Insurance
Nigeria’s Pension Fund Sees 1.27% Increase in June, Driven by Federal Government Securities
Nigeria’s pension fund appreciated by ₦256.76 billion, or 1.27%, in June 2024, reaching a total of ₦20.48 trillion, up from...
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NSITF Emphasizes Occupational Safety and Health Programs Over Claims Payment
The Nigeria Social Insurance Trust Fund (NSITF) has underscored the importance of its occupational safety and health (OSH) programs, stating...
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Insurance Industry Assets Hit N2.67 Trillion in December 2023, Driven by Oil & Gas and Fire Insurances
The National Insurance Commission (NAICOM) has reported that the total assets of Nigeria's insurance industry reached N2.67 trillion as of...
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Nigeria Aims for 2.1% Insurance Penetration by 2033, Commissioner Reveals at Insurance Directors’ Conference
The Commissioner for Insurance, Mr. Sunday Thomas, has set a target for Nigeria's insurance penetration, projecting a significant increase from...
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NIA, FRSC to enforce motor insurance policy
The Nigerian Insurers Association and the Federal Road Safety Corps are partnering to ensure motorists obtain genuine motor insurance. The...
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RSA holders can now acquire home with 25% of their pension – PenCom
The management of National Pension Commission (PenCom) has said that Retirement Savings Accounts (RSA) holders in Nigeria are now eligible...
Read moreDG not involved in any fraud, says PenCom
PenCom, the National Pension Commission, has unequivocally refuted the authenticity of documents circulating regarding its Director-General, Mrs. Aisha Dahir-Umar. The...
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NAICOM Aims to Establish Credible and Sustainable Template for Risk Determination
The National Insurance Commission (NAICOM), through its Commissioner for Insurance/Chief Executive, Mr. Sunday Thomas, has inaugurated the Nigerian Actuarial Society...
Read moreOver 100,000 Retiree Receive N216.66bn Lump Sum under Contributory Pension Scheme
According to data obtained from the National Pension Commission (PenCom), a total of 108,552 annuitants received a lump sum of...
Read moreInsurance Operators Face Challenges Amid Economic Downturn and Naira Depreciation
Insurance operators in Nigeria have been significantly affected by a weak economy and limited access to foreign exchange, leading to...
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