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Contributory Pension Assets Rise To N8Trn

The National Pension Commission, PenCom, has disclosed that the Nigeria’s pension contributions have risen to N8 trillion up from the N7.779 trillion savings recorded in March this year. The Head of Research and Corporate Strategy Department at the commission Dr. Farouk Aminu, gave this hint during his contributions in a television programme. Farouk explained that […]

Insurance & Pension Latest News

Okonjo-Iweala Tasks Insurance Industry Policy Makers On Education

Nigeria’s Minister of Finance, Dr Ngozi Okonjo-Iweala, has advocated improved education for insurance policy makers in order to achieve deeper insurance penetration in the country. Okonjo-Iweala, who gave the advice today at the sidelines of the 53rd Annual Meeting of the African Development Bank (AfDB), in Busan, South Korea, noted that the low level of […]

Insurance & Pension Latest News

PenCom Issues Draft Micro Pension Plan Guidelines

Determined to achieve improved enrolment of low income earners in the Contributory Pension Scheme (CPS), the National Pension Commission (PENCOM), has released a new draft guidelines for micro pension plan implementation in the country. Under the latest guidelines, contributors can decide to make contributions by cash, electronically or any payment platform approved by the Central […]

Insurance & Pension Latest News

Goldlink Insurance To Raise N10bn Through Rights Issue, Others

Goldlink Insurance Plc, one of Nigeria’s leading risk underwriting company, has unveiled plans to raise N10 billion through rights issue and ordinary as well as preference share. The company’s Acting Managing Director and Chief Executive Officer, Mrs.  Funke Moore, who gave this hint during a pre-Annual General meeting (AGM) media chat, confirmed that the National […]

Insurance & Pension Latest News

NIACOM Warns Customers On Unlicensed Risk Underwriters’ Patronage

The National Insurance Commission (NAICOM) has advised insurance customers not to do risk underwriting business with unlicensed operators in the insurance industry as well as allot proportion of risk to local underwriters without taking due cognisance of the insurers’ capacity. The commissioner for Insurance, Mohammed Kari, who gave the advice during a chat with media […]

Insurance & Pension Latest News

NAICOM Takes Over Unic Insurance Plc, Appoints Interim Board

The National Insurance Commission (NAICOM) today confirmed that it had taken over the management of Unic Insurance Plc to reposition the company on the track of sustainable growth. The commission’s spokesman, Rasaaq Salami, confirmed this in Lagos, stating that the takeover was necessitated by the need to avoid the risk undertaking company from going into […]