Abuja | July 30, 2025 The Federal Capital Territory Administration (FCTA) has settled an outstanding health insurance liability of ₦4 billion, signaling a renewed commitment to revamping healthcare delivery in the capital city. The announcement was made during a strategic stakeholders’ meeting organized by the FCT Health Insurance Scheme (FHIS) in Abuja. FCT Minister, Nyesom
In a strongly worded press conference in Lagos, the Nigerian Insurers Association (NIA) has dismissed allegations by the House of Representatives’ Ad-hoc Committee that insurance firms defrauded the federal government of N200 billion. According to NIA Chairman Eddie Efekoha, there is “no N200 billion fraud anywhere,” cautioning that the committee has not been fully briefed on how insurance
Nigeria’s insurance sector is currently witnessing an unprecedented surge in the performance of its publicly listed companies, marking the best run in several years. This positive trend is driven by several key factors, including increased investor confidence, improved regulatory frameworks, and a growing demand for insurance products amid economic recovery. Market analysts attribute the upswing
