Insurance
4 days ago
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
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
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
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
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…
16 Oct
Manager at AIICO Insurance Plc, Mayowa Korode said the adoption of the International Financial Reporting Standards (IFRS 17) in the insurance industry would not only bring sanity to the sector but would also enhance the sector's contribution to the economy. He said during a training organised for insurance/ pension journalists in Lagos. IFRS 17 is…
13 Oct
Insurance experts have called on underwriting firms to take advantage of technological innovation to drive product penetration for increased contributions to the economy. The need for deeper technology adoption in product management was one of the issues raised by experts, who gathered at the second edition of ‘Insurance Meets Tech’ (IMT) with the theme: “Unlocking…
12 hours ago
The call for full adoption of gas for vehicles has hit the front burner, as stakeholders agreed that Autogas has the prospects to turn around the nation’s ailing economy with the potential to contribute a turnover of about N2trn.
13 hours ago
The players and stakeholders in the event business in Nigeria have advocated the adoption of technology to deepen the craft of event business and grow the industry that is at present valued at about $20b.
14 hours ago
Investors have been urged to consider investment opportunities in waterfront communities, which are currently vastly untapped. The Director, Acquisition, Revocation and Compensation, Land Services Directorate of Lagos State..
14 hours ago
The French Minister for Foreign Trade, Economic Attractiveness and French Nationals Abroad, Olivier Becht, has pledged to support the Nigerian government and private sector in the area of energy.
2 days ago
Zenith Bank Plc has signed a memorandum of understanding (MoU) with the Chartered Financial Analyst (CFA) Institute to promote efforts and activities that support formation, training and updating of human capital in finance and investment...
2 days ago
Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) has urged the federal government to reduce customs duties on ambulances, firefighter vehicles as well as agricultural equipment.
2 days ago
Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona, has urged the federal government to, as a matter of urgency, improve its budget performance in terms of capital expenditure in 2024.
2 days ago
The Organised Private Sector of Nigeria (OPSN) has urged President Bola Tinubu to enhance the business environment to attract foreign direct investments (FDIs), emphasising the need for a conducive atmosphere to retain local businesses and attract foreign investments.
2 days ago
Plans by the insurance sector to generate a premium of N148.30 billion from third-party motor insurance by December 31, 2023, as against N56.76 billion recorded in 2022, may not be realised owing to the rising economic challenges in the country.
2 days ago
Amidst efforts to take rising food inflation and poverty in the country, the federal government said it is targeting the production of 31 million metric tonnes (MT) of grains in 2024.