Unknown gunmen on Tuesday kidnapped two members of the Nasarawa village head’s family in Tsanyawa Local Government Area, Kano State. His wife, Halima Kabiru, 38, and his 20-year-old son, Dahiru Kabiru, were kidnapped. Mr. Mamman Dauda, the state’s Commissioner of…
By Olumide David Afrexim Bank Insurance Management Company (AFREXInsure) – a subsidiary of African Export – Import Bank (AfreximBank) of African Export-Import Bank (Afreximbank) – has secured its first insurance policy, facilitating the issuance of construction insurance cover to Oman Shapoorji…
By Sodiq Adelakun A 41-year-old man identified as Temidayo Oladimeji has been arrested by the police for allegedly kidnapping a journalist in Ogun State. The Police had on March 24 arrested Oladimeji as one of those who abducted the journalist,…
Not less than ten (10) students of a secondary school in Kachia Local Govern ment Area (LGA) of Kaduna State have been kidnapped by suspected bandits. The development has been confirmed by the Kaduna State Government. The government said that…
The National Pension Commission (PenCom) has approved the withdrawal of over N1.72 trillion for Pension Fund Administrators to pay Retirement Savings Account (RSA) holders from inception to 31st December 2022. According to PenCom in its 2022 4th quarter report, retirees…
Leadway Assurance Limited, stated in its 2022 financial year, records a total premium collection of N104.4 billion of which Gross Written Premium (GWP) was N92.5 billion; N10.8 billion from its Savings & Investment subsidiary and another N1.1 billion from its…
After many years of persistent attacks on Trans Niger Pipeline (TNP) which transports an average of 180,000 barrels per day to Bonny Export Terminal, Belemaoil Producing Limited, operator of the NNPC/BPL OML 55, Joint Venture has revealed plan to begin…
Nigeria’s revenue from crude oil export increased by N337billion in March, hitting N1.8trillion, according to data obtained. This came as the country attained its crude oil production target of 1.6 million barrels per day in March, from 1.3 million barrels…
By Seun Ibiyemi The International Air Transport Association latest report has revealed that the total amount of foreign airlines’ trapped funds in Nigeria has risen to $802m and warned the Nigerian government that the situation could hamper air connectivity, economic…
Nigeria’s local insurance firms lost about N81.8 billion to their foreign counterpart instead of N37.8 billion as provided by the relevant local content law on oil and gas insurance in 2022. The law stipulated that 70 per cent of total…
