Nigeria to Continue $3.5 Billion Civil Claim Against Shell and Eni July 20, 2022 By William Clowes and Alberto Brambilla Nigeria will continue its $3.5 billion civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings...
Death Toll Rises to 23 From Collapse of High-Rise Building in Nigeria November 5, 2021 By Chinedu Asadu LAGOS, Nigeria (AP) – The death toll from the collapse of a high-rise apartment building under construction in Nigeria’s most...
Lagos Building Collapse Kills at Least 10; Scores Reported Missing November 2, 2021 By Nneka Chile and Seun Sanni LAGOS – Rescuers on Tuesday dug through rubble searching for survivors a day after a luxurious high-rise building collapsed while...
Nigerian Oil Producer Sues Shell for More Than $2B Over Ownership of Wells October 7, 2021 By William Clowes A Nigerian oil producer sued Royal Dutch Shell Plc for more than $2 billion over the ownership of oil wells,...
Nigerian Insurers Expect Record Claims from Police Brutality Protests November 3, 2020 By Emele Onu Nigerian insurers are facing their biggest claims on record after protests against police brutality turned violent, leading to large-scale looting...
Swiss Re-Backed Nigerian Life Insurer Sees Sales Surge as Pandemic Starts Taking Hold June 16, 2020 By Tope Alake and Anthony Osae-Brown Nigeria’s biggest insurer is seeing more demand from the government and employers of health workers for life cover as the...
Nigeria’s Regulator Gives Insurers Additional Year to Recapitalize on COVID-19 Impact June 4, 2020 By Emele Onu Nigeria’s National Insurance Commission gave underwriters an additional year to recapitalize as companies deal with the effects of the coronavirus...
Nigeria Raises Insurers’ Minimum Capital Requirement May 21, 2019 By Emele Onu Nigeria increased the minimum capital requirement for insurers more than threefold as the industry regulator seeks to to improve the...
Africa Re Joins World Bank’s IFC to Build Crop Insurance Market for Nigeria’s Farmers March 29, 2019 The International Finance Corp. (IFC), a member of the World Bank Group, announced it has signed an agreement with Africa...
Nigerian Regulator Triples Insurers’ Minimum Capital Requirement July 27, 2018 By Emele Onu Nigeria increased the minimum capital requirement for insurers by threefold, in a bid to expand their capacity to handle risk...