PENSION

By ABDUL OLALEKAN Despite the clamour for fund by the federal and some state governments to fix infrastructural deficits in the country, States and Federal Government have yet to utilise N1.06 trillion set aside for infrastructure finance in the N5.3 trillion pension funds, Business 247 can authoritatively reveal. The financial...

BY ABDUL OLALEKAN The financial crisis in the country takes its toll of AIICO Insurance Plc as it suffered a profit after tax decline of 46% to N1.2 billion on its 2015 full year audited financials from N2.2 billion recorded for the same period in 2014. The results also revealed...

By ABDUL OLALEKAN FBNInsurance Limited has declared 19 kobo dividend per share to its shareholders as a reward for their loyalty in its 2015 financial year end. The firm, which announced this at its 5th Annual General Meeting, AGM, in Lagos, noted that the dividend payout was an improvement to...

By ABDUL OLALEKAN The Lagos State Government has paid N48 billion as accrued pension to 10,300 pensioners of the State civil service. The beneficiaries are people who have retired from Lagos State public service. Speaking at the 10th Retirement Benefit Documentation seminar for employees who are due to retire from...

By ABDUL OLALEKAN With over N5.3 trillion pension fund waiting to be used for investment, the Director General of the National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu, is set to explain how the fund could be utilized for economic growth and diversification of the nation’s economy at the National Lecture...

By ABDUL OLALEKAN FBNInsurance Limited said it is set to deepen insurance penetration in the country through its recently established four retail offices in Umuahia, Eket, Orlu and Abraka in the South-South and South-East parts of Nigeria. A statement from the insurance firm and made available to Business 247 yesterday,...

By ABDUL OLALEKAN FBNInsurance Limited said it was set to deepen insurance penetration in the country through its recently established four retail offices in Umuahia, Eket, Orlu and Abraka in the South-South and South-East parts of Nigeria. A statement from the insurance firm and made available to Business 247 yesterday,...

By ABDUL OLALEKAN The Director-General, Lagos State Pension Commission, LASPEC, Mrs Folasade Onanuga, has alerted retirees to beware of pension fraudsters who deceive retirees into believing  that there are balances to be paid to them and make demands on them. Onanuga, who gave the admonition at the 26th Retirement Benefit...

By Abdul Olalekan No fewer than 12 states of the federation have started the process that would lead to adopting insurance as a subject into secondary schools curriculum, Business 247 has learnt. This was made possible through an insurance advocacy programme embarked upon by the Chartered Insurance Institute of Nigeria...

International Monetary Fund (IMF) is urging greater regulation on insurance companies, arguing that carriers pose a greater risk to the global financial system now than they did before the financial crisis. In a new report, the IMF suggested that insurers – particularly life insurers – play an increasingly prominent role...