Nigeria’s insurance industry’s total assets grew to about N2.3 trillion in the second quarter of 2022, indicating an increased growth rate of 11.9 per cent over the first quarter. The National Insurance Commission (NAICOM) made this known on Friday in Lagos in a bulletin on Insurance Market Performance made available by Mr Rasaaq Salami, its spokesman. It stated that the industry’s financial position indicated a total of N1.2 trillion in assets in Non-Life Insurance while the Life Insurance stood at about N1.1trillion. It stated also that the insured made gross claims of N174.8 billion in the second quarter of the…
Author: Newsdesk
The Governing Council of the University of Lagos has appointed Prof. Folasade Ogunsola as the 13th and first female Vice Chancellor of the institution. This is contained in a statement by Mrs Adejoke Alaga, Principal Assistant Registrar (Communication Unit) of the university and issued to newsmen on Friday night in Lagos. She said that the appointment is for five-year tenure with effect from Saturday, November 12, 2022 to Thursday, November 11, 2027. Ogunsola will succeed Prof. Oluwatoyin Ogundipe, whose five years tenure comes to an end on Friday November 11. He was appointed vice chancellor in 2017. According to Alaga, the appointment was…
The Nigeria Labour Congress (NLC) has picketed Alibert Production (Furniture) Limited, Abuja, over the reported sack of 200 workers. The NLC President, Mr Ayuba Wabba, said this when he led the workers to picket the firm’s factory in Idu on Friday in Abuja. The picketing was in commemoration of the 2022 World Day for Decent Work with the theme: “Wage Justice”. The company has been alleged of incessant violation of workers’ rights such as victimisation, intimidation and unfair labour practice, among others. The workers that picketed the company displayed placards with various inscriptions such as: “Yes to Decent Work’’, “Yes…
Three members of the Atlantic Federation of African Press Agencies (FAAPA) on Friday joined the Executive Council of the body. The trio, AGP of Guinea, Ghana News Agency and AGP of Gabon were elected, following the exit of the Agence Benin Press-ABP from the Executive Council and the need to fill available vacancies. The election of the new Executive Council members were part of the resolutions adopted to amend the FAAPA statutes to admit the three member agencies into the council at the ongoing General Assembly. The forum, which was led by the Vice Chairman of FAAPA, Oumou Sana, also…
The federal government through the Rural Electrification Agency has donated 171 solar irrigation pumps to vegetable farmers in Lagos. Mr Perter Okopie, Senior Manager, Rural Electrification Agency, South-West Zone, Osogbo, made the presentation on Friday to beneficiaries at the FADAMA coordination Office, Oko-Oba, Agege, on Friday in Lagos. Okopie said that the Federal Government made the donations in order to reduce the cost of farming, production as well as reduce the farm gate price and in turn increase yields. The solar irrigation pumps has a 24 volts motor with two 60 watts panel each and 1,000 Revolution per minute. The…
President Muhammadu Buhari on Friday met with the leadership of the Nigeria Governors’ Forum over the reported cases of flood across the country. The president, who presided over the meeting in the State House, Abuja, encouraged the governors to meet with the Minister of Water Resources to fashion out solutions to the problem. The meeting was attended by the outgoing Chairman of NGF, Dr Kayode Fayemi of Ekiti, the incoming Interim Chairman, Aminu Tambuwal of Sokoto state, and the Interim Deputy Chairman, Atiku Bagudu of Kebbi state. Buhari stated that the call had become imperative in view of the fact…
Twenty four persons lost their lives as flood and windstorm affected no fewer than 18, 245 people in Katsina state, according to the State Emergency Management Agency (SEMA). The spokesperson of the agency, Mr Umar Muhammad, disclosed this in Katsina on Friday. Muhammad said that the disasters were recorded in all the 34 local government areas (LGAs) of the state during the 2022 rainy season. He said that several other persons sustained various degrees of injury as a result of the natural disasters. The agency’s spokesperson also said that 16, 625 houses were damaged d by the disasters. According to…
President Muhammadu Buhari says Nigeria has strategic mineral resources in its seabed, which will be exploited through adequate deployment of technology. The president stated this when he hosted Mr Michael Lodge, Secretary-General of the International Seabed Authority, in the Presidential Villa, Abuja, on Friday. Lodge is in Abuja to attend a workshop on Africa Deep Sea Resources in Abuja. Buhari said resources would be deployed, and studies done, believing it would be worth the while. The president also used the occasion to applaud the Nigerian Navy for its role in protecting the country’s maritime domain, urging it to “continue to…
The National Environmental Standards and Regulations Enforcement Agency, NESREA, has handed over 25 exotic birds to Kano Zoological and Wildlife Management Agency. During the handing over at the zoo in Kano on Friday, the Northwest Zonal Director of NESREA, Mudassir Raheem, said the birds were smuggled into the country through Niger Republic and seized by Nigeria customs Service and handed over to the enforcement agency. Raheem thanked Kano-Jigawa command of the Nigerian Customs Service on behalf of the Director General of NESREA, Prof Aliyu Jauro, for confiscating the birds. The director, who expressed happiness for the synergy between the two government agencies,…
All the 16 executives of the APC in Lajinge and Makuwana wards of Sabon Birni local government area of Sokoto state have defected to the PDP. Receiving the new members, the state PDP chairman, Bello Goronyo assured them of equal treatment with all other members of the party. “In PDP, we treat all our members the same, we always stand on our name for the people, as such, I assure you that we will work together in the best interest of our state and Nigeria. “Your decision to join us in this journey is of great concern to us as leaders…