Investments, a Crain Communications publication and global media source for institutional investors, has announced the acquisition of the WorldPensionSummit and WorldPensionSummit Africa Special from Netherlands-based company, Global Platform BV. The WorldPensionSummits are platforms for global retirement industry professionals, thought leaders, policy makers, academics, and global asset management firms to address […]
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Oniwinde celebrates 76th birthday
Chuks Udo Okonta It was an atmosphere of joy and bliss as Elder (Dr) Adelani Kehinde Oniwinde celebrates his 76th birthday at his home in Lekki on 8th January. The insurance doyen is a Fellow of the Chartered Insurance Institute (CII), London and Chartered insurance Institute of Nigeria (CIIN). He […]
Insurers laud FG’s move to review insurance bill
CFI, Mohammed Kari Leave a comment Chuks Udo Okonta Insurance operators have commended the Federal Government for setting up a committee to review the insurance bill. The Director-General Nigerian Insurers Association (NIA) Sunday Thomas, in a telephone interview, with Inspen, said the move is a good development, stressing that the […]
FG Constitutes C’ttee to Review Insurance Bill
Mrs. Kemi Adeosun Ndubuisi Francis The federal government has constituted a ten-member committee to review the Insurance (Consolidated) Bill, a move that seeks to make the bill conform with the ideals of contemporary insurance practice. It is also aimed at ensuring an efficient insurance industry in the country. The impending […]
How to earn huge monthly pension under CPS
PenCom’s Director-General Chinelo Anohu-Amazu Leave a comment Chuks Udo Okonta John Peter not real name, retired from one of the Federal Government’s agencies and had N6 million in Retirement Savings Account (RSA) and was paid N1.4 million as lump-sum and the balance N4.6 million was used to procure programmed withdrawal […]
NAICOM to delist 150 more broking firms
Leave a comment Chuks Udo Okonta At a time the dust raised over the delisting of 108 insurance broking firms is still spreading, the National Insurance Commission (NAICOM) is considering delisting 150 more firms, Inspen has learnt. Our source stated that the planned delisting is strictly handled by the commissioner […]
BPE Denies Holding Back N27bn PHCN Pension Premium
Chima Akkwaja The Bureau of Public Enterprises (BPE) has distanced itself from the huge outstanding insurance premium of staff of the Power Holding Company of Nigeria (PHCN) who died in active service. The Bureau confirmed there is outstanding premium of about N27,188,232,208.20 for which payment has not been made. According […]
FG To Introduce Death Insurance For Soldiers Fighting Insurgency
Dan-Ali Agency Report Leave a comment The Minister of Defence, retired Brig.-Gen. Mansur Dan-Ali, said on Friday that the Federal Government would introduce insurance package for soldiers fighting insurgency in the North-East. Dan-Ali made the disclosure while briefing newsmen shortly after a Special Juma’at Prayer to mark the 2016 Armed […]
Insurance market in Nigeria will see solid growth this year
Experts are predicting that, regardless of the challenges in the country, the industry will be growing faster. A recent analysis has been published by KPMG and has predicted that the insurance market in Nigeria will see its growth picking up speed despite some of the challenges it has been facing […]
Insurance buyers to use NIN from Sept 1
Leave a comment Chuks Udo Okonta From September 1, this year, the National Identification Number (NIN) would be use in the purchase of insurance policies, Inspen has learnt. The General Manager Legal Services, National Identity Management Commission (NIMC), Mrs Hadiza Dagabana, disclosed this on Saturday, while making some clarifications on […]
