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NAICOM Cancels Controversial Insurance Industry Recapitalisation - THISDAYLIVEEbere Nwoji The controversial recapitalisation exercise in insurance industry, tagged Tier Based Solvency Capital increase, initiated by the insurance industry regulator, the National Insurance Commission (NAICOM), has been cancelled. The commission officially announced the cancellation at the weekend through a circular dated Novermber 23, 2018 circulated to all insurance companies. In the circular, titled “Withdrawal …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Endangered ISPs Lament High Interest Rate, Dwindling Business - THISDAYLIVEEmma Okonji The operations of internet service providers (ISPs) are currently under threat over high interest rate, high cost of equipment as well as the declining business. According to the operators, the incursion of telecom companies into their market is also taking a toll on their operations. The Managing Director of Swift Networks, one of …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
2019 insurance industry outlook - Vanguard News NigeriaINSURANCE operators are entering year 2019 with great optimism, hoping that the year will turn out better than 2018. Operators who spoke to Insurance Vanguard expressed optimism that the federal government’s plan to embark on developmental projects in 2019 will boost activities in the insurance sector.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
NAICOM Cancels Tier Based Recapitalisation Exercise of Insurance IndustryThe National Insurance Commission (NAICOM), having earlier suspended the implementation of the Tier Based recapitalisation exercise of insurance industry in compliance with the injunction issued by the Federal High Court restraining the commission from going ahead with its Tier Based Minimum Solvency Capital (TBMSC) framework, has now cancel the exercise. This, LEADERSHIP Weekend learnt, has […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Insurance industry grows premium by 22% in Q3’18 - Vanguard News NigeriaThe insurance industry recorded 22 percent increase in gross premium income, year-on-year, to N315 billion in the third quarter (Q3’18) from N258 billion recorded in the corresponding period of 2017 (Q3’17).
Source: vanguardngrnews - 🏆 5. / 75 Read more »