NIA Chair, Tope Smart, Visits Stock Exchange

L – R: Mr. Oscar N. Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE) presenting a replica of the closing gong to Mr. Tope Smart, Chairman, NIA and Group Managing Director, NEM Insurance Plc during the Closing Gong Ceremony to introduce the newly appointed council members of the Association to the capital market stakeholders at the NSE yesterday.

Hot this week

Is Investing for Me? Rethinking Who the Stock Market is Actually Built For

  By Robinson Kolawole "Investing is not for someone like me."...

CIIN Boss, Yetunde llori, Bows Out, Lists Achievements in Office

Mrs. Yetunde llori, the President/Chairman of Council, Chartered Insurance...

WorldStage Business Forum Q2 2026: Prof. Baale Makes Case for Building World-class Nigerian Corporate Culture

L-R: Mr. Segun Adeleye, President/CEO, World Stage Limited; Prof. Lere...

Insurance Brokers Reaffirm Commitment to Local Content, Digital Innovation at SUPERNEWS Conference

Deputy President of the Nigerian Council of Registered Insurance...

Topics

Pension Industry Paid N271bn to Retirees in 2014

Operators in the pension industry paid out total of N271.15 billion as lump sum to retirees in 2014 under the new Contributory Pension Scheme (CPS) and an average monthly pension of N3.84 billion. In addition, another sum of N62.20 billion was paid as premium to insurance companies to provide life annuity for 14, 784 retirees. Mrs. Chinelo Anohu-Amazu, Director-General, National Pension Commission (PenCom) told Business Journal in an Executive Chat that a total of 115,529 workers had retired as at 31 December, 2014 with 87.20 percent (100,745) of the retirees on Programmed Withdrawal, while the remaining 12.80 percent (14,784 retirees) were on Life Annuity.

GEM-TECH Award Winners to be Unveiled on Nov 15 in Bangkok

ITU and UN Women will jointly announce the three...

FG – Nigeria Will Not Bow to Criminal Elements, Moves to Restore Peace in Plateau

The Federal Government has reiterated its resolve to protect...

Seplat Takes Immediate Steps to Counter Interim Court Orders Against its Officers

  Seplat Energy says it was already aware of moves...

Stanbic IBTC Bank Supports GTR West Africa 2025 to Strengthen Regional Commerce

Stanbic IBTC Bank, a leading financial institution committed to...

Unity Bank Projects N5.2bn Profit in Q3 2024

Retail lender, Unity Bank Plc has projected a Profit...

Wema Bank Builds Capacity for Owners, Managers of SMEs in Enugu

In its bid to equip small and medium-scale enterprises...

Natural Disasters Inflict $7tr Economic Losses Since 1900

Natural disasters around the globe have resulted in economic...