$20bn needed yearly to achieve 2027 economic target -Edun
December 21, 2024
The National Insurance Commission (NAICOM) has released new guidelines to address underwriting challenges. The areas covered are distribution, insurance product innovation, policy and claims servicing. Other areas covered by Insurance Regulatory Sandbox Regulatory Guidelines, are market conduct guidelines for Takaful, Retakaful insurance operators, enterprise risk management framework for Takaful. According[Read More…]
Nigerians in Diaspora Commission (NiDCOM) said a total of 2,246 Nigerians have so far been evacuated from Sudan. Head of Media, Public Relations and Protocols Unit of NiDCOM, Mr Abdur-Rahman Balogun, stated this on Friday in Abuja, while giving updates on the Federal Government’s evacuation efforts since May 3. He[Read More…]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled an Industry Digital Automated Portal (IDAP) for monitoring and reporting of the Host Community Development Trust (HCDT). The commission said the platform was developed for transparent administration of the host communities as provided by the Petroleum Industry Act (PIA) 2021. The[Read More…]
The Standards Organisation of Nigeria (SON) has unveiled a technology solution known as Product Authentication Mark (PAM), to curb influx of substandard products into the Nigerian market. The Director-General of SON, Malam Farouk Salim stated this at a sensitisation meeting with stakeholders in Port Harcourt. He said the technology is[Read More…]
The Nigeria Employers’ Consultative Association (NECA) has advised the Federal Government to suspend its new excise duty, taxes and levies. Its Director-General, Adewale-Smatt Oyerinde, in a statement, noted that the increases, if implemented, would be counter-productive, as they would aggravate the rate of unemployment, encourage smuggling, discourage foreign direct investment[Read More…]
…Condemns increase in tariff The National Union of Electricity Employees (NUEE) has called on the President-elect, Asiwaju Bola Ahmed Tinubu, to, on assumption of duties, declare a state of emergency in the power sector, describing its privatisation as a fraud. Speaking with The Nation, the President of the union, Comrade[Read More…]
The first batch of 376 Nigerian students trapped in war-torn Sudan arrived in Abuja on Wednesday night via Air Peace and the Nigeria Air Force aircraft. They received the sum of N100,000 each on their return to the country. The evacuees also got N25,000 worth of recharge cards and 1.5[Read More…]
Maritime Workers Union of Nigeria (MWUN) has called on the management of the Nigerian Shippers’ Council to give kind consideration to the proposal of the Ports and Terminals Multiservices Limited, PTML and other terminals operator for an increment in the vehicle/car tariffs which has not been reviewed over a decade.[Read More…]
… promotes 22 others The Governing Board of the Nigerian Maritime Administration and Safety Agency, (NIMASA) has approved the appointment of Mrs Olubusola Obasanjo-Akande and Christopher Amakulo as directors. In a statement, the board disclosed it had also approved the promotion of 22 assistant directors to deputy directors, 86 chiefs[Read More…]
Policy makers in the health sector have been urged to, as a matter of urgency, automate the administration of hospitals, in order to ensure an effective and efficient service delivery in Nigeria. This and more were the focal points of an event which brought various health sector stakeholders under the[Read More…]