Insurance&Pension - Page 6

NDIC Reiterates Commitment To Depositors’ Protection

The Nigeria Deposit Insurance Corporation (NDIC) has reiterated its commitment to depositor protection and financial system stability in the country. Its Managing Director, Mr. Bello Hassan,said this when he received the Chartered Institute

May 16, 2025

by Mohammed Shosanya

Pension Fund Now N12.66tr As PenCom Commences Payment Of 2.5% Pension Differentials To Retirees

The National Pension Commision (PenCom),says pension fund assets had risen to N12.66 trillion as at June 30, 2021. It also said contributors under the Contributory Pension Scheme (CPS) has grown to 9.38

July 27, 2021

Insurance&Pension

AXA Mansard Launches Empowerment Programme

AXA Mansard Insurance Plc., has launched an empowerment program that enables participants be their own boss. The company said the empowerment program entails partnering with highly motivated individuals who have experience in

July 26, 2021

Insurance&Pension

Distressed Banks: NDIC Urges Depositors To File Claims

The Nigeria Deposit Insurance Corporation (NDIC),says it established strong structure to meet its obligations of settling depositors who lost money in any closed banks. Managing Director/Chief Executive Officer NDIC, Mr. Hassan Bello,who

July 6, 2021

Insurance&Pension

Insurer Reputation Waning Since COVID-19-Report

A recent poll conducted by data and analytics company GlobalData has revealed a decline in the insurance industry’s reputation globally, resulting largely from its response to the COVID-19 pandemic. The poll said

July 3, 2021

Insurance&Pension

NDIC Moves Against Fintech Risks In Financial sector

Nigeria Deposit Insurance Corporation (NDIC) says it is partnering with relevant stakeholders to manage risks arising from the growing adoption of financial technology (fintech) in the financial sector. Speaking a t the

June 21, 2021

Insurance&Pension

Pencom Halts Charges On Artisans’ Savings

The National Pension Commission has compelled Pension Fund Administrators to stop charging any fee on micro pension funds under their management that are below N5m. It disclosed this in a circular signed

June 8, 2021

Insurance&Pension

Heirs Holdings Fresh Hope For Nigeria’s Insurance Industry-Sanwo-Olu

Governor Babajide Sanwo-Olu of Lagos,has described the launch of Heirs Holdings’ new insurance businesses – Heirs Insurance and Heirs Life Assurance as a fresh hope for the nation’s insurance industry. He spoke

June 2, 2021

Insurance&Pension

Pencom: Contributory Assets Now N12.4tr

The National Pension Commission,has said that total assets under the Contributory Pension Scheme rose to N12.4tn as of the end of April. In its unaudited report on the pension funds industry portfolio

May 27, 2021

Insurance&Pension

‘Nigeria’s Insurance Sector Can Fetch N50bn Annually’

The nation’s insurance sector can generate over N50 billion premium income annually if all vehicles have genuine insurance,the Nigerian Insurers Association,has said Chairman of NIA, Mr. Ganiyu Musa, who disclosed this recently,expressed

May 11, 2021

Insurance&Pension

Insurance Coys Pay N4bn Claims To EndSARS Victims – NIA

The Nigerian Insurers Association (NIA) said insurance companies paid N4 billion as claims arising from over 2,000 businesses affected by the #EndSARS protests. Mr Ganiyu Musa, the Chairman, NIA, who disclosed this

May 7, 2021

Insurance&Pension

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