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Artist urges FG to support sector with more grants

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 Artist urges FG to support sector with more grants June 23, 2024 Nigerian visual artist, Promise Ebegbulem, on Saturday urged the Federal Government to create more avenues for artists to access grants, to enable them thrive in their chosen profession. Ebegbulem made the call while speaking with the a reporter from ReelzzNewzz24 in Lagos. According to her, this is important because the few available platforms for grants are not easily accessible for many artists. She said to encourage more individuals to embrace the profession, government must be deliberate in encouraging the existing artists. According to her, this encouragement can be in way of providing opportunities for artists to access grants and establishing more public art galleries for constant exhibition. “Investing in arts education from an early age, providing grants for art projects and establishing more public galleries and art spaces can significantly boost the industry. “Creating platforms for artists to showcase their
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Coronation Merchant Bank records 62% growth in gross earnings in 2023

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 Coronation Merchant Bank records 62% growth in gross earnings in 2023 Lagos, June 22, 2022.  Coronation Merchant Bank Ltd. on Friday said that its gross earnings grew to N61.6 billion for the year ended Dec. 31, 2023. The figure represents 62 per cent growth when compared to N37.9 billion recorded in 2022. Mr Babatunde Folawiyo, Chairman, Coronation Merchant Bank, said this at the ninth Annual General Meeting (AGM) of the financial institution held in Lagos. Folawiyo stated that the bank reported a robust financial performance and recovery for the year under review and showcased significant growth in its key metrics despite a challenging economic environment. He highlighted that the bank’s profit before tax also increased by 58.1 per cent to N3.47 billion in year 2023, marking a significant recovery from a loss of N8.28 billion in 2022. According to him, the bank’s shareholders’ funds rose by 16.5 per cent to N37.33 billion in the year under review, compared to N31.99 billion posted i
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Nigerian market is important to us, says TAAG Angola boss

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 Nigerian market is important to us, says TAAG Angola boss  June 21, 2024 George Mawadri, Director of Sales, TAAG Angola Airline says the Nigerian Travel Market is resilient, exciting and prosperous, noting that the airline will respond to the growth with dedicated service and availability.   Speaking at an expanded travel trade forum in Lagos on Wednesday morning, Mawadri disclosed that the management of the Airlines has identified Nigeria robust travel industry as a critical investment opportunit. He said the airline will respond positively with the deployment of new airbus series to 777 wide bodied dreamliners on the Lagos Luanda route and to many of its established routes to Madrid, Lisbon, Sao Paulo and London.  He noted that the layout time in Luanda, its operating hub, is systematically being addressed with the introduction of additional daily flights out of Lagos on Tuesdays and Saturdays apart from its night flights on Mondays, Thursdays and Saturdays. He said rhe day fl
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Coronation Merchant Bank Records 62% Growth in Gross Earnings to ₦61.6 billion in 2023

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  Convenes 9th Annual General Meeting Lagos, Nigeria. June 21, 2024 - Coronation Merchant Bank recently held its Annual General Meeting at Victoria Island, Lagos, reflecting on a year of remarkable financial recovery and strategic advancements.  The Bank reported robust financial performance for the fiscal year ending December 31, 2023, showcasing significant growth in key metrics despite a challenging economic environment. Financial Highlights • Gross Earnings: ₦61.6 billion, a 62% increase over 2022 • Profit Before Tax: ₦3.47 billion, marking a significant recovery from a loss in 2022 • Shareholders’ Funds: 16.5% increase to N37.33 billion (Dec 2022: N31.99 billion) • Return on Equity: 9% from -26% in 2022 • Earnings per share 51.56kobo (2022: -173kobo) Key Ratios • Capital Adequacy Ratio: Improved to 12.6% from 10.2% in 2022 • Loan to Funding Ratio: Remained steady at 79% • Non-Performing Loan (NPL) Ratio: Maintained at 0% • Liquidity ratio: 64.4% (2022: 55.6%) Commenting on the res
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Genetic Disorders: Don Urges Establishment Of Pre-Marital Counselling Centres

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  A  Professor of Human Genetics and Bioinformatics, Idowu Taiwo,  has called on governments to establish genetic centres for pre-marital and marital counselling in many parts of Nigeria. “In one of our population genetic studies, the frequency of carriers of sickle cell genotype is 25 per cent among the Yorubas in Lagos State. “The result revealed the importance of a rigorous awareness campaigns and proper genetic counselling regarding sickle cell disorder in Nigeria,” Taiwo, a lecturer at the University of Lagos, said. The professor, who teaches at the university’s Department of Cell Biology and Genetics, Faculty of Science, made the call  at the 18th Inaugural Lecture of the university on Wednesday. The  inaugural lecture  had the theme: “Principalities and Powers or the Gene: Which is to Blame”. He said that intending couples would need to be aware of their odds of giving birth to a baby affected by a genetic condition. “An informed couple is a better prepared couple. “Government s
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FTAN urges prospective tourists to explore West Africa’s coastline

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 FTAN urges prospective tourists to explore West Africa’s coastline  June 15, 2024  The Federation of Tourism Associations of Nigeria (FTAN), Lagos chapter, has urged prospective tourists to explore West Africa’s coastline. Its President, Babatope Fajemilokun, made the call when he led members of the association on a boat cruise expedition tour of the coastal area of Lagos through Badagry to Porto-Novo on Saturday. The team of 30 members explored the coastal areas to project and market the beautiful coastlines for global exploration. The News Agency of Nigeria (NAN) reports that the tourism expedition began at the National Inland Waterways Authority jetty in CMS, Lagos. Fajemilokun said the expedition was deliberately planned to expose the beauty of Lagos and Porto-Novo coastlines to practitioners for better marketing of acquatic tourism in the two countries. “With the heavenly view of the waterways, the lush greenery vegetation around the lagoon, the fresh and slightly brackish water
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2024 LIMCAF: Access Bank board chairman tasks youths on creativity

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 2024 LIMCAF: Access Bank board chairman tasks youths on creativity June 15, 2024 Mr Paul Usoro, Chairman, Board of Directors, Access Bank Plc, has advised Nigerian youths to focus on creativity and skills acquisition rather than seeking shortcuts to wealth creation. Usoro gave the advice during the opening ceremony of the 2024 Life In My City Art Festival (LIMCAF), held in Lagos on Saturday. The News Agency of Nigeria (NAN) reports that the programme featured exhibition of about 106 artworks by up-and-coming artists from across the nation. The programme has the theme “Humanism”, which the artists depicted in their works. Usoro, who was the special guest of honour, said knowledge and skills acquired could be easily converted to wealth through hardwork. He urged the youth not to lose hope in spite of the economic hardship but remain hardworking and creative. He advised them to be committed to utilising their brains positively. “I will like to advise Nigerian youths not to lose hope; do
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