Tag: Insurance
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Third Party vehicle insurance raised from N5,000 to N15,000
The National Insurance Commission (NAICOM) has raised Third Party insurance cover for motorists from N5,000 to N15,000 yearly with effect from January 2023.
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TNG Deal Breakers: The untapped opportunity of sports insurance in Nigeria
Many will recall the national tragedy several years ago when one of Nigeria’s brilliant midfielders, Sam Okwaraji slumped and died during a live match at the national stadium in Lagos. At the same world cup qualifier, seven fans reportedly choked to death due to overcrowding. Earlier in 1979, 24 fans reportedly died during a stampede…
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TNG Deal Breakers: Now that tenure limits kick in finally at 10, what NEXT
Sometimes exchanging pleasantries could veer off, unintentionally to some serious and sensitive matter that may become unpleasant to one party and a revelation to the other. Such was the case when I met an insurance chief executive at a function.
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TNG Deal Breakers: A symphony of insurance welfare principles and the Balance Sheet
Not many Nigerians are aware that insurance operate a model of business that combines social welfare principles with strict business profit and loss features. Insurance claims may at times be honoured on the basis of emotions and empathy towards the insured who suffered a loss of assets.
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TNG Deal Breakers: The pension-linked mortgage, NH-Fund devoid of insurance
One of the most defining moments in the life of a man is when he moves into his own house, wakes up on his own and proceeds to his daily work from his own house. The feeling is like someone who has accomplished a great milestone, no matter how small the house. And it is…
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TNG Deal Breakers: Navigating Inland with Ships of Destiny: The Cabotage Transition
For decades now most Nigerian maritime experts have been worried over the absence or abysmally low capacity of indigenous players in the maritime sector given the fact that more than 80% of Nigeria’s economy is dependent on maritime activities. The crude oil and the import and export trades are sea-bound activities.
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Investors lose N388bn on NGX amid selloffs
The Nigerian Exchange Ltd. (NGX) declined further on Friday as market capitalisation depreciated by N388 billion or 1.6 per cent to close at N23.918 trillion from N24.306 trillion on Thursday.
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TNG Deal Breakers: Thou shall not labour in vain
Let me say that this is not political campaign rhetoric or is it meant to weigh into any party’s ideology. This is strictly business of labour deals in their collective bargaining power and ways to boost workers’ welfare. It is rather a proposal to organized labour groups to engage more with employers to take advantage…
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TNG Deal Breakers: That good deal may be a bad one
Some six years ago, something happened that altered a product preference which had become an unquestionable buy for my family. Over the radio, a jingle played that raced me back to my childhood days and, involuntarily, I joined in singing the advert rhyme of this product and it ached my mind that I had abandoned…
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TNG Deal Breakers: Who says life can be insured?
Insurers say so! They claim life can be insured for the value placed on it. Do insurers really insure life when life itself has no measurable value in terms of the quantum of money? What then is the value of life? Follow me as we interrogate this all-time proposition by the insurance profession.