Monetary

#EndSARS: Nigerian Insurers Settled N5.4bn Claims

#EndSARS: Nigerian Insurers Settled N5.4bn Claims       Nigeria Insurers Association has said that the insurance firms have paid over N5.4bn in claims settlement arising from #EndSARS losses. The Director-General, Yetunde Ilori, said this at the Surplus Distribution Event held by Noor Takaful Limited on Wednesday. Nigerian youths had...

$50bn Investments Lost In 10yrs Without Oil Sector Law, Says Buhari

$50bn Investments Lost In 10yrs Without Oil Sector Law, Says Buhari       Nigeria lost investments worth at least $50billion due to delayed passage of the Petroleum Industry Bill (PIB) in the last 10 years, President Muhammadu Buhari said yesterday. He spoke at Aso Villa yesterday at a...

FEC Okays N21bn For Aviation, Education, Others

FEC Okays N21bn For Aviation, Education, Others       The Federal Executive Council on Wednesday approved N21,107,212,510, for various projects in the education and aviation ministries as well as a few other federal agencies. The approvals were made at a meeting of the council presided over by President...

CBN Distributes Inputs Worth N820m To 3,102 Rice Farmers

CBN Distributes Inputs Worth N820m To 3,102 Rice Farmers       The Ekiti State Commissioner for Agriculture, Dr Olabide Adetoyi, said on Tuesday that farm inputs worth over N820m had been distributed to 3,102 rice farmers in the state under the Central Bank of Nigeria/Rice Farmers Association...

In Nine Months, Air Travellers Spent N40bn On Covid-19 Test

In Nine Months, Air Travellers Spent N40bn On Covid-19 Test       Inbound passengers who travelled into the country through the Murtala Muhammed International Airport (MMIA), Lagos and the Nnamdi Azikiwe International Airport, Abuja, were estimated to have spent about a total of N40.212 billion as payments...

‘Total Pension Assets’ll Hit N20trn By 2023’

'Total Pension Assets'll Hit N20trn By 2023'       Nigerian pension industry’s net assets is expected to hit the N20tn mark by 2023, recording an average growth of 18 per cent in the next three years leading to 2023, the insurance industry’s net assets, Augusto & Co,...