Managing Director, Regency Alliance Insurance, Mr Biyi Otegbeye, has disclosed that the Federal Government has approved the implementation of Millennium Development Goalsâ€™ subsidy funding for pregnant women and children under the age of five years, as part of measures to enlarge the number of beneficiaries of the National Health Insurance Scheme (NHIS).
Otegbeye stated this while delivering a paper entitled: â€œHealthcare Financing: A properly managed health insurance system, a better guarantee
TRADE volume between Nigeria and the United States of America has risen to a record level of $36 Billion per annum, with President Goodluck Jonathan advocating even more increase as cooperation between the country, U.S Government, its allies and the private sector grows.
Speaking at a dinner held in his honour by the United States Chambers of Commerce and the Corporate Council on Africa in Washington DC on Wednesday, Jonathan, who revealed the figures, said that his administration welcomed
As part of efforts to revive the agricultural sector and to promote industrial development, the Kaduna State government has signed a two billion naira (N2, 000,000,000:00) Memorandum of Understanding (MoU) with the Bank of Agriculture (BOI) and the Bank of Industry (BOI)
The counterpart funding between the state government and the financial institution is also to be used in granting small industries, create jobs, reduce poverty and subsequently create wealth.
Governor Mukhtar Ramalan Yero of
The management of the Ibadan Electricity Distribution Company (IBEDC) Plc has promised to make a difference in power supply to Nigerians as soon as possible despite inheriting poor infrastructure.
The Managing Director of IBEDC, Mr Fortunato Leynes, said this on Thursday, when the management team of the Nigerian Tribune, led by the Managing Director/Editor-in-Chief, Mr Edward Dickson, paid a visit to the electricity distribution company at its head office in Ibadan, Oyo State.
â€œThough we inherited
Nigeriaâ€™s foreign exchange reserves rose by $1.436 billion to $39.333 billion between July 4, 2014, and August 5, 2014 representing an increase of 3.65 percent over $37.897 billion recorded in July this year.
According to latest data on external sector developments, the foreign reserves rose to $40.20 billion as at July 18, 2014, up by $2.89 billion or 7.74 per cent from $37.31 billion at end-June 2014.
The Central Bank of Nigeria (CBN) had on June 23, 2014 raised the minimum capital requirement
Nigerian banks may soon be faced with increased pressure to maintain higher Capital Adequacy Ratio (CAR). This is as a result of the exclusion of non-distributable regulatory reserve and other reserves in the computation of regulatory capital of banks and discount houses as announced this week by the Central Bank of Nigeria (CBN).
Analysts at an investment research and asset management company, Afrinvest (West) Africa said the policy would further exert pressure on the banksâ€™ CAR.
Market capitalisation of listed equities on the main board of the Nigerian Stock Exchange (NSE) returned to the N14 trillion mark it recorded in the first half of the year after declining briefly in early part of the second half.
This time, it rose by N89.98 billion from the N13.98 trillion posted the preceding day to N14.07 trillion.
In a similar vein, the NSE All-Share index leaped by 272.49 basis points or 0.64 per cent to 42,612.33 points.
This improvement is attributable to the increase in the
The Senate, on Tuesday, commended the move by the Benin Electricity Distribution Company (BEDC) to inject the sum of $265million (N42.5billion) into its business operation over a period of time.
It also praised the distribution company for the progress made in its business operation
Chairman, Senate Committee on Commercialisation and Privatisation, Senator Gbenga Obadara, made these commendations during an assessment of the distribution companyâ€™s operations in Benin, Edo state capital.
NATIONAL Chairman of the All Progressives Congress (APC), Chief John Odigie-Oyegun, on Thursday, said his party has allegedly uncovered the Peoples Democratic Partyâ€™s manual to rig Saturdayâ€™s governorship election in Osun State, contending that the opposition party was already in possession of projected fake results in all the 30 local government councils.
Addressing a press conference in Osogbo, on Thursday, he affirmed that the rigging plans were contained in two documents prepared
THE Federal Government, on Thursday, announced that it has put in place life insurance policy for health workers that will be involved in the treatment of the patients of the Ebola virus disease.
This was announced by the Minister of Health, Professor Onyebuchi Chukwu, while briefing representatives of foreign missions in the country on the measures being taken to contain the disease.
As part of the measures, Chukwu said from next week, all outbound passengers would henceforth be screened before
It was jubilation galore at the Lagos State University (LASU), on Thursday, when the state government announced the reversal of the tuition fees to N25,000.
Both lecturers and students greeted the announcement with joy, while lauding the state government for hearkening to their pleas.
Governor Babatunde Fashola, while speaking at the 19th convocation ceremony, Fashola commended the academic and non-academic staffâ€™s effort at ensuring a smooth calendar, which led to the graduation ceremony,
LAGOS State government has advised churches, mosques and other religious organisations to suspend all activities that involve large gatherings of people, until the Ebola outbreak is brought under control.
Speaking to journalists at the daily briefing on the Ebola outbreak at the State Secetariat, Alausa, Ikeja, the state Commissioner for Health, Jide Idris, said the move would help prevent the spread of the disease that had, so far, killed two people in the country.
Describing the situation as dire,
The chairman of the Peoples Democratic Party (PDP), in Osun State, Alhaji Ganiyu Olaoluwa, on Wednesday said any attempt by anybody or political group to link the murder of the former Minister for Justice, Late Chief Bola Ige, to its governorship candidate, Senator Iyiola Omisore, is an affront on the nationâ€™s judiciary.
He asserted that such moves would not only fail, but also amounted to futile plot to malign the temple of justice.
Making this known in a statement made available to journalists
Former governor of Osun State, Prince Olagunsoye Oyinlola, has blamed the leadership of the Peoples Democratic Party (PDP), including President Goodluck Jonathan, for his exit from the ruling party.
Speaking during a chat with newsmen in Osogbo, on Wednesday, Oyinlola maintained that his love for the people and his intention to cater for the welfare of the populace, influenced his defection to the All Progressives Congress (APC).
He, however, said he would not severe personal ties with some
A suspected Boko Haram chief butcher, who was arrested last month by the Nigerian Police, has said that it was always taking him two minutes to slaughter his victim.
The suspect, who gave his name as Zakari Mohammed hails from Kaigamari village, Daptchari in Darazo Local Government Area, Bauchi State.
The suspect made this known, on Wednesday, while being paraded by the Nigerian Police in Abuja, against the media report which alleged that the suspect had escaped from the police custody.
Global fears of Ebola spread Wednesday after two more countries reported deaths of citizens they suspected had contracted the disease in West Africa.
Nigeria reported that a nurse died after treating someone believed to have contracted Ebola in Liberia. And Saudi Arabia reported that a man died, apparently of the virus, after a trip to Sierra Leone. The World Health Organisation did not immediately confirm the deaths.
However, global health experts at the World Health Organisation (WHO) are meeting
THE government of Saudi Arabia may bar West Africans from hajj, as Ebola surfaces in Jeddah.
The government reported a possible infection of its citizens by the virus, raising the fears that the Ebola threat is going global.
Saudi Arabia is the latest to report a possible Ebola virus infection, as it is now testing a man for suspected infection, after he returned recently from a business trip to Sierra Leone, the Health Ministry said on Tuesday.
It said the man, in his 40s, was at a hospital in the
RECENT United States (US) surveillance flights over north-eastern Nigeria have shown what appeared to be large groups of girls held together in remote locations.
The development is raising hopes among domestic and foreign officials that they are among the group that Boko Haram abducted from a boarding school in April, US and Nigerian officials said.
The surveillance suggested that, at least, some of the 219 schoolgirls still held captive had not been forced into marriage or sex slavery, as had been
IT was jubilation galore in Lafia, the Nasarawa State capital, on Tuesday, as seven-man panel set up to investigate Governor Umaru Tanko Al-Makura over purported gross misconduct, quashed all the allegations for lack of evidence.
The panel chairman, Mr Yusuf Usman, announced this during the proceeding held at the Conference Room of the Ministry of Local Government and Chieftaincy Affairs, Shendam road, Lafia.
Usman, while making reference to Section 7(c) of the panelâ€™s guideline, which stipulated
With less than six months to the conduct of general election in 2015, the national chairman of the All Progressives Congress (APC), Chief John Odigie-Oyegun, on Tuesday ,in Osogbo, threatened that his party would form a parallel government if the presidential election is not credible.
He said that the opposition party would no longer tolerate any attempt to subvert the will of the people by perpetrating any form of electoral malpractices, declaring that â€œthe battle line is drawn. The APC will no