Nigerian Life Insurance Firms Posted N124.6bn Gross Premium in 2016

Life Assurance underwriting Companies in Nigeria generated a total of N124.6billion gross premium in the year 2016. The companies ceded a total of N7.3billion to their reinsurers while retaining N117.2 billion as net premium. Gross claim paid by the life operators during the period stood at N67.2billion while net claims stood at N54.6billion. Management expenses… Continue reading Nigerian Life Insurance Firms Posted N124.6bn Gross Premium in 2016

30 Electronics shops destroyed in Calabar market fire.

A devastating fire recently wreaked havoc in an electronics market. Hopefully, their owners purchased appropriate insurance policies. New Post! Read, Comment & Share!!!

Sub-Saharan Africa to grow at a slower rate this year, World Bank says

The economy of sub-Saharan Africa is seen growing more slowly this year than previously forecast, largely due to weak investment and productivity, the World Bank said on Wednesday. In a report, it forecast growth in the region to be 2.4 percent in 2017, down from the 2.6 percent that it projected in April. But growth… Continue reading Sub-Saharan Africa to grow at a slower rate this year, World Bank says

The Imperative For Strict Regulation In The Road Transport Sector

NIGERIA RECORDS 79,875 ROAD ACCIDENTS IN THREE YEARS: THE IMPERATIVE FOR STRICT REGULATION OF ROAD TRANSPORTATION   Official documents obtained from ECONOMIC CONFIDENTIAL showed that no fewer than 79,875 road accidents occurred in Nigeria between 2013 and 2015. This was reported in THISDAY, Monday February 27, 2017. Out of this alarmingly high figure, a total… Continue reading The Imperative For Strict Regulation In The Road Transport Sector