Insurance

Minister of finance and coordinating minister of the economy, Wale Edun has said the registration of all vehicles in Nigeria under the national vehicle registry that was introduced in 2021 will help the government to mobilise more revenues and fight motor vehicle-related crimes that have been sustained over the years …

The Federal Government has bemoaned the low level of insurance penetration in Africa and the poor contribution of the sector to the economy of most African economies. Minister of Finance, Budget & National Planning, Dr. Mrs. Zainab Shamsuna Ahmed, expressed this position at the 2023 West African Insurance Companies Association, …

A Turkish soldier walks among destroyed buildings in Hatay after a 7.8-magnitude earthquake struck the country’s south-east. Photo credit: AFP The United Nations has asked member states to contribute 1 billion dollars to help the millions of people affected by the earthquake that has killed more than 42,000 people in …

In a proof of its doggedness, Premium Pension Limited, one of the first seven Pension Fund Administrators (PFAs) to be licensed in December 2005 has attained a position of over N1 trillion in Assets under Management (AUM). AUM is the total market value of the investments that a person or entity …

The pan-Yoruba socio-political organization, Afenifere, has berated the leadership of the National Insurance Commission (NAICOM) over the recent increment of insurance premium. The leadership of NAICOM.had last week announced that the third party premium insurance rate for motorists will now go for N15,000 from N5,000. It was explained that private …

The National Insurance Commission, NAICOM, says it got approval to purchase an unfinished property for the NAICOM Academy and office accommodation. The management of the Commission disclosed this in a statement obtained by Voice of Nigeria in Abuja. While rebutting claims of irregularities published in some media, in which the …

The National Insurance Commission (NAICOM) and Nigerian Content Development and Monitoring Board (NCDMB) unveiled the Guidelines on Submission of Insurance Programme By Operators, Project Promoters, Alliance Partners and Indigenous Companies In the Oil and Gas Industry. Speaking during the launch in Yenagoa, Bayelsa State, the Commissioner For Insurance, CFI, has …

The National Insurance Commission (NAICOM) today in Abuja inaugurated a fifteen-man Insurance industry committee on African Continental Free Trade Area (AfCFTA). Members of the committee are drawn from the Professional Reinsurers Association of Nigeria (PRAN); Nigerian Insurers Association of Nigeria (NIA); Nigerian Council of Registered Insurance Brokers (NCRIB); Institute of …

\ The Chairman of West African Insurance Supervisors Association, Mr Sunday Thomas, has highlighted the rationale behind the establishment of the College of Insurance Supervisors for West African Monetary Zone. The Chairman, College of Insurance Supervisors for West African Monetary Zone (CISWAMZ), Mr. Pius Agboola has also assured of CISWAMZ …

National Insurance Commission (NAICOM) has agreed to fund the construction of a building in the University of Uyo to accommodate the insurance department of the University. The Commissioner for Insurance Mr. Sunday Thomas made this disclosure in Abuja yesterday when he signed a Memorandum of Understanding (MoU) with authorities of …