The National Insurance Commission (NAICOM) has sanctioned the acquisition of Oceanic Life Insurance Limited, a former subsidiary of the defunct Oceanic Insurance Company Limited by a leading South African insurer, Old Mutual. The new entity is to be known as Old Mutual Nigeria Life Assurance Company Limited (OMNiLAC). Under the […]
Tag: NAICOM
GTBank, First Bank, Zenith to Report N300 Billion Profit for 2012
Experts at Prudential Trust Company Limited, has predicted that the top three banks, namely Guaranty Trust Bank Plc, First Bank Plc and Zenith Bank Plc, will declare a combined profit of N300 billion for the 2012 financial year and N550 billion by the entire banking industry. In their country report […]
NAICOM suspends insurance broker’s licence
The National Insurance Commission has announced the suspension of the operating licence of Prime Investment Insurance Brokers Limited with effect from June 14, 2012. NAICOM said in a statement on Tuesday that the suspension of the Akure-based insurance broker’s licence would remain until further notice. It said the suspension became […]
