Deceased workers’ relatives received N129bn pension, insurance settlements — Nigerian National Pension Commission.

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.

Nigeria’s NAICOM Moves to Save Weak Insurance Firms from Collapse

 The Nigerian National Insurance Commission (NAICOM) recently took a decision that may serve as a final step to save  identified weak firms in the system from total collapse. The commission, was said to have written administrative letters to insurance firms that are presently undergoing financial challenges as revealed by published financial reports, guiding them on… Continue reading Nigeria’s NAICOM Moves to Save Weak Insurance Firms from Collapse