Growth of non-oil exports, effect to devaluation, unemployment others – Minister

January 15, 2021 Adeola Tukuru 0

The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo has warned that except Nigeria develops its non-oil exports, the economy would remain vulnerable to external shocks with attendant effect on devaluation, inflation and unemployment. Adebayo said this on Thursday during the inauguration of steering committee for the implementation of the Export Expansion Facility (EEF) in Abuja. He said, “Export Read More

PoS shops as new cash cows for banks

January 15, 2021 Segun Odunewu 0

Many banks customers have lamented the scarcity of funds in most Automated Teller Machines (ATMs) in Lagos State and other major cities, describing it as a ploy by banks to force customers to patronize PoS operators who will charge more on behalf of the banks for every transactions conducted by the customers through them. And due to the inability of Read More

Equity market closes higher, gains N325bn

January 15, 2021 Amaka Ifeakandu 0

Investment in the nation’s equity market Thursday continued in positive trend, appreciating by N325 billion. Specifically, market capitalisation of listed equities increased by 1.54 per cent to N21.418 trillion from N21.093 trillion traded on Wednesday. The NSE All Share Index also appreciated by 622.09 basis points to 40963.14 points from 40341.05 points traded the previous day. Investors traded 809.362 million Read More

Nigeria accounts for 70.77% of LNG exports in West Africa

January 15, 2021 Blessing Anaro 0

Nigeria Liquified Natural Gas (LNG) export in 2020 accounted for 70.77 per cent of total exports from West Africa, beating Angola, Cameroon, and Equatorial Guinea. There is also hope for Nigeria’s revenue as LNG is said to be hitting new high in prices this year, 2021. With the constraints in crude oil productions, based on the OPEC + agreement, Nigeria’s Read More

Customs recovers N1.7 billion from shortfalls on duty payments, seizes India hemp, others in Lagos

January 15, 2021 Suleiman Idris 0

The Federal Operations Unit Zone ‘A’ of the Nigeria Customs Service (NCS) in Lagos said it recovered the sum of One Billion, Seven Hundred and Fifty-two Million, Ninety-four thousand, thirty-seven Naira, Ninety-four Kobo (N1,752,094,037.94) as revenue by identifying shortfalls on duty payments in 2020. It said the lost revenue was recovered through the issuance of demand notices; sequel to interceptions Read More

Second insurer agrees to pay Covid-19 lockdown business interruption claims

January 15, 2021 Blueprint 0

Insurance Claims Africa (ICA) has welcomed the decision by Hollard and Guardrisk to pay claims from businesses forced to close during the national lockdown to stem the spread of the coronavirus. This follows the recent Supreme Court of Appeal (SCA) ruling in favour of the business interruption claim made by Café Chameleon, a Guardrisk customer . On December 18, the Read More

French insurers commit not to increase premiums in 2021

January 15, 2021 Blueprint 0

Under pressure from the French government, Groupama, Crédit Agricole Assurances, Covéa (MMA, MAAF, GMF), Société Générale Assurances and Generali France agreed to freeze in 2021 the contributions from the companies most affected by the Covid-19 crisis. These insurers agreed not to increase the premiums for professional comprehensive insurance for the sectors that were strongly impacted by the health crisis, namely: Read More

Allianz begins 8-year Olympic, Paralympic partnership

January 15, 2021 Edet Udoh 0

Allianz said it has officially began its eight-year worldwide partnership with the Olympic & Paralympic Movements from January 1, building on a collaboration with the Paralympic Movement which started since 2006. The global insurance underwriters and financial management experts made the disclosure in a recent Media release made available to the Blueprint.According to the Chief Executive Officer of Allianz SE, Read More

Global Credit Rating: Sovereign Trust Insurance maintains A- rating

January 15, 2021 Edet Udoh 0

For over a decade now, Sovereign Trust Insurance Plc has consistently maintained a confident A- rating with the international rating agency, Global Credit Rating, GCR based in South Africa. The Agency’s recent solvency and operational report for financial institutions in Nigeria and other allied businesses released in December 2020 affirmed that Sovereign Trust Insurance Plc has great potentials for growth Read More

7 injured, vehicles destroyed in AMAC taskforce, firm’s brawl over sticker

January 15, 2021 Blueprint 0

Management of G-Complex Nig. Limited has called on the Minister of the Federal Capital Territory (FCT) to probe the Abuja Municipal Area Council (AMAC) Task Force on Haulage, Light and Heavy Duty Vehicles, alleging that their activities are capable to destabilising peace in the city. Managing Director of the company, Abdulhamid Mahmud Zari, made the call Thursday in Abuja, following Read More

NEPZA boss warns job seekers on fake online recruitment firms

January 15, 2021 Adoyi M. Aba 0

The Nigeria Export Processing Zones Authority (NEPZA) has described an ongoing online recruitment exercise ascribed to the authority to be its “2021 Recruitment Exercise’’ as criminal and a surreptitious maneuver to swindle unsuspecting job seekers and defraud them and their sponsors. A press statement by NEPZA head, Corporate Communications, Martins Odeh quted the Managing Director/Chief Executive Officer of the Authority, Read More

WAPPC condemns parliamentary violence in Ghana

January 15, 2021 Taiye Odewale 0

The West African Parliamentary Journalists under the aegis of West African Parliamentary Press Corps (WAPPC) has condemned in its entirety, recent brawl that took place among legislators on the floor of parliament in Ghana. WAPPC in a statement issued in Abuja Thursday by its Secretary General, Ezrel Tabiowo, called for probe of the clash and sanctioning of the affected parliamentarians Read More

Zoning: A delicate balance for PDP come Anambra 2021

January 14, 2021 Chinedu Okafor 0

Ndi Anambra have eagerly awaited 2021 and now it is finally here. It is not only the year that major political parties in the state like Peoples Democratic Party (PDP), All Progressives Congress (APC), All Progressives Grand Alliance (APGA), and others will select their flag bearers but also the year that voters in the state will go to the polls Read More

Our dysfunctional LG system and rural development

January 14, 2021 Dan Agbese 0

Sometime in 2019, Dr Ngozi Okonjo-Iweala, former minister of finance in both the Obasanjo and the Jonathan administrations, spoke of the need for federal and state governments to pay some urgent attention to the development of the rural areas. Matters are getting worse there and for the country as a whole, obviously. Did anyone need to remind our leaders that Read More

Celebrating Ibrahim Yusuf’s brilliant services

January 14, 2021 Blueprint 0

Alhaji Ibrahim Yusuf needs no introduction in the public service. Since he started his career, Ibrahim Yusuf has proved to be an exceptional civil servant with great repute. His brilliant stint at the Office of the Accountant General of the Federation, IPPIS section, Federal Ministry of Science and Technology and now Budget On, Ibrahim Yusuf has become a topic of Read More

Nigeria is unserious about education

January 14, 2021 Mahmud yahaya 0

It is unfortunate that all this time students spent at home while their education was brought to standstill, the Academic Staff Union of Universities (ASUU) and federal government are insensitive to their situation. It is obvious that the federal government deems the education of its citizens as valueless as sewage. How insensitive was ASUU too, to have said Universities are Read More

Pathology of misinformation

January 14, 2021 Hajara Muhammad Tom 0

August 8 is humorously marked as the National Salt Day, the anniversary of the infamous incidence that revealed the height of Nigerians’ gullibility.l Although the fatal rumor, which resulted in two recorded deaths and at least 20 hospitalizations, has been attributed to different sources, the lamentable outcome is clear for all to see. This event revealed some of the terrible Read More

Dear Sam

January 14, 2021 Hannatu Musawa 0

My dear friend, my dear brother, my best friend… I miss you! But I guess, you always knew that would be my reality the minute I woke up in a World where you are no more. No words I can put together can describe the clashing feelings of pain and emptiness I had when I was told of your passing. Read More

Sachet economy: How should the Nigerian government intervene?

January 14, 2021 Timi Olubiyi 0

Sachets dominate the retail industry particularly the Fast-Moving Consumer Goods (FMCG) in many parts of Africa but more significantly in Nigeria where population is high and there is huge demand for consumer goods. Therefore, sachet products or single-serve packs as they are normally called in the FMCG industry are dominating the retail landscape and they are products that can be Read More

Sanwo-Olu mourns ex-Lagos MILAD Ndubuisi Kanu

January 14, 2021 Temitope Musowo 0

Lagos state governor, Mr. Babajide Sanwo-Olu, has expressed sadness over the death of the chairman of the National Democratic Coalition (NADECO) and former Military Administrator of Lagos, Rear Admiral Ndubuisi Kanu (rtd) on Wednesday. Ndubuisi Kanu, a retired naval officer and former military governor of Imo state between 1976 and 1977, died at a hospital in Lagos, Wednesday morning at Read More

NYSC partners NCAN on revenue generation

January 14, 2021 John Oba 0

The National Youth Service Corps (NYSC) has unfolded its plans to partner the National Council for Arts and Culture (NCAN) to boost its revenue drive and empower corps members talented in arts and culture. NYSC Director-General, Brig.- Gen Shuaibu Ibrahim stated this, Wednesday, when he visited the Director-General, National Council For Arts And Culture, Otunba Olusegun Runsewe in his office Read More

Mai Tangale a rare gem, detribalised Nigerian – NCPC boss

January 14, 2021 Adoyi M. Aba 0

Executive Secretary, Nigeria Christian Pilgrim Commission (NCPC), Rev Yakubu Pam has expressed his heartfelt sympathy to the government and good people of Gombe state over the death of Mai Tangale of Biliri Gombe state, HRM Dr. Abdul Buba Maisharu, who passed unto glory on January 10, 2021 at the age of 72. In a condolence letter to the government and Read More

BMO to Falana-led ASCAB: Your COVID-19 corruption claim spurious

January 14, 2021 Ifeanyi Emeka 0

The Buhari Media Organisation (BMO) has denounced claims of corruption in Nigeria’s COVID-19 response by the Femi Falana-led Alliance for the Survival of COVID-19 and Beyond (ASCAB). A statement issued by BMO chairman Niyi Akinsiju and secretary Cassidy Madueke made available to Blueprint Wednesday said the Femi Falana-led group by it s comments demeaned the efforts of the federal government’s Read More

FCT IPMAN visits burnt Kugbo building materials market

January 13, 2021 Baba Yusuf 0

The FCT chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has paid a condolence visit to Kugbo building materials market that was razed by fire in the early morning of Monday. The team, led by IPMAN FCT director of operation, Mr. Ameh Kennedy, urged the traders who lost their valuable goods worth millions of naira to take it Read More

Why border insecurity is on the rise – NIS CG

January 13, 2021 Patrick Andrew 0

Comptroller General, Nigeria Immigration Service (NIS), Mallam Muhammed Babandede has attributed the growing insecurity in the country to lack of cooperation among land borders’ security agencies. The CG said a system whereby respective service agencies at the land border points chose to work independently without cooperating, consulting or sharing sensitive information with one another has led to unnecessary breach in Read More