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1. For effective risk management, leave insurance for insurers The Economic Sustainable Committee led by the vice president, Yemi Osinbajo was reported to have recommended to the Federal government that the Nigerian Social Insurance Trust Fund should provide insurance…
2. All revenues accrued to revenue-generating agencies… *** I don’t have the list of our debtors, NTA DG By Henry Umoru The Senate said Friday that all revenues accrued to revenue-generating agencies should now go into the…
3. NCC remits N344.71bn to Consolidated Revenue Fund By Emmanuel Elebeke The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, says the commission has remitted N344.71 billion to the Consolidated Revenue Fund (CRF)…
4. Consolidated Hallmark meets 50% recapitalisation threshold Consolidated Hallmark Insurance (CHI) Plc, is standing tall with over N5.065 billion capital at its disposal, an indication that it has more than surpassed 50 per cent of the N10…
5. FAAN remits N2bn into Consolidated Revenue Fund in… The Federal Airports Authority of Nigeria (FAAN) on Tuesday disclosed it revenues and expenses for the year 2020 and revealed that it remitted N2 billion into the Consolidated Revenue Fund…
6. Insurers resort to cutting cost, better risk… To withstand economic shocks and possible recession that could hit countries’ economies following Covid-19 pandemic, insurance firms have resorted to cutting cost as well as adopting risk management measures to…
7. Insurers close wings on capital shortfall to escape… Barely 10 weeks to December 2020 deadline given to insurance companies to comply with first phase of the industry recapitalisation requirements, companies are tightening their belts to avoid sanctions that…
8. Insurers positive African Trade Insurance Agency… Nigerian Insurers are positive that the African Trade Insurance Agency recently accented by President Mohammadu Buhari will expand market operation for growth. Muftau Oyegunle, president, Chartered Insurance Institute of Nigeria…
9. Insurance plays catch-up on financial inclusion target The sluggish take-off of micro and takaful insurance schemes expected to drive penetration among a low-income mass of the population as well as the grassroots is pulling back the insurance…
10. Recapitalisation: Small insurers have option of… Small sized insurance companies that may not be able to meet 50 percent of the minimum paid up share capital by 31st December 2020 as directed by the National Insurance Commission…
11. Banking industry risk indicator score of 12.14 show… Nigeria’s Banking Industry Risk Indicator (BIRI) score of 12.14 (out of 100) is a reflection of high risk following weak economic growth in the wake of the 2016 recession and…
12. Risk assessment / risk management and systemic audit… Our report card is smeared with the Enron scandal and audit failure which destroyed Arthur Andersen that was arguably the fifth largest accountancy firm in the world. Contrary to what…
13. De-risk real sector to attract pension, insurance… By Rosemary Onuoha Lagos Chamber of Commerce and Industry, LCCI, has advocated the need to de-risk the real sector to encourage investment from insurance firms, pension managers and foreign investors.…