Insurance
16 Nov
The Managing Director of Cornerstone Insurance Plc, Stephen Alangbo, has over 30 years of experience in the insurance industry. His professional contributions to the industry came to limelight when he won the ‘Top 25 CEOs Award,’ in the BusinessDay award,
4 Nov
Despite the hard economic situation ravaging the operating environment in the country, the Board of Directors of Noor Takaful Insurance
30 Oct
The National Insurance Commission (NAICOM) has removed the board and management of African Alliance Insurance Plc, citing ongoing financial instability and unmet obligations to annuitants and policyholders. The Commissioner for Insurance, Segun Omosehin, announced the decision at a press briefing held at NAICOM’s Lagos office. [Ad] During a press briefing at NAICOM’s Lagos office, Commissioner…
27 Oct
The Managing Director of Enterprise Life Assurance Ltd, Funmi Omo, has called for a radical transformation in the insurance sector, challenging practitioners to rethink outdated business models. Speaking at the Leadership Summit organised by the Nigerian Council of Registered Insurance Brokers (South-South Area Committee), Omo said technology has disrupted a lot of things and urged…
25 Oct
NSIA Insurance has strengthened its nationwide retail expansion via its 2024 Roadshow, a major initiative designed to enhance customer engagement and raise awareness about insurance services across Nigeria. The roadshow organised by NSIA Insurance made stops in key cities, including Onitsha, Benin, Ibadan, Kaduna, and Kano, where the company connected with diverse communities and emphasised…
18 Sep
In a move ahead of the proposed insurance industry recapitalisation exercise, Lasaco Assurance Plc has revealed plans to raise N11.1 billion in fresh capital through a private placement of 9.25 billion ordinary shares of 50k each at 1.20k per share.
17 Sep
Nigeria’s leading financial services group, United Capital Group, has acted as the Lead Issuing House and Coordinator for the successful issuance of the Federal Government’s domestic dollar bond, Nigeria’s first ever domestic U.S. dollar-denominated bond.
28 Aug
The Correctional Officers Pencom Retirees Association of Nigeria (COPRAN), says the contributory Pension Commission (PenCom) scheme is worsening the challenges of retirees. COPRAN, in a petition to President Bola Tinubu, Senate President, Speaker House of Representatives, Minister of Labour, and Human Rights Commission, among others, said that pensioners were starved of their funds by PenCom…
22 Aug
An interview with Bawo Oritsejafor, MD/CEO, United Capital Securities Ltd. In a year when companies have struggled to navigate market turbulence, United Capital Securities has traded an impressive ₦276.86 billion year-to-date as of July 2024, cementing its position as Nigeria's 1 top stockbroker by value. In this interview, Bawo Oritsejafor, MD/CEO of United Capital Securities,…
19 Aug
The Financial Reporting Council of Nigeria (FRCN) has announced its upcoming Audit and Other Assurance Providers' Leadership Summit, scheduled for August 20, 2024, at the Lagos Continental Hotel. The summit aims to bring together key industry players for discussions on regulatory frameworks, industry challenges, emerging trends, and the FRCN's practice review of audit firms. Through…
18 Aug
The Nigerian Social Insurance Trust Fund (NSITF) has announced its intention to extend insurance coverage to National Youth Service Corps (NYSC) members as part of an ambitious plan to enhance its operations and broaden its impact. Speaking at a retreat organised for the Senate and House Committees on Labour and Employment in Lagos at the…
14 Aug
Stakeholders in the insurance industry said granting operational licence to the Nigeria Police Force (NPF) will compromise enforcement of the six compulsory insurance products in the market.
5 Aug
The industry experts have called on the National Insurance Commission (NAICOM) to work closely with the Association of Registered Insurance Agents of Nigeria (ARIAN) to raise the number of licensed agents from the current 50,000 to 300,000, to increase the sector penetration from less than one per cent.
6 hours ago
The Nigerian cooperative sector has mobilised over N1.8 trillion in savings and disbursed N1.3 trillion in loans to members, the Cooperative
10 hours ago
About 4.7 million barrels of Nigeria’s latest blend of crude oil is being exported to Spain and the United States in about seven cargoes as market volatility continued yesterday due to crude inventory build-up.
12 hours ago
The revenue available for disbursement among the three tiers of government rose by 5.5 per cent or N113 billion to N1.411 trillion in October.
12 hours ago
The Federal Government said a viable insurance sector is needed to address the risks linked with Nigeria’s blue economy and realise the sector’s potential.
12 hours ago
A real estate and hospitality company, Haldane McCall Plc, yesterday, joined the league of quoted companies on Nigerian Exchange Limited (NGX), with the listing by introduction of its 3.122 billion ordinary shares of 50 kobo each at N3.84 per share.
12 hours ago
The Federal Government continues to grant terminal operators of expired port concessions six-month renewal, allowing them to continue operations at the ports, The Guardian has learnt
12 hours ago
Stakeholders have intensified the conversation on the need to shape the future of Nigeria’s digital economy with targeted policies and cooperative actions.
13 hours ago
As part of its commitment to deepen the growth and sustainability of micro, small and medium-scale enterprises (MSMEs) on the continent, United Bank for Africa (UBA) Plc is set to host the last edition
13 hours ago
The Director General of the Franco-Nigeria Chamber of Commerce and Industry (FNCCI), Moses Umoru, has advocated the implementation of policies that would grow startups.
13 hours ago
CEO of Capsa Technology, Mustapha Suberu, has said that given the difficulties Nigerian businesses are undergoing in recent times, entrepreneurs should explore vital cash flow solutions as a way to get ahead of cash flow limitations.