53 Insurance Companies Expend N116bn On Management From N324bn Income

Fifty three insurance companies in Nigeria expended a whooping N116 billion on their respective management, translating to 40 per cent of their premium income of N324 billion made in the last financial year, inside sources reveal. This happened while some of the affected insurance firms had not given good returns on investment to their respective… Continue reading 53 Insurance Companies Expend N116bn On Management From N324bn Income

Nigeria’s Federal Government Inaugurates Insurance Roadmap for Farmers.

The Nigerian Federal Government has inaugurated a road map to guide farmers in insuring their crops. According to the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, the road map will help ensure food security across the country with farmers insuring their crops and obtaining financial support in the event of occurrence of any… Continue reading Nigeria’s Federal Government Inaugurates Insurance Roadmap for Farmers.

30 Electronics shops destroyed in Calabar market fire.

A devastating fire recently wreaked havoc in an electronics market. Hopefully, their owners purchased appropriate insurance policies. New Post! Read, Comment & Share!!!

Emir Sanusi launches Nigeria’s first Islamic insurance Company.

The Emir of Kano, Malam Muhammad Sanusi II, on Monday in Kano, launched the first Islamic insurance Company in Nigeria, tagged ‘Jaiz Takaful Insurance’. The Emir said at the event that the introduction of the system in Nigeria was a welcome development, especially as it would contribute towards boosting the country’s economy. According to him,… Continue reading Emir Sanusi launches Nigeria’s first Islamic insurance Company.

Sub-Saharan Africa to grow at a slower rate this year, World Bank says

The economy of sub-Saharan Africa is seen growing more slowly this year than previously forecast, largely due to weak investment and productivity, the World Bank said on Wednesday. In a report, it forecast growth in the region to be 2.4 percent in 2017, down from the 2.6 percent that it projected in April. But growth… Continue reading Sub-Saharan Africa to grow at a slower rate this year, World Bank says

Nigeria’s Federal Government moves to insure national assets.

  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.