Yemisi Izuora Leadway Assurance, has unveiled the Leadway Lifetime Plan, a one-of-a-kind whole-of-life insurance solution designed to extend financial protection beyond the immediate household to the wider family circle. The newly introduced plan launched at a briefing with the Nigerian Association of Insurance and Pension Editors (NAIPE), reinforces Leadway’s commitment to building lasting financial security, preserving wealth, and delivering meaningful, long-term protection for the people who matter most. The Leadway Lifetime Plan responds to the increasingly complex financial responsibilities faced by many working adults, particularly members of the Sandwich Generation individuals who simultaneously provide financial support for ageing parents…
Author: Orientalnews Staff
Yemisi Izuora Guinea Insurance Plc has successfully completed its recapitalisation exercise, with its capital position now above the ₦15 billion minimum capital requirement for non-life insurers, following the conclusion of the verification process by the National Insurance Commission (NAICOM). The successful completion marks a defining moment in the Company’s transformation and positions Guinea Insurance with the financial strength, underwriting capacity and strategic platform to compete more aggressively, pursue larger opportunities and play a leading role in Nigeria’s insurance market. For Guinea Insurance, recapitalisation is not the destination. It is the platform for growth. The Company is now focused on converting its enhanced capital position…
Yemisi Izuora The National Insurance Commission (NAICOM) has cleared seven insurance companies after confirming their status as meeting the recapitalization requirements. The newly cleared companies are emPLE General Insurance Limited, emPLE Life Assurance Limited, Sovereign Trust Insurance Plc, Tangerine Life Insurance Limited, Alliance & General Insurance Plc, Guinea Insurance Plc and Regency Alliance Insurance Plc. Of the seven companies, four are non-life insurers, while three operate in the life insurance segment. The commission listed emPLE General, Sovereign Trust, Alliance & General, Guinea Insurance and Regency Alliance under the non-life category, while emPLE Life and Tangerine Life were listed as…
Joseph Bakare The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has asked the Government to look into how the transition to Compressed Natural Gas (CNG) could lead to better opportunities for commuters. The NUPENG, leadership, led by Salimon Oladiti, its president, paid a courtesy visit to the President where he informed the president that larger population of the country is not benefiting from the transition. President Bola Tinubu, also reportedly admitted that the project is currently going into the pockets of truck owners, noting that the gains are not spreading as quickly as he would like. The…
Joseph Bakare The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, has charged members of the National Youth Service Corps NYSC, across the country to strive to be new breed youths by taking ownership of the fight against corruption, economic and financial crimes and upholding integrity, discipline and dedication in all they do. He gave the charge on Thursday, August 13, 2026, while addressing Batch “B” Stream II Corps members at the NYSC Permanent Orientation Camp, Ikare-Akoko, Akoko North East Local Government Area, Ondo State. Delivering a lecture titled, “New Breed Youths as Catalysts…
Yemisi Izuora Stanbic IBTC Bank, a member of Standard Bank Group, and Nucleus Software, a leading provider of lending and transaction banking solutions, have successfully advanced to FinnAxia® 9.0, marking a significant milestone in their long standing partnership and shared commitment to driving innovation in transaction banking. The milestone reflects more than a decade of collaboration between both organisations in strengthening transaction banking capabilities and delivering enhanced value to corporate and institutional clients. As customer expectations continue to evolve and businesses increasingly demand seamless, real time and digitally enabled banking services, Stanbic IBTC Bank and Nucleus Software remain focused…
Yemisi Izuora Nestlé Nigeria has marked the fifth anniversary and 10th edition of its Empowering Rural Women Initiative by supporting 50 women retailers in Zaria, Kaduna State, with practical business training and grants in the form of Nestlé products valued at three times their existing stock. The intervention also marked the beginning of a three-month mentorship period designed to help the women apply their training, manage the additional stock effectively and build stronger, more sustainable businesses. Launched in 2021, the Empowering Rural Women Initiative supports women retailers who have demonstrated the determination to grow their businesses but have limited…
Uche Cecil Izuora Egypt has announced the opening of a new international licensing round for oil and natural gas exploration, putting 14 onshore and offshore areas on offer as the government steps up efforts to attract upstream investment and increase domestic hydrocarbon production. Petroleum and Mineral Resources Minister Karim Badawi announced the 2026 bid round during a meeting with executives of international oil companies operating in Egypt. The discussions focused on current exploration and production activities, planned field development programmes and opportunities to expand output over the next five years. The latest licensing round covers acreage in several of…
Uche Cecil Izuora The Minister of Power, Joseph Tegbe, has called for swift implementation of the Nigeria-China Aquatic Products Protocol, urging that the landmark agreement be translated into higher exports, foreign exchange earnings and stronger opportunities for Nigerian businesses. The Minister spoke during a courtesy visit and reception after the signing of the Nigeria-China Aquatic Protocol by the Chinese Ambassador to Nigeria, H.E. Yu Dunhai, accompanied by Zhu Songbo, the Embassy’s Chief of Political Section, and the Deputy Director of the Economic and Commercial Section; the Comptroller-General of the Nigeria Agricultural Quarantine Service (NAQS), Dr Vincent Isegbe; and representatives…
Uche Cecil Izuora The Midstream and Downstream Gas Infrastructure Fund (MDGIF), is broadening global cooperation to attract more funds that will enable it execute critical projects that will unlock new investments in the gas industry. The collaboration is part of the Fund’s strategy to bridge a reported $20 billion annual deficit in Nigeria’s gas infrastructure. Fund is collaborating with international partners, including through a $500 million agreement signed with Afreximbank, to achieve its objectives. The Executive Director of the MDGIF, Oluwole Adama, says that the sector is highly capital-intensive and largely unattractive to commercial lenders. He however disclosed that…