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 …
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    BusinessEconomyFinance & ServicesInsuranceNewsNigeriaNigeria’s Insurance Industry Premium Hits ₦1.56tn in 2024The 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 … 
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    BusinessDevelopmentEventsInsuranceNewsCIIN, Insurance Stakeholders Walk the Streets of Lagos to Begin 2025 Insurance WeekThe 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, … 
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    DevelopmentEconomyEducationFinance & ServicesInsuranceNigeria Moves to Close Actuarial Gap Amid RisingWith 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 … 
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    Banking, Finance & InvestmentFinance & ServicesGOVERNMENTInsuranceKenyaSecurityCourt Clears Wells Fargo of Blame in KSh 47 Million Heist Involving Equity BankThe 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 … 
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    Banking, Finance & InvestmentEastern AfricaInsuranceKenyaSecurityTransportation & LogisiticsCourt Clears Wells Fargo in ₦253 Million Moyale Heist Case, Blames Equity Bank for Security LapsesA 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 … 
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    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 … 
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    GOVERNMENTInsuranceLabourPoliciesNAICOM, Civil Service Office Hold Workshop on Group Life Assurance PolicyThe 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. … 
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    BusinessEconomyFinance & ServicesInsuranceTechnologyEx-Hilal Takaful Boss Urges Insurance Firms to Collaborate on AI InvestmentThe 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 … 
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    Banking, Finance & InvestmentEconomyFinance & ServicesInsuranceMarketsNigeriaOil & GasNigerian Stock Market Gains N1.18tn in One Day as InsuranceThe 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 …