Yemisi Izuora In line with one of their core Corporate Social Investment pillars – Health, Wema Bank, a leading financial institution in Nigeria, partnered with Karis and Eleos Hope Foundation for the World Malaria Day 2023 commemoration. The event took place at Idi Araba Community, Oworoshoki with over 500 beneficiaries within the community impacted. The residents were enlightened on the importance of good personal and environmental hygiene for malaria prevention as well as appropriate treatment measures. The Bank donated free insecticide-treated mosquito nets to the community with provision of free medical check-up facilities and waste disposal bags by Karis…
Author: Orientalnews Staff
Yemisi Izuora The Nigerian Insurance industry has released a detailed programmers of events that will take place during the West African Insurance Companies Association (WAICA). Nigeria is hosting the WAICA, which celebrates its 50th anniversary, and the conference will take place from 7 – 9 May 2023 at Eko Hotels & Suites, Victoria Island, Lagos. From the programme obtained by Oriental News Nigeria, there will be an elaborate ceremony which will include awards to past presidents and others who have contributed to the growth of the subregional body over the years. Chairman of the Local Organizing Committee and Deputy…
Yemisi Izuora Coronation Life Assurance Limited has underwriting profit appreciated to N2.206 billion, which was contained in its financial statement for the year ended 31, December 2022. The firm’s underwriting profit also grew from N223,767 million in 2021 to N2.206 billion in 2022. Gross premium written appreciated by 8.19 percent to N4.065billion in 2022 from N3.757 billion achieved in 2021, while total assets rose to N13.716billion from N12.287 billion in 2021, while Gross Premium Income (GPI) stood at N3.369 billion in 2022 while net premium income was N2.591 billion in the year under review. Equally, Profit before tax went…
Yemisi Izuora Unity Bank Plc has received commendation for its consistent environmental sustainability initiatives and programmes aimed at protecting the planet earth. Nigeria’s foremost environmentalists, Mr. Desmond Majekodunmi, who is the founder of Lufasi Nature Park, Lagos – Nigeria’s only urban forest reserve – gave the commendation at the Bank’s Beach Cleaning and Tree Planting exercise held to commemorate the World Earth Day 2023. According to the nature park promoter, Unity Bank’s commitment to environmental protection through consistent investment in sustainability programmes and initiatives has set the institution apart. Recall that this year’s edition of the Beach Cleaning exercise…
Yemisi Izuora The Central Bank of Nigeria, CBN, has asked the public to get ready to key into full digital transactions that will soon influence activities in the financial sector. Governor of the Bank, Godwin Emefiele, said already the global financial system is fast evolving, with different economic blocs and financial institutions introducing innovative solutions to make the global payment system more efficient, faster, transparent and safer for transactions settlement. Speaking at the 34TH seminar for Finance Correspondents and Business editors, themed, “Implementing a Robust Payment Architecture: Prospects, Opportunities and Challenges” on Tuesday in Calabar, Cross River State, Emefiele,…
Yemisi Izuora The Central Bank of Nigeria, CBN, said it has enhanced its collaborative efforts to significantly deal with activities of unlicensed entities. The a Apex Bank said this has become necessary as some entities have continued to exploit access to information technology to engage in regulated activities without the appropriate licenses and authorisation. Godwin I. Emefiele, Governor, of the Bank, while speaking at the 34TH seminar for Finance Correspondents and Business editors, themed, “Implementing a Robust Payment Architecture: Prospects, Opportunities and Challenges” on Tuesday in Calabar, Cross River State, Nigeria, stated that activities of fraudsters has continued to…
Ken Okeke The Federal Airports Authority of Nigeria, FAAN, has said that the recent demolition of 13 houses which posed grave dangers to the operations of the Murtala Muhammed International Airport, were in order. According to Mrs. Faithful A. Hope-Ivbaze, Ag General Manager, Corporate Affairs of FAAN, the area of land presently housing the Murtala Mohammed International Airport, Lagos was acquired for public use by the Federal Government of Nigeria through the Lands Acquisition Ordinance by FGN Official Gazettes in 1944, 1972, and 1975 respectively. She said, however, that sometimes in the year 2000, the Authority noticed some encroachments…
Yemisi Izuora The Manufacturers Association of Nigeria, MAN, has sought some adjustments on some of the approvals made by the Federal Government as provided for under the Supplementary Protection Measures (SPM) on Annex I, II and III of the 2023 Fiscal Policy guidelines, which is in support of MAN agenda of Resource-based Industrialization. The Director General, DG, of MAN, Segun Ajayi-Kadir, after reviewing the newly released 2023 Fiscal Policy Measures and Tariff Amendments, thought commended Government for those approvals but however requested that in addition to the issue of Excise tax increase, Government should reconsider, the Green Surcharge –…
Yemisi Izuora The Manufacturers Association of Nigeria, MAN, has brought to the notice of the Federal Government, the negative impact its new Excise policy would have on the economy. While reviewing the newly released 2023 Fiscal Policy Measures and Tariff Amendments, Segun Ajayi-Kadir, Director General, DG, of MAN, warned that the real impact on its members in the industries under excise regime from the 2022 fiscal policy would be dire. The DG, first noted that it would result to reduced production volumes with its attendant result on downward trend in capacity utilization while illicit trade in some of the…
Yemisi Izuora Sanlam Life Insurance Nigeria Limited, formerly FBN Insurance Limited, has rewarded outstanding members of the Sales force at the 2022 MD/CEO Ember Championship and The Retail Annual Competition (TRAC) held in Jos, Plateau State. The event aims at motivating her retail sales force to drive market expansion. At the ceremony, the Managing Director/Chief Executive Officer, Sanlam Life Insurance Limited, Tunde Mimiko, presented a brand-new Hyundai Accent car to the overall winner of the 2022 TRAC Award (Financial Advisors category), Agene Jacob Israel. Winners in other categories got cash prizes, return tickets to United States of America, a…