Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele on tuesday identified key-man risk in the banking sector as a huge challenge, just as he advised financial institutions to guard against it. Mr Emefiele pointed out that while appreciable momentum had been attained in corporate governance practices in the Nigerian Banking industry, the regulators… Continue reading Nigeria’s Central Bank Governor warns banks to guard against Key – man risk.
KPMG Head of Insurance for East Africa James Norman has described Africa’s hugely unexploited insurance market as a sleeping giant. According to him, there is a real buzz about the sector because of its plentiful or enormous opportunities. “There’s a real buzz about the sector because opportunities are immense,” he says. “There’s a young population,… Continue reading KPMG: Africa’s Insurance Market is a sleeping giant.
David Hung certainly knows a thing or two about building companies. Now the CEO of Axovant, a company that has a shot to launch the first new Alzheimer’s drug in 15 years, Hung had previously founded Medivation, a cancer drugmaker that Pfizer bought for $14 billion in August 2016. Since Hung joined Axovant in April,… Continue reading Serial entrepreneur who sold his last company for $14 billion explains what it takes to build a company
The Nigerian Federal Government’s annual pension liabilities will rise to above N474.12bn if the Nigeria Police Force (NPF) and other paramilitary organisations are allowed to exit the Contributory Pension Scheme, findings have revealed. A bill to amend the Pension Reform Act 2014 that will lead to the exclusion of members of the NPF, the Nigerian… Continue reading Nigerian Federal Government’s annual pension liabilities may exceed N474.12bn
Nigeria’s insurance sector paid over N100 million as fraud claims to five Nigerian banks in 2015. Nigerian Insurers Association (NIA) disclosed this in a report obtained by Financial Vanguard. The banks include Ecobank Plc, which received over N15 million claims from Custodian & Allied Insurance; Wema Bank Plc, received over N29.97 million from Great Nigeria… Continue reading Nigeria’s Insurers pay N100m as fraud claims to 5 banks.
Much has been written on what leaders should and shouldn’t do. Having read almost every notable article on the topic, the natural question to ask was, “What next?” Though full of perennial wisdom—knowledge that even those who don’t study leadership would know—something was missing. The aha moment came: if everything leaders were being told… Continue reading 7 Outrageous Things Every Leader Should Do
INSURED victims of floods that ravaged some parts of Lagos State recently are already filing their claims, even as insurance companies paid N168.44 million claims on flood mishaps in 2015. Chairman of Nigerian Insurers Association (NIA), Mr. Eddie Efekoha, said that the insured victims have started turning in their claims to the insurance companies… Continue reading 2017 Flood victims file claims as insurers pay over N168m for 2015 floods.