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Nigerian stocks gain N317 billion on heavy demand for telecom shares

Nigerian stocks gain N317 billion on heavy demand for telecom shares
premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.

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Breaking News | Growth In Fire Insurance Slows Down

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Great Nigeria Insurance Company Limited, popularly called Great Nigeria House on fire. •Claims also decline •Operators’ bemoan public apathy By Rosemary Iwunze Patronage of fire insurance appears to have been reversed as growth rate in premium amongst major insurance companies suffers set back.
Financial Vanguard’s findings on cumulative financial records of about eight of the insurance companies show that the fire policy premium at N13.4 billion, grew by 19 percent year-on-year, YoY, as against the 59.2 percent recorded in the corresponding period of 2019.
In 2019, fire insurance skyrocketed by 59.2 per cent YoY to N11.19 billion from N7.03 billion in 2018, a sort of recovery from the 35.5 percent decline recorded in the 2018 figure against the N10.9 billion in 2017. ....

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Growth in fire insurance slows down - Vanguard News

Growth in fire insurance slows down - Vanguard News
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.

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Vehicles with fake insurance certificates hit 9.04 million

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Nike Popoola
Published 15 March 2021
Despite the fact that it is mandatory for all vehicles to have a minimum of third party motor insurance certificates, there has been a decline in the number of vehicles with genuine insurance certificates on Nigerian roads,
NIKE POPOOLA
reports
The number of vehicles with fake certificates on Nigerian roads rose to 9.04 million according to latest figures obtained by our correspondent.
Figures obtained from the Nigerian Insurers Association revealed that only 2.72 million vehicles on Nigerian roads had valid insurance covers as of February.
Also, latest data from the National Bureau of Statistics estimated Nigeria’s vehicle population at 11.76 million. ....

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COVID-19, #EndSARS batter Insurance sector

COVID-19, #EndSARS batter Insurance sector
On

It’s still showing resilience – Operators

By Peter Egwuatu
Adverse operating environment headlined by COVID-19 Pandemic and #EndSARS protest in 2020 has taken a massive toll on the growth rate of the Nigerian insurance industry.
But top 16 insurers have managed to record positive figures in their 2020 financial results though significantly below previous year’s figures. The 16 companies control over 80 percent of the entire industry.
The 16 companies are AIICO Insurance, Axa Mansard, Consolidated Hallmark, Cornerstone Insurance, and Coronation Insurance. Others are Linkage Assurance, Mutual Benefits Assurance, Nem Insurance, Niger Insurance, Prestige Assurance, Regency Alliance, Royal Exchange, Sovereign Trust, Sunu Assurance, Universal Insurance, and Veritas Kapital. ....

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