The Chief Executive Officer of specialist insurance broker – New Dawn Risk -, Max Carter, has expressed concern over an expected post-COVID claims crisis in healthcare sector. Speaking on how COVID-19 has impacted the healthcare system, Carter said: “If there is one thing that parties on all sides can agree, it is that COVID has […]
The United Kingdom (UK) economy recorded a mere 0.1 percent growth in October, representing a sharp slowdown from September’s 0.6 percent growth and well below what analysts had forecast for the month. The Office for National Statistics (ONS), in its report, attributed the slowdown in growth to a big decline the construction sector, which also […]
The International Monetary Fund (IMF) has expressed some concerns that cryptocurrencies may become a major currency in Nigeria and other developing countries. The Breton Woods institution in a report titled ‘Global Crypto Regulation Should be Comprehensive, Consistent, and Coordinated’ released on Thursday, stated that cryptocurrency had made it very difficult to protect the world financial […]
As the surging wave of the new Omicron variant of the COVID-19 pandemic continues to create new anxieties across geo-political zones globally, the Lagos Chamber of Commerce and Industry (LCCI) has canvassed the adoption of a multi pronged approach by the government to further strengthen Nigeria’s response to the pandemic, especially in view of the […]
The Bureau of Public Enterprises (BPE) has announced members of the interim management team for the crisis-ridden Abuja Electricity Distribution Company (AEDC) Plc. The members of the interim management team are, Interim Managing Director, Bada Akinwumi; Interim Chief Business Officer, Sani Usman; Interim Chief Finance Officer, Babajide Ibironke; Interim Chief Marketing Officer, Donald Etim; and […]
The United States’ Securities and Exchange Commission (SEC) has awarded nearly $5 million to a whistleblower, who provided critical information and assistance that led to the success of a covered action. A statement by the investment regulatory commission indicated that the whistleblower’s information helped it to more quickly and efficiently to bring an action that […]
The Securities and Exchange Commission Nigeria (SEC) has pledged to collaborate with relevant stakeholders on real estate investments in a bid to reduce Nigeria’s housing deficit and improve the sector’s contributions to the Gross Domestic Product (GDP). Director General of the commission, Mr. Lamido Yuguda, made the promise during a meeting with the leadership of […]
The National Bureau of Statistics (NBS), Federal Ministry of Women Affairs, United Nations High Commission for Refugees (UNHCR), United Nations Population Fund (UNFPA) and civil society organizations (CSOs) in Nigeria on Thursday restated their commitment to collaborate with a view to tacking all forms of gender -based violence in the country as a strategic step […]
Equinix Inc, international digital infrastructure company, on Tuesday announced its investment foray into Africa with the commitment of $320 million to acquire MainOne, a leading West African data centre and connectivity solutions provider. The Chief Executive Officer of the firm, Charles Meyers, stated that the acquisition of MainOne, with presence in Nigeria, Ghana and Côte […]
The Securities and Exchange Commission (SEC) on Tuesday told the House of Representatives Committee on Capital Markets and Institutions that the Commission was engaging relevant stakeholders in a bid to resolve issues of identity management relating to the rising unclaimed dividends in the capital market as well as other issues. Identity theft is a fraudulent […]