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The National Insurance Commission (NAICOM) has been advised not to totally dispose off insurance companies that fail to meet the new minimum capital requirement for underwriters but instead, convert them to micro-insurers.
The Central Bank of Nigeria says the revised categories of MicroFinance Banks, which give them up to April 2020 to recapitalise, is to ensure their continued operations in the economy.
The National Insurance Commission (NAICOM) yesterday said there was no going back on its October 1, 2018 deadline for operators in the insurance industry to shore up their capital base.
The National Insurance Commission (NAICOM) has raised the minimum capital requirement for insurance firms operating in the country by 200%.
Obinwanne Okeke, the 31-year-old Nigerian held by American authorities for alleged fraud, entered a plea of not guilty to two counts of wire and computer fraud at his first hearing on Monday.
Oby Ezekwesili, a former presidential candidate, on Tuesday, urged the newly constituted Economic Advisory Council to make it a priority to tell President Muhammadu Buhari, how he has allegedly mismanaged the economy.
A passenger train derailed during the morning rush hour in Hong Kong on Tuesday leaving eight people injured, authorities said.
Gov. Gboyega Oyetola of Osun in Monday inaugurated eight newly renovated primary health care centres in the state.
The Indigenous People of Biafra (IPOB) has insisted that security agents have been keeping watch at the country home of their leader, Mazi Nnamdi Kanu, despite consistent denial by the authorities.
Ogun State Governor Dapo Abiodun on Saturday called on Abdulkabir Akinlade of the Allied People’s Movement (APM) to join hands with him in taking the state to higher heights.
Following her appointment as the Imo State Environmental Ambassador, Nigeria women’s national team captain, Desire Oparanozie who hails from Owerri in Imo state has disclosed her excitement with the new role.
Only 1.78 per cent Nigerian workforce is captured in the pension pot of the Contributory Pension Scheme (CPS) and have a secured life after retirement, a report obtained by newsmen has shown.
The Lead Pastor of Glorious Destiny Family Church, Borokiri, Port Harcourt, Pastor Akeem Idoniboye, has advised young women to stop transacting businesses in hotels in order to escape from a suspected serial killer that targets only young women.
A Federal High Court sitting in Port Harcourt, Rivers State has ordered former governor, Rochas Okorocha, and his family not to sell or alienate any of the properties that were subject of an interim order of the court pending the conclusion of investigation by the Economic and Financial Crimes Commission, EFCC.