Insurance

Insurance firms charged on opportunities in sector

Ihesiulo Grace 14 August 2017 0

The insurance sector in Nigeria has been urged to end the continued dialogue on prevailing opportunities inherent in the country; and actualize the opportunities that the industry provides for local and global investors, Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah made the

Labour News Nigeria

Pension scheme not compulsory for all workers – Umahi

Ihesiulo Grace 25 February 2017 0

Governor of Ebonyi State, Engr. David Nweze Umahi, has said that it is not compulsory for all Ebonyi workers to participate in the state’s new pension scheme. He announced this during meeting with the Nigeria Labour Congress and its affiliate bodies over the controversy surrounding the new pension law at the Government House, Abakaliki on […]

Business Insurance

Wapic’s 5yr-Plan Targets Industry Top Spot

Ihesiulo Grace 7 May 2015 0

In a move to set pace for other insurance companies in Nigeria, Wapic Insurance Plc has set out plans to be among the top two insurance companies in the country by 2019. Aigboje Aig-Imoukhuede, Chairman of the firm, stated this at the Company’s 56th Annual General Meeting (AGM) held in Lagos. Aig-Imoukhuede, revealed that the […]

Insurance Money News Top Stories

How Insurance Industry grossed nearly N1 trillion under Jonathan’s administration

Ihesiulo Grace 7 May 2015 0

Without mincing word, the growth in the Nigeria insurance industry under President Goodluck Jonathan’s administration is highly commendable as it recorded almost N1 trillion in its Gross Premium Income (GPI) between 2011 and 2014. The GPI, which amounted to N965 billion, grew by 14.8 per cent, from the N840 billion recorded within a period of […]

Business Insurance

Standard Assurance General, Life Companies Merged

Ihesiulo Grace 1 May 2015 0

Following a deliberate and strategic decision to play a leading role in the nation’s insurance sector, the boards of SA Insurance Plc and SA Life Assurance Limited have approved the merger of both companies to form a frontline composite insurance company.   According to the organisations’ spokesman, Mr. Nelson Egboboh who disclosed this to our […]

Business Insurance

NAICOM Trains Insurers for Risk Based Supervision

Ihesiulo Grace 1 May 2015 0

  The National Insurance Commission (NAICOM) has reiterated its commitment to increasing the level of awareness of insurance operators in readiness for full scale smooth implementation of Risk Based Supervision (RBS). Mahammed Kari, Deputy Commissioner Technical, NAICOM, disclosed this at a day seminar hosted by Munich Re Africa in Lagos, that the Commission was

Insurance

Insurance Industry and Task before President-Elect

Ihesiulo Grace 30 April 2015 0

Expectations and suggestions for the  incoming government of General Muhammed Buhari (rtd) continues to swell, as experts from different sectors across Nigeria are putting forward blueprints on how to revamp and consolidate critical sector of the country’s economy. Meanwhile, the Nigeria Insurance Industry over the years have been struggling to catch up with

Agriculture Business Top Stories

Minister warns farmers of extreme weather, need for agric insurance

Ihesiulo Grace 23 March 2015 0

Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina has warned farmers of the possibility of extreme weather conditions and the need for them to upscale their investments in agricultural insurance to protect them from unexpected losses. Adesina, stated this at the opening of the Lagos Zonal Headquarters of the Nigerian Agricultural Insurance Company, (NAIC)