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…
Author: orientalnewsng
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…
By Gaffar Tunde Do we really have the interest of our country at heart or are we hell-bent on seeing them fail? News reports have been fraught with inaccurate details regarding an alleged plan by the Federal Government to increase tariffs and remove subsidies. Many people have been reporting misleading information rather than the facts. Here is an account of the true state of the media interaction the Minister of Power, Joseph Tegbe held with senior journalists to brief them on activities in the power sector since he assumed office. Addressing the media executives present at the interaction, the…
Yemisi Izuora AXA Mansard Plc is tackling delays in access to healthcare services through digital innovation with the introduction of Karis, a WhatsApp-based platform designed to simplify health insurance processes for enrollees. Speaking at the Investiture of the new executives of the Nigerian Association of Insurance and Pension Editors(NAIPE) in Victoria Island, Lagos on Thursday, the Head of Marketing and Corporate Communications, AXA Mansard insurance Plc, Mr Olusesan Ogunyooye said, Karis was developed to address the frustrations often experienced by customers in accessing healthcare services. According to him, the platform seeks to eliminate long waiting times for treatment authorisation,…
L-R: Dr. Gbadebo Aderenle, Managing Director, United Capital Investment Banking; Adetola Fasuyi, Managing Director, United Capital Wealth Management; Dr. Odiri Oginni, Managing Director/Chief Executive Officer, United Capital Asset Management; Peter Ashade, Group Chief Executive Officer, United Capital Plc; Esther Adeola-Balogun, Managing Director/Chief Executive Officer, UCEE Microfinance Bank; and Adekunle Olugbile, Head, United Capital Consumer Finance; at the maiden edition of the United Capital Investor Relations Roundtable held in Lagos recently. Yemisi Izuora United Capital Plc has posted a sharp jump in earnings for the first half of 2026, with profit after tax climbing 77.5 per cent year-on-year to N21.10 billion.…