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The National Insurance Commission (NAICOM) has continued to mobilize its ranks towards the take off of the new International Financial Reporting Standard 17 (IFRS 17) for Insurance Contracts scheduled for January 1, 2023. Since May 2017, the International Accounting Standard Board (IASB) issued the new IFRS 17 Insurance Contract as…

Nigerians heaved a sigh of relief on Monday as the National Bureau of Statistics (NBS) as the country’s headline inflation figures recorded the first marginal reduction in about 21 months since August 2019. The latest Consumer Price Index (CPI) published by the NBS showed the country’s inflation figure declined by…

>MEDIATRACNET The best platform to discuss issues affecting Nigeria remains the Nigerian Governors Forum (NGF),.former President Goodluck Jonathan has said. Jonathan who spoke in Benin City, Edo State on Sunday said the current antagonism between State governors was uncalled for. He stressed that the coming together of all the State…

MEDIATRACNET Nigeria does not need more than three political parties to guarantee a healthy competition, a public affairs analyst and University of Lagos lecturer, Adetokunbo Pearse, has said Pearse spoke on Sunday in Lagos in reaction to the latest ruling of the Supreme Court’s affirming the power by the Independent…

Despite initial resistance, Imo no members of the Nigerian Labour Congress in Kaduna State Chapter forced officials of the Transmission Company of Nigeria (TCN) to shuy down all electricity transmissin stations in the State, the spokesperson of the transmission company, Ndidi Mbah recounted. She said the development, which is as…

Sequel to series of reports of difficulties encountered by prospective candidates in the registration processes for this year’s Unified Tertiary Matriculation Examination (UTME) and the Direct Entry (DE) programmes, the Joint Admissions and Matriculation Board (JAMB) has announced a two-week extension of the deadline for registration. The examination body said the date…

President Muhammadu Buhari kz scheduled to travel out of Abuja on Sunday, May 16, 2021, for France on a four-day official visit, to participate in the African Finance Summit holding in Paris. Organisers of said the Summit would focus on reviewing the state of African economy following shocks from Coronavirus…

The Transmission Company of Nigeria (TCN) on Thursday said it has successfully recovered the National electricity transmission grid and normal transmission of electricity restored in less than 24 hours. MIn a statement on Thursday, Mba said: “The TCN restored bulk power to all the 330kV Transmission Stations across the entire…

The Africa Network for Environment and Economic Justice (ANEEJ) has written to the Archbishop of Canterbury and other leaders of the Church of England to withdraw their support for the Shell’s climate and energy plan at the company’s 2021 annual general meeting. The Executive Director of ANEEJ, David Ugolor, who…

The UK is to invest fresh  £22 million to build cyber security resilience in developing countries and globally, its Foreign Secretary, Dominic Raab, has said. Raab who announced this new support in a statement through  the British High Commision in Lagos  said the new investment would be dedicated mostly in building cyber security…