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Linkage Assurance CFO becomes pioneer chairman of ICAN-NIA Chapter

Jan 19, 2025 | businessday.ng | Modestus Anaesoronye

Emmanuel Otitolaiye, chief financial officer (CFO) of Linkage Assurance Plc has been invested the pioneer chairman of the Institute of Chartered Accounts of Nigeria (ICAN) -Nigerian Insurers Association (NIA) Chapter. ICAN-NIA Chapter was recently inaugurated by the 60th President of ICAN, Davidson Alaribe in company of top accounting and insurance professionals in Nigeria at a ceremony held at Nigeria’s Insurers House in Victoria Island, Lagos.
Africa Re gets outlook revised to positive by S&P

Dec 5, 2024 | businessday.ng | Modestus Anaesoronye

S&P Global Ratings has revised the outlook of the financial rating of the African Reinsurance Corporation (Africa Re) from “Stable” to “Positive” and affirmed its ‘A-‘ global scale financial strength ratings. The rating agency continues to consider Africa Re as a company that is “well placed to maintain leading position in the African reinsurance market with sustainable robust operating performance for the next two years”. Africa Re’s subsidiary, African Reinsurance Corp.
ARM Investment Managers unveils sharia-compliant fixed income fund

Dec 3, 2024 | businessday.ng | Modestus Anaesoronye

ARM Investment Managers, one of the country’s leading asset management firms, has announced the launch of the ARM Sharia-Compliant Fixed Income Fund. The fund is designed to provide sustainable financial growth opportunities while adhering to Sharia principles. This innovative investment solution caters to individuals and organizations seeking to grow their wealth ethically, offering a portfolio that aligns with Islamic financial guidelines.
Stakeholders chart pathways to deepen adoption of Takaful

Nov 17, 2024 | businessday.ng | Modestus Anaesoronye

Experts drawn from the non-interest finance sector in Africa have canvassed the need to create pathways that would deepen interest and adoption of non-interest finance and takaful among Africans. This was the submission of stakeholders during the second edition of the African Takaful and Non-Interest Finance Conference organised by Noor Takaful Insurance Limited in Lagos on Tuesday.
Lagos’ N2bn annual insurance spend shows growing adoption, says Almond

Oct 16, 2024 | businessday.ng | Modestus Anaesoronye

Lagos State Government’s N2 billion yearly spend on insurance of assets and the life of its employees has been described as a record adoption of risk management among states in Nigeria. Faith Ughwode, CEO of Almond Productions Limited said findings on the State’s insurance and pension’s spend indicate a growing adoption of insurance services, underscoring increasing awareness of the importance of risk management and financial protection.
Access ARM Pensions eyes premium service in merger deal

Oct 11, 2024 | businessday.ng | Modestus Anaesoronye

Access ARM Pensions Limited has reaffirmed its commitment to delivering top-tier service and safeguarding client assets following the successful merger of Access Pensions and ARM Pensions. This consolidation has created a more robust entity, set to provide enhanced pension management services across Nigeria, the company said. Dave Uduanu, managing director/CEO of the company, at a recent client engagement event, reassured clients about the security of their pension funds.
PenCom approves ARM, Access Pension merger

Oct 2, 2024 | businessday.ng | Modestus Anaesoronye

The National Pension Commission (PenCom) has approved the merger between ARM Pension Managers (PFA) Limited and Access Pensions Limited to form a new entity named Access Arm Pensions Limited. The merger is expected to result in the achievement of economies of scale, improved operational efficiency of the new entity as well as improved service delivery to Retirement Savings Account (RSA) holders, the pension regulator said in an advertorial on Tuesday.
NAICOM cautions on inflation as insurers navigate macroeconomic environment

Oct 2, 2024 | businessday.ng | Modestus Anaesoronye

Insurance regulator, the National Insurance Commission (NAICOM) has cautioned insurance companies to take necessary steps that would enable them to navigate the challenges in the macroeconomic environment to enable the sector to remain on the part of growth. The Commission said, being able to manage the impact of inflation, and technological adoptions will help companies remain profitable and be in a better position to manage risks confronting the economy.
Pension managers cautious on inflation, interest rate despite optimism

Sep 17, 2024 | businessday.ng | Modestus Anaesoronye

As the regulatory landscape evolves and economic conditions stabilize, pension fund managers are positive about playing a critical role in shaping Nigeria’s financial markets. While inflation and high interest rates present significant challenges, they remain optimistic about growth in certain sectors, particularly infrastructure and alternative investments.
Stanbic IBTC Pension Managers pays out N7bn monthly to retirees

Sep 11, 2024 | businessday.ng | Modestus Anaesoronye

Stanbic IBTC Pension Managers reaffirms commitment to delivering quality customer service to retirees, stating it pays out N7 billion monthly on benefits to retirees.