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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

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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 to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

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

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

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 Nigerian Guild of Editors Mourns Tukur Abdularahman

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Islamic Corp Partner China-Africa Fund to Boost Investment in Africa

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NSE Reveals Results of Biannual Review of Market Indices

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Fitch Affirms Helios Towers Nigeria at ‘B’; Outlook Stable

Fitch Ratings has affirmed telecom infrastructure group, Helios Towers Nigeria Limited's (HTN) Long term Issuer Default Rating (IDR) at 'B' with a Stable Outlook. HTN's rating reflects the political and macro-economic uncertainty of the Nigerian market (Nigeria, rated 'BB-'/Negative) as well as the company's revenue visibility and strong growth prospects.

Union Bank of Nigeria Completes Merger with Titan Trust Bank

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