Yemisi Izuora The National Insurance Commission (NAICOM), has assured that the insurance sector is set to contribute positively to Nigeria’s financial landscape. The assurance is coming with the passing of the Insurance Reform Bill by the Federal House of Representatives The insurance regulator expressed the believe that by the time the Insurance Reform Bill is signed into Law, it will have a profound impact on the industry, leading to improved penetration, increased public confidence, and enhanced competitiveness. The Commission thus welcomed the passage of the Insurance Reform Bill by the lower chamber of the National Assembly, which was a follow…
Author: orientalnewsng
Yemisi Izuora The Nigerian National Petroleum Company Limited (NNPC Ltd) has called on global investors to direct their attention to the Nigerian oil and gas sector as the nation is now an investors’ haven owing to the robust regulatory reforms and the investment-friendly policies of the President Bola Ahmed Tinubu administration. The Executive Vice President, Upstream, Mr. Udy Ntia, made the call on Tuesday during a session with investors at the 2025 CERAWeek by S&P Global in Houston, Texas, United States. Speaking on the theme: “Spotlight: Attracting Investment for Oil and Gas”, Ntia, disclosed that the Petroleum Industry Act 2021…
At The Presentation Of Operational Licence To CHI Life Insurance Company to commence life insurance operations in Nigeria. From left: Mr. Eddie Efekoha(Chairman, CHI Life), Mr Olusegun Ayo Omosehin (Commissioner for Insurance), Mrs Ose Oluyanwo Managing Director, CHI Life) and Dr. Usman Jankara (Dep. Commissioner for Insurance Technical
Ken Okeke The headquarters of Ikeja Electric was early Thursday morning invaded by personnel of Nigerian Air Force leading to violent assault of workers. The invaders also destroyed equipments and took some personnel of the firm hostage. The Air Force officers who came from the Ikeja Air Force base demanded to see the Chief Executive Officer of the Electricity Distribution Company (DisCo) but while the search for the CEO continued others went on rampage destroying key assets and beating staff members they could see. Addressing the media shortly after the mayhem, Kingsley Okotie, the head of corporate communications in Kejia…
BusinessToday Communication Limited the organisers of BusinessToday Annual conference and Exhibition has released the confirmed list of panelists for this year’s event. The event, will take place on the 3rd of April at the Ballroom of Oriental Hotel, Lekki, Lagos, by 10:00am with the theme: “Banking on The Future: Youths, Pension & Insurance Penetration” The conference, which is in its 9th edition , will have a group of highly experienced professionals from top businesses and digital marketing communications organizations who are bringing their unique insights and real-world expertise to the event. Members of the panel session for this year’s conference…
Prior to Nigeria’s Independence in 1960, agriculture was the mainstay of its economy, even as reflected in the economic activities of the regions there were in the country at that time. Famous stories of the First Republic chronicled how the defunct regions were reliant on revenues from the groundnut pyramids in the North, the cocoa export receipts from the defunct West and the rubber as well as palm oil proceeds from the East. With the discovery of crude oil in commercial quantities, beginning from Oloibiri in the present-day Bayelsa State in 1956, agriculture, over time, became supplanted by black gold…
The Nigerian Capital Development Fund (NCDF) has finalised plans to launch the Future Nigeria Development Initiative (FNDI), a transformative program designed to drive impact investing, human capacity development, and technical assistance across Nigeria. This initiative aligns with Nigeria’s national development goals and the Renewed Hope Agenda of President Ahmed Bola Tinubu, focusing on job creation, economic inclusion, and sustainable infrastructure development. The Executive Chairman, NCDF, Hareter Oralusi said the organization is interested in investing in projects that will create social impact, especially job creation with start-up businesses, renewable energy and capacity building for local governments. With discussions ongoing with Edo…
Yemisi Izuora The Guaranty Trust Holding Company Plc (GTCO), has expanded its intervention aimed at boosting domestic gas utilisation in the country. The Holding Company in a move to provide leadership in that space has launched its “Waste for Gas” project to improve quality of life for households and empower women in underserved communities. This transformative initiative aims to distribute 3,000 3kg gas cylinders with burners to low-income households in Obafemi Owode Local Government, Mowe, Ogun State. The Waste for Gas project underscores GTCO’s unwavering commitment to improving outcomes for people and communities. By providing households with gas-powered cooking, the…
Yemisi Izuora The Nigerian Gas Association (NGA) has been appointed an Association Partner for the World Gas Conference (WGC) 2025. Under the arrangement the Association will host a dedicated Nigerian Pavilion showcasing to a global audience Nigeria’s gas story and the abundance of opportunities within the industry. The conference, which is the most significant global gathering of gas and energy professionals, will take place from May 19 to 23, 2025, at the China National Convention Centre in Beijing, with over 30,000 participants from 70 countries, 600 companies, and 400 expert speakers expected to attend, the event offers an unparalleled platform…