The Pension Transitional Arrangement Directorate (PTAD), is to commence verification for the pensioners of the Bank of Agriculture (BoA). Other pensioners who missed the previous verification exercises under the Defined Benefit Scheme would also be verified. This was gathered from…
Pension Fund Administrators (PFA) in Nigeria incurred a sum of N18.85 billion as income tax in 2021, a 15.6 per cent increase compared to N16.31 billion spent in the previous year, and 31.4 per cent increase when compared to N14.35…
The Lagos State Government recently said it would not relent in its pursuit to improve life for its retirees and had placed the welfare and wellbeing of its pensioners as top-priority. Mrs Ajibola Ponnle, Lagos State Commissioner For Establishments, Training…
AIICO Insurance Plc has announced a Gross Written Premium (GWP) of N45.5 billion in the half year 2022, up by 21.4 per cent compared with N37.481billion recorded within the same of in 2021. This was on the back of high…
The National Insurance Commission (NAICOM) has warned that to strengthen Nigeria’s insurance industry, it may sanction more insurance companies through liquidation. This was disclosed by the Deputy Commissioner, Technical, NAICOM, Mr Sabiu Abubakar, at the Chartered Insurance Institute of Nigeria…
Capital Express Assurance Limited increased its total assets to N12.86bn in 2021 financial year from N11.95bn recorded in the previous year. The Board Chairman, Otunba Ademola Adenuga, disclosed this while speaking at the company’s 21st Annual General Meeting in Lagos…
Pension fund assets rose by N842.7 billion in the first half of the year, hitting a record high of N14.27 trillion from N13.42 billion recorded at the beginning of the year. This is according to a report released by the…
The Federal High Court in Lagos has held that the National Insurance Commission (NAICOM) cannot increase the statutory minimum solvency capital policy for Insurance companies without the National Assembly amending the Insurance Act and Regulation 2003. Justice Chukwujeku Aneke made…
Gombe State, Gov. Inuwa Yahaya has constituted an 11-member committee to work out modalities for a workable reform of the State Pension Administration System. This is contained in a statement signed by Joshua Danmalam, Information Officer SSGs office, and made available…
Allianz Nigeria Insurance during the week said it had the right quality of expertise, experience, technology and manpower to make a difference in Nigeria and Africa. The Managing Director of the firm, Mrs Adeolu Adewumi-Zer, said this in an interview…
