NSIA Insurance Paid N3bn Claims In 2 Years   NSIA Insurance Limited said that it paid over N3bn claims to its clients between the 2017 and 2018 financial period. A statement said it placed high value on integrity and professionalism, and paying claims promptly was part of...

Nigeria Lost $10bn To Non-oil Exports — NEXIM   Nigeria has lost about $10bn (about N3.6tn) over the past five decades in non-oil export opportunities in crops such as cocoa, oil palm, cotton and groundnut alone. The Managing Director/Chief Executive Officer, Nigeria Export-Import Bank, Mr Abubakar Bello,...

Nigeria, China’s Bilateral Trade Now $8.6bn   Nigeria and China recorded $8.6bn bilateral trade between January and June 2019. There had also been an increase in the projects undertaken by China in the country. The Consul General, Chu Maoming, said this in his speech at the reception to...

FG’s Interventions In Power Sector Hits N1.5trn, Says Osinbajo   Despite the privatisation of Nigeria’s power sector, the Federal Government’s financial intervention in the industry has risen to N1.5trn, Vice-President Yemi Osinbajo, has said. He said this as indication emerged that no power distribution company in Nigeria...

Telecoms Sub-sector Lost N221bn In 2 Years   Value Added Service (VAS) operators, a sub-sector in the telecoms industry, operating under the aegis of Wireless Application Service Providers Association of Nigeria (WASPAN), has decried the heavy loss it incurred in the last two years, amounting to...

In 5 Years, FG Paid N303.4bn Bridging Claims To Oil Marketers   The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that the federal government paid out a total of N303.4 billion to petrol marketers in five years – between 2012 and 2016, as financial claims...