ECONOMY · INSURANCE

CONTRIBUTORY PENSION SCHEME: PenCom orders PFAs’ to implement enhancement_Ehiabhi Femi

The National Pension Commission has directed the Pension Fund Administrators to implement pension enhancement for retirees on programmed withdrawal under the Contributory Pension Scheme. PenCom said in a statement that this would be the second edition of the pension enhancement for retirees on the programmed withdrawal mode of retirement. It stated, “The pension enhancement is… Continue reading CONTRIBUTORY PENSION SCHEME: PenCom orders PFAs’ to implement enhancement_Ehiabhi Femi

INSURANCE

RECAPITALIZATION: SIX (6) INSURANCE COMPANIES INDICATE INTEREST TO MERGE_Ehiabhi Femi

As part of their efforts to meet the regulator’s recapitalisation requirements six (6) insurance companies have notified the National Insurance Commission of their plans to merge. The Director, Policy and Regulation at NAICOM, Pius Agboola, who spoke to our correspondent, said that some other insurance companies were also looking for partners to merge. “Only six… Continue reading RECAPITALIZATION: SIX (6) INSURANCE COMPANIES INDICATE INTEREST TO MERGE_Ehiabhi Femi