Category: Insurance & Pension

NIA target seek amendment, necessary tax laws to avoid multiple taxation

Mr. Eddie Efekoha, Chairman, Nigerian Insurers Association (NIA) says our target is to seek amendment of the necessary tax laws to avoid multiple taxation which affects what accrues to our stakeholders. Chairman made the statement during the interactive session with the press on Friday in Lagos On the issue of multiple taxation of the insurance…

Guinea Insurance 2017 Accounts had complied with regulatory requirements says NAICOM

The National Insurance Commission (NAICOM) has approved the 2017 audited financial statements of underwriting firm – Guinea Insurance Plc. The approval was granted after Commission confirmation that Guinea Insurance had substantially complied with the regulatory requirements as stated in its letter dated 11th April 2018 and captioned: Approval for Publication of Year 2017 Audited Financial Statements.…

NIA Raises Over N500m for 7-Storey Tower, A New Secretariat Building

Mrs Bola Omole, Controller IT,  Research & Statistics, Chairman of the Nigerian Insurers Association, Mr. Eddie Efekoha and Director- General, Mrs. Yetunde Ilori during the chairman’s interactive session with the press on Friday. Mr. Eddie Efekoha, Chairman, Nigerian Insurers Association (NIA) says the Association has raised over N500 million as initial funding towards the construction…

Insurers get relief from heavy tax burden

Insurance companies have got some relief from heavy tax burden, which they have been grappling with for many years. The Chairman, Nigerian Insurers Association, Mr. Eddie Efekoha, said this during a press briefing in Lagos. He said, “In the last few weeks, we were all witnesses to the invasion of member companies by tax agents…

PenCom reviews voluntary contribution to tackle money laundering

The National Pension Commission said that it had reviewed the provision for voluntary contribution under the Contributory Pension Scheme to address some concerns which include combating money laundering. According to the Circular on Voluntary Contributions, which was released by the commission and obtained by our correspondent, PenCom issued a circular on withdrawals from voluntary contributions…