The National Insurance Commission (NAICOM) says the insurance industry has recorded total assets of N2.3 trillion, indicating 9.0 per cent increase, Year-On-Year (YoY) at the end of the third quarter. This is contained in a bulletin of the performance of the insurance market released on Tuesday in Lagos by Mr Rasaaq Salami, spokesperson for NAICOM. The commission said the industry’s balance sheet stated that non-life business accounted for N1.1 trillion assets while the life business stood at about N1.2 trillion. “From the ongoing, the market statistics of the third quarter 2022 has revealed some quality developments in the industry performance…
Author: TheStories
The Director-General of the National Identity Management Commission (NIMC), Mr Aliyu Aziz said its national database has hit over 93.5 million National Identity Number (NIN)/ enrollments. He made the disclosure at a one-day roundtable meeting organised by Identify for Development (ID4D) on Tuesday in Abuja. The programme was organised for desk officers of the Nigeria Digital Identification Project’s ecosystem implementing partners. Aziz, represented by the Director of Public Services, Ibrahim Abdullahi said the new approaches had greatly impacted on the huge increase on the national database to the current 93.5 million. “The unified ID system approach as well as the…
The National Drugs Law Enforcement Agency (NDLEA) seized more than N450 billion worth of drugs and cash between January 2021 and October 2022. Its chairman, Buba Marwa made the declaration on Tuesday in Abuja at the NDLEA’s end-of-year awards, commendation and decorations of promoted officers. He said the agency also arrested 23,907 drug traffickers including 29 barons within the period under review. “Our seizure was more than 5,500 tons or 5.5 million kilograms of assorted illicit drugs, which together with cash seized are worth over N450 billion. “In the same period, we have taken the fight to the doorsteps of…
Justice Binta Nyako of the Federal High Court, on Tuesday removed the Chief Ralph Nwosu led leadership of the African Democratic Congress (ADC). The court also nullified all actions taken by executives from the August 21, 2022 till date. The Court in its ruling affirmed the leadership of Sen. Patricia Akwashiki. Details later…
Japan Prime Minister Fumio Kishida said on Monday that the country will support the African Union’s entry to the Group of 20 (G20) forum of the world’s largest economies. Kishida said the union’s addition to the G20 was important “given African countries’ increasing role in international society”. Japan also agreed with Senegal on resource development cooperation and boosting investment by Japanese firms, Kishida said. “We confirmed to build a further comprehensive relationship between Japan and Senegal,” he told reporters after meeting Senegalese President Macky Sall in Tokyo.
Ghana’s sovereign dollar bonds dropped more than 2 cents in the dollar on Monday after the government announced it was suspending payments on Eurobonds, external commercial loans and some bilateral debt. The 2027 maturity fell the most, down as much as 2.3 cents to receive bids at 34.739 cents in the dollar, according to Tradeweb data. A 2030 Eurobond with a partial World Bank guarantee suffered the smallest declines, down 1.556 cents to 66.9 cents.
The establishment of International Space Station (ISS) took 12 years with major support from the five nations in addition eleven other nations who made different level of contributions. US President Reagan was the brain behind ISS who then conceived the idea of a relatively permanent space station in 1984 and directed NASA to build it. At that time, many thought of the idea as braggadocio of American leadership after its outstanding success of sending people to moon under the Apollo 11 project fifteen years earlier. The International Space Station became a reality and from November 2000 to date, the station…
By Justina Auta The Minister of Women Affairs, Mrs Pauline Tallen said more than 82,722 women were trained in Information Communication Technology (ICT) and artisanship, among others, between 2015 and 2022. She disclosed this during the 13th edition of the President Muhammadu Buhari Scorecard series organised by the Federal Ministry of Information in Abuja. She said that the ministry, through the support of Mistries, Departments and Agencies (MDAs) and partners, trained women, children and vulnerable groups in various skills as part of empowerment strategy by President Muhammadu Buhari to lift 100 million people out of poverty. She added that 144…
Today, products, services, and experiences are all being swept up in the phenomenon of Everything-as-a-Service (XaaS) – remote and on demand access to any business offering provided as a service The ‘as-a-service’ model, whereby businesses can subscribe to a service or offering without the need to pay upfront, has revolutionised B2B operations forever. It was initially introduced, with Software-as-a-Service (SaaS), a pioneering business model for accessing software through the cloud. SaaS helped businesses offer a standard, distributed solution at a lower cost of entry. This new model also meant that customers no longer needed to worry about large installation and…
Senator Aliyu Magatakarda Wamakko (APC-Sokoto) has joined Nigerians in criticizing the Governor of the Central Bank of Nigeria(CBN), Godwin Emefiele over the redesign of the Naira notes and the new controversial cash withdrawal limit set by the CBN. Wamakko, a former Sokoto state governor in Abuja on Friday described the twin policies as unnecessarily diversionary, controversial, unthoughtful, and designed to plunge Northerners into deeper misery. He also noted that the policies were the sole creation of the Central Bank Governor, warning that Emefiele would be called to account in the fullness of time for all the sufferings resulting from his…