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Wednesday, February 8, 2023

Universal Insurance Increases Gross Premium To N3.5bn

According to Universal Insurance Plc's chairman, Jasper Osita, the company's total premium increased to N3.5 billion in the fiscal year 2021. He claimed that Universal's...

FG Proposes N854.8bn For Pensions In 2023

In the budget for 2023, the Federal Government proposes to spend N854.8 billion on pensions, gratuities, and retiree benefits. This information was provided by...

Insurance Industry’s Six-Month Pay Peaks At N174bn

In the first half of 2022, the gross claims paid by the nation's insurance providers to customers increased by 0.2%. This information was provided...

Is It Legal To Drive Without Vehicle Insurance?

There’s no denying that auto insurance is very important for driving your car. With the accident rates climbing so high, reaching millions of passenger...

Stanbic IBTC Pension Managers Holds Pre-Retirement Seminar Series  

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings PLC recently held her annual pre-retirement seminar series in three states of the federation...

Elumelu Makes Recommendation For Insurance Firms

Tony Elumelu, the Chairman of Heirs Holdings, and the United Bank of Africa (UBA) Plc has recommended that insurance firms should be vibrant, and...

PenCom Approves 25% Withdrawal Of Funds For Residential Mortgage

The National Pension Commission (PenCom) has approved the issuance and immediate implementation of guidelines for Retirement Savings Accounts (RSA) holders to access their RSA...

Sanlam Emerging Markets Limited Acquires FBN Insurance Limited

Sanlam, Africa's largest non-banking financial services provider, announced the renaming of FBN Insurance to Sanlam Life Insurance Nigeria Limited on Wednesday. The move, according to...

Picture Story: Stanbic IBTC Pension Managers Pre-Retirement Seminar Port Harcourt, Rivers State

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Nigerian Airlines Struggle To Pay Insurance Premium –NAICOM

According to Leo Akah, Director of Policy and Regulations at the Nigerian Insurance Commission, Nigerian airline operators are having a very difficult time paying...

NBS Reports 17.28% Q2 Growth In The Insurance Sector

According to figures obtained from the National Bureau of Statics’ (NBS) GDP, the insurance sector grew by 17.28 per cent in the second quarter...

Contributory Pension Assets Peaks At N14.36tn

The Contributory Pension Scheme's assets increased from the N14.27 trillion reported in June 2022 to N14.36 trillion in July 2022. According to information gleaned from...

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