Insurance
11 Dec
Lagos Area Committee of the Nigerian Council of Registered Insurance Brokers (NCRIB) and Insurfeel Initiative have partnered to promote insurance awareness through the provision of free insurance coverage to students under ‘School Care Cover’.
4 Dec
The Nigerian insurance industry's total assets rose to N2.8 trillion at the end of Q3, National Insurance Commission (NAICOM) has said. NAICOM disclosed this in a document titled: “Nigerian Insurance Market at a Glance – Q3, 2023. A breakdown of the statement shows that total assets for non-life stood at N1.74 trillion, while total assets…
29 Nov
The British deputy high commissioner to Nigeria, Jonny Baxter, said the United Kingdom is looking to double the trade volume between Nigeria and the U.K. by next year from 6.9 billion pounds in 2022.
22 Nov
Underwriting firm, Royal Exchange Plc, has assured its shareholders of stronger performance and increased returns on investment despite environmental challenges last year.
13 Nov
The National Insurance Commission (NAICOM) has given a two-week timeline to the Nigerian Insurers Association (NIA) to publish details of outstanding claims in the industry on their website to aid policyholders who wish to claim their settlements.
9 Nov
To drive Federal Government initiatives on financial inclusion and wealth creation in the country, experts have called on Nigerians to embrace insurance products and services as mitigation mechanisms to replace damaged assets that were earlier insured.
7 Nov
Despite the harsh economic situation in the country, insurance firm, Noor Takaful Limited, has raised N4.97 billion as its gross premium contribution for the 2022 financial year.
30 Oct
To revolutionise insurance business and boost the sector's contribution to GDP, there is the need for operators to advance in technology adoption of its offerings
24 Oct 2023
Concerned by losses suffered in the past from building collapse and damages caused by fire, particularly in the marketplaces and other natural disasters, professionals in the insurance and building sectors of the economy have called on the Federal Government to enforce the law on insurance of buildings to reduce loss of lives and assets in…
23 Oct 2023
An underwriting firm, Sanlam General Insurance, has advised policyholders to use its ‘Code of Confidence *1056#, an option that enables it to pay claims within three hours of reporting an incident.
16 Oct 2023
To further accelerate insurance penetration in the country, Heirs Insurance Group has introduced Nigeria’s first-ever digital insurance space – called Heirs Insurance Experience Centre in the country. The experience centre, according to the underwriter, will provide a comprehensive one-stop shop for all insurance products and services offered by the group. The Heirs Insurance Experience Centre…
16 Oct 2023
The insurance industry has revealed plans to increase the adoption of the Nigerian Insurance Industry Portal (NIIP) to address the counterfeiting of third-party vehicle insurance. This was disclosed at the 2023 Chartered Insurance Institute of Nigeria – Offices Representatives Committee (CIIN-ORC) Workshop by the Director-General of the Nigerian Insurers Association (NIA), Yetunde Ilori. She said…
9 hours ago
Data sourced from the Central Bank of Nigeria (CBN) suggest the economy may be relapsing to cash hoarding again a year after the chronic currency scarcity even as the proportion of currency in circulation that is held outside the banking system has returned to the pre-naira redesign level.
9 hours ago
African Development Bank (AfDB) President, Dr Akinwumi Adesina, said that Africa's immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth.
10 hours ago
President of the Commonwealth Association of Tax Administrators (CATA) and chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has called for increased capacity building to enhance tax administration processes among members of the global body.
10 hours ago
The recently held 13th Convocation Ceremony of the National Open University of Nigeria (NOUN) may have come and gone, its memories will linger for a long time to come.
10 hours ago
The Nigeria Economic Summit Group (NESG) said the Lagos Free Zone (LFZ) has the potential to contribute significantly to the country's gross domestic product (GDP) if fully harnessed.
10 hours ago
Stakeholders at the 2024 yearly lecture of the Chartered Institute of Bankers of Nigeria (CIBN) have called for the adoption of appropriate credit culture to pave the way for an enhanced loan securitisation process and availability of credit to the real sector.
10 hours ago
Stakeholders have highlighted significant failure in the implementation of the Sustainable Development Goals (SDG) relating to transport in Nigeria, expressing deep concern over the country's lag in creating effective transport policies that align with SDG 11.2 which aims for safe, affordable and sustainable transport systems by 2030.
10 hours ago
With the announcement by MTN Group of the appointment of M&C Saatchi Africa as its marketing communications partner across all MTN Group, M&C Saatchi's Nigerian affiliate, SO&U Group, will be responsible for the business in Nigeria.
10 hours ago
Mastercard and the Committee of E-Banking Industry Heads for Nigeria (CeBIH) have joined forces to tackle the activities of cyber criminals in the country.
10 hours ago
United Capital Plc has assured shareholders that the firm would deploy robust digital technology to further unlock opportunities and stay ahead of trends in the industry.