Only four states in Nigeria have complied with the compulsory Group Life Insurance Policy (GLIP), which is stipulated in the country’s Pension Reform Act. According to the National Pension Commission, only Lagos, Niger, Osun and Rivers states have complied with the GLIP as of the end of September 2017. The commission added that the four… Continue reading Only four Nigerian states have insurance cover for workers.
A total of 42,851 relatives of deceased workers under Nigeria’s Contributory Pension Scheme (CPS) have been paid pension and insurance benefits from the commencement of the CPS till September 2017.Figures obtained from the National Pension Commission (PenCom) on approval of death benefits revealed that the deceased workers were from the private, state and federal sectors.… Continue reading Deceased workers’ relatives received N129bn pension, insurance settlements — Nigerian National Pension Commission.
The Insurance industry rebranding proramme aimed at creating more awareness, and deepening insurance penetration in Nigeria is expected to kick off this first quarter of 2018. The Managing Director, Custodian and Allied Insurance, Toye Odunsi, said the rebranding, also supported by industry regulator, NAICOM, and other stakeholders aims to change the perception of the public… Continue reading Nigerian Insurance Stakeholders target Q1-2018 for Industry rebranding project
The federal government of Nigeria has made budgetary provision to the tune of N5.4 billion as 2018 Group Life Insurance cover for its 89,000 workforce, in the 2018 national budget currently before the National Assembly (NASS). To this end, all Federal government workers who die or suffer accidents while in active service will have access… Continue reading 2018 National Budget: Nigeria’s Federal Government Plans Group Life Insurance For 89,000 Workers
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Much has been written on what leaders should and shouldn’t do. Having read almost every notable article on the topic, the natural question to ask was, “What next?” Though full of perennial wisdom—knowledge that even those who don’t study leadership would know—something was missing. The aha moment came: if everything leaders were being told… Continue reading 7 Outrageous Things Every Leader Should Do