L-R: Member, NDIC Board, Adewale Adeleke; MD/CEO, Bello Hassan; Chairman House Committee on Insurance and Actuarial Matters, Hon. Darlington Nwokocha; Deputy Chairman, Hon. Ahmadu Jahar; ED/CS NDIC, Hon. Omolola Abiola Edewor and ED-OPs, Mustapha M. Ibrahim at the 2021 Retreat for House of Representatives Committee on Insurance and Actuarial Matters.
Russian Deputy Prime Minister, Alexander Novak, on Thursday cautioned that the European Union’s (EU’s) plans to impose carbon emission costs on imports of goods may clash with the global trade rules and threaten the safety of energy supplies worldwide. Reuters reports that a draft document indicated that the EU planned to impose carbon emission costs […]
Indications that cryptocurrency investment is gaining traction across geo-political zones globally have further been demonstrated as crypto asset ownership in the UK surged by a fifth to 2.3 million people from 1.9 million last year. Findings by the Financial Conduct Authority (FCA), UK financial regulator, showed that awareness about cryptocurrency trading and investments were also […]
The Centre for the Study of Economies of Africa (CSEA) has charged the federal and sub-national governments in Nigeria to improve the nation’s business climate as a strategic option of boosting Value Added Tax (VAT) collection and growing key sectors of the economy on a sustainable basis. The leading non-for-profit research think tank gave this […]
The National Bureau of Statistics (NBS) on Tuesday reported that Nigeria’s Composite Price Index (CPI), which measures inflation, dropped marginally to 17.93 percent year-on-year (YoY) in May 2021 from 18.12% recorded in the preceding month. The May rate represented 0.19% points lower than the rate recorded in April The official statistical data producing and publishing […]
Britain and Australia on Tuesday announced a free trade deal which the British government described as an important step towards building new trade relationships following its departure from the European Union (EU). By its projection, the British government believes that cars, Scotch whisky and confectionery would be cheaper to sell in Australia because of the […]
Researchers at Morgan Stanley have projected a slowdown in property and casualty (P&C) insurance rates as lines begin to approach pricing adequacy. Currently, overall rate increases continue to remain positive and above loss trend, as evidenced by improvement in Q1 commercial lines margins. However, analysts at Morgan Stanley, one of the global leaders in executing […]
The World Bank Group on Tuesday pointed out that while the Nigerian government took measures to protect the economy against a much deeper recession, it would be essential to set policy foundations for a strong recovery. The Breton Woods multilateral institution made this remark in its latest World Bank Nigeria Development Update (NDU) titled “Resilience […]
With the price of Brent oil peaking at $70.46 per barrel on Tuesday from $68.50 a day earlier, there are strong indications that Nigeria’s deficit financing problem may be abated if the rising oil prices in the global market are sustained for weeks or months. Industry analysts believe that at $70.46 per barrel, Nigeria could […]
The International Labour Organisation (ILO) on Wednesday reported that over 100 million more workers had been pushed into poverty by the raging COVID-19 pandemic, after working hours dropped and access to good quality jobs became impossible for millions of workers over the past months. The UN’s labour organization in its Annual World Employment and Social […]