Cybercrime: Underwriters mull N127bn yearly losses cover

Local underwriters have restricted themselves to conventional risks over the years due mainly to financial inadequacy Following an upsurge in predicate offences and other criminal activities, Nigerian underwriters are targeting 2018 to design products for potential victims of such vices, including cybercrime. Cybercrime, which has cost Nigeria its reputation in the international community, has led to annual losses of over N127 billion as revealed recently by the Minister of Communications, Mr. Adebayo Shittu. The underwriters’ inroad into the new policy initiative, according to findings, is, however, subject to commensurate capital…

Read More

N’Korea threatens new missile tests

North Korea will continue to test missiles, a senior official has told the BBC in Pyongyang, despite international condemnation and growing military tensions with the US. “We’ll be conducting more missile tests on a weekly, monthly and yearly basis,” Vice Foreign Minister Han Song-Ryol told the BBC’s John Sudworth. He said that an “all-out war” would result if the US took military action. Earlier, US Vice-President Mike Pence warned North Korea not to test the US. He said his country’s “era of strategic patience” with North Korea was over. Pence…

Read More

$100m oilfield chemical investments at risk

The over $100 million investments in oilfield chemical sub-sector of Nigeria’s oil and gas industry is on the brink of collapse, New Telegraph has learnt. Investigations revealed that stakeholders in sub-sector are rising against this major threat to business exasperated by longerthan- necessary tendering cycle in Nigeria, which is six times longer than that of its rival oil producer in Africa, Angola. Former President, Nigerian Society of Chemical Engineers, Dr. John Erinne, has also confirmed this challenge. He told this newspaper on the side-line of Second National Oil and Gas…

Read More

‘Fleet mgt firms rake in N1.7bn yearly’

The management of Rosabon Financial Services has said that fleet management and other corporate lease solutions made on average return of about N1.7 billion annually from companies in the country. Head, Communication, Kehinde Ruth Onasoga, in a statement, said: “Recent statistics have shown that companies in Nigeria, on the average, spend at least N1.7 billion annually on fleet management and other corporate lease solutions just to be able to address their logistical challenges. “Even at that, combining daily business activities with fleet management operations is becoming an increasingly difficult task…

Read More

Top 100 Tourism Personalities West Africa to headline Accra Weizo 2017

As preparations peaked for this year’s Accra Weizo, a travel and tourism trade forum holding in Accra, Ghana, the organisers of the yearly event have revealed that their compendium on the Top 100 Tourism Personalities in West Africa would be presented to the public during the event. “Top 100 Tourism Personalities in West Africa is a report of ‘Who is who’ in the travel and tourism industry in West Africa. This is in line with the vision of Accra Weizo, the Economic Community of West Africa States (ECOWAS) travel and…

Read More

Uyo to host Hotel Managers’ Conference 2017

This year’s edition of the yearly Hotel Managers’ Conference 2017 is set to open in Uyo, Akwa Ibom State capital, with the theme: ‘Certifications and Professionalism.’ Holding at Eemjm Hotel, the conference convener, Olugbenga Sunday, said that the hospitality conference, which is in its second year, “is borne out of the passion and drive to improve the performance of hotel operations in Nigeria and Africa in general.” He stated further that “there is a big gap between international hospitality brands and indigenous brands both in administrative and general operating standards.…

Read More

Badagry celebrates Lagos @50 with Coconut Festival today

As activities marking Lagos @50 continues to unfold across various localities in the state, Badagry is taking turn to celebrate with Coconut Festival, which opens today with the grand finale set for Easter Sunday at the Old Slave Port Marina. The two days festival theme is: ‘Coconut as a cash crop, potential for galvanizing development in Lagos state coastal communities.’ The Lagos State Governor Akinwunmi Ambode is the special guest of honour while his deputy, Dr. Idiat Oluranti Adebule, is the mother of the day. The former Head of Service,…

Read More

Cancer-detecting chewing gum to replace blood tests

In an effort to make cancer diagnosis simple, a biotechnology company has developed chewing gum that could determine whether or not an individual has cancer. According to scientists behind the initiative, the gum absorbs what are called ‘volatiles’, which are chemical compounds that are released by certain forms of cancer in the person’s saliva as they chew it. After it has been chewed for 15 minutes, the product is then analysed to determine whether or not it contains these specific chemicals. So far, the scientists at the Alabama-based firm, ‘Volatile…

Read More

Curtailing the meningitis scourge

The Nigerian Centre for Disease Control (NCDC), on March 30, raised the alarm over the outbreak of the highly contagious Cerebrospinal Meningitis (CSM) which, then, had claimed 282 people. Deaths, through the disease, were recorded in five states viz: Zamfara (44), Katsina (32), Sokoto (19), Kebbi (10) and Niger (4). Cerebrospinal Meningitis, a recurring sickness in the North, has now become a national scourge, claiming over 336 people all over the federation this year alone. The affected areas include Yobe, Cross River, Federal Capital Territory, Abuja and some parts of…

Read More