17 Insurance Firms Await June 30 NAICOM Deadline

A total of 17 insurance companies are racing to secure approval of their 2014 annual accounts by the industry regulator, National Insurance Commission (NAICOM) by the close of work on Tuesday, June 30, 2015. Already, 23 operators have received NAICOM approval on their account.

The status of the companies are showcased below:Insurance

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Corruption Killing African Businesses

An estimated 34% of African businesses reported losing out on deals to corrupt competitors in an annual survey of business attitudes comprising interviews with 824 companies worldwide. The survey was conducted by Control Risks, a global business risk consultancy. Corruption is still a major cost to international business, with 34%* of respondents from Africa reported losing out on deals to corrupt competitors. Corruption risks continue to deter investors. 30% say they have decided not to conduct business in specific countries because of the perceived risk of corruption.