The insurance industry recapitalisation exercise has been concluded, and the sector is now expected to protect the manufacturing sector against costly industrial risks. Manufacturers whose operations are exposed to various risks, including factory fires and machinery breakdowns, are likely to be affected. A report by the Pan-African Manufacturers Association notes that limited capital previously constrained Nigerian insurers' ability to retain large industrial risks.
The report highlights the significant implications for manufacturers seeking comprehensive cover for factories, machinery, and other assets. Further details on the impact of the recapitalisation exercise are available from the report.
The conclusion of the recapitalisation exercise is expected to have a significant impact on the manufacturing sector, with insurers now better equipped to provide protection against industrial risks.
The Nigerian Financial Intelligence Unit (NFIU) has called on banks, insurance companies, fintech firms, Virtual Asset Service Providers (VASPs), and other financial sector stakeholders to support a new Public-Private Partnership (PPP) framework aimed at strengthening Nigeria’s f...
By Godwin Oritse The Nigerian Navy has warned that the unregulated deployment of unmanned vessels for maritime surveillance could pose serious security risks to the nation’s maritime domain, calling for the development of an appropriate legal framework to regulate their use. Spea...
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Ani Iniedu, the police spokesperson, disclosed at a press conference in Abuja on Wednesday that the suspect was arrested after a forensic investigation. The post Police arrest suspect over fake shutdown report targeting OPay appeared first on Premium Times Nigeria ....
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Saeed Ibrahim, Director of Sustainable Impact at the Private Infrastructure Development Group (PIDG), says Nigeria remains a priority market for the organisation despite the country’s economic and foreign exchange challenges, with opportunities to scale infrastructure financing, ...
Speaking to the media ahead of the game, the coach said the Falconets understand the importance of the contest and have been working to address the shortcomings from their opening defeat The post FIFA U-20WWC: Aduku demands victory against China to keep Nigeria’s hopes alive appe...
