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Insurers redraw Middle East risk map as Houthis escalate attacks
Marine insurers in London have expanded the Red Sea area classified as high-risk for commercial shipping following a series of attacks by Yemen’s Iran-backed Houthi rebels on Saudi-linked vessels, underscoring mounting threats to one of the world’s most critical energy…
Nigeria’s pension assets jump by 51% to hit N31.48trn
Nigeria’s pension assets jumped by 51 per cent in two years to teach N31.48 trillion, according to the National Pensions Commission (PenCom). According to the regulatory, nationwide membership of the country’s contributory pension scheme also grew by nearly 1 million…
PenCom expands PenCare threshold, says only 8 states operate contributory pension scheme
National Pension Commission (PenCom) has increased the income eligibility threshold for its PenCare pilot programme, as it now allows retirees who earn monthly pensions of up to N150,000 to benefit from the free health insurance initiative, compared with the previous limit…
FG steps in to clear N39.63bn pension liabilities of 24,814 retirees
Federal Government, through the Pension Transitional Arrangement Directorate (PTAD) has disbursed N39.63 billion to clear outstanding pension liabilities for 24,814 eligible retirees under the Defined Benefit Scheme (DBS). PTAD completed the disbursement following a directive from the Minister of Finance…
Exclusion of pension funds, poor technology remain barriers to insurance penetration in Nigeria — NCRIB
Nigerian Council of Registered Insurance Brokers (NCRIB) has listed such impediments as the continued exclusion of pension funds from the core insurance sector, poor adoption of technology and widespread ignorance about sector’s benefits, as responsible for low insurance penetration in…
PenCom, trade union plan pension coverage for 9m transport workers
Industry regulator, the National Pension Commission (PenCom) and the National Union of Road Transport Workers (NURTW) have commenced discussions on a partnership aimed at enrolling an estimated nine million transport workers into the Personal Pension Plan under Nigeria’s Contributory Pension…
Nwachukwu appointed NIA’s first female Chairman, unveils 3-point agenda to deepen insurance access in Nigeria
Ebelechukwu Nwachukwu has emerged the first female Chairman of the Nigerian Insurers Association (NIA). Mrs Nwachukwu, who is also Managing Director of Rex Insurance Limited, will be inaugurated as the 27th chairman of the association on July 3. Speaking at…
AIICO tops industry rankings, voted 2026 best insurance firm at prestigious Capital Market Awards
AIICO has been voted Insurance Company of the Year 2026 at the Nairametrics Capital Market Awards, emerging as the top performer among its peers in a category designed to recognise excellence across Nigeria’s insurance landscape. The Nairametrics Capital Market…
Pension assets hit N30trn in April — PenCom
Nigeria’s pension assets jumped by 4.8 per cent to hit a record N30.94 trillion in April 2026, according to the National Pension Commission (PenCom). The commission noted that the development further represents a growth of 4.8 percent compared with N29.52…
AIICO drives community health development with malaria prevention outreach in Ibadan communities
AIICO Insurance Plc has reaffirmed its commitment to improving public health outcomes and advancing sustainable community development through its support for a large-scale malaria prevention outreach in Ibadan, Oyo State, in commemoration of World Malaria Day 2026. The initiative, implemented in…
