Yemisi lzuora HR Expo Africa, has honoured the General Counsel and Human Resources Director of AXA Mansard Insurance Plc, Omowunmi Mabel Adewusi.Adewusi, received the Lifetime Achievement Award in recognition of her outstanding contributions to the human resources profession and her enduring impact on organisational development and people management. According to HR Expo Africa, the award recognises her outstanding contributions to the human resources profession and her sustained impact in shaping people-focused strategies and organisational culture over the course of her career. HR Expo Africa is a leading platform that celebrates excellence in human capital development, recognising individuals and organisations that…
Author: orientalnewsng
Yemisi lzuora Former commissioner for Insurance/CEO, National Insurance Commission(NAICOM), Alhaji Mohamed Kari has advised the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele to reject calls for regulatory concessions in the midst of the just concluded insurance industry recapitalisation exercise in the country. The call, he said, is unnecessary especially, when the companies clamouring for such concessions were chronic defaulters whose failure or strict regulatory discipline poses absolutely zero systemic risk to the Nigerian financial system or the broader economy. Recall that NAICOM had requested insurance companies, as part of the recapitalisation process, to transfer…
The Nigeria Customs Service (NCS) has briefed the Senate Committee on Customs, Excise and Tariffs on its ongoing digital transformation and operational reforms, urging lawmakers to review its legal framework to align Nigeria’s trade laws with rapidly evolving global practices. Speaking at a capacity-building retreat organised for the committee on 5 August 2026, the Comptroller-General of Customs (CGC), Adewale Adeniyi, stated that meaningful legislative oversight depends on lawmakers having a complete understanding of modern customs operations. He explained that the retreat was designed to bridge information gaps, enabling the Senate committee to evaluate the Service’s transformation from an informed…
Abia State Governor, Dr. Alex Otti, has expressed a strong commitment to partner with the Rural Electrification Agency (REA) to fast-track renewable energy projects across the state, admitting that it was unacceptable for Abia to lag behind given its vast potential. Receiving a high-level delegation from the REA, the Ministry of Finance Incorporated (MOFI), and the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (PI-CNG & EV) at Government House, Umuahia, on Thursday, Governor Otti pledged to resolve outstanding operational delays and activate existing agreements with the federal agency. Addressing the delegation, Otti acknowledged that while Abia State…
Yemisi Izuora Sahara Upstream has deployed MT D Adesanya, a 380,000-barrel Medium Range (MR) tanker, to enhance crude oil evacuation capacity at OML 18, strengthen operational efficiency and advance sustainability across its marine logistics operations. The vessel, which has a capacity of more than 62,000 cubic metres of crude oil, will serve as an additional mother vessel for OML 18 crude evacuation operations, complementing MT D Bayero and expanding the infrastructure supporting one of Nigeria’s key upstream assets. Named in honour of the late Mr. Debola Adesanya, who led Sahara’s Kenya operations and contributed significantly to the organization’s growth…
NAICOM ANNOUNCES SUCCESSFUL COMPLETION OF THE INSURANCE SECTOR RECAPITALIZATION EXERCISE, HERALDING A NEW ERA OF INSURANCE IN NIGERIA Abuja, Nigeria 1 August 2026 The National Insurance Commission, today announced the successful completion of the twelve-month insurance sector recapitalization exercise undertaken pursuant to Section 15 and other relevant provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed into law on 31 July 2025 by His Excellency, President Bola Ahmed Tinubu, GCFR, as part of his administration’s financial sector transformation agenda towards the attainment of a US$1 trillion economy by 2030. The successful conclusion of the exercise marks a defining…
L-R: Executive Director of Finance and Administration, EDFA, of the Delta State Oil Producing Areas Development Commission, (DESOPADEC), Chief Oghenekome Reginald Okpobor; Managing Director Tantita Security Services Nigeria Limited, Mr. Kestin Pondi; newly married couple, Ebiere and Soso Soberekon and MD Zenco, Chief Cletus Uzoezie Oragwa during the Marriage reception of the Soberekons in Warri Delta State recently. L-R: Founder Esther Matthew Tonlagha Foundation, Dcns Dr. Esther Tonlagha; Mrs. Fun-ere Uduboh; newly married couple, Ebiere and Soso Soberekon and CEO of KFT Group/KFT Conglomerate, High Chief Ekomieyefa Uduboh during the Marriage reception of the Soberekons in Warri Delta State recently.
…Says Govt Will Continue to Invest in Security By Abah Benjamin Eneojoh Kogi State Governor, His Excellency Alhaji Ahmed Usman Ododo, has charged the pioneer batch of the National Forest Guards in the state to serve with discipline, integrity and patriotism as they begin the important task of protecting Kogi’s forests and communities from criminal elements. Speaking at the passing-out ceremony of the first batch of the National Forest Guards held on Saturday at the Muhammadu Buhari Civic Centre in Lokoja, the Governor described the event as another major step in the state’s commitment to securing lives and property.…
Guinea Insurance Plc has reached a major milestone in its recapitalisation exercise, having exceeded the ₦15 billion minimum capital requirement set by the National Insurance Commission (NAICOM) for non-life insurance companies, following the successful conclusion of its hybrid capital raise. The Company raised approximately ₦12.6 billion through a hybrid offer made up of a Rights Issue and a Private Placement. Both transactions complied with regulatory guidelines and obtained all necessary approvals from the Securities and Exchange Commission (SEC). According to the Managing Director, Mr. Ademola Abidogun, the proceeds from the capital raising exercise, when combined with the Company’s existing paid-up…
The National Insurance Commission (NAICOM) and the Nigerian Insurers Association (NIA) are calling for a stronger partnership with insurance and pension editors NAIPE to accelerate the growth of Nigeria’s insurance industry. Speaking at the investiture of the new executives of the Nigerian Association of Insurance and Pension Editors (NAIPE) in Victoria Island, Lagos, on Thursday, NAICOM urged closer collaboration between NAIPE, industry operators and other stakeholders to drive reforms that will strengthen the insurance sector, boost Nigeria’s economic resilience and expand social security. The Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr. Olusegun Omosehin, said sustained partnership…