Insurance
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...
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Insurance 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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NAICOM Gives Insurers Deadline for Migration to IFRS 17 Finance Reporting Standard
The National Insurance Commission (NAICOM) has said that Insurance Managers would effect from June this year submit their annual reports...
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PFAs reduce pension funds investment in banks to N1.6tn
The Pension Funds Administrators reduced the funds under the Contributory Pension Scheme that was invested in fixed deposits and bank...
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Upward review of Third-party motor insurance rankles vehicle owners, INSCAN, others
The recent upward review of third- party motor Insurance by the National Insurance Commission (NAICOM) has set tongues wagging with...
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