News
FX Losses Cut NEM Insurance's Profit Amid N7. 5bn Dividend
2+ week, 1+ day ago (404+ words) NEM Insurance Plc has attributed the decline in its profit after tax for the 2025 financial year to foreign exchange losses, despite recording significant growth in premium income and approving a dividend payout of N7. 525 billion for shareholders. Speaking at the company's…...
Four Years Without Pirate Attacks Has Reduced Shipping Insurance Costs " NIMASA DG
1+ week, 3+ day ago (453+ words) Director General of the Maritime Administration and Safety Agency (NIMASA) Dr. Dayo Mobereola The Nigerian Maritime Administration and Safety Agency (NIMASA) on Tuesday said Nigeria's sustained record of zero pirate attacks in its waterways over the past four years has…...
Guinea Insurance To Raise N5. 8bn Through Rights Issue, Targets Expansion, Value Creation
2+ mon, 23+ hour ago (236+ words) LEADERSHIP Newspapers Guinea Insurance To Raise N5. 8bn Through Rights Issue, Targets Expansion, Value Creation Guinea Insurance Plc has stated its intention to raise N5. 8 billion through rights issue, aiming to scale up operations, drive innovation, and deliver greater value to shareholders. Speaking…...
SUNU Assurances Forecasts N1. 11bn Profit For H1
2+ mon, 2+ week ago (349+ words) SUNU Assurances Nigeria Plc has projected a profit after tax of about N1. 11 billion for the half-year period ending June 30, 2026, according to its earnings forecast released to the market. The insurance firm expects to generate N8. 48 billion in insurance revenue during the…...
Insurance Commission Grants 2 Months Waiver For Underwriters On Reinsurance Treaties Approval
4+ mon, 3+ week ago (306+ words) LEADERSHIP Newspapers Insurance Commission Grants 2 Months Waiver For Underwriters On Reinsurance Treaties Approval The National Insurance Commission (NAICOM) has granted two months moratorium to underwriters across the country to get final approval on their reinsurances whose commencement date annually had…...
Efekoha: Turning Passion For Insurance Profession Into Business Success
4+ mon, 4+ week ago (430+ words) One of the few owner-manager still left in insurance space in Nigeria, he has evolved Consolidated Hallmark Insurance(CHI) Limited(formerly Plc) into a Hold Co, birthing about five subsidiaries under his guidance. They include, Consolidated Hallmark Insurance Limited, CHI…...
Guinea Insurance Assures Regulator Of Plans To Recapitalise
5+ mon, 2+ day ago (300+ words) LEADERSHIP Newspapers Guinea Insurance Assures Regulator Of Plans To Recapitalise The board and management of Guinea Insurance Plc recently paid a strategic courtesy visit to the National Insurance Commission (NAICOM), where they were received by the commissioner for Insurance and…...