Insurance
16 Oct 2023
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 2023
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…
9 Oct 2023
KBL Insurance Limited has secured the approval of the National Insurance Commission (NAICOM) to underwrite agricultural risks in the country.
3 Oct 2023
Determined to increase shareholders’ confidence in its business, Universal Insurance has delivered an outstanding performance for the financial year ending in December 2022, with profit for the year appreciating by 341 per cent, from N161,147 million in 2021 to N667,814 million.
25 Sep 2023
In a world where unpredictability is constant, having a safety net to fall back on is quite important. As a pioneering peer-to-peer technology company, P2Vest continues to provide safe financial solutions. Not only has the fintech transformed the lending and borrowing landscape but it has also taken a revolutionary step into the realm of insurance.…
25 Sep 2023
Stakeholders in the finance services sector have called on the Federal Government to put in place, enabling policies to grow insurance and pension. The experts who converged at the eighth yearly national conference of the Nigerian Association of Insurance and Pension Editors (NAIPE), held in Lagos, urged the current administration to create policies that would…
25 Sep 2023
An underwriting firm, KBL Insurance Limited, has assured insurance policyholders of prompt claim settlement
18 Sep 2023
The Nigerian Union of Pensioners Contributory Pension Scheme (NUPCPS) has called on the federal government to improve the social welfare of pensioners and workers to support economic growth.
12 Sep 2023
•Share value stagnant for five years, experts demand better regulation The poor patronage of insurance products, which has resulted in poor corporate performance of the sector and stagnation in their share prices in the past five years, is unsettling the market. Indeed, the sector has witnessed a prolonged stagnation as the economy suffered a harsh…
7 Sep 2023
The National Pension Commission (PenCom) has given December 31, 2023 as a deadline for all employers to comply with law regarding the remittance of employees’ pension contributions to the retirement savings accounts (RSAs) to avoid sanctions.
4 Sep 2023
The National Insurance Commission (NAICOM) has urged underwriting firms to increase their claims reserve accounts so that they would have enough funds to settle huge claim liabilities.
28 Aug 2023
Noor Takaful, the leading Islamic Insurance firm in Nigeria, has disbursed a total surplus of N208 Million to policyholders who have no claims record as part of efforts aimed at promoting ethical insurance in the country. The surplus allocation was announced as part of a two-day African Takaful and Non-interest Finance conference held in Lagos.…
3 hours ago
The Managing Director of Nigeria Breweries Plc, Hans Essaadi, said the fact that the naira has shown some appreciation against the dollar in recent weeks has had little or no impact on input cost.
3 hours ago
The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, said the recently-launched Tingo Cola and Tingo Electric energy drink would not only deepen local content principles and compete locally with other exportable brands but would also provide employment to hundreds of youths in the country.
3 hours ago
Despite the abundance of raw materials needed for self-sufficiency and the production of pulp and paper in the country, Nigeria is still missing out on the massive income to be made on the production, sale and export valued at $360 billion.
3 hours ago
The Chartered Institute of Taxation of Nigeria (CITN) has warned political leaders against abuse of taxpayers' money, stating that collecting tax revenue from taxpayers without using it judiciously weakens the country's taxation system.
3 hours ago
To halt the fresh panic building over the fate of the naira, the Central Bank of Nigeria (CBN) is set to disburse another tranche of liquidity intervention to 1,583 Bureau de Change operators.
3 hours ago
Oil-producing communities in Niger Delta have called for transparency and accountability in the ongoing divestment of oil and gas assets in the region.
3 hours ago
The Presidential Enabling Business Environment Council (PEBEC) in its 2023 Business Facilitation Act (BFA) has adjudged the Nigerian Content Development and Monitoring Board (NCDMB) and the Standards Organisation of Nigeria (SON) as best in business facilitation, with 29 agencies scoring below 50 per cent.
3 hours ago
Daniel Oyeduntan, a seasoned professional with about a decade of experience in data science and machine learning, is capturing the attention of the technology industry across EMEA.
3 hours ago
With a focus on maximizing production from the hydrocarbon assets to enhance revenues and meet production quota, the Nigerian National Petroleum Company Limited (NNPCL) and its joint venture partner in the Awoba Unit Field, Newcross Exploration and Production Limited, have resumed production from the field with an initial average production of 8,000 barrels per day (bpd)
3 hours ago
The Nasarawa State government said it is leveraging industrial, agricultural and mining potential for inclusive and sustainable wealth creation in a bid to drive its industrialisation agenda and position the state as an economic hub.