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INSURANCE & PENSIONS

NAICOM again bows to pressure, withdraws SIP policy

NAICOM again bows to pressure, withdraws SIP policy

The National Insurance Commission (NAICOM) on Thursday withdrew State Insurance Producer (SIP), a new insurance distribution channel it newly evolved. The commission announced the withdrawal...
NAICOM expands areas of coverage, set up 3 new directorates

NAICOM expands areas of coverage, set up 3 new directorates

The National Insurance Commission (NAICOM) says it has expanded its areas of coverage by setting up three new directorates and 20 new branches across...
Reps summon SGF, CBN over crisis at Nigeria’s health insurance

Reps summon SGF, CBN over crisis at Nigeria’s health insurance

The House of Representatives Adhoc Committee investigating the crisis rocking the National Health Insurance Scheme (NHIS) has resolved to summon the Secretary to the...
PenCom clears over 4000 firms to bid for FG contracts

PenCom recovers N465m outstanding pension contributions

The National Pension Commission (PenCom) on Tuesday said it had recovered N465.02 million outstanding pension contributions from defaulting employers. PenCom in a statement by its...
NAICOM expands areas of coverage, set up 3 new directorates

NAICOM dissociates itself from trending Ponzi scheme, warns Nigerians

The National Insurance Commission (NAICOM) has dissociated itself from a Ponzi scheme, which was recently ascribed to it and is currently trending on the...
NAICOM again bows to pressure, withdraws SIP policy

2018 2nd Quarter: Insurance industry records 6.07 per cent growth — NAICOM

The National Insurance Commission (NAICOM) on Wednesday said the Nigerian Insurance Industry recorded a 6.07 per cent growth in the second quarter of this...
PenCom clears over 4000 firms to bid for FG contracts

PenCom urges states to embrace contributory pension

The National Pension Commission (PenCom) on Thursday advised the state governments yet to key into the Pension Contribution Scheme (CPS) to do so for...
PenCom clears over 4000 firms to bid for FG contracts

PenCom approves 6,851 applications for annuity retirement plan in Q4,2017

The National Pension Commission (PenCom) says it approved 6,851 applications for annuity retirement plan in fourth quarter of 2017. According to the commission, the number...
Sovereign Trust Insurance grows PAT by 569%

Sovereign Trust Insurance grows PAT by 569%

...Shareholders receive 2017 financial report September 27   Having met all the stipulated requirements outlined by the National Insurance Commission (NAICOM) and the Nigerian Stock Exchange (NSE),...
NAICOM expands areas of coverage, set up 3 new directorates

Insurance recapitalisation deadline now Oct. 1 – NAICOM

The National Insurance Commission (NAICOM) on Friday confirmed backdating the insurance companies Tier-based recapitalisation commencement date to Oct. 1, as against January 1,...