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Sunday Thomas

1 Jan
The National Insurance Commission (NAICOM) has called on underwriting firms to report insurance brokerage firms withholding premiums beyond 30 days for necessary sanctions.
30 Aug 2023
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 2023
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.
24 Jul 2023
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.
17 Jul 2023
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.
3 Jul 2023
The National Insurance Commission (NAICOM) has called on the Professional Insurance Ladies Association (PILA) to join forces with other key stakeholders to promote the sector's awareness.
22 Jun 2023
For the nation’s insurance industry to address challenges faced in the area of low penetration, there is a need for the underwriting companies to expand the distribution channels for insurance products beyond the traditional norms.

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The students of Children International Junior and Senior School (CIS), Lekki, recently performed at the Council of British International Schools (COBIS) Music Festival 2024 in Bahrain.
1 day ago
Nigerian banks have 24 months to recapitalise their capital base to at least N500 billion international authorisation capitalisation to continue operations in the country, the Central Bank of Nigeria (CBN) has said. This comes after the apex bank urged Nigerian banks to expedite action on the recapitalisation of their capital base to strengthen the financial…
1 day ago
President Bola Ahmed Tinubu has approved the appointment of Dr. Abdullahi Usman Bello as the Chairman of the Code of Conduct Bureau (CCB), pending confirmation by the Nigerian Senate. Presidential spokesman, Ajuri Ngelale, confirmed Tinubu's approval of Bello's appointment in a statement on X on Thursday. According to the Ngelale, Dr. Bello is a consummate…
1 day ago
Hoodlums attacked and set on fire the Neni Divisional Police station in Anaocha Local Government Area of Anambra State. It was gathered that the hoodlums numbering about 30 stormed the area at about 2am on Thursday and destroyed several buildings. READ ALSO: First phase of Lagos-Calabar Highway to be completed in three years – FG…
1 day ago
To streamline operations and enforce parity across its workforce, the Board of Eko Electricity Distribution Company (Eko Disco) has affirmed recent management changes and its decision to harmonize salaries and conditions of service for all employees. Dispelling rumors of a reversal in the dissolution of the former management under Dr Tinuade Sanda, Mr. Dere Otubu,…
1 day ago
The Federal Government said the first phase of the Lagos-Calabar highway will be completed within the next three years. This was disclosed on Thursday in a statement by Ben Bem Goong who is the spokesman to the Minister of Works, Engr. David Umahi. Goong made this announcement following Umahi's inspection of the Lagos-Calabar coaster highway…
1 day ago
Nigeria has been left in darkness as the national electricity grid controlled from Osogbo, Osun State collapsed at about 4:30pm on Thursday. Most distribution companies across the country disclosed that their feeders were out leaving their franchises area across the 36 states in darkness. While the grid output was 2984 megawatts as at 4pm, the…
1 day ago
An Ikeja High Court on Thursday issued a bench warrant against the former employee of Punch Nigeria Ltd., Olusegun Ogunbanjo, and others charged with N950 million fraud.
1 day ago
An Ikeja Sexual Offences and Domestic Violence Court on Thursday discharged and acquitted a 23-year-old student, Victory Tasie, charged with defiling his girlfriend.
1 day ago
Persons familiar with the antecedents of Senator Uba Sani, the Governor of Kaduna State, readily attest to the fact that he is hardly ever deterred by challenges or adversities, no matter how daunting. Stories abound of his daring exploits as a young civil and human rights activist when successive military juntas held sway in Nigeria.…