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Buhari Suspends NSITF Boss, Directors over Misconducts

President Muhammadu Buhari has approved the immediate and indefinite suspension from Office of the Managing Director/Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Adebayo Somefun. The Minister of Labour and Employment, Chris Ngige, in a statement by Charles Akpan of the Press and Public Relations in the ministry, named …

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In 2019, Nigerian Insurers Collected $1.3billion in Premium

Insurance companies in Nigeria collected USD$1.3billion (NGN490bn) in 2019 as premium for the various businesses, representing 15.55% increase from the previous year According to the Nigerian Insurers Association (NIA) chairman, Tope Smart, despite enormous challenges, the industry had continued to perform its role, reported Pulse Nigeria. “It is expected, because of …

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