Coronation Insurance Group has recorded a profit before tax of N2.2 billion for the year ended December 31, 2023. The Company stated this at its 66th Annual General Meeting (AGM) held yesterday in Lagos, reflecting on a transformative year marked by significant financial and operational milestones. This performance marks a significant recovery from the N1.8 … Read more
The Senate President, Godswill Akpabio, has threatened to sack underperforming committee chairmen. Akpabio gave the warning on Tuesday during Plenary. He was responding to concerns raised by Bauchi Central Senator, Abdul Ningi, who lamented that the Senate Committee on Finance had not conducted oversight on 92 revenue-generating agencies. Akpabio expressed frustration over the continued disregard … Read more
Data and evidence are powerful approaches that enable stakeholders to develop targeted, effective, and sustainable solutions in gender-based violence prevention and response. GBV is preventable and there is more evidence than ever before about what works – a comprehensive, whole-of-government/society approaches, that are supported by dedicated funding, including to women’s rights organizations, are the most … Read more
PoS operators have notified Nigerians that they have increased their charges due to the N50 EMTL deductions by fintech platformsThe EMTL was ordered by the Federal Inland Revenue Service (FIRS) on behalf of the Nigerian government and aligns with the 2020 Finance Act.Fintech platforms say that the move aligns with the Stamp Duty Ac, asking … Read more
The lawmaker representing Bayelsa West Senatorial District, Seriake Dickson, has announced his support for President Bola Tinubu’s tax reforms bills. Speaking during an appearance on Channels Television’s Politics Today, the legislator, argued that the bills were not bad, however, insisted that a robust consultation was needed to allay the fears raised in some quarters. “A … Read more
The domestic equities market yesterday closed on a negative tone, as price decline in Aradel Holdings Plc and 28 others dragged the overall capitalisation lower by N19 billion. Meanwhile, a total of 756.664 million units of FBN Holdings (FBNH) Plc shares were executed as off market trade yesterday at N24.00 in one deal. The trade … Read more
Rosemary Oromoni, mother of Sylvester Oromoni, who died in 2021 under controversial circumstances at Dowen College, passed awaySylvester, a 12-year-old, died after allegedly being bullied and given a toxic substanceThe coroner’s court attributed Sylvester’s death to “parental and medical negligence” and found no bullying or chemical poisoning Rosemary Oromoni, the mother of Sylvester Oromoni, who … Read more
Local airline operator, Aero Contractor, on Tuesday, has begun the sales of one-way tickets on all its destinations to N80,000 for families to reunite during the Christmas and New year celebration. LEADERSHIP reports that airfare has gone up astronomically in the last one year, as one way tickets moved from N50,000 to over N200,000 in … Read more
APC chieftain Jesutega Onokpasa criticized President Tinubu for appointing individuals who allegedly insulted him and the partyOnokpasa warned that Tinubu’s decisions could alienate core supporters, urging him to respect those who defended him during his campaignHe hinted at possible electoral consequences in 2027, stating, “Two can play that game,” if Tinubu continues to disregard party … Read more
Consumer goods company, Promasidor Nigeria Limited has commended its distributors for their role in helping the company achieve business growth in the highly competitive sector in the financial year.This milestone was the spotlight of this year’s Annual Distributors Conference, themed “Bigger, Bolder, Better”. The event held in Lagos, was organised to celebrate the company’s growth … Read more