Nigerian News from Leadership News
  • Kaduna State Registers 16,378 Pensioners

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    Kaduna State government said it has registered 16,378 pensioners on its payroll, just as the state commenced full implementation of the Contributory Pension Scheme (CPS). Disclosing this at an occasion to mark the commencement of payment of pension benefits under the CPS in Kaduna State, Executive Secretary, Kaduna State Pension Bureau, Dan Ndackson, said as…

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  • Ogun Gets 1,353 Slots For Hajj

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    The Ogun State Muslim Pilgrims Welfare Board yesterday said necessary machinery is being set in motion to utilize the 1,353 slots allocated to it by the National Hajj Commission of Nigeria (NAHCON) for the 2017 Holy Pilgrimage to Makkah and Medinah . The Board Chairman, Dr. Ishaq Yusuf, who disclosed this in Abeokuta, Ogun State…

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  • Insurance Sector Loses N106bn Annually

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    A data sourced from the Nigerian Insurers Association (NIA) shows that there are about 16 million vehicles on roads across the country, with only four million of them having genuine Third Party cover. This, leaves 12 million vehicles uninsured or parading fake insurance papers. Third Party Vehicle Insurance comes at a fixed price of N5,…

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  • 978 MFBs Disburse N195bn Loans To Poor Nigerians

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    The 978 Microfinance banks in the country were able to grant total loans and advances amounting to N195 billion as at December, 2016. Of the N195 billion loans granted, N87.75 billion or 45 per cent were Non Performing Loans (NPLs) while N68.25 billion or 35 per cent constituted insider related/Directors loans. Disclosing this, while defending…

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  • Recapitalisation: 12 Insurance Firms In Merger, Acquisition Talks

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    Ahead of the capital verification exercise expected to commence in the next few months in readiness for the Risk Based Supervision (RBS) that will lead the insurance sector to recapitalisation this year, about 12 out of the 58 insurance companies in the country have already commenced recapitalisation process through mergers and acquisitions, LEADERSHIP can exclusively…

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  • Pension Funds May Hit N7.2trn By Year End

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    Despite the devaluation of naira and double digit inflation rate that impact businesses negatively and put the economy in recession, the nation’s Pension Funds may hit N7.2trillion by December 2017, LEADERSHIP exclusively learnt. As at November 2016, the funds stood at N6.2 trillion from about N5.1 trillion it was in January, 2016, gaining over N1…

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  • 25 Banks Grant N5.2trn Loans To Nigerians In 2016

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    The 25 Deposit Money Banks(DMBs) in the country had granted a sum of N5.2 trillion as loans to Nigerians in 2016, as economic recession bites harder in the country, LEADERSHIP exclusively learnt. As at December 2016, the 25 DMBs had total loans portfolio of N18.53 trillion, thus increased by N5.2 trillion, from N13.33 trillion it…

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