Africa Re and IFC to develop agricultural insurance market in Nigeria

Africa Re and IFC to develop agricultural insurance market in Nigeria

Africa Re and IFC to develop agricultural insurance market in Nigeria

Thousands of Nigerian farmers could soon have access to insurance thanks to a new deal signed between Africa Re and the International Finance Corporation (IFC), a member of the World Bank Group, to help insurance companies in Nigeria develop innovative agricultural insurance products for smallholder farmers. The scheme which is designed to highlight accessible risk management tools, will be run…

Political uncertainty continues in Nigeria

Political uncertainty continues in Nigeria

Political uncertainty continues in Nigeria

Political uncertainty continues in Nigeria as the leader of the losing opposition party has filed court papers to challenge the results of last month’s presidential election. Atiku Abubakar lodged a legal challenge to the official result on Monday, according to reports from the BBC and France 24. Muhammadu Buhari, 76, was re-elected president after a delayed poll that angered voters…

Nigerian government urged to press ahead with reforms

Nigerian government urged to press ahead with reforms

Nigerian government urged to press ahead with reforms

Following the closely contested 2019 elections and the re-emergence of Muhammadu Buhari as President of Nigeria, he is being urged to act quickly or face new economic risks. Investment house Afrinvest said: “In our view, President Buhari’s victory presents him [with] a new opportunity to choose between setting the country on the path to prosperity or sustaining poor policy choices,…

Nigerians hoping political unrest is muted after Buhari re-elected as President

Nigerians hoping political unrest is muted after Buhari re-elected as President

Nigerians hoping political unrest is muted after Buhari re-elected as President

Nigeria’s President Muhammadu Buhari has been re-elected for a second term, with 56% of the vote. However, the opposition People’s Democratic Party, which received 41% of the votes, has contested the results, leaving the country holding its breath and hoping there is no recurrence of the violence that has marred elections in previous years. So far, Al Jazeera has reported…

Tensions high as Nigerian election delayed a week

Tensions high as Nigerian election delayed a week

Tensions high as Nigerian election delayed a week

Politicians and international election observers have called for calm as the Nigerian presidential election was postponed for a week. The electoral officials blamed the delayed delivery of voting slips and other logistical reasons for the week-long delay, which has been roundly condemned by politicians on both sides of the debate. Elections should have been held on Saturday and there had…

Shell in court over Nigerian deaths

Shell in court over Nigerian deaths

Shell in court over Nigerian deaths

Shell is back in court over alleged involvement in the arrest of four Nigerian activists who were then executed by the military regime in the 1990s. According to AFP, their widows have launched a court case in the Netherlands against oil giant Shell for complicity in their deaths. Esther Kiobel, whose husband Barinem was hanged in 1995 along with famed…

Result of imminent election key to capitalise on Nigeria’s potential

Result of imminent election key to capitalise on Nigeria’s potential

Result of imminent election key to capitalise on Nigeria’s potential

With just days to go until Nigeria goes to the polls and with business nervous of the ensuing political risks, Africa’s largest economy is still facing myriad issues. Anna Brattstrom, global head of statistics and analytics at Axco Insurance Information Services, warned: “Violent clashes between farmers and herders, undefeated terrorist group Boko Haram, poverty, and slow economic recovery from the worst recession…

Nigerian insurers act to curb motor fraudsters

Nigerian insurers act to curb motor fraudsters

Nigerian insurers act to curb motor fraudsters

The Nigeria Insurance Association (NIA) has launched the *565*11# service, accessible from any mobile phone, in a bid to cut out motor insurance fraud. It allows policyholders to check whether a policy is genuine against the Nigerian Insurance Industry Database (NIID). Tope Smart, president of NIA, said the objective is to combat insurance fraud by limiting the circulation of fake…

Allianz hoping for top three spot in Nigeria

Allianz hoping for top three spot in Nigeria

Allianz hoping for top three spot in Nigeria

Allianz Nigeria Insurance has launched itself launched into the Nigerian insurance market with the aim of climbing into the top three insurers in country. It said it would redefine risk underwriting in Nigeria. Sunkanmi Adekeye, managing director, Allianz Nigeria said the company is primed to offer the best products and services to Nigerian customers in both personal and commercial lines,…

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