Breaking News in Nigeria Today Monday 9th November 2020
Here are some of the Breaking News in Nigeria Today Monday 9th November 2020 on some of the nation newspapers .
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#EndSARS protests: NAICOM tackles insurers on business recovery
The National Insurance Commission (NAICOM) has implored insurance operators to lead in the quick recovery and restoration of businesses affected by the recent #EndSARS riot. The Commissioner for Insurance, Sunday Thomas, who said this last week, pointed out that operators should showcase their role in reinforcing the economic resilience of individuals, businesses …
Experts seek economic retooling for growth
Following the need to get the economy back in shape, experts in the pension and insurance sectors have advised government to retool the process of doing business. Making the declaration in Lagos last week, the Chairman, Nigeria Social Insurance Trust Fund, (NSITF), Austin Enajemo-Isire, said there was urgent need to consider alternative …
Restructuring debate gains momentum
Restructuring: Confab, APC reports battle for primacy FELIX NWANERI reports on the new dimension to the debate on restructuring of Nigeria, following arguments over whether the respective reports of the 2014 National Conference or the ruling All Progressives Congress (APC) 2017 Committee on Restructuring should enjoy prominence The need to restructure Nigeria …
AIICO Insurance posts N47.2bn gross premium written
The Managing Director/Chief Executive Officer, AIICO Insurance Plc, Babatunde Fajemirokun, has said the underwriting firm achieved a 27 per cent year-on-year growth in gross premiums written in 2020, from N37.0 billion in Q3’19 to N47.2 billion in Q3’20. He noted that the global and local macroeconomic headwinds had continued to test the …
Nigeria needs $15bn yearly to finance infrastructure deficit
Nigeria needs $15 billion annually over the next five to six years to finance its infrastructure deficit, Mr.Adekunle Oyinloye, Managing Director, Sifax Shipping Company Limited and former CEO, The Infrastructure Bank Plc has said. Oyinloye, who stated this yesterday in a paper he presented at the 24th Annual Conference of the Chartered Institute of …
FDC: #EndSARS disruptions may push inflation to 14.5%
Citing disruptions caused by the #EndSARS crisis, analysts at Financial Derivatives Company (FDC) have revised their estimates for inflation in October 2020 upward to 14.5 per cent from the previous 14.2 per cent projection. The analysts, who stated this in the FDC’s latest Lagos Business School (LBS) Breakfast Session presentation obtained by New Telegraph yesterday, …
SEC extends deadline to file quarterly financials
REGULATORY FUNCTIONS The quarterly financial statements are now due for submission by Monday, November 30, 2020 Following the disruption to business operations across the country, the Securities and Exchange Commission (SEC) has extended deadline for market operators to file quarterly financial statements for the period ended September 30,2020 to 30-day grace period. The …
Adegbami: BVN not encompassing enough to check loan default
With about 20 years working experience, the Managing Director/Chief Executive Officer, Mainstreet Microfinance Bank, Mr. Adegoke Adegbami, is a prominent personality in Nigeria’s MFB sub-sector. In this interview, he speaks on how the MFB has fared following COVID-19 crisis and the need for government to support the sub-sector. TONY CHUKWUNYEM brings the excerpts …
Biden: I’ll restore America’s soul
Joe Biden, a former Vice President, is the President-Elect of the United States of America. In his remarks on Saturday after being declared the winner of the U.S. Presidential Election, Biden spoke about his plans to reunite the U.S. and restore her soul. Excerpts: My fellow Americans, the people of this nation have spoken. …
2023: Devolving powers to resolve ‘restructuring’
Like a balloon that refuses to stay under water, restructuring of the polity, either via a brandnew constitution or reworking of the amended 1999 Constitution, has remained on the burner. Most Nigerians agree that the constitution, a product of Military decrees, is flawed, starting from its preamble that falsely claims, “We the people of …
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