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Westpac Exits Life Insurance With $660m sale to Dai-ichi

August 10, 2021
WESTPAC Banking Corp has exited the life insurance sector, as it agreed to an A$900 million ($660 million) sale of its domestic unit to Japan’s Dai-ichi Life Holdings. The deal underlines a rapid exit by Australian lenders from areas considered to be
NAICOM

Include MSMEs In Your Insurance Products, LASG Tells NAICOM

August 10, 2021
LAGOS State has recommended that insurance companies in Nigeria should consider providing a special cover for Micro, Small and Medium Enterprises (MSMEs). Lagos State Governor, Babajide Sanwo-olu, made this known at a sensitisation workshop on insurance for MSMEs organised by NAICOM in
nimasa logo ssds

NIMASA To Resolve CVFF Disbursement Challenge

August 9, 2021
The Nigerian Maritime Administration and Safety Agency says it is working with the Federal Ministry of Transportation to ensure the seamless distribution of the Cabotage Vessel Financing Fund. At a ministerial retreat organised by Federal Ministry of Transport, NIMASA Director-General, Dr. Bashir
EFCC

Fraudsters Forfeit Duplexes In Lekki, N200m, Luxury Cars To FG

August 9, 2021
House 2B, Bamidele Majiyagbe Street, Southern View, Chevy View, Lekki, Lagos TWO convicted Nigerian fraudsters, Tobilola Ibrahim Bakare and Alimi Seun Sikiru have lost cash and properties in upscale Lekki axis of Lagos to the Federal Government. This followed their arrest and

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