Insurance
11 Dec
Lagos Area Committee of the Nigerian Council of Registered Insurance Brokers (NCRIB) and Insurfeel Initiative have partnered to promote insurance awareness through the provision of free insurance coverage to students under ‘School Care Cover’.
4 Dec
The Nigerian insurance industry's total assets rose to N2.8 trillion at the end of Q3, National Insurance Commission (NAICOM) has said. NAICOM disclosed this in a document titled: “Nigerian Insurance Market at a Glance – Q3, 2023. A breakdown of the statement shows that total assets for non-life stood at N1.74 trillion, while total assets…
29 Nov
The British deputy high commissioner to Nigeria, Jonny Baxter, said the United Kingdom is looking to double the trade volume between Nigeria and the U.K. by next year from 6.9 billion pounds in 2022.
22 Nov
Underwriting firm, Royal Exchange Plc, has assured its shareholders of stronger performance and increased returns on investment despite environmental challenges last year.
13 Nov
The National Insurance Commission (NAICOM) has given a two-week timeline to the Nigerian Insurers Association (NIA) to publish details of outstanding claims in the industry on their website to aid policyholders who wish to claim their settlements.
9 Nov
To drive Federal Government initiatives on financial inclusion and wealth creation in the country, experts have called on Nigerians to embrace insurance products and services as mitigation mechanisms to replace damaged assets that were earlier insured.
7 Nov
Despite the harsh economic situation in the country, insurance firm, Noor Takaful Limited, has raised N4.97 billion as its gross premium contribution for the 2022 financial year.
30 Oct
To revolutionise insurance business and boost the sector's contribution to GDP, there is the need for operators to advance in technology adoption of its offerings
24 Oct
Concerned by losses suffered in the past from building collapse and damages caused by fire, particularly in the marketplaces and other natural disasters, professionals in the insurance and building sectors of the economy have called on the Federal Government to enforce the law on insurance of buildings to reduce loss of lives and assets in…
23 Oct
An underwriting firm, Sanlam General Insurance, has advised policyholders to use its ‘Code of Confidence *1056#, an option that enables it to pay claims within three hours of reporting an incident.
16 Oct 2023
To further accelerate insurance penetration in the country, Heirs Insurance Group has introduced Nigeria’s first-ever digital insurance space – called Heirs Insurance Experience Centre in the country. The experience centre, according to the underwriter, will provide a comprehensive one-stop shop for all insurance products and services offered by the group. The Heirs Insurance Experience Centre…
16 Oct 2023
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…
8 hours ago
The Lagos Chamber of Commerce and Industry (LCCI) is deeply worried about the various economic headwinds confronting the stability of the Nigerian economy.
8 hours ago
The World Bank Group and the African Development Bank Group are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030.
8 hours ago
Trading activities on the floor of Nigerian Exchange Limited (NGX) halted gains to close on a downturn yesterday, causing market capitalisation to decline by N35 billion.
8 hours ago
Worried by the dwindling oil production and the need to drive investments in the nation’s oil and gas sector, the Federal Government, through the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has underscored the imperative of ramping up production as a pivotal strategy to ensure stability in the midstream and downstream sectors of the industry.
8 hours ago
The Nigeria Customs Service (NCS) Tin Can Island Port (TCIP) command has reported a 95.3 per cent increase in non-oil exports in the first quarter of 2024, compared to the same period last year.
8 hours ago
Access Pensions has emphasised its commitment to offering thorough guidance and assistance to customers interested in Pension Backed Mortgages (PBMs).
9 hours ago
To further address the energy inefficiency in the country, the Chief Executive Officer, Stanbic IBTC Holding Plc, Dr. Demola Sogunle, said N350 billion fund has been raised to support customers in the energy sector.
9 hours ago
Amid geo-political tension marked by uncertainty, volatility, and disruptive forces, the Chartered Institute of Directors Nigeria (CIoD) has tasked directors on effective leadership, noting that their roles as leaders assume even greater significance in turbulent times.
1 day ago
Stakeholders in the insurance and pension industry have called on operators in the sectors to adopt artificial intelligence (AI) to drive business expansion in the country.
1 day ago
Though it does not have the power to regulate prices, the Federal Competition and Consumer Protection Commission (FCCPC) will deploy an existing legal framework to enforce fair competition and consumer protection provisions to achieve fair prices of commodities.