Yemisi Izuora The Interim Management and Board (IMB) of African Alliance has commenced the payment of all genuine claims and annuities with a N780 million. The exercise aims at restoring public confidence and repositioning the company for sustained growth and underscores the company’s renewed commitment to upholding core values of integrity, transparency, and customer-centricity. The payment is for a start and has come barely 30 days of the inauguration of the IMB by the Commissioner for Insurance. The new leadership further reiterates its resolve to address all outstanding claims swiftly, ensuring that policyholders and beneficiaries experience the reliability and trust…
Author: orientalnewsng
The National Insurance Commission (NAICOM) today, November 29, 2024, presented an operational license to NPF Insurance Co. Ltd in a brief ceremony held in Abuja. This development enables NPF Insurance to commence general insurance operations in Nigeria, having successfully fulfilled all registration requirements. Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, formally handed over the license to NPF Insurance Co. Ltd.
L-R • Dr Olugbemiga Aina, Permanent Secretary, representing Honorable Commissioner, Ministry of Commerce, Co-Operatives, Trade & Investment, LASG • Aimeya Okphebholo, Project Manager, Presidential Enabling Business Environment Council (PEBEC) • Amb Nura Abba Rimi, Permanent Secretary, Federal Ministry Industry, Trade & Investment • Dr Jumoke Oduwole MFR, Honorable Minister, Trade & Investment, Federal Ministry Industry, Trade & Investment • Alhaji Bashir Adewale Adeniyi MFR Comptroller General, Nigeria Customs Service • Mrs Nonye Ayeni Executive Director/CEO, Nigerian Export Promotion Council (NEPC) • Mr Abba Bello Managing Director/CEO, Nigerian Export Import Bank (NEXIM)
FMITI Photo News: During The Ministerial Export Consultation On Tuesday. L-R • Dr Olugbemiga Aina, Permanent Secretary, representing Honorable Commissioner, Ministry of Commerce, Co-Operatives, Trade & Investment, LASG • Aimeya Okphebholo, Project Manager, Presidential Enabling Business Environment Council (PEBEC) • Amb Nura Abba Rimi, Permanent Secretary, Federal Ministry Industry, Trade & Investment • Dr Jumoke Oduwole MFR, Honorable Minister, Trade & Investment, Federal Ministry Industry, Trade & Investment • Alhaji Bashir Adewale Adeniyi MFR Comptroller General, Nigeria Customs Service • Mrs Nonye Ayeni Executive Director/CEO, Nigerian Export Promotion Council (NEPC) • Mr Abba Bello Managing Director/CEO, Nigerian Export Import…
Yemisi Izuora The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of re-streaming the Port Harcourt Refining Company (PHRC). The re-streaming signals the commencement of crude oil processing from the plant and delivery of petroleum products into the market. On Tuesday, trucks began loading petroleum products which include Premium Motor Spirit (PMS) or petrol, Automotive Gas Oil (AGO) or diesel and Household Kerosene (HHK) or Kerosene, while other product slates will be dispatched as well. Speaking during a brief ceremony to mark the commencement of products loading at the Refinery on Tuesday in Port Harcourt, the Group CEO,…
Joyce Onwuka The Tincan Island Container Terminal, Apapa, has completed a significant infrastructure upgrade at Randle Secondary School in Apapa, Lagos. The exercise is in fulfillment of its commitment to solidarity and boosting educational standards in Nigeria which also aims to create a more engaging and impactful learning environment for students and staff of the school. Under the project, the TICT, renovated of 14 washrooms for staff and students, as well as the modernization of the information and communication technology (ICT) room with the addition of 10 high-tech computers, 2 UPSs, 1 printer, and other essential equipment. These improvements will…
…OML 13 Asset Eyes 80,000 bpd By End Of 2025 The Nigerian National Petroleum Company Limited (NNPCL), has officially unveiled its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market. This is expected to boost Nigeria’s crude oil production, revenue generation and economic growth. It would be recalled that in July, 2024, NNPC Ltd and its partner, the Sterling Oil Exploration & Energy Production Company (SEEPCO) Ltd introduced the Utapate crude oil blend, following the lifting of first cargo of 950,000 barrels which headed for Spain. During a ceremony held at the Argus European…
Yemisi Izuora The Federal Government said the oil and gas industry will witness unprecedented growth with a multi billion dollar deepwater exploration in 2025. This is as Government has unlocked over $1 billion in investments across the value chain in the last one year. Speaking on the theme “Future of Energy: Shaping the Workforce of Tomorrow” during the African Energy Week, in South Africa, Olu Arowolo Verheijen, Special Adviser on Energy to President Bola Tinubu, said that by the middle of 2025, Nigeria is expecting to see FID on two more projects, including a multibillion billion-dollar deepwater exploration project,…
Yemisi Izuora The Kano Electricity Distribution Company (KEDCO), gas embarked on a partnership and initial investment of around $100 million to develop a 100MW “Safe Grid” Infrastructure. The facility will protect customers in Kano, Katsina, and Jigawa States, where it intend to provide 24-hour power supply to key industries, commercial hubs, and critical government infrastructure, eliminating reliance on the national grid, Sani Baba Sani, Corporate Communications Manager of the DisCo said in a statement. Due to the lingering effects of the challenges the Transmission Company of Nigeria (TCN) is currently facing in supplying energy to our franchise area, KEDCO is…
Yemisi Izuora A divine intervention has been sought to take out the evil machinations against Africa’s first key private refinery facility that has propelled Nigeria’s refining capacity. The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, who saw this coming has urged Nigerians to pray for divine intervention in the face of efforts by unscrupulous oil marketers to thwart the operations of the Dangote Petroleum Refinery, following the previous sabotage of Nigeria’s four state-owned refineries. The respected clergyman made the call for nationwide prayers during the November 2024 Abuja Special Holy Ghost Service themed ‘Total…