Cornerstone Insurance grows profit by 253% in Q2’25
By Rosemary Iwunze Cornerstone Insurance Plc, one of Nigeria’s foremost and most trusted insurance underwriter, has announced its unaudited financial results for the first and second quarters of 2025, revealing a significant leap in both revenue and profitability. According to the results published earlier this week, the company recorded Insurance Revenue of N19.3 […]
Premium income in insurers’ life pension segment crashes by 62%
*Down to N13.6bn in Q-1 2022, from N36.1bn in Q-1 2021 *Segment nosedives as ‘retirees live longer’ *Business eroding profit, insurers lament By Rosemary Iwunze There are indications that insurance firms are now side-stepping annuity business, otherwise known as ‘life pension’ policy as retirees beat their life expectancy forecast. Consequently, the development has led to a massive […]
Nigeria’s diaspora remittances may beat World Bank’s projection, rise 10% to $14.2bn
By Babajide Komolafe Nigeria’s diaspora remittances inflow is set to beat the World Bank’s projection for 2021, as it rose to $14.2 billion in the nine months ending September 2021, up 10 per cent Year-on-Year, YoY, from $12.9 billion in the corresponding period of 2020, reflecting the impact of post-COVID economic recovery measures. This is […]
Sigma Pensions projects improvement in external balance in 2022
Sigma Pensions Limited has projected that Nigeria’s external sector balance and the oil sector would rebound in 2022.
PFAs to submit marketing campaign plan on micro pension by month end
Pension Fund Administrators, PFAs, are expected to submit their 2022 marketing campaign plan on micro pension to the National Pension Commission, PenCom, by end of January 2022.
AIO president calls for unification of efforts to tackle challenges
President of the African Insurers Organisation, AIO, Mr. Tope Smart, has called on African insurance industry stakeholders to unite and address the challenges bedeviling insurance growth in the continent.
