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INSURANCE & PENSIONS

Insurance Institute threatens to withdraw certificates from errant holders

Miss Insurance pageant holds Friday

As stakeholders in insurance industry awaits new Miss Insurance, the Chartered Insurance Institute of Nigeria (CIIN) said the new pageant on insurance industry would...
Expert urges operators to intensify efforts in deepening insurance awareness

Expert urges operators to intensify efforts in deepening insurance awareness

Dr. Leke Oshunniyi, Managing Director, Multishield limited, has called on insurance operators in the country to leverage on the platform provided by Miss Insurance...
Ogun urges transport unions to embrace insurance policy

Ogun urges transport unions to embrace insurance policy

The Ogun State Government has charged transport unions operating in the State to embrace the newly introduced Welfare Insurance Policy as it would benefit...
2016 budget crisis confirms my position that Buhari is clueless, incompetent – Fayose

Fayose commences Contributory Pension Scheme for Ekiti workers

In a bid at ensuring a smooth take off of the Contributory Pension Scheme (CPS) for its workforce, the Ekiti state government has set...
Re Anohu-Amazu: An amazon bows out; another side of the Anohu-Amazu

PenCom DG, others becomes pioneer member of London Stock Exchange Africa Advisory Group

Mrs. Chinelo Anohu-Amazu, Director-General of the National Pension Commission (PenCom) has been appointed pioneer member of the London Stock Exchange Africa Advisory Group. Anohu-Amazu is...
Sovereign Trust Insurance maintains impressive H1 performance, posts N630m PBT

Soyinka becomes new CEO of Sovereign Trust Insurance

The Management of Sovereign Trust Insurance Plc on Friday announced the elevation of its erstwhile Executive Director and Divisional Head, Technical, Mr. Olaotan Soyinka,...
Sovereign Trust hosts golf tournament in Ibadan Friday

Sovereign Trust hosts golf tournament in Ibadan Friday

Nigeria’s leading insurance firm, Sovereign Trust Insurance Plc is set to host the 4th eponymous Open Golf Tournament, billed for March 11 – 13,...
The Minister of Information and Culture, Alhaji Lai Mohammed, says the Federal Government will amend the Nigeria Broadcasting Commission (NBC) Code to compel brands to sponsor Nigeria Professional Football League (NPFL). The Minister made the assertion at the close of the “Two-Day Creative Industry Financing Conference’’, sponsored by the ministry in conjunction with “Think Tank Media and Advertising’’ which closed on Tuesday in Lagos. “We will amend the NBC code to ensure that our Premier League improves. “We will make sure that in the Code, if you spend one million dollars to support a foreign football club like Manchester United in Nigeria, you will not be allowed to air that programme unless you spend 30 per cent of that money to promote Nigeria’s league. “Some beverage companies in Nigeria support Manchester United (Man U), Arsenal and others and spend about six million dollars a year,’’ he said. “I then asked the question, how much of their products are being consumed over there? “I was also told that a particular brand of Nigeria Beer is supporting several premier league teams to the tune of seven million dollars a year. “We can imagine if they give us just 30 per cent of that, we will fix our stadia. “I know they are going to attack me on this but I am not made a minister to sustain the economy of other countries.’’ He said the government could no longer tolerate the situation where people continue to develop the economy of other parts of the world from the sweat of Nigerians and at the expense of Nigerian economy. The minister also clarified an earlier statement credited to him on the amendment to NBC Code to discourage production of Nigerian movies and music abroad. “At that meeting, I said that I will work to amend the NBC code to ensure that if a product is designated a Nigerian product; it must be produced in Nigeria. “I didn’t say that henceforth, all music and films will be produced in Nigeria. “All I said was that if a programme is designated as a Nigerian content programme, we will amend the code to ensure that it is produced in Nigeria,’’ he said. He added that if the law says that a programme shall have 60 per cent Nigerian content, the producer could not go ahead to shoot such outside the country for Nigerian viewers. “Of course, they will come and say that you do not have infrastructure and that is why they went outside to shoot. “I asked if it is not the same programme you went to shoot outside Nigeria because we have epileptic power that you will bring back to show to us in Nigeria. “Then, with which power are you showing the programme? “I promised Nigerians that I am going to create one million jobs in three years and I can’t do that if they start exporting jobs to other countries,’’ he said. The News Agency of Nigeria (NAN) reports that participants at the forum, mainly stakeholders in the creative industry, welcomed the clarification by the minister and the position of government.

N273.9bn stolen from Pension funds in 6 years – Lai Mohammed

Lai Mohammed, Minister of Information and Culture, Friday said government officials looted N273.9billion from pension funds between 2005 and 2011. The minister while presenting a...