After 3-year lull on digital switch over… FG okays N9.4bn for project execution

February 24, 2021 Benjamin Samson 0

Three years after a lull of sort, the federal government has reactivated the Digital Switch Over (DSO) rollout stopped in 2018 having kick started the project in five states namely;  Plateau, Kwara, Kaduna, Enugu and the Federal Capital Territory (FCT) Abuja. Apart from inaugurating a 13-man task force to get the work done in the remaining 31 states, the federal government Read More

Ogun: Two ex-convicts arrested for armed robbery

February 24, 2021 Hakeem Adegbenro 0

Two ex-convicts, Abiodun Oshoba and Mustapha Sakiru, have been apprehended by men of the Ogun state Police command for robbing one Aminu Illiyasu of his Bajaj Motorcycle with registration number SGM 965 VQ on gun point.  The arrest was contained in a press statement issued by the police spokesman, DSP Abimbola Oyeyemi, and made available to Blueprint in Abeokuta. The suspects, according to Read More

NIAS calls for immediate transformation of gazetted, ungazetted grazing reserves to ranches

February 23, 2021 John Oba 0

The Registrar and Chief Executive Officer (CEO) of the Nigeria Institute of Animal Science (NAIS), Prof. Eustace Iyayi, has called for the immediate transformation of all gazetted and non gazetted grazing reserves in Nigeria to ranches. This is even as he said the Institute will be capacitating 2000 Community Animal Husbandry Officers who are Graduate Animal Scientists in the next Read More

FG to commence implementation of €400,000 pilot ranches in four states

February 23, 2021 John Oba 0

The federal government has commenced the implementation of the National Livestock Transformation Plan (NLTP) as it kicks off the pilot project in four states of Nasarawa, Adamawa, Plateau and Gombe states. President Muhammadu Buhari had secured a €400,000 grant from the Netherlands during his visit to the country, to implement this project in four states in Nigeria which includes Nasarawa, Read More

Sovereign Trust Insurance pays N13.3bn claims in 5 years

February 23, 2021 Blueprint 0

Sovereign Trust Insurance (STI) Plc has paid out a whopping sum of N13.3 billion to its clients across the country that suffered different kinds of losses over the last five years. The claims paid out between 2016 and 2020 underscores the company’s strong financial ability and undeterred commitment to guarantee peace of mind to all its customers as they go Read More

9mobile deepens telecom services, deploys 4G LTE in Ibadan

February 23, 2021 Segun Odunewu 0

One of Nigeria’s main telecom service providers, 9mobile, has announced the deployment of its 4G Long Term Evolution (LTE) network in the ancient city of Ibadan. The launch of 9mobile’s 4G service in Ibadan, the Oyo State capital, is expected to empower residents of the city to achieve more as they leverage the 4G-grade quality of internet connectivity from 9mobile. Read More

Fintech’lll enhance financial inclusion – SEC

February 23, 2021 Benjamin Umuteme 0

The Securities and Exchange Commission has stated that the SEC is committed to enhancing financial inclusion in the country through technology. Director General of the SEC, Mr. Lamido Yuguda stated this at the joint session of the Senate Committee on Banking, Insurance and other Financial Institutions, Capital Market and ICT and Cyber Crime in Abuja, Tuesday. Yuguda said the SEC Read More

Virtual assets, cryptocurrencies risky for Nigeria – ICPC boss

February 23, 2021 Benjamin Umuteme 0

The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, SAN, on Tuesday said virtual assets and cryptocurrencies are risky for implementation in Nigeria. Prof. Owasanoye made this known in his presentation to the Senate Committee on Banking, Insurance and Other Financial Institutions during its hearing on the Central Bank of Nigeria’s decision to Read More

Parthian Partner, others register N20bn CP on FMDQ platform

February 23, 2021 Amaka Ifeakandu 0

The Nigerian Debt Capital Market (“DCM”) has continued to witness significant activity among corporates seeking a viable avenue to raise capital to meet their financing needs. Parthian Partner Limited has joined other companies to register N20 billion Commercial Paper (CP) programme on the FMDQ Securities Exchange Limited (FMDQ Exchange) platform. The registration of this CP Programme according to FMDQ Exchange Read More

Stock market rebounds, gains N6bn

February 23, 2021 Amaka Ifeakandu 0

Trading activities on the floor of Nigerian Stock Exchange yesterday closed northward, gaining N6 billion as score cards of some listed companies hit the system. Investors have increased investment in dividend paying companies. Specifically, Market Capitalisation of listed equities increased by 0.03 per cent to N21.014 trillion from N21.008 trillion reported on Monday. The NSE All Share Index also appreciated Read More

Housing deficit: REDAN to build 100 housing units in 774 LGAs,to create 2.5m jobs

February 23, 2021 Ayoni M. Agbabiaka 0

The Real Estate Developers Association of Nigeria (REDAN) has revealed plans to build 100 housing units in all the 774 local areas across the nation under its Rural-Urban Housing Initiative (RUHI-774). REDAN president Alhaji Aliyu Oroji Wamakko stated this at Real Estate & Construction Expo 2021 with the theme ‘’Real Estate Development, Infrastructure and Mortgage’’ held at the Abuja Trade Read More

Zenith Bank’s gross earnings rise by 5% to N696.5bn

February 23, 2021 David Agba 0

Zenith Bank Plc has announced results for the year ended December 31, 2020, with gross earnings rising by 5% to N696.5 billion from N662.3 billion reported in the previous year. This is in spite of a challenging macroeconomic environment exacerbated by the COVID-19 pandemic. According to the bank’s audited financial results for the 2020 financial year presented to the Nigeria Read More

Govt needs to subsidise building materials, access to land – FCT REDAN chairman

February 23, 2021 Editorial IV 0

The Chairman, FCT Chapter of the Real Estate Developers Association of Nigeria (REDAN) Mr Osilama Emmanuel Osilama, who is also the CEO of Nuel Osilama Global Investment Limited, in this exclusive interview with AYONI M. AGBABIAKA, highlights challenges developers experience in the industry and other factors inhibiting delivery of affordable housing to Nigerians.  How has the real estate sector been Read More

RMRDC bidding to save Nigeria N103.9bn on chitosan formulation

February 23, 2021 Editorial IV 0

With efforts to develop and domesticate chitosan, the Raw Materials Research and Development Council (RMRDC) hopes to save the N103.9bn spent annually on car coating formulation in Nigeria; BINTA SHAMA reports. The Raw Materials Research and Development Council in collaboration with the Chemical Engineering department of the Ahmadu Bello University (ABU), Zaria have started a project that will lead to development and Read More

TCN to complete Damaturu-Maiduguri transmission line diversion in 2 weeks

February 23, 2021 Tope Sunday 0

—  The Transmission Company of Nigeria (TCN) has said it is working very ahard to complete the transmission line by-pass along the Damaturu-Maiduguri 132kV transmission line route. The route, according to the TCN, would provide a temporary source of power supply to Maiduguri and environs. The General Manager, Public Affairs of the company, Ms Ndidi Mbah, in a statement she issued Read More

How deplorable police barracks affects performance

February 23, 2021 Editorial IV 0

All over the country, it is the same age long story of deplorable police accomodation as against other military and paramilitary services. TEMITOPE MUSOWO reports.No doubt, the sorry state of police barracks all over the country has been under-reported in the media; it is therefore no longer news that barracks across the country are in bad shape, a replica of Read More

NDPHC mulls 100MW supply to Calabar estate

February 23, 2021 Editorial IV 0

The Executive Director, Generation, Niger Delta Power Holding Company (NDPHC), Engr. Kassim Abdullahi, has disclosed that the company is in discussion with a Calabar-based estate, Paradise City, for the supply of 100MW power. A statement issued by the company’s Head, Communication and Public Relations, Ms Olufunke Nwankwo, in Abuja on Tuesday, quoted Abdullahi as speaking during the inspection of  the Read More

FBNInsurance partners Collinson to launch health insurance product

February 22, 2021 Edet Udoh 0

FBNInsurance, a leading Nigerian life insurer and a member of the SANLAM group, partnered Collinson, a global leader in travel, international health insurance and assistance solutions to launch SmartHealth International, a market specific international health insurance product for critical medical conditions into the Nigerian insurance market. The product which has been approved by the National Insurance Commission (NAICOM) will bridge Read More

African Alliance pays N967m claims in 40 days, to host Brokers today

February 22, 2021 Edet Udoh 0

Foremost life insurer, African Alliance Insurance, has continued to fulfil obligations to its teeming customers with the payment of claims in excess of N0.967 billion in the first 40 days of the 2021 business year. The Managing Director/Chief Executive Officer of the 61-year-old insurer, Joyce Ojemudia, in a statement by the firm’s Brand, Media and Communications Manager, Bankole Banjo. restated Read More

Stock market opens on negative trend, loses N17bn

February 22, 2021 Amaka Ifeakandu 0

The nation’s equity market yesterday continued in a downward trend, declining by N17 billion. Specifically, Market Capitalisation of listed equities declined by 0.08 per cent to N21.008 trillion from N21.025 trillion reported on Friday. The NSE All Share Index also depreciated by 32.61 basis points to 40154.09 points from 40186.70 points reported on Friday. Investors traded 289.338 million shares valued Read More

Nigeria’s crude gets more attention, India to increase imports

February 22, 2021 Blessing Anaro 0

There are strong indications that India’s refiners are turning to spot oil from Nigeria as it places emphasis on crude demand from Africa and North America. This is as long-term suppliers in the Middle East cut output and as demand for gasoline jumps amid the COVID-19 pandemic. Crude imports from Nigeria in December jumped 68 per cent from the previous Read More

Nigeria, Botswana in talks for direct flight operations

February 22, 2021 Guest 0

Nigeria and the Republic of Botswana will soon commence discussions on the possibility of signing a Bilateral Air Services Agreement (BASA) that will enable airlines from both nations to operate direct flights into each other’s cities, our reporter gathered. A source familiar with the development between the two countries told our reporter in Lagos that the Botswana government is desirous Read More

Agents want NASS to dump Customs bill

February 22, 2021 David Agba with agencies 0

The National Association of Government Approved Freight Forwarders (NAGAFF) has urged the National Assembly to jettison the Customs and Excise Management Act (CEMA) Cap C45 of 2004, which is currently under review, to forestall collapse of the nation’s economy. NAGAFF said the bill presently at the National Assembly has some lapses that could mar the nation’s economy and encourage human Read More

Restoring export control at ports critical to economic diversification – NAQS DG

February 22, 2021 John Oba 0

The Director-General, Nigeria Agricultural Quarantine Service (NAQS), Dr Vincent Isegbe has said Nigeria must restore conventional export control measures at all ports of entry to optimize its comparative advantage in agricultural commodities and diversify the economy. Dr. Isegbe made this known at the weekend in Abuja at the inauguration of the members of the standing committee on Agro Zero Initiative. Read More