Stowaway saga: PCC, PFSO say the incident reflects country’s security situation

A map of Nigeria By Godwin Oritse THE Lagos Maritime Security Zone of the Port Facility Security Officers of Nigeria, PFSON, forum has reacted to the arrested Nigerian stowaways on board  ‘M/T Nave Andrmeda’ saying that the incident indicates the failure of the country’s security system. Speaking to Vanguard Maritime Report, Chairman of the Forum, … Read more

EndSARS: Coronation Insurance assures clients of support

By Rosemary Iwunze Coronation Insurance Plc, formerly Wapic Insurance, has reassured its clients and the general public that are victims of the EndSARS protests of its commitment to return them to their normal ways of life. To this end, Coronation Insurance said it had put in place a claims response platform for real-time communication and … Read more

2021 Budget: National blood transfusion services require N1.7bn lifeline — DG

…As Reps Query Health Ministry Over Neglect of Oral Health Agency By Tordue Salem, Abuja National Blood Transfusion Services, Dr Omale Amedu, told the House of Representatives yesterday, that his agency requires the sum of N1.7 billion to stay afloat. Dr Amedu made his request on Tuesday, at a 2021 budget session before the House … Read more

How social unrest impacted investors’ perception in the equities market

Stock Market By Babajide Komolafe All over the country, affected businesses count their losses in the aftermath of EndSars. As expected, investors would factor in the impact of the protest on company and industry-specific basis.  For the equities market, a quick comparison points out that the effects have been neutral with only a negative impact on … Read more

Taiwan approved to buy Harpoon missile system from U.S.

Taiwan’s government appreciated the United States on Tuesday for its plans to sell a coastal defence cruise missile system with 100 Harpoon anti-ship missiles for 2.37 billion dollars. Presidential spokesman Xavier Chang said Taipei expressed sincere gratitude to the U.S. after the official notification of the sale to Congress was issued by the U.S. State … Read more

2019 Financials: Value of NNPC’s oil, non-oil assets grew by 19% to N4.67trn

By Michael Eboh The net asset value of the Nigerian National Petroleum Corporation’s, NNPC, oil and non-oil assets appreciated by 18.53 per cent to N4.67 trillion in 2019, from N3.94 trillion recorded in its 2018 financial year. NNPC’s oil and non-oil assets, according to its recently published 2019 Audited Financial Statement, included evaluation and exploration … Read more

PIB: FG plans single regulator for midstream, downstream sectors

ENERGY The Federal Government plans to set up Nigerian Midstream and Downstream Petroleum Regulatory Authority to regulate operators in the midstream and downstream oil industry, under the new Petroleum Industry Bill (PIB).   The new PIB is currently before the National Assembly for consideration. The downstream oil and gas sector are currently regulated by the … Read more

Expert seeks interest free loan for businesses

By Peter Egwuatu Following the impact of the Covid-19 pandemic, coupled with the #EndSARS protests that led to the looting and destruction of businesses, an economy expert has called on banks to initiate interest free loan. This is coming as Access Bank Plc announce N50 billion interest-free loans and grants to support communities, the youths, … Read more

Akere Muna calls on Cameroonians to “wake up” after Kumba massacre

Human rights activist and former Presidential candidate, Barrister Akere Muna has called on Cameroonians to wake up in the face of the violence perpetrated on students at a school in Kumba, South West Region of Cameroon. Atleast seven  children were killed last Saturday, October 24 when armed men invaded the Mother Francisca international bilingual school … Read more

Cameroon:UN scribe calls for investigations into Kumba school killings

The government of Cameroon has been urged to open thorough investigations into the killing of seven children at a school in Kumba, South West Region by gunmen. The children were killed last Saturday, October 24 when armed men invaded the Mother Francisca international bilingual school in Fiango, Kumba, opening fire randomly before taking off. Over … Read more

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