Leave a Comment Chuks Udo Okonta Six states have remitted N34 billion into their Retirement Benefit Bond Redemption Fund Accounts (RBBRFAs) the National Pension Commission (PenCom), has said. The commission in a report, said as at the end of first quarter this year, Lagos State had remitted N10 billion; Ogun, […]
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Standard Alliance Insurance Plc posts N4.33bn premium income
Leave a Comment Chuks Udo Okonta Standard Alliance Insurance Plc recorded a gross premium of N4.33 billion last year as against N3.78 billion in 2013, its Chairman Dominic Oneya, has said. He disclosed this at the company’s annual general meeting in Lagos, adding that the firm’s underwriting profit stood at […]
President Muhammadu Buhari’s speech on Nigeria’s 55th Independence anniversary
Being text of speech by President Muhammadu Buhari to mark Nigeria’s 55th Independence anniversary. OCTOBER 1 is a day for joy and celebrations for us Nigerians whatever the circumstances we find ourselves in because it is the day, 55 years ago; we liberated ourselves from the shackles of colonialism and […]
Life insurance penetration should be through banks: report
As less than 10 per cent of Indians have life insurance cover, the way forward to increase life insurance penetration is through bancassurance, according to Anuj Mathur, CEO, Canara HSBC Oriental Bank of Commerce Life Insurance. The bancassurance channel involves banks selling life insurance to their clients. “We should ensure […]
Insurance giant to link premium discounts to customer behaviour
The Netherlands’ biggest insurance company Achmea plans to offer premium discounts to customers who agree to have their behaviour at home and in the car monitored, the Financieele Dagblad says on Thursday. For example, Achmea is working with Google Nest to develop a meter which will be linked to […]
Buhari sends 21 names to senate
The Senate President Bukola Saraki Wednesday received the Ministerial list from President Muhammadu Buhari, just as the names would be forwarded in batches. It was gathered that instead of thirty – six names, President Buhari sent twenty – one names as Ministerial nominees to the Senate President, with plans to […]
Longe now PenOp’s Chairman
Leave a Comment Chuks Udo Okonta The Managing Director AIICO Pension Managers Limited Eguarekhide Longe, today emerged the Chairman of the Pension Fund Operators Association of Nigeria (PenOp). He was elected into the position at the association’s annual general meeting in Lagos. He is taken over the mantle of leadership […]
Gamaliel Onosode is dead
Onsode Foremost technocrat and boardroom Czar, Deacon Gamaliel Onosode, 82, is dead. Onosode died Tuesday morning at Gold Cross Hospital, Ikoyi Lagos at about 8:15am after a protracted illness. Onosode was flown home yesterday from London. He was (born 22 May 1933) (Died 29 September 2015) is a Nigerian technocrat, […]
NAICOM wants zero tolerance for unethical vices
Leave a comment Chuks Udo Okonta The National insurance Commission (NAICOM) has called on insurance operators to henceforth exhibit zero tolerance for unethical vices or face the law. The Commissioner for Insurance Mohammed Kari, who said this at an event in Abeokuta, said the call has become necessary as most […]
Insurers Urged to Reach Rural Areas
By Mariam Said The insurance industry grew at an average rate of 18 per cent in the last five years, but the services were mainly concentrated in urban centres. During the 18th Annual Insurance Day in Dar es Salaam at the weekend, the Minister of State in the President’s Office […]
