Author Archives: Supernews - Page 496
FG approves N87.5bn contracts for roads, bridges
The Federal Executive Council (FEC) has approved for the construction of some roads in parts of the country. The amount approved included the cost variation for two existing road contracts.…
Rising debt: CBN Expresses Concern … Says It Impedes Growth
Emefiele The Central Bank of Nigeria has expressed concern over the rising cost of debt service being incurred by the Federal Government. The CBN, in its half-year 2020 economic report,…
FG signs N105bn Afam power sale agreement todayÂ
Buhari The signing ceremony for the sale of Afam Power Plant for N105bn to the preferred bidder will be done by the Federal Government Thursday (today). It was gathered on…
India crop insurance reforms could transform profitability: New Dawn Risk
Heritage Insurance (PRNewsFoto/Heritage Insurance Holdings, Inc) New Dawn Risk, a Lloyd’s broker has announced the release of its new report: Technology brings new opportunities for India’s crop insurance scheme. The…
Wheather Losses Push Haritage To Q3 Loss
Heritage Insurance (PRNewsFoto/Heritage Insurance Holdings, Inc) An unprecedented level of weather losses in the third-quarter of 2020 has pushed super-regional P&C insurer, Heritage Insurance Holdings, Inc., to a net loss…
Enajemo-Isiri others call for retooling of Nigeria’s economy, review of PRA 2014
from left: Mrs. Nneka Obiamalu, Director, Pensioners Support Services Dept, PTAD; Mr Rasaaq Salami, Head, Commissioner for Insurance Directorate, NAICOM; Dr. Muda Yusuf, Director General, Lagos Chamber of Commerce and…
Ogunbiyi calls for government support, patronage for Insurance industry
L-R: Dr. Akin Ogunbiyi, Chairman, Mutual Benefits Assurance Plc/Chief Launcher of new NAIPCO website; Mr. Austin Enajemo-Isire, Chairman, Nigeria Social Insurance Trust Fund (NSITF)/Chairman of the occasion; Mr. Chuks Okonta,…
Fidelity Bank Posts Impressive 9 Months Results As Profits Hit 21.3bn. ·
Okonkwo Fidelity Bank Plc has posted Profit Before Tax (PBT) of billion and Profits After Tax (PAT) of billion in the third quarter of 2020. Details of the results show…
Election: Trump Heads To Supreme Court To Challenge Result
US President Donald Trump has vowed to challenge results of the 2020 Election at the Supreme Court. He accused his Democratic Party challenger Joe Biden of electoral fraud, saying voting…
Hannover Re posts 9M underwriting loss; reinstates profit guidance for 2020
By Luke Gallin ____German reinsurance giant, Hannover Re, has reported a reduction in Group net income for the first nine months of the year to € million, as the firm’s…