Archives for November 2, 2021
FEATURE: BOOSTING SMES GROWTH THROUGH FIRSTSME ACCOUNT
Adesola-Adeduntan-MD_CEO FirstBank- First Bank of Nigeria Limited created FirstSME Account to add to its SME product family in support of small and medium scale business owners by sustaining…
Building Collapse: NCRIB Commiserates With Victims, Underscores Need for Insurance
Edu, President, NCRIB By Ngozi Onyeakusi--- The Nigerian Council of Registered Insurance Brokers has condoled victims of the 360 Degrees Tower Multi-Storey building collapse in Lagos and rued…
Arrtel Africa, UNICEF partner to scale-up digital learning for children across Africa
By Ngozi Onyeakusi--- Airtel Africa and UNICEF announced today a five-year pan-African partnership to help accelerate the roll-out of digital learning through connecting schools to the internet and ensuring free…
Inaugural Insurance Stress Test highlights need for reinsurers
By Katie Baker---The first General Insurance Industry Stress Test (GIIST) from the Reserve Bank of New Zealand has highlighted the industry’s reliance on offshore reinsurance providers. The GIIST involved…
Reinsurance outlook still negative, as it battles commoditization: S&P
The global reinsurance sectors underwriting results have been repeatedly weak in recent years, and 2021 is shaping up to be below-par as well, S&P explained. This year, continued higher-frequency…
SEC charges stockbrokers on innovative products
The Securities and Exchange Commission (SEC) has urged operators to create innovative financial products that would support businesses, boost market liquidity and enable the market to…
NDIC advocates effective prosecution of cybercrimes
NDIC MD The Nigeria Deposit Insurance Corporation (NDIC) has advocated effective investigation, prosecution and adjudication of cybercrime in the country. According to its Head of Information Technology Department (ITD),…
Global minimum tax proposal may create tax issues for certain insurers: AM Best
By Katie Baker --- A new global minimum tax on certain multinational companies will create the potential for double taxation on insurance companies, according to a new report from…
EFCC quizzes Obi Cubana over money laundering, tax evasion
Obi Cubana Popular socialite and businessman, Obinna Iyiegbu, aka Obi Cubana, was interrogated by officials of the Economic and Financial Crimes Commission over alleged money laundering on Monday. The Anambra-born…
SOLDIERS INVADE ENUGU COMMUNITY, BURN HOUSES, KILL UNDISCLOSED NUMBER OF YOUTHS
Soldiers of the Nigeria Army on Monday invaded Isingwu, a hamlet in Imama Village, Mgbowo in Awgu Local Government Area of Enugu State and burnt houses with an undisclosed…