Barely three months after the death of Oba Okunade Sijuwade, Prince Adeyeye Enitan Ogunwusi of the Giesi ruling house has emerged the 51st Ooni of Ile-Ife, Osun State governor Rauf Aregbesola has said in a press statement. Aregbesola said in the brief statement that the kingmakers of Ife had completed […]
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Tribunal upholds Okowa’s election
The Delta State Governorship Election petition sitting in Asaba, the state capital, has upheld the election of the Peoples Democratic Party (PDP) candidate Governor Ifeanyi Okowa. The tribunal also dismiss the challenge posed by Olorogun O’tegha Emerhor of the All Progressives Congress. The Delta State Governorship Election Petition Tribunal […]
Government to ease safe harbour rules to attract PE investors to India
The government is set to ease a few pre-set conditions for offshore fund managers to allow private equity investors to shift base to India without attracting a tax on capital gains by relaxing safe harbour rules, people familiar with the matter said. The government is likely to allow a ‘see […]
Swiss Mobile-First Insurance Broker Knip Picks Up $15.7M Series B
The digitisation of legacy industries shows no signs of slowing and nor does the enthusiasm of VCs for startups doing just that. Knip, the Swiss ‘mobile-first’ digital insurance broker, has closed a $15.7 million Series B round led by U.S.-based Route 66 Ventures. Germany’s Creathor Ventures and U.S.-based QED Investors […]
CPS has delivered major objectives of reforms – PenCom
Leave a comment Chuks Udo Okonta The Contributory Pension Scheme (CPS) has so far delivered all the major objectives of the reforms, the Director-General, National Pension Commission (PenCom) Mrs. Chinelo Anohu-Amazu, has said. She disclosed this at the Southsouth sensitisation conference on the impact of the Pension Reform Act 2014 […]
Champion Newspapers insurance day holds Dec 21
Leave a comment Chuks Udo Okonta The 2015 Champion Insurance Day Lecture/Luncheon will hold on December 21, 2015 as against the October 27 date earlier slated for the event. A statement signed by the Group Managing Director/Editor-In-Chief Champion Newspapers Limited (CNL) Dr (Mrs.) Nwadiuto Iheakanwa, said preparation for the occasion […]
Income protection insurance under the microscope as complaints to Financial Ombudsman
The number of people complaining about insurance policies not being paid is on the rise. In the past three years, the number of complaints to the Financial Ombudsman has almost doubled. Steve Holland, 57, thought he was fully covered through his insurance – right up until he made a claim […]
Kazakhstan central bank to use pension fund cash to prop weak economy
By Olzhas Auyezov Kazakhstan’s central bank will use 1 trillion tenge ($3.6 billion) from the state pension fund next year to support the slowing economy, the bank’s chairman, Kairat Kelimbetov, said on Friday. Kazakhstan, Central Asia’s largest economy and the second-largest post-Soviet oil producer after Russia, has been hit hard […]
Obamacare Insurance Markets Still Vulnerable to Fraud, Experts Say
By Maggie Fox The Obamacare health insurance exchanges are still easily tricked by fraudulent applications, with fake Social Security numbers and bogus immigration details, more than a year after the weakness was first pointed out, officials say. A Government Accountability Office sting also found that many people were double-covered by […]
Pension assets now N5.03tn – PenCom
By Tom Moses The National Pension Commission, PenCom, yesterday in Uyo, Akwa Ibom State, said the pension assets had hit N5.03trillion, even as the state governor, Mr. Udom Emmanuel, described the diversion of pension fund or its misappropriation by public officials as the height of man’s inhumanity to man. The […]
