National Insurance Commission (NAICOM) has warned that rising inflation in Nigeria remained a major concern for the insurance sector because of its impact on both insurers and the insureds. Commissioner for Insurance/Chief Executive Officer of NAICOM, Olusegun Omosehin who spoke at the Insurance Meets Tech (IMT) 2024 with theme: ‘Revitalising the Insurance Industry to Risk-Manage…
As Nigeria’s banking sector undergoes significant reforms, officials of the Nigeria Deposit Insurance Corporation (NDIC) have been cautioned to be vigilant, especially in their dealings with bank shareholders. His Royal Highness Luka Ayedo Nizasaan (III), the Etsu Kwali, gave the advice during the NDIC’s Special Day at the 19th Abuja International Trade Fair on Monday,…
The Central Bank of Nigeria (CBN) has announced the provision of additional U.S. dollars to Bureau De Change (BDC) operators to boost liquidity in the foreign exchange (forex) market. This decision was communicated through a circular issued by the Trade and Exchange Department of the CBN, titled TED/FEM/PUB/FPC/001/028, yesterday. The circular, signed by Acting Director…
The Nigerian Financial Intelligence Unit (NFIU) has emphasised the importance of fintech operators in combating money laundering and terrorism financing in Nigeria. Dr Muhammad Jiya, Associate Director, Analysis and Compliance at NFIU, said this during the Third Quarter Reguvators Forum Webinar organised by Fintech Association of Nigeria (FinTechNGR). The NFIU official stressed the need for…
