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Business

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

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

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

The Honourable Minister of Finance and Coordinating Minister of...

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

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

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

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

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

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

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

Sovereign Trust Insurance Plc has been actively involved in...

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

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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

The Honourable Minister of Finance and Coordinating Minister of...

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

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

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

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

The Securities and Exchange Commission (SEC) has unveiled plans...

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

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

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

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

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

Sovereign Trust Insurance Plc has been actively involved in...

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

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

Niger Insurance Reports N593m Profit, Plans New Business Model

Niger insurance Plc has reported operating profit of N593 million in the 2018 financial year while gross premium written was N4.4 billion. The company also recorded gross premium income of N5.2 billion in the period under review.

Dr. Stephen Dike, the Chairman of Niger insurance Plc said at the company’s 49th Annual General Meeting (AGM) in Lagos that Niger Insurance is working judiciously and diligently to meet the new capital requirement set for operators in the industry by the National Insurance Commission (NAICOM).

“We are exploring an optimal mix of funding options including rights issue, private placement, merger and or acquisition to achieve our recapitalization goal. The Board is in discussion with potential investors who will not only bring in capital but also technical expertise.”

Dike said the company is also planning a transformational drive to drive its goal of sustainable growth and profitability through key areas of focus such as:

  • Strengthening and realigning business model
  • Strengthening balance sheet through aggressive and strategic recapitalisation
  • Reorganising and strengthening workforce for effective leadership
  • Strengthening and institutionalizing a strict corporate governance framework

Mr. Edwin Igbiti, the Managing Director/CEO of Niger Insurance Plc said the company has already developed a five-year transformation plan (2020-2024) to achieve three main priorities: strengthen balance sheet, strengthen its people and strengthen its business model.

“I understand that this transformation journey will not always be easy and we will probably encounter a few bumps along the way. However, l am confident that our unity of purpose, strong leadership and support across key stakeholder groups will stand us in good stead”

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NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

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NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

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Topics

Lloyd’s Launches Crypto-currency Wallet Insurance Policy

Lloyd’s has launched a insurance policy to protect crypto-currency...

Ecobank Nigeria Encourages Customers to Obey COVID-19 Rules

  Ecobank Nigeria has encouraged its customers to obey the...

MTN Foundation Invests N18bn to Empower Communities

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Stanbic IBTC Bank PMI: New Order Growth at 7-month Low in June

June data signaled a broad stagnation of the Nigerian...

Stanbic IBTC: Business Conditions Improve as Demand Strengthens

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Embracing Insurance Ecosystems: Key to Thriving in Today’s Evolving Market

  By Emeka Akwiwu Executive Director Continental Reinsurance Plc At the recent 5th...

Linkage Assurance Reports N8.3bn Premium in 2020

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Broadband-N400bn GDP Growth Dividend for Nigeria

Nigeria is set to reap Gross Domestic Product (GDP) growth dividend of over N400 billion via Broadband by 2018 if the various stakeholders in the ICT industry get their acts together. Mr. Mathew Willsher, Chief Executive Officer, Etisalat Nigeria, painted the rosy picture at the Commonwealth Broadband Forum 2015 hosted by the Nigerian Communications Commission (NCC) in Abuja. “Broadband is clearly no longer just a service but a critical economic enabler. It is therefore important that all stakeholders take necessary action to ensure that Nigeria’s Broadband is developed to its full potential.
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