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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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FG Boosts MSME Financing with NCGC Initiative

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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NCC Spotlights Renewable Energy on World Consumer Rights Day

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

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ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

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SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

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SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

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SEC DG: Digital Assets Represent $10tn Opportunity by 2030

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

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Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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FG Boosts MSME Financing with NCGC Initiative

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ICT

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

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SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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‘Insurance Sector Will Flourish in 2020’

Mr. O. S. Thomas
Acting Commissioner for Insurance
National Insurance Commission (NAICOM)

Mr. O. S. Thomas, the Acting Commissioner for Insurance, National Insurance Commission (NAICOM) has declared that the insurance sector will flourish in 2020.

Thomas said at the annual training programme for journalists in Kano that “2020 is a year to turn around the fortunes of the insurance industry in Nigeria. We shall continue to introduce reforms to achieve robust and sustainable growth of the industry.”

He listed some of the Commission’s 2020 targets to include right pricing of insurance products and services; deployment of technology; digitalisation of insurance businesses and effective collaboration with security agencies to enforce compulsory insurances. He also promised that the Commission will unveil the second phase of the Market Development & Restructuring Initiative (MDRI) very soon to further fast-track the growth potential of the market.

“NAICOM will make giant strides in all aspects of the market in 2020. The current recapitalisation exercise which has a deadline of December 31, 2020 will reposition the industry. We recognise the importance of financial inclusion to lift people out of poverty and that explains our policy on micro-insurance and takaful to achieve such purpose.”

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Topics

The Rise of $1bn e-Commerce Industry in Nigeria

According to Euromonitor International data, Nigeria boasts the largest online market for apparel and footwear in Africa, which is expected to grow from US$104 million in 2014 to $1billion in 2019. The building blocks for future developments in e-tailing are emerging in sub-Saharan Africa, as a growing middle class and young population create a demand for products that store-based retail simply cannot meet, due to a lack of shopping malls and gridlocked cities.

NGX, PenCom to Deepen PFAs’ Equity Participation with Pension Broad Index

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NCDMB: Court Affirms Mandate to Collect 1% NCDF in Oil/Gas Sector

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