December 2019

Electricity Workers Suspend Strike Action

The National Union of Electricity Employees (NUEE) has suspended its strike action embarked upon on Wednesday to draw federal government’s attention to the plight of its members.

Following a meeting with officials of the federal government, the union accepted to discontinue the one-day old strike action.

According the National President of NUEE, Comrade Joe Ajaero who confirmed the outcome of the meeting to THISDAY, the workers’ grievances were conclusively addressed.

He said that all the concerns of the union and it’s members were addressed at the talks which lasted till the wee hours of today.

“ We have concluded deliberations …

Looted Nigeria Heritage Resources: The Untold Story

Two weeks ago, Nigeria’s minister of culture and tourism, Alhaji Lai Mohammed, was in Lagos and took to the media to lament the very unfortunate but slow response by certain foreign powers to return Nigeria stolen artifacts in their custody. Knowing Lai Mohammed very well, something must have pricked him into this action and it is not our business today to really find out why this politician from Kwara would want to take on the global mafia running underground the very lucrative business on artifacts and heritage resources. 

Even though this underground business cuts across the entire world, Africa,

Court Rejects Abdurasheed Maina’s Bail Request

Maina’s Sister, Fatima Abdullahi Testifies Against Him

There was a mild drama at the Federal High Court in Abuja on Wednesday when Fatima Abdullahi, a younger sister of Abdulrasheed Maina, was giving evidence as a prosecution witness in the ongoing trial of the former Chairman of the defunct Pension Reform Task Team.

Fatima, who was brought as a prosecution witness by the Economic and Financial Crimes Commission, (EFCC), told the court that her brother surreptitiously used her picture and name to operated a bank account without her knowledge.

Testifying before the Federal High Court, Abuja, the witness, who gave her testimony behind a screen, said she never

Niger Insurance Repositions With New Transformation Plan

Niger Insurance Plc has unveiled a five-year growth and transformation plan to revamp its operations for excellent service delivery and competitiveness in a rapidly changing business environment.

This was even as the company said it paid over N1.4 billion claims to customers in the past nine months while promising that other unsettled claims will be paid soonest.

Speaking at a recent press conference in Lagos, the Managing Director, Niger Insurance, Mr Edwin Igbiti, said the transformation blueprint over the next five years (2020 to 2024), focuses on operational and technological advancements in delivering bespoke insurance solutions to businesses, institutions and

STI Records 72.50% Rights Issue Subscription

Sovereign Trust Insurance Plc, has announced that its rights issue to its existing shareholders recorded a 72.50 per cent subscription.

Following the successful completion of the rights issue offer, the Securities and Exchange Commission, (SEC) has given approval to the underwriting firm to make public to the company’s shareholders and other related parties the result of the offer which ended on August 21, 2019, after it was extended at the expiration of its initial closing date of July 31, 2019.

It will be recalled that a total of 4,170,411,648 ordinary shares of 50 kobo each at 50 kobo per share …

African Alliance Pays ₦6bn Claims In 9 Months

African Alliance Plc says it settled ₦6 billion worth of claims as at the end of third quarter 2019.  

The Managing Director and CEO, African Alliance, Funmi Omo, disclosed this at a press conference in Lagos, while reiterating the management’s commitment to sustaining the upward growth trajectory across all metrics.

“Ours is a business that has seen it all and survived it all. Our position in just two years compared to now is a testament to the unstinting leadership and guidance of our Board, the relentless drive of the executive management and a most committed and flexible staff who never …

CPS Yet To Be Implemented In 11 States

The National Pension Commission (PenCom) has said that 11 states in the country are yet to embrace the Contributory Pension Scheme (CPS) due to resistance from labour unions and state government.

Mr. Babatunde Philips, Head, States Operation Department, PenCom, disclosed this at the 2019 Journalists Workshop in Benin, Edo State, adding that only 25 out of the 36 states in Nigeria have enacted the CPS law.

Philips said that despite the 25 states announced by the commission, only Lagos, Kaduna, FCT, Ondo, Edo, Anambra, Ekiti, Osun, and Delta state are actively implementing the scheme while nine states including FCT …

Google, IOM To Train, Empower 93 Returnees In Edo, Lagos

Google Nigeria has entered into partnership with the International Organisation for Migration (IOM) to conduct IOM’s first Digital Skills Training for returnees and potential migrants in Edo State and Lagos State.  

The training has, however, drawn 93 participants, including returning migrants, interested in setting up small-scale businesses as well as mentorship and job placement opportunities. The one-day training consisted of hands-on sessions on how to build participants’ online presence and improve their search campaigns, job-seeking skills online.

According to the organisers, most Nigerian returnees are between the ages of 18-35, and many of them return with knowledge, skills and experiences

Eruption Fears Halt Plans To Get Bodies Off Zealand Volcano

Fears of another eruption at the New Zealand volcano believed to have killed 15 people made it too dangerous for emergency teams to recover bodies, police said Wednesday, as doctors fought to save survivors who suffered horrific burns.

The official death toll after Monday’s explosion on White Island stands at six, with police listing another nine as missing, up from the previous figure of eight.

Their bodies are thought to be on the island, but it remains too hazardous for rescuers to travel there, and for forensic pathologists, odontologists and other victim identification experts to begin their work.

AFP /

As Strike Drags On, French Gov To Unveil Pension Plan

The French government will unveil the details of a pension reform plan Wednesday that has already seen workers down tools in anticipation, crippling transport for a week as hundreds of thousands took to the streets in protest.

A speedy resolution appears unlikely, with Prime Minister Edouard Philippe warning Tuesday — the sixth day of an open-ended transport strike — of a lengthy battle ahead as unions vowed not to yield.

The industrial action has paralysed public transport in Paris and disrupted national rail services and grounded many planes.

It is the biggest show of union force since President Emmanuel Macron …

Foster Vows To Restore All Black Aura After Taking Top Job

Ian Foster pledged to restore the All Blacks’ aura of invincibility on Wednesday as the former assistant coach was promoted to the top job, tasked with rebuilding the three-time world champions after a disappointing World Cup.

New Zealand Rugby opted for continuity in naming Foster, who was the preferred candidate of illustrious departing coach Steve Hansen, under whom he worked for eight years.

He beat main rival Scott Robertson to the job, despite the Crusaders mentor winning three straight Super Rugby titles, with NZR saying the 54-year-old offered “fresh energy”.

“He brings world-class international experience to the role, an incredibly …

Bougainville Voters Back Independence By Landslide

Voters backing Bougainville’s independence from Papua New Guinea have won a landslide referendum victory, according to results released Wednesday — a major step toward the troubled isles becoming the world’s newest nation.

Chairman of the Bougainville Referendum Commission Bertie Ahern declared 176,928 people — around 98 percent of voters — had backed independence with just 3,043 supporting the option of remaining part of Papua New Guinea with more autonomy.

The announcement prompted loud cheers, applause and tears as dignitaries soon burst into song, with strains of the islands’ anthem “My Bougainville” ringing out.

“Happy is an understatement” nursing graduate Alexia …