Introduction Imagine opening your bank app and seeing you’ve been credited, not from your 9–5, but from companies paying you just for owning a piece of them. That’s what long-term investors enjoy. If you had put your money into ₦50,000 into MTN shares when they listed in 2019 at ₦90 per share, you’d have more […]
Introduction Did you know that compared to over 70% of people in developed nations, less than 5% of Nigerians have any kind of insurance? A major reason is because most people don’t understand the terms and conditions. To a lot of Nigerians, reading an insurance policy can feel like scanning through the terms and conditions […]
Introduction Insurance is a critical part of any modern economy—it protects individuals, businesses, and governments from financial loss. But the insurance industry in Nigeria cannot thrive in chaos. Like any sector that handles people’s money and promises financial protection, it requires oversight, regulation, and trust. That’s where NAICOM Nigeria comes in. The National Insurance Commission […]
Sometimes the fact that you have insurance is not even the problem, the issue is filing a claim. For more Nigerians than you would expect, this process feels quite unfamiliar and sometimes frustrating. This guide explains how the insurance claims process works in Nigeria, from what should be done the moment an incident occurs to […]
Accidents don’t give you head ups and even if they do?. Sicknesses and hospital bills don’t wait until salary week. A single fire can wipe out years of hard work. Smart Nigerians don’t joke with insurance. It is not even about fear. It is about protecting your future. Right now, the insurance market is crowded […]
In Nigeria today, millions of people live without any form of insurance. For many, “insurance” sounds like something for the wealthy or something that never works. But the truth is far from that. Insurance is necessary, as a local trader, a cab driver, student, a teacher or a politician, insurance remains a relevant back up […]
What happens peradventure you fall sick, get into an accident, or your business takes a hit? In situations like this, insurance is that covering that saves you from excessive loss. With a lot of insurers in Nigeria, the real challenge becomes choosing the most reliable for what is most important to you. In this article, […]
IntroductionNigeria’s insurance sector is on the brink of transformation. With insurance penetration still below 1% of GDP, and over 200 million inhabitants, the potential to grow is massive. Thanks to mobile technology, fintech partnerships, AI, and modern regulation, the industry is evolving—to become more inclusive, efficient, and accessible. In this post, we explore 10 major […]
Introduction With the rise of digital transactions and the growing awareness of financial protection, more Nigerians are seeking insurance policies for health, life, auto, property, and business. Unfortunately, this demand has also given rise to fraudulent insurance companies and scammers posing as legitimate providers. Falling victim to a fake insurance company doesn’t just waste your […]
Introduction Despite its growing importance, insurance in Nigeria remains one of the most misunderstood financial services. Many Nigerians still view insurance with skepticism or suspicion—largely due to misinformation, cultural beliefs, and past negative experiences. These misconceptions don’t just limit awareness—they prevent individuals and businesses from protecting themselves against real financial risks. Whether it’s a car […]
