NAICOM maps out strategies to drive insurance growth

The National Insurance Commission (NAICOM) has unveiled a 5-Point Strategic Plan 2021-2023 to drive growth of insurance business and deepen its penetration in the...

Buying activities in WAPIC, others raises equities by 0.18%

The equity market witnessed an expansion in Wednesday’s trading session, following buying interests in WAPIC (3.45%), Zenithbank (0.44%), UBA (0.70%), Unilever (0.85%), Dangcem (1.41%) and...

NAICOM, Transport Ministry collaborate on insurance for transporters,others

The National Insurance Commission, NAICOM and the Federal Ministry of Transportation is to collaborate to ensure provision of adequate insurance for road transport owners...

Insurance firms brace for #EndSARS claims

Still smarting from the rigors of raising funds for  the new NAICOM recapitalisation deadline, which has seen them selling off their assets, insurance firms...

Africa Re to disburse $3.3m for fight against Covid-19

The African Reinsurance Corporation (Africa Re), the premier reinsurance group in Africa, has announced the disbursement of the sum of US$ 3.3 million to...

Nigeria’s Life Annuity Fund portfolio grows to N323bn

Information from the National Insurance Commission (NAICOM) indicates that the insurance industry life annuity fund portfolio in Nigeria grew by 17.46 per cent to...

NAICOM gives August deadline for insurance firms to recapitalise

After the announcement of a raise in the minimum capital base for insurance companies in July 2018 and subsequent suspension of the directive in...

Centurion Law Group announces intention to pursue public listing

Centurion Law Group (Centurion) is set to become the first African legal and energy advisory firm to be publicly-listed this year, as it prepares...

AFIG acquires 29.9% shares at NEM Insurance

NEM Insurance Plc, a leading insurance group in Nigeria, has announced the acquisition of 29.9 per cent of its shares by Advanced Finance and...

NAICOM cancels recapitalisation for insurance industry

The National Insurance Commission has cancelled the Tier Based Solvency Capital recapitalisation of the underwriting sector with immediate effect. In a circular to all insurance...

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