Nigeria’s financial inclusion reaches 79% — EFInA
By Matthew Johnson The Enhancing Financial Inclusion and Advancement (EFInA) has released its ninth Access to Financial Services in Nigeria (A2F) Survey, showing that 79% of Nigerian adults use a financial product or service. Formal inclusion reached 73%, exceeding the 70% target under the National Financial Inclusion Strategy. EFInA’s Board Chair, Dr Agnes Olatokunbo Martins, […]
AXA Mansard int’l health plan covers cancer, other chronic conditions
By Rosemary Iwunze AXA Mansard Health’s International Healthcare Plan, iMED, offers Nigerians access to comprehensive medical coverage for cancer, as well as critical medical procedures such as organ and bone marrow transplants, and international emergency medical assistance at leading healthcare facilities in Nigeria, the United States, the United Kingdom and Dubai. According to estimates by […]
We have settled over N2bn in outstanding claims – Fortis Global
By Rosemary Iwunze The Acting Group Chief Executive Officer, CEO, of Fortis Global Group, Mr. Bode Akinboye has said that the company has paid out over N2 billion to retail customers as claims backlog. Akinboye who disclosed this during a chat with insurance journalists, stated that the company is stable to offset all outstanding claims. […]
Five PFAs control pension market, account for 54% of new RSAs
•States still foot-dragging on CPS implementation By Rosemary Iwunze Five Pension Fund Administrators, PFAs, out of 18 licensed operators accounted for 54.41 per cent of new Retirement Savings Account, RSA, registrations in the first quarter of 2026, Q1’26, indicating continued concentration in Nigeria’s pension market. According to the Q1’26 industry report released by the National […]
Heritage bank depositors demand full payment, seek FG, CBN, NDIC intervention
By Matthew Johnson After more than two years of closure, aggrieved depositors of the defunct Heritage Bank have called on the Federal Government (FG), the Central Bank of Nigeria (CBN), and the Nigeria Deposit Insurance Corporation (NDIC), to enforce immediate payment of their legitimate funds trapped in the failed bank, saying prolonged delays have subjected […]
Lawyers rally support for Tax Ombud’s drive to increase tax compliance
Nigerian lawyers have reaffirmed the pivotal role of taxation as a major source of government revenue for infrastructure development and the provision of social services, throwing their weight behind the voluntary tax compliance drive being championed by the Office of the Tax Ombud. This was a central theme of a panel discussion titled “Pay Now, […]
