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Tuesday, June 28, 2022

PenCom Recovers N422.34M Not Remitted By Employers In Q1, Penalises 6 Employers

The National Pension Commission (PenCom) revealed that ₦422.34 million was recovered from defaulting employers who failed to remit pension contributions by their employees to...

2023: “No Pension, No Vote” – Pensioners Tell Governors

The Nigeria Union of Pensioners vows to vote against governors owing pensions during the upcoming 2023 general elections. Godwin Abumisi, the President of the union,...

NAICOM Strategises To Benefit From AfCFTA

A committee has been established by the National Insurance Commission (NAICOM) to coordinate the industry's strategic response to the African Continental Free Trade Area...

Prestige Assurance Records Gross Written Premium By 32%

Prestige Assurance Plc recorded 32 per cent growth in gross written premium in its 2021 financial accounts. The acting Chairman of the company, Dr Muftau...

NLIP Urges Member Companies To Bolster Insurance Pool

As the insurance industry's premiums climb, the Nigeria Liability Insurance Pool, or NLIP, has urged member companies to bolster the pool by ceding more...

FG Rates Insurance Sector’s Contribution To GDP As Low

The Minister of Finance, Budget, and Planning, Zainab Ahmed, has advised insurance operators to improve the low contribution of the sector to the country’s...

NEM Insurance Company Pays N11.6bn Claims In 2021

Nem Insurance Plc disbursed N11.6bn to its claimants in the 2021 financial period. The Chairman of NEM Insurance, Dr. Fidelis Chairman, revealed this during...

ARIAN Pledges To Promote Insurance In Sports

The Association of Registered Insurance Agents of Nigeria (ARIAN) has pledged to promote insurance awareness through sports. The announcement was made in a statement titled...

African Insurance Advocates For Lobbying For Insurers To Drive Penetration

Mr Tope Smart, President of the African Insurance Organisation, has urged African underwriters to increase penetration through lobbying. He spoke ahead of the AIO's 48th...

PenCom Urges Contributors To Participate In Data Update, Lists Requirements

The National Pension Commission (PenCom) has urged all Retirement Savings Account holders to visit any branch of their Pension Fund Administrators to participate in...

Protesting Pensioners Urge FG TO Take Action Against Non-Payment Of Gratuities

Concerned PHCN Pensioners staged a demonstration at the Pension Transitional Arrangement Directorate's (PTAD) liaison office in Tafawa Balewa Square, Lagos, over the non-payment of...

FBN Insurance Pays N16.1bn Damage Claims In 2021

Life insurance underwriter FBN Insurance has announced that it paid N16.1 billion in claims to its customers in 2021. FBNInsurance Managing Director Val Ojumah...

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