52 h. ago Heritage Bank: NDIC declares N24.3bn second liquidation dividend for depositors above N5m insured limit

The Nigeria Deposit Insurance Corporation (NDIC) has declared a N24.3 billion second liquidation dividend for depositors of the failed Heritage read more Heritage Bank: NDIC declares N24.3bn second liquidation dividend for depositors above N5m insured limit

Politics

7 d. ago Insurgency: AU extends Nigeria, Cameroon, others joint military action

The African Union has extended the Multinational Joint Task Force (MNJTF) mandate for 12 months to combat the Boko Haram insurgency in the Lake Chad Basin. Read More: https://punchng.com/insurgency-au-extends-nigeria-cameroon-others-joint-military-action-2/

Politics

8 d. ago Brokers sit at the intersection of insurers, regulators, and policyholders – Olawale Micheal

From a strategic standpoint, how important are insurance brokers within Nigeria’s financial services ecosystem? Insurance brokers play a critical but read more Brokers sit at the intersection of insurers, regulators, and policyholders – Olawale Micheal

Politics

1 week ago Death Toll In Great Nigeria Insurance Building Inferno Rises To 8

Fresh facts emerged on Friday that at least eight people died in the fire outbreak that razed the Great Nigeria Insurance (GNI) Building in Marina, Lagos State. Lagos State governor, Mr Babajide Sanwo-Olu, who made the revelation while speaking with journalists during an on the site assessment described the entire area as “extremely unsafe” and […]

Politics

1 week ago New climate risks demand stronger insurance coverage —Rex Insurance CEO

Rex Insurance CEO discusses how climate change is creating new risks, demanding stronger insurance coverage and industry adaptation in Nigeria. Read More: https://punchng.com/new-climate-risks-demand-stronger-insurance-coverage-rex-insurance-ceo/

Politics

1 week ago Lagos Government Provides Update On GNI Building Fire, Confirms Casualties

The Lagos State Government has clarified speculations following the Christmas Eve fire that engulfed the 25-storey Great Nigeria Insurance (GNI) House on Martins Street in Balogun Market, Lagos Island. In a statement signed by Commissioner for Information and Strategy, Gbenga Omotoso, the State government expressed condolences to those affected. “The Government wishes to, once again, […]

Politics

1 week ago No Insurance Firm Has Met New Capital Base, Says Regulatory Commission

The National Insurance Commission (NAICOM) has stated that no insurance company operating in Nigeria has, to date, been legally confirmed to have met the new minimum capital requirements introduced under the ongoing recapitalisation exercise. The National Commissioner for Insurance, Olusemu Ayo, disclosed this on Tuesday in Abuja during a media engagement, stressing that claims by […]

Politics

2 w. ago GNI Fire: Lagos Orders Residents To Relocate From Danger Zone

Following the fire outbreak that gutted the 25-storey Great Nigeria Insurance (GNI) Building on Martins Street, Lagos Island, on December 24, the Lagos State Government, on Tuesday, ordered residents living around the building to relocate from the danger zone. The state government, in a statement by the Commissioner for Information and Strategy, Mr. Gbenga Omotoso, […]

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2 w. ago NAICOM insists recapitalisation deadline stands, rules out extension

Nigeria’s National Insurance Commission (NAICOM) confirms the recapitalisation deadline is fixed in law and will not be extended for the insurance industry Read More: https://punchng.com/naicom-insists-recapitalisation-deadline-stands-rules-out-extension/

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2 w. ago Death Toll Rises To 5 As Lagos Island Fire Rages Days After Outbreak

Death toll from the inferno that occurred at the 25-storey Great Nigeria Insurance Plc building on Martins Street, Lagos Island, has risen to five, days after the fire broke out on Christmas Eve. Emergency responders continued efforts to contain the blaze on Monday as more bodies were recovered from the rubble. The Lagos State Emergency […]

Events

2 w. ago We No Longer Manage Burnt Building – Great Nigeria Insurance

The management of Great Nigeria Insurance (GNI) Plc while sympathising with the victims of the unfortunate fire incident that occurred during the Christmas break at GNI Building on Martins Street, Lagos Island, noted that, it no longer managed the building. A statement from the insurer clarifies the situation in the wake of the incident in […]

Politics

2 w. ago Health experts, philanthropists, others call for effective health insurance in Nigeria to save the poor

As Mayor of Housing, Meridian Hospital group, etc launch free medical outreach in PH Medical experts along with philanthropists and read more Health experts, philanthropists, others call for effective health insurance in Nigeria to save the poor

Politics

2 w. ago No Casualties As Fire Guts Great Nigeria Insurance House In Lagos

A fire incident erupted on Wednesday at a high-rise commercial building on Lagos Island, triggering a rapid emergency response from several fire stations across the state. The Lagos State Fire and Rescue Service confirmed that the blaze occurred at The Great Nigeria Insurance House, located on Martins Street, Lagos Island. The agency, however, confirmed that […]

Politics

2 w. ago UPDATE: No casualties recorded as fire guts Great Nigeria Insurance House in Lagos

A fire incident erupted on Wednesday at a high-rise commercial building on Lagos Island, triggering a rapid emergency response from read more UPDATE: No casualties recorded as fire guts Great Nigeria Insurance House in Lagos

Politics

2 w. ago Seven hospitalised as Lagos Island plaza fire damages nearby buildings

A major Lagos Island fire at the Great Nigeria Insurance House has hospitalised seven people and damaged several nearby buildings, including Radio Nigeria. Read More: https://punchng.com/seven-hospitalised-as-lagos-island-plaza-fire-damages-nearby-buildings/

Events

2 w. ago VIDEO: Fire still rages at Lagos 22‑storey building on Christmas morning

A massive Lagos building fire at the 22-storey Great Nigeria Insurance House rages on for over 10 hours, starting on Christmas Eve. Emergency crews battle Read More: https://punchng.com/video-fire-still-rages-at-lagos-22%e2%80%91storey-building-on-christmas-morning/

Politics

2 w. ago JUST IN: LASEMA orders residents, traders to evacuate as plaza fire spreads

LASEMA urges residents and traders to evacuate the area around the Great Nigeria Insurance House due to a spreading Lagos plaza fire on Martins Street. Read More: https://punchng.com/just-in-lasema-orders-residents-traders-to-evacuate-as-plaza-fire-spreads/

Politics

4 w. ago NSITF, NLC deepen alliance on workers’ welfare as Faleye reaffirms social protection partnership

The Managing Director and Chief Executive of the Nigeria Social Insurance Trust Fund (NSITF), Oluwaseun Faleye, has reaffirmed the Nigerian Labour Congress (NLC) as a critical partner in the delivery of social protection and workplace security for Nigerian workers. Faleye made the assertion while addressing the National Executive Council (NEC) of the NLC at its […]

Politics