The newly enacted Investments and Securities Act, 2025 (ISA 2025) has made it illegal to operate digital asset exchanges or online foreign exchange trading platforms without formal registration with the Securities and Exchange Commission (SEC). Signed into law by President Bola Ahmed Tinubu, ISA 2025 significantly strengthens the regulatory framework […]
Category: Insurance & Pension
Insurance & Pension
AFC Targets $20bn From African Pension Funds For Investment
The Africa Finance Corporation (AFC) is intensifying efforts to mobilize domestic capital for investment across the continent, with a focus on pension funds and institutional investors. The development finance institution aims to generate between $15bn and $20bn from African pension funds to bridge the region’s infrastructure funding […]
Acquisition Of Another Insurer Not In Our Plan For Recapitalisation- Ogunbiyi
Mutual Benefits Assurance Plc says it doesn’t intend to acquire any insurance company for the recapitalisation exercise mandated for insurers. Dr Akin Ogunbiyi, Chairman of Mutual Benefits Assurance Plc, said this in an interview with the News men on the sideline of the insurance company’s 29th annual thanksgiving […]
Coronation Insurance Reports ₦2.2 Billion Profit, Charts Digital and Sustainable Future
Coronation Insurance Plc celebrated a remarkable financial turnaround at its 66th Annual General Meeting (AGM) in Lagos, announcing a profit before tax of ₦2.2 billion for the financial year ending 31st December 2023. This milestone represents a significant recovery from the ₦1.8 billion loss recorded in 2022, a testament to […]
NAICOM Appoints Interim Management/Board For African Alliance Insurance
Following the dissolution of the African Alliance Insurance Plc’s former board and management team, the National Insurance Commission (NAICOM) has appointed an Interim Management Board (IMB) to oversee operations. This was contained in the African Alliance Insurance Plc’s notice to the Nigerian Exchange Limited seen by the WHISTLER. The IMB […]
MTN Nigeria Becomes First African Telco in PMI Global Executive Council
MTN Nigeria has become the first African telecommunications company to join the Project Management Institute (PMI) Global Executive Council. According to a statement by the company the achievement highlights the company’s commitment to excellence in project management and its dedication to implementing best practices. The announcement was celebrated […]
Custodian Investment Plc Declares Interim Dividend of 15 Kobo for H1 2024
Shareholders of Custodian Investment Plc will receive an interim dividend of 15 kobo for the half year ended June 2024. This announcement was made in the company’s updated corporate action notice to the Nigerian Exchange Limited (NGX). The dividend, subject to appropriate withholding tax, will be paid to […]
AIICO Insurance settles claims worth N200 billion in 5years – Fajemirokun
AIICO Insurance Plc has said that it has paid over N200 billion in claims and benefits settlements over the past five years. Managing Director/CEO of AIICO Insurance Plc, Mr. Babatunde Fajemirokun stated this in a statement released in Lagos on Wednesday. Fajemirokun noted that this reflects AIICO’s commitment to providing […]
Report forecast $5.41 billion growth in global marine insurance market by 2028
The global marine insurance market size is estimated to grow by $5.41 billion between 2024 and 2028, according to Technavio market research report. The market is estimated to grow at a compound annual growth rate (CAGR) of about 3.32% during the forecast period. According to the report, the use of […]
Africa Prudential Plc appoints Christabel Onyejekwe as non-executive director
The Board of Directors of Africa Prudential Plc has appointed Mrs. Christabel Onyejekwe as an Independent non-executive director of the company. This was contained in the company’s notice to the Nigerian Exchange Limited and the investing public. According to the company statement the appointment took effect from May 24, […]