Insurance
27 Nov
The insurance index led the gainers’ chart at the end of last week's transactions on the equities sector of the Nigerian Exchange Limited (NGX) with 4.1 per cent, buoyed by buying interest in Sovereign Trust Insurance...
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…
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…
15 Aug
The Nigeria Civil Aviation Authority (NCAA) has directed all allied aviation service providers to comply with the Nigerian Civil Aviation Regulations (Nig. CARs) 2022 on insurance cover. The directive is contained in a letter referenced by the NCAA/DG/AIR/11/16/369, dated 11th August, 2023 addressed to all airlines as well as allied aviation services providers. The letter…
31 Jul
Heirs General Insurance (HGI) and Heirs Life Assurance (HLA) have introduced multiple digital channels to make insurance transactions easier for customers. The mobile and digital channels include a chatbot called Prince, which resolves customers’ inquiries, a USSD channel for Heirs Life and mobile apps – Simple Life by Heirs Life Assurance and Simple Protect by…
13 Jul
Indications have emerged on how some 8.9 million of the 12 million vehicles on Nigerian roads parade the country with fake insurance policies.
3 Jul
Industry captains in the nation’s insurance and pension industry have revealed plans to review the role of the sector in sustaining economic development and also set agenda for the new administration on how to promote it.
8 Jun
Unless they win their last two games of the ongoing Nigerian Premier Football League (NPFL) Championship Play-off, Bendel Insurance and Remo Stars may not qualify to represent Nigeria next season in any CAF inter-club competition.
8 May
Sir: Let’s talk about work, not just for today but more importantly, for tomorrow, which we know often bears pleasant surprises and painful shocks.
20 Apr
Weak economic performance, low confidence and poor patronage have continued to threaten the operations and survival of insurance companies, leading to depreciation and sometimes stagnation of their share prices on the Nigerian Exchange Limited (NGX), which are currently below book value.
15 Feb
In a very ordinary sense and simple context, insurance can be defined as “the assurance that you will not lose.” If and when you’re insured, you’re not shielded from accidents or attacks but assured of relief to live again.
Latest
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Minister of Information and National Orientation, Mohammed Idris, has said President Bola Tinubu is distressed by the tragic mistaken drone attack, which resulted in the loss of innocent Muslim lives in Tudun Birni, Kaduna State. The Minister, who stated this in his address at the Central Council Meeting of the Jama'atu Nasril Islam (JNI) in…
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The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has ruled out the possibility of an increment in tax rates in the country. Speaking during an interactive session with Mr Abubakar Kabir Bichi led the House of Representatives committee on Finance, he said rather than increase taxes, his ministry would emphasize…
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Nigeria’s electricity grid has once again thrown the country into darkness as the government operated system went down Monday afternoon. The system collapsed at about 1pm cutting down electricity from 4,032.80 megawatts at about 12pm to 43 megawatts 1pm and a meagre 303 megawatts at about 5:00 pm. Most DisCos confirmed that their feeders are…
1 hour ago
The House of Representatives Committee on Appropriation on Monday urged the Nigeria Customs Service (NCS) to work assiduously by increasing the 2024 revenue target of the service to N6 trillion. Chairman of the committee, Rep. Abubakar Bichi, appealed with the Comptroller General of NCS, Adewale Adeniyi, to think of increasing the targeted N5 trillion when…
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Cardi B, the Grammy Award-winning rapper and cultural icon, took to Instagram to confirm her separation from husband Offset. Addressing recent rumors and speculation with grace and clarity, Cardi B focused on the future, expressing her excitement for a new chapter. "I've been single for a minute now," Cardi B shared, choosing not to dwell…
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The family of the publisher of Desert Herald and former chief negotiator between the federal government and bandits, Tukur Mamu has called on the government to release him from detention custody over his deteriorating health condition. Mamu's family pleaded for administrative bail to be granted to him to enable him to attend to his deteriorating…
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Kaduna Fashion and Art Exhibition (KAFART) has expressed openness to collaborations with government bodies, the public, and private entities to enhance Northern arts and culture. It also outlined a strategy to help the government make a profit from the tourism sector and mitigate the loss of revenue caused by insecurity. At its 5th Arts Edition…
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Following the report of the Bauchi State Action Committee on Gender-Based Violence (GBV) which said that 226 cases of minor rape were recorded between 2020 and 2023, the Wife of the Governor, Aisha Bala Mohammed, Ministry of Women Affairs and Child Development and civil society organisations have trained adolescents girls on the prevention. During the…