First Bank named Nigeria’s strongest brand in 2026 by Brand Finance
First Bank, West Africa’s premier financial institution and financial inclusion service provider, has been recognised as the strongest brand in Nigeria in the “Nigeria 25 2026” ranking by Brand Finance, a leading independent brand valuation and strategy consultancy. The Bank achieved an AAA+ rating, the highest possible distinction, underscoring its unmatched brand strength and leadership […]
Microfinance bank more expensive to operate than Commercial bank — MD, Supreme MfB
Loan recovery is a very major challenge in the Microfinance Bank, MfB, sub-sector. It is not just microfinance, but in the entire banking industry. The stress and distress in the economy have made so many things to be abnormal and thereby made people to be unable to pay back loan.
Nigeria has deep cultural issues affecting insurance growth — CIIN boss
We are having a programme early next year. It is a business outlook and we are getting an expert who will analyze the insurance opportunities that are in the 2018 budget. The issue is that insurance penetration is dependent on insurance enlightenment and in as much as we have over 180 million people, we have a duty to ensure that they know about insurance.
Insurers should create products that customers need — COO, AIICO
If you look at the results of most insurance players over the past nine months you could see an increase for the entire industry largely on the non-life business. Most of that is driven by oil while some is driven by the impact of devaluation as well.
NAICOM sets 2 years limit for Bancassurance partnerships
NATIONAL Insurance Commission (NAICOM) has placed a two year limit on bancassurance partnerships between insurance companies and banks.
Sovereign Trust gross premium rises to N7bn
SOVEREIGN Trust Insurance Plc said that its gross written premium grew to N7.3 billion in the third quarter (Q3) of 2017 from N4.9 billion in the corresponding period of 2016.
