THERE are indications that the Small and Medium Enterprises, SMEs, in Nigeria would be key beneficiaries of the recent executive orders rolled out by the Presidency for ease of doing business in Nigeria. Nigeria’s Acting President, Prof. Yemi Osinbajo, on May 18, 2017, signed three Executive Orders aimed at facilitating the ease of doing business,… Continue reading How Nigeria’s Presidential executive orders impact entrepreneurship.
The Nigerian Federal Government has said that it will ensure adequate insurance of its assets. Nigeria’s Minister of Finance, Kemi Adeosun, said this during the National Insurance Conference of the Insurance Industry Consultative Council with the theme: ‘Nigeria open for business’, in Abuja on Monday. Mrs Adeosun said, “Foreign investors have shown great interest… Continue reading Nigeria’s Federal Government moves to insure national assets.
Many SME businesses are unprepared for an event in which they need to make a claim, and may not have even considered whether they have the right level of cover until it happens, according to a Zurich expert. A great deal of SMEs do not think they will ever be faced with a claim, Neil… Continue reading Many SMEs unprepared for an Insurance claim.
In the internet age, the sharing economy and the popularity of apps like Uber – which allows users to hail a ride from their phone, usually within minutes – come hand-in-hand with a change in consumer expectations. When it comes to insurance, aggregators have long had an effect on the landscape and the means… Continue reading How have Uber, Airbnb affected insurance?
It is projected that the revenue in Nigeria this year for the internet of things would be about $93m. This was made known by the managing director of Ericsson Nigeria, Mr Rutgar Reman as published in Thisday of June 26, 2017. Quoting a report from the International Data Corporation, he also said “with a revenue… Continue reading NIGERIA’S INTERNET OF THINGS (IOT) REVENUE HITS $93 MILLION
The Annual Conference of the British Insurance Brokers Association (BIBA) was held recently at Manchester Central, United Kingdom from 10th to 11th May, 2017. Arguably, the largest gathering of insurance professionals in any part of the world, the Nigerian delegation which included the CEO of BSL Insurance Brokers Limited, Mr. Okey Odu was led by… Continue reading Conference Report: British Insurance Brokers Association (BIBA) 2017 Annual Conference, Manchester Central, United Kingdom
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