By Esther Agbo The Managing Director, REX Insurance Limited, Mrs. Ebele Nwachukwu, announced the company’s intention to collaborate with the Lagos State government on implementing compulsory insurance policies. This announcement was made during the inauguration of REX Insurance’s new headquarters…
By Esther Agbo The Minister of Solid Minerals Development, Dele Alake has pledged to clamp down on illegal mining operations across Nigeria. Alake announced that the Federal Government will now require mining companies to provide a concrete remediation plan for…
By Esther Agbo The National Insurance Commission (NAICOM) has unveiled plans to increase the number of insurance agents in Nigeria to boost insurance penetration, which in 2022 industry survey by Augusto and Co, stands at less than 1 percent, one…
Some financial experts have charged operators in the insurance and pension industries to adopt more creative and innovative ways in their business approaches. They gave the advice at the 8th annual national conference of the Nigerian Association of Insurance and…
The Insurance and Pension Editors of Nigeria (IPEN) and the Lagos Chamber of Commerce and Industry (LCCI) are strategising to enhance better customer service delivery from insurance companies and Pension Fund Administrators(PFAs) in the country. To this end, the executive…
The insurance sector’s growth fell by 7.25 per cent in the first quarter of 2023, the latest figures obtained from the National Bureau of Statistics (NBS) have revealed. The NBS disclosed in its ‘Nigeria Gross Domestic Product Q1, 2023’ that…
Some experts in the insurance industry have commended the consistent increase in gross income and settlement of claims by insurance companies. Some of the experts who spoke to journalists in Abuja during the week attributed the successes to improved policyholders’…
By Asishana John Following multiple failures being experienced by operators especially in the financial sector, experts are gathering to give insight to business operators on how to maximise business potentials. The recent findings by McKinsey show that many organizations are…
By Asishana John Investors on the Nigerian Exchange Limited gained N14.44bn at the end of trading as the insurance index saw the most gains among sectoral indices. The NGX All-Share index rose by 0.05 per cent from 40,221.17 basis points…
By Kayode Tokede Equity investors in the Nigerian Exchange Limited lost N19.51bn on Monday as the market capitalisation slid down from N20.29trn to N20.27trn at the end of trading. The NGX All-Share index depreciated by 0.10 per cent as it…
