Leave a Comment Chuks Udo Okonta The Lagos State governor, Akinwunmi Ambode, has said his administration approved four more Pension Fund Administrators to boost the state’s pension processes and accord staff a wider range of options. Ambode, who spoke Tuesday at a town hall meeting in Abesan, in Lagos West […]
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Italy proposes common Eurozone unemployment insurance scheme
At yesterday’s Eurogroup meeting, Italian Finance Minister Pier Carlo Padoan proposed creating a common Eurozone jobless scheme that would be funded by the 19 EU member states sharing the single currency and could be tapped by countries experiencing sharp unemployment rate rises. The Italian government believes such a scheme could […]
Insurance firms show strength in half year
There is no fretting about the financial strength of insura nce companies in Nigeria, Africa’s largest economy as favourable combined ratios mean these firms are profitable without threats to going concerns. The average cumulative combined ratios (CR) of 15 quoted insurance firms stood at 89.37 percent in the first six […]
Jericho Broker Pleads Guilty to $830K Insurance Scam
A Jericho insurance broker pleaded guilty to stealing a total of $829,963.53 in insurance premiums and other funds from clients to pay for his personal expenses, acting Nassau County District Attorney Madeline Singas announced Monday. Joseph Koch, 57, was arrested in Aug. 2012 after an investigation revealed that he was […]
Plans on to offer free medical insurance to poor
State health department is planning to introduce a scheme offering free medical insurance for secondary care. Minister for health and family welfare U T Khader said that a scheme will be introduced in the state soon after cabinet approval. “We have been providing free medical insurance for tertiary care for […]
Insurance Broker Sentenced for Fraud
More than 800 commercial trucking companies in nearly a dozen states paid Atlanta-area insurance broker John Paul Kill approximately $3.7 million in premiums from 2013 to mid-2014 to purchase insurance that protected their livelihoods: their cargo and the trailers that carried it. There was only one problem—for the most part, […]
Senate President announces ministerial list
Senate President, Bukola Saraki has announced the names of 21 ministerial nominees forwarded to him last week Wednesday, September 30 by President Muhammadu Buhari. The nominees are, Abubakar Malami (SAN): Abdurahman Bello Dambazzau; Aisha Jumai Al Hassan; Alhaji Lai Mohammed; Babatunde Raji Fashola; Adebayo Shittu; Solomon Dalong; Senator Chris Ngige; […]
Nigeria needs to embrace change, plan for the future – Chief British economist Gerard Lyons
Leave a Comment Chuks Udo Okonta The second edition of the World Pension Summit ‘Africa Special’ (WPS-AS) kicked off in Abuja, Nigeria today with a welcome address from Chinelo Anohu-Amazu, Director General of PenCom, and a keynote speech from chief economist and global economic adviser, Dr. Gerard Lyons, amongst others. […]
WELCOME ADDRESS BY CHINELO ANOHU-AMAZU, DIRECTOR GENERAL OF THE NATIONAL PENSION COMMISSION, AT THE WORLD PENSION SUMMIT ‘AFRICA SPECIAL’ ON MONDAY 5TH OCTOBER 2015, AT THE CONGRESS HALL, TRANSCORP HILTON, ABUJA, NIGERIA
Protocols. It gives me great pleasure to welcome you to the Second Edition of the World Pension Summit ‘Africa Special’ being hosted in Abuja, Nigeria. In acknowledgment of the increasing significance of Pension Funds in engendering true development, this Summit, is designed to stir up practical and enduring strategies for […]
Pension assets hit N5tn – DG PenCom
Leave a Comment Chuks Udo Okonta The Director-General National Pension Commission (PenCom) Mrs Chinelo Anohu-Amazu, on Monday said pension Contributed by Retirement Savings Account (RSA) holders had risen to over N5 trillion. Anohu-Amazu disclosed this while speaking at the second edition of the World Pension Summit, Africa Special, held in […]
