The National Insurance Commission (NAICOM) has finalised arrangement to collaborate with a German Agency for the purpose of developing micro insurance in Nigeria .

Capital Express Assurance Limited has said that the company recorded gross premium of N1.89 billion in 2010 financial period.

Sovereign Trust Insurance Plc has paid out claims totaling N835.9 million in the last nine months between January and September 2011.

Stakeholders will tomorrow converge in Abuja to deliberate on the lingering housing crisis confronting the country since independence.

The Loya milk brand has been below the milk segment ladder over time, for this reason, Promasidor Nigeria Limited owners of the product embarked on a sales promo designed to deepen the brand’s visibility in the premium milk market, but Princewill Ekwujuru acknowledged it’s a step in the right direction, but yet there remains some questions to be answered by organisers of the promo.

Aiico Insurance Plc has said that the claims paid by the company in the first eight months of this financial year rose from N1.4 billion in 2010 to N2.44 billion in 2011 financial period.

The Association of registered Insurance Agents of Nigeria (ARIAN) said the war against fake insurance agents is a big war and it will continue to work in conjunction with NAICOM to ensure that the perennial societal problem of fake agents was eradicated.

Africa’s new scramble for oil is heading east, where the potential could be huge but the risks are far higher than in the well-established sector on the continent’s west coast.