FUNDS & Electronic Transfer Solutions Limited (FETs), one of the 21 mobile payment operators licensed by the Central bank of Nigeria (CBN), has announced plans to boost its agent network across the country, as part of its determination to reduce the percentage of Nigeria’s unbanked population.

WITH matured markets and intense competition in the developed economy, foreign companies have began to throng the country’s insurance sector for virgin market.The nation’s insurance industry in the last few years has been largely shaped by the influx of foreign investors, and growing enquiries by many others to own equity stake in local operators.

THE Nigerian Insurers Association (NIA) is currently discussing with the Central Bank of Nigeria (CBN) and Nigeria Customs Service (NSC) on plans to increase insurance companies’ participation in marine insurance.

Number one, you cannot perform better than your level of your knowledge and understanding. The regulators – the stock exchange and SEC – are doing extremely low in bringing enlightenment required to the local investors. I keep saying this; for as long as the stock exchange continues to go overseas looking for foreign investors, they will continue to miss it. As a matter of fact, it is waste of resources.

NATIONAL Insurance Commission, NAICOM, has given two weeks ultimatum to Linkage Assurance Plc to forward a name to the Commission to replace the Managing Director designate of the company, Dr. Pius Apere.

HEAVY transactions recorded last week on the shares of Zenith International Bank Plc, Champion Breweries Plc and Diamond Bank Plc drove the volume traded on the Nigerian Stock Exchange, NSE.

Stanbic IBTC Holdings Plc has announced the appointment of Yinka Sanni as its Chief Executive. Dr. Demola Sogunle has also been named Chief Executive, Stanbic IBTC Bank Plc. Sanni takes over from Sola David-Borha, who has been appointed Chief Executive, Rest of Africa, Standard Bank Group.

THERE is a need for microfinance institutions to spearhead the drive for financial literacy and inclusion in the country so as to harness the untapped potential of individuals and businesses currently excluded from the formal financial sector, enabling them develop their capacity to engage in income generating activities.

AN expert has said that employing scientific models in investigating occurrences is key and useful in making safety recommendations intended to prevent accident, thereby securing investment and resources.

Ghana’s insurance market value will reach US$600 million in 2018, from $400million in 2014, based on a projected annual growth rate of 8.5 per cent, the 2017 edition of the Oxford Business Group Report has shown.