Ayeiroyin

"Nigeria is 5th biggest insurance market in Africa with overall market share of 85 percent of premium. General-Secretary of the African Insurance Organization (AIO)" Ms Prisca Soares said while addressing a press conference after the launching of the second Africa Insurance Barometer at the 44th AIO Conference and General Assembly in Kampala, Uganda that insurance market in the continent was still dominated by South Africa. The other major markets, she mentioned, include Morocco, Egypt, Kenya and Nigeria while the top five markets account for 85 percent of the total premiums. Kenya grew fastest in 2015 achieving a compound annual growth rate of slightly more than 10 percent from 2011 – 2015 Soares said, “With a volume of $46 billion, representing 72 percent of the total insurance premiums in the continent, South Africa is still by far Africa’s largest insurance e market.” Of the five major markets, South Africa tops the list followed by Kenya, Morocco and Egypt while Ni...

The Premier League Champions, Chelsea defected by 2-1 to  Arsenal in the 2017 FA Cup final    yesterday at the Wembley Stadium . The veteran player  Aaron Ramsey sealed the record-breaking FA Cup triumph for Gunners. Meanwhile Victor Moses was sent off after being shown two yellow card for diving, which left the Chelsea fans in uproar as they felt the Nigerian should have instead been handed a penalty against Arsenal. This is indeed Moses’ first red card in his entire football career so far. The Chelsea wing-back was first booked in the 57th minute after he brought down Arsenal striker Danny Welbeck as the Blues trailed their London rivals by one goal to nil. After his Chelsea teammate N’Golo Kante was subsequently shown a yellow card, Moses was then given his marching orders for an apparent dive in the box. Nevertheless the 26-year-old went down in the area under pressure from Alex Oxlade-Chamberlain and, as the Chelsea fans stood up to appeal for a pe...

There was a peace obstructing at the All Progressives Congress primaries for local government elections in Lagos yesterday as some of the delegates were obstreperous over what they described as an attempt to impose candidates on them. According to  Channels TV  trouble erupted after 18 candidates were returned unopposed and a voice vote was called to choose the remaining candidates for the council poll, which is slated for July the 22, 2017. Some of the delegates who were opposed to the use of voice vote protested the process, which they believe would lead to the imposition of candidates. They threw caution to the wind as delegates upturned tables, threw away ballot boxes and other materials meant for the election at the Teslim Balogun Stadium.

The Manchester United Manager Jose Mourinho insists he will not make faux pas in his second season at club now that he knows better. United could still end Mourinho’s first campaign at Old Trafford with two major trophies if they can defeat Ajax in the Europa League final next Wednesday, having already won the EFL Cup. But they have struggled in the Premier League and will finish sixth regardless of their result in Sunday’s home match against Crystal Palace – meaning the Europa League represents their last chance to reach next season’s Champions League. United Boss stressed that the first season at any new club is always difficult, but is more optimistic about 2017-18 after what he has learned this term. “I try to analyse the realities before I arrived in the club, but you only know the reality when you are inside,” Mourinho told Omnisport. “The first season is hard. I enjoy the second because in the second I know I’m not making mistakes. “You think ...

The Federal University of Technology Akure (FUTA) governing council requested for the re installation of the outgoing Vice Chancellor, Professor Adebiyi Daramola. Prof Daramola, who was suspended earlier this month, was contained in a statement signed by the Head of Information and Protocol Unit of the institution, Mr. Adegbenro Adebanjo quoting the decision of the Governing Council. “The Council at its meeting of Thursday May 18, 2017 presided over by its chairman, Senator Joseph Waku said Daramola should return to office and complete his term which ends on Tuesday, May 23, 2017 “, he said. According to Adegbenro, the letter effecting the re installation was signed by the FUTA Registrar and Secretary to Council, Dr. Modupe Ajayi. The letter reads: ”The Governing Council at its Special Meeting held on Thursday, 18th May, 2017 discussed extensively about your suspension as the Vice-Chancellor of the Federal University of Technology, Akure, by the Federal Mini...

The River State government desist the operations of 1866 private schools which the government termed as felonious across the 23 local government areas in the state. The state Commissioner for Education, Kaniyu Ebuku, make it official in a statement said the state governor, Nyesom Wike directed all illicit, schools to stop all activities with immediate effect from September 1, 2017 stressing that the plans would be strictly enforced by the Ministry of Education. He said names of affected schools had been published in a local paper and advised parents to refer to the newspaper for further information. Rivers State is replete with thousands of private schools of different levels and varying standards ranging from the absurd through the mushroom to the top notch and international standards with a high percentage of them not having the relevant government approvals. Ebuku had earlier in the week hinted of the government plan during an inspection of ongoing rehabilitation work at the G...

Federal Government has announce May 1 , 2017 as public holiday to commemorate the 2017 Workers ’ Day celebration. The Minister of Interior, Lt Gen. Abdulrahman Dambazau (retd . ) , made this known on behalf of the Federal Government in a statement on Friday by the Director, Office of the Permanent Secretary , Ministry of Interior, Alhaji Muhammadu Maccido . He salute all Nigerian workers for their resilience , hard work and commitment to the administration of President Muhammadu Buhari despite current challenges . And also urged the all Nigerians work to continue to support the President “ in his desire to fight corruption, ensure security of lives and property , and stabilise the economy through the creation of jobs and diversification of the economy . ”