Insurance Archives — City Business News

November 14, 2024 No Responses

EFCC Beams Fresh Searchlights on Insurance Fraud

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has declared the resolve of the Commission to beam stronger searchlights on the nation’s insurance industry. He made the declaration in Abuja on Wednesday, November 13,...

June 2, 2024 No Responses

FIRSTBANK MAINTAINS IMPRESSIVE PERFORMANCE, POSTS N238.53BN PBT IN Q1 2024

FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023. The Q1 2024...

March 2, 2024 No Responses

Africa Prudential Appoints Catherine Nwosu CEO

Africa Prudential Plc, the pioneering registrar listed on the Nigerian Exchange Group (NGX Group), has announced a historic leadership transition. Effective March 1, 2024, Catherine Nwosu will become the company’s first female Chief Executive Offic...

December 5, 2023 No Responses

The Address Homes Delivers Another Project, Ikoyi Crescent

The Address Homes Limited, the foremost real estate development firm has completed and delivered yet another project in Ikoyi Crescent. Known as The Address Homes Wemabod Estate and located on Ikoyi Crescent, Lagos, the property uniquely designed to give homeo...

October 24, 2023 No Responses

Elumelu Seeks Urgent Recapitalization, Enforcement Of Compulsory Insurance In Nigeria

Chairman of Heirs Insurance Group, Tony Elumelu has called for the urgent recapitalisation of insurance companies in Nigeria, as part of a six-point agenda to completely transform the insurance industry. He made the call on Monday, October 23, 2023, at.....

August 31, 2023 No Responses

Reps Summon Insurance Firms Over Unremitted N267b Workers’ NHF

THE House of Representatives Ad hoc committee investigating non-remittance to the National Housing Fund (NHF) and utilisation of the funds from 2011 has summoned concerned Chief Executive Officers (CEOs) of insurance companies. This is to explain the reason fo...

August 14, 2023 No Responses

NCAA Threatens Sanction Over Inappropriate Insurance Cover

The Nigeria Civil Aviation Authority (NCAA) has threatened to sanction airlines and allied aviation services that violate the Nigerian Civil Aviation Regulations (Nig. CARs) 2022 on insurance cover for their equipment. A statement issued on Sunday by the...

July 14, 2023 No Responses

UNITED CAPITAL LAUNCHES CAMPAIGN TO PROMOTE FINANCIAL INCLUSION FOR WOMEN

United Capital Asset Management Ltd., a subsidiary of United Capital Plc, has launched the #ThisGirlInvests campaign to promote financial independence and security for women across Nigeria. A statement explained that the campaign seeks to enc...

June 15, 2023 No Responses

NCDMB Backs Confab On Local Content Implementation In Insurance Industry

The Nigerian Content Development and Monitoring Board, NCDMB, has accepted to lead discussion at the 2023 National Conference on Building Local Content Synergy between the Insurance Industry and Oil and Gas Sector. Executive Secretary of the Board, Simbi Kesiy...

February 10, 2023 No Responses

Unitrust Insurance Gets New MD

Unitrust Insurance Company has appointed Mr Adedayo Arowojolu as Managing Director/Chief Executive Officer (CEO) and Mr Olatunji Anibaba as Executive Director (Technical). In a statement on Thursday, Head, Brand and Customer Service of the company, Ms Sw...

January 13, 2023 No Responses

Heirs Life Assurance Opens 11 Additional Offices

Heirs Life Assurance (HLA) has opened 11 additional retail offices nationwide to serve its growing number of customers. A statement signed by Mr Timileyin Adebiyi, Communication Manager, HLA attributed the company’s rapid expansion to ...

January 10, 2023 No Responses

Royal Exchange Insurance Appoints New MD

Royal Exchange General Insurance Company has announced the appointment of Mrs Ebelechukwu Nwachukwu as the new Managing Director/Chief Executive Officer, effective December 1, 2022. The company’s Chairman, Mr Ike Chioke, who made the announcement on Mo...

December 22, 2022 No Responses

FEC Approves N13b Group Insurance Fee For Police

The Federal Executive Council (FEC) has approved N13.3 billion for the provision of group life assurance scheme for the Nigerian Police Force (NPF). The Minister of Police Affairs, Alhaji Maigari Dingyadi, made this known when he addressed State House co...

December 21, 2022 No Responses

Insurance Assets Hit N2.3tri

The National Insurance Commission (NAICOM), on Tuesday disclosed that the insurance industry attained total assets of N2.3 trillion, indicating 9.0 per cent increase, Year-On-Year (YoY) at the end of the third quarter. This is contained in a bulletin of the....