Kindly leave a comment and share Chuks Udo Okonta The Federal Government has released N13.89 billion for payment of accrued pension rights for Contributory Pension Scheme (CPS) retirees who retired in the year 2022, National Pension Commission (PenCom) has said. PenCom noted that the release for for retirees under treasury-funded […]
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Issues in pension enhancement vis-à-vis pension review and constitutional provision by Ivo Takor
Kindly leave a comment and share The National Pension Commission (PenCom) on 20 December, 2022 announced pension enhancement for retirees on programmed withdrawal under the Contributory Pension Scheme (CPS), who have accumulated significant growth in their Retirement Savings Accounts (RSAs) with effect from February 2023. The current enhancement will be […]
Premium Pension hits N1tn assets under management
Kindly leave a comment and share Chuks Udo Okonta Premium Pension Limited, one of the first seven Pension Fund Administrators (PFAs) to be licensed in December 2005 has attained a position of over N1 trillion in Assets under Management (AUM). A statement by the firm’s Head, Corporate Communications, Aliyu Mohammed […]
Why African insurers must adopt ESG 1 for sustainable growth – ICEA LION Group CEO
Kindly leave a comment and share Chuks Udo Okonta Insurance regulators and operators in Africa have been enjoined to adopt ESG (Environmental-Social-Governance) ESG to drive sustainable growth of the market on the continent. The clarion call was made by Philip Lopokoiyit, Chief Executive Officer (CEO), ICEA LION Holdings at the […]
Sovereign Trust Insurance assures policyholders robust services in 2023
Kindly leave a comment and share As part of its commitment to delighting every policyholder under the stable of Sovereign Trust Insurance Plc, the Management has again given the assurance that 2023 will be mutually rewarding for all its Policyholders home and abroad be it individuals or corporate organisations. A […]
2023: Igbiti implores insurance practitioners to convert challenges to opportunities
Kindly leave a comment and share Chuks Udo Okonta The President Chartered Insurance Institute of Nigeria (CIIN) Edwin Igbiti, in a new year message, has implored insurance practitioners to convert economic challenges to opportunities as risk bears in 2023. Igbiti noted that indeed 2022 was an interesting and remarkable year […]
Stanbic IBTC Bank Nigeria PMI: Output prices rise at second-fastest pace on record
Kindly leave a comment and share Customer demand improved again in the Nigerian private sector at the end of 2022, supporting further rapid increases in both new orders and business activity. In turn, firms took on additional staff, albeit only slightly. Meanwhile, currency weakness continued to exacerbate cost pressures, subsequently […]
Expert recommends graduation of third party premium, claims
Kindly leave a comment and share Chuks Udo Okonta As different groups mount pressure on the National Insurance Commission (NAICOM) to withdraw its new vehicle insurance third party policy, an expert has recommended the graduation of premium and claims payment to cater for different class of motorists. The insurance expert, […]
NAICOM may extend implementation date of new premium regime
Kindly leave a comment and share Chuks Udo Okonta Owing to opposition from different stakeholders on the new premium and claims regime announced by National Insurance Commission (NAICOM) which ought to fully commenced today January 1, 2023, the insurance regulator may consider extension of the date to give room for […]
Insurers woo motorists with N5000 third party cover in last minute deal
Kindly leave a comment and share Chuks Udo Okonta Insurance companies are reaching out to prospective vehicle owners to quickly insure their vehicles today at the rate of N5000 before the implementation of the new premium tariff of N15,000 which commences tomorrow, January 1, 2023. Inspenonline obtained a message sent […]
