Dr Timothy Olawale, Director-General, Nigeria Employers Consultative Association (NECA) has expressed concern of the association, at the growing unemployment rate, as released by the National Bureau of Statistics (NBS).
Olawale told the News Agency of Nigeria (NAN) on Wednesday, in Lagos, that the recently released data by the NBS was worrisome.
NAN also reports that a recently released Labour force report, published by the NBS shows that Nigeria’s unemployment rate as of the end of 2020, rose to 33.3 per cent from 27.1 per cent recorded as of Q2 2020.
The report indicated that about 23,187,389 (23.2 million) Nigerians remained unemployed.
“While the figure shows that the unemployment crisis is worsening at an alarming rate, it is also instructive to note that the socio-economic factors that increased the figure to 27 per cent in the last NBS release remain.
COVID-19, #EndSARS batter Insurance sector
On
It’s still showing resilience – Operators
By Peter Egwuatu
Adverse operating environment headlined by COVID-19 Pandemic and #EndSARS protest in 2020 has taken a massive toll on the growth rate of the Nigerian insurance industry.
But top 16 insurers have managed to record positive figures in their 2020 financial results though significantly below previous year’s figures. The 16 companies control over 80 percent of the entire industry.
The 16 companies are AIICO Insurance, Axa Mansard, Consolidated Hallmark, Cornerstone Insurance, and Coronation Insurance. Others are Linkage Assurance, Mutual Benefits Assurance, Nem Insurance, Niger Insurance, Prestige Assurance, Regency Alliance, Royal Exchange, Sovereign Trust, Sunu Assurance, Universal Insurance, and Veritas Kapital.
Vanguard News
Insurance sector struggles with adverse environment
On
Insurance
Adverse operating environment headlined by COVID-19 Pandemic and #EndSARS protest in 2020 has taken a massive toll on the growth rate of the Nigerian insurance industry.
But top 16 insurers have managed to record positive figures in their 2020 financial results though significantly below previous year’s figures. The 16 companies control over 80 percent of the entire industry.
The 16 companies are AIICO Insurance, Axa Mansard, Consolidated Hallmark, Cornerstone Insurance, and Coronation Insurance. Others are Linkage Assurance, Mutual Benefits Assurance, Nem Insurance, Niger Insurance, Prestige Assurance, Regency Alliance, Royal Exchange, Sovereign Trust, Sunu Assurance, Universal Insurance, and Veritas Kapital.
Nigeria: OPS - AfCFTA Will Attract Multinationals to Manufacture in Nigeria allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
2020-12-17 13:35:39 GMT2020-12-17 21:35:39(Beijing Time) Xinhua English
by Olatunji Saliu
ABUJA, Dec. 17 (Xinhua) Nigeria s decision to reopen its borders will facilitate implementation of the African Continental Free Trade Area (AfCFTA) agreement, as well as stem the tide of growing prices of goods and services, said local experts.
The effective date for the AfCFTA agreement to come into force ought to have been July 2020, however, it was postponed to Jan. 1, 2021, as a result of the COVID-19 pandemic.
Nigerian President Muhammadu Buhari has approved the reopening of the nation s land borders with neighbouring countries which were shut 16 months ago in a bid to curb smuggling, said Zainab Ahmed, the minister of finance, budget and national planning on Wednesday.