PenCom adds 143,248 pension accounts as coverage reaches only 12% of workforce
Nigeria’s pension industry registered 143,248 new Retirement Savings Accounts (RSAs) in the first quarter of...
Insurance & Pension
NAICOM, IFSB move to strengthen Nigeria’s Takaful market
The National Insurance Commission (NAICOM) and the Islamic Financial Services Board (IFSB) have moved to...
Pension contributions rise 38% in Q1 after excluding one-off FG payments
Nigeria’s underlying pension contributions rose 38.2 per cent to N559.42 billion in the first...
NAICOM revokes Universal Insurance licence over N15bn capital failure
The National Insurance Commission (NAICOM) has revoked the operating licence of Universal Insurance Plc after...
Six insurers miss NAICOM deadline as N720bn recapitalisation ends
Six Nigerian insurance companies have failed to secure confirmation of compliance with the National Insurance...
Finance ministry suspends N680m NAICOM fees on two insurers
The Federal Ministry of Finance has ordered the National Insurance Commission (NAICOM) to suspend enforcement...
NAICOM completes insurance recapitalisation as 43 firms meet capital requirements
Nigeria’s insurance industry has completed its most extensive recapitalisation exercise in more than two...
Guinea Insurance exceeds NAICOM’s N15bn capital requirement
Guinea Insurance Plc has surpassed the National Insurance Commission’s (NAICOM) minimum capital requirement of N15...
PenCom rules may unlock N2trn for NGX, says United Capital
Revised investment guidelines issued by the National Pension Commission (PenCom) could channel more than N2 trillion of...
Linkage Assurance completes N16.2bn rights issue to meet NAICOM capital rule
Linkage Assurance Plc has completed its N16.2 billion rights issue, strengthening its capital base...
