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Business

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ICT

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Capital Market

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NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

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Insurance

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Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

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Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

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Business

Guinness Nigeria: N1tn Market Capitalisation Signals Strong Investor Confidence, Sustained Value Creation

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Insurance

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‘Tokyo 2020 Olympic Games to Go On Despite Coronavirus’

Yesterday, the International Olympic Committee (IOC) met with all stakeholders of the Olympic Games Tokyo 2020 and issued the communiqué below:

This is an unprecedented situation for the whole world, and our thoughts are with all those affected by this crisis. We are in solidarity with the whole of society to do everything to contain the virus.

The situation around the COVID-19 virus is also impacting the preparations for the Olympic Games Tokyo 2020, and is changing day by day.

The IOC remains fully committed to the Olympic Games Tokyo 2020, and with more than four months to go before the Games there is no need for any drastic decisions at this stage; and any speculation at this moment would be counter-productive.

The IOC encourages all athletes to continue to prepare for the Olympic Games Tokyo 2020 as best they can. We will keep supporting the athletes by consulting with them and their respective NOCs, and by providing them with the latest information and developments, which are accessible for athletes worldwide on the Athlete365 website and via their respective NOCs and IFs.

The IOC has confidence that the many measures being taken by many authorities around the world will help contain the situation of the COVID-19 virus. In this context, the IOC welcomes the support of the G7 leaders as expressed by Japanese Prime Minister Abe Shinzo, who said: “I want to hold the Olympics and Paralympics perfectly, as proof that the human race will conquer the new coronavirus, and I gained support for that from the G-7 leaders.”

We will continue to act in a responsible way and have agreed the following overriding principles about the staging of the Olympic Games Tokyo 2020:

  1. To protect the health of everyone involved and to support the containment of the virus.
  2. To safeguard the interests of the athletes and of Olympic sport.

The IOC will continue to monitor the situation 24/7. Already in mid-February, a task force was set up consisting of the IOC, the World Health Organization (WHO), the Tokyo 2020 Organising Committee, the Japanese authorities and the Tokyo Metropolitan Government.

The purpose of the task force is to ensure coordinated actions by all stakeholders. It has the mission to keep a constant appraisal of the situation to form the basis for the ongoing operational planning and necessary adaptations. The task force also monitors the implementation of the various actions decided. The IOC will continue to follow the guidance of this task force. The IOC’s decision will not be determined by financial interests, because thanks to its risk management policies and insurance it will in any case be able to continue its operations and accomplish its mission to organise the Olympic Games.

 

 

 

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Intercontinental Bank Plc: Death so Painful

The banking entity was officially proclaimed DEAD by the Central Bank of Nigeria (CBN) in 2009. It was a mysterious and painful demise. But the soul of the bank has refused to Rest-in-Peace. Today, the living dead skeleton of the bank are rumbling in the belly of Access Bank Plc, fueling ghostly imaginations of resurrection or reincarnation. The Early Years Intercontinental Bank Plc was born in 1989 to the family of Dr. Erastus Akingbola. Early in life, the young bank exhibited elements of excellence, profitability and leadership in the banking sector. And when the whistle was blown on Banking Consolidation in 2005, the bank merged seamlessly with three other banking institutions: Equity Bank of Nigeria, Gateway Bank and Global Bank in October of that year. Naturally, the merging process made it bigger in terms of size, branch network, customer base and profitability.
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