INSURANCE & PENSIONS

INSURANCE & PENSIONS

The National Pension Commission (PenCom) has accused Pension Fund Administrators (PFAs) of not crediting pension contributions. In the Commission’s Pension Summary First Quarter 2016 report, PenCom stated that ...
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Staco Insurance Plc has raised a whooping N1.6 billion new equity fund from its recent special placement. This was concluded with the listing of the supplementary shares on the ...
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Industrial and General Insurance Plc, IGI, has paid N1.2 billion as claims to its policyholders in eight months between January and August 2016. This brings the amount of claims paid ...
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Workers whose employers remit their pension contributions late stand the risk of losing their investment, the Regional Manager, Trustfund Pensions, Obafemi Arobadi, has said. Arobadi, who spoke at the ...
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Total Nigeria Plc, has offered its vast outlet network to boost retail insurance as it enters into strategic partnership with Leadway Assurance Limited to sell motor insurance to ...
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EFCC North Zone Recovered N199.5m in Ten Months
INSURANCE & PENSIONS

It said the leaderships of both agencies had met to discuss the modalities on how those that had consistently violated the provisions of the Pension Reforms Act, particularly ...
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Director General of National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu, yesterday disclosed that the value of pension assets as at July 2016, stood at N5.8 trillion while the ...
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  The value of pension assets as at July 2016, stood at N5.8 trillion while the portfolio value of Retirement Savings Account, RSA, is N3,882.58 billion, the Director ...
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BOI
INSURANCE & PENSIONS NEWSLETTER

Composite underwriting firm, Great Nigeria Insurance Plc, GNI, has said it paid a total of N0.7 billion claims to its clients between January and June 2016. The firm,  in a ...
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Nigeria and nine other countries accounted for over 92 per cent of written insurance premium in Africa, the African Insurance Organisation, AIO, revealed this at its just-concluded 43rd yearly ...
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Insurance and financial services group,Royal Exchange Plc has said it generated a gross premium of N8.43bn in the first half of 2016, representing a leap of 34 per cent over the figure ...
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NDIC Insurance
INSURANCE & PENSIONS

The Nigerian Deposit Insurance Corporation (NDIC) said it has paid N2.9 billion to 81,328 insured depositors of failed Microfinance Banks (MfBs) across the country as at December last ...
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Global pension assets have leaped significantly to $54trillion, the Chief Executive Officer of the World Pension Summit, WPS, Mr. Chris Battaglia made this known on Thursday, August 18. Battaglia, made ...
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The Central Bank of Nigeria (CBN) and the National Insurance Commission (NAICOM) have disagreed on terms and conditions for the operation of bancassurance for the banking and insurance ...
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Insurance companies are seeking ways to reduce operational cost in order to increase their profits. The Chairman, Sub Committee, Publicity and Communications of the Insurance Committee, Hassan Odukale, ...
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Staco Insurance plc has set up platforms that would enable clients pay online. Chairman of the company, Mr. Dere Otuba revealed this at the company’s 20th annual general meeting ...
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The insurance industry is putting modalities in place to partner with the Nigeria Interbank Settlement System (NIBSS) in the use of technology to reduce overhead costs. Chairman of ...
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NDIC Insurance
COVER INSURANCE & PENSIONS

The Nigeria Deposit Insurance Corporation (NDIC) on Sunday said it had granted approval for an upward review of its maximum deposit insurance coverage for the Primary Mortgage Banks ...
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COVER INSURANCE & PENSIONS NEWSLETTER

Oak Pensions Limited has grown its pension assets by 24.27 per cent to N48.5 billion from N39 billion where it stood in 2015, its Chairman, Awa Ibraheem has ...
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The Director-General, National Pension Commission. PenCom, Mrs Chinelo Anohu-Amazu, has said over N3 trillion investible pension fund with the potential to unlock the nation’s economy has remained untapped. ...
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