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Author: Bayo Akomolafe

Bayo Akomolafe

Nigeria imports N330.23bn pharmaceutical products

●Local production falls by 80%   Nigeria has imported N330.23billion ($733.86million) worth of pharmaceutical products from Germany, India and the United States in the last two years. It was learnt that only 20 per cent…

Diebold, NCR deploy software to combat ATM deposit fraud

Diebold Nixdorf and NCR have announced that they are deploying software updates for Automated Teller Machines (ATMs) impacted by deposit forgery.   The forgery occurred when fraudsters with physical access to an ATM machine tampered…

Report: Global firms raise $65.5bn in August

SUBSTANTIAL Governments, central banks have provided $15trn of stimulus to tackle COVID-19     Companies have raised $65.5 billion through Initial Public Offerings (IPOs) and highyield bond issuances globally so far in August, the highest…

…upgrades X-Whistle to boost investor protection

The Nigerian Stock Exchange (NSE) yesterday announced the upgrade of its whistleblowing platform, X-Whistle, to further strengthen investor protection.   X-Whistle, which was first launched in 2014, is a web-based whistleblowing portal that empowers a…

Flour miller reports N68m Q1 profit

Northern Nigeria Flour Mills Plc has posted a profit after tax of N68.501 million for the first quarter ended June 30, 2020 as against N10.755 million recorded in 2019, accounting for 536.92 per cent increase.…

Absa unlikely to declare fullyear dividend

One of South Africa’s major lenders, Absa, has said it is unlikely to declare a fullyear dividend after its interim profit plunged by 93 per cent amid the coronavirus crisis.   The lender, in the…

Noise pollution: Lagos seals RCCG parish, eatery, others

Lagos State Environmental Protection Agency (LASEPA) yesterday sealed houses, churches, eateries and other facilities for noise pollution and other infractions. Structures sealed included residential buildings situated at 21B, Akin Ogunlewe Street, Victoria Island; Christ  …

Accrued rights: FG releases N14.92bn for retirees

The Federal Government has released the sum of 14.92 billion for the payment of accrued rights for retirees under the Contributory Pension Scheme (CPS). A statement made available to New Telegraph by National Pension Commission…

Group awards 40 global youth achievers

A Nigeria-based nongovernmental organisation (NGO), Make Me Elegant Foundation, is set to recognise forty young people across the globe.   The foundation, headed by Mrs. Kehinde Okoroafor, an entrepreneur, who is also the chief executive…

Apprentice, 27, defiles 10-year-old girl

Police have arrested a 27-year-old man, Inalegwu Ochekwu, of Otukpo town in Otukpo Local Government Area of Benue State for allegedly defiling a 10-year-old girl, Franca.   The incident occurred on Saturday. Franca told journalists…