Category: Insurance

Tinubu Signs Insurance Reform Bill Into Law
August 6, 2025 No Responses

Tinubu Signs Insurance Reform Bill Into Law

President Bola Tinubu has assented to the Nigerian Insurance Industry Reform Bill 2025. Presidential spokesman, Bayo Onanuga, explained on Tuesday that the Act repealed and consolidated several outdated insurance laws into a single, modern legal framework.  “The new Act provides...
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Lagos Inaugurates Accident, Emergency Centre
May 10, 2025 No Responses

Lagos Inaugurates Accident, Emergency Centre

Lagos State Governor, Babajide Sanwo-Olu, on Friday, inaugurated Accident and Emergency Centre in Epe.The purpose-designed trauma management facility, situated in the Federal Medical Centre, Epe (formerly Epe General Hospital), in an intervention initiated by ...
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Edo Revenue Service To Partner Insurance Practitioners
March 17, 2025 No Responses

Edo Revenue Service To Partner Insurance Practitioners

The Edo State Internal Revenue Service (EIRS) is to collaborate with the forum of Insurance Practitioners in Edo State for effective service delivery. This was revealed by the representative of the Executive Chairman,  Sir Michael Ohio-Ezomo, Executive Di...
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Aiico Insurance Projects ₦114.3b Revenue For 2025 Q2
March 13, 2025 No Responses

Aiico Insurance Projects ₦114.3b Revenue For 2025 Q2

For the second quarter of 2025, AIICO Insurance Plc has projected a gross written premium of N114.3billion, driven by seasonal trends in premium receipts and actual cash flows recorded in January 2025. The company in its earnings forecast filed on...
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Okpepholo Appoints Ex-NIMASA Staff, Ikpea-Enaholo, DG Of EDHIC
February 2, 2025 No Responses

Okpepholo Appoints Ex-NIMASA Staff, Ikpea-Enaholo, DG Of EDHIC

Edo State Governor, Sen. Monday Okpepholo, has appointed Augusta Ikpea-Enaholo as the Director-General of the Edo State Health Insurance Commission (EDHIC).Ikpea-Enaholo has held key positions in public and private sectors, including serving as Principal Legal...
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Third Party Insurance Enforcement Begins Nationwide
February 1, 2025 No Responses

Third Party Insurance Enforcement Begins Nationwide

In line with the directive of the Inspector-General of Police, Kayode Egbetokun, the Nigeria Police Force has reiterated the enforcement of the Mandatory Third Party Insurance from February 1st, 2025.According to the Police, the initiative aims to reinforce ro...
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EFCC Beams Fresh Searchlights on  Insurance Fraud
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, Novemb...
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FIRSTBANK MAINTAINS IMPRESSIVE PERFORMANCE, POSTS N238.53BN PBT IN Q1 2024
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...
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Africa Prudential Appoints Catherine Nwosu CEO
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...
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The Address Homes Delivers Another Project, Ikoyi Crescent  
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...
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Elumelu Seeks Urgent Recapitalization, Enforcement Of Compulsory Insurance In Nigeria
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.....
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Reps Summon Insurance Firms Over Unremitted N267b Workers’ NHF
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...
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NCAA Threatens Sanction Over Inappropriate Insurance Cover
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...
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UNITED CAPITAL LAUNCHES CAMPAIGN TO PROMOTE FINANCIAL INCLUSION FOR WOMEN
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...
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