Ten thousand naira a week times fifty two weeks a year comes to N520,000 to keep your car on the road per annum. Let us even assume you use it only half of the time; that is still N260,000, a far cry from the N15,000 premium per annum for third party premium. I personally feel the challenge people have with the hike in the rate of TP premium is the general lack of appreciation of insurance in Nigeria (insurance penetration in Nigeria is less than one percent) and lack of appreciation of the benefits of Motor TP Insurance.
The All Progressives Congress (APC) alleged on Sunday that the Peoples Democratic Party (PDP) had recruited social media actors to mount a campaign of calumny against it and its presidential candidate, Asiwaju Bola Ahmed Tinubu.Read more
Big Brother Naija (BBNaija) reality star, Hazel Oyeze Onou, popularly known as Whitemoney, has revealed how money hawkers have started trading the new currency, stressing that N700,000 was sold for N1 million at a party. Sharing his experience, Whitemoney disclosedRead more
Jailed Brazilian soccer star and former Barcelona defender, Dani Alves has made his prison football debut. According to La Vanguardia, Alves recently made his debut in prison football. TheNewsGuru.com reports that the Brazilian right-back is in jail on suspicion ofRead more