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Shareholders Bemoan Foreign Acquisition of Indigenous Insurance Firms

Anthony Awunor, THEWILL -
The Independent Shareholders Association of Nigeria (ISAN) has described as pathetic the acquisition of local insurance firms by foreign conglomerates under the aegis of Foreign Direct Investment (FDI), saying it portends bad omen for sustainable growth of the Nigerian...
News

Consumer Association Rejects 200% Hike In Third-Party Motor Insurance

Aina Ojonugwa, THEWILL -
January 02, (THEWILL) – The Insurance Consumers Association of Nigeria (INSCAN) has asked the National Insurance Commission (NAICOM) to reverse its directive on the increase of third-party Motor Insurance Premium in Nigeria. NAICOM recently issued a policy directive on the...
News

Insurance Assets Hit N2.3 Trillion In Q2 – NAICOM

THEWILL -
October 13, (THEWILL) – Nigeria’s insurance industry’s total assets grew to about N2.3 trillion in the second quarter of 2022, indicating an increased growth rate of 11.9 per cent over the first quarter. The National Insurance Commission (NAICOM) made this...
Business

Experts Seek Review of 5% Shareholding Funds in Aviation Insurance

Anthony Awunor, THEWILL -
Stakeholders in the nation's insurance industry have called on the National Insurance Commission (NAICOM) to review the current regulation, which limits total insurance cover for aviation at the maximum of 5 per cent shareholding funds. As specified in the...
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NewsAmos Okioma, THEWILL -

IYC Committed To Peaceful Resolution Of Eruani, Daukoru Dispute – Ayebakuro Itari

The Ijaw Youth Council has waded into the dispute between Dr Azibapu Eruani and Mr Kariyai Daukoru with...
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