The Nation Newspaper Today Headline Monday 20th January 2020
The Nation Newspaper Today Headline and news Dailies Update on current affairs happening now in Nigeria today 20/01/20
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Shareholders to inject N14b into LASACO, says CEO
Our Reporter Major shareholders of Lasaco Assurance Plc are to pump in about N14 billion to increase the minimum paid-up share capital of the company to N18 billion, as mandated by the National Insurance Commission (NAICOM), the Chief Executive Director of the underwriting firm, Segun Balogun, has said. NAICOM on May 20, last year mandated
Igali hails Dare over wrestling feat
Agency Reporter The President of the Nigeria wrestling Federation (NWF), Daniel Igali has showered praises on the minister of sports Sunday Dare for his role in the feat achieved by Nigerian wrestlers at the just concluded Ranking Series Tournament in Rome, Italy. Oduayo Adekuoroye, competing in the 57kg category defeated Anshu Anshu of India 10-0
Recapitalisation: NIA praises NAICOM on deadline extension
Our Reporter The Nigerian Insurers Association (NIA) has commended the National Insurance Commission (NAICOM) for its recent extension of deadline for recapitalisation of insurance and reinsurance companies in the country, describing it as a step in the right direction. Director -General of the association Mrs. Yetunde Ilori, while commenting on recent developments on the industry
Finance Bill excites insurers
For 12 years, insurance operators cried as they were charged double tax in billions on premiums and claims paid to the insured. The new Finance Bill has just made the difference they have been clamouring for. Omobola Tolu-Kusimo reports. Underwriters have been pursuing an amendment to the Companies Income Tax (Amendment) Act 2007 (CITA) to
NFF, Rohr set aside new contract talk
Andrew Abah, Abuja The General Secretary of Nigeria Football Federation (NFF) Dr Sanusi Mohammed has revealed that the contract talks between the federation and Super Eagles coach Gernot Rohr has been put on hold to enable the two parties focus on the upcoming 2021 Africa Cup of Nations and Qatar 2022 World Cup qualifiers
Ogunjobi memoriam tournament gets kick off date
Agency Reporter No fewer than two hundred (200) players will contest for the maiden edition of late Chief Taiwo Joseph Ogunjobi U-17 Tournament which will take place from January 26 to February 10 Ilesha Government High School, Osun State. The age grade tournament is sponsored by former Nigeria international and Assistant Technical Director of Nigeria
Fall: BAL will make basketball better in Africa
By Adeyinka Adedipe President of the newly-introduced Basketball Africa League (BAL) Amadou Gallo Fall said the body will reposition basketball in Africa and build an ecosystem that will be beneficial to stakeholders on the continent. The BAL, a partnership between FIBA and NBA, is a new professional league in Africa featuring 12 clubs and scheduled
Unemployment rate set to rise, says don
Our Reporter Nigeria’s unemployment rate, which stood at 23.1 percent in 2018, will not continue drop, a consultant to the World Bank, Prof. Abel Ogunwale, has said. According to a report by the National Bureau of Statistics (NBS), as at the third quarter of 2018, unemployment rate stood at 23.1 percent; underemployment rate was 20.1
Stakeholders seek incentives to push crude output
By Akinola Ajibade Nigeria’s crude oil production will improve maximally if indigenous operators are given incentives, the Director, Centre for Energy Studies, Prof. Wunmi Iledare, has said. This came as the country’s crude output fell to 1.57 million barrels per day from 1.66 million barrels per day last November, according to the monthly report released
Australian Open: Serena seeks 24th Grand Slam
Serena Williams is the firm favourite to win the Australian Open as she again bids for a record-equalling 24th Grand Slam singles title. The 38-year-old American is aiming to match the record set in 1973 by Australia’s Margaret Court, who will be recognised at the tournament on the 50th anniversary of her calendar Grand Slam.
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