President Muhammadu Buhari Leave a comment and share Chuks Udo Okonta Nigerian Shareholders under the umbrella of Palm Wealth Shareholders Association (PWSA) as Applicants,has sued the Federal Government of Nigeria at Federal High Court of Nigeria, Abeokuta Division, over its plan to borrow from unclaimed dividends and other matters. The […]
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SUNU Assurances achieves 100% subscription on N3.01bn private placement
Ogbodu Leave a comment and share Chuks Udo Okonta The private placement exercise of Sunu Assurances Nigeria Plc., has been fully subscribed at 100 per cent, the Managing Director of the company, Samuel Ogbodu, has said. Ogbodu in a statement made available to journalists expressed delight that the private placement […]
PenCom drives CPS with compliance certificates issued to 1911 firms
Director General, National Pension Commission, Mrs. Aisha Dahir-Umar-Umar Leave a comment and share Chuks Udo Okonta Committed to ensuring that successes achieved over the years are sustained, the National Pension Commission (PenCom) had issued compliance certificates to 1911 firms as at January this year, to enable the organisations transact business […]
Insurers support economy with N747.06bn claims in 5 years
Leave a Comment and share Chuks Udo Okonta living up to their responsibilities, insurers have continued to support the economy by paying N747.06 billion claims within a period of five years to organisations and individuals that suffered losses. Available data obtained from the Nigerian Insurers Association (NIA) revealed that in […]
Greener Pastures: Food for Thought
Tega Leave a Comment and share By Tega Adeda, CFA According to the Food and Agriculture Organization (FAO), global food commodity prices hit a six year high in December, led by an increase in the price of wheat, corn, soybeans and palm oil. This has now brought the subject of […]
Linkage Assurance hosts NCRIB Lagos Area Committee General Meeting
Leave a Comment and share Chuks Udo Okonta Linkage Assurance Plc will on Thursday, February 11, 2021 host the Nigerian Council of Registered Insurance Brokers (NCRIB) Lagos Area Committee (LAC) general meeting. The meeting slated to take place at the Insurance Brokers’ House, 58 Moleye Street Alagomeji Yaba & Zoom […]
Buhari reappoints Folashade Joseph as NAIC MD
Mrs. Joseph Leave a comment and share Chuks Udo Okonta President Muhammadu Buhari had approved the reappointment of Folashade Joseph as the Managing Director and Chief Executive Officer (CEO) of the Nigerian Agricultural Insurance Corporation (NAIC) for another term. This was disclosed in a letter signed by the Minister of […]
Sovereign Trust Insurance delights claimants with N2.9bn payout in 2020
Soyinka Leave a comment and share Chuks Udo Okonta Sovereign Trust Insurance Plc has continued to affirm its commitment and capacity to obligate all genuine claims as and when due, as it settled claims totaling N2 90 billion to various insured spread across the country, in 2020. A statement by […]
Insurance brokers, agents earn N54.11bn Commission
Leave a Comment and share Chuks Udo Okonta Insurance brokers, agents and other intermediaries earned N54.11 billion commission from underwriters in 2019, Inspenonline can report. Data obtained from Nigerian Insurers Association (NIA) revealed that non life insurance firms paid N35.09 billion commission to the intermediaries, while life operators paid N19.02 […]
Pension assets gained N2.48tn in 2020
Leave a comment and share Chuks Udo Okonta Pension fund assets gained N2.48 trillion in 2020, as contributed fund which stood at N9.81 trillion as at January 1, 2020, peaked at N12.29 trillion by December 31, 2020. Data obtained from the National Pension Commission (PenCom) revealed that as at December […]
