NGX Opens Week Bullish as ASI Rises 0.58%
The Nigerian stock market started the week positively, with the All-Share Index gaining 0.58% and market capitalisation increasing by N744.99 billion. Discover the top gainers and trading activity details.
Category : Search result: Sovereign Insurance
Priest loses 3 brothers in Lagos Great Nigeria Insurance fire
A Catholic priest shares the heartbreaking story of losing three brothers in the Lagos Island fire. The family recovers only ashes as they prepare for burial. Read and share their story.
18 Insurers Ready for NAICOM Capital Verification
Only 18 out of over 50 insurers are ready for NAICOM's capital verification ahead of the July 30 deadline. The exercise aims to strengthen the sector and boost claims payment. Read more.
Insurers Oppose Tax Exemptions for Foreign Companies
Nigerian insurance operators warn that a proposal to grant foreign insurers tax exemptions on local premiums could cripple domestic firms and undermine industry reforms. Read the full analysis.
Apostle Chikere's Ex-Husband Alleges UK Insurance Fraud
Pastor Martin Ugbulu accuses Apostle Chikere Nwafor of shipping a Lexus to Nigeria, falsely reporting it stolen, and collecting a £17,000 payout. Get the full story and public reaction.
Late Lagos Businessman's Wife Releases Burial Arrangements
The wife of businessman Obumneke Chukwudolue, who died in the Lagos Great Nigeria Building collapse, has shared his obituary and burial plans. Details inside.
Burial Details for Brothers Lost in Lagos Fire Released
The Omatu brothers who died in the Great Nigeria Insurance House fire will be buried in Anambra on January 14. Get details on the ceremony and the tragic Lagos Island blaze.
Burial Set for 3 Brothers Killed in Lagos GNI Building Fire
The Omatu family has announced burial arrangements for three brothers who died in the Great Nigeria Insurance House fire. The service of songs is on January 7, with burial in Anambra on January 14.
Three Brothers Among 8 Killed in Lagos Island Fire
Family and community mourn Stephen, Casmir, and Collins Omatu, killed in the Great Nigeria Insurance building fire. The tragedy raises urgent fire safety concerns in Lagos. Read more.
3 Brothers Die in Lagos Fire, Service of Songs Announced
A family announces a service of songs for three orphaned brothers who tragically died in the Great Nigeria Insurance House fire in Lagos. Read their heartbreaking story.
Lawyers Condemn U.S. Trial of Venezuelan President Maduro
Nigerian legal experts slam the U.S. capture and trial of Venezuela's President Nicolas Maduro as illegal and a violation of sovereign immunity. Read their full analysis.
Investors Flock to Insurance as Recapitalisation Deadline Nears
Nigeria's insurance sector sees a surge in investor interest driven by NAICOM's reforms and the 2026 recapitalisation deadline. Commissioner Segun Omosehin outlines the push for stronger, credible insurers. Read the full analysis.
GNI clarifies Lagos Island fire incident stance
Great Nigeria Insurance Plc clarifies its position on the Martins Street fire, revealing a legal dispute with the Shitta-Bey family. The insurer confirms its operations are unaffected. Read the full details.
Lagos GNI Fire: Death Toll Now 6, 13 Injured
The Lagos State Government confirms six fatalities and 13 injuries from the Greater Nigeria Insurance House fire. Three victims were burnt beyond recognition. Get the full update.
Insurer pays N35.3bn claims by Q3 2025
Mutual Benefits Assurance Plc paid N35.3 billion in claims by September 2025, a record high. The payout shows strong commitment to policyholders amid economic challenges. Read the full breakdown.
Lagos Fire Victim's Last Calls for Help Break Hearts
The heartbreaking final calls of businessman Nze Obum, trapped in the Lagos Great Nigeria building fire, reveal a desperate struggle for survival. Read the full story and public outrage.
Final Calls from Trader in Lagos Market Fire Tragedy
Heartbreaking details emerge as China-based trader Nze Obum made desperate calls from under rubble after the Great Nigeria House fire at Balogun Market. Read the full story.
NGX Rally Adds N411bn as 2025 Trading Closes
The Nigerian stock market closed 2025 on a high note, with investor wealth surging by N411 billion. The NGX All-Share Index rose 0.42% as trading volume hit 4.7 billion shares. Discover the top gainers and losers.
Stock Market Cap Hits N98.8trn on High Volume Trading
The Nigerian equities market surged by N411 billion on Tuesday, with trading volume jumping 219% to 4.68 billion shares. Market capitalisation closed at N98.843 trillion. Discover the top gainers and losers.
NAICOM: No Extension for Insurance Recapitalisation
NAICOM insists the July 30, 2026, recapitalisation deadline is fixed by law. NDIC says remitting 50% of earnings to govt hampers its Deposit Insurance Fund growth. Read the full details.
NDIC Reaffirms Fiscal Compliance, Seeks Stronger Capacity
NDIC reaffirms strict adherence to fiscal regulations while seeking exemption from a 50% cost-to-income policy to build a robust fund for protecting depositors. Learn about the strategic talks with MOFI.
Lagos Island High-Rise Buildings Pose Fire Risk - BCPG
The Building Collapse Prevention Guild raises alarm over systemic fire safety failures in Lagos Island skyscrapers after the Great Nigeria Insurance inferno. Urgent government action demanded.
Lagos Island Fire: Death Toll Rises to Five
The devastating fire at the Great Nigeria Insurance building on Lagos Island has claimed five lives, injured 12, and destroyed millions in goods. Traders call for urgent government action as the blaze continues to burn.
Stakeholders Seek Stronger Actuarial Foundation for Insurance Growth
Nigerian insurance leaders call for enhanced actuarial capacity to improve risk management and increase insurance penetration. A recent Lagos workshop highlights the critical need for investment in local expertise.
AIICO Insurance Repositions Brand for Market Growth
AIICO Insurance Plc has launched a refreshed brand identity to drive innovation and expand its market reach in Nigeria. The move aims to rebuild public confidence and cater to a younger, tech-savvy customer base. Read more.
Stakeholders Urge Overhaul of Health Insurance to Save Lives
Health stakeholders call for urgent reform of Nigeria's dysfunctional health insurance scheme after a free medical outreach in Port Harcourt highlights the deadly cash-and-carry system.
WARDC Roundtable Tackles Nigeria's Maternal Health Crisis
A high-level policy roundtable by WARDC and Amplify Change calls for political will and funding to stop preventable maternal deaths in Nigeria. Experts and lawmakers outline solutions.
Lagos Market Fire: Lady Cries Out Over Warehouse Safety
A Nigerian businesswoman shares her distress as her warehouse sits dangerously close to the raging fire at the 22-storey Great Nigeria Insurance House in Lagos Island. See the dramatic video and details.
Universal Insurance Gets BBB- Rating from Agusto & Co
Agusto & Co assigns a BBB- rating with a stable outlook to Universal Insurance Plc, citing strong 2024 results, robust solvency, and improved profitability. Discover the key figures behind the rating.
Fire Outbreak at Great Nigeria Insurance House in Lagos
A major fire has gutted the 22-storey Great Nigeria Insurance House on Lagos Island. Emergency services are battling the blaze as the number of casualties remains unknown. Get the latest updates.
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