Business Daily

Coronation Insurance Plc Wins Best Customer Care Award in Insurance & Risk Management

Insurance, News /

Coronation Insurance Plc has been named the winner of the “Best Customer Care Awards 2026 – Insurance & Risk Management” at the 15th edition of the West Africa Innovation Awards, which held on Thursday, May 7, 2026, at the WaterCress Events Centre, Ikeja, Lagos. This recognition highlights Coronation Insurance Plc’s continued commitment to delivering exceptional […]

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Coronation Insurance Redefines Motor Insurance in Nigeria with Launch of MotorMax

Insurance /

Lagos, Nigeria — Coronation Insurance Plc has announced the launch of MotorMax, an innovative motor insurance policy designed to transform the Nigerian motor insurance landscape by moving motorists beyond basic third-party compliance to affordable, comprehensive vehicle protection. For decades, motor insurance adoption in Nigeria has largely been limited to mandatory third-party coverage. MotorMax addresses this

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Nigeria Regains Frontier Market Status in Major Boost for Equities

Economy /

In a significant development for Nigeria’s capital market, global index provider FTSE Russell has reclassified the country back to Frontier Market status, effective September 2026. The announcement, made in FTSE Russell’s latest Equity Country Classification Interim Review released on Tuesday, April 7, 2026, ends Nigeria’s stint on the Watch List and its previous “Unclassified” (Standalone)

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Coronation Insurance Grows Revenue to N74.83bn Amid Strong Underwriting Performance

Insurance /

Coronation Insurance Plc has reported a significant increase in revenue for the 2025 financial year, underscoring strong growth in its core insurance business despite pressure on overall profitability. According to its audited financial results, the company’s insurance revenue rose by 51.4 percent year-on-year to N74.83 billion, up from N49.47 billion recorded in 2024. The performance

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Nigeria Rakes In N161tn in 15 Years as Tax Revenue Overtakes Oil in Fiscal Shift

Economy /

Nigeria generated a total of about N161.1 trillion in revenue over a 15-year period, as the country’s fiscal structure gradually shifted away from oil dependence toward a stronger tax-driven system, according to a recent report. The analysis, which reviewed government earnings between 2010 and 2024, showed that oil and non-oil sources contributed almost equally to

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NAICOM, stakeholders applaud Daily Economy, Author at insurance book launch

Insurance /

The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Olusegun Ayo Omosehin, has reaffirmed the Federal Government’s commitment to strengthening Nigeria’s insurance sector through robust reforms and enhanced regulation. Speaking at the second anniversary of Daily Economy and launch of the book titled “Trends in Nigeria’s Insurance Industry (2005–2025) &

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Coronation Insurance Plc and Coronation Life Insurance Limited conduct first raffle draw for the ‘Insure and Win Promo 2.0’,

Insurance, News /

Coronation Insurance Plc and Coronation Life Insurance Limited have officially conducted the first raffle draw for the ‘Insure and Win Promo 2.0’, a nationwide initiative designed to reward policyholders for their continued partnership and trust. The event, which was live streamed on YouTube at the firm’s head office in Lagos, marked the first major milestone

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Forex Pressures, Election Spending Drive $850m Drop in Nigeria’s External Reserves

Economy, News /

Nigeria’s external reserves have declined by approximately $850 million within a three-week period, as mounting foreign exchange (FX) pressures and increased election-related spending weigh on the country’s financial buffers. Latest data from the Central Bank of Nigeria shows that reserves fell from about $50.03 billion in mid-March 2026 to $49.18 billion by early April, reversing

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Lagos State

Lagos Announces Major Traffic Diversions for Infrastructure Project Commissionings on Wednesday and Thursday

News /

The Lagos State Government has issued a notice on traffic restrictions in several parts of the state to facilitate the smooth commissioning of key infrastructure projects scheduled for Wednesday, April 8, and Thursday, April 9, 2026. In a statement released on Tuesday, the Commissioner for Transportation, Mr. Oluwaseun Osiyemi, explained that the temporary road closures

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