Insurance

NDIC Seeks Clarity on Role as Banks’ Liquidator

10/8/2018/Punch Feyisayo Popoola The Nigeria Deposit Insurance Corporation has called on the National Assembly to include in the amendment to the NDIC Act, 2007 a provision that states clearly its role as the sole liquidator of banks licensed deposit-taking institutions. The Managing Director/Chief Executive Officer, NDIC, Ibrahim Umaru, disclosed this […]

Leadway Assurance Boss Commends NAICOM, Insurance Industry on Introduction of Tier-Based Minimum Solvency Requirement Structure

July 31, 2018/Modion Communications Lagos, Nigeria-Following the recent Tier-Based Minimum Solvency Requirement (TBMSR) announced by the National Insurance Commission (NAICOM), the Managing Director/Chief Executive Officer (CEO) of Leadway Assurance Company Limited, Mr.  Oye Hassan-Odukale, has commended the regulators for a policy he says is long overdue.  Mr. Hassan-Odukale, who is […]

Uganda Emerges First African Country to E-Risk SME Renewables Under German, ATI-backed RLSF Initiative

July 27/2018/ATI Uganda becomes the first African country to sign an agreement with the Regional Liquidity Support Facility (RLSF), a joint initiative of the African Trade Insurance Agency (ATI) (www.ATI-ACA.org), a Pan-African and multilateral guarantor and KfW with funding from German Ministry of Economic Cooperation and Development. Under the program, […]