Performing within the one percent space

Many business analysts have continued to see the dim light of the insurance industry in Nigeria and often wonder why it is underperforming when compared to other sectors or climes, especially looking at the contribution to our Gross Domestic Product (GDP). While it may be easy to allude to the negative impact of the COVID-19 […]

Reps probe NNPC’s $100m insurance policy on non-existing assets

BY: Moses olajuwon Obajemu The House of Representatives is worried over a $100 million insurance policy taken by the Nigerian National Petroleum Corporation (NNPC) and Joint Ventures (JVs) for non-existing assets overseas. Darlington Nwokocha, chairman, house committee on insurance & actuarial matters, expressed sadness over the matter when the committee flagged off and presided over […]

NAICOM approves two new takaful insurance firms for take off

The National Insurance Commission (NAICOM) has granted approval in principle (AIP) to two new firms. A statement issued by Rasaaq Salami, head, corporate affairs of the Commission, revealed the names of the firms as Cornerstone Takaful Insurance Company Ltd and Salam Takaful Insurance Company Ltd. The companies will operate as composite Takaful operators to transact […]