News
Kano’s health insurance: Practical lesson for universal health coverage
1+ hour, 38+ min ago (158+ words) Date: 18 July 2026 4:00am WAT Governor Abba Kabir Yusuf Kano’s recognition as one of Nigeria’s top-performing State Social Health Insurance Agencies is therefore not accidental. It reflects institutional sweat. It reflects political support from the Kano State Government. It reflects field work,…...
Group unveils health insurance coverage for contractors, self-employed workers
1+ mon, 1+ week ago (524+ words) By: Cornelius Essen Date: 5 June 2026 2:49pm WAT National Health Insurance Authority NHIA A group, SimpliRide has concluded arrangements based on the recent directive by the National Health Insurance Authority (NHIA) requiring e-hailing and logistics platforms to provide health insurance coverage for…...
POS operators threaten to suspend services over exclusivity practice
1+ mon, 2+ week ago (230+ words) Date: 30 May 2026 5:00am WAT The Association of Point of Sale Service Providers (POS) may suspend and cripple banking operations in the country if the Central Bank of Nigeria (CBN) and the Federal Competition and Consumer Protection (FCCPC) fail to immediately intervene…...
Insurance isn’t only for the rich - Here’s why every Nigerian needs it
1+ mon, 3+ week ago (334+ words) By: Adenike Ibirogba Date: 22 May 2026 1:02pm WAT The average Nigerian believes Insurance is for “big men”, something you do only when you have excess cash to spare. However, here is the reality: if a fire breaks out in a shop or…...
CBN raises ATM card fee to ₦1,500
2+ mon, 3+ week ago (437+ words) By: Priscilla Iwedike Date: 24 April 2026 4:26pm WAT Central Bank of Nigeria headquarters, Abuja. Nigerians may soon pay more for one of the most basic banking tools — the ATM card — following a proposed revision of charges across the financial system by the…...
FCT expands health insurance coverage for journalists
4+ mon, 2+ day ago (606+ words) By: Sodiq Omolaoye Date: 15 March 2026 9:04am WAT FCT Health Insurance Scheme (FHIS). The Federal Capital Territory Administration (FCTA) has expanded health insurance coverage for journalists in Abuja, with about 480 media professionals now captured under the FCT Health Insurance Scheme (FHIS). The…...
Groups align on inclusive insurance for grassroots merchants
5+ mon, 1+ week ago (283+ words) By: Bankole Orimisan Date: 9 February 2026 3:38am WAT In a move that highlights the growing convergence of fintech and insurance in Nigeria, Paga has partnered with Leadway Assurance to provide tailored insurance solutions for Doroki merchants. The partnership will give merchants access…...
Compulsory insurance falters, struggles with low penetration
5+ mon, 1+ week ago (681+ words) By: Bankole Orimisan Date: 9 February 2026 4:33am WAT More than three decades after Nigeria enacted laws making several classes of insurance compulsory, the segment continues to struggle with low adoption, with penetration remaining below one per cent of Gross Domestic Product (GDP)....
Nigerian insurers oppose tax breaks for foreign firms
6+ mon, 6+ day ago (407+ words) By: Bankole Orimisan Date: 12 January 2026 4:10am WAT A proposal to exempt foreign insurance companies from paying tax on premiums generated from insurance business written in Nigeria has triggered concern in the insurance industry. Operators have warned that such a move could…...
NAICOM, NCRIB step up coordination to drive insurance reform
9+ mon, 3+ week ago (353+ words) By: Bankole Orimisan Date: 23 Sep 2025 The National Insurance Commission (NAICOM) and the brokers’ body have agreed to deepen cooperation as the sector prepares for sweeping regulatory changes and a push to expand coverage among households and businesses in the country....