Universal Insurance PLC, said it posted a Gross Written Premium (GWP) of N15.25 billion in the year ended December 31, 2024. The Managing Director/CEO of the Company, Dr. Jeff Duru, disclosed this in Lagos while speaking at the 2024/2025 Annual General Meeting (AGM) of the Nigerian Association of Insurance and Pension Editors (NAIPE), which they sponsored. He also disclosed that as at the first quarter of 2025, the Company achieved a GWP of N8.07 billion, above 100 per cent higher than the target for the quarter. According to him, “Last year, we recorded N15.25 billion in Gross Written Premium (GWP)…
Author: orientalnewsng
Joseph Bakare The Federal Government has declared Tuesday July 15, 2025, a national public holiday in honour of late president Muhammadu Buhari who died on Sunday July 13. 2025 in a London hospital In furtherance to the seven days of National mourning declared by President Bola Ahmed Tinubu GCFR, Government says Tuesday’s holiday is in honour of the late former President. The Minister of Interior, Dr. Olubunmi Tunji-Ojo, made the declaration on behalf of the Federal Government, following the approval of His Excellency, President Bola Ahmed Tinubu, GCFR. The Minister stated that the holiday is a mark of respect for…
The Nigeria Customs Service (NCS) has handed over 25 containers laden with unregistered, counterfeit, and prohibited pharmaceutical products to the National Agency for Food and Drug Administration and Control (NAFDAC) at Apapa Port, Lagos. The seized goods, with a Duty Paid Value of over Nine Billion, Two Hundred and Thirty-Five Million Naira (N9,235,402,973.00), represent a significant blow to illicit drug trafficking networks threatening public health and safety. This handover marks a milestone in the strategic partnership between NCS and NAFDAC, established through a Memorandum of Understanding signed in November 2024, which has strengthened inter-agency collaboration, intelligence sharing, and joint enforcement…
Uche Cecil Izuora Lagos State is fast tracking transition to new energy sources across key economic sectors. To accelerate this the Lagos State Waterways Authority (LASWA) on Wednesday 9th of July 2025 convened a strategic engagement meeting between the Presidential Initiative on Compressed Natural Gas (Pi-CNG), representatives of RIL Hydro Kraft Limited ( Promoters of CNG for Marine) key Boat Operators and Marine Stakeholders across Lagos State. The meeting, which held at LASWA’s Headquarters in Ikoyi, marks a significant step towards the adoption of cleaner and more sustainable energy sources within the inland water transport sector. The session, organized at…
For the family of Mr and Mrs Bright and Ijeoma Chilaka with their only child Chizaram, the Sunday June 29th 2025 was like every other happy Sunday until the ugly incident of that which threw them into a pathetic situation, leaving the entire family devasted and dependent on humanitarian Nigerians for help as the eyes of a maiden look upon the hands of her mistress. At present, Bright is in need of the sum of N3.5 million which he can never generate from sources available to him for deposit at Igbobi Orthopaedic Hospital to facilitate his early undergoing of spinal…
(L-R) Director of Commerce, Ministry of Commerce, Cooperatives, Trade and Investment, (MCCTI), Helen Adesina; Assistant Director/Head, Investment Promotion, MCCTI, Funmi Dauda; Assistant Director, Investment Promotion, Sule Abolore; Permanent Secretary, Office of Sustainable Development Goals (SDGs), Lagos State, Kaphayah Olayemi-Sarumi; Chief Executive Officer, Sterling One Foundation, Peju Ibekwe; Commissioner for MCCTI, Folashade Bada Ambrose; Special Adviser to the Lagos State Governor on SDGs,Oreoluwa Finnih; and Permanent Secretary, MCCTI, Olugbemiga Aina; Chief Executive Officer, Delta 40, Abiola Alabi; Managing Director, Lekki Worldwide Investments Limited (LWIL), Adeniyi Akinlusi; and Head, Business Strategy, LWIL, Oyebanji Akinloye; at the press conference to kick-off Lagos…
Uchenna Izuora A major breakthrough unfolded at the Idiroko border in Ogun State, Nigeria when officers of the Nigeria Customs Service (NCS) intercepted a Mercedes Benz truck driven by William Asare, a 39-year-old resident of Ibadan on 29th June 2025 during a carefully planned intelligence-led operation. The truck, bearing registration number EPE-595-LA, was found to be carrying a massive haul of illicit drugs—2,693 parcels of cannabis sativa weighing a staggering 1,450 kilograms—concealed ingeniously within fabricated false compartments at the bottom of the vehicle. Comptroller Godwin Otunla, the Customs Area Controller at Idiroko, described the seizure as a significant blow to…
Faces At Insurance Week Grand Finale/Awards
Guaranty Trust Holding Company Plc (GTCO Plc), Africa’s leading and most profitable Financial Services Group, has recorded a significant milestone in its growth and expansion journey with the successful admission of its Ordinary Shares to the Equity Shares (International Commercial Companies Secondary Listing) category of the Official List of the Financial Conduct Authority (FCA) and to trading on the main market for listed securities of the London Stock Exchange. This historic achievement makes GTCO Plc, the 1st Financial Services Institution in West Africa to dual list its Ordinary Shares on both the Nigerian and London stock exchanges, and subject to…
The Honourable Minister of State for Petroleum Resources, Senator Heineken Lokpobiri (Ph.D.), has commended the NNPC Ltd/FIRST Exploration and Petroleum Development Company (FIRST E&P) Joint Venture (JV) on achieving 10 million Lost Time Incident (LTI)-free man-hours across its operations on PML 53 and PML 54. This milestone was marked with a celebratory dinner and award presentation ceremony in Lagos. The event honoured the dedication of the NNPC Ltd/FIRST E&P JV workforce, as well as its service providers and contractors, to robust safety protocols and sustainable practices within Nigeria’s oil and gas sector. It was well-attended by industry leaders, stakeholders, and…