PRESS RELEASE • Francis Okoli appointed Group Chief Financial Officer The Board of Directors of Royal Exchange Plc, Nigeria’s leading Insurance and Asset Management Group is pleased to announce the appointments of the following officers to direct affairs of the group. The appointments are: • Alhaji Auwalu Muktari, former Group […]
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NAICOM is working to make insurers richer, better – Kari
Kari Leave a comment Chuks Udo Okonta The Commissioner for Insurance Mohammed Kari, says the National Insurance Commission (NAICOM) is working hard to make insurance institutions richer and better, but wondered why they are not taking advantage of the opportunities created by the commission. Kari, who disclosed in Lagos, said […]
Stakeholder wants President Buhari to use pension tackles corruption
President Buhari Leave a comment Chuks Udo Okonta President Muhammadu Buhari has been urged to use the enforcement of Contributory Pension Scheme (CPS) as tool to tackle corruption as people will shun illicit activities when they know their future is secured. A concerned stakeholder said this in Lagos, stressing that […]
How to boost prices of insurance stocks – Shareholder
Shareholders at an event Leave a comment Chuks Udo Okonta The Coordinator Independent Shareholders Association of Nigeria (ISAN) Sir Sunny Nwosu, says reducing the volume of insurance stocks as against the present huge volume in circulation would help push up the prices. He told Inspen in an interview that inadequate […]
States’ pension woes split democrats and union allies
A $1 trillion U.S. pension gap is dividing two longtime allies: Democrats and unions. Left-leaning politicians from Rhode Island to California are increasingly supporting more aggressive overhauls of government pension benefits despite opposition from labor officials, traditionally one of the Democratic Party’s biggest policy and electoral supporters. The erosion of […]
What will happen to pensions in 2016?
2015 has been a huge year for pension changes – but 2016 could also be packed with surprises This year has been one of huge changes to the pensions landscape. In April new freedoms were introduced that allow savers to spend their retirement funds how they like. Or at least […]
Insurance rip-offs are a Nationwide problem
Patrick Collinson First the bad news. When I promised last week to name and shame the companies accused of overcharging loyal customers for home insurance, I didn’t think it was going to feature Nationwide, usually one of the better behaved financial services providers. The good news is that Nationwide has […]
Regulator to tighten controls for insurance companies
By Li Xiang BEIJING, Dec. 30 (Xinhuanet) — The China Insurance Regulatory Commission said on Tuesday that it would tighten regulations for insurers to reduce the risks from equity investments. Several insurance firms have been making aggressive equity investments recently with leveraged trading and this could endanger their ability to […]
NCRIB Commiserates with Galaxy TV, others over fire disasters
Okunoren The Nigerian Council of Registered Insurance Brokers (NCRIB) has condoled with management of Galaxy Television which station was gutted by fire recently in Lagos. The Council also extended the same message to victims of recent fire outbreak in Lagos and other parts of the Country. In a release signed […]
NCRIB appeals to NAICOM over delisted brokers
The Nigerian Council of Registered Insurance Brokers (NCRIB) has appealed to the National Insurance Commission (NAICOM) to revisit the case of some of the 108 delisted broking firms as some of them made errors that are deliberate. Executive Secretary, Nigerian Council of Registered Insurance Brokers (NCRIB), Fatai Adegbenro, who made […]
