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Business News of Wednesday, 16 August 2023

Source: legit.ng

FG releases names of over 2,000 companies qualified to apply for govt contracts in 2023

Aisha Dahir-Umar is the Director-General of National Pension Commission Aisha Dahir-Umar is the Director-General of National Pension Commission

A total of 24,516 companies have obtained their pension clearance certificates from the National Pension Commission.

With the certificates, the companies, by law are now eligible to pursue government contracts within their areas of operations.

PenCom disclosed the names in an updated document published on its website on Monday, August 14, 2023.

The document titled a list of organizations issued pension compliance certificates in 2023, is expected to have more names added before the end of the year.

With 24,516 names already approved as of August 2023, the list for 2023 is expected to exceed the number of firms approved in 2022 (26,556) and 2021 (25,841).

According to the National Pension Act’s laws, a company must have passed the minimum requirement of opening a pension account and life insurance cover for a company to qualify for the certificate.

It stated that companies with no insurance coverage for their workers will not be allowed to do any government business.

PenCom believes that with the regulation, companies would ensure that there is appropriate pension accounts for their workers.

Some of the companies on the list

Group One Dimension Limited

Quicka Nigeria Limited

Ramussal International Limited

Jaiz Takaful Insurance Plc

Premium Times Services Limited

Triacta (Nigeria) Limited

Oye Abioye Quaye and Co

Yabesa Limited

Sao Associates

Sunlee Nig Ltd

Setraco (Nigeria) Limited

Insurance Brokers Of Nigeria Limited

Jaiz Bank Plc

A full list of 24,516 companies is below;