10 results
- 5 Aug 2026
NAICOM Revokes Nigeria Reinsurance’s Licence over Failure to Meet MCR
National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation over its failure to meet the statutory Minimum Capital Requirement (MCR). It has appointed…
- 15 Aug 2024
Senate Proposes N50m Fine for Unlicensed Insurance Firms
The Senate has proposed a fine of N50m to the principal officers of insurance companies operating without valid licenses or that they be sentenced to a two-year prison term or both. It proposed this…
- 10 Aug 2026
FG Suspends NAICOM’s N680m Insurance Recapitalisation Fees
Federal Ministry of Finance has halted enforcement of about N680 million in disputed fees imposed by the National Insurance Commission (NAICOM) on NICON Insurance Limited and Nigeria Reinsurance…
- 29 Sept 2021
IFC, Africa Re Partnership Boosts Insurer’s Capacity to Underwrite Agribusiness
Insurance Companies in Nigeria and Africa have acquired capacity to underwrite agribusiness towards the support for food security in the continent following a partnership deal between Africa…
- 1 Jan 2019
NSE Expels Diamond Bank, Others from Corporate Governance Index
Nigerian Stock Exchange (NSE) has removed Diamond Bank Plc, Continental Reinsurance Plc and NEM Insurance Plc from its Corporate Governance Index. The NSE, in a statement on Monday, said the…
- 23 Feb 2009
Intercontinental Bank Gets $100M Credit Line from AFDB
African Development Bank Group (AFDB) has approved the sum of $100million Line of Credit (LoC) to Intercontinental Bank Plc to finance small and medium sized enterprises (SMEs). The Company for…
- 3 Jun 2015
SAP Supports 4th HR Leaders in Africa Forum
Market leader in enterprise application software, SAP West Africa has been announced Silver Sponsor of this year’s HR Leaders in Africa Forum. An annual event, HR Leaders Africa Forum 2015 which is…
- 15 Jun 2010
Insurance and Banking in Nigeria: Any Relationship?
Under the financial services sector, banks and insurance companies fall within the same tripod, alongside the capital market. As the Central Bank of Nigeria continues in its reform of the banking…
- 24 Nov 2023
Firm Unveils Cutting-edge FinTech App, to Pave Way for Financial Empowerment
In a momentous event that brought together leaders, innovators, and stakeholders in the world of finance and technology, Curnance, the international FinTech powerhouse, unveiled its highly…
- 22 Feb 2010
Expert Canvasses Further Down-sizing of Insurance Firms
As the financial sector continues to reap the gains of consolidation initiated by the Charles Soludo- led Central Bank of Nigeria (CBN) insurance stakeholders are agitating for further down-sizing of…