Nigeria is awash with serious problems which are not likely to go away soon. Africa’s largest and most important country is going through an extraordinarily difficult and dangerous period that
Nigeria’s Top 30 Corporate Deals Of 2014
VENTURES AFRICA – In summary, Nigeria’s 2014 was marred by the drop in oil prices, the devaluation of the Naira and the problem of insecurity. But amidst these concerns, there
Mansard Insurance Plc Acquires Majority Stake In Penman Pensions Limited
Mansard Insurance Plc, a member of AXA Group, said it had completed its acquisition of a 60 per cent stake in Penman Pensions Limited. A statement by the firm on
Law Union & Rock Insurance Plc Reviews Business Strategies
Law Union & Rock Insurance Plc said it had reviewed its business strategies, systems and processes in order to meet its immediate and long-term goals. It said this in a
NCRIB Stresses The Benifits Of Insurance Cover Against Fire Disasters
The President, Nigerian Council of Registered Insurance Brokers, Mr. Ayodapo Shoderu, has stressed the benefits of having insurance cover against fire disasters. He said this while commiserating with victims of
Continental Reinsurance Plc Predicts High Insurance Business
The Executive Director, Continental Reinsurance Plc, Mr. Lawrence Nazare, has said there will be a high volume of business for local insurers this year. He said there were emerging risks
Energy And Allied Risks Insurance Pool Will Grow Local Capacity- NAICOM
Commissioner for Insurance, Fola Daniel, has affirmed that the inauguration of the Technical Management Board of the Energy and Allied Risks Insurance Pool of Nigeria (EAIPN) will address challenges faced
Old Mutual Pays $98m For Stake In African Insurer
Kenya’s Centum Investment Company said it had agreed to sell its 13.75% stake in regional insurance firm UAP Holdings to Anglo-South African financial services company Old Mutual. The acquisition by
Nigerian Entrepreneur Appointed To The East African Business Network Board
Managing Director of Lagos-based, business management consultancy firm, Courteville Business Solutions, Bola Akindele, has been selected to join the board of directors of the East Africa Business Network (EABN). This comes
FBN Insurance Finally Completes Acquisition Of Oasis
FBN Insurance Limited, a subsidiary of FBN Holdings Plc, has completed the acquisition of Oasis Insurance Plc. While FBN Insurance had initially acquired 71.2 per cent equity interest in Oasis
Reason Oasis Insurance Was Delisted
FBN Insurance Limited, a subsidiary of FBN Holdings Plc, concluded the takeover of Oasis Insurance Plc having acquired 71.2 per cent equity interest through a block divestment in February 2014.
Insurance Companies Now Pay Overriding Commission Into Brokers’ Personal Accounts
The insurance companies now pay overriding commission and other illegal fees directly into the personal bank accounts of insurance brokers to prevent the National Insurance Commission (NAICOM) from knowing that
Insurance Companies Now Pay Overriding Commission Into Brokers’ Personal Accounts
The insurance companies now pay overriding commission and other illegal fees directly into the personal bank accounts of insurance brokers to prevent the National Insurance Commission (NAICOM) from knowing that
Insurance Cover For Unity Schools’ Students Across The Country
It is unfortunate that the Boko Haram insurgents have continued to mount a vicious campaign against Western education, students and colleges, with many schools completely burnt and pupils abducted or
AIICO Insurance Raises Capital Via $20million IFC Loan
INTERNATIONAL Finance Corporation (IFC), a member of the World Bank Group has signed an agreement to provide a $20 million convertible loan to AIICO Insurance Plc to support its expansion