Industrial and General Insurance Plc (IGI) has announced that it paid more than ₦1.8 billion in claims to policyholders over the past year, reaffirming its commitment to rebuilding public trust …
Insurance
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BusinessEconomyFinance & ServicesGOVERNMENTInsuranceINVESTMENTNewsNigeria
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AfricaBusinessCyber securityInsuranceSecurity
Cyber Insurance: Is Your Business Financially Protected Against a Hack?
Cyberattacks are no longer a matter of “if” but “when.” Businesses of all sizes face unprecedented digital risks. The threats are constant and evolving. While robust cybersecurity measures are your …
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Banking, Finance & InvestmentFinance & ServicesInsuranceINVESTMENTManufacturing & Consumer GoodsMarketsNigeriaOil & Gas
Nigerian Stock Market Starts Week With N8bn Dip Despite Higher Trading Volume
The Nigerian Stock Exchange (NGX) opened the new trading week on a slightly negative note, shedding ₦8 billion in market value on Monday, May 20, 2025, despite improvements in trading …
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BusinessBusiness InsightsFinance & ServicesInsuranceLeadershipNigeria
Enterprise Life Nigeria Appoints Nelson Akerele as New Managing Director
Enterprise Life Assurance Nigeria has announced the appointment of Nelson Akerele as its new Managing Director, succeeding Mrs. Funmilayo Omo, who stepped down after five years of leading the firm. …
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Business InsightsEconomyFinance & ServicesFintechInsuranceINVESTMENTNigeria
Less Than 2 Million Nigerians Buy Insurance Yearly – Stakeholders Raise Alarm at Investment Summit
Industry experts and financial stakeholders have revealed that fewer than two million Nigerians buy insurance policies annually, a figure that highlights a deep gap in coverage and awareness within the …
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BusinessDevelopmentGOVERNMENTInsuranceSales Strategy
Insurance Regulator Urges Data-Driven Risk Management for National Growth
The Commissioner for Insurance and CEO of the National Insurance Commission (NAICOM), Mr. Olusegun Omosehin, has called on public and private institutions in Nigeria to adopt a data-driven and proactive …
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AgricultureBusinessInsuranceLeadership
Florence Onwanuokwu Takes Over as Acting MD/CEO of Nigerian Agricultural Insurance Corporation
The Nigerian Agricultural Insurance Corporation (NAIC) has announced the appointment of Mrs. Florence Onwanuokwu as its new Acting Managing Director and Chief Executive Officer. Her appointment follows the completion of …
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The insurance team of the Nigeria Liquefied Natural Gas (NLNG) is making moves to understand more about energy and special risk insurance policies, especially as the energy sector continues to …
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BusinessCyber securityInnovationInsuranceTechnology
Insurers, Tech Leaders Urged to Drive Ethical AI Adoption in Nigeria
As artificial intelligence (AI) keeps transforming industries globally, Nigerian insurance firms and Chief Information Officers (CIOs) have been advised to lead in adopting the technology ethically and strategically. At the …
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DevelopmentEconomyEducationFinance & ServicesInsurance
FRC, NADP lament dearth of actuarial professionals
The Financial Reporting Council of Nigeria (FRC) and the Nigerian Actuarial Development Programme (NADP) have raised alarm over the shortage of actuarial professionals in the country. This was discussed during …