October 3, 2022

[GIST] N3.92tn fuel subsidy topples defence, health, education budgets

[GIST] N3.92tn fuel subsidy topples defence, health, education budgets

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

The N3.92tn spent as subsidy on Premium Motor Spirit, popularly called petrol, from January 2020 to June 2022 is higher than the cumulative individual federal budgets for health, education and defence during the 30-month period. Findings show that over the last 30 months, Nigeria has spent more on fuel subsidy than on either the health,


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[GIST] Stock market dips by N1.48tn in Q3

[GIST] Stock market dips by N1.48tn in Q3

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

The Nigerian stock market lost N1.48tn in the third quarter (Q3) of 2022 as investors’ shifted investment to fixed market instruments. In the period under review, the stock market witnessed an increase in interest rate to 15.5 per cent, the third consecutive rate hike and the highest since the MPC replaced the Minimum Rediscount Rates


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[GIST] Sanwo-Olu restates commitment to eradicating sexual violence

[GIST] Sanwo-Olu restates commitment to eradicating sexual violence

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

The Lagos State Governor, Mr Babajide Sanwo-Olu, has said the state will not rest on its oars until its goal of making the state free of sexual and gender-based violence is achieved. Sanwo-Olu said this on Friday during an event at the office of the state Domestic and Sexual Violence Agency in Lagos. He said,


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[GIST] Noor creates awareness on Takaful insurance

[GIST] Noor creates awareness on Takaful insurance

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

Noor Takaful Insurance Limited has advised Nigerians to subscribe to the ethical product that offers enormous benefits to all members of society. A statement said the firm gave the advice at the Takaful workshop organised by Noor Takaful Insurance Limited in Ibadan, Oyo State, with the theme, ‘Takaful: the next frontier for insurance’. The workshop


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[GIST] CIIN grooms young insurance professionals

[GIST] CIIN grooms young insurance professionals

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

The Chartered Insurance Institute of Nigeria has expressed a commitment to human capacity development and technology adoption. In line with its mandate of training insurance professionals, the institute said it empowered over 50 young insurance millennial leaders at the third edition of its youth mentorship programme tagged ‘Boot Camp 3.0’. A statement said the mentorship


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[GIST] MSMEs are engines of economic growth, says Obaseki

[GIST] MSMEs are engines of economic growth, says Obaseki

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

Edo State Governor, Godwin Obaseki has said that Micro, Small and Medium Enterprises are the engines of any economy. He said the sector has the capability to become the largest employers of labour. Obaseki, who was represented by his Commissioner for Business, Trade and Cooperative, Afishetu Braimoh, stated this at a one day event to


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[GIST] ‘Old persons shouldn’t be made redundant’

[GIST] ‘Old persons shouldn’t be made redundant’

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

A medical expert has advised citizens not to allow old persons to be redundant in their daily lives as this may predispose them to chronic diseases and stress-related diseases associated with the ageing process. According to a statement on Sunday, the guest speaker, Dr Omolara Aderemi, gave this advice during an event to commemorate the


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