Nigeria’s insurance and oil and gas industries have been urged to deepen strategic collaboration through stronger local content implementation and digital transformation as part of efforts to accelerate economic growth, strengthen domestic capacity and improve the country’s resilience.Nigerian entertainment updates The call was made by the Group Managing […]
Category: Insurance & Pension
Insurance & Pension
DataPro Warns Rising Debt Costs, Fiscal Strain Threaten Sovereign Credit Ratings
A new report by DataPro has warned that mounting fiscal constraints, rising debt servicing costs, and external vulnerabilities are increasingly putting pressure on sovereign credit ratings, particularly in emerging and commodity-dependent economies. In its latest monthly publication titled “Unlocking Sovereign Rating Factors,” the firm said while sovereign credit […]
SEC Orders Asset Freeze On Individuals, Entities Over Terror Links
The Securities and Exchange Commission has directed all capital market operators to immediately freeze assets linked to 10 individuals and three entities newly designated under Nigeria’s sanctions regime, in a move aimed at strengthening efforts to combat terrorism financing. In a circular issued to operators, the […]
Universal Insurance grows profit by 388% in 9 months
Universal Insurance Plc has recorded significant growth in profitability and improved financial position for nine months ended Sept. 30, 2025. The insurer during the period under review posted a profit after tax of N1.13 billion compared with N230.6 million recorded in the comparative period of 2024, an increase of […]
NGX Lifts Trading Suspension On Universal Insurance Shares
The Nigerian Exchange Ltd. (NGX) on Wednesday lifted the suspension placed on trading on the shares of Universal Insurance Plc, effective WednesdaySeptember 3, 2025. This development enables shareholders to resume trading the company’s shares on the NGX platform. In its weekly report, the NGX stated, “We refer to our Market […]
Insurance Reforms Must Address Policy Complexity, Says Analyst
Financial analyst and Managing Director, Cowry Asset Management Limited, Johnson Chukwu, has called for a comprehensive simplification of insurance policies in Nigeria to boost public confidence and drive growth in the sector. He made the call during an interview on Channels Television, following the signing of the […]
SEC Sounds Alarm on Ponzi Schemes, Calls for Vigilance to Safeguard Investors, Economy
The Securities and Exchange Commission (SEC) has sounded a renewed warning on the dangers of Ponzi schemes, highlighting their devastating impact on investor confidence, financial stability, and the Nigerian capital market. This was the central theme of a paper titled “Ponzi Schemes: Avoiding the Pitfalls of Illegality” presented […]
Nem Insurance shareholders approved N5.02bn total dividend for 2024
NEM Insurance Plc shareholders have approved a total dividend of N5.02 billion declared by the company for the financial year ended Dec. 31, 2024. The shareholders gave the approval at the company’s 55th Annual General Meeting (AGM) in Lagos. The dividend translated to dividend payment of N1 per every […]
LCCI Advocates Forward-guided, Data-Driven Approach To Monetary Easing
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to pursue a forward-guided, data-driven approach to monetary easing, warning that a premature reduction in interest rates could destabilize investor confidence and threaten macroeconomic recovery. The Chamber’s reaction followed the Central […]
SEC Approved ₦3.68trn in New Issues in 2024 – Agama ……….Says ₦446.38bn Approved in Q1 2025 as Market Activity Sustains Momentum
The Securities and Exchange Commission (SEC) approved a total of ₦3.68trn in new issues in 2024, signaling robust investor confidence and strong momentum in Nigeria’s capital market, according to the Director General of the SEC, Dr. Emomotimi Agama. Speaking at the 1st Capital Market Committee (CMC) Meeting of […]