Insurance

Lagos motivates workers with N80bn RSAs payments

Ihesiulo Grace 13 November 2017 0

Lagos State Government said a total of N80billion has been paid into the Retirement Savings Accounts (RSAs) of its workers since the state embraced the Contributory Pension Scheme (CPS) in 2007. The state’s move to improve well-being of workers in the state, was revealed at the 13th Retirement

Insurance

Standard Alliance boosts Q3 gross premium to N4bn

Ihesiulo Grace 5 November 2017 0

Standard Alliance Insurance may have reassured investors of its commitment to meeting positing rules of the Nigerian Stock Exchange and growing earnings, as the company beat sanctions from the regulators by timely delivering its third quarter 2017 results. The result which showed boost in gross premium, recorded reduced earnings in other key measuring indices, positing

Insurance

AIICO Insurance sustains sector’s liquidity boost YTD

Ihesiulo Grace 5 November 2017 0

…As Q3 2017 gross premium grows by 11.9 %, while PAT declines AIICO Insurance Plc has sustained liquidity boost of the insurance sector posting sustained high turnover year to date (YTD). While some insurance stocks have not been able to generate bid, having played on offer over a long period, AIICO, continued to generate high […]

Insurance

Mutual Benefits seeks regulatory seal on rights

Ihesiulo Grace 5 November 2017 0

Mutual Benefits Assurance plc, has advanced further in its proposed rights’ issue for capital raising with application to the Nigerian Stock Exchange (NSE) seeking endorsement of the offer and subsequent registration. The exchange revealed on Friday, that the company, through its Stockbrokers, Security Swaps Limited, has submitted an application to the NSE for approval and

Insurance

NCRIB seeking to enhance brokers’ professionalism, competence

Ihesiulo Grace 5 November 2017 0

The Nigerian Council of Registered Insurance Brokers (NCRIB),has given assurance that its new leadership will commit towards enhancing professionalism, competence and fortunes of insurance brokers. The group promises to, among other responsibilities, forge progressive relationship with other stakeholders, like the Nigerian Insurers Association (NIA); and the Chartered

Insurance

Royal Exchange targets optimal growth via innovative business plan

Ihesiulo Grace 30 October 2017 0

Royal Exchange Nigeria Plc is positioned for increased returns on premium and profitability with multi dimensional strategic business focusing on diversified earning opportunities, cost optimization and deployment of more earning new products. The company revealed that it has strengthened plans to unbolt new growth potential that will increase consumer value and better

Insurance

NAICOM: Unsuitable laws bane of insurance

Ihesiulo Grace 30 October 2017 0

Nigeria’s Commissioner for Insurance, Mohammed Kari has blamed inappropriate laws, which often brew disharmony among the industry’s regulatory agencies, as one of the greatest challenges facing the sector. Kari insists that if the insurance industry must grow, it requires those laws that conform to modern practice; and those that take would into account the potential […]

Insurance

Consumers, environment, insurers hold key for sector growth

Ihesiulo Grace 30 October 2017 0

The inclusion of robust grassroots- oriented micro insurance products and elimination of negative hearsay on the sector through transparent practices had been tipped as measures that will drive the growth of the insurance sector. Professor of Insurance and Risk Management, Professor Festus Epetimehin, of Joseph Ayo Babalola University (JABU) disclosed this recently at

Insurance

Several stock broking firms’ online trading portals are ineffective – Proshare

Ihesiulo Grace 23 October 2017 0

A damning report of the 3rd edition of the online trading portals’ ranking by Proshare NG was released in October 2017, showing that many stock broking firms were yet to have effective online portal. Whereas, the infrastructure, is acquired by them, could put them on a higher business pedestal and wrought for them locally and […]

Insurance

Pension reform risks credibility, test tinkering

Ihesiulo Grace 23 October 2017 0

Effort at repositioning the Nigeria’s pension reform to attain global reckoning may be a fluke, if ongoing attempts to tamper with the Pension Reform Act (PRA) as amended in 2014, sails through. Such tinkering, aligned with government’s proposal to except some agencies of government from contributory pension scheme, it has been argued, would erode confidence […]

Insurance

NAICOM to deploy more integrated approach for insurance

Ihesiulo Grace 23 October 2017 0

In the bid to harness performance of the insurance sector in Nigeria and increase its general acceptance by a wider population, a more integrated approach is to be taken by the apex insurance regulator in the country. The National Insurance Commission (NAICOM), has thus hinged the hope of boosting insurance sector growth on its compulsory […]

Insurance

AIICO, N.E.M, LASACO, others lift liquidity status

Ihesiulo Grace 23 October 2017 0

Investors’ preference to trade on their shares heightened for AIICO Insurance, N.E.M, Lasaco insurance and two other insurance companies, as they closed the week ended Friday, 20th October as the drivers of sectoral activities. Meanwhile, there are some insurance stocks that had remained illiquid as sustained offers of such stocks in the market over long […]

Insurance

AxaMansard leads gainers, as Linkage, N.E.M record high rewards

Ihesiulo Grace 17 October 2017 0

Axamansard Nigeria Plc for the week ended 13th October, 2017 sustained positive investors’ sentiment and rewards with significant equity price appreciation, a trend that has characterized the company’s market performance week on week. Also Linkage Assurance and N.E.M Assurance towed the same rewarding path during the week, contributing remarkably to market liquidity boost

Insurance

SEC urged to check lifestyles of companies’ CEOs

Ihesiulo Grace 17 October 2017 0

The Securities and Exchange Commission (SEC) has been called upon to check the flamboyant lifestyles of Companies Chief Executive Officers who deploy their companies’ fortunes to live ostentatious lifestyles while their firm and shareholders are denied dividends. Speaking to Daily Times Nigeria, correspondent, cross-section of market stakeholders called for effective

Insurance

NSE lifts suspension on African Alliance

Ihesiulo Grace 17 October 2017 0

The Nigerian Stock Exchange (NSE) has lifted the technical suspension placed on African Alliance on 5th July 2017, for default in complying with post listing rules on submission of audited and periodic accounts to the bourse. The Exchange, in a publication titled “Notification of Lifting of Suspension of Trading in the Shares of African Alliance […]

Insurance

Insurance: Index rewards investors 17.93% ytd

Ihesiulo Grace 17 October 2017 0

The Nigerian Insurance sector through its performances the first business day of the year to Monday October 16th 2017 (YTD), has demonstrated resilience and reinforcement to deliver value to investors. Like all indices of the Nigerian Stock Exchange, but the ASeM index, the Insurance index sustained positive returns on investment year to date, rewarding shareholders […]

Insurance

NEM, AIICO, LASACO, others lift sector by 90%

Ihesiulo Grace 8 October 2017 0

Five insurance companies during the week, ended Friday 6th October, 2017, lifted the turnover of insurance sector by 90 per cent, demonstrating increased investors’ interest in the shares of the target insurance firms. The companies that commanded high investors’ patronage during the week in order of activity are, N.E.M Insurance, AIICO Insurance, LASACO Assurance,

Insurance

NAICOM’s 2003 Act amendment delay weakens insurance penetration

Ihesiulo Grace 8 October 2017 0

The delay in amending the national Insurance Commission’s Act 2003 has been attributed to be frustrating insurance sector’s penetration and the continued apathy by many Nigerians to insurance policies. However, the sector has been charged to be innovative and customer- oriented to achieve the much needed interest in growing clientele base by extending services to

Insurance

Custodian, AIICO lead gainers

Ihesiulo Grace 8 October 2017 0

Demonstrating ability to reward investors through equity price growth which demonstrates liquidity state of the companies’ stocks in the equities market, Custodian and Allied Insurance and AIICO Insurance Plc emerged as the highest gainers in the insurance sector for the last trading week. Major contributors to the sector’s high returns on investment, which stood at

Insurance

Pencom’s N2.5trn needs compliant investment vehicles, says Longe

Ihesiulo Grace 1 October 2017 0

….Decries balkanization of pension funds The Nigerian pension fund has over N6.8 trillion in its kitty, however part of which are tied to different forms of investments, but about N2,5trn of the funds still need viable investment routs to follow. This was coming as the National Pension Commission (PenCom) has condemned a Bill seeking to […]