Category: Insurance & Pension

NAICOM reiterates plan to grow insurance industry by 2020

The National Insurance Commission (NAICOM) has plan to further grow the Nigerian insurance industry by 2020. According to the Deputy Commissioner, Technical, NAICOM, Sunday Thomas disclosed that the Commission was working to ensure the success of its major priorities for 2017 to 2020. Thomas therefore reiterated NAICOM’s desire to collaborate with state governments to ensure…

Pension fund asset grow by N13bn to close at N6.16trn in 2016

The National Bureau of Statistic (NBS) has disclosed that Pension Fund Asset under Management hits N6.16 trillion from N5.3 trillion reported in 2015. Amehnews recall that total pension assets released by NBS in 2013, it was reported to be N4.05 trillion and in 2014,  was at N4.6 trillion. The report by NBS gave further details that the…

ATI launches USD2 billion Targets support fund for investments and trade

 A delegation from the African Trade Insurance Agency (ATI) were recently in Abidjan where they launched the company’s activities in the country with a series of events including a gala dinner and two forums for banks and energy sector players. The Minister of Economy and Finance, Adama Kone attended the gala dinner, where he welcomed…

Court orders an insurance company to pay ex-staff N1.2m plus

The National Industrial Court of Nigeria sitting in Abuja, on Monday, ordered Northlink Insurance Brokers Plc, to pay its former employee, Raphael Ajayi, N1. 2 million, as accrued terminal benefits owed him. Ajayi, who was formerly, head of Technical Services of the company, had sued his employer in 2015, alleging unpaid entitlements and other terminal…

Leadway Partners NBA To Enhance Insurance Coverage For Lawyers

 The company Leadway has reiterated its commitment to providing insurance protection to practicing lawyers who are members of the Nigerian Bar Association (NBA). To show how committed to the partnership agreement; the Leadway staged a weeklong 2017 Nigerian Bar Association General Conference which was held on August 18th through to 24th at the Landmark Centre,…

How can insurance brokers prepare clients for random acts of violence ‘Boko Haram’?

A 30-year-old Somali refugee who was allegedly known to Canadian authorities for promoting extremist ideology faces five counts of attempted murder and terror charges after an incident in Edmonton, Alberta, last Saturday (September 30). Canadian police have accused the man of stabbing a police officer outside an Edmonton Eskimos Canadian Football League game and then…