Yemisi Izuora Guinea Insurance Plc, has reported a modest increase in Gross Premium Written, GPW, of N1.359 billion, representing a 0.22 per cent improvement in 2022 over the preceding year. Remarkably, Gross Premium Income exhibited significant growth, surging from N1.34 billion in 2021 to N1.39 billion in 2022, marking an impressive 3.73 per cent increase. Net Premium Income also registered substantial expansion, reaching N960 million in 2022, a commendable 9.18 per cent increase compared to the N879 million reported in 2021. These noteworthy achievements were attributed to the company’s strategic expansion into new markets, coupled with enhanced underwriting and…
Author: Orientalnews Staff
Yemisi Izuora The Independent National Electoral Commission, INEC, has published information regarding the number of Permanent Voters Card, PVCs, already collected by prospective voters in the upcoming off-cycle Governorship elections in Bayelsa, Imo and Kogi States scheduled for Saturday, 11th November 2023. The Commission met on Monday 30th October 2023, specifically to review the ongoing preparations for the elections. As was done in recent elections, including the 2023 General Election, the Commission is publishing the comprehensive information of collected and uncollected Permanent Voters’ Cards (PVCs) in the three States on polling unit basis. The information also gives the distribution…
Tunde Bakare The Kwara State Government has promised to deepen support for digital transformation. The idea is to provide an economically viable and self-sustainable environment via digital literacy, youths empowerment, innovation and technology. The State Commissioner for Business, Innovation and Technology, Hon. Damilola Yusuf Adelodun stated this while meeting with Kwara Build Tech Community, in her office. Damilola reiterated that the structural arrangement of the Ministry lies on business activities, boosting trade, creativity, innovation and technology to improve revenue generation in the State and assured residents and communities of meaningful investments that would be beneficial as well as position…
Joseph Bakare The Nigerian Air Force, NAF, has intensified air strikes against identified terrorists’ hideouts and enclaves in Borno State, Northeast Nigeria. The intensity of the strike continued over the weekend unabated. Sequel to intelligence received from Land Component of Operation Hadin Kai (OPHK) on 29 October 2023, that about 22 terrorists in a gun truck and 2 motorcycles were sighted near Marte, NAF aircraft of the Air Component of OPHK were immediately dispatched to interdict the location. After scanning the area, the terrorists were sighted at about 22 km west of Marte and moving northwards towards Munguno. After…
Joseph Bakare Nigeria and Turkey are discussing more robust defence and bilateral cooperation. The discussion came up during the visit of the Minister of Defence (HMOD), Mohammed Badaru Abubakar and the Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar to Turkiye to facilitate the speedy delivery of the T-129 ATAK helicopters acquired for the Nigerian Air Force (NAF) by the Federal Government. As part of programmes lined up for the visit, the HMOD held talks with his Turkish counterpart, Lieutenant General Yasar Guler (Rtd), on critical bilateral and defence cooperation issues. General Guler promised the HMOD of…
Yemisi Izuora The Federal Government has clearly stated that except proactive measures are taken to inject life into the power sector, a huge population of the country would continue to suffer the inefficiencies of the industry. President Bola Tinubu, on Monday, openly declared that the country’s power sector privatisation had failed to meet its objectives, as the national grid was serving only about 15 per cent of the country’s electricity demand despite being privatised 10 years ago. Unfortunately too the Transmission Company of Nigeria, TCN, which it holds 100 per cent interest squarely underperformed during the period of assessment.…
Yemisi Izuora Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has unveiled the highly anticipated second season of its transformative and creative initiative – the FUZE Talent Show. Building on the success of the inaugural season, FUZE Talent Show 2.0 is set once again to ignite the talents and aspirations of Nigerian youths. The FUZE Talent Show initiative is evidence of Stanbic IBTC Pension Managers’ commitment to fostering creativity and innovation; and invites young talents aged between 18 and 35 years to showcase their brilliance across diverse artistic domains, including music, dance, fashion and…
Yemisi Izuora All is now set for the City Business News Summit scheduled to hold November 8, 2023 at Oriental Hotels, Lagos State. Expected at the Business Summit titled: “Repositioning Nigerian Economy: 2023 And Beyond” are financial experts, regulators, Industrialists, among others. A statment issued at the weekend by City Business News Online Publisher, Moses Ebosele, explained that the Summit will be chaired by former Executive Secretary, Nigerian Shippers Council (NSC), Hassan Bello, OON. According to Ebosele, Group Managing Director and Chief Executive Officer, Nigerian Exchange Group Plc, Oscar N. Onyema, OON, is scheduled to give the keynote address. The…
Francesca Odimgbe The Lagos State Government has officially inaugurated Eko Farmers APPEALS Cooperative Multipurpose Society and three Agro-Processing centres facilitated by the Agro-Processing, Productivity Enhancement and Livelihood Improvement Support (APPEALS) Project to boost farmers’ productivity and ensure food security in the State. The Eko Farmers APPEALS Cooperative Multipurpose Society and Frozen Catfish Cottage Industry in Agege where APPEALS Project supported Lagos State Catfish Farmers Association of Nigeria with Blast freezers, Deep freezers and generator sets to encourage value addition through production of frozen catfish were commissioned by Lagos State Commissioner for Agriculture, Ms. Abisola Olusanya. The Commissioner for Agriculture,…
Valentine Okafor Suspected kidnappers have abducted one Rev. Fr Thaddeus Terhembe of Wukari Catholic Diocese in Taraba state. He was abducted in his church, Saint Ann’s Parish, Sarkin Kudu in the Ibi Local Government Area of Taraba State, in the early hours of Sunday. A press statement from the communication officer Rev Fr John Jerome of the Catholic Diocese of Wukari confirming the incident says he was abducted in his Parish at Saint Ann’s Parish, Sarkin Kudu in the Ibi Local Government Area of Taraba State. The statement is urging residents to pray for his safety and quick return.