Friday, December 6, 2019
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NAICOM approves Ademola Abidogun as Guinea Insurance MD

National Insurance Commission (NAICOM) has approved the appointment of Ademola A. Abidogun as the substantive Managing Director/Chief Executive Officer of Guinea Insurance PLC. The approval came in a letter dated 8th November 2019, captioned “Final Approval to Appoint Mr. Ademola A. Abidogun as the Substantive Managing Director/CEO of Guinea Insurance PLC.

NDIC stresss need for small savers to patronise deposit taking financial institutions


Nigeria Deposit Insurance Corporation (NDIC) has stressed the need for traders, artisans, farmers and other small savers to ensure that their monies are deposited in banks or other licenced deposit taking financial institutions nearest to them to avoid losses that could result from fire incidents, burglaries and other forms of crimes.

Insurance: NAICOM orders proceeds of recapitalization to be deposited with CBN

Determined to correct some anomalies of the previous insurance industry recapitalization exercise and to protect shareholders’ fund, the National Insurance Commission (NAICOM) said that recapitalization proceeds from insurance companies should be with the Central Bank of Nigeria (CBN) escrow account.

Insurers must see opportunities in the threat posse by digital era -- Efekoha

Insurance practitioners who gathered in Abeokuta, the Ogun State capital recently for the 28th edition of the Chartered Insurance Institute of Nigeria (CIIN) annual insurance professionals forum have resolved to leverage the opportunities presented by the digital revolution to deepen the insurance market’s penetration beyond its present level of 0.3 per cent.

Universal Insurance disowns ‘Standard Payment Investment’ Scheme

Universal Insurance Plc has disassociated itself from the “Standard Payment Investment Scheme” currently circulating in some social media purporting to collaborate with Universal Insurance in its bid to extort money from unsuspecting members of the general public in the name of investment for higher returns.

PTAD concludes N/West verification of Pensioners

The two- week verification exercise for Parastatal Pensioners by the Pension Transitional Arrangement Directorate (PTAD) in the North West has been concluded. The exercise which began on September 23, 2019 was concluded on October 4, 2019. There were four centers located in Arewa House and Dakhole Angels Multipurpose Centre Kaduna, Marhaba Event Place, Kano, and Hidima Conference Centre, Bodinga Road, Sokoto.

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