We’ll make a difference in Africa – Insurance firm
Allianz Nigeria Insurance on Monday said it had the right quality of expertise, experience, technology and manpower to make a difference in Nigeria and Africa. ” Allianz Nigeria is well positioned for profitability and growth and we are here to stay in order to expand the frontiers of insurance in Nigeria and Africa at large,” she said. She said the Allianz-Sanlam joint venture agreement was a long-term commitment that would engender positive growth in Africa. According to her, there are a lot of opportunities in Africa and the future of insurance business is in Africa and particularly Nigeria. ” So if the future is Africa, the future is Nigeria, as you cannot have a strategy for Africa, if you do not take Nigeria seriously.
Source:Nigerian Tribune
July 11, 2022 18:16 UTC
Increased use of payment service banks reflecting in the market
THERE are indications that the use of payment service banks is increasingly reflecting in the market while that of Point of Sales (POS) service is reducing. Industry data from the Financial Derivatives Company (FDC) shows that the value of POS transactions in May stood at N682.82 billion as against N666.36 billion in June, representing a -2.41 per cent decline. However, aggregate value of transactions rose by 6.36 per cent in June, an uptick from 1.42 per cent in May, partly supported by increased spending ahead of the Eid al-Adha celebration. This is even as the Central Bank of Nigeria (CBN), over the weekend released an exposure draft on Digital Financial Services Awareness (DFS) guidelines, which the apex bank said it developed in order “to address gaps in consumer knowledge and practices with Digital financial Services (DFS).”According to the CBN’s Consumer Protection Department which issued the document, the guidelines apply to Deposit Money Banks (DMBs), Merchant banks, Other Financial Institutions (OFIs), Payment Service Banks (PSBs) and other payment service institutions as licensed by the regulator. One of the key objectives of the guidelines, the CBN said, is to set “Digital Financial Literacy (DFL) standards for Digital Financial Services Providers (DFSP).”ALSO READ FROM NIGERIAN TRIBUNEFor instance, the document stipulates that DFS providers, among other requirements, are expected to “Provide information that will enable consumers differentiate DFS products from conventional banking products and services; ensure ease of access to information on all product offerings to enable consumers make informed decisions; provide information on products in simple English and local languages; conduct outreach to underserved populations regarding DFS options available to them and provide information on product usage and how to obtain support services when the need arises.”In addition, DFS providers are expected to “Develop and deliver educational materials to prospective and existing customers through basic channels such as Short Message Service (SMS), Unstructured Supplementary Service Data (USSD) and at agent locations, in addition to app, web and social media platforms and submit developed educational materials to the Director of Consumer Protection, CBN for review.”
Source:Nigerian Tribune
July 11, 2022 17:35 UTC
QUIZ: Which 2023 Nigerian Presidential Candidate is Your Guardian Angel?
My heart is normalI prefer not to speakI’m a sweetheart on most daysFrozen no reach the level of my heartHow cold is your heart? The stingy oneThe lazy oneThe rude oneThe nice oneWhich one are you in your family? Pick a Nigerian SayingWhen the rat laughs at the cat, there is a hole nearby. If a monkey is amongst dogs, why won’t it start barking? No matter how dark it is, the hand always knows the way to the mouth.
Source:The Guardian
July 11, 2022 14:55 UTC
Getting more out of life
Life is calibrated in seconds, minutes, hours, days, weeks, months and years. Wasting time on a consistent basis is tantamount to wasting life; it is akin to one cutting one’s vein with a razor. If properly done, he will be able to identify those activities that steal his time and devise ways of getting rid of them. The social media has made life much easier, being an enabler which makes communication possible at the click of a button. Last lineNo one can get more out of life without making judicious use of time.
Source:Nigerian Tribune
July 11, 2022 06:04 UTC
Powerful traits of successful leaders
Successful leaders are the power and intellect behind their organizations. You can begin building your success by developing these traits of a powerful and successful leader. Being an effective communicatorPowerful leaders know when to talk and when to listen. To be a successful leader, you must be willing to keep going when others are tempted to throw in the towel. Even before any definitive information is available, effective leaders must assess a situation’s complexity and choose appropriate courses of action.
Source:Nigerian Tribune
July 11, 2022 05:36 UTC
FAAC allocation drops to N2.1tn in three months
Data collated from different reports of the National Bureau of Statistics showed that in January 2022, the FAAC disbursed N766.47bn to the three tiers of government. This was from the total revenue generated in December 2021. In February 2022, the FAAC disbursed the sum of N692.86bn to the three tiers of government from the total revenue generated in January 2022. Figures for March 2022 showed that the FAAC disbursed the sum of N722.38bn to the three tiers of government from the total revenue generated in February 2022. Cumulatively, the sum of N2.18trn was disbursed by the FAAC to the three arms of government in the first three months of 2022.
Source:Punch
July 11, 2022 03:48 UTC
Ardova Plc submits FY 2022, Q1 2022 results
ARDOVA Plc has announced the release of its 2021 Audited Financial Statements and Q1 2022 Unaudited Financial Results. According to the financial results received from the Nigerian Exchange Limited (NGX), the company posted a profit of N1.54 billion in the year ended December 31, 2021. However, losses from subsidiaries Axles and Cartage, and newly acquired Enyo Retail and Supply Limited created a group net loss position of N3.8 billion. In Q1 2022, AP’s performance shows significant improvements as yields from investments made in 2021 contribute to growth in revenue, sales volume, and profits. We also concluded the acquisition of Enyo Retail and Supply Limited (ERSL) in a deal that makes our retail network the largest in Nigeria.
Source:Nigerian Tribune
July 11, 2022 02:17 UTC
Equities investors lost N139bn in 5days as NGX closed 0.53% lower
Equities trading at the Nigerian Exchange Limited (NGX) last week was bearish as the All-Share Index (ASI) declined by 0.53 per cent. Investors, therefore, lost N139 billion from off their investment during the five-day trading activities. A total of 822.40 million shares valued at N10.37 billion were traded during the week across 20,643 deals on the floor of the Exchange. This is lower than the 1.35 billion units of shares valued at N24.49 billion that exchanged hands in the previous week in 22,155 deals. The Conglomerates Industry followed with 81.70 million shares worth N218.29 million in 605 deals, while the Consumer Goods Industry, stood in third place with a turnover of 55.05 million shares worth N855.32 million in 3,093 deals.
Source:Nigerian Tribune
July 10, 2022 18:51 UTC
Violence-ravaged northern Nigeria battles new war against child malnutrition
Gunmen attacked Halima Musa’s village in Nigeria four years ago, killing her husband and one of their seven children. “It’s been more than one year since the government brought us food items,” she said from Sokoto camp. It is 2pm and Ms Musa is preparing the family’s first – and only – meal of the day. North-west Nigeria’s escalating violence has claimed thousands of lives and displaced hundreds of thousands more. As Nigeria’s jihadi insurgency in the north-east has abated somewhat, the violence in the north-west has worsened, according to authorities.
Source:The Guardian
July 10, 2022 09:43 UTC
Terrorists release seven more train passengers
The terrorists that attacked the Abuja-Kaduna bound AK9 train on March, 28 have released another set of seven hostages in their custody after more than 100 days in captivity in the forest, The PUNCH reports. Mamu, who is also the publisher of the Kaduna-based Desert Herald newspaper, said the release of the seven additional hostages had “vindicated Sheikh Dr. Ahmad Gumi about what the power of mediation can achieve.”He added that the seven released hostages had been handed over to the military and that they were on their way to Kaduna. “That is why I keep emphasising that government has the power to end the agony of these innocent victims in one day. “When you sincerely engage these guys, even though wicked with misguided religious beliefs, they are listening. It is this power of engagement and sincerity that resulted in the release of these seven victims.
Source:Punch
July 10, 2022 07:20 UTC
First Falcons goal thrills Ucheibe
Super Falcons midfielder Christy Ucheibe has expressed her elation at scoring her first goal for Nigeria in their 2-0 victory against Botswana on Thursday. The Falcons started on a bright note and were rewarded with a goal from Ifeoma Onumonu in the first half. After the game, Ucheibe took to social media to share her elation at scoring her first goal for the nine-time African champions. “I am so proud to have scored my first goal for the Super Falcons and helped the team secure this important victory,” she wrote. The 21-year-old represented Nigeria at the youth level, and this year’s WAFCON is her first with the Falcons.
Source:Punch
July 10, 2022 00:12 UTC
US News and Reports — The Guardian Nigeria News – Nigeria and World News
News Argentina turmoil sparks panic buying and price hikes 2 days ago A political crisis in inflation-ravaged Argentina that was sparked by the economy minister's resignation has spooked markets and generated fears resulting in panic buying and hasty price hikes, as the informal exchange rate soars. "Every day it's like going out to hunt a lion," Luis Sacco told AFP in front of his electronics store in… FacebookTwitterWhatsAppTelegram
Source:The Guardian
July 09, 2022 23:15 UTC
Tips for ensuring good food hygiene
Food hygiene is an important aspect of human life that is often not given much attention in this part of the world. This and other reasons are why it is important for everyone to understand how they can practice good food hygiene and save themselves from hundreds of diseases caused by unsafe food by ensuring good food hygiene. In this article, we will be discussing some of the tips for ensuring good food hygiene. Tips for Ensuring Good Food HygieneWash hands thoroughlyIn order to ensure food hygiene, you must wash your hands with soap and clean water before you start preparing food. As much as we understand the importance of food to the survival of humankind, we need to be intentional about ensuring good food hygiene.
Source:Nigerian Tribune
July 09, 2022 14:26 UTC
Commitment makes leaders, countries succeed – U.S.-based Cleric
A U.S.-based Cleric, Pastor Keith Moore, on Saturday said countries’ success depends on the commitment and forward looking of leaders and the citizenry. According to the cleric, the call becomes imperative when one observes and considers the way and manner some Nigerians speak ills of their leaders. The man of God counseled Nigerians to imbibe the idea of offering genuine pieces of advice to leaders rather than running them down. Moore advised both leaders and the led to have a level of trust and commitment for societal and economic growth. He said that as Christians the level of commitment a believer should have was to give his word and keep it no matter the cost.
Source:Punch
July 09, 2022 13:08 UTC
Body weakness and too much sleep
I have been feeling like sleeping all the time for the past few weeks while my body is weak. Blessing (by SMS)ANSWERWhen you combine body weakness with excessive sleeping (Narcolepsy), you have to look into the possibilities of an underlying problem such as Depression, Diabetes among other likely ailments. In addition, issues such as poor night sleep, excessive use of drugs, alcohol, or cigarette use, lack of physical activity, obesity should also be investigated. It will also be useful to maintain a healthy diet, exercise regularly, and try relaxation techniques such as hot baths and massage. If these do not work, kindly see a Medical Doctor who will arrange a thorough Physical examination and Laboratory investigations to get to the root of your problem.
Source:Nigerian Tribune
July 09, 2022 08:40 UTC