Author: Chief Editor

Rebecca Ejifoma writes on the efforts of the Nigeria Sovereign Investment Authority/Lagos University Teaching Hospital, NSIA-LUTH, Cancer Centre, NLCC, in providing comprehensive treatment, including psychotherapy for cancer patients, while calling on Nigerians and West Africans to its state-of-the-art centre with cutting-edge equipment for early detection to tame cancer scourge Despite the presence of fully equipped cancer care centre like the NLCC, no one wishes to be diagnosed with any form of cancer – cervical and breast, among others. This is because, over the years, experts have expressed worry at the rate at which the treatable disease is synonymous with death by…

SKG Pharma Limited, Lagos, a top-tier pharmaceutical company in Sub- Saharan Africa has been charged to take advantage of its rich quality and large product portfolio to explore opportunities in continental and global pharmaceutical markets. Director-General of National Agency for Food, Drugs Administration and Control (NAFDAC) Prof. Mojisola Adeyeye, during a working visit to SKG Pharma Limited facility in Ikeja, Lagos, said the company has the potential to be a big player in the African and even global pharmaceutical market by the sheer size of its factory, its quality drugs and large product portfolio across several health needs. “With what…

By Olusegun Adeniyi The less you say, the less risk you run of saying something foolish, even dangerous. In 1825 a new czar, Nicholas I, ascended the throne of Russia. A rebellion immediately broke out, led by liberals demanding that the country modernize—that its industries and civil structures catch up with the rest of Europe. Brutally crushing this rebellion, Nicholas I sentenced one of its leaders, Kondraty Ryleyev to death. On the day of execution, Ryleyev stood on the gallows, the noose around his neck. The trapdoor opened but as Ryleyev dangled, the rope broke, dashing him to the ground. …

Apostle Orokpo Micheal Apeh was born on 1st of March, 1981. He hails from Otukpa in Idoma land, Benue state where he had his childhood. He was born into the Orokpo family where his father was a professional in the veterinary line. He holds a Bsc (Bachelors degree in Pure Chemistry), Msc. (Masters Degree in Physical Chemistry) and a Doctorate Degree in Chemistry from the Benue State University of Agriculture, Makurdi (BSU). At a very tender age he began to have encounters of the Lord Jesus Christ but still naive as a child, the Lord began to draw him and…

The Minister of State for Petroleum Resources, Chief Timipre Sylva, will today perform the ground-breaking ceremony of the Oloibiri Museum and Research Center (OMRC), in Ogbia Local Government, Bayelsa State. The Minister would also perform the same activity at the proposed NCDMB Conference Hotel Project (CHP), a three-star hotel being developed by the Nigerian Content Development and Monitoring Board (NCDMB) at Swali, Yenagoa. The Oloibiri Museum and Research Centre will be erected at the location where commercial quantities of oil were first discovered in 1957 by Royal Dutch Shell. The event is coming 66 years after the historic discovery of…

The agricultural sector is being hindered by myriads of challenges that have deprived it from reaching its full potentials. Gilbert Ekugbe writesThe agricultural sector is not immune from the environmental and socio-cultural challenges facing other sectors of the Nigerian economy. For instance, Foreign Direct Investment (FDI) in the Nigerian agricultural sector dropped to $59.17 million in the first six months of 2022, which is the lowest in five years. It has also been identified that insecurity has remained one of the top challenges hindering local and foreign investors from investing in the country’s agricultural sector. Data from the National Bureau of Statistics (NBS)…

Successive administrations in the National Insurance Commission including the incumbent, has been unable to effectively implement compulsory insurance as enshrined in Insurance Act 2003 as a result of several challenges, writes Ebere Nwoji Compulsory insurance are insurance that are made mandatory by law. In Nigeria, there are six of them but the most popular one is the Motor Third Party Insurance meant to ensure the safety of Third Party road users; the government has made it compulsory for citizens and residents to have motor insurance before plying public roads. Effective enforcement of compulsory insurance in Nigeria is one dream commissioners for insurance in…

Nume Ekeghe writes on the recent downgrade in ratings by both Moody’s and Standard & Poor’s and its effect on the perception of Nigeria to international investors Nigeria’s prospects of raising funds at the international market were further dampened recently with the latest ratings by international rating agencies. Moody’s Investors Service had downgraded the sovereign ratings of the country while S&P had reviewed its outlook of the country to negative. The two rating agencies were concerned about the rising level of Nigeria’s debt and the country’s ability to continue to meet its debt obligations in the future. Moody’s had downgraded government’s…

Data collated has shown that the Central Bank of Nigeria (CBN) raised N277.47 billion through the treasury bills market in January 2023. The apex bank carried out TBills auction twice worth N55.39billion in the first auction and N220.53billion in the second auction.  The breakdown disclosed that the CBN at the first auction on January 11, 2023, offered TBills worth N56.93 billion – N1.55 billion for the 91-day, N1.49 billion of the 182-day, and N53.90 billion of the 364-day to investors. Demand was higher, especially for the 364-day TBills, as the total subscription settled at N310.44 billion, followed by 182-day TBills…

Ardova Plc has informed the Nigerian Exchange (NGX) of its intention to delist as a publicly listed company. This is on the backdrop of Ignite Investments & Commodities Limited proposed N17.38 per share buyback. Company Secretary, Ardova Plc, Mr. Oladeinde Nelson-Cole in a statement said it had been approached by its parent company, Ignite Investments & Commodities Limited to acquire the shares held by other shareholders of the company at an offer price of N17.38 per share. Ignite Investments & Commodities Limited currently owns 74 per cent of Ardova and is the majority shareholder of the company. Nelson-Cole said the…