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Tuesday, April 7, 2020

NAICOM plans to retain 70% local content

Ahead of the December 31, 2020 deadline for insurance companies in the country to recapitalize their share capital, the National Insurance Commission says it...

PenCom to Enforce Group Life Insurance Law

The National Pension Commission (PenCom) has ordered all employers of labour covered by the Pension Reform Act 2014, to submit copies of the insurance...

PenCom orders PFAs to raise retirees’ pensions

The National Pension Commission has directed the Pension Fund Administrators to implement pension enhancement for retirees on programmed withdrawal under the Contributory Pension Scheme.

135 Firms Gets PenCom Clearance To Participate In FG Deals

The National Pension Commission (PenCom) has cleared 135 companies to bid and participate in federal government businesses. The firms have been issued with certificate...

PFAs To Be Penalise For Wrongly Paid Benefits

The National Pension Commission has ordered the Pension Fund Administrators to investigate all reported cases of dead Retirement Savings Account holders before making any payment...

Recapitalization: Royal Exchange Assures’ Shareholders

The board of directors of Royal Exchange Plc, has assured its shareholders that there is no cause for alarm over the recapitalization plan of...

Lagos Pays N4.25 billion Accrued Pension Rights

As part of efforts to improve the welfare of retirees, the Lagos State government has said it paid N4.25 billion accrued pension benefits to...

Cornerstone Insurance Gets Shareholders Approval To Raise N10 Billion

Ahead of the ongoing recapitalization exercise in insurance industry, shareholders of Cornerstone Insurance Plc, on Wednesday August 21, 2019, approved the request of the...

Shareholders Approve’s Wapic Insurance Plan For Fresh Capital

Shareholders of Wapic Insurance Plc on Friday August 16, 2019 unanimously approved the board of directors’ request to raise additional capital of up to...

FG Orders Insurance, Reinsurance Companies To Submit Recapitalization Plan Before August 20, 2019

The Federal Government has directed all insurance and reinsurance companies in the country to submit their recapitalization plan to the National Insurance Corporation (NAICOM)...

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COVID-19: Heritage Bank joins WHO to celebrate health workers globally

Heritage Bank Plc has joined the World Health Organisation (WHO) in the celebration of “World Health Workers Week” and pay tribute to health workers...

Donations to CACOVID Relief Fund Now N21.5 Billion

Donations from individuals and corporate bodies in Nigeria to the Private Sector Coalition Against COVID-19 (CACOVID) Relief Fund domiciled at the Central Bank...

Fitch downgrades Nigeria to ‘B’, negative outlook

Fitch Ratings has downgraded Nigeria’s long-term foreign-currency issuer default rating to ‘B’ from ‘B+, which means the outlook is negative.