HEALTH

We’ve Received N6.314 Billion 2nd Tranche Of Paris Club Refunds, Says Aregbesola

The Government of Osun wishes to announce that it has received the second tranche of the Paris Club refunds. The refunds, totaling N6.314bn, was paid into the state coffers on Monday July 17, 2017. In line with our government’s promise to utilize the resources of this state in the best interest of our people, we hereby restate our commitment to this promise as we begin shortly transparent deployment on our commitments to the concerned stakeholders ...
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Nigeria’s 9Mobile Unveils Logo

Emerging Markets Telecommunication Services Limited (EMTS), previously trading as ‘Etisalat Nigeria’ on Wednesday officially unveiled its new brand identity, 9mobile, with a new logo and website. The Chief Executive Officer of 9mobile, Mr Boye Olusanya, said at a news conference in Lagos that the new logo was in conformity with the new name. Olusanya said that with the migration to a new name and brand, 9mobile promised to sustain and continuously provide innovative and value-adding propositions, which it had delivered since inception nine years ago. He said the new brand identity reflected the bold and creative attributes which the company ...
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Obaseki Reduces Costs, Calls For Change

Governor Godwin Obaseki of Edo State has said his administration would cut expenditure and stick to available resources to help the government cope with the reality on ground, while also calling for a change of people’s attitude to expenses. This was on Friday, during a courtesy visit by the Association of National Accountants of Nigeria (ANAN) at Edo State Government House in Benin City, the state’s capital. Explaining, the Governor said that Nigeria was making money, but people’s attitude towards expenses accounted for the country’s present condition, emphasising that attitudinal change would be a step in the right direction for ...
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You Can’t Suspend Me, NHIS Boss Yusuf Blast Health Minister

The Executive Secretary of the National Health Insurance Scheme (NHIS), Prof. Usman Yusuf has rejected the recent directive by the Minister of Health to go on three months suspension. Yusuf was on Friday ordered by the Minister of Health Prof. Isaac Adewole to proceed on three months suspension to pave way for an investigation following petitions were written against him. However, in a letter dated July 12, 2017 Usman gave the reason for his inability to comply with the directive. According to him, under the Act setting up the scheme, the appointment, and removal of the executive secretary is at ...
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Indonesian Firm To Build Refinery In Akwa Ibom

The Nigerian National Petroleum Corporation, NNPC, said  an Indonesian firm, PT Intim Perkasa Nigeria Limited, a subsidiary of PT Intim Perkasa, Indonesia, has indicated interest in building a 10,000-barrel per day modular refinery in Akwa Ibom State. The Corporation made this known in a statement signed by Mr Ndu Ughamadu, Group General Manager, Group Public Affairs Division, in Abuja, on Wednesday. It said  Mr Adi Hartadi, Head of Investor Relations of PTPP (Persero) Tbk, partners to PT Intim Perkasa Nigeria Limited, disclosed the intension of the company during a business meeting with the Group Managing Director of the NNPC, Mr ...
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Nipco Plc Offers $16m For Mobil Oil Shares

Nipco Plc has launched a 4.84 billion naira ($16 mln) offer for the shares it needs to take its stake in Mobil Oil to 70 percent to comply with Nigerian takeover rules, its advisers said on Wednesday. Nipco's investment subsidiary bought 60 percent of Mobil Oil Nigeria from Exxon Mobil Corp. in October, when the U.S. giant pulled out of downstream fuel distribution in Nigeria. Nipco, which was founded in 2001, now owns 66.7 percent of the fuel retailer, according to an offer document seen by Reuters. It is offering minority shareholders 417.12 naira per share for the 3.23 percent ...
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Again, UBA Emerges Financial Brand Of The Decade

United Bank for Africa (UBA) Plc has added yet another laurel to its cap as it emerged the Financial Brand of the Decade at the Marketing Edge Awards which was held over the weekend. The award in recognition of UBA’s innovative and pacesetting role is a product of painstaking review and assessment of the iconic contributions of the brand to the growth, development and continuing evolution of the Nigerian banking industry. It also recognises UBA’s commitment to the enthronement of global best practices in the Nigerian banking sector. The awards session was dedicated to outstanding brands (both corporate and product) ...
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Govt. Seal Chinese Oil Company Over N109m Tax Liability

A refinery The Bayelsa Board of Internal Revenue (BIR) has sealed off a Chinese company, Hilong Oil Services and Engineering Company Limited over alleged tax default of N109.5 million. The enforcement team of BIR comprising armed policemen and personnel of the Nigeria Security and Civil Defence (NSCDC) sealed off the company’s premises located at Elebele, Ogbia Local Government Area of Bayelsa. The Director of Compliance, BIR, Mr Robert Lokoson, who led the enforcement team, said the state government authorised the operation in order to recover a tax debt of N109.5 million owed it by the company since 2013. Lokoson said ...
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