general elections, General Muhammadu Buhari has finally vindicated him on his New Year prophesy that President Goodluck ...

WORLD NEWS

9/11 Survivor Captured In Iconic Photo Dies Of Cancer

Marcy Borders, a survivor of the Sept. 11 terrorist attacks who was photographed covered in dust after fleeing the World Trade Center, has died of stomach cancer. Borders' family announced her death Tuesday on Facebook. She was diagnosed with stomach cancer last year at the age o...

BUSINESS NEWS

Aganga Says Nigeria Accounts For 75% New Investments In Africa

The Minister of Trade and Investment in Nigeria, Mr Olusegun Aganga, has given the nation’s economy a clean bill of health, saying that despite the challenges of poor infrastructural development, epileptic power supply, insecurity in some states in the north-east, Nigeria’s economy still accounts for 75 per cent of new investments in Africa.  

NIGERIAN NEWS