Niger Insurance Plc has notified the Nigerian Stock Exchange (NSE) and the company’s shareholders about a regulatory order issued on the Company by the industry regulator –National Insurance Commission (NAICOM).
The regulatory order was issued on the Company when its Board and Management Team met with the National Insurance Commission on March 23, 2020, according to TOLG Nominees, Company Secretary, Niger Insurance Plc.
Among other discussions made, the following are the orders issued on Niger Insurance: that the Company shall not dispose of any of its assets without written approval of the Commission; that the Company shall submit to the Commission monthly report of its activities together with the monthly Management account; and that the Management shall invite the Commission to attend all Board meetings of the Company as an observer.
Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
