NDIC Nominated for Regulatory Agency of 2024 Award

The world’s nine biggest insurance companies will have to hold more capital under new rules just finalised by global regulators that aim to prevent taxpayer bailouts of the industry in a crisis. Regulators decided to look at the multi-trillion dollar insurance industry following the massive public rescue of insurer AIG in the United States during the 2007-2009 financial crisis.

Mark Zuckerberg just dropped a big clue about Facebook's future. The social network's founder and CEO believes that one day, we'll be able to share our thoughts directly -- brain to brain --using technology. "You'll just be able to think of something and your friends will immediately be able to experience it too if you'd like," Zuckerberg said. "This would be the ultimate communication technology." He made his comments during a public Q&A session on hisFacebook (FB, Tech30) page on Tuesday afternoon. The response was addressed to a user who asked about Facebook's long-term plans. In the past decade, the company has expanded the way users communicate on the platform. First there were plain profile pages. Next came comments, and then the Wall, Likes, Groups and News Feed.

As stakeholders in Nigeria commemorate 20 years of telecoms...

Ecobank Nigeria says the ongoing “Fela Kuti: Afrobeat Rebellion”...

This is the story of a national titan, who offered service to the nation for over 40 years. In these years, in keeping with the social responsibility philosophy of its establishment, “WT” (Whisky Tango), as it was fondly recognised in the global aviation circle, flew daily sorties in addition to scheduled operations to advance the aspirations of a new nation. Between 1960 – 1975, Nigeria Airways announced, publicised and projected the image of a new independent black African nation. From Europe to America, from Africa to Middle/Near East, the Nigerian flag flew on WT. It not only brought pride to the nation and its people, but also raised their profile globally at a time when very few nations of the world were in the global air space.

Insurers who are able to innovate when it comes to the design and delivery of products and services will not only be fostering greater loyalty amongst their consumers, but they will also be helping to change the perception that the insurance industry is still playing catch up.

We are pleased to announce that the Central Bank...

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