A pensioner, Mrs. Rose Arabameh Julius, has donated her entire monthly pension of Ten Thousand Naira to support the Buhari administration’s war against corruption. Mrs. Julius, who retired as a cleaner from the Lagos University Teaching Hospital, also promised to contribute N1,000 every month out of her pension towards the […]
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PFAs invest 70% of pension fund in FGN bonds, treasury bills
Longe By ZAKA KHALIQ(NEWSWATCH TIMES NEWSPAPER) At least 70 per cent of the N5.3 trillion pension fund has been invested in Federal Government bonds and Treasury Bills, Newswatch Times learnt. To this end, the Federal Government is currently using the fund to finance recurrent expenditure. While criticising some government officials, […]
Accrued pension rights to rise as FG may approve N50bn for 2016 retirees
Mrs Anohu-Amazu By ZAKA KHALIQ(NEWSWATCH TIMES NEWSPAPER) There are strong indications that the current Outstanding Accrued Rights may increase, when the 2016 budget is passed as the Federal Government only made provision for N50 billion as against N91 billion needed to pay the federal government workers who will retire in […]
Old Mutual shares jump 11% on potential break-up
The price of Old Mutual shares has jumped by 11 per cent in initial London trading and by 12 per cent in Johannesburg. News broke over the weekend that the company was considering whether to break up into its four constituent parts, which include an asset manager and an African […]
Wapic Insurance Group Appoints Managing Directors
The Board of Directors of Wapic Insurance Plc has announced the appointment of Mrs. Adeyinka Adekoya as the Managing Director/Chief Executive Officer of the company. The board also approved the appointment of Mr. Rantimi Ogunleye as the Managing Director of Wapic Life Assurance Limited. The company in a statement stated […]
IEI donates books to schools in Ogun State
From Left: The Honorable Commissioner for Education, Science and Technology for Ogun State Mrs Modupe Mijota and The Group Head, Business Development, IEI Plc, Mr Dele Oyetunji when IEI Plc donated Fifteen Thousand pieces of Exercise Books to School children in Public schools at the Ogun State Secretariat, Abeokuta. Leave […]
FBNInsurance sensitizes retirees on annuity
From left: Alhaji S. A. Olonade, Mrs. Mobonike Ogundipe, Adekunle Adeola, Head of Actuarial Services/ERM/Annuity and Valentine Ojumah, MD/CEO, FBNInsurance Limited at the FBNINSURANCE annuity seminar held in Lagos. Leave a comment and share Chuks Udo Okonta In keeping with her brand promise of helping her clientele “create and grow […]
FCTA to Drag Leadway, Lasaco, eight others to Anti-Graft Agencies
By Jaiyeola Andrews The Federal Capital Territory Administration (FCTA) has threatened to report some insurance firms involved in its Group Life Assurance scheme to the anti-graft agencies for their failure to settle indemnity claims to the several deceased staff. The FCT Permanent Secretary, Dr. Babatope Ajakaiye, handed out the threat […]
NAICOM woos micro insurance investors with low cost licences
Kari Leave a comment and share Chuks Udo Okonta We are encouraging investors to come and get smaller type of licence that would enable them operate in small areas, the Commissioner for Insurance, Mohammed Kari, has said. He told Inspen that the commission hopes to bring down the licence fee […]
IGI pays N2bn claims, promises improved service
Leave a comment and share Chuks Udo Okonta As part of efforts to improve its services and strengthen public confidence in the company, The Industrial And General Insurance Plc (IGI) has paid out N2 billion as claims to various categories of policyholders. Disclosing this in a statement at the weekend, […]
