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.
The World Bank’s Board of Executive Directors on Wednesday approved the Tax Administration Reform Project in Uzbekistan to enhance the operational efficiency and effectiveness of the State Tax Committee (STC) and deliver better services to local taxpayers. The tax reform project will be supported by a $60 million concessional credit from the International Development Association […]
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 […]
The Federal Government on Tuesday confirmed that Twitter had formalized its desire to seek dialogue on issues leading to the indefinite suspension of its operations in the country. The Minister of Information and Culture, Lai Mohammed, confirmed this when he featured on a Radio Nigeria call-in programme – “Politics Nationwide’’. A news report by the […]
Following brainstorming discussions in Cornwall, United Kingdom (UK) at the weekend, leaders of the G7 (Group of Seven) economies made a range of commitments to expand climate and disaster risk insurance, amongst other climate financing pledges. The decisions of the G7 countries’ leaders during their meetings at Carbis Bay, Cornwall is seen by industry analysts […]
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 […]