Agusto & Co. Limited, the pan-African credit rating agency has estimated a 15 per cent growth in Gross Premium Income (GPI) for the financial year ended December 31, 2020.
This was revealed in the agency 2021 insurance industry report. The 2021 edition of the annual report provides a comprehensive review of the insurance landscape in Nigeria and the near-term expectation for the Industry.
Contained in the report is a review of the coronavirus pandemic, as it affects the Nigeria insurance industry and strategies adopted by insurers to minimise the associated disruptions while optimising the opportunities provided by the pandemic.
Innovation in product distribution induced by the pandemic, regulatory-backed opportunities including the digitisation of marine insurance certificates and increasing awareness of the benefits of insurance products were some of the GPI growth drivers during the 2020 financial year.
According to Agusto & Co., the violence that trailed the #EndSARS protest in October 2020 adversely impacted the Industry in terms of additional claims, which in turn impaired profitability for the 2020 financial year and would moderate the performance of some insurers in 2021.
The National Bureau of Statistics (NBS) says there was an increase in active internet subscribers from 151.5 million in the third quarter to 154.3 million in the fourth quarter of 2020.
It said this on Thursday in Abuja in its just published “Telecoms Data: Active Voice and Internet per State, Porting and Tariff Information (Q4 2020).”
According to the report, this represents a 1.84 percent growth in internet subscriptions Quarter-on-Quarter.
The report also said there was a -0.32 percent decrease in active voice subscribers in the Q4 from 205.2 million in Q3 to 204.6 million.
The NBS said Lagos State with 24.8 million had the highest number of subscribers in terms of active voice per state in the period under review, closely followed by Kano which had 12.6 million and Ogun 12 million.
However, Bayelsa with 1.45 million subscribers and Ebonyi with 1.81 million had the least number of subscribers.
Similarly, Lagos emerged the state with the highest number of subscribers in terms of active internet per state in Q4 with 18.9 million subscribers.
Nigeria’s Minister of Mines and Steel Development, Olamilekan Adegbite says gold has been discovered along the Abuja, Nasarawa axis through the National Integrated Mineral Exploration Project, NIMEP, programme undertaken by the ministry.
The Minister added that the NIMEP project, which had cost the ministry N15 billion had generated geoscience data that had foreign investors excited about the mining prospects in the country.
He however expressed caution in saying that the ministry was resolved to avoid a repeat of the Zamfara experience in Nasarawa State, in which bandits were largely in charge of the gold mining in that state.
Adegbite, during his visit to the governor of Nasarawa State, Abdullahi Sule, assured him of the ministry’s intention to develop the mineral resources in the state.
The governor of Akwa Ibom State, Mr Udom Emmanuel has officially declared the 21-smart storey building, also known as the Dakkada Towers, completed and up for lease to high-earned clients.
The governor made this known yesterday at the State Executive Council meeting in Uyo, the Akwa Ibom State capital.
The smart building which is a flagship project of the current administration, was delivered to Governor Emmanuel fully completed in December 2020, by the project contractors, VKS Nigeria Construction Limited.
The commendation from the governor came on the backdrop that the project which was agreed to be completed in two years and six months was completed by the contractors in less than two years.
After thorough inspection by experts, the state-of-the-art edifice, which is renowned as the tallest in the Niger-Delta region, was declared ready for use by the governor.
Eating a slice or two of Chocolate Cake sometimes makes one feel guilty especially when you are on diet, little wonder it’s called Guilty Pleasure, but not to worry some experts have found out that eating Chocolate Cake might have some health benefits.
It’s tough to find out one who does not like bakery products like cakes and chocolate cakes are on the top of the list. From 8-80, it is favourite to all, no matter what the age is or when to eat. To consume a delicious Chocolate Cake is always fun and pleasing.
New research says that chocolate cakes have incredible health benefits with weight loss facilities. They are good for health and help you shed extra pounds if you take it at a particular time of the day. Especially morning time is the best time to consume sweets like cakes. It is because at that time your metabolism is fast and active. You will easily burn off the extra pounds as your metabolic rate is high in the morning. Don’t allow your body to consume extra calories for the rest of the day.
The research workers continued that the brain is such a body part that needs energy for the day’s tasks. When you consume chocolate cakes early in the morning your body converts food into energy and you have the energy to work for the whole day. A piece of chocolate cake as a part of breakfast includes proteins and carbs in your body to help you perform your routine work more effectively.
A study says people who have heavier breakfast with a dessert like chocolate cake experience a lower level of ghrelin that is known as the hunger-stimulating hormone. This helps them consume less food later in the day. Automatically, it boosts the natural weight loss. Interesting. Here are some benefits of Chocolate Cake
It is proved that chocolate improves your emotional wellbeing and it has a positive result in boosting your memory.
Not only dark chocolate is good for your brain but it improves your blood circulation and it is good for your heart and soul.
Eating chocolate cakes reduces the risk of strokes.
It is a source of useful minerals like potassium, selenium, and zinc. The impact of these minerals is good on your health.
Cocoa is present in chocolate cakes. It increases the level of good cholesterol (HDL) and reduces the level of bad cholesterol (LDL).
Now, I think this quite an interesting research, but one thing for sure is it feels soo good eat some Chocolate Cake. Here is a quick recipe for that Moist Chocolate Cake Recipe
Prep Time15 mins
Cook Time35 mins
Servings 12
INGREDIENTS
1 3/4 cups all purpose flour
2 cups granulated white sugar
3/4 cup unsweetened cocoa powder
1 1/2 tsp baking soda
3/4 teaspoon salt
2 large eggs
1 cup buttermilk or substitute by putting 1 tbsp white vinegar in a cup then filling the rest up with milk; let stand 5 minutes until thickened
1/2 cup butter melted
1 tbsp vanilla extract
1 cup hot coffee or 2 tsp instant coffee in 1 cup boiling water
INSTRUCTIONS
Preheat oven to 350 degrees. Grease and flour two 9-inch baking pans (or line with parchment paper circles) and set aside.
In the large bowl of a standing mixer, stir together flour, sugar, cocoa, baking soda, and salt. Add eggs, buttermilk, melted butter and vanilla extract and beat until smooth (about 3 minutes). Remove bowl from mixer and stir in hot coffee with a rubber spatula. Batter will be very runny.
Pour batter evenly between the two pans and bake on middle rack of oven for about 35 minutes, until toothpick inserted in centre comes out clean with just a few moist crumbs attached.
Allow to cool 15 minutes in pans, then run a butter knife around the edges of each cake. Place a wire cooling rack over top of each pan. Wearing oven mitts, use both hands to hold the racks in place while flipping the cakes over onto the racks. Set the racks down and gently thump on the bottom of the pans until the cakes release. Cool completely before handling or frosting.
President Muhammadu Buhari has insisted that as far as Libya remains unstable, illegal arms and ammunition will continue to flow into Nigeria and other countries in the Sahel region, stating that the closure of Nigeria’s land borders for almost one year did not stop the inflow of arms and ammunition into the country.
The president expressed concern about security in Nigeria and the Sahel during a meeting yesterday at the State House, Abuja, with the outgoing Special Representative of the United Nations Secretary-General and Head of the United Nations Office for West Africa and the Sahel (UNOWAS), Mr. Mohammed Ibn Chambas.
Also yesterday, North-west governors met in Abuja over the rising insecurity in the zone even as the Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha, charged states to evolve mechanisms for securing forest reserves, which fall under their purview, and have been turned into bandits’ enclaves.
Establishing a link between the ongoing insecurity in the Sahel and Libya, Buhari said the late President Muammar Gadaffi held a firm grip on power in Libya for 42 years by recruiting armed guards from different countries, who then escaped with their arms when the Libyan strongman was killed.
He said: “The armed guards didn’t learn any other skill than to shoot and kill. So, they are a problem all over the Sahel countries today.
Weaving contemporary designs into a traditional West African fabric, Nigerian Tsemaye Binitie is creating fashion he hopes can also bridge the gap between luxury and the everyday.
His material of choice is Aso-oke, a hand-woven cloth indigenous to the Yoruba people and historically used on special occasions.
Binitie, began using the fabric in 2017, and he infuses the yellow dresses that are his signature creations with cottons and silks to give them a post-modern feel.
“We started to use contemporary African art and culture within the threads of the collection so you see hints of it or very … obvious (signs),” said Binitie, who divides his time between Lagos and London.
“It’s sort of informed fabric, informed colour, informed styling.”
Priced at between $300 and $4,000, his TB12 custom collection features Aso-oke – which means “top cloth” in Yoruba – in seven different shades.
“We are sort of preserving the culture, you know, that we’ve watched all our lives in front of us … and teaching the younger generation that it is something to be proud of, something to want to wear,” he told Reuters.
Fellow Lagos designer Lisa Folawiyo specialises in a different traditional cloth, the West African wax prints known as Ankara, and her hybrid collection, called Batkara, incorporates Batik designs embellished with needle-work beadings and sequin trimmings. “We have merged what is indigenous to us with what is familiar in the West and we’ve made it ours,” she said.
That same synthesis informs the aesthetic of Alara, a Lagos store dedicated to showcasing contemporary African fashion for the Nigerian and the diaspora markets. Its Head of Partnerships, Arinola Fagbemi, says more and more people are thinking about African luxury “in terms of how we live on a day-to-day basis not just for celebratory moments.”
Taiwo Awoniyi said his focus remains playing for Liverpool as he hopes to fulfil his life-long dream of featuring in the Premier League.
The 23-year-old joined the Reds in August 2013 after helping Nigeria win the Fifa U17 World Cup that year, but he is yet to play a competitive game for the club due to the failure to secure a work permit in the UK.
Awoniyi is currently on his seventh loan spell at Union Berlin where he has scored five goals in 19 Bundesliga matches this season.
Following the review of the work permit requirements post-Brexit, the Nigeria youth star is hopeful of his chances to play for Liverpool after his regular appearances in the German top-flight this season.
Northern Ireland’s Education Minister, Peter Weir, says schools should be encouraged to be flexible on relaxing rules on school uniforms as more pupils return to class.
He said this when asked by Ulster Unionist MLA Robbie Butler about the issue.
All primary school pupils will return on Monday.
Butler said that children might need to wear warmer clothes due to the need to keep classroom windows open.
In a statement British media, he said ill-fitting uniforms would not be easy to replace so late in the school term while many parents are on tight budgets.
Post-primary students in years 12 to 14 will also return on Monday, while those in years 8 to 11 will go back on 12 April, after the Easter break.
The education minister said changing uniform requirements was a matter for schools’ boards of governors to decide directly, adding that there was a wider discussion about the direct requirements of school uniforms and their cost, which needed addressed in the long-term.
Eight students of the University of Abuja, Gwagwalada, FCT, have received the sum of N2.2 million for undergraduate research in various disciplines.
The presentation was done during the university’s first Undergraduate Research Day, with the theme: “Promoting National Development Through Research” aimed at encouraging students to go for research.
The Vice-Chancellor of the university, Prof. Abdulrasheed Na’Allah, while presenting the cheque called on academics and students of the institution to come up with cutting-edge researches that would provide solutions to challenges in the country.
Na’Allah said with the rate of socio-economic problems confronting the nation, tertiary institutions must solve societal and national problems through researches.
He stressed the need for universities to come up with research works that will make positive changes in the society.
He noted that good research institutions would teach researchers how to effectively prepare students for the rigours of university education and techniques to improve outcomes in universities.
A beneficiary of the grant from the department of veterinary medicine, Afolabi Victor, thanked the university for the grant given to him and promised to finish his research as scheduled.
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