mutual benefits
The Federal Ministry of Science, Technology and Innovation, has reached an agreement with CLINOTECH Laboratory Limited on the production and distribution of Rapid Diagnostic test kits. The agreement was signed on Monday between the Federal Ministry of Science, Technology and Innovation, Nigerian Institute of Laboratory Science Technology (NILST) and CLINOTECH Laboratory Ltd. According to the press statement signed by the Read More
A group of retired footballers and ex-Nigeria internationals who once plied their trades in Lagos under the aegis Lagos Legends Club have announced plans to stage a football fiesta aimed at reuniting the retired footballers, home and diaspora. In a statement signed by a top member of the LLC, Monday Kanu, the coming together of former football colleagues tagged, ‘ Read More
Editor Blueprint Newspapers (Daily) Abdulrahman A. Abdulrauf has urged trainee journalists to be conscious of their integrity if they are to make a fulfilling career out of journalism. He also said journalism is one profession that prides itself in the service of humanity, stressing that anyone desirous of quick material wellbeing should look outside the wall of the pen profession. The Read More
Equity market on the floor of Nigerian. Exchange Thursday sustained volatility, shedding N99 billion. Specifically, market capitalisation of listed equities declined by 0.49 per cent to N19.829 trillion from N19.928 trillion reported the previous day. The Nigerian Exchange (NGX) All Share Index also depreciated by 189.10 basis points to 38044.58 points from 38233.68 points reported the previous day. Investors traded Read More
Equity market on the floor of Nigerian.Exchange Thursday sustained volatility, shedding N99 billion. Specifically, market capitalisation of listed equities declined by 0.49 per cent to N19.829 trillion from N19.928 trillion reported the previous day. The Nigerian Exchange (NGX) All Share Index also depreciated by 189.10 basis points to 38044.58 points from 38233.68 points reported the previous day. Investors traded 214.172 Read More
Volume of activities on the floor of Nigerian Stock Exchange Thursday increased by 72.5 per cent, as the market closed in a downward trend. The volume transactions increased by 471.351 million as investors traded 1.121 billion shares valued at N6.397 billion in 7404 deals against 649.649 million shares cost N4.611 billion in 6296 deals. The NSE trading result showed that Read More
Mutual Benefits Assurance Plc sailing on shareholders’ endorsement is set to advanced its recapitalisation efforts in compliance with the regulatory requirement set for underwriting companies in the industry. The underwriter is embarking on a private placement to raise additional N4.8 billion, from its existing investors who have shown interest to increase their stake to enable the company meet its new Read More
The Federal Government in collaboration with the University of Dundee, Scotland are to develop a technical committee to focus on the study of Nanotechnology, Biotechnology, Forensics and Information Communication Technology for mutual benefits. The Minister of state for Science and Technology Barr. Mohammed Abdullahi disclosed this when he received the Associate Dean of the University of Dundee Professor, Peter Mceleavy Read More
Kuwaitian Government has reiterated commitment to strengthen the diplomatic ties with Nigeria to further achieve sustainable global peace and mutual economic prosperity. The Ambassador of the State of Kuwait to Nigeria, Amb. Abdulaziz Albishir Bu Uthman, stated this in Abuja, Monday, shortly after distributing Eid-el-Kabir Sallah packages such as food items, meat, noodles and groundnut oil among others to over 10,000 Read More
A 34-year-old, Dan Ismaila, was yesterday docked at an Abeokuta Chief Magistrates’ Court for allegedly forging receipts and stealing N1.39 million belonging to his employer, Mutual Benefits Life Assurance Ltd. The accused is facing a threecount charge of forgery, false representation and stealing. According to the prosecutor, ASP Sunday Eigbejiale, the accused committed the offences between July 2015 and April Read More
Trading activities on the floor of Nigerian Stock Exchange (NSE) last week closed in negative trend, dropping by N10 billion. The market capitalisation depreciated by 0.07 per cent to N14.931 trillion from N14.940 trillion reported the previous week. The Nigerian Stock Exchange All Share Index declined by 26.17 to 41218.72 from 41244.89 points traded two weeks ago. Similarly, all other Read More
Investment in the nation’s equity market last week closed in an upward trend, appreciating by N198 billion. Specifically, market capitalisation of listed equities increased by 1.34 per cent to N14.940 trillion from N14.742 trillion reported the previous week. The Nigerian Stock Exchange All Share Index increased by 430 basis points to 41244.89 points from 40814.89 recorded the previous week. Similarly, Read More
Trading activities on the floor of Nigerian Stock Exchange last week close in negative note shedding N42 billion. Specifically, market capitalisation of listed equities declined by 0.28 per cent to N14.743 trillion from N14.784 trillion reported in the preceding week. Also, the NSE All Share Index declined by 113.81 basis points to 40814.89 from 40928.70 recorded the previous week. The Read More
Some Nigerian banks failed to submit their audited reports for the 2017 financial year, missing the deadline given by the Nigerian Stock Exchange, NSE. The banks, listed on the NSE, in their various disclosures gave different reasons for the delays in the submission. The NSE had announced March 31 as the deadline for fi ling of the reports. Many of Read More
Trading activities on the floor of Nigerian Stock Exchange took negative trend last week, declining by N20 billion. Specifically, market capitalisation of listed equities fell by 0.13 per cent to N14.981 trillion from N15.001 trillion reported the previous week. The Nigerian Stock Exchange All Share Index depreciated by 463.83 basis points to 41472.10 points from 41935.93 recorded the previous week. Read More
By Benjamin Umuteme Abuja The Minister of Transportation, Rotimi Amaechi, has assured that the Itakpe-Ajaokuta-Warri standard gauge rail lines would commence commercial activities in August. Amaechi, who, told newsmen in Abuja on Wednesday, added that the ministry was putting in place all the necessary facilities to ensure that the rail lines start operation. He said that seven coaches were expected Read More
The Nigerian Stock Exchange (NSE) over the weekend review its NSE-30, and its seven sectoral indices, following the completion of the year-end review and index rebalancing exercise which will see the entry of some major companies and the exit of others from the various indices. Most affected in the review were Oando Plc and 7-Up Bottling Company, which have been Read More
Supervision (RBS) in the insurance industry, despite its ability to rescue the drowning financial subsector. In this report, DAVID AGBA writes that with its operational advantages, domestication and implementation of RBS to cater to the peculiarities of insurance industry in Nigeria, may be the path to toe in further developing the industry and deepening its impact on the economy. Whenever Read More
By Uji Abdullahi Iliyasu Abuja Minister of Education, Mallam Adamu Adamu has lauded the People’s Republic of China for its remarkable presence in the Nigerian real sector through the construction of roads, bridges and other social landmarks. The minister said this in his office while addressing the Chinese delegation made of the Central South University (CSU) and the Chinese Civil Read More
The Management of Old Mutual Nigeria has reassured its customers of better service delivery, innovative products that would meet their needs in 2018. The company, which believes that its growth and success lies critically on the appreciation of its services now and in the future by the customers, says focus in 2018 and beyond shall be on customer satisfaction. The Read More
A former Minister of Health, Onyebuchi Chukwu, has said that Nigeria was losing N175 billion annually to medical tourism. Chukwu made the claim at opening ceremony of the 2017 Faculty of Clinical Sciences 10th Faculty Week & Scientific Conference, Obafemi Awolowo University, Ile-Ife, on Tuesday, with theme: “Medical Tourism in Nigeria.” He said the wasted fund was more than 50 Read More
By Binta Shama Abuja The federal government has appealed to a trade mission from the United Kingdom to invest in the commercialization of Nigerian research findings and innovations. The Minister of Science and Technology, Dr. Ogbonnaya Onu made the call when a trade delegation from UK paid him a courtesy visit in Abuja. The minister disclosed that some of the Read More
By Bashir Mohammed Kano Kano state government will create enabling environment for Indonesian investors to invest in the state’s agricultural sector, towards revamping food production for local consumption and export, Governor Abdullahi Umar Ganduje, has disclosed. He said Kano “will open its doors to them in the area of food processing, to curb undue wastage of rice, wheat and vegetables, Read More
Mutual Benefits Assurance Plc has declared the 2017 Interswitch Payment Innovation Driver Award Winner in the Insurance Category of the Interswitch Awards and Gala Night held in Lagos. The Company won the Award in recognition of the innovative cashless payment solutions, which the Company and its subsidiary; Mutual Benefits Life Assurance Ltd. have put in place to ensure its esteemed Read More
The National Council on I n f o r m a t i o n ( N C I ) h a s recommended the “setting up of a Council to regulate the use of social media in Nigeria”. The recommendation is contained in a communique issued at the end of extraordinary meeting of NCI on hate speeches, fake news Read More
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