Wednesday, July 24, 2019
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NDIC solicits for speedy amendment of enabling Act


The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has appealed to the 9th Senate of the Federal Republic for the speedy passage of the NDIC Act, 2006 (as amended) currently before the National Assembly.

Shocker: PenCom indicts states' govt over nonremittance of N3.4bn pension contribution

The National Pension Commission (PenCom) has revealed that over N3.4 billion pension contribution fund deducted by states from employees’ salaries was yet to be remitted into the employees’ Retired Savings Accounts (RSAs).

Sovereign Trust Insurance tickles shareholders with rights issue


Barely days after Sovereign Trust Insurance Plc opened activities with its shareholders for the raising of additional capital to power its operations, indications are that the company may get raise more money that it set out to achieve.

Tope Smart : Behold the heir apparent


“Tope Smart’s successes in his chosen career; insurance, is not an everyday story, they are the results of a well planned, articulated and execute plan. If anyone had imagined that the fit which Tope accomplished in nurturing Vigilant Insurance Company into becoming the beautiful bride during the era of the last insurance consolidation exercise was just a fluke, the the towering and enviable heights to which NEM Insurance Plc has attained should be more of a conviction that strategy is one of the hallmarks of organisational success. Tope Smart plays the game of strategy and team work perfectly work. The outcome of his various endevours speaks well for him.”

Kari identifies fragmentation of financial sector as responsible for slow growth in insurance

As insurance companies in Nigeria struggle to improve in their market penetration, chief executive officer of the National Insurance Commission (NAICOM) Alhaji Mohammed Kari has attributed the staunted growth of insurance industry to what he described as a fragmented financial sector.

Tope Smart : Behold the heir apparent

Nigeria is to play host to insurance oractioners in Africa as the African Insurance Organization (AIO) concessioned the hosting rights of the 2010 edition of it’s annual conference to Nigeria. This year’s edition which was the 46th in the series was hosted by South Africa.

Insurers urge more Nigerians to embrace insurance for economic empowerment

A chieftain of the insurance industry in Nigeria, Mr. Oye Hassan-Odukale has harped on the relevance of insurance in Nigeria’s economic development saying that the principles and benefits of insurance must be adequately explored for the country to realize her full potentials.

Consolidated Hallmark Insurance braces up for recapitalization, strikes N6.9bn gross premium


In the facing of the looming hike min the share capital of insurance companies in the country, the managers of Consolidated Hallmark assurance Plc (CHI) has assured on the capacity of the company to raise the required capital base saying that the company is not in any form of threat.

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