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Niger Insurance Settles Over N3 Billion Claims In Two Years
Niger Insurance Plc said it paid N3.3 billion as claims in two years. The insurance company said it paid claims and benefits totalling N1.7 billion in 2019 against N1.6 billion paid in 2018. At the AGM, the Managing Director/Chief Executive Officer, Niger Insurance, Edwin Igbiti stated: “In response to the company’s liquidity challenges, which delayed…
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Nigeria’s Mobile Internet Subscription Drops By Over 500,000 Subscribers
Figures released by the Nigerian Communications Commission have shown that Nigeria’s mobile internet subscribers decreased by 563,837 in December 2020. The total number of Internet users dropped to153.87 million from 154.43 million in November 2020. The report also showed that broadband subscription fell by 0.12 per cent, from 86 million in November to 85.9 million…
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$1.3 Trillion Tourism Revenue Lost During Pandemic
The United Nations agency has said that global tourism has suffered its worst across continents in the world with international arrivals dropping by 74 percent in 2020. The latest data from the World Tourism Organisation reported that the destinations worldwide welcomed one billion fewer international arrivals in 2020 than in the previous following the restriction…
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WHO: 130 Countries, 2.5 billion People Yet To Be vaccinated
The World Health Organisation has disclosed that about 130 countries, with 2.5 billion people, are yet to administer a single dose of COVID-19 vaccine. This disclosure was made by the WHO Director-General, Dr Tedros Ghebreyesus at a regular press briefing on COVID-19, in Geneva. “Around 130 countries, with 2.5 billion people, are yet to administer…
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COVID-19 Killed 405 Persons In two Months
The Presidential Task Force in COVID-19 reported that 405 deaths have been recorded in two months, between November and January. PTF Chairman and Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, said the fatality rate is 34 percent higher. COVID-19-related deaths increased from 1,173 as of last November 29 to 1,578 on…
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In 21 years, NLNG Generates Revenue Worth $108 Billion
The Nigeria Liquefied Natural Gas Company Limited said it has generated revenue amounting to $108 billion. The company added that it has 23 ships that have delivered about 5000 LNG cargoes to destinations around the worth since its establishment 21 years ago. It also noted that out of the revenue a dividend worth $35 billion…
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Nigeria’s Foreign Capital Inflow Drops $9.68bn, Lowest In Four Years
The foreign capital flow into Nigeria reduced by more than half in 2020 to $9.68 billion. According to the National Bureau of Statistics, it is the lowest level obtained in four years. The NBS, in its capital importation report for the fourth quarter and full-year 2020, said the total value of capital importation into the…
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8 Oil Producing States Received N6 Trillion In 11 years
Eight oil-producing states received N6.589 trillion from the Federation Account between 2009 and 2019 under the 13 percent derivation principle according to a report published by ACIOE Associates to key officers of the National Assembly and aides to the president and minister of Niger Delta Affairs. According to the report, the money received by the…
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STUDY: Insufficient ICU Beds Linked To Thousands Of COVID-19 Deaths
A research study by Yale researchers claimed that during the early weeks of the COVID-19 pandemic, the increasing records of deaths were tied to the lack of ICU beds in hospitals. According to the study published in the Journal of Hospital Medicine, it found a significant association between the availability of hospital resources, particularly ICU…
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PwC: Nigeria has $900 Billion Dead Capital
PWC Nigeria has reported that Nigeria holds as much as $900 billion worth of dead capital locked up in residential real estate and agricultural land. It further added that of the estimated figure, the federal government’s abandoned properties account for N230 billion. Dead capital refers to unregistered real property, and is considered lost value because…