Category: Insurance & Pension

577 Firms Bid for NNPC Insurance Renewal Programme

The Nigerian National Petroleum Corporation (NNPC) consolidated on its tradition of openness and on Tuesday with the public harvesting and opening of 577 bids submitted by firms seeking to secure the insurance renewal contract for the Corporation’s oil and non-oil assets.   Speaking at the event, NNPC Group General Manager, Risk Management and Insurance, Mr.…

PenCom releases new guidelines for voluntary contribution withdrawal

New guidelines to regulate Additional Voluntary Contributions’ withdrawals by workers have been released by the National Pension Commission. One of the Pensions Fund Administrators, Leadway Pensure, said participating customers would only be able to make withdrawals from an AVC account once in two years from the last approved withdrawal date. The new guidelines also indicated…

PTAD pays part of pension arrears

The Pension Transitional Arrangement Directorate has paid another instalment of the outstanding 33 per cent pension increase to federal retirees under the Defined Benefit Scheme. Police pensioners were paid 12 months’ arrears making a total of 24 months payment from previous instalment, but still have 18 months outstanding. Civil Service pensioners got six months’ arrears…

Leadway Assurance Sets To Creates 1,000 Jobs In Insurance Sector by Revolupreneur scheme

In other to deepen penetration rate in the retail insurance market, Leadway Assurance has announced its Franchise Branch Ownership Opportunity scheme. An ‘Open House’ session will be held on Saturday, 25th November, 2017 to intimate prospective franchisees about what the Leadway franchise entails. The innovative programme tagged ‘Revolupreneur’ a third-party opportunity for 1,000 enthusiastic entrepreneurs who…

Lagos trains workers in pension administration

The Lagos State Governor, Akinwunmi Ambode, has said governments and employers who fail to prioritise the welfare of the people will ruin their stewardships and the trust of the citizens. He also said that the state government was committed to training its workforce and developing human capital. According to a statement, the governor stated this…