Yemisi Izuora After successfully meeting the new recapitalisation requirement for non-life insurance companies prescribed by the National Insurance Commission (NAICOM), under the Nigeria Insurance Industry Reform Act, (NIIRA) 2025, Sovereign Trust Insurance Plc (STI) one of Nigeria’s leading insurance companies is now more determined to make monumental strides toward achieving its set goals. This feat has reinforced the Company’s financial strength and commitment to long-term growth. The achievement marks another significant milestone in the Company’s journey of building a stronger, more resilient and future-ready insurance business, while positioning it to take advantage of emerging opportunities within Nigeria’s evolving insurance…
Author: Orientalnews Staff
Moses Ofodeme President Bola Tinubu has called on the Independent National Electoral Commission and the security agencies to ensure a peaceful and transparent election in Osun State. The people of Osun State will go to the polls on Saturday, August 15, 2026, to elect their governor in an election where 15 candidates are contesting. Among them are the incumbent Governor Ademola Adeleke, the All Progressives Congress candidate, Asiwaju Munirudeen Bola Oyebamiji, and the African Democratic Congress candidate, Hon. Najeem Salaam. President Tinubu also charged the electorate in Osun State to come out to discharge their civic responsibility…
Tunde Bakare The Ibadan Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) on Thursday, August 13, 2026 arraigned one Lawal Babale Musa before Justice Olusola Adetujoye of the Oyo State High Court, sitting in Ibadan, Oyo State. Musa was arraigned on a fifty seven-count charge bordering on forgery, uttering of documents and stealing to the tune of N56, 491, 000.00 (Fifty-six Million, Four Hundred and Ninety-one Thousand Naira). Count one of the charges reads: “That you, Lawal Babale Musa ‘M’ on or between 2nd November, 2022 to 22nd July, 2024 at Ibadan, within the jurisdiction of this Honourable…
Tunde Bakare President Bola Ahmed Tinubu has commended Nigerians in the diaspora for their courage, enterprise, resilience, and outstanding contributions to the global economy and Nigeria’s image. President Tinubu stated this while declaring open a three-day Nigeria Diaspora Economic Conference (NIDEC) 2026 at the Apollo Convention Centre, Toronto, Canada. His Chief of Staff, Femi Gbajabiamila, represented him. The President described Nigerians in the Diaspora as important ambassadors of the country, noting that their accomplishments across different fields of endeavour demonstrate the talent, ingenuity and determination of the Nigerian people. President Tinubu said the Federal Government recognises…
Uche Cecil Izuora The inaugural oil industry Host Community Summit, HostComm which is bringing together key industry players is expected to develop and build scalable funding models for community infrastructure. HostComm is a platform created by a consortium of three Oil and Gas industry focused organisations comprising Caritas Communications Limited, Africa Oil+Gas Report (AOGR) and Pedestal Africa. HostComm as the forum is named is a decisive move to bridge the gap between regulatory mandates and ground-level execution. Under the theme “Building Trust, Creating Shared Value and Sustaining Development,” the HostComm Summit scheduled for August 09-10, 2027 in Lagos, will…
Joseph Bakare Associate director in the energy, mining and maritime practice at Andersen Nigeria, Timipre Tope, has commended government’s efforts in addressing liquidity crises in the power sector through bond issuance but however warned that industry is still experiencing structural challenges. Tope, said government support was likely to bolster demand for the issuance after the first phase was delivered successfully. “One thing about government bonds is that it’s kind of sovereign, it’s backed by the sovereignty of the nation, and people would believe very strongly in it,” Tope said in television interview, reported by CNBC Africa. He said the…
Polaris Bank has hosted some children of its employees to a memorable day of fun, learning and workplace discovery as part of its commitment to strengthening employee engagement and creating meaningful experiences for staff and their families. The “Bring Your Child to Work” programme, which welcomed children aged six years and above, provided the young participants with an opportunity to experience the workplace from a different perspective, see where their parents work, meet their colleagues, and gain a better understanding of what their parents do every day. The children, selected through an internal trivia draw conducted for staff, participated in…
New data from CFA Society Nigeria is changing how the country’s financial sector approaches talent development. Access has emerged as the single largest source of CFA candidates in Nigeria, a shift industry observers say reflects a broader move toward building investment expertise internally. In its “Where Nigeria’s Finance Professionals Work” series, published in a national daily, CFA Society Nigeria reported that Access leads employers of CFA candidates with 82 enrollees more than double the 38 at the second-ranked institution and far ahead of other banks and financial firms. Access also ranks second for employers of CFA charterholders, with 11 professionals…
By Adesegun Adeshi Gbenga Nigerian banks have moved swiftly to contain the effects of a sophisticated global cyber campaign sweeping across sectors and continents, with industry sources assuring the public that the nation’s financial system remains strong, resilient and secure. The campaign, described by analysts as one of the most coordinated waves of attacks in years, is neither peculiar to Nigeria nor limited to finance. Organisations in telecommunications, healthcare, government, energy, technology and corporate registries across Europe, Asia, the Americas and Africa have been targeted by the same wave of…
Uche Cecil Izuora More than 100 traders and residents of New Gbagi Market, Ibadan, received free dental consultations, preventive oral healthcare and basic medical screenings as SIFAX Group partnered with the University of Ibadan Association of Dental Students (UADS) to deliver a community dental outreach aimed at improving access to oral healthcare. The outreach, held on July 25 under the Committee on Dental Education and Health (CODEH), saw 101 participants undergo comprehensive dental consultations after an initial registration of about 130 people. Beneficiaries also received free blood pressure, blood glucose, and body mass index (BMI) checks, while 30 patients…