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…
Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu has said the changes witnessed in the state, from technological advancements to shifting market dynamics and an increasing emphasis on sustainability, are fundamentally reshaping the future of the built environment. Speaking as Special Guest of Honour at the Real Estate Discussions and Awards (REDA) 2024 organized by Thinkmint…
Oil cartel, the Organization of Petroleum Exporting Countries (OPEC) sees no sign of global oil demand receding, rather, it expects it to rise to at least 120 million per barrel (mb/d) by 2050, according to its World Oil Outlook. OPEC also revised its estimate of global oil demand in 2045 to 118.9 million b/d, a…
The National Bureau of Statistics (NBS) has said about 69.71 million litres of Household Kerosene (HHK) were locally produced in 2023 compared to 44.68 million litres in 2022, indicating a growth rate of 56.02 per cent over the period. It also said distribution of the Premium Motor Spirit (PMS) or petrol reduced by 19.96 per…
TOTAL new investments to connect hard-to-reach communities as part of Partner2Connect (P2C) by Nigeria and other member-nations of the International Telecommunication Union (ITU) at SDG Digital in Partner2Connect have reached over $1.05 billion Partner2Connect is ITU’s online pledging platform to advance universal meaningful connectivity. SDG Digital featured announcements of pledges of the $1.05 billion are…
Emerging markets-focused fintech, PalmPay, yesterday said it has contributed to deepening Nigeria’s financial inclusion policy of the Central Bank of Nigeria (CBN) with a total of 35 million users over the last five years. Managing Director at PalmPay Nigeria, Chika Nwosu, who spoke in Lagos during a brief ceremony to commemorate the fifth anniversary of…
Inadequate infrastructure to sustainably support physical card will make the idea of issuing physical ID card to Nigeria’s citizens, a digital identity and technology solutions company, , UrbanID Global, has said. The company which acknowledged current efforts by the President Bola Tinubu’s administration to improve enrolment of citizens and legal residents of the country and…
Managing Director, Private Clients, Henley & Partners, Troy Hanley, has said contrary to believe that investment migration is just about relocating out of the country, it is indeed about securing the future in the long term. Henley & Partners is a global leader in residence and citizenship planning. Speaking at a webinar ahead the company’s…
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,…
