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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…
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…
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…
NCC Disowns Fake LinkedIn Account of Prof. Danbatta
NCC logo The Nigerian Communications Commission (NCC) has been made aware of a fake LinkedIn account that is being attributed to our Executive Vice Chairman and Chief Executive Officer,…
CBN puts 7,552 BVN on watchlist, e-Naira transaction records 1.4m
The Central Bank of Nigeria (CBN) said it has placed 7,552 Bank Verification Numbers (BVN) on its watchlist for fraudulent transactions, just as the apex bank Digital Currency(CBDC) known as…
Nigeria hosts WAICA 50th Anniversary
As Efekoha assumes office Irukwu, Osoka, Lawal to be honoured Efekoha8 By Ngozi Onyeakusi---The Nigerian Insurance market is set to host the 50th anniversary of the West African Insurance…
