Firms pay 28% of N356b premium income as claims
Eddie Efekoha, NIA Chairman Of an estimated Gross Premium Income (GPI) worth N356 billion generated by the insurance industry last year, 28 per cent was paid out as claims to help individuals and...
View ArticleBig names dominate as Nigeria’s insurance sector seeks next growth phase
Nigeria’s insurance sector is dominated by a few big company’s meaning it is increasingly difficult for smaller players to compete and ultimately push the sector to its next growth phase. For instance,...
View ArticleGovt to Review Group Life Insurance Policy for Civil Servants
The federal government has still not payed the N5.4billion premium of its civil servants in the country six months after it was due for renewal. The Head of the Civil Service of the Federation, HOCSF,...
View ArticleGuinea Insurance grow profit by 226% in 2015, As premium incrome appreciates...
Mrs. Isioma Omoshie-Okokuku, Acting Managing Director Guinea Insurance Plc, D; Godson Ugochukwu, Chairman of the board and Abdulkerim Oshioke Kadiri, Independent Director during the AGM held...
View ArticleAgain, Bill Gates is world’s richest man
Microsoft founder, Bill Gates again tops Forbes’ list of the world’s richest people, in a year when the number of billionaires rose 13% to 2,043. According to the magazine’s annual rich list, Mr Gates’...
View ArticleLagos Police Retract Statement On Recovery Of Dr. Orji’s Body
The Lagos Police have said that they are unsure of the identity of the body recovered from the Lagos Lagoon, after confirming to Channels Television that the body of Dr. Allwell Orji who jumped into...
View ArticleDangote Group to launch fundraising for The Africa Center in New York City:...
Aliko Dangote and Halima Aliko Dangote will host an online press conference on Thursday, March 23 at 14:00 GMT Halima Aliko Dangote was recently appointed the president of The Africa Center in New...
View ArticleMPC retains interest rate at 14%, CRR at 22.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained interest rate at 14%, alongside other parameters. The MPC disclosed this after the two-day meeting in Abuja, the...
View ArticleOtudeko, FBN Holdings Group Chairman leads Conversation at the Africa CEO...
L– R: Oba Otudeko, CFR, Group Chairman, FBN Holdings Plc and Phuthuma Nhleko, Executive Chairman, MTN Group, at a panel session at the Africa CEO Forum 2017 in Geneva. March 21, 2017/First Bank of...
View ArticleAnother Drop in Internet Subscriptions; Contracts by 4.7% in January
The latest data released by the NCC, the industry regulator, show that internet subscriptions stood at 91.3 million in January, representing a y/y contraction of -4.7%. The figure implies density of...
View ArticleEcobank Nigeria Gets ISO 22301 Business Continuity Management Systems...
Ecobank Nigeria Limited has been awarded the International Organization for Standardization, ISO 22301 certificate for ‘Business Continuity Management Systems. This certification is achieved way ahead...
View ArticleSaraki Has Nothing to Do With Importation of Vehicle, Says Aide
Special Adviser to Senate President on Media and Publicity, Yusuph Olaniyonu, on Tuesday said the that the allegation raised by Senator Ali Ndume linking Dr. Abubakar Bukola Saraki to the importation...
View ArticleMedview opens Lagos- Kano route
Medview Airline has added Kano to its route network with an inaugural flight from Lagos to Kano scheduled for March 22, 2017. Managing Director of the airline, Muneer Bankole in a statement said, the...
View ArticleLaptop ban: UK, US ban electronics in carry-on luggage from Middle East...
Britain has joined the United States in temporarily banning carry-on electronic devices on planes coming from certain airports in Muslim-majority countries in the Middle East and North Africa in...
View ArticleFG Issues Fresh Directives to Accelerate Implementation of President Buhari’s...
President Muhammadu Buhari. *Presidency gives contractors 30 days to return to site or face prosecution *Presidential-level visits to remaining oil-producing States in view The Federal...
View ArticleSenate tells Customs boss to resign, says his unfit to hold any public office
The Nigerian Senate on Wednesday called for the resignation of the Comptroller General of the Nigeria Customs Service, Colonel Hameed Ali (rtd). According to the Nigerian senate the custom boss is...
View ArticleSeven Dead As Multiple Bomb Blasts Rock Maiduguri
Nema Officials at the blast scene Seven people are said to have died, following multiple explosions in Maiduguri, the Borno state capital. It was gathered that the blasts occurred early on Wednesday...
View ArticleINTELS bags NIPR excellence award
Head, Government and Public Affairs of INTELS Nigeria Limited, Mr. David Alagoa (left) receiving the Nigerian Institute of Public Relations (NIPR), Rivers State Branch “Award for Excellence in Public...
View ArticleFEC approves $1.79b rail contract, N102.077 for roads
The Federal Executive Council (FEC) on Wednesday approved the $1.79 billion contract awarded to China Civil Engineering and Construction Corporation (CCECC). The contract, to be funded by China EXIM...
View ArticleAllianz named ‘International Corporation of the Year’ in Africa
Staffs of Allianz receving the award at the event. At the 5th annual Africa CEO Forum held in Geneva March 20-21, Allianz received the ‘International Corporation of the Year’ award. Coenraad...
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