Recapitalisation: Labour Ministry charges banks to protect workers
By Victor Ahiuma-Young & Omotola Aremo The Federal Ministry of Labour and Employment has cautioned banks and insurance companies against allowing workers to bear the brunt of the ongoing recapitalisation and restructuring in the financial sector. The Ministry made the call during the 2026 World Day for Decent Work celebration organised by the Association of […]
Insurers owe Dangote Group over N400m
PRESIDENT/Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote has said that two insurance companies have refused to pay about N400 million claims being owed subsidiaries of the Group since 2016.
AMEN seeks FG’s intervention to stop SMEDAN evacuation notice
THE Association of Micro Entrepreneurs of Nigeria (AMEN) has called on the federal government to intervene in an issue concerning the evacuation notice issued to them by the authorities of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) on January 29, 2018. The President of AMEN, Mr. Fredrick Nwokeleme made this call on Friday during a press briefing in Lagos.
‘IBAI to extend insurance coverage to over 3m farmers’
THE National Insurance Commission, NAICOM, has said that the Index Based Agricultural Insurance, IBAI, will expand insurance products for agricultural lending from the current coverage of 0.5 million to 3.8 million agricultural primary producers.
Linkage Assurance, varsity harness talent for insurance industry
LINKAGE Assurance Plc in collaboration with the Niger Delta University (NDU) has commenced moves to harness exceptional talents for the nation’s insurance industry.
Rise in cost of funds to persist as CBN mops up N275bn
THE sharp increase in cost of funds in the interbank money market last week will persist this week, following the N275 billion liquidity mop up by the Central Bank of Nigeria (CBN).
