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International Energy Insurance Company. International Energy Insurance Company (IEI) is an insurance company that was acquired by Norrenberger Group in December 2021. [7] The acquisition was approved by the National Insurance Commission (NAICOM), the regulatory body for insurance in Nigeria.
The fund was established by the Nigeria Sovereign Investment Authority (Establishment, etc.) Act 2011, signed in May 2011, and commenced operations in October 2012 . It is intended to invest the savings gained on the difference between the budgeted and actual market prices for oil to earn returns that would benefit future generations of ...
A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a federal state) composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are entities that manage the national savings for the purposes of investment.
National Lottery Trust Fund [7] Nigeria National Merit Award; National Commission for Refugees, Migrants, and Internally Displaced Persons (formerly National Commission for Refugees) ServiCom; National Salaries, Incomes and Wages Commission; Federal Character Commission (FCC) [8] National Lottery Regulatory Commission; National Pension Commission
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The Insurers Committee is a body consisting of the National Insurance Commission (NAICOM) and chief executive officers of all underwriting Insurance companies in Nigeria. [1] [2] The Committee operates under a mandate to activate the industry's change agenda, and strategically reposition the Insurance industry. [3]
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The National Insurance Fund is an account which holds the contributions of the National Insurance Scheme. The Contingencies Fund is an account which may be used for urgent expenditure in anticipation that the money will be approved by Parliament, or for small payments that were not included in the year's budget estimates. [2]