Experts proffer ways to grow insurance sector
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by lucy nwachukwu4 representatives of leadway assuarance plc gni and veritas insurance all commended the management of rifan for taking the bold initiatives and pledged their commitment to support the association in every way possible1 ujoatuonu said this at the inauguration of the retail insured family association of nigeria rifan with a theme enhancing insurance confidence in nigeria the role of policy holders in abuja1 according to him nigerias insurance sector has great potential due to its huge population but is best be described as struggling with less than one million adults having a form of insurance1 he said beyond restoring insurance industry confidence there is need to further deepen insurance penetration in nigeria1 the insurance industry must rise up to exploit nigerias huge population to advantage for a meaningful result there should be coordinated approach in creating awareness in the grass root1 on a broader perspective synergies should be created between the regulator operators and aggregators also schools awareness campaign is another major way to catch them young1 mr lawrence dafiode managing partner carmel and associates risk and management consultant who chaired the event commended the players in the insurance sector while urging them to do more to drive the sector1 he said we can all testify to the facts that the insurance industry in nigeria has been performing below its potential and expectation1 while many at different times have identified the challenges facing the industry not much has been done to address them1 mr ben ujoatuonu managing director universal insurance plc on thursday said with increased public awareness and prompt settlement of claims by policy holders nigerias insurance sector would thrive1 mr akin bello national chairman rifan in his address expressed the associations continued desire to partner stakeholders in the sector to increase insurance awareness at the grassroots and enhance overall public confidence in insurance1 bello said rifan commends the efforts of the insurance industry at various levels to improve the image of the insurance sector in nigeria1 we wish to identify with the national insurance commission naicom for being proactive in seeking partnership with the various states through the new state insurance producers sip model1 rifan hereby pledges her commitment to continue to support naicom in this direction he said1 according to him rifan is registered under the laws of nigeria as a free association of insurance policyholders in nigeria with a mission to create awareness increase public confidence and ensure prompt claims payment1 he said the association was working at having members in all the 36 states of the federation and would leverage a robust information technology platform to guarantee protection of members interest1 mr rotimi ayeola a representative of naic urged the association to also reach out to farmers in the country while carrying out its mandate of public awareness of insurance1 he also expressed naics desire to support rifan in taking care of the policy holders adding that naic would play the role expected of it to drive insurance penetration1 it is for this purpose that i am happy to be part of this occasion as we inaugurate an organisation that aim at improving the performance of the industry by focusing on its retail end1

BRISIN Recruitment: FG opens new portal
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by lucy nwachukwu4 the federal government recently opened the portal for the recruitment of 5000 unemployed nigerians in the fct in the pilot phase to drive the implementation of the scheme1 dr anthony uwa the head of brisin implementation told the news agency of nigeria nan on tuesday in abuja that it had become necessary following the difficulty applicants encountered using the previous portal1 uwa said the difficulties were as a result of some technical issues which would soon be resolved1 he said applicants who had started the application process should not be alarmed as they would be able to complete the exercise using the new portal1 he urged applicants that rather than using the website www.brisin.gov.ng initially advertised they should use1 the federal government has redirected applicants on a new basic registry and information system in nigeria brisin employment portal to be used for the recruitment application1 the reason is that brisin is building the first comprehensive data base to include both employed and unemployed with job identifications and verifications1 for this reason www.brisin.gov.ng cannot be used for the recruitment as there has been a little technical break which is being rectified and will be back soon1 the www.brisin.gov.ng will continue its role on information to public on the importance and benefit of brisin to nigeria and its citizens1 we apologiae for the inconveniences this delay could havecaused applicants uwa said1 nan reports thatbrisin is an integrated system for the collection storage and distribution of information to support the management of the economy1 please be informed that the brisin recruitment registration which before now has been on www.brisin.gov.ng is beingre-channelled to which is the brisin employment data base portal1

Nigeria records N6.57bn foreign trade in Q2 NBS
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by lucy nwachukwu4 this it explained was a 8.36 per cent increase from the figure in the first quarter n2.17 billion and against n471.48 billion in the first quarter of 20172 the bureau disclosed this in its foreign trade in goods statistics q2 2018 report released on thursday in abuja2 it said the figure was 8.9 per cent less than 7.21 billion recorded in the first quarter and represents a 14.56per cent growth from the n5.73billion recorded in the second quarter of 20172 according to the bureau the contraction of total trade in the quarter under review is mainly driven by the decline in both imports and exports2 the national bureau of statistics nbs said the country recorded foreign trade valued at n6.57billion in the second quarter2 this represents a -4.9 per cent contraction over the first quarter 4.70billion and a 43.8 per cent growth compared to second quarter of 20172 likewise the total import component in the second quarter 2.11billion also recorded a decline of -16.3 per cent2 this is lower than the first quarter 2.52billion and -19.9 per cent lower than the first quarter of 2017 the report said2 it said the trade balance in the second quarter was a surplus of n2.36 billion2 the total value of exports in the quarter under review is n4.46 billion2

Nigeria records N6.57bn foreign trade in Q2 NBS
News & Trends •
by lucy nwachukwu4 this it explained was a 8.36 per cent increase from the figure in the first quarter n2.17 billion and against n471.48 billion in the first quarter of 20172 the bureau disclosed this in its foreign trade in goods statistics q2 2018 report released on thursday in abuja2 it said the figure was 8.9 per cent less than 7.21 billion recorded in the first quarter and represents a 14.56per cent growth from the n5.73billion recorded in the second quarter of 20172 according to the bureau the contraction of total trade in the quarter under review is mainly driven by the decline in both imports and exports2 the national bureau of statistics nbs said the country recorded foreign trade valued at n6.57billion in the second quarter2 this represents a -4.9 per cent contraction over the first quarter 4.70billion and a 43.8 per cent growth compared to second quarter of 20172 likewise the total import component in the second quarter 2.11billion also recorded a decline of -16.3 per cent2 this is lower than the first quarter 2.52billion and -19.9 per cent lower than the first quarter of 2017 the report said2 it said the trade balance in the second quarter was a surplus of n2.36 billion2 the total value of exports in the quarter under review is n4.46 billion2