Lasaco Assurance Plc recorded an underwriting profit of N139 billion in 2008 as against N835 million achieved in 2007. This represents a growth of about 67 per cent from the companyâ€™s core insurance business.Read More
Even with the expected peace in the Niger-Delta resulting from Federal Governmentâ€™s amnesty, insurers are still wary of the region. FBN Insurance Brokers CEO, Val Ojumah, an acclaimed international broker, advises local insurers should still stay away from the business in that region. Ostensibly for reasons of the special skills needed for the peculiar risks.Read More
NEM Insurance Ghana Limited on Friday last week commissioned its Ghana office with a promise to provide quality and speedy services to the public and as well become the insurer of choice for most Ghanaians.Read More
The National Insurance Commission (NAICOM) and the Pension Commission (PENCOM) have collaborated to deepen insurance penetration in the country.Read More
An early shot at the capital market just before the burst has shot SA Insurance to the list of most capitalised underwriters in the country. Current results released to shareholders last week shows a 264% growth in shareholdersâ€™ funds at N24billion from N6.3billion position in 2007.Read More
Royal Exchange Plc group announced a gross premium income of N3.3 billion in 2008 financial year.
The N3.3billion posted as at December 2008 was a significant increase from N2.7 billion the company generated in 2007. Expenses for the period leaped to N1.492 billion from N740.65 million the previous year, as a result of N1.16 billion management expenses which shareholders condemned in totality.
The federal government is making arrangement to settle the debts it owed local contractors in a bid to assist the ongoing reforms in the banking sector. The Minister of Finance Dr. Mansur Murhtar disclosed this at a press briefing organised by the Nigeria delegation to this yearâ€™s IMF/World Bank meeting in Istanbul Turkey.Read More
By Omoh Gabriel, Business Editor The 2009 IMF/World A nnual meetings came to a grand end ThursdayÂ in Istanbul Turkey with the election of Nigeriaâ€™s Minister of Finance, Dr Mansur Muhtar as the Chairman of the Bretton Wood Institution Board of Governors. Nigeria thus will over see the arrangement for the organisation of the 2010
Access Bank Plc, Africaâ€™s financial services brand of global reckoning, has undertaken the sponsorship of the broadcast of UEFA competitions to the Nigerian public for the current UEFA season.Read More
Managing Director/Chief Executive, Equitorial Trust Bank, Gbolahan Olukayode Folayan Bank has said investing in the of training of staff for optimal productivity is the priority in the bank.Read More