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Agribusiness: Firm set to unlock estimated over $80bn South West GDP, agric potential


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Agribusiness: Firm set to unlock estimated over $80bn South West GDP, agric potential
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By Gabriel Ewepu – Abuja
As agriculture continues to take centre stage in Nigeria’s march to economic diversification, a firm called Odua Investments Company Limited, Thursday, disclosed moves to unlock estimated South West Gross Domestic Product, GDP, worth over $80 billion and galvanize its huge agricultural potential.
The move was made known in a statement signed by the Group Chairman, Odua Investment, Dr Segun Aina, on the inauguration of six new directors of one of its subsidiaries, SWAgCo.
According to Aina the appointment of new directors of SWAgCo is perfectly timed to ensure implementation its strategies to take advantage of the huge economic potentials in agriculture across the South West region and beyond. ....

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MetLife, Inc.: MetLife Completes $5 Billion Longevity Reinsurance Transactions with Rothesay


MetLife, Inc.: MetLife Completes $5 Billion Longevity Reinsurance Transactions with Rothesay
MetLife, Inc. announced today that its subsidiary, Metropolitan Tower Life Insurance Company, has closed its second and third longevity reinsurance transactions with Rothesay Life Plc, reinsuring approximately $5 billion of pension liabilities associated with two U.K. bulk annuity transactions completed in the fourth quarter of 2020.
We are pleased to expand our relationship with Rothesay and build on our previous success to execute the latest two transactions very quickly and efficiently, said Jay Wang, senior vice president and head of Risk Solutions for MetLife s Retirement Income Solutions business. With these transactions, we will continue to execute on our strategy, using our actuarial expertise and history managing longevity risk to expand our footprint within the U.K. longevity reinsurance market. ....

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