• Saturday, December 02, 2023
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Five things to know to start your Monday


Afreximbank sets up insurance subsidiary to support intra-African trade

The African Export-Import Bank (Afreximbank) inaugurated its wholly-owned insurance management services subsidiary, AfrexInsure, on Sunday.

AfrexInsure was inaugurated on the sidelines of Afreximbank’s 30th Anniversary Annual Meeting in Accra, Ghana, on Sunday, a statement released by BrandComms Agency said.
Afexinsure will assist in providing a single entry point for all specialty insurance needs, which should assist in optimally managing related risks for the trade and commerce sector in Africa, the company said.

Read also: Subsidy: NEC sets up committee to work out modalities for palliatives distribution

Subsidy Removal: Kwara evolves modalities for transport palliatives

Hajiya Habitat Saidu, Permanent Secretary of the Kwara Ministry of Tertiary Education, said that the ministry has met with stakeholders to work out modalities on the free transport palliatives provided by the government to cushion the effect of fuel subsidy removal on staff and students.

Saidu disclosed this after an interactive meeting with the stakeholders in Ilorin to map out the strategies to be adopted on Governor AbdulRahman AbdulRazaq’s directives.

The permanent secretary, who emphasised the goodwill of AbdulRazaq’s administration for the student community and Kwarans at large, charged stakeholders in various sectors to also complement government efforts.

N201bn withdrawn from pension fund by 466,812 disengaged workers – PenCom

The National Pension Commission (PenCom) said that no fewer than 466,812 workers who were disengaged from their jobs have withdrawn N201.2 billion from their Retirement Savings Accounts (RSA), amounting to a quarter of their total savings as of the end of the first quarter of 2023.

In its latest report, PenCom said that about 13,126 job losers withdrew around N12.72 billion in the first quarter of 2023, in addition to the N188.51 billion withdrawn by 453,686 job losers from its beginning till the end of 2022.

“The department granted approval for the payment of N12.72 billion (being 25 percent of their RSA balances) to 13,126 RSA holders under the age of 50 who were disengaged from employment and unable to secure another job within four months,” it stated.

Rural dwellers will be captured in NHIA – Zonal Coordinator

Adamu Abdullahi, the Zonal Coordinator, North Central, of the National Health Insurance Authority (NHIA), has promised that those living in rural communities will be captured in the scheme.

Abdullahi told newsmen in Ilorin that the NHIA has been undertaking reforms to reposition the authority to adequately respond to the challenge of attaining Universal Health Coverage (UCH) in Nigeria by the year 2030.

He stated that the authority has been sensitising the public to embrace the new Groups, Individuals, and Family Social Health Insurance Programme (GIFSHIP) policy scheme, which has made provision for every Nigerian to have health insurance.

Surging mortgage rates bring early summer slowdown for UK housing market: Rightmove


Asking prices for British homes fell in June for the first time in six years, indicating an earlier-than-usual summer slowdown amid mortgage market turmoil and expectations of further Bank of England interest rates increases, a survey showed on Monday.

Property website Rightmove said the drop was very small – 82 pounds ($105), or close to zero in percentage terms – but it was nonetheless the first monthly decline in asking prices this year and the first drop seen in the month of June since 2017. (Reuters)