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President Tinubu Appoints Oloriegbe As NHIA Chairman

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Tinubu Appoints Oloriegbe

President Tinubu Appoints Oloriegbe As NHIA Chairman

President Tinubu appoints Oloriegbe as NHIA chairman. Mr Oloriegbe served as the chairman of the Senate committee on health from 2019 to 2023.

President Bola Tinubu has appointed Ibrahim Oloriegbe as chairman of the National Health Insurance Authority (NHIA), effective March 11.

The appointment of the former Kwara central senator would  be for an initial term of four years, Bayo Onanuga, the president’s spokesman, said in a statement on Sunday.

Mr Oloriegbe represented Kwara central senatorial district at the ninth senate of the National Assembly.

He holds a Master’s in Coaching and Consultation from the University of Oxford, UK, and HEC, Paris, and a Bachelor of Medicine and Surgery from the  Ahmadu Bello University, Zaria, Kaduna State.

Tinubu Appoints Oloriegbe

Tinubu Appoints Oloriegbe

He is a member of the Nigerian Medical Association (NMA), Association of General and Private Medical Practitioners of Nigeria (AGPMPN), Nigeria Venereal Disease Association, Guild of Medical Directors of Nigeria, International Aids Society (IAS), and the Africa Health Leadership and Management Network.

Mr Oloriegbe served as the chairman of the Senate committee on health from 2019 to 2023 and the chairman of the Joint National Assembly Committee on Health.

Economy

Russia Authorities Offers Schoolgirls $1200 To Give Birth In Measures To oost Population

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Russia Authorities

Russia Authorities Offers Schoolgirls $1200 To Give Birth In Measures To oost Population

Russia authorities offers schoolgirls $1200 to give birth in measures to boost population. The payments apply to full-time students enrolled in “general, professional or higher education institutions” who are registered at a maternity hospital.

Russian authorities have commenced cash payments up to $1,200 and other incentives for schoolgirls to give birth.

More than 100,000 Russian soldiers have been killed and hundreds of thousands others injured since the Kremlin launched a full scale war on Ukraine in February 2022, which has significantly impacted Russia’s population, leaving the country in desperation to mitigate the crisis.

According to The Moscow Times, many regional governments in Russia have started to make several decrees offering incentives for schoolgirls to get pregnant, including the latest program launched by Siberia’s Kemerovo region this week.

Authorities in Kemerovo are offering a one-time payment of $1,200 to legal guardians of Russian schoolgirls if their daughters were at least 22 weeks pregnant as of January 1, as Moscow shifts focus to boosting birth rates, which have fallen to a 25-year low while mortality rates rise.

Russia Authorities

Russia Authorities

The payments apply to full-time students enrolled in “general, professional or higher education institutions” who are registered at a maternity hospital, according to the decree.

At least eight Russian regions including Oryol and Bryansk have started the pregnancy-for-cash programme for schoolgirls, while more than 40 other regions have pledged to commence payment of $1,200 to female university students for having children later this year.

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Economy

Cadbury Nigeria Records N22bn Loss In 2024: Nigerian Exchange

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Cadbury Nigeria Records N22bn Loss In 2024: Nigerian Exchange

Cadbury Nigeria records N22bn loss in 2024: Nigerian Exchange. The company’s revenue grew from N80.378 billion in 2023 to N129 billion in 2024.

Cadbury Nigeria has recorded a N22.2 billion loss for the 2024 financial year.

This is a one per cent decrease from its 2023 loss of N22.4 billion.

Cadbury Nigeria made this known in a corporate disclosure through the Nigerian Exchange Ltd. on Tuesday.

The company’s revenue grew from N80.378 billion in 2023 to N129 billion in 2024, recording a 61 per cent increase.

NGX

NGX

However, its gross profit grew marginally by five per cent to N18.227 billion from N17.337 billion.

The company’s share capital increased by 21 per cent from N939 million in 2023 to N1.140 billion in 2024.

Also, its total equity decreased by 57 per cent, from N10.22 billion in 2023 to N4.38 billion in 2024.

The company’s result from operating activities fell by 24 per cent from N7.872 billion in 2023 to N5.961 billion in 2024.

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Crime

Rivers NSCDC Impounds 70,000 Litres Truck Of Stolen Crude Oil

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NSCDC Discoverers Illegal Oil Bunkering

Rivers NSCDC Impounds 70,000 Litres Truck Of Stolen Crude Oil

Rivers NSCDC impounds 70,000 litres truck of stolen crude oil. Operatives of the Nigeria Security and Civil Defence Corps (NSCDC) have impounded a long-container truck loaded with 70,000 litres of stolen crude oil in Port Harcourt, Rivers State, in a major crackdown on oil theft.

The truck, which had an in-built tank for illicit petroleum transport, was intercepted around Eleme junction flyover in Elelenwo following an intelligence tip-off.

However, the suspects abandoned the vehicle and fled upon sighting the operatives. Chief Superintendent of Corps, Afolabi Babawale, the NSCDC’s National Public Relations Officer, said the agency remains committed to dismantling oil theft networks in the country. Babawale explained that the operation was carried out by the NSCDC Commandant General’s Special Intelligence Squad.

“The truck was sighted while on transit, and our operatives swiftly moved in to impound it. This is a major breakthrough in our ongoing fight against economic sabotage,” Babawale stated.

According to him, the red-head, navy-blue container truck with registration number AGL574XY was illegally siphoning crude from vandalized wellheads and destroyed pipelines.

NSCDC Discoverers Illegal Oil Bunkering

Stolen Crude Oil

“As our operatives approached, the conveyors of the truck abandoned it and fled the scene. We have launched a full-scale investigation to track down the syndicate behind this illegal operation.”

He further revealed that the stolen crude oil and the truck have been confiscated and will undergo legal forfeiture.

“At the conclusion of our investigation, we will file for the forfeiture of the vehicle and its contents in a court of competent jurisdiction.

The proceeds will be remitted to the Proceeds of Crime Account,” he added.

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