Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

NCRIB asks government to remove bidding fee  

Titobioluwa Okunade by Titobioluwa Okunade
November 6, 2019
in Business News
NCRIB asks government to remove bidding fee  

Bola Onigbogi

Share on FacebookShare on TwitterShare on Linkedin

The National Council of Registered Insurance Brokers (NCRIB) has asked the Nigerian government to prevent its agencies from collecting license renewal fees from its members.

According to President of NCRIB, Mrs Bola Onigbogi during her investiture as the 20th President of the Council, the collection of these fees is against the drive of the current government to increase the level of ease of doing business in the country and is completely unfavourable to her members.

“One of the challenges of the sector is the issue of government institutions and parastatals requesting for prohibitive non-refundable bidding fees from brokers. We must know that insurance brokers are not contractors but professional service providers like doctors and lawyers, who only offer services. Asking them to pay huge bidding fees is inappropriate. If at all, the fees should be marginal.

RelatedPosts

Insurance industry can engage over 5,000 graduates yearly – Bola Onigbogi

FG seeks partnership with National Council of Registered Insurance Brokers, here’s why 

“Another issue is government agencies charging fees to recertify documents issued by them to brokers such as licenses, certificates of incorporation, taxpayers and so on. This is purely inimical, and at crossroad with the ease of doing business intention of President Buhari’s administration,” Bola Onigbogi.

Mrs Onigbogi acknowledged that the biggest buyer of insurance is the government and advocated for quick payment premiums already budgeted for which could help grow the industry and motivate development in the national economy.

News continues after this ad


Also present at the investiture was the Deputy Chairman, House Committee on the Federal Capital Territory (FCT) Judiciary, Omowunmi Ogunlola, who said the insurance industry had image problems and poor public awareness about its services and benefits of its services.

Ogunlola, who delivered the investiture lecture titled: “Building Image, Sustaining legacies,” decried that Nigerians had poor understanding of roles of insurance brokers.

“Many potential clients often see Insurance brokers as people who want to complicate and confuse them in the already complex arrangement.” 

News continues after this ad


The Deputy Chairman tasked the NCRIB to build a better image for the Council, as a buoyant image for the institution will play a catalytic role in Nigeria’s financial ecosystem.

Related

Tags: Mrs Bola OnigbogiNational Council of Registered Insurance BrokersOmowunmi Ogunlola

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Collaboration, Key to Driving Growth in Nigeria’s Financial Industry
    • Aliko Dangote’s wealth drops to $19 billion, now 80th world’s richest
    • Coroner says 21-storey Ikoyi building collapsed due to negligence by regulatory agencies

    Follow us on social media:

    Recent News

    Collaboration, Key to Driving Growth in Nigeria’s Financial Industry

    Collaboration, Key to Driving Growth in Nigeria’s Financial Industry

    August 10, 2022
    Dismantle trade barriers to grow Africa’s economy, Dangote urges leaders

    Aliko Dangote’s wealth drops to $19 billion, now 80th world’s richest

    August 10, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com