US President Donald Trump has lavished praise on Chinese leader Xi Jinping, a marked contrast to his previous criticism of China on the flashpoint issues of North Korea and trade. But he also urged Mr Xi to “work very hard” on persuading North Korea to denuclearise. On China’s trade surplus, Mr Trump surprised many when […]
The Emir of Kano, Alh. Muhammadu Sanusi II has inaugurated Islamic compliance insurance scheme on Monday, in Kano, the state capital, to serve as an alternative to conventional insurance in the country. The Islamic insurance or Takaful, is a unique Islamic concept of Sharia compliance insurance. He added that the system of Takaful insurance is […]
….As Profit rises by 19% Royal Exchange Insurance Plc has recorded a 10 per cent drop in net claims for the period ended June 30 2017. This was contained in the company’s first half 2017 result released recently by the Nigerian Stock Exchange. The result, which showed growth in key indices, just as challenges persist […]
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 call recently in Abuja, at the 2017 National Insurance Conference organized […]
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 […]
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 […]
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 […]
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 […]
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 responsible […]
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 countries like […]
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) […]