Will Showcase Next Generation Aircraft and Target Reduction of Average Fleet Age Kenyan Minister of Transport, Infrastructure, Housing and Urban Development, James W. Macharia (left) and Rene Awambeng, in Handshake after a meeting held with the delegation in Nairobi a few hours before the beginning of the Roadshow The African […]
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CIIN deepens collaboration with CII UK on human capital development
From left: Richard Borokini, DG CIIN; Sian Fisher, CEO Chartered Insurance Institute UK; Funmi Babington- Ashaye, President Chartered Insurance Institute of Nigeria; Ven. Ladipo Ajayi Past President, CIIN; Dr Yeside Oyetayo, Rector College of Insurance & Financial Studies and John Bissell, COO, CII UK during Collaboration meeting between Chartered Insurance […]
PFAs pay N82.57bn to disengaged workers
Leave a comment and share Chuks Udo Okonta Pension Fund Administrators (PFAs) have paid N82.57 billion to 250,293 disengaged workers who have Retirement Saving Account (RSA) and under 50 years but were unable to get another job within four months of their disengagement. The National Pension Commission (PenCom) said N6.54 […]
Anchor Insurance appoints Augustine Ebose Managing Director
Ebose Leave a comment and share Chuks Udo Okonta Anchor Insurance Company Limited has announced the appointment of Augustine Ebose as its Managing Director, following the confirmation by the National Insurance Commission (NAICOM). A statement by the firm’s Brand and Corporate Communications Manager, Jamiu Osoba, said the Board of Directors […]
PenCom drags 61 employers to court, recovers N13.69bn unpaid pension contributions
Acting DG PenCom, Mrs. Aisha Dahiru-Umar, Leave a comment and share Chuks Udo Okonta The National Pension Commission (PenCom) has filed cases against 61 employers that failed to remit their outstanding pension contributions and penalties, even as it had recovered N13.69 billion from defaulting employers in five years. PenCom noted […]
Fraudulent insurance claims on the rise
It is estimated that as much at 32% of all claims submitted in any year are fraudulent. Tough times tend to elicit desperate behaviour from people. The slow economic growth, coupled with macroeconomic uncertainty, of the past few years have resulted in a marked increase in the amount of insurance […]
Insurers explain reasons for delay in filing 2017 accounts at NSE
Leave a comment and share Chuks Udo Okonta Insurance firms that could not meet the March 31, deadline for submission of their financial statements to the Nigerian Stock Exchange (NSE) said they were unable to submit due to delays arising from conclusions on the accounts. “The Management of AIICO Insurance […]
Economy GCR Affirms AIICO Insurance A(NG) Rating
Chairman AIICO Insurance, Bukola Oluwadiya By Dipo Olowookere Global Credit Ratings has affirmed the national scale claims paying ability rating assigned to AIICO Insurance Plc of A(NG), with the outlook accorded as Negative. GCR explained in a statement yesterday that the rating was affirmed because the insurer’s assets continue to […]
Lagos State pays over N1 billion to 183 retirees
Ambode Leave a comment and share Chuks Udo Okonta The Lagos State Government has released over one billion & twenty Four million naira for the payment of Pension entitlements of 183 Public Service retirees under the Contributory Pension Scheme (CPS) Dispensation for the month of March, 2018. Governor, Akinwunmi Ambode, […]
Pension: Insurance operators remit over N690.87m employees’ contributions
Leave a comment and share Chuks Udo Okonta Nine insurance companies and 18 broking firms remitted over N690.87 million of their workers’ pension contributions to Pension Fund Administrators (PFAs) last year, Inspenonline can report. The National Pension Commission (PenCom), disclosed this on its website, adding that the firms were also […]
