SME’s apathy threatens implementation of micro insurance in Nigeria.

THE implementation of micro insurance across Nigeria is being threatened by apathy and lack of awareness on the part of Small and Medium Enterprises (SME) operators.   Investigations revealed that SME operators are indisposed towards micro insurance due to some factors including lack of awareness and hash operating environment. In January, the National Insurance Commission, NAICOM,… Continue reading SME’s apathy threatens implementation of micro insurance in Nigeria.

Nigeria’s Presidency, Finance Ministry delay Nigeria’s membership of African Trade Insurance (ATI).

Nigeria’s Presidency and its Federal Ministry of Finance are yet to sign the African Trade Insurance, (ATI) treaty thus delaying the country’s membership of the regional body. ATI is a pan-African institution that provides political risk insurance to companies, investors, and lenders interested in doing business in Africa. The Nigerian government is expected to make… Continue reading Nigeria’s Presidency, Finance Ministry delay Nigeria’s membership of African Trade Insurance (ATI).

Richard Branson, Shaquille O’Neal, Daymond John And Others Share Tips For Successful Partnerships

The right or wrong partnerships can make or break a business. These titans and Advisors share their top criteria for partnering with others and let us in on the biggest mistakes they’ve made in the past. 1. The People Behind The Business The most important factor in partnerships is the people behind the business. The… Continue reading Richard Branson, Shaquille O’Neal, Daymond John And Others Share Tips For Successful Partnerships

New policy on insurance of Nigerian Government assets underway.

SOME insurance companies in Nigeria will soon lose their hold on Federal Government businesses as the Nigerian federal government is putting modalities in place for a policy mandating Ministries, Departments and Agencies, MDAs, to award their insurance contracts to companies with high risk management models. Before now, some insurance companies have been getting government businesses… Continue reading New policy on insurance of Nigerian Government assets underway.

Mckinsey says Africa is the world’s next big growth market

Mckinsey says global companies that get in early and join the African champions shaping the right strategies, can sustain double-digit profit growth over the next few decades. management consulting firm, says Africa is the world’s next big growth market, akin to the Asian boom. In its new study released on Tuesday, November 20, 2018, Mckinsey… Continue reading Mckinsey says Africa is the world’s next big growth market

Premium default: No compensation for deceased Nigerian Federal Government workers’ relatives

More than five months after the Group Life Insurance Policy cover of Nigeria’s Federal Government for workers expired, insurance operators are  yet to receive renewal premium. According to the operations of the GLIP, premium should be renewed on a yearly basis. When the cover lapses and it is not renewed on time, relatives of workers… Continue reading Premium default: No compensation for deceased Nigerian Federal Government workers’ relatives

Nigeria’s airlines fly Africa’s oldest planes.

Nigeria’s commercial airlines have the oldest aircraft fleet in Africa, with the age of an aircraft in one of the airlines, being 28.1 years, many aircraft in Nigeria are either due for retirement or decommissioning or may have been retired at least some years earlier. In sharp contrast, major African airlines, such as Ethiopian Airlines,… Continue reading Nigeria’s airlines fly Africa’s oldest planes.