Category: Insurance & Pension

As part of efforts to strengthen cross border insurance supervision through information sharing and investigative assistance, the National Insurance Commission of Nigeria (NAICOM) has signed a formal Memorandum of Understanding with the National Insurance Commission of Ghana (NIC). The ceremony was held at the corporate head office of NAICOM in Abuja, Nigeria on August 24,…

Pension Fund: Penop wants stricter enforcement

Pension Fund Administrators(PFAs) and Pension Fund Custodians (PFCs), under the aegis of Pension Fund Operators Association of Nigeria (Penop), have enjoined the Federal Government to be stricter in enforcement of Pension Reform Act (PRA) 2004 to allow more compliance as stipulated by the Act. The association said that government could institute tax incentive on contribution…

N1bn minimum capital: PenCom to issue names of successful PFAs in 4 weeks

The National Pension Commission will soon come out with the names of Pension Fund Administrators that had successfully raised their minimum capital to N1billion. PenCom, in a press statement issued by the Head, Communications Unit, Mr Emeka Onuora, stated that  PFAs had submitted evidence of compliance with the minimum capital requirement, stressing that   the commission…