Joseph Inokoton The total assets of the Nigerian insurance industry in the fourth quarter of 2022 stood at N2.328 trillion, maintaining positive growth, implying an increase of 2.4% quarter-on-quarter and 4.4% year-on-year (YoY). The momentum in this figure is relatively low compared to the previous period, where the rate of progress was approximately 9% (year-over-year), which is attributable to the wave of recapitalizations recorded during this period. This is contained in the Insurance Market Performance…
"Nigeria’s Insurance industry total asset hits N2.328trn — Report –"Tag: Nigerias
The Nigerian capital market closed at N29.920 trillion on Thursday. The figure was 29.9 billion lower than the N29.927 trillion announced by the exchange on Wednesday. Likewise, the all-share index fell 12.03 basis points to close at 54,924.08, down from 54,936.11 the previous day. Investors traded 117.85 million shares worth 1.39 billion guilders in 2,575 trades on Thursday. That was lower than the 134.15 billion shares worth 1.33 billion guilders that shareholders traded in 2,479…
"Transcorp, Fidelity among top equities as Nigeria’s stock market closes trading with N29.9tr –"
Troops have killed 46 terrorists, bandits and other criminals in northern Nigeria over the past two weeks, the defense headquarters said on Thursday. Director of Defense Media Operations, Major General. Musa Danmadami revealed this at a bi-weekly press conference on Abuja Armed Forces operations, during which he said the troops also arrested more than 50 terrorists and other criminals and rescued 97 kidnap victims By. He said the forces of Operation Harding Kai (OPHK) in…
"Nigeria’s military claims troops killed 46 terrorists, others in troubled North –"
Torah Adnubi | Lagos Offshore operators operating in the Nigerian shipping industry have warned about the lack of a regulated pricing mechanism between international oil companies (IOCs) and local shipowners; Implement safety procedures. Emmanuel Maiguwa, president of the Maritime Security Suppliers Association of Nigeria (MASPAN), explained in an exclusive interview with the Nigerian Tribune that some local operators charge fees without considering the impact on safety standards in order to secure job offers from foreign…
"Danger looms as irregular pricing regime mars Nigeria’s offshore operations –"
The British government has begun collating information on Nigerians’ involvement in election violence and other misdeeds during the just-concluded general election. This was revealed by the British High Commission in a statement in Abuja on Wednesday. The High Commission condemned the violence that disrupted the conduct of the elections and the use of ethno-religious language by some politicians to incite Nigerians to kill each other. It also condemned voter intimidation, suppression, vote-buying and the destruction…
"British govt collates information on promoters of violence in Nigeria’s elections –" The British government has begun collating information on Nigerians’ involvement in election violence and other misdeeds during the just-concluded general election. This was revealed by the British High Commission in a statement in Abuja on Wednesday. The High Commission condemned the violence that disrupted the conduct of the elections and the use of ethno-religious language by some politicians to incite Nigerians to kill each other. It also condemned voter intimidation, suppression, vote-buying and the destruction…
"British collates information on promoters of violence in Nigeria’s elections –"
President-elect Bola Ahmed Tinubu left the country for Europe on Tuesday night. Tunde Rahman, a media aide to the president-elect, confirmed the development in a statement on Wednesday, saying his headteacher will spend time in Paris and London before traveling to Saudi Arabia to attend a smaller Hajj. According to him, the trip will make tinub Rest and plan for his inauguration as Nigeria’s new president on May 29. “The President-elect left Ikeja’s Murtala Mohamed…
"Tinubu travels to Europe ahead of inauguration as Nigeria’s president –"
Nigeria is one of those countries that has inexhaustible natural resources. Sadly, it has failed to utilize resources in a variety of productive ways, partly due to incompetent and rudderless leadership. In his 1984 polemic “Nigeria’s Troubles”, renowned Nigerian novelist and author Chinua Achebe declared that “Nigeria’s troubles are a total failure of leadership”. That was nearly forty years ago, and it still is today. Then there is the question of the basic capabilities and…
"Addressing Nigeria’s leadership crisis – Tribune Online –"
Nigeria’s EPCON AI project named world’s leading pandemic preparedness program by new agency Report. Launched today in the UK Parliament ahead of World Tuberculosis Day this Friday, the report highlights several areas where the World Health Organization’s recommended plan to strengthen pandemic preparedness overlaps with existing tuberculosis (TB) plans, including prevention, detection, response and innovation . Tuberculosis kills more people each year than any other infectious disease. Like COVID-19, it is a respiratory pathogen that…
"New report cites Nigeria’s EPCON AI as global example of excellence in pandemic preparedness –"
On Tuesday, President Muhammadu Buhari praised Nigerians for successfully holding this year’s general election. The president spoke during a meeting with outgoing US ambassador to Nigeria Mary Beth Leonard at the state parliament in Abuja, according to a statement issued by his senior special assistant for media and advocacy, Garba Shehu. He said the election results in which the All Progressive Congress (APC) lost some seats at the Governor and National Assembly levels was a…
"Buhari expresses pride at power of electorates in Nigeria’s elections –"