Expensive elections: The irony of more for less

I thought not many people bothered to notice. But The Guardian newspaper did. And it did not let it pass unchallenged. I am referring to President Muhammadu Buhari’s request last week to the National Assembly to vire N242 billion from the current national budget to fund next year’s general elections. In its editorial of July 22, 2018, the paper gave Read More The post Expensive elections: The irony of more for less appeared first on Blueprint.

Codeine: From drug usage to drug abuse

The recent sealing off of three major pharmaceutical companies in Nigeria by the National Agency for Food and Drug Administration and Control, brings to the fore, the epidemic presently ravaging Nigerian youths (aged 18-35 years). This follows a BBC documentary, which brought codeine addiction to limelight. The former Director-General of the National Drug Law Enforcement Agency, Mr Otunba Ipinmisho, opined Read More The post Codeine: From drug usage to drug abuse appeared first on Blueprint.

NAICOM raises capital base for operators

Effective January 1, 2019, the capital base of underwriting firms in Nigeria will be N6 billion from the current N2 billion, the National Insurance Commission (NAICOM) has revealed. The new recapitalisation exercise is a three-tier recapitalisation system, whereby firms were graded as tier-three, tier-two and tier-one. The commission disclosed this in Lagos at the insurers’ committee meeting. According to the Read More The post NAICOM raises capital base for operators appeared first on Blueprint.

Firm pays N412m claims, re-strategises life business

ARM Life Insurance said it paid a total of N412 million claims to policy holders to further underscore the company’s commitment to prompt settlement of payments and efficient customer services. The subsidiary of Asset and Resource Management Holding Company (ARM), has affirmed its commitment to improve productivity and profitability that would meet stakeholders’ needs across the country The company’s Executive Read More The post Firm pays N412m claims, re-strategises life business appeared first on Blueprint.

NIMASA seals off erring jetties over non-implementation of ISPS code

The Nigerian Maritime Administration and Safety Agency (NIMASA) has taken stern measures to comply with the provisions of the International Ships and Ports Facility Security (ISPS) code. Following these NIMASA have sealed off some jetties that have fallen short of the standard. The affected jetties were Heyden Petroleum Jetty, Index Petroleum Oil Jetty, Waziri Jetty operated by Hemsmor Nigeria Limited, Read More The post NIMASA seals off erring jetties over non-implementation of ISPS code appeared first on Blueprint.

FG to concession Onitsha river port

Onitsha River Port in Anambra state according to the National Inland Waterways Authority (NIWA) may be concessioned to two companies before the end of 2018. The Acting Managing Director, NIWA, Barrister Danladi Ibrahim while addressing journalists in Lagos during the week, stated that among the four river ports, in existence, two would be commissioned by the President before the end Read More The post FG to concession Onitsha river port appeared first on Blueprint.

Customs recover cars, intercepts more contrabands

The Federal Operation Unit (FOU), Ikeja, Lagos state of the Nigeria Customs Service (NCS) has intercepted contrabands with a duty paid valued (DPV) N1, 120, 714, 338.12 between June 13, 2018 to July 24, 2018. Also the customs officers from the confiscated fleets of smuggled cars at the park of a dealer in Ikeja. This was disclosed by the Controller  Read More The post Customs recover cars, intercepts more contrabands appeared first on Blueprint.

Apapa Gridlocks: Terminal operators want manufacturers to evacuate goods by barges

Seaports Terminal Operators Association of Nigeria (STOAN) has called on manufacturing concerns to evacuate their products from Apapa port by barges to ease the gridlock on roads leading to Lagos ports. The Spokesman for the association, Mr Bolaji Akinola, made the call in Lagos on Wednesday said that some manufacturing companies used trucks to evacuate their products from their factories Read More The post Apapa Gridlocks: Terminal operators want manufacturers to evacuate goods by barges appeared first on Blueprint.

Cement Company of Northern Nigeria declares N3.2bn profit

Shareholders of the Cement Company of Northern Nigeria (CCNN) have adopted the company’s revenue of N19.59 billion with a profit after tax of N3.22 billion. This is even as it declared a dividend of N1.25k. Also, shareholders retained Abdulsamad Rabiu as chairman of the company’s Board of Directors. This followed an election conducted at the 39th Annual General Meeting (AGM) Read More The post Cement Company of Northern Nigeria declares N3.2bn profit appeared first on Blueprint.

Egg prices drops by -1.62% in June

A new National Bureau of Statistics (NBS) report says selected food for June 2018 showed that the average price of 1 dozen of Agric eggs medium size increased year-on-year by 4.88 per cent and decreased month-on-month by -1.62 per cent to N539.75 in June 2018 from N548.66 in May 2018. According to the Selected Food Prices Watch for June 2018, Read More The post Egg prices drops by -1.62% in June appeared first on Blueprint.

Oil rises after Trump, EU President pledge cuts to trade barriers

Asian stocks edged higher on yesterday, taking comfort from gains on Wall Street as Brent sweet crude rose to approximately 75 dollars. Asian stock was up after United States President, Donald Trump and European Commission President, Jean-Claude Juncker agreed to work toward eliminating trade barriers on industrial goods. U.S. crude was up 0.4 per cent at 69.54 dollars a barrel. Read More The post Oil rises after Trump, EU President pledge cuts to trade barriers appeared first on Blueprint.

AfCFTA signing will integrate SMEs in Africa-NACCIMA

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has said the signing the Africa Continental Free Trade Area Agreement (AfCFTA) would serve as a platform to integrate small and medium scale enterprises (SMEs) into the regional economy. The pact would also accelerate women’s trade and economic empowerment. Addressing a press conference in Lagos yesterday, the President Read More The post AfCFTA signing will integrate SMEs in Africa-NACCIMA appeared first on Blueprint.

Economic growth has not impacted on poverty – Expert

The Chairman Daily Trust Board of Economists, Prof. Ode Ojowo, has said that despite Nigeria’s economic growth poverty continues to rise. This is even as he added that the nation’s economic growth has had minimal impact on poverty. Prof. Ojowo, who was speaking at the Business Enhancement Roundtable yesterday in Abuja stressed that the challenge of poverty is a reality Read More The post Economic growth has not impacted on poverty – Expert appeared first on Blueprint.

Average fare price for June up by 1.53%

Average fare paid by commuters for bus journey within the city increased by 1.53 per cent month-on-month and 32.75 per cent year-on-year to N168.90 in June 2018 from N166.85 in May 2018, the National Bureau of Statistics (NBS) has said. The Transport fare watch report for June 2018 covers the following categories namely bus journey within the city per drop Read More The post Average fare price for June up by 1.53% appeared first on Blueprint.

‘Why Great Nigeria Insurance is delisting’

Great Nigeria Insurance (GNI) Plc is pushing to be delisted from the Nigerian Stock Exchange (NSE) mainly because majority core investors are unwilling to dilute their shareholdings to free up more shares for minority retail investors. GNI Shareholders are scheduled to meet today in Lagos at an extraordinary general meeting to consider a proposal by the board of directors for Read More The post ‘Why Great Nigeria Insurance is delisting’ appeared first on Blueprint.

Cleaner Accused Of Child Poisoning To Be Tried

  A 53-year-old cleaner has been charged in France over allegations that she tried to poison two babies at the creche where she worked by putting tranquilizers in their bottles, prosecutors said Friday. Staff at the creche in Neuilly-Plaisance, in the eastern Paris suburbs, raised the alarm after a 16-month-old child became dizzy and sleepy … Continue reading Cleaner Accused Of Child Poisoning To Be Tried The post Cleaner Accused Of Child Poisoning To Be Tried appeared first on Channels Television.

Court Postpones Jacob Zuma’s Corruption Case

South Africa’s former president Jacob Zuma appeared in court Friday over a $2.5-billion (2.15-billion-euro) corruption case linked to a 1990s arms deal, but the judge adjourned the case until the end of November. Zuma, who was forced to resign in February, has been charged with 16 counts of fraud, racketeering and money laundering relating to … Continue reading Court Postpones Jacob Zuma’s Corruption Case The post Court Postpones Jacob Zuma’s Corruption Case appeared first on Channels Television.

‘Time for posturing is over’ – U.S. warns Congo’s Kabila

Elections are five months away but the president has refused to say whether he will run. The post ‘Time for posturing is over’ – U.S. warns Congo’s Kabila appeared first on Premium Times Nigeria.

Sokoto Cement nets N3.3bn profit after tax in 2017

An official describes the revenue increase as the highest in the company’s history. The post Sokoto Cement nets N3.3bn profit after tax in 2017 appeared first on Premium Times Nigeria.

Police arrest owner of truck involved in fatal Otedola bridge accident

The police say the truck driver is still at large. The post Police arrest owner of truck involved in fatal Otedola bridge accident appeared first on Premium Times Nigeria.