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Business

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ICT

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

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Stanbic IBTC Nominees Celebrates 30 Years of Trust with Landmark Gala Event

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Insurance

AIICO 2026 Agency Retreat Honours Outstanding Sales Champions

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Mutual Benefits Begins 2026 with ₦5.9bn January Claims Settlement

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Business

Tinubu Hails Nigeria-UAE Partnership as BUA Signs MoU with Abu Dhabi Ports, Mair Group

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Tinubu Hails BOI on N636bn Loan Disbursement to Businesses in 2025

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Repton Group Wins 2025 Dangote Cement Largest Distributor Award

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ICT

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Capital Market

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 KEYNOTE SPEECH BY THE CHAIRMAN OF THE NIGERIA EXCHANGE...

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Insurance

AIICO 2026 Agency Retreat Honours Outstanding Sales Champions

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In a vibrant twist to this year’s Valentine’s Day...

Heirs Insurance Floats ₦5m Grant to Empower Retirees, Pre-Retirees

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has launched the Heirs Insurance Retirement Dream Competition, to empower retirees and pre-retirees with grants to actualise their retirement aspirations.

With a ₦5 million prize pool, the competition invites senior citizens between the ages of 50 and 75 years, across Nigeria, retired or approaching retirement and have previously been in paid employment, to share their retirement goals for the opportunity to turn those long-held dreams into reality. Three winners will be selected. The top entry will receive a ₦2.5 million grant, while the first and second runners-up will receive ₦1.5 million and ₦1 million respectively.

To participate, applicants must submit a 1-minute video entry sharing a dream that would empower them to enjoy their retirement life, via the website, www.heirsinsurancegroup.com/retireesclub. Submissions are open from August 6 to September 12, 2025.

The competition is an off-shoot initiative of the Heirs Insurance Retirees Club, a newly launched community for retirees to network, access expert guidance on health and financial well-being, and improve their overall quality of life post-retirement. Retirees can join this community through the application link on the website: www.heirsinsurancegroup.com/retireesclub

The Heirs Insurance Retirees Club and the Heirs Insurance Retirement Dream Competition are part of the group’s wider effort to empower Nigerians, in line with the company’s purpose to improve lives and transform Nigeria. Through this initiative, Heirs Insurance Group demonstrates its commitment to making insurance accessible to everyone.

The winners of the competition will be announced in October 2025.

Heirs Insurance Group is the insurance arm of Heirs Holdings, the leading pan-African investment company, with investments across 24 countries and four continents.

With a rapidly expanding retail footprint and an omnichannel digital presence, Heirs Insurance Group, comprising Heirs General Insurance Limited, Heirs Life Assurance Limited, and Heirs Insurance Brokers, serves both corporate and individual customers across Nigeria.

Heirs Insurance Group is championing financial inclusion and leading the digital insurance play in Nigeria, demonstrating its mission to democratise access to insurance.

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Topics

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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.

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