About 70 per cent of Nigerians do not have any form of insurance coverage, according to the Nigerian Council of Registered Insurance Brokers (NCRIB). This figure was revealed by Ojo …
Insurance
-
BusinessEconomyFinance & ServicesInsuranceNewsPolicies
-
BusinessEconomyFinance & ServicesInsuranceNewsNigeria
Nigeria’s Insurance Industry Premium Hits ₦1.56tn in 2024
The Nigerian insurance industry recorded strong financial growth in the 2024 financial year, with gross written premium (GWP) rising by 56 per cent to ₦1.56 trillion, up from ₦1.00 trillion …
-
BusinessDevelopmentEventsInsuranceNews
CIIN, Insurance Stakeholders Walk the Streets of Lagos to Begin 2025 Insurance Week
The Chartered Insurance Institute of Nigeria (CIIN), in partnership with key stakeholders in the insurance industry, began the 2025 Insurance Week with a public awareness walk in Lagos on Saturday, …
-
DevelopmentEconomyEducationFinance & ServicesInsurance
Nigeria Moves to Close Actuarial Gap Amid Rising
With fewer than 30 qualified actuaries for a population of over 200 million, Nigeria has launched an ambitious national effort to bridge the wide actuarial skills gap threatening the country’s …
-
Banking, Finance & InvestmentFinance & ServicesGOVERNMENTInsuranceKenyaSecurity
Court Clears Wells Fargo of Blame in KSh 47 Million Heist Involving Equity Bank
The High Court in Kenya has ruled in favour of Wells Fargo Limited, dismissing a KSh 23.4 million claim filed by Equity Bank Kenya Plc over the theft of KSh …
-
Banking, Finance & InvestmentEastern AfricaInsuranceKenyaSecurityTransportation & Logisitics
Court Clears Wells Fargo in ₦253 Million Moyale Heist Case, Blames Equity Bank for Security Lapses
A Kenyan High Court has ruled in favour of security firm Wells Fargo Limited in a case involving the theft of KSh 47 million (about ₦253 million) during a 2019 cash …
-
The National Insurance Commission (NAICOM) has welcomed a high-level delegation from the Central Bank of The Gambia as part of efforts to deepen regulatory collaboration and improve knowledge sharing in …
-
GOVERNMENTInsuranceLabourPolicies
NAICOM, Civil Service Office Hold Workshop on Group Life Assurance Policy
The National Insurance Commission (NAICOM) and the Office of the Head of the Civil Service of the Federation have jointly organised a workshop on Group Life Assurance Policy in Abuja. …
-
BusinessEconomyFinance & ServicesInsuranceTechnology
Ex-Hilal Takaful Boss Urges Insurance Firms to Collaborate on AI Investment
The former Managing Director of Hilal Takaful Insurance, Mrs. Thaibat Adeniran, has called on Nigerian insurance companies to collaborate as a consortium to reduce the financial burden of adopting artificial …
-
Banking, Finance & InvestmentEconomyFinance & ServicesInsuranceMarketsNigeriaOil & Gas
Nigerian Stock Market Gains N1.18tn in One Day as Insurance
The Nigerian Exchange (NGX) closed strong on Wednesday, 19 June 2025, with investors showing renewed interest in insurance and oil and gas stocks, pushing the market capitalisation up by ₦1.18 …