Insurance
2 Dec
Stakeholders in the country’s insurance industry need reforms to position the sector for growth and contribute significantly to the economy. The industry players who gathered at the 2024 edition of the Business Journal Lecture themed, ‘Repositioning the Insurance Industry to Drive Sustainable Economic Growth in Nigeria’, at the weekend in Lagos, also urged underwriting firms…
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Ltd, Funmi Omo, has called for a radical transformation in the insurance sector, challenging practitioners to rethink outdated business models.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…
9 hours ago
Some commercial banks inefficient operations of late have been identified as a major setback to cargo clearance at the seaports, especially on the platform of B’Odugwu digital system recently introduced by the Nigeria Customs Service (NCS).
9 hours ago
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has renewed its commitment to tackling corruption in the upstream petroleum sector. The Chief Executive, NUPRC, Gbenga Komolafe, who disclosed this at the celebration of International Anti-Corruption Day
10 hours ago
Schneider Electric has been awarded Employer of the Year in the Energy and Utilities Sector by the Nigeria Employers’ Consultative Association (NECA). The company was recognized at the 4th edition of the Annual Employers Excellence Award ceremony in Lagos.
10 hours ago
Access Bank Plc has entered into a binding agreement with South Africa-based Bidvest Group Limited for the acquisition of a 100 per cent equity stake in Bidvest Bank Limited.
11 hours ago
Project Management Institute (PMI) has celebrated 50 exceptional rising leaders transforming the world by leveraging their project management skills to tackle today's most pressing challenges. As shown on the 2024 Future 50 list
12 hours ago
Recognizing the glaring gap in global conversations, where African brands are often sidelined and undervalued, two visionary brothers based in Nigeria and the United States respectively, have taken the initiative of bridging that gap with the launch of Reuben&Samuel
12 hours ago
The Nigeria Customs Service (NCS) Oil and Gas Free Trade Zone Command has reiterated its commitment to facilitating trade and ensuring regulatory compliance in Nigeria’s oil and gas sector.
1 day ago
The country’s economy as well as its ability to attract and retain foreign direct investments (FDIs) in the coming year will depend on the sustainability of the current reforms, analysts at Cordros Securities Limited have said.
1 day ago
Inflation and fundraising challenges have been listed as major challenges stressing startups in Nigeria and Egypt.
1 day ago
• Stakeholders push for port modernisation The Nigerian Ports Authority (NPA) has projected a 30 per cent growth in trade volume by 2030 given ongoing improvements in port infrastructure. The Managing Director of NPA, Abubakar Dantsoho said this, highlighting the potential of the maritime sector to generate over one million jobs by 2028 and double…