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Court Restrains Union From Industrial Action, Picketing FIRS Offices

The National Industrial Court, Abuja Division, has restrained the Nigeria Civil Service Union (NCSU) from picketing the offices of the Federal Inland Revenue Service (FIRS), nationwide. A statement issued by the Director, Communications and Liaison Department, FIRS, Dr. Abdullahi Ahmad, indicated that the court order of interim injunction was given by Justice Olufunke Y. Anuwe […]

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Market Formation Framework Key To Solid Minerals Sector Devt – Sekibo

The Managing Director, Heritage Bank Plc, Ifie Sekibo, has identified market formation framework as crucial to optimally exploit Nigeria’s precious metal and solid minerals endowments for national development.. The seasoned banker made this remark during a webinar organised by the Securities and Exchange Commission (SEC) in collaboration with the Federal Ministry of Mines and Steel […]

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Catastrophic Floods: Moody’s Forecasts Tough Year For German Insurers

The recent catastrophic flooding in Germany as a “consequence of climate change,” has been described by analysts at Moody’s as potentially challenging for the country’s risk underwriting firms and warned that German insurers could find it difficult to protect homeowners against climate risk in future without significant price increases. It would be recalled that the […]

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AU Envoy Tasks Pharmaceutical Firms On Local Production Of COVID-19 Vaccines

The African Union (AU) Coronavirus envoy, Strive Masiyiwa, has called on global pharmaceutical firms to license production of COVID-19 vaccines in Africa rather than just do piecemeal contract deals with governments as the pandemic enters its third wave in the continent. Masiyiwa gave the charge a day after Pfizer and BioNTech announced a “fill and […]

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COVID 19: Nigeria Reports $5Bn Decline In 2020 Remittances

The Federal Government on Thursday disclosed that the COVID-19 pandemic reduced by $5 billion, representing about 20 percent, the estimated $25bn Diasporan remittances to Nigeria last year The Chairman, Nigerians in Diaspora Commission (NIDCOM), Hon. Abike Dabiri-Erewa, gave this hint at a media briefing in Abuja to announce the 2021 Diaspora Day celebration scheduled for […]

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56% Americans Support Stricter Regulation Of Tech Firms – Survey

More Americans think major technology companies should face more government regulation even as a majority say that these firms have too much economic power and influence. These findings were contained in a new Pew Research Center survey conducted April 12-18, 2021. But then, there’s not a strong consensus among the public that the government reducing […]

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TUC Cautions FG Over Rising Public Debt Stock

Trade Union Congress (TUC) has warned the Federal Government against increasing the nation’s indebtedness to unmanageable level, saying that excessive borrowing has negative wealth transfer implications for millions of Nigerians. The union gave the warning in a Sallah message jointly signed by its National President, Mr. Quadri Olaleye and the Secretary General, Mr. Musa-Lawal Ozigi. […]

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Group Sues Ikeja, Eko Discos Over Failure To Cap Customers’ Estimated Billing

A group, the All Electricity Consumers Protection Forum (AECPF), has sued the Ikeja Electricity Distribution Company and the Eko Electricity Distribution Company for failing to implement the order capping estimated billing of some of their customers. The suit dated July 12, 2021 was filed before an Ikeja High Court. According to a news report by […]

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European Floods To Heighten Insurance, Re-Insurance Losses – Experts

Industry experts have expressed serious concerns that ongoing severe flooding incidents across some countries in Europe could become one of the most expensive flood episodes in risk underwriting history in the continent, with the insurance and reinsurance industry expecting billion Euro industry losses. A news report by artemis.bm, a catastrophe bonds, insurance linked securities, reinsurance […]