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Tuesday, February 25, 2020

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)...

Shareholders Okay’s Sovereign Trust Insurance Share Capital Increase

Sovereign Trust Insurance Plc, (STI) shareholders on Thursday July 25, 2019, gave their approval to the request of the board of directors to increase...

LASACO Assurance Proposes 5 Kobo dividend

LASACO Assurance Plc has proposed to pay its shareholders a dividend of five per share for full-year 2018. The payment is subjected to shareholders’...

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SEC Holds International Commodities Conference March 16,17

In a bid to further deepen the capital market and have a vibrant commodities exchange, the securities and Exchange Commission, SEC, is to...

CBN Clarifies Operation of Domiciliary Accounts

The Central Bank of Nigeria (CBN) has formally clarified issues surrounding the operations of domiciliary accounts in Nigeria.

Dangote boosts south East economy with N63billion investment in ANAMMACO

Dangote Group has in the last five years invested over N63bn in the South East with the purchase of over 3,500 units of locally...