Who is the owner of Nicon Insurance?
Assets Management Corporation of Nigeria
NICON Insurance Limited, one of Africa’s leading insurers is wholly owned by the Assets Management Corporation of Nigeria (AMCON), and the Ministry of Finance Incorporated (MoFI) through the Bureau of Public Enterprises (BPE).
What is Nicon Nigeria?
NICON Insurance Limited, one of Africa’s leading Insurers was originally owned by the Federal Government of Nigeria. The Corporation was established by Decree No. Besides its business offices in Nigeria, NICON also has offices in the oil-rich Island of Sao Tome and Principe and Central London.
What is the full meaning of Nicon?
National Insurance Corporation of Nigeria
Acronym. Definition. NICON. National Insurance Corporation of Nigeria.
Is Nicon a company?
Company Description: NICON INSURANCE PLC is located in Abuja, Nigeria and is part of the Insurance and Employee Benefit Funds Industry. NICON INSURANCE PLC has 900 employees at this location.
What are Nicon duties?
16 Other functions of NICON include: (a) to reinsure with any insurance company, reinsurance company, or association of underwriters, any risk undertaken by the corporation and for that purpose, to enter into reinsurance contracts; (b) to accept on reinsurance, any part of risk undertaken by any other person (being …
What is Nicon analogy?
GTB is to bank as Nicon is to Insurance Company. Reason: GTB is a bank and Nicon is an Insurance Company.
What is the first insurance company in Nigeria?
The First Insurance Companies in Nigeria The Royal Exchange Assurance Agency officially became the oldest insurance company in the history of insurance in Nigeria.
How many types of insurance do we have in Nigeria?
Under Section 2 of the Insurance Act, there are two main classes of insurance business: life and general insurance businesses. Life insurance business is further classified into: individual life insurance; group life insurance and pension business; and.
Is FBN Insurance owned by First Bank?
FBNHoldings’ principal subsidiary is First Bank of Nigeria Limited (FirstBank), Nigeria’s foremost financial institution and leading banking services provider.