NIGERIA RECORDS 79,875 ROAD ACCIDENTS IN THREE YEARS: THE IMPERATIVE FOR STRICT REGULATION OF ROAD TRANSPORTATION Official documents obtained from ECONOMIC CONFIDENTIAL showed that no fewer than 79,875 road accidents occurred in Nigeria between 2013 and 2015. This was reported in THISDAY, Monday February 27, 2017. Out of this alarmingly high figure, a total… Continue reading The Imperative For Strict Regulation In The Road Transport Sector
DON’T OFFER PRODUCTS WITH INSURANCE FEATURES- CBN WARNS BANKS The Central Bank of Nigeria (CBN) has advised banks in Nigeria to desist from offering products to their customers that incorporate insurance features. The CBN also warned banks not to offer free premium payments as a feature of any of their products. Nigerian banks are enjoined… Continue reading Nigeria’s Central Bank warns Banks against offering of products with Insurance features
INSURANCE OPERATORS DEPLORE PLANS TO MOVE N164.7BN TO PENSION SECTOR Life insurance operators in Nigeria may have to brace up to imminent liquidity challenges as they have to move over N164.7bn to the pension industry following a recent joint statement issued by regulators of the pension industry , the National Pension Commission… Continue reading INSURANCE OPERATORS DEPLORE PLANS TO MOVE N164.7BN TO PENSION SECTOR
A QUICK GLANCE AT THE INSURANCE INDUSTRY AND ITS OPPORTUNITIES. INSURANCE A vehicle for managing risks and ensuring that in the event that an individual or corporate body suffers a loss, the insurance company pays out claims which would cushion the effect of the loss for the insured individual or ensure that the insured business… Continue reading A QUICK GLANCE AT THE INSURANCE INDUSTRY AND ITS OPPORTUNITIES.
THE KPMG INSURANCE CONFERENCE 2017. AIGBOJE AIG-IMOUKHUEDE’S VIEWS WERE NOT ENTIRELY CORRECT. The KPMG insurance conference 2017 held recently in Lagos recently and one of the presenters; Mr. Aigboje Aig-Imoukhuede was represented by Mr. Oyebode Oyeniyi. Mr. Imoukhuede is an accomplished professional and his positive footprints in the financial sector are in the public domain.… Continue reading THE KPMG INSURANCE CONFERENCE 2017.
In our previous post (click here to read), we examined the impact of loosening social ties on modern African societies. The situation in modern Africa today is literally “everyone for himself and God for us all”; the demands and rigours of living in the harsh modern economy means that most persons are unwilling or unable… Continue reading AS AFRICA’S SOCIAL TIES LOOSEN, TURN TO INSURANCE AS A SAFEGUARD. (Pt. 2)
AS AFRICA’S SOCIAL TIES LOOSEN, TURN TO INSURANCE AS A SAFEGUARD. It is now a well known fact that the close knit, communal relations which characterized many parts of Africa for centuries have been steadily eroded by the relentless march of modernisation, urbanisation as well as the increased burden of surviving under the harsh economies… Continue reading AS AFRICA’S SOCIAL TIES LOOSEN, TURN TO INSURANCE AS A SAFEGUARD. (Pt. 1)