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Uproar as Senate okays fresh $800m World Bank borrowing

Uproar as Senate okays fresh $800m World Bank borrowing
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JUST IN: Uproar as Senate okays fresh $800m World Bank borrowing

His words: “The federal government proposal of N8,000 monthly pay to 12 million Nigerian poor households is not feasible. Nigeria is more than 200 million, the question is how would they get these 12 million poor households and what can N8,000 do for these people whom the government claim are poor?.

Experts charge insurers on N59trn real estate opportunity

Experts in the nation’s insurance industry have called on underwriting firms to tap into opportunities in the real estate sector, which valuers estimate at about N59 trillion to contribute to the growth of the economy. The Guardian gathered that although real estate investment is not admissible as a part of the paid-up capital in the ongoing exercise, insurers perceive property as another investment sanctuary. Many insurers after the regulatory-induced recapitalisation will have enough funds at their disposal to invest in profitable sectors to give good returns to their shareholders. x The National Insurance Commission (NAICOM), has raised the minimum paid-up share capital of a life insurance company from N2 billion to N8billion, non-life insurance from N3 billion to N10billion and composite insurance from N5billion to N18billion.

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