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INSURANCE & PENSIONS

INSURANCE & PENSIONS

AIICO Insurance
COVER INSURANCE & PENSIONS NEWSLETTER

AIICO Insurance Plc has appointed Mr. Babatunde Fajemirokun as the managing director/chief executive officer (MD/CEO) effective August 14, 2019. He replaces Mr. Edwin Igbiti, who retired on July ...
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Nigerian insurance firms may lose 72 per cent of the insurance business in the Dangote Oil Refining Company whose insured value has been put at $6.8billion to foreign ...
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Dangote Refinery
COVER INSURANCE & PENSIONS NEWSLETTER

European, American, S’Africa financiers make incursion into industry With the new benchmark on minimum capitalisation for insurance underwriting firms announced by the National Insurance Commission (NAICOM), coupled with ...
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NHIS
COVER INSURANCE & PENSIONS

Barring any contrary directive from the Federal Government, the management of the National Health Insurance Scheme (NHIS) may be compelled to pay its dismissed Executive Secretary, Professor Usman ...
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Oshiomhole
INSURANCE & PENSIONS

The National Chairman of the All Progressives Congress (APC), Adams Oshiomhole has declared that monies from staff pension deductions are not meant to be used for budget deficit ...
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PenCom
COVER INSURANCE & PENSIONS NEWSLETTER

The National Pension Commission (PenCom) has introduced an Enhanced Contributor Registration System (ECRS) meant to solve the challenges faced with the existing Contributor Registration System (CRS). Aside helping ...
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Infinity Trust
INSURANCE & PENSIONS

The unaudited reports for the first six months ended June 30th, 2019 of Infinity Trust Mortgage Bank Plc revealed an improvement of 44.7% in topline figures to close ...
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Buhari
COVER INSURANCE & PENSIONS NEWSLETTER

Appoints Prof Sambo as new head President Muhammadu Buhari has approved the termination of the appointment of the Executive Secretary of National Health Insurance Scheme (NHIS), Prof. Usman ...
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PenCom
COVER INSURANCE & PENSIONS NEWSLETTER

The National Pension Commission (PenCom) on Wednesday said over N3.4 billion pension contribution fund deducted by states from employees’ salaries was yet to be remitted into the employees’ ...
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African Oil and Energy Pool
INSURANCE & PENSIONS NEWSLETTER

The African Oil and Energy Pool has an underwriting capacity of $90 million as at December 31, 2017, African Insurance Organisation Secretary-General, Ms. Prisca Soares, has said. She ...
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The Federal Government says the verification and payment of ex-workers of the defunct Nigeria Airways Limited (NAL) in Diaspora will begin on Monday in London, United Kingdom (UK). ...
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FCTA Approves N1.2 billion
COVER INSURANCE & PENSIONS NEWSLETTER

The Federal Capital Territory (FCT) Administration has approved the sum of N1,284,000,000 for the payment of FCT retirees. The Director and Chief Executive Officer, FCT Area Council Pension ...
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INSURANCE & PENSIONS

Nigeria will play host to all insurance operators across Africa and the world comes next year 2020. The Secretary General, African Insurance Organization (AIO), Prisca Soares, disclosed this ...
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Kari
INSURANCE & PENSIONS

The Commissioner for Insurance, Mohammed Kari, has said, the ongoing recapitalization will allow insurance companies in the country to retain huge risks which are presently ceded abroad. He ...
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Bankers Committee
COVER INSURANCE & PENSIONS

Laud reappointment of Emefiele To disburse funds to creative industry The Bankers’ Committee Thursday canvassed for the release of N2 trillion out of the N9 trillion pension fund ...
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FGN Bonds
COVER INSURANCE & PENSIONS

The National Bureau of Statistics (NBS) has disclosed that FGN Bonds contributed 49.37 per cent of N9.03 trillion total pension funds asset in first quarter (Q1) of 2019. ...
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Pension
INSURANCE & PENSIONS

The Lagos State Government had expended over N46 billion as accrued pension rights on 11,000 retirees in the last 46 months, the Director-General, Lagos State Pension Commission (LASPEC) ...
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CPS
INSURANCE & PENSIONS

Total assets under the Contributory Pension Scheme (CPS) stood at N8.9tn as of the end of February 2019, according to latest figures from the National Pension Commission (PenCom). ...
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Dangote Refinery
INSURANCE & PENSIONS NEWSLETTER

The insurance sector regulator, the National Insurance Commission (NAICOM), yesterday announced a major increase in the minimum paid-up share capital of insurance and reinsurance firms. Under the new ...
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Edo State Pensioners
INSURANCE & PENSIONS

For pensioners in Edo State, it’s a new lease of life as the government has not just systematically cleared backlog of pension arrears that piled up in the ...
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