Nigerian insurer achieves ISO quality standard

Nigerian insurer achieves ISO quality standard

Nigerian insurer achieves ISO quality standard

Composite Nigerian insurer NSIA Insurance has been awarded ISO 9001:2015 certification by the Standards Organisation of Nigeria, the representative of the International Organisation for Standardisation in Nigeria. The company achieved this certification after successful implementation of a quality management system and priority for customer satisfaction framework. The certification ensures that all processes within the organisation are standardised to meet best…

2018 Nigerian Risk Awards open for entries

2018 Nigerian Risk Awards open for entries

2018 Nigerian Risk Awards open for entries

The fourth edition of the Nigerian Risk Awards has opened for entries. The awards celebrate and recognise individuals and organisations that effectively exhibit best practice in risk management. Previous winners have come from a range of different industries and include: Adebola Surakat from AXA Mansard; Adewale Akinwale, then of  Nigerian Aviation and Handling Company; and most recently Azeez Adenle, of…

Shell oil case to continue for another year

Shell oil case to continue for another year

Shell oil case to continue for another year

A British judge has ruled that Nigeria’s Bodo community, which has been involved in a protracted legal battle with Shell over the cleanup of two 2008 oil spills, should retain the option of litigation for another year. According to reports from Reuters, lawyers for Bodo had accused Shell of trying to kill off the legal case by seeking a court…

Travel risks set to reduce for northern Nigeria

Travel risks set to reduce for northern Nigeria

Travel risks set to reduce for northern Nigeria

Nigeria has signed a $6.68bn deal with China Civil Engineering Construction Corporation, for a major segment of rail line linking the economic capital Lagos with Kano, northern Nigeria’s commercial hub. The deal paves the way for the final leg in the connections, which should improve business links between the two cities. “The signing of the Ibadan-Kaduna segment contract agreement concludes…

Chief risk officer first woman as executive director on Dangote board

Chief risk officer first woman as executive director on Dangote board

Chief risk officer first woman as executive director on Dangote board

Dangote Industries Limited has promoted Dr Adenike Fajemirokun to the role of group executive director, president’s office, where she will take on new roles in addition to her current schedule as group chief risk officer. She is the first-ever female executive director of Dangote Group. Olakunle Alake, the COO, is now the group managing director, while management also announced the appointment…

IRM names new training provider for Nigeria

IRM names new training provider for Nigeria

IRM names new training provider for Nigeria

The Institute of Risk Management (IRM) has accredited Risk Management Consulting Limited (RMCIR) as the first licensed Fundamentals of Risk Management (FoRM) training provider in Nigeria. Sanjay Himatsingani, director of training at IRM, said: ‘We are very pleased to be working with RMCIR to deliver this course in Nigeria. Our Fundamentals of Risk Management course is well respected and attracts…

Nigerian market must become more disciplined to provide sustainable support for risk managers

Nigerian market must become more disciplined to provide sustainable support for risk managers

Nigerian market must become more disciplined to provide sustainable support for risk managers

Risk managers are depending more heavily on their brokers as the insurance market turns and premium rates start to rise. But the picture is not uniform across Africa. Markets like Nigeria remain highly competitive and pricing has continued to fall. Yombo Bammeke, CEO at brokers UAIB, said: “We have a market problem. It will take just one big loss for…

Building trust in Nigeria

Building trust in Nigeria

Building trust in Nigeria

Liz Booth discusses how the Nigerian insurance market is working to instil confidence in Africa’s most populous country Developing an insurance market fit for purpose is the aim of many a Nigerian insurer, but it can be easier said than done in a market historically distrusted by many insureds. There are many challenges for the market from aggressively competitive pricing,…

Tinubu named as president of Nigeria-Britain Association

Tinubu named as president of Nigeria-Britain Association

Tinubu named as president of Nigeria-Britain Association

The Nigeria-Britain Association (N-BA) has elected Shola Tinubu as its 49th president, with Stephen Forbes becoming vice-president. According to the immediate former president, Femi Onabolu, the election of the new executives was to sustain the tempo of progress made by the association in promoting relationships between Nigeria and the UK. Mr Onabolu stressed that the association had previously initiated and implemented…

Nigeria rebounding but challenges remain for risk managers

Nigeria rebounding but challenges remain for risk managers

Nigeria rebounding but challenges remain for risk managers

Nigeria’s economy is exiting a painful recession, but challenges still remain that risk managers should be aware of, according to the International Monetary Fund (IMF). It has warned that policy implementation needs to move quickly and comprehensively to facilitate economic recovery and help the country reap its longer-term potential. In its latest economic health check of Sub Saharan Africa’s largest…

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