Minister Urges E-Commerce Operators to Use Nipost’s 1500 Centres for Growth

By Oluwatosin Areo Minister of Communications, Barr Adebayo Shittu has advised e-commerce operators to leverage on the Nigerian Postal Service (NIPOST) 1, 500 centres for growth.Shittu said the centres, which are scattered across the nation would undergo some reforms that […]

Capitalising on new insurance opportunities in East Africa

Consolidation is taking place in the East African insurance market due to rising capital requirements and mergers with international firms that want to gain a foothold in the region. Ashok Shah, Group CEO of APA Apollo examines the opportunities this […]

Fire Incidents: Insurance companies paid N14billion claims

The nation’s insurance sector, through its underwriting firms, have disbursed the sum of N14 billion insurance claims to fire victims across the country. While majority of the claimants are corporate organisations, who had insured their office premises against fire out […]

Despite low profits, Law Union & Rock Insurance shares Dividend

Despite the economic headwinds that characterised the business environment in the past year, an underwriting firm, Law Union & Rock Insurance Plc (LUR), at the end of 2017 financial year, recorded a Profit Before Tax of N1.1 billion. This is […]

READ! How these composite insurers performed in 2017

No fewer than 13 licensed composite insurance companies in the nation’s underwriting sector recorded ₦106 billion as at December 31, 2017, worth of shareholders’ funds. The composite insurance license allows an organisation to underwrite both life and non-life (or general) […]

FBNInsurance achieves almost 100 percent in Gross Premium

FBNInsurance has released its financial report for the year ended December 31, 2017, as approved by the National Insurance Commission (NAICOM).The company’s Profit Before Tax (PBT) grew by 37 per cent from N3.11 billion in 2016 to N4.26 billion in […]