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Posted Jun 21, 2019 | Pension, Retiree, Workers, Accrued Rights, Contribution, Benefit

FG To Clear Backlog Of Workers’ Accrued Rights, Contributions To RSA

The federal government has said it will through its budgetary provisions for 2019, clear backlog of outstanding accrued pension rights of its workers as well as the outstanding three per cent additional contributions to the retirement Savings Account(RSA) of its workforce as...

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Posted Jun 21, 2019 | Insurance, Underwriters, Local Content, Risks, Foreign Insurers, Sector, Industry

Underwriters Lose 90% Risks To Foreign Investors As Local Content Flops

The nation’s insurance sector may be far from meeting the local content agenda of the Federal Government, as indications emerged that it is currently...

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Posted Jun 21, 2019 | Insurance, Premium, Finance, Africa, Insurance Markets

‘How Nigeria, Others Generated $67b Insurance Premium’

Nigeria and other African countries were able to generate $676.7 billion insurance premium income, going by the records of the 46th Africa Insurance B...

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Posted Jun 21, 2019 | Insurance, Naicom, Capital, Insurers, Reinsurers

Insurers Need $725m To Meet Recap Order

Insurance companies will need $725 million (about N261.5 billion) to meet the new capital requirement of the National Insurance Commission (NAICOM), A...

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Posted Jun 20, 2019 | Pension, Retiree, Verification Exercise, Pencom, Federal Government

Pencom Begins Verification Of Prospective Retirees

The Acting Director General of the National Pension Commission (Pencom), Mrs. Aisha Dahir-Umar, said the commission has finalised arrangement to comme...

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