Ayeiroyin

"Nigeria is 5th biggest insurance market in Africa with overall market share of 85 percent of premium. General-Secretary of the African Insurance Organization (AIO)" Ms Prisca Soares said while addressing a press conference after the launching of the second Africa Insurance Barometer at the 44th AIO Conference and General Assembly in Kampala, Uganda that insurance market in the continent was still dominated by South Africa. The other major markets, she mentioned, include Morocco, Egypt, Kenya and Nigeria while the top five markets account for 85 percent of the total premiums. Kenya grew fastest in 2015 achieving a compound annual growth rate of slightly more than 10 percent from 2011 – 2015 Soares said, “With a volume of $46 billion, representing 72 percent of the total insurance premiums in the continent, South Africa is still by far Africa’s largest insurance e market.” Of the five major markets, South Africa tops the list followed by Kenya, Morocco and Egypt while Ni...

The Premier League Champions, Chelsea defected by 2-1 to  Arsenal in the 2017 FA Cup final    yesterday at the Wembley Stadium . The veteran player  Aaron Ramsey sealed the record-breaking FA Cup triumph for Gunners. Meanwhile Victor Moses was sent off after being shown two yellow card for diving, which left the Chelsea fans in uproar as they felt the Nigerian should have instead been handed a penalty against Arsenal. This is indeed Moses’ first red card in his entire football career so far. The Chelsea wing-back was first booked in the 57th minute after he brought down Arsenal striker Danny Welbeck as the Blues trailed their London rivals by one goal to nil. After his Chelsea teammate N’Golo Kante was subsequently shown a yellow card, Moses was then given his marching orders for an apparent dive in the box. Nevertheless the 26-year-old went down in the area under pressure from Alex Oxlade-Chamberlain and, as the Chelsea fans stood up to appeal for a pe...

There was a peace obstructing at the All Progressives Congress primaries for local government elections in Lagos yesterday as some of the delegates were obstreperous over what they described as an attempt to impose candidates on them. According to  Channels TV  trouble erupted after 18 candidates were returned unopposed and a voice vote was called to choose the remaining candidates for the council poll, which is slated for July the 22, 2017. Some of the delegates who were opposed to the use of voice vote protested the process, which they believe would lead to the imposition of candidates. They threw caution to the wind as delegates upturned tables, threw away ballot boxes and other materials meant for the election at the Teslim Balogun Stadium.