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News
Rex Insurance Meets NAICOM’s New Capital Requirement, Reinforces Financial Strength
10+ hour, 34+ min ago (143+ words) LEADERSHIP Newspapers Rex Insurance Meets NAICOM’s New Capital Requirement, Reinforces Financial Strength Rex Insurance Limited said it has met the new minimum capital requirement, prescribed by the National Insurance Commission (NAICOM) under the Nigerian Insurance Industry Reform Act (NIIRA) 2025, further…...
Stakeholders Seek Stronger Insurance Capacity To Deepen Oil, Gas Local Content
3+ week, 6+ day ago (349+ words) Stakeholders in the Nigerian insurance industry have called for a deliberate strengthening of Nigeria’s domestic insurance capacity, saying the country can only maximise the gains of its local content policy in the oil and gas industry when more risks are…...
NAICOM Hands Over African Alliance Insurance To New Board After 18 Months
1+ mon, 6+ day ago (632+ words) The National Insurance Commission (NAICOM) has formally handed over the management of African Alliance Insurance Plc to a newly constituted Board nominated by the company’s shareholders, bringing to an end an 18-month regulatory intervention aimed at rescuing the troubled insurer....
Insurance Firm Gets SEC Nod For N15.6 Rights Issue
1+ mon, 2+ week ago (312+ words) Great Nigerian Insurance Plc has received approval from the Securities and Exchange Commission to proceed with its proposed rights issue of 6 billion ordinary shares of 50 Kobo each at N2.60 per share. The rights issue, valued at N15.6 billion, is being offered on…...
Lack Of Public Understanding Keeps Nigeria’s Insurance Penetration Below 1% — Heirs
1+ mon, 3+ week ago (292+ words) Low public understanding is the main reason insurance penetration in Nigeria remains below 1 per cent, the managing director of Heirs Life Assurance, Niyi Onifade and general insurance MD, Wole Fayemi, have said. According to the duo, Nigeria’s insurance penetration remains…...
Expo Recognises Insurance Expert For HR Excellence
2+ mon, 20+ hour ago (331+ words) HR Expo Africa has recognised the General Counsel and Human Resources Director of AXA Mansard Insurance Plc, Omowunmi Adewusi, for her outstanding contributions to human resource excellence and her sustained impact on people-focused workplace practices. The recognition came in the…...
FX Losses Cut NEM Insurance’s Profit Amid N7.5bn Dividend
2+ mon, 2+ week 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
2+ mon, 2+ week 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
4+ mon, 6+ day 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
4+ mon, 3+ 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…...