13 hours ago
Financial experts drawn from the non-interest finance sector in Africa have stressed the need to create strategies that would deepen the adoption of non-interest finance and takaful in Africa. The stakeholders who gathered at the second edition of the African Takaful and Non-Interest Finance Conference themed, ‘Islamic Finance and Takaful: Building Resilience in a Volatile…
13 hours ago
Union Bank of Nigeria Plc has announced the appointment of Bayo Adeleke as its new board chairman along with seven other new members to its board. The new appointees, according to a statement released yesterday, include two executive directors, Kelechi Nwaoba and Taiwo Shote, and five non-executive directors – Mohammed Balarabe, Chiamaka Ezenwa, Ibrahim Oruma,…
13 hours ago
An underwriter, Capital Express Life Assurance, said it generated a premium income of N7.892 billion in 2023 as against N5.023 billion in 2022, showing an increase of 57 per cent. The insurer’s profit before tax was N754 million in 2023, a remarkable turnaround from the N4.6 million losses recorded in 2022. Speaking to shareholders at…
13 hours ago
The Central Bank of Nigeria (CBN) has launched a new website in its bid to enhance public communications. The Acting Director, Corporate Communications of the CBN, Mrs Hakama Sidi Ali said the new website goes live today. The statement added: “The Bank has developed a contemporary Web API that operates on Microsoft .NET Core 8…
13 hours ago
Stakeholders in the country’s insurance industry need reforms to position the sector for growth and contribute significantly to the economy. The industry players who gathered at the 2024 edition of the Business Journal Lecture themed, ‘Repositioning the Insurance Industry to Drive Sustainable Economic Growth in Nigeria’, at the weekend in Lagos, also urged underwriting firms…
