Home Topics Insurance

Insurance

House of Reps: c covers less than 5 per cent of Nigerians

The House of Representatives Joint-Committee on Insurance & Actuarial Matters, Health Services and Health Institutions, has disclosed that despite a steady guzzle of billions of public funds in 15 years, the National Health Insurance Scheme (NHIS) has captured less than five per cent of Nigerians.

NAICOM okays new directors for standard alliance insurance

The National Insurance Commission (NAICOM) has approved the appointment of Haruna Mohammed and Uzoma Igbonwa as the nonexecutive directors for Standard Alliance Insurance Plc.
Chairman, Securities and Exchange Commission (SEC) Olufemi Lijadu has called for concerted efforts to strengthen the capital market to attract foreign investors.

SEC seeks partnership on capital market growth

Chairman, Securities and Exchange Commission (SEC) Olufemi Lijadu has called for concerted efforts to strengthen the capital market to attract foreign investors.
President of the Senate, Ahmad Ibrahim Lawan (left) with the Senate Minority Whip, Senator Philip Tanimu Aduda, during the plenary on Tuesday, November 19, 2019. 5

Senate: AMCON a drain on the nation’s economy

The Senate Committee on Banking, Insurance and other Financial Institutions has said that Assets Management Company of Nigeria which was set up by the government to buy back bad debts by banks has become a drain on the nation’s economy, adding something must be done to reverse the trend.

NAICOM to indemnify investors of failed companies

Against the backdrop of ongoing recapitalisation of the insurance industry, the National Insurance Commission (NAICOM) has said it will indemnify investors of firms which failed to meet the recapitalisation exercise.
President of the Senate, Ahmad Lawan, presiding over the plenary in the upper chamber on Thursday, 3rd October, 2019.

Senate decries poor enlightenment, weak insurance regulation

The Senate has expressed its displeasure over the poor regulation of insurance companies in the country, concerned about the low enlightenment of Nigerians on insurance policies.

44 insurance firms get no objection on recapitalisation plan

The National Insurance Commission (NAICOM) has granted no objection to 44 insurance companies to proceed with their recapitalisation plan.

NAICOM: Insurance firms’ total assets hit N1.3 trillion

The total asset of 58 insurance companies as at 2018 stands at N1.3 trillion, Acting Commissioner, National Insurance Commission (NAICOM), Mr Olorundare Sunday Thomas has said.
Monalisa Chinda-Coker

Nollywood diva Monalisa Chinda harps on actors’ welfare

Veteran Nollywood actress, producer and TV personality, Monalisa Chinda, has called for improved welfare and better working environment for Nigerian actors.

NAICOM’s industry portal goes live next year

A portal of the National Insurance Commission (NAICOM) that will integrate all insurance transactions in the insurance industry into a single hub will go live next year, its Acting Commissioner, Mr Sunday Thomas said on Thursday.

CBN: Nigeria’s financial inclusion rate now 63.2 percent

The bank said this in the 2018 Annual Report on the National Financial Inclusion Strategy Implementation posted on its website.

NIPC tracks $9.29 billion investment in three months

The Nigerian Investment Promotion Commission on Friday said it recorded a total investment commitment of $9.29bn in the third quarter of this year.

NAICOM: Insurance sector life annuity fund portfolio hits N323 billion

The Insurance sector life annuity fund portfolio stood at about N323 billion at the end of the second quarter of 2019.
The execution of the Nigeria Liquefied Natural Gas (NLNG) Train 7 project will create over 40,000 direct and indirect jobs, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has said.

$17 billion NLNG Train 7 Project ‘ll create 40,000 jobs

The execution of the Nigeria Liquefied Natural Gas (NLNG) Train 7 project will create over 40,000 direct and indirect jobs, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has said.

Federal government eyes 140,000 jobs from NLNG Train 7

The Nigerian Liquified Natural Gas (NLNG) Train 7 Engineering, Procurement and Construction (EPC) Contract would create over 40,000 direct jobs and provide employment for over 100,000 workers, it was learnt on Thursday.
The National Youth Service Corps (NYSC) has deployed 1,400 corps members to Gombe State for the 2019 Batch B Stream II orientation course.

NYSC nabs two fake corps members in Katsina

The National Youths Service Corps has caught two fake corps members among the current set of 2019 Batch B stream II deployed to Katsina State.

How to spot fake vehicle insurance certificates

The menace of fake motor insurance certificates has become a major concern for all stakeholders in Nigeria’s insurance sector considering that over seven million vehicles ply public roads with invalid insurance papers.

Nigerian insurers cede over $46.2bn risks abroad

Nigerian insurance companies ceded over $46.2 billion to international insurance companies out of a total sum insured of $146.2 billion risks of top 11 companies in 2018.

Recent Stories

Kidnap Victim

Gunmen abduct two Catholic priests

Gunmen have reportedly abducted two Catholic priests, Rev Fr Joseph Nweke and Rev Fr Felix Efobi from Awka Catholic Diocese.
Governor Mai Mala Buni of Yobe State has affirmed that said the progress of any nation depends on the development of its youth.

Yobe suspends traditional ruler for defiling a 6-year-old boy

Yobe State governor Mai Mala Buni has directed the suspension of the district Head of Fannami Ward, Lawan Mari from Bade Local Government for alleged sodomy with a six year-old-boy.
Kayode Fayemi

Ekiti governor congratulates SIEC, newly elected councils chairmen

The Governor of Ekiti State, Dr Kayode Fayemi, has congratulated the newly elected chairmen and councillors of the 16 local government councils, following official announcement of Saturday’s council election results by the State Independent Electoral Commission.

Femi Falana: DSS operatives apologized to judge over court’s invasion

A human rights lawyer, Femi Falana (SAN), said on Sunday that the leader of the Department of State Service (DSS) team that invaded the Federal High Court, Abuja, on Friday apologized to Justice Ijeoma Ojukwu over the incident
Nigeria Police

Police arrest three for murder

The police in Ogun State have arrested three suspects over the death of a 27-year-old man who was stabbed in the chest.