Archives for May, 2023 - Page 13
Federal roads: FG pays states N860bn in eight years
The Federal Government has refunded to various state governments as reimbursement for out-of-pocket expenditures incurred in constructing federal roads over eight years. This was disclosed in a fact sheet highlighting…
Reps raise Buhari’s extra-budgetary spending to N23.7tn
The House of Representatives, on Thursday, approved Ways and Means Advances obtained by the Federal Government from the Central Bank of Nigeria to the tune of N23,719,703,774, The House made…
Banking sector credit to private rises to N43trn in 3 months – CBN
The total amount of loans given to the Nigerian organised private sector by the banking industry rose to N43 trillion in the first three months (Q1) of 2023. This is…
NSIA Group Acquires Four Insurance Subsidiaries of SANLAM Group
Moruf Apampa, MD NSIA By Ngozi Onyeakusi---NSIA Group to which NSIA Insurance LTD belongs, recently acquired four (4) insurance subsidiaries of SANLAM Group. Born from a desire to…
Wema Bank Floats ALAT Alumni Community
Wema Bank logo By Ngozi Onyeakusi---Wema Bank, one of Nigeria's leading financial institutions, has announced the launch of the ALAT Alumni community, virtual community exclusively designed for former employees…
AIICO Insurance Earns N1.9bn Revenue in Q1 2023
Babatunde Fajemirokun, MD/CEO AIICO Insurance AIICO Insurance Group has announced a per cent Year-on-Year (Y-o-Y) increase in group revenues to ₦ billion for first quarter 2023, up from ₦ billion…
Coronation Life Assurance GPW Soars To N4 bn, as PAT Grows To N1.365 bn
Mr Akinlolu AkinyeleManaging Director/CEOCoronation Life Assurance Ltd From Ngozi Onyeakusi---Coronation Life Assurance Limited has unveiled its Financial Statement for the year ended 31st December 2022 recording billion Gross Premium…
Safety of Pension Fund Assets Under CPS: Role of Pension Fund Custodians
The Pension Reform Act (PRA), 2004, which introduced the Contributory Pension Scheme (CPS) for public and private sector employees, was a direct outcome of the efforts to address the challenges…
MAN, NECA, NACCIMA reject FG’s excise tax hike
The Organised Private Sector of Nigeria comprising the Manufacturers Association of Nigeria, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, the Nigeria Employers’ Consultative Association, the Nigerian…
External debt: FG deducts N78bn from states allocations
President Buhari The Federal Government deducted over N78bn from allocations made to the states for external debt servicing, according to findings by The PUNCH. This was according to data from…