Invitation to Business Journal 2nd Annual Lecture/Awards 2019

Leadway Assurance Company Limited, a foremost player in the...

Cornerstone Insurance Plc has won the 2O16 Innovation of...

Nigeria's Ntel, which recently bought the assets of struggling...

Generation Z is entering the workforce, bringing with it...

The non-availability of foreign index bond is impeding desired...

Amplified Payments Limited, a fintech company that builds and...

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.

A new initiative by ACCA (the Association of Chartered...