IGP Kayode Egbetokun presented N1.59 billion in cheques to 727 families of deceased police officers. Funds were disbursed for group life insurance, life assurance balance payments, and full group life assurance in 2022/2023. This marks the fifth batch of disbursement under the IGP’s tenure, totaling over N7 billion to 2,000 families for life assurance and … Read more
Eko Hot Blog reports that President Bola Ahmed Tinubu has directed the immediate payment of insurance entitlements owed to families of officers and soldiers who died while fighting for the nation. This was made known by the Chief of Army Staff (COAS), Lt.-Gen. Taoreed Lagbaja, at the opening of the Combined Second and Third Quarters … Read more
Sanwo-Olu’s wife presented gifts to triplets and the first babies of 2023 in Lagos. Eko Hot Blog reports that the Wife of the Lagos State Governor, Dr. Ibijoke Sanwo-Olu, on Sunday, presented gifts items to triplets and first babies of the year. EDITOR’S PICKS Expect More Impactful Governance In 2023, Sanwo-Olu Tells Lagos Residents How … Read more
The Lagos government has rewarded EFAG as its operatives cleaned over 624 kilometres of drainages in 2022. Eko Hot Blog reports that the Lagos State Government has feted and rewarded hardworking operatives of the Emergency Flood Abatement Gang (EFAG), urging them to be more committed in the discharge of their duties. EDITOR’S PICKS Another Police … Read more
The FG has raised the premium rates for vehicle insurance. Eko Hot Blog reports that vehicle owners in Nigeria are set to pay higher premium rates for insurance after the Federal Government, through the National Insurance Commission (NAICOM), increased the rates. EDITOR’S PICKS CBN Taking Our Financial Freedom from Us with ‘Suffocating’ Monetary Policies Renewed … Read more
The Lagos government has extended free health insurance coverage to 230,000 vulnerable residents. Eko Hot Blog reports that no fewer than 230,000 indigent and vulnerable residents of Lagos State are currently benefitting from free health insurance coverage sponsored by the State Government through the Eko Social Health Alliance (EkoSHA). EDITOR’S PICKS LASEMA Releases Details Of … Read more
Motor third party insurance or third party liability cover, which is sometimes also referred to as the ‘act only’ cover, is a statutory requirement under the Motor Vehicles Act. It is referred to as a ‘third party’ cover since the beneficiary of the policy is someone other than the two parties involved in the contract … Read more
The board of Regency Alliance Insurance Plc has announced that it’s 26th Annual General Meeting (AGM) will hold on Monday, July 6, 2020. Ekohotblog understands that shareholders are advised to elect proxies to represent them due to the ongoing COVID-19 pandemic ravaging the world. During the AGM, shareholders will be discussing the company’s bid to … Read more
The Nigerian Stock Exchange(NSE) has extended the deadline for quoted insurance companies to submit their 2018 financial results, following their transition to the International Financial Reporting Standard, IFRS 9. This gives the insurance companies till July 31 to submit their results against the statutory time frame of June 30 every year. The extension came … Read more
IFC, a member of the World Bank Group, has signed an agreement with Africa Reinsurance Corporation(Africa Re) to help thousands of small holder Nigerian farmers to access insurance more easily to protect their crops and livelihoods. Under the agreement, Africa Re, a pan-African reinsurance company headquartered in Nigeria, and IFC’s Global Index Insurance Facility … Read more
Nigerian Council of Registered Insurance Brokers, NCRIB, has frowned at Nigerians poor attitude towards insurance and dependence on government for compensation after a major incident or disaster. Executive Secretary of NCRIB, Mr. Fatai Adegbenro, noted that insurance is the best form of risk transfer mechanism, adding that government cannot pay compensation the way … Read more
The Nigerian Stock Exchange(NSE) has extended the deadline for quoted insurance companies to submit their 2018 financial results, following their transition to the International Financial Reporting Standard, IFRS 9. This gives the insurance companies till July 31 to submit their results against the statutory time frame of June 30 every year. The … Read more
African alliance insurance plc, has unveiled a new corporate brand identity and a new logo with a focus to strengthen its customer service delivery and leverage to digitalization. The new corporate identity marks the company’s first major re brand since its launch in 1960. Its new identity features a new logo and new website, … Read more