NAICOM chief tasks insurers, banks on collaboration, deeper penetration

The insurance commissioner supported deepened retail market, noting that it was the future of insurance sector. Mr Sunday Thomas, Commissioner for Insurance, National Insurance Commission (NAICOM), says the insurance and banking sectors can deepen their penetration in Nigeria by looking beyond the traditional distribution channels. Thomas spoke at a virtual […]

Nigerians Shun Naira for Foreign Currencies to Store Wealth

Nigerians have been accumulating foreign currencies to protect their wealth from naira volatility and surging inflation, according to a research paper in a journal published by the Central Bank of Nigeria. “Higher real-exchange rate volatility is associated with an increased level of currency substitution,” central bank economists including Isaiah Ajibola, […]