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Wake up call on African Insurance Practitioners

The African insurance industry has for too long assumed that they know what their customers wanted rather than taking the pains to find out from them what they actually needed. Patience Saghana who was at the 36th African Insurance Organsation (AIO) held at Dar Es Salaam, Tanzania reports that participants resolved to now market the industry services to customers rather than just selling of insurance products to them.

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Lagos Seals Five Firms over Tax Evasion

The Lagos State Internal Revenue Service (LIRS) has sealed-off premises of five companies for allegedly evading tax to the tune of over N100 million. The News Agency of Nigeria (NAN) reports that the companies were sealed for not remitting their tax liabilities from 2000 to 2007 to the coffers of the state government.

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