Nigerian News from Leadership News
  • Turn A New Leaf, Ogun Prison Inmates Urged

    | Leave a comment

     Prison inmates in Ogun State have been advised to desist from acts capable of truncating the reformation process put in place to make them useful citizens at the end of their term. Ogun State Attorney-General and Commissioner for Justice, Dr. Olumide Ayeni, stated this while celebrating his 51st birthday with inmates of Ibara Prisons and…

    Continue Reading ...
  • Insurers Back Bill To Raise Additional N240bn From Motor Policy

    | Leave a comment

    Operators in Nigeria’s insurance industry have expressed their support for the ongoing plans to quadruple the country’s third party motor insurance policy from the current N5,000 premium per annum to N20,000. According to LEADERSHIP findings, a bill to increase the insurance premium from N5,000 to N20,000 sponsored by Senator Umaru Kurfi from Katsina Central has…

    Continue Reading ...
  • Pension Administrators Take Over N145bn Annuity Assets

    | Leave a comment

    No fewer than 26 underwriting firms, which are into life insurance business in the country, may have lost N145 billion annuity fund in their possession to the pension industry, a development, analysts said, would further reduce the revenue base of the insurance industry, LEADERSHIP exclusively learnt. The pension industry may have succeeded in taking away…

    Continue Reading ...
  • 2017: Experts Chart Ways To Economic Recovery

    | Leave a comment

    …. GDP to grow by 1.2 per cent …Inflation may slide to 15 per cent Financial analysts have expressed optimism that the country’s economy would experience increased activities in 2017 if innovative macroeconomic policies are deployed by the government. Managing director and chief executive of Financial Derivatives Company Limited, Bismarck Rewane foresees the economy picking…

    Continue Reading ...
  • ‘Huge Investments In Agriculture, Infrastructure Panacea For Recession’

    | Leave a comment

    Economic analysts have urged the federal government not to relent in its determination to formulate policies that will boost the agriculture sector and ensure massive investment in infrastructure, if the country is desirous of exiting recession this year. In chats with LEADERSHIP, the analysts commended the federal government’s efforts in making the agricultural sector of…

    Continue Reading ...
  • Insecurity: Insurance Firms Impose N2.3trn Premium On Nigeria-bound Ships

    | Leave a comment

    Foreign and local ship owners as well as charterers entering Nigeria’s territorial and coastal waters are paying a whopping N2.3 trillion every year to foreign insurance companies to insure their ships against any attacks, LEADERSHIP has exclusively gathered. Findings revealed that each of the 5,000 vessels calling at the nation’s ports are made to pay…

    Continue Reading ...
  • Insurance Sector Loses N240bn To 8m Uninsured Automobiles

    | Leave a comment

    The insurance industry has lost a whopping N240 billion premium income from the non-insurance of an estimated eight million tricycles and motorcycles which ply Nigerian roads, over a period of 16 years, from year 2000 to 2016, LEADERSHIP investigation has revealed. This figure, according to findings, is only N10 billion less than the total premium…

    Continue Reading ...
  • Controversy Trails PenCom’s Directive On Custody Of N145bn Annuity Fund With PFCs

    | Leave a comment

    The recent circular issued by the National Pension Commission (PenCom) mandating life insurance companies to transfer about N145.05 billion Annuity fund in their possession to Pension Fund Custodians (PFCs) is generating controversy between insurance and pension sectors, LEADERSHIP learnt at the weekend. Investigation showed that the insurance industry regulator and operators are unhappy with the…

    Continue Reading ...
  • 333 Lagos Retirees Get N1.5bn Pension Entitlement

    | Leave a comment

    Lagos State Government has paid N1.5 billion pension entitlement for the month of October, 2016, to 333 retirees in the state. The beneficiaries are retirees from the Mainstream Civil Service, Local Governments, and State Universal Basic Education Board (SUBEB), Teachers Establishment and Pensions Office (TEPO) and other parastatals of state government. The Director-General, Lagos State…

    Continue Reading ...
  • Zenith Bank, 6 Others Get Moody’s National Scale Ratings

    | Leave a comment

    Moody’s Investors Services has assigned national scale ratings (NSRs) to Zenith Bank, Sterling Bank Plc and five other Nigerian banks. This rating action, according to a statement from Moody’s, follows the publication of new national scale rating maps for Nigeria, Kenya and Morocco, which provide a measure of relative creditworthiness within a single country, and…

    Continue Reading ...

Daily Columns