Category: Insurance

Elumelu: Africa needs massive capital for investments

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…we continue to support critical projects that uplift communities   The Founder, The Tony Elumelu Foundation, Mr. Tony Elumelu, has reaffirmed that African continent needs massive capital for investments. Elumelu, also the Chairman of United Bank for Africa (UBA), stated this on his X handle while reflecting on his visit to Abidjan, Côte d’Ivoire, for the launch of @UnitedCapital’s West African headquarters. According to him, “yesterday, I was in Côte d’Ivoire to mark a new milestone in our pan-African journey: launching @UnitedCapital’s West African headquarters. This is a major step in our mission…

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Elumelu: Future belongs to nations with investments in Africa

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The Chairman, Heirs Holdings, Mr. Tony Elumelu, has called on countries interested in future greatness to invest in Africa. The prolific investor, who dropped the hint on his X handle while attending the Fintech Summit in Dubai on Monday, said the future belonged to nations that invest in Africa today with opportunities spanning electricity, mass transit, and digital connectivity. Emphasising that Africa is open and ready for business, Elumelu, who is also the Chairman, United Bank for Africa (UBA) and Founder, The Tony Elumelu Foundation, said: “Africa does not need…

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AXA Mansard Investments Renews Commitment To Empower Women

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In celebration of Women’s Month, AXA Mansard Investments Limited, a leading asset management firm, expressed its commitment to continue empowering women financially in the country. The company said this at the third edition of its flagship webinar series, ‘Achieve Much More, held virtually. This special Women’s Day edition, themed: “Women’s Wealth: How to Start from Where You Are”, was designed to equip Nigerian women with practical knowledge and tools for achieving financial security regardless of their life stage or income level. The virtual session featured seasoned financial advisor and Chief…

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Access To Contracts: PenCom Pleads With Sanwo-Olu To Make PCC Mandatory

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The Director General, National Pension Commission (PenCom), Ms. Omolola Oloworaran, has proposed a partnership with Lagos State Government to make the Pension Clearance Certificate (PCC) a mandatory requirement for companies seeking Lagos State Government contracts and services, as practiced at the federal level. She made the request during a courtesy visit to Governor Sanwo-Olu at the Lagos State Government House where she presented the report of PenCom’s 2024 routine inspection of the Lagos State Pension Commission (LASPEC), and to thank the governor for confirming his participation as special guest at…

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Elumelu: AFC Doing Better Than Envisaged

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Chairman, United Bank for Africa (UBA), Mr. Tony Elumelu, has commended the tremendous progress recorded by the Africa Finance Corporation (AFC) under the successive chief executive officers since inception. In his remarks at the AFC Day in London recently, Elumelu, who is a founding member of the Corporation, described the current CEO of AFC, Samaila Zubairu, as a unifier and a great person. The Conference was Themed: ‘AFC As a Gateway to Global – Africa Trade and Investment.’ According to him, “as founders of AFC, we had big aspirations and…

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AIO Strengthens Ties With Nigerian Insurers, Pledges Better Return For Members

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The African Insurers Organisation (AIO) has moved to strengthen collaboration with the Nigerian insurance market while pledging more value in return for insurance companies of its member countries.     The Secretary General of the AIO, Mr. Jean Baptiste, said this during an official visit to the Nigerian Insurance Market in company of the AIO’s Communication and Public Relations Officer, Mr Charles Moki, hosted by the Nigerian Insurers Association (NIA) in Lagos.     The visit of the AIO officials to Nigeria began with a meeting with the NIA Chairman,…

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Third Party Motor Insurance: Checkmating The Police Advantage

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  The issuance of a licence to the Nigeria Police Force to own and operate insurance business appears to have distabilised the conventional operators as the deed becomes a cutting edge for the law enforcement officers to corner a number of the policies to themselves through sheer intimidation, especially the most rewarding Third Party Motor Insurance cover, Sunday Ojeme reports   Over the last couple of years, the Nigerian insurance sector has struggled against so many odds. Fuelled by both internal and external misadventures, the sector has basically struggled endlessly…

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Capital Formation: Coronation Registrars Charts Path To Sustainable Wealth

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  With most Nigerians finding it difficult to save for the future due to several factors, the management of Coronation Registrars has identified the role investment in securities could play in capital formation. In a webinar themed, “The Role of Capital Formation and Dividend in Building Sustainable Wealth,” organised by the firm, the President and Chairman of Council, Institute of Capital Market Registrars, Oluseyi Owoturo, gave a direction on building sustainable wealth. Speaking on the importance of reinvesting dividends, he said dividends could be a good source of capital formation…

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Junior Pope: Obi Commiserates With Nollywood Stakeholders

JUSTINA EMMANUEL OKPARA

The Presidential candidate of Labour Party in the 2023 election, Mr. Peter Obi, has expressed shock over the reported death of Nollywood actor, Pope Obumneme Odonwodo, popularly known as Junior Pope. Obi, in a condolence message on his X handle, said he was shocked by the reports of the death of yet another vibrant Nollywood actor. According to him, “our entertainment industry, and indeed our dear nation, is once again thrown into mourning, by the death of this young talented actor. “Junior Pope was known for his energetic acting, always…

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Nigerian Insurers Miss IFRS 17 Implementation Deadline

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Nigerian Insurers Miss IFRS 17 Implementation Deadline   Several insurance companies operating in Nigeria have missed the deadline set by the National Insurance Commission (NAICOM) for the full implementation of the new IFRS 17 accounting standard. Insurers were required to adopt the new accounting framework by 31 December 2023. According to industry professionals, the non-compliant companies could ask for an extension of the deadlines. No official statement has been made by NAICOM, which according to market expectations could either grant an extension of the deadlines or impose sanctions. Atlas Magazine…

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