• Contact Us
  • About
  • Advertise
  • Privacy & Policy
Saturday, June 14, 2025
  • Login
E3P Motor Insurance
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
No Result
View All Result
Business Post
No Result
View All Result
Home Pension

Processing Access To 25% Of Contributors Pension Fund Draws Near With Release Of Approved Mortgage Banks

Nwanne Ikemefune by Nwanne Ikemefune
December 10, 2022
in Pension
0 0
0
PenCom Primes Safety Of Pension Funds Non Negotiable

Director-General, National Pension Commission, Mrs. Aisha Dahir-Umar

0
SHARES
66
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

National Pension Commission (PenCom) has obtained the list of approved mortgage banks from the Central Bank of Nigeria to participate in closing the wide gap in residential mortgage in Nigeria for the eligible contributors in the 9.4 million contributory pension scheme.

PenCom in the list despatched today contained 34 mortgage banks spread across the current listed states of the federation with Lagos topping with 19, following is Abuja with 7 and 2 for Akwa Ibom and other states that made the entry one each.

The mortgage firms were divided into two: national with minimum capital requirement of N5bn and state with N2.5bn minimum capital. In all there are 13 categorised under national while the remaining 21 are in state bracket.

Meanwhile the Commission has assured Nigerians who are on the edge to begin the process that the residential mortgage policy would work. This assurance was giving on behalf of the Director General, Aisha Dahir-Umar by Ehimeme Ohioma a Director at a media parley hosted by Pension Operators of Nigeria PenOp in Lagos for pension journalists.

Ohioma said said the soon to commence policy need the support of all eligible contributors and stakeholders in the approving chain for the good of the country.

He said the pension industry is strong and would partner with other stakeholders to make it work. At the parley PenCom officials said the initial cut off for eligible contributors was 10 years but has now been reduced to five years. With the reduction of years for eligible contributors, PenCom officials said 50% of current contributors could apply to access 25% of the RSA funds for residential mortgage.

Previous Post

NAICOM Prods Insurance Companies To Assemble ESG Operation Line That Impacts Stakeholders

Next Post

2023: PenCom, Pension Operators Canvass For Voluntary Consolidation And Strong Informal Sector

Nwanne Ikemefune

Nwanne Ikemefune

Related Posts

Awards Drenched Leadway Pensure Exceeds Target, Records 25% Growth In 2023
Pension

Leadway Pensure Says Strategic, Early Informal Sector Inclusion Will Strengthen Pension Systems

May 30, 2025
PenOp Upgrades Appoints New Chief Operating Officer
Pension

PenOp Upgrades Appoints New Chief Operating Officer

May 28, 2025
Non Compliant Employers Have no Defence For Non-Remittance of Pensions – Justice Anuwe
Pension

Non Compliant Employers Have no Defence For Non-Remittance of Pensions – Justice Anuwe

May 26, 2025
Next Post
2023: PenCom, Pension Operators Canvass For Voluntary Consolidation And Strong Informal Sector

2023: PenCom, Pension Operators Canvass For Voluntary Consolidation And Strong Informal Sector

Please login to join discussion
NEM INSURANCE NEM INSURANCE NEM INSURANCE
  • Trending
  • Comments
  • Latest
Loss Adjusters Receive Charge To Match Speed Of New Developments

Loss Adjusters Receive Charge To Match Speed Of New Developments

April 27, 2024
tope smart NIA former chairman

Insurance Milestone: A Beacon To Follow

April 3, 2022
Custodian Investment To Acquire 51% Stake In UACN Property

Penetration: Operators Call For Insurance-In-Action

November 2, 2022
NCRIB And Universal In Pictures

NCRIB And Universal In Pictures

May 4, 2024
Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

Reinsurance Rates May Increase Into 2022, But Momentum To Wane: Fitch

April 13, 2021
ncrib logo

NCRIB Sets The Stage For Adaramola’s Tenure

June 7, 2023
Preferred PenCom Logo

PenCom Board Crafted To Hedge Setback

February 1, 2021
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

December 6, 2021
PTAD Wipes 21,227 Parastatals Pensioners From Payroll

PTAD Wipes 21,227 Parastatals Pensioners From Payroll

January 31, 2021
Preferred PenCom Logo

PenCom Board Back-To-Work Pass, Gets Tick Over

May 4, 2025
Anchor MD Loses Father

Anchor MD Loses Father

2
Regulators Clear Guinea Insurance  For Private Placement

Regulators Clear Guinea Insurance For Private Placement

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Inaugurates Discount Rate Committee To Ease Insurance Contracts Under IFRS 17

2
Insurance Mastercard Joe Irukwu Passes On

Insurance Mastercard Joe Irukwu Passes On

2
AIICO Head office

Car Insurance Takes A New Turn With AIICO, ETAP ‘Redefine Partnership’

2
Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

2
Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

2
Loss Adjusters Receive Charge To Match Speed Of New Developments

Loss Adjusters Receive Charge To Match Speed Of New Developments

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

Federal Government & NAICOM Working On New Guidelines For Insuring Government Assets

2
Ilori

Maiden Insurance Week Adopts Wide Angle Lens to Capture All For Insurance

June 14, 2025
CAMCONIA Sprints With Full Vigour For Maiden Insurance Week

CAMCONIA Sprints With Full Vigour For Maiden Insurance Week

June 13, 2025

How an Insurance Company is Using Entertainment to Promote Insurance Education in Africa

June 13, 2025
Image Spin: Insurers Committee Revolving Meeting Concludes The 18th in Lagos

Image Spin: Insurers Committee Revolving Meeting Concludes The 18th in Lagos

June 12, 2025
Leadway Advocates Safety First as Nigerians Embrace The New Year

Leadway Supports Nigerian Pavilion at the London Design Biennale 2025

June 11, 2025
Sanlam and Allianz, Beacons of Global & Continental Insurance Merge to Enhance Operations in Nigeria

Sanlam and Allianz, Beacons of Global & Continental Insurance Merge to Enhance Operations in Nigeria

June 10, 2025
“Bring Your Kid to Work Day” Lights up Prudential Zenith Life on Children’s Day

“Bring Your Kid to Work Day” Lights up Prudential Zenith Life on Children’s Day

June 5, 2025
Premium Perspective: Insurers Earn Trust, Premium Spirals Up

Features of Insurance Make Insurance Rescue Made to Fit Obligation

June 2, 2025
Awards Drenched Leadway Pensure Exceeds Target, Records 25% Growth In 2023

Leadway Pensure Says Strategic, Early Informal Sector Inclusion Will Strengthen Pension Systems

May 30, 2025
AIICO Insurance Showers Joy and Hope on Visually Impaired Children on Children’s Day

AIICO Insurance Showers Joy and Hope on Visually Impaired Children on Children’s Day

May 29, 2025
ADVERTISEMENT

Recent News

Ilori

Maiden Insurance Week Adopts Wide Angle Lens to Capture All For Insurance

June 14, 2025
CAMCONIA Sprints With Full Vigour For Maiden Insurance Week

CAMCONIA Sprints With Full Vigour For Maiden Insurance Week

June 13, 2025

How an Insurance Company is Using Entertainment to Promote Insurance Education in Africa

June 13, 2025
Image Spin: Insurers Committee Revolving Meeting Concludes The 18th in Lagos

Image Spin: Insurers Committee Revolving Meeting Concludes The 18th in Lagos

June 12, 2025
Leadway Advocates Safety First as Nigerians Embrace The New Year

Leadway Supports Nigerian Pavilion at the London Design Biennale 2025

June 11, 2025
Sanlam and Allianz, Beacons of Global & Continental Insurance Merge to Enhance Operations in Nigeria

Sanlam and Allianz, Beacons of Global & Continental Insurance Merge to Enhance Operations in Nigeria

June 10, 2025
“Bring Your Kid to Work Day” Lights up Prudential Zenith Life on Children’s Day

“Bring Your Kid to Work Day” Lights up Prudential Zenith Life on Children’s Day

June 5, 2025
Premium Perspective: Insurers Earn Trust, Premium Spirals Up

Features of Insurance Make Insurance Rescue Made to Fit Obligation

June 2, 2025
Awards Drenched Leadway Pensure Exceeds Target, Records 25% Growth In 2023

Leadway Pensure Says Strategic, Early Informal Sector Inclusion Will Strengthen Pension Systems

May 30, 2025
AIICO Insurance Showers Joy and Hope on Visually Impaired Children on Children’s Day

AIICO Insurance Showers Joy and Hope on Visually Impaired Children on Children’s Day

May 29, 2025
PenOp Upgrades Appoints New Chief Operating Officer

PenOp Upgrades Appoints New Chief Operating Officer

May 28, 2025
Newly Appointed MD/CEO Of NAIC Resumes Office, Pledges Inclusive Reforms

Newly Appointed MD/CEO Of NAIC Resumes Office, Pledges Inclusive Reforms

May 28, 2025
Regulatory Reinforcements Keeps Insurance System Risks Low, Safe From Sinking Platforms of Financial Institutions

Regulatory Reinforcements Keeps Insurance System Risks Low, Safe From Sinking Platforms of Financial Institutions

May 28, 2025
Leadway Advocates Safety First as Nigerians Embrace The New Year

Leadway Group Rolls Out Third Edition of ‘Pages to Places’ Initiative Targets 10,000 Children

May 29, 2025
NEM Insurance NEM Insurance NEM Insurance
Business Post

We connect brands with buyers and sellers of insurance, pension and also project insurance and allied Businesses to the trending generation. We help the various public to adapt to the constant changes as it would impact, and also enable advertisers to connect, engage and target opportunities on line , in print and in person.

Browse by Category

  • Business Unlimited
  • Feature
  • Insurance
  • News
  • OIL & ENERGY
  • Pension
  • Travel
  • Uncategorized

Recent News

Ilori

Maiden Insurance Week Adopts Wide Angle Lens to Capture All For Insurance

June 14, 2025
CAMCONIA Sprints With Full Vigour For Maiden Insurance Week

CAMCONIA Sprints With Full Vigour For Maiden Insurance Week

June 13, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 BusinessPost

No Result
View All Result
  • Home
  • Insurance
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Contact Us
  • About
  • Advertise
  • Privacy & Policy

© 2023 BusinessPost

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In