By Abdulfatah Babatunde The Islamic Corporation for Insurance of Investment and Export Credit (ICIEC) has signed a Memorandum of Understanding (MoU) with the Central Bank of the Republic of Azerbaijan (CBAR) to enhance Islamic insurance services. TheNewsZenith reports that ICIEC is a Shariah-based multilateral insurer and member of the Islamic Development Bank (IsDB) Group. The […]
The Nigeria Deposit Insurance Corporation (NDIC) has begun verification of insured depositors of Peak Merchant Bank in-liquidation. This is with a view to paying their insured sums. Such payment is in line with the corporation’s mandate of deposit guaranty and reimbursement of depositors following a bank failure. Bashir Nuhu, NDIC Director of Communication and Public […]
The total assets of the insurance industry stood at N2.33 billion in the fourth quarter of 2022, Statistics Department Quarterly Report of the Insurance Market stated. A bulletin of Insurance Market Performance, released by the National Insurance Commission (NAICOM) published the report, on Thursday in Lagos. The figure represents positive growth signifying expansion at the […]
The Managing Director/Chief Executive Officer (CEO) of Leadway Assurance, Mr Tunde Hassan-Odukale, has cautioned corporate business owners and governments on the overwhelming rise in cybersecurity risks. Hassan-Odukale said, on Wednesday in Lagos, that crucial steps needed to be taken to mitigate the unprecedented risk attack. He was reacting to a recent report by Kaspersky, a […]