* 4,487 pension clearance certificates issued in Q1 2023 Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has said it is illegal for employers and companies to use touts and agents to obtain the pension clearance certificates (PCC). A statement issued by PenCom today, […]
Author: admin
8,300 agents exit insurance agency network
Kindly leave a comment and share Chuks Udo Okonta There are fears over the future of Nigeria’s insurance agency network, as available data revealed that about 8,300 agents have left the industry in recent time. Data obtained from the website of Nigerian Insurers Association (NIA) showed that before now the […]
NCAA suspends XeJet operations over alleged fake insurance certificate
Kindly leave a comment and share The Nigeria Civil Aviation Authority (NCAA), on Wednesday, suspended the operations of XeJet over alleged fake insurance certificate. A letter referenced, NCAA/DGCAIGC/8/16/628, titled; Notice of Suspension of the Air Transport License (ATL) and Air Operators Certificate (AOC) EXJETJAOC/01-22/00, signed by the Director General, NCAA, […]
How self insurance harms you
Kindly leave a comment and share Chuks Udo Okonta Many people believe they can manage their risks, hence don’t consider insurance in their financial plan. This belief is known as self insurance. The concept of self insurance has led many people into poverty and even death as they were unable […]
Milestones put in place by National Pension Commission towards full implementation of contributory pension scheme
By Ivor Takor mni Esq In Nigeria, the first public sector pension scheme was the Pension Ordinance of 1951, with retrospective effect from 1st January, 1946. The law provided public servants with both pension and gratuity. Pension Decrees 102 and 103 (1979) were enacted for public service and military respectively, […]
NCRIB sets October 19, 2023 for investiture of incoming President Babatunde Oguntade
Kindly leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) has set Thursday, October 19, 2023 for investiture of its incoming President Prince Babatunde Oguntade. The President of NCRIB, Rotimi Edu, said this yesterday at the August 2023 Edition of NCRIB Members’ Evening […]
PenCom hammer dangles on employers submitting incomplete remittance documentations to PFAs
Kindly leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has given employers with incomplete remittance documentations till December 31, 2023 to provide their Pension Fund Administrators (PFAs) requisite information to facilitate the crediting of pension contributions into the employees RSAs or face regulatory actions. PenCom […]
Access Pensions surpasses N1tn assets under management milestone
Kindly leave a comment and share Chuks Udo Okonta Access Pensions Limited, a subsidiary of Access Corporation, has achieved an astonishing feat, surpassing the N1 trillion mark in assets under management (AUM). In an impressive trajectory, the Company – which emerged from the business combination of Sigma Pensions and First […]
GOCOP visits acting Customs CG, speaks on annual conference in Abuja
Kindly leave a comment and share The Guild of Corporate Online Publishers (GOCOP) has visited the acting Comptroller General of Nigeria Customs Service, CG Adewale Adeniyi, in Abuja as part of preparations for its Annual General Conference. The GOCOP team was led on the visit to the CG by its […]
How you can earn retirement benefits payments from both annuity and programmed withdrawal
Kindly leave a comment and share Chuks Udo Okonta Many workers at the point of retirement get trapped in dilemma of choosing either annuity or programmed withdrawal as best monthly benefits payments. But recent events in the country have shown that both have limitations. Owing to the emerging limitations occasioned […]
