insurance and pension news
Monday, May 12, 2025
Kindly leave a comment and share Section 68 of the Insurance Act (2003) makes it a criminal offence not to have a motor vehicle third-party insurance policy, and the penalty for non-compliance is imprisonment for one year, a fine of N250,000 or both. One does not leave home expecting to […]
Kindly leave a comment and share Chuks Udo Okonta Lasaco Assurance Plc is pleased to announce the successful listing of an additional 9.25 billion ordinary shares of 50 Kobo each on the Daily Official List of the Nigerian Exchange Limited (NGX). The listing follows the completion of a private placement […]
Kindly leave a comment and share BusinessToday Communications Limited the organisers of BusinessToday Annual conference and Exhibition has released the confirmed list of panelists for this year’s event. The event, will take place on the 3rd of April at the Ballroom of Oriental Hotel, Lekki, Lagos, by 10:00am with the […]
Kindly leave a comment and share Chuks Udo Okonta Insurance entities in Nigeria have been charged not to relinquish their position as continental leaders, but assert dominance in Africa under the African Continental Free Trade Area (AfCFTA). The Commissioner for Insurance and Chief Executive officer National Insurance Commission (NAICOM) Olusegun […]
Kindly leave a comment and shares Chuks Udo Okonta While celebrating the N1.17 trillion gross premium written as at third quarter of 2024, insurance operators have set a target of N5 trillion mark for the industry. The Chairman of Nigerian Insurers Association (NIA) Kunle Ahmed, who disclosed this at the […]
Kindly leave a comment and share Chuks Udo Okonta The African Continental Free Trade Area (AfCFTA) presents a transformative opportunity for Nigeria and insurance industry to expand into new markets, drive growth and create prosperity, the Commissioner for Insurance/ Chief Executive Officer, National Insurance Commission (NAICOM) Olusegun Omosehin, has said. […]
Kindly leave a comment and share Chuks Udo Okonta Prudence Foundation, the community investment arm of Prudential plc, in partnership with Prudential Zenith Life Insurance and the Nigerian Red Cross Society, recently announced the launch of the SAFE STEPS Road Safety Initiative—a landmark program designed to enhance road safety awareness […]
Kindly leave a comment and share Chuks Udo Okonta Unitrust Insurance has proudly announced the launch of its innovative UNIS chatbot, a groundbreaking digital solution designed to revolutionize customer engagement in the insurance sector. With customer convenience at the core of its operations, Unitrust Insurance is introducing this AI-powered chatbot […]
Kindly leave a comment and share Chuks Udo Okonta Rex Insurance has been lauded by the President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Prince Babatunde Oguntade, as a financially strong; reliable and trustworthy insurer worthy of patronage and support of the Broker Community in Nigeria. He made […]
Leave a comment and share Chuks Udo Okonta The Coordinating Director of Federal Inland Revenue Service, Nigeria, Olusanya Gbonjubola, has revealed that insurance premiums paid through insurance Brokers was about 90 per cent of the total insurance premium collected in year 2024, while insurance Companies contributed less than N20 billion […]
