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.

Lawyers to drive insurance growth, laws in Nigeria.

An interesting look at the role of Lawyers in enhancing insurance penetration as well as opportunities available to Lawyers in the Nigerian Insurance Industry.

Africa’s reinsurers’ premium may hit record high in 2018

The latest report from African Reinsurance pulse launched at the 22nd African Reinsurance Forum in Port Louis, Mauritius last week, indicated that the market is expected to benefit from strong underlying growth driven by an expansion of its primary markets with insurance premiums of $68 billion. Oil For 2018, the senior reinsurance and brokerage executives… Continue reading Africa’s reinsurers’ premium may hit record high in 2018

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 Central Bank Governor warns banks to guard against Key – man risk.

  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: Africa’s Insurance Market is a sleeping giant.

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.

How Nigeria’s Presidential executive orders impact entrepreneurship.

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.