Business

Port security officers decry increasing maritime crimes

Ports Facility Security Officers Forum of Nigeria (PFSOFN) has said that countries in the Gulf of Guinea have lost billions of dollars to piracy, armed robbery and other maritime crimes.   The association disclosed this in Asaba in Delta State while proffering solution and sharing intelligence to improve all ports security in the Gulf of […]

Business

Stanbic IBTC reaffirms market dominance at FMDQ Gold Awards

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has won six awards at the 2021 FMDQ Gold Awards recently.   According to a press release, Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, emerged as the FMDQ FX Market Liquidity Provider of the year, FMDQ OTC FX Futures Bank of […]

Business

Fitch warns emerging markets of inflation threat

Fitch Ratings has said that while higher inflation is generally credit negative for countries, it presents particular risks for emerging markets “as they often face higher and more volatile inflation than developed markets and are exposed to greater currency instability.   The agency, which stated this in a report obtained by New Telegraph, noted that […]

Business

Climate change research gulps $1.5trn in 20 years

A Research fellow at Science and Technology Policy Research Institute (STEPPRI) of the Center for Science and Industrial Research (CSIR), Dr. Portia Williams, has said that over $1.5 trillion has been pumped into climate change research in Africa. Williams, who disclosed this during a two-day summit for Young African Leaders (YAL) held in Accra, Ghana, […]

Business

African Alliance’s profit grows by 1,300% to N5.67bn

African Alliance Insurance Plc’s profit before tax grew to N5.67 billion in 2020, compared to a loss of N7.04 billion in 2019, representing over 1,300 per cent year-onyear increase.   Disclosing this at the company’s 52nd Annual General Meeting held in Lagos, retired chairman of the company, Dr Anthony Okocha, highlighted the many progresses of […]

Arts & Entertainments

Career woman and challenges of male chauvinism

Title: Thesis, Antithesis and Synthesis of Life Author: Deaconess Joan Olatoyosi Ayo, OON Publisher: Kraft Books Limited Year of Publication: 2021 Pagination: 374 Reviewer: Pastor Olamitayo Irantiola   The life of a woman is usually filled with many details and they are abundantly endowed with words. However, not many of them are willing to painstakingly […]

Arts & Entertainments

Pomp, festivity as 30th Ikorodu-Oga Day ends

For eight days, penultimate week, Ikorodu, the second most populous Local Government Area in Lagos State, was agog with arts and cultural activities. It was this year’s edition of Ikorodu-Oga Day celebration, the 30th in the series.   No doubt, the 30th Ikorodu Oga Day celebration has come and gone but the sweet, inspiring memories […]

Business

HI’21: Total foreign capital flows decline 61.1% to $2.8bn

Foreign investors’ apathy towards Nigeria continued in H1’21 as total foreign capital flows stood at $2.8 billion, which translates to a 61.1 per  cent y/y decline compared to H1:2020 ($7.1 billion) according to Afrinvest report obtained by New Telegraph.   The Group Managing Director, Afrinvest West Africa, Ike Chioke, who stated this in Afrinvest’s 2021 […]

Business

Commodity exchange critical for economic devt

Vibrant commodity ecosystem will aid diversification from oil to non-oil sectors and boost the nation’s economic development. CHRIS UGWU writes   The need for vibrant commodity exchanges has become necessary as agriculture, which is supposed to be the mainstay of Nigerian economy, has suffered from years of neglect, inconsistency, poorly conceived government policies and lack […]

Business

CIBN dinner: Emefiele harps on building resilient economy

The 56th Chartered Institute of Bankers of Nigeria (CIBN)’s annual bankers’ dinner, which took place at the Federal Palace Hotel, Lagos, last Friday, was yet another opportunity for the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, to again, stress the need for all Nigerians to work towards building a resilient economy […]

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