Friday, 29th September 2023


4 days ago
The Nasarawa State Governor, Abdullahi Sule, has advised stakeholders in the construction sector to embrace insurance to mitigate associated risks at the workplace. The governor made the call during a courtesy visit by the management of the National Insurance Commission (NAICOM) led by the Commissioner for Insurance, Sunday Thomas, to the state government. The governor…
4 Sep
Over a year after Standard Alliance Insurance Plc and Niger Insurance Plc were liquidated, thousands of policyholders whose claims were due long before the regulatory intervention are still on the queue while the appointed receiver managers...
4 Sep
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.
30 Aug
The National Insurance Commission (NAICOM) has revealed plans to roll out a unified industry master plan that would address some of the pending challenges confronting the sector by October.
14 Aug
The Financial Sector Deepening Africa (FSD Africa) and the National Insurance Commission (NAICOM) have partnered as part of efforts to promote growth and innovation in the nation’s insurance sector.
7 Aug
The National Insurance Commission (NAICOM) has expressed its commitment to exploring the global Takaful insurance market, which is expected to grow to $25 trillion in 2025.
24 Jul
The National Insurance Commission (NAICOM) has expressed its commitment to creating an enabling environment for insurers to increase their financial capacity to be able to underwrite big risks in line with the Guidelines for Oil and Gas Insurance Business issued in 2010.
23 Jul
The Insurance Industry Committee (IIC), inaugurated by the insurance industry’s players to work on development plans, will today flag off publicity to educate Nigerians on the rationale behind the increment in third-party motor insurance rate from N5,000 to N15,000 by the National Insurance Commission (NAICOM).
23 Jul
The National Insurance Commission (NAICOM) has urged operators in the oil and gas sector to comply with relevant guidelines and patronise the local insurance sector.
17 Jul
The National Insurance Commission (NAICOM) has inaugurated the Nigerian Actuarial Society Discount Rate Committee (NAS-DRC) to address some of the industry’s challenges and promote global accounting standards.
17 Jul
An underwriting firm in the insurance sector, Universal Insurance Plc, has revealed plans to embark on nationwide industry expansion to increase penetration in the country.
11 Jul
As underwriting firms across the globe prepare to migrate from International Finance Reporting Standard (IFRS) 4 to IFRS17 by 2024 implementation date, insurance operators in the country have expressed readiness for the full adoption of the new reporting standard in the country.


7 mins ago
The Minister of Works, Sen. Dave Umahi, said the Federal Government would begin immediate reconstruction of the collapsed Enugu/Port Harcourt expressway. Umahi said this when he and Gov. Peter Mbah of Enugu State visited the scene of the collapsed bridge for an on-the-spot assessment as part of his working visit to the state. He said…
45 mins ago
A small group of Tunisians arrived by boat on the Italian island of Lampedusa Friday, the first landing in over a week after a surge fuelled tensions in Europe over migration. Seventeen Tunisians were admitted to the island's migrant reception centre, which earlier this month was overrun after 8,500 arrived in just three days, Italy's…
58 mins ago
....Sensitize shop owners on the dangers of tobacco usage The Federal Ministry of Health (FMOH) in collaboration with The Nigeria Police Force and Management Sciences for Health (MSH) and other partners led an enforcement campaign to major supermarkets and lounges within the Federal Capital City. Areas visited by Mr. S B Gadzama, Director, Operations and…
1 hour ago
N He posted on his “X” space, formerly twitter, that, “Balogun Olamilekan Eletu aka Sam Larry is now in our custody. He is currently assisting with an ongoing investigation. #justice4Mohbad #justiceforMohbad” However, Nigerians who were not pleased with such a statement took to his comment section to vent their displeasure about his choice of…
1 hour ago
At least 25 people were killed and dozens more wounded Friday by a suicide bomber targeting a procession marking the birthday of Islam's Prophet Mohammed in Pakistan's southwestern Balochistan province. While the celebration of the Prophet's birthday is accepted by the majority of Islamic sects in Pakistan, certain denominations view it as an unwarranted innovation.…