The mandatory group life insurance provided in the Pensions Act 2004 will now be expanded to cover disability during the life of the insured. This was part of the amendment being sought by operators into the existing law.

Allianz Global Corporate & Specialty (AGCS) has suggested that special war insurance policies be introduced to serve the needs of vessels that travel through areas at high risk of piracy. The report, “Piracy: An Ancient Risk With Modern Faces”, notes that “currently, many vessels are insured for piracy as part of their standard ‘hull and machinery’ insurance policies”.

Crystalife Assurance Company Limited has renewed its commitment to surpass the company’s performance in the second half of the year as the company takes stock of its progress in the first half of the year.

Chairman of the Nigerian Insurers Association, Mr Wole Oshin says the industry goals he set for himself on assumption of office is being achieved. He was reviewing his one year scorecard at the association’s annual general meeting in Lagos.

By Omoh Gabriel, Business Editor African   governments  with large foreign reserves in western banks have been urged to keep such reserves with African Financial Institutions (AFIs). The call was made by The President of the African Export Import Bank (Afreximbank), Mr. Jean-Louis Ekra, and the Assistant Minister of Finance and Development Planning of Republic of […]

Interswitch, an e- payment and switching company, has deployed Gemalto’s Dexxis Instant Issuance solution to to accelerate banks’ migration to its chip and PIN Verve paymnet card.

Two additional million aires last weekend emerged in the second raffle draw of Union Bank of Nigeria Plc on-going Savings Bonanza, bringing to four (4) the customers that have carted away the valued cash prize.

Ecobank Nigeria is set to boost its capital base by N45 billion following an injection of capital from its Togo-based parent company, Ecobank Transnational Incorporated (ETI), even as its gross earnings for the financial year 2008 jumped by 68 .62 per cent.

The Minister of Information and Communications, Professor Dora Akunyili, OFR, has said that Unity Bank Plc is growing from strength to strength and is a force to be reckoned with in the Re-branding of Nigeria campaign.

ALL roads led to the sleepy town of Epe in Lagos State Thursday last week as people from far and near converged at the Epe General Hospital for a special event never before witnessed within the environs. It was the official dedication of the NNPC/Chevron Joint Venture medical incinerator project built in partnership with the Lagos State government.