Insurance penetration still below 1% of GDP — AXA Mansard
Insurance penetration in Nigeria remains below one per cent of the country’s Gross Domestic Product, despite the nation’s population of more than…
Insurance
PenCom extends pension verification deadline after low turnout
The National Pension Commission has extended the deadline for the ongoing mandatory One-Time Online Verification and Enrolment Exercise for employees of treasury-funded…
Why Q1 2026 pension contributions dropped by 38% — PenCom
The National Pension Commission has clarified that the 38 per cent decline in pension contributions recorded in the first quarter of 2026…
PTAD pays ₦3.82bn pension arrears to 30,356 retirees
The Pension Transitional Arrangement Directorate has disbursed N3.82 billion in accrued pension arrears to 30,356 Federal Government retirees under the Defined Benefit…
Pension contributions fall by 38% in Q1 2026
Pension contributions under Nigeria’s Contributory Pension Scheme declined by 38 per cent in the first quarter of 2026, according to data released…
PenCom admits PPP savings target will miss 2026 deadline
The National Pension Commission says it will not meet its Personal Pension Plan target of 30 per cent funded accounts by Q4…
Linkage Assurance completes ₦16.2bn rights issue ahead of deadline
Linkage Assurance Plc has successfully completed a N16.2 billion Rights Issue to meet the National Insurance Commission’s minimum capital requirement ahead of…
NAICOM hails Senate over insurance regulatory commission bill passage
The National Insurance Commission has commended the Senate for the successful passage of the National Insurance Regulatory Commission Bill. In a statement…
PenCom plans new investment vehicle to fund pension industry infrastructure
Nigeria’s National Pension Commission is developing plans to establish a new investment vehicle that could channel resources from the country’s $22 billion…
NAICOM boss charges NIA to rebuild public trust in insurance
Commissioner for Insurance, National Insurance Commission, Mr. Olusegun Ayo Omosehin, has charged the Nigerian Insurers Association, to lead the rebuilding of public…
NAICOM bars re-licensing of firms with outstanding claims
As the insurance recapitalisation deadline of July 31st 2026 draws near, the National Insurance Commission has stated that it will not re-license…
92% of personal pension plan accounts dormant — PenCom
Amidst efforts by the National Pension Commission to include informal sector workers in the pension scheme, the Personal Pension Plan which caters…