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News
The Central Bank of Nigeria's new payments system circular: What banks, fintechs and investors need to know
1+ hour, 23+ min ago (360+ words) Why the CBN Introduced These Measures December 31, 2026 – Institutions exceeding 25% market share threshold in card issuing or merchant acquiring must achieve the required caps. January 1, 2027 – All payment transaction data generated in Nigeria must be stored and managed on servers within Nigeria....
Coronation Insurance pays N8.3bn in claims during first half of 2026
3+ day, 15+ hour ago (264+ words) Demonstrating its unwavering commitment to standing by customers when it matters most, Coronation Insurance Plc paid N8.3 billion in gross claims during the first half (H1) of 2026, reaffirming its promise to provide financial protection and peace of mind to individuals and businesses…...
Eno bags outstanding contribution to health insurance development award
1+ week, 2+ day ago (464+ words) Governor Umo Eno of Akwa Ibom State has bagged the most outstanding contribution to health insurance development award in recognition of his excellent performance in expanding access to affordable healthcare in the state. Eno inaugurated the state health insurance agency…...
How Nigeria's fintech unicorns became too complex for yesterday's rulebook
1+ week, 2+ day ago (985+ words) Nigeria’s fintech industry has spent the past decade rewriting the rules of financial services. Companies that began by helping businesses accept card payments or transfer money have steadily expanded into lending, savings, merchant acquiring, agency banking and, increasingly, regulated banking…...
1,000 traders receive customised tables from Akwa Ibom business community
2+ week, 2+ day ago (626+ words) 1000 traders have received customised tables from the Akwa Ibom business community as part of efforts to boost small businesses in the state. Helen Obareki, Governor Umo Eno’s daughter who kick-started the distribution of the 1,000 customised tables and umbrellas to traders…...
Mutual Benefits Assurance N3.9bn claims payout excites customers – Businessday NG
3+ week, 5+ hour ago (380+ words) Mutual Benefits Assurance Plc has reaffirmed its unwavering commitment to policyholders with the payment of over N3.9 billion in claims across its Life and General Insurance businesses in June 2026, underscoring the company’s financial strength and dedication to standing by customers when…...
Prompt claims, journalists’ empowerment seen as drivers for Nigerian insurance growth strategy
3+ week, 1+ day ago (404+ words) Concerned over Nigeria’s low insurance penetration at 0.4 percent, Leadway Assurance has mapped out strategies to increase public interest in the industry, deepen awareness and build trust in insurance by focusing on prompt claims settlement and stronger engagement with the media....
Universal Insurance pays out N1.35bn claims in Q2
3+ week, 5+ day ago (293+ words) Universal Insurance Plc has reaffirmed its commitment to customer satisfaction with the payment of N1.35 billion in claims during the second quarter of 2026. The claims, paid across the Company’s diverse portfolio of insurance products, underscore Universal Insurance Plc’s dedication to delivering…...
Health Insurance in Nigeria: Progress, Gaps and the Path to Universal Coverage
4+ week, 7+ hour ago (657+ words) Business News Nigeria - Health Insurance in Nigeria: Progress, Gaps and the Path to Universal Coverage Health insurance is one of the most powerful tools available to any government seeking to protect its citizens from the financial ruin of illness. The…...
Private healthcare investment gathers pace as OneHealth by AXA expands specialist care
4+ week, 20+ hour ago (464+ words) Private investment in Nigeria’s healthcare sector is accelerating as providers expand specialist medical services to meet rising demand driven by an ageing population, increasing cases of chronic diseases and growing consumer preference for quality healthcare. The latest expansion comes from…...