• About
  • Advertise
  • Privacy & Policy
  • Contact
Thebizhub
2024 Insurance Industry Report
  • Home
  • Economy
    • All
    • 1-2
    • Breaking
    • Business
    • Economy
    • Latest
    • Markets
    • New Post
    • Nigeria
    • Politics
    • Regulations
    • Sports
    • Uncategorized
    Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

    Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

    FG fines Multichoice N766m over privacy breaches

    FG fines Multichoice N766m over privacy breaches

    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Food inflation: NSA, 36 states launch joint action

    Food inflation: NSA, 36 states launch joint action

    Petrol imports drop 54% as Dangote boost supply

    Petrol imports drop 54% as Dangote boost supply

    World Bank retains Nigeria’s growth at 3.6%

    World Bank retains Nigeria’s growth at 3.6%

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Sixteen years after meltdown, NGX market cap surges by 347.5%

    Sixteen years after meltdown, NGX market cap surges by 347.5%

    Trending Tags

    • Sports
      • All
      • 1-2
      • Breaking
      • Business
      • Economy
      • Latest
      • Markets
      • New Post
      • Nigeria
      • Politics
      • Regulations
      • Sports
      • Uncategorized
      Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

      Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

      FG fines Multichoice N766m over privacy breaches

      FG fines Multichoice N766m over privacy breaches

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Food inflation: NSA, 36 states launch joint action

      Food inflation: NSA, 36 states launch joint action

      Petrol imports drop 54% as Dangote boost supply

      Petrol imports drop 54% as Dangote boost supply

      World Bank retains Nigeria’s growth at 3.6%

      World Bank retains Nigeria’s growth at 3.6%

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Sixteen years after meltdown, NGX market cap surges by 347.5%

      Sixteen years after meltdown, NGX market cap surges by 347.5%

      Trending Tags

      • Markets
        • All
        • 1-2
        • Breaking
        • Business
        • Economy
        • Latest
        • Markets
        • New Post
        • Nigeria
        • Politics
        • Regulations
        • Sports
        • Uncategorized
        Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

        Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

        FG fines Multichoice N766m over privacy breaches

        FG fines Multichoice N766m over privacy breaches

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Food inflation: NSA, 36 states launch joint action

        Food inflation: NSA, 36 states launch joint action

        Petrol imports drop 54% as Dangote boost supply

        Petrol imports drop 54% as Dangote boost supply

        World Bank retains Nigeria’s growth at 3.6%

        World Bank retains Nigeria’s growth at 3.6%

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Sixteen years after meltdown, NGX market cap surges by 347.5%

        Sixteen years after meltdown, NGX market cap surges by 347.5%

        Trending Tags

        • Regulations
          • All
          • 1-2
          • Breaking
          • Business
          • Economy
          • Latest
          • Markets
          • New Post
          • Nigeria
          • Politics
          • Regulations
          • Sports
          • Uncategorized
          Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

          Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

          FG fines Multichoice N766m over privacy breaches

          FG fines Multichoice N766m over privacy breaches

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Food inflation: NSA, 36 states launch joint action

          Food inflation: NSA, 36 states launch joint action

          Petrol imports drop 54% as Dangote boost supply

          Petrol imports drop 54% as Dangote boost supply

          World Bank retains Nigeria’s growth at 3.6%

          World Bank retains Nigeria’s growth at 3.6%

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Sixteen years after meltdown, NGX market cap surges by 347.5%

          Sixteen years after meltdown, NGX market cap surges by 347.5%

          Trending Tags

          No Result
          View All Result
          • Home
          • Economy
            • All
            • 1-2
            • Breaking
            • Business
            • Economy
            • Latest
            • Markets
            • New Post
            • Nigeria
            • Politics
            • Regulations
            • Sports
            • Uncategorized
            Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

            Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

            FG fines Multichoice N766m over privacy breaches

            FG fines Multichoice N766m over privacy breaches

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Food inflation: NSA, 36 states launch joint action

            Food inflation: NSA, 36 states launch joint action

            Petrol imports drop 54% as Dangote boost supply

            Petrol imports drop 54% as Dangote boost supply

            World Bank retains Nigeria’s growth at 3.6%

            World Bank retains Nigeria’s growth at 3.6%

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Sixteen years after meltdown, NGX market cap surges by 347.5%

            Sixteen years after meltdown, NGX market cap surges by 347.5%

            Trending Tags

            • Sports
              • All
              • 1-2
              • Breaking
              • Business
              • Economy
              • Latest
              • Markets
              • New Post
              • Nigeria
              • Politics
              • Regulations
              • Sports
              • Uncategorized
              Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

              Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

              FG fines Multichoice N766m over privacy breaches

              FG fines Multichoice N766m over privacy breaches

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Food inflation: NSA, 36 states launch joint action

              Food inflation: NSA, 36 states launch joint action

              Petrol imports drop 54% as Dangote boost supply

              Petrol imports drop 54% as Dangote boost supply

              World Bank retains Nigeria’s growth at 3.6%

              World Bank retains Nigeria’s growth at 3.6%

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Sixteen years after meltdown, NGX market cap surges by 347.5%

              Sixteen years after meltdown, NGX market cap surges by 347.5%

              Trending Tags

              • Markets
                • All
                • 1-2
                • Breaking
                • Business
                • Economy
                • Latest
                • Markets
                • New Post
                • Nigeria
                • Politics
                • Regulations
                • Sports
                • Uncategorized
                Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                FG fines Multichoice N766m over privacy breaches

                FG fines Multichoice N766m over privacy breaches

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Food inflation: NSA, 36 states launch joint action

                Food inflation: NSA, 36 states launch joint action

                Petrol imports drop 54% as Dangote boost supply

                Petrol imports drop 54% as Dangote boost supply

                World Bank retains Nigeria’s growth at 3.6%

                World Bank retains Nigeria’s growth at 3.6%

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Sixteen years after meltdown, NGX market cap surges by 347.5%

                Sixteen years after meltdown, NGX market cap surges by 347.5%

                Trending Tags

                • Regulations
                  • All
                  • 1-2
                  • Breaking
                  • Business
                  • Economy
                  • Latest
                  • Markets
                  • New Post
                  • Nigeria
                  • Politics
                  • Regulations
                  • Sports
                  • Uncategorized
                  Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                  Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                  FG fines Multichoice N766m over privacy breaches

                  FG fines Multichoice N766m over privacy breaches

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Food inflation: NSA, 36 states launch joint action

                  Food inflation: NSA, 36 states launch joint action

                  Petrol imports drop 54% as Dangote boost supply

                  Petrol imports drop 54% as Dangote boost supply

                  World Bank retains Nigeria’s growth at 3.6%

                  World Bank retains Nigeria’s growth at 3.6%

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

                  Trending Tags

                  No Result
                  View All Result
                  Thebizhub
                  No Result
                  View All Result
                  Home Economy

                  Tension as resident doctors begin strike amid COVID-19

                  The Guardian | June 16, 2020
                  Insurers raise health workers’ compensation, estimate N11bn liabilities
                  0
                  SHARES
                  20
                  VIEWS
                  Share on FacebookShare on TwitterWhatsapp

                  • What we want from govt, by strikers
                  • NARD exempts experts treating patients from action
                  • ‘It may worsen doctor-to-patient ratio, spike deaths’
                  • PSN threatens industrial action over PCN chairmanship

                   

                  Resident doctors in the country have commenced an indefinite nationwide strike following the expiration of the 14-day ultimatum issued to the Federal Government.

                   

                  Among the demands of the doctors are immediate implementation of the revised hazard allowance and payment of the COVID-19 inducement allowance as “agreed by government and healthcare workers” three months ago. They also want an immediate payment of all arrears owed doctors in federal and state tertiary health institutions, arising from consequential adjustment of the national minimum wage.

                  Meanwhile, there is fear that the industrial action may worsen the poor doctor-to-patient ratio and increase the number of deaths due to coronavirus infection, although Sokombo said doctors treating Covid-19 patients were not going on strike immediately.

                   

                  Several studies have shown that frequent healthcare workers’ strikes result in the closure of public healthcare institutions, thereby preventing Nigerians’ access to quality health services.

                  It was gathered that the resident doctors, who are the ‘militant arm’ of the Nigerian Medical Association (NMA), the umbrella body of all doctors in Nigeria, represent about 40 per cent of physicians in the country.

                  Contrary to the World Health Organisation (WHO) recommendation of 1:600 doctor-patient ratio, Nigeria currently has one doctor attending to 6,000 patients.

                   

                  According to the NMA, there are 72,000 registered Nigerian doctors with over 50 percent practicing outside the country. Consequently, there are less than 40,000 doctors in an estimated population of 196 million.

                  This means that with the number of resident doctors in Nigeria put at about 16,000 (that is 40 per cent of 40,000), it will leave the country with just 24,000 doctors, including consultants and those in private practice. The situation will further reduce the country’s doctor-to-patient ratio from 1:6,000 to 1: 10,000.

                  Indeed, Nigeria is still far from the recommendations of the WHO on the required number of medical personnel to cater efficiently for its teeming population. However, figures from the Federal Government differ: the ratio of doctor-to-patient is 1: 2,753, which translates to 36.6 medical doctors per 100,000 persons.

                   

                  Figures from the Federal Ministry of Health (FMoH) indicate that 74,543 medical doctors are registered with the Medical and Dental Council of Nigeria (MDCN) as at March 4, 2020.

                  The National Universities Commission (NUC) had in January 2020 said Nigeria needed about 300,000 medical doctors to meet the doctor-patient-ratio of 1:600 recommended by the WHO.

                  The Executive Secretary, NUC, Prof. Abubakar Rasheed, said the current “doctor-patient ratio in the country stands at 1: 3,500.”

                   

                  According to him, the nation’s medical schools produce about 3,000 doctors yearly and this is not enough to achieve the WHO standards to deliver on health care services.

                  President of the National Association of Resident Doctors (NARD), Dr. Aliyu Sokomba, who announced commencement of the strike at a press conference yesterday in Abuja, said NARD’s members attending to Covid-19 patients at designated treatment and isolation centres were exempted from the strike for two weeks after which, if their demands were not met, they would also be co-opted to join the industrial action.

                  He explained that the exemption was in recognition of the intervention of the speaker of the House of Representatives, the chairman of the House Committee on Health Services and other stakeholders as well as a demonstration of NARD’s goodwill to Nigerians.

                   

                  Meanwhile, there is fear that the industrial action may worsen the poor doctor-to-patient ratio and increase the number of deaths due to coronavirus infection, although Sokombo said doctors treating Covid-19 patients were not going on strike immediately.

                  Several studies have shown that frequent healthcare workers’ strikes result in the closure of public healthcare institutions, thereby preventing Nigerians’ access to quality health services.

                  It was gathered that the resident doctors, who are the ‘militant arm’ of the Nigerian Medical Association (NMA), the umbrella body of all doctors in Nigeria, represent about 40 per cent of physicians in the country.

                   

                  Contrary to the World Health Organisation (WHO) recommendation of 1:600 doctor-patient ratio, Nigeria currently has one doctor attending to 6,000 patients.

                  According to the NMA, there are 72,000 registered Nigerian doctors with over 50 percent practicing outside the country. Consequently, there are less than 40,000 doctors in an estimated population of 196 million.

                  This means that with the number of resident doctors in Nigeria put at about 16,000 (that is 40 per cent of 40,000), it will leave the country with just 24,000 doctors, including consultants and those in private practice. The situation will further reduce the country’s doctor-to-patient ratio from 1:6,000 to 1: 10,000.

                   

                  Indeed, Nigeria is still far from the recommendations of the WHO on the required number of medical personnel to cater efficiently for its teeming population. However, figures from the Federal Government differ: the ratio of doctor-to-patient is 1: 2,753, which translates to 36.6 medical doctors per 100,000 persons.

                  Figures from the Federal Ministry of Health (FMoH) indicate that 74,543 medical doctors are registered with the Medical and Dental Council of Nigeria (MDCN) as at March 4, 2020.

                  The National Universities Commission (NUC) had in January 2020 said Nigeria needed about 300,000 medical doctors to meet the doctor-patient-ratio of 1:600 recommended by the WHO.

                   

                  The Executive Secretary, NUC, Prof. Abubakar Rasheed, said the current “doctor-patient ratio in the country stands at 1: 3,500.”

                  According to him, the nation’s medical schools produce about 3,000 doctors yearly and this is not enough to achieve the WHO standards to deliver on health care services.

                  Sokomba faulted the non-payment of the Covid-19 hazard inducement allowance to all health workers across the country in spite of repeated promises by government. He alleged insincerity of officials of the executive arm of government in paying the outstanding salary shortfall of 2014, 2015 and 2016 under the guise of appealing the decision of the National Industrial Court.

                   

                  The NARD president expressed concern over the plight of members of the association in state hospitals such as the non- domestication and non-implementation of the Medical Residency Training Act, the non-implementation of appropriate salary structure, non-payment of salaries, and recently, the slashing of salaries of doctors and other healthcare workers by Kaduna and Kogi states.

                  Sokomba decried the sorry state of the healthcare delivery system in the country which, according to him, is characterized by perpetual unavailability of personnel protective equipment for workers in the hospitals with the attendant increase in infection rates and unnecessary suffering of patients and their relatives following the use of obsolete equipment, machines and technology.

                   

                  NARD urged the governments to provide adequate personal protective equipment for all healthcare workers, ensure universal implementation of the Medical Residency Training Act in all federal and state hospitals and ensure pay parity among doctors of equal cadre.

                  The association advocated provision of funding for medical residency training in the 2021 Appropriation Bill even as it called for stoppage and immediate refund of all illegal, unjust and callous cut in salaries of its members by Kaduna and other states.

                   

                  “We will continue to appreciate President Muhammadu Buhari for his commitment to the welfare of Nigerians. We appeal that he calls relevant agents/agencies to order from deliberately creating chaos to destabilize his administration. We appeal to our fellow lovely Nigerians to bear with us and understand this as a battle to save the almost dead health sector.

                  “NEC noted the commitment of the National Assembly to implementing the Medical Residency Training Act by ensuring inclusion of the residency funding into the reviewed 2020 budget.”

                  In a similar development, there is fear of scarcity of pharmaceutical products, especially those needed during this COVID-19 pandemic, as pharmacists in the country are planning to down tools in 14 days.

                   

                  The Pharmaceutical Society of Nigeria (PSN) yesterday petitioned President Buhari over the appointment of A. T. Mora as chairman of the Pharmacists Council of Nigeria (PCN), instead of Alhaji Yaro Budah whom it recommended to the minister for the position, threatening to go on an indefinite strike in two weeks if the decision was not reversed.

                  The PSN, in the petition titled “Rejection of A. T. Mora as Chairman Pharmacists Council of Nigeria (PCN)”, urged the Federal Government to indefinitely suspend or cancel the inauguration of the PCN governing council with Mora as chairman.

                  Previous Post

                  AIICO Insurance to Raise N3.4bn from Existing Shareholders

                  Next Post

                  Dangote, BUA row over Edo mining sites deepens

                  Admin

                  Admin

                  Next Post
                  Dangote, BUA row over Edo mining sites deepens

                  Dangote, BUA row over Edo mining sites deepens

                  Leave a Reply Cancel reply

                  Your email address will not be published. Required fields are marked *

                  Opinion Poll

                  2023 Insurance Industry Report2023 Insurance Industry Report2023 Insurance Industry Report
                  FSDHFSDHFSDH
                  • Trending
                  • Comments
                  • Latest
                  Agusto & Co. affirms the “Aa-” rating and stable outlook assigned to Access Bank Plc.

                  Agusto & Co. affirms the ‘Aa-’ rating assigned to Access Bank Plc’s ₦15 billion 5-year Fixed Rate Senior Unsecured Green Bond

                  March 7, 2022
                  BREAKING: Lagos Lawmaker, Tunde Buraimoh, dies

                  BREAKING: Lagos Lawmaker, Tunde Buraimoh, dies

                  July 10, 2020
                  Lessons for Nigeria on borrowing as Rwanda finances 84% of budget

                  Lessons for Nigeria on borrowing as Rwanda finances 84% of budget

                  December 20, 2019
                  At -7.82 YtD, OIl & Gas Index Emerges Worst Performing Indicator on NGX

                  At -7.82 YtD, OIl & Gas Index Emerges Worst Performing Indicator on NGX

                  March 24, 2025
                  Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                  Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                  August 11, 2025
                  FG fines Multichoice N766m over privacy breaches

                  FG fines Multichoice N766m over privacy breaches

                  July 7, 2025
                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  July 2, 2025
                  Food inflation: NSA, 36 states launch joint action

                  Food inflation: NSA, 36 states launch joint action

                  June 20, 2025

                  Recent News

                  Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                  Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                  August 11, 2025
                  FG fines Multichoice N766m over privacy breaches

                  FG fines Multichoice N766m over privacy breaches

                  July 7, 2025
                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  July 2, 2025
                  Food inflation: NSA, 36 states launch joint action

                  Food inflation: NSA, 36 states launch joint action

                  June 20, 2025
                  Thebizhub

                  Powered by Agusto & Co.

                  • About
                  • Advertise
                  • Privacy & Policy
                  • Contact

                  ©2019 Thebizhub.ng .All Rights Reserved

                  No Result
                  View All Result
                  • Home
                  • Economy
                  • Sports
                  • Markets
                  • Regulations

                  ©2019 Thebizhub.ng .All Rights Reserved