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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…
Amid liability fears, PTAD assures new pension harmonisation scheme to boost retirees’ income
Pension Transitional Arrangement Directorate (PTAD) has assured that its implementation of the pension harmonisation for Defined Benefit Scheme (DBS) pensioners, which took effect in May 2026, will lift incomes for many retirees, just as it expressed fears that the programme may…
PenCom kicks-off ‘PenCare’ free healthcare scheme for retirees
National Pension Commission (PenCom), has kicked off the pilot phase of its PenCare initiative by inviting retirees aged from above 60 years to enroll in the free healthcare scheme. Accident to PenCom, the healthcare scheme is also for the 60+ year-olds…
AIICO deepens commitment to education with upgrade of Learning Hall at CIFM
AIICO Insurance has announced the completion of upgrade of the ‘AIICO Hall’ located at the College of Insurance and Financial Management (CIFM) to a standard learning centre complete with modern facilities. The newly-upgraded hall is now outfitted with state-of-the-art multimedia infrastructure,…
AIICO Insurance reports 26.5% revenue growth, as GPW rises to N191bn
AIICO Insurance Plc had reported a 26.5 per cent increase in revenue, representing N137 billion for the year ended December 31, 2025, driven by stronger underwriting performance, improved investment income, and broad-based growth across its insurance and asset management…
Nigeria’s pension fund assets hits N29.52trn — PenCom
National Pension Commission has disclosed that Nigeria’s pension fund assets increased by about N90 billion to N29.52 trillion as of February 2026, supported by gains in domestic equities and Federal Government securities despite tight liquidity conditions and ongoing portfolio rebalancing….
African insurance market to hit $166bn by 2034 as digitalisation, AI drive expansion
Ziggy Ojiegbe Africa’s insurance market is projected to grow from $98.5 billion in 2025 to $166.1 billion by 2034, reflecting an average annual growth rate of 5.79 percent, according to a new report by IMARC Group. The report, titled “Africa…
IMT 2.0: HMOs, underwriters and insurtech players unite on insurance Penetration
Insurance industry stakeholders and delegates from over 70 organizations have resolved to forge collaboration in pushing efficient strategies for services penetration in the Nigeria’s financial services sector. The need for collaboration and shared knowledge formed the high light of the…
NCDMB backs confab on local content implementation in insurance industry
Lagos: June 12, 2023; The Nigerian Content Development and Monitoring Board, NCDMB, has accepted to lead discussion at the 2023 National Conference on Building Local Content Synergy between the Insurance Industry and Oil and Gas Sector. Executive Secretary of the…
