Leave a comment and share Stanbic IBTC Pension Managers Limited, has described as fundamental the role of employers in Nigeria’s nascent Contributory Pension Scheme (CPS), a status that obligates them to highlight the importance and value of pension provision among their employees. This was as employers of labour in Nigeria’s […]
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Don’t Offer Products with Insurance Features, CBN Warns Banks
Obinna Chima The Central Bank of Nigeria (CBN) has advised banks under its regulation not to offer products that incorporate insurance features. The banking sector regulator also urged the financial institutions not to offer free premium payments as a feature of any of their products. The CBN stated this in […]
Retirees pay N157.09bn annuity premium to insurers
Leave a comment and share Chuks Udo Okonta Annuity premium paid by retirees to life insurers as at June 2016 stood at N157.09 billion, Inspen has learnt. The National Pension Commission (PenCom) stated this in its 2016 second quarter report. PenCom noted that it approved a total of 2511 applications […]
Photos: Faces at 2017 insurance chief executive officers retreat
Chairman, Nigerian Insurers Association, Eddie Efekoha (Middle) and council members of the NIA at the event. Chairman, Nigerian Insurers Association, Eddie Efekoha Chief Executive Officers of insurance companies at the event.
169,419 disengaged workers get N52.91bn from PFAs
Leave a comment and share Chuks Udo Okonta About 169,419 Retirement Saving Account (RSA) holders under the age of 50 years who were disengaged from work and were unable to secure another job within four months of disengagement, have received N52.91 billion as 25 per cent of their RSA balance, […]
Wapic Insurance Profit Falls By 28% to N1.193bn
Wapic Insurance Plc’s audited financial results for the period ended 31st December, 2016, have shown that its profit before tax (PBT) dropped by 28 per cent to N1.193 billion, from the N1. 668 billion recorded in 2015. Also, its underwriting profit reduced by 74 per cent to N381 million. This […]
Wapic Insurance Plc’s audited financial results for the period ended 31st December, 2016, have shown that its profit before tax (PBT) dropped by 28 per cent to N1.193 billion, from the N1. 668 billion recorded in 2015. Also, its underwriting profit reduced by 74 per cent to N381 million. This […]
BusinessToday unveils nominees for award
The management of BusinessToday online, a business online news channel, has unveiled the nominees for 2016 Nigerian insurance and pension awards. A statement by the Publisher/Editor-in-Chief, NKECHI NAECHE said 23 firms drawn from the insurance and pension sectors have been selected for various categories and will be voted for by […]
Efekoha reaffirms vision to reposition insurance
Efekoha Leave a comment and share Chuks Udo Okonta The Chairman, Nigerian Insurers Association (NIA), Eddie Efekoha, has reaffirmed his commitments to take the insurance industry to lofty heights. He disclosed this at the just concluded 2017 Chief Executive Officers (CEOs) Retreat organised by the NIA in Lagos. He pledged […]
NCRIB faults force merger for brokers
Leave a comment and share Chuks Udo Okonta The President of the Nigerian Council of Registered Insurance Brokers (NCRIB) Kayode Okunoren, has said force merger cannot be the panacea for insurance brokers to remain afloat. Okunoren, who disclosed this at a press parley in Lagos, noted that it would be […]
