Yemisi Izuora AIICO Insurance Plc has received a new operational licence from the National Insurance Commission (NAICOM), confirming its full compliance with the recapitalisation requirements introduced under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The development comes as the company continues to post strong financial results, reinforcing its position as one of the industry’s most resilient and well-capitalised players. In a public notice dated August 2, 2026, NAICOM confirmed the successful conclusion of the 12-month recapitalisation exercise across the insurance sector. AIICO was listed among a select group of insurers that met the new minimum capital threshold, retaining…
Author: Orientalnews Staff
Yemisi Izuora As MSMEs across the South-East seek opportunities for growth, market expansion and cross-border trade, Stanbic IBTC, in partnership with the Anambra State Government, convened the Nigeria Business Summit Regional Tour in Onitsha to equip businesses with practical solutions for sustainable growth. The summit, organised in collaboration with the Anambra State Ministry of Commerce, Industry and Trade, brought together government officials, business leaders, trade associations, development partners and entrepreneurs to explore practical pathways for economic growth, business sustainability and increased participation in local and international trade. Speaking at the event, which took place on Wednesday, 29 July 2026, Honourable Nonso Chukwuma Ebonwu, Commissioner for…
Uche Cecil Izuora The Comptroller General of Customs (CGC) Bashir Adewale Adeniyi, has announced that the Nigeria Customs Service is moving to an annual recruitment cycle, ending the practice of recruitment as an occasional event undertaken every several years. The announcement came as the Service released the final list of successful candidates in its 2024/2025 Recruitment Exercise. A total of 3,852 candidates were offered places across three cadres: 1,275 in the Superintendent Cadre, 367 in the Inspectorate Cadre and 2,210 in the Customs Assistant Cadre, concluding an exercise that opened in December 2024 and drew 573,680 applications. Adeniyi, apologised…
Yemisi Izuora The Securities and Exchange Commission (SEC) will on Thursday August 6, hold an investor clinic in Abuja to educate investors and beneficiaries on how to recover unclaimed monies and inherited investments in the Nigerian capital market. The programme, tagged “Probate and Unclaimed Monies Awareness and Investor Clinic,” is part of a nationwide awareness campaign launched by the Commission in collaboration with Meristem Registrars and Probate Services Limited to improve investor protection, financial literacy and confidence in the capital market. Speaking on the initiative, the Director-General of the SEC, Dr. Emomotimi Agama, said the campaign was aimed at…
Joyce Onwuka The Presidential Renewed Hope Media Tour has commended the National Agency for Science and Engineering Infrastructure (NASENI) for its remarkable progress in advancing local technology development, describing the Agency as a key driver of President Bola Ahmed Tinubu’s Renewed Hope Agenda and Nigeria’s industrial transformation. Speaking on behalf of the team, Mr. Bayo Onanuga, Special Adviser to the President on Communication, Information and Strategy, described the visit as “impressive, impressive, impressive,” noting that NASENI’s achievements demonstrate the capacity of Nigerian youths to excel when supported by purposeful leadership. He praised the transformation recorded under the…
Yemisi Izuora The Lagos State Government, FirstBank and Zenith Bank are among the public and private sector institutions supporting the second edition of the QEDNGCreative Powerhouse Summit. Also supporting the summit are the Lagos State Internal Revenue Service (LIRS), Fidelity Bank, Polaris Bank, the Africa Soft Power Group and Nigeria LNG Limited (NLNG). The announcement was made on Wednesday by Mighty Media Plus Network Limited, publishers of the online newspaper QEDNG. QEDNG Creative Powerhouse Summit 2.0 is themed Creativity, Culture and Nigeria’s Next Chapter. It will hold on Tuesday, August 11, 2026, at Radisson Blu Hotel,…
Tunde Bakare President Bola Ahmed Tinubu has warmly welcomed the successful rescue of 308 Nigerian citizens who were abducted in different attacks in Niger and Kwara states. One hundred and sixty-three of those rescued were abducted from Woro Community in Kaiama LGA, Kwara State, and 145 from Niger State. The victims were rescued from the Kainji Lake National Park Forest in New Bussa Local Government Area of Niger State following a coordinated, intelligence-driven operation by the National Counter-Terrorism Centre (NCTC), involving personnel from the Armed Forces of Nigeria, the Department of State Services (DSS), and the Nigeria…
Joseph Bakare The Economic and Financial Crimes Commission (EFCC), said it had launched investigations on the handling of certain fund allocations to Osun State since March 2026. The Commission says the investigation bothers on alleged fraudulent handling of Ecology Funds, Intervention Funds and Federal Account Allocation Committee, FAAC account to the tune of N11, 000,000, 000(Eleven Billion Naira only). To this end, some officials of the state government, especially the Accountant General of the State, have had interview sessions with investigators of the EFCC. These ongoing investigations of the state government would not have warranted any placement of Post No…
Tunde Bakare The Nigerian Meteorological Agency (NiMet) has concluded arrangements to host the Alliance for Hydromet Development Annual Meeting 2026 from 13 to 15 October 2026 at Eko Hotels & Suites, Lagos, Nigeria by the invitation of the Secretary-General of the World Meteorological Organization (WMO). This event brings together the leadership of the World Meteorological Organization; other seventeen member institutions of the Alliance for Hydromet Development, including major development banks, climate funds and United Nations agencies; ministers and government leaders; development partners, regional and continental bodies; the finance and private sectors; academia and the users of weather, water and…
Yemisi Izuora Access Holdings Plc has published its Sustainability Report for the year ended 31 December 2025 on the Nigerian Exchange Limited, demonstrating how the Group is translating sustainability commitments into measurable business, environmental and social outcomes. The report shows a green asset portfolio of ₦92.14 billion, a 28.47 per cent reduction in operational greenhouse gas emissions against its 2022 baseline and expanded access to finance for about 2.53 million low-income individuals. The report reinforces the Group’s strategic shift from scale to value by showing how sustainability is being embedded in capital allocation, risk management, product development and operations.…