L-r: Idowu Semowo, Executive Director, Finance and Investment, NEM Insurance Plc; Ifunanya Iwuagwu, Company Secretary/Legal Adviser; Andrew Ikekhua, Managing Director/CEO, NEM Insurance Plc; Tope Smart, Group Chairman; Daphne Dafinone, Director, and Kelechi Okoro, Non-Executive Director, during the 56th annual general meeting of NEM Insurance Plc held in Lagos on Thursday 14-5-2026 Shareholders of NEM Insurance Plc have commended the company’s board and management following the recommendation of a N7.52 billion dividend payout for the 2025 financial year amid strong growth across key financial indicators. The commendation came at the company’s 56th Annual General Meeting in Lagos where the Group Chairman,…
Author: orientalnewsng
Uche Cecil Izuora Indonesia has commenced receiving crude oil shipments from Nigeria as part of efforts to diversify its import sources and reduce reliance on West Asian supplies amid growing concerns over a global supply crisis. The supply from Nigeria is already underway and shipments are arriving, saiEnIndonesia’s Energy and Mineral Resources Ministry Oil and Gas Director General Laode Sulaeman. According to Antara news agency on Wednesday, he said Russia, the United States and Nigeria were currently among Indonesia’s main alternative crude oil sources due to their large supply volumes. He also assured that Indonesia’s domestic energy reserves, including…
Yemisi Izuora The Executive Director, Sahara Group and Group MD of Sahara Power Group, Kola Adesina, has joined top Christian leaders to discuss family values and how successful marriage can help unlock potentials of family members to support societal development. He sahred his views as the Foursquare Gospel Church converged experts at a forum where the church emphasised the need for intentional preparation for marriage and excellence in the marketplace. The discourse took place at the fifth edition of the church’s interdenominational programme, codenamed ‘Switch 5.0’, with the theme, “Graced Pacesetter”. The programme, which attracted participants from different denominations…
Uche Cecil Izuora Nigeria’s maritime sector recorded strong operational growth in the first quarter of 2026, with Gross Registered Tonnage (GRT) for ocean-going vessels rising by 19.5 per cent to 46.75 million, underscoring the increasing dominance of larger-capacity ships across the nation’s ports amid ongoing reforms targeted at positioning the country as a regional trade hub under the African Continental Free Trade Area (AfCFTA). According to the Q1 2026 Operational Performance Review released by the Nigerian Ports Authority (NPA), the rise in vessel tonnage signals improved cargo-carrying efficiency and growing confidence among international shipping lines in Nigerian…
Yemisi Izuora emPLE, one of Nigeria’s rapidly growing insurance companies, has announced total claims payouts of over N7 billion in 2025. The huge claims payment reaffirms the underwriters commitment to empowering individuals, families, and businesses with the financial support needed to rebuild after losses caused by life and business uncertainties. With the business recovery trajectory, emPLE has further demonstrated resilience and operational strength, serving hundreds of policyholders across its Life and General Insurance Businesses in the face of evolving industry dynamics and regulatory expectations under the New Insurance Industry Reform Act (NIIRA 2025), . This milestone reflects the company’s growing…
By Sola Adebawo When a pipeline crosses a river, it is often described as an engineering milestone. In Nigeria, the completion of the River Niger crossing of the OB3 gas pipeline (executed roughly two kilometres beneath the riverbed using horizontal directional drilling) is certainly that. But it is also something more. It is a signal of what Africa’s energy future could look like, if infrastructure moves from isolated projects to integrated systems. From resource wealth to system weakness Africa is not short of energy. It is short of integration. The continent holds roughly 7% of global natural gas reserves,…
Yemisi Izuora Seplat Energy Plc, has announced its unaudited results for the for the three months ended 31 March 2026, declaring US 9.0 Cents total dividend per share for the period, which is 96 per cent higher than 1Q 2025 payout. The company grew its profit after tax (PAT) to $37.9m from $23.3m Year-on-Year with cash generated hitting $243.4m. Group production for the period averaged 129,841 barrels of oil equivalent per day (boepd) up 9 per cent since 4Q 2025 (119,200 boepd). Crude and condensate liftings benefitted from the company’s put-option hedge strategy that exposed it to a 100 per cent of price upside,…
Yemisi Izuora Following the successful completion of its Data Protection Audit which is in line with the Nigeria Data Protection Act (NDPA), Heirs Insurance Brokers Limited (HIB), Nigeria’s leading insurance broking firm, has been awarded the NDPC Audit Compliance Trust Mark for 2025. This was issued by the Nigeria Data Protection Commission (NDPC). The NDPC Trust Mark is an independent certification granted to organisations that meet the highest standards of data protection and privacy compliance as established by the Commission. This recognition affirms that Heirs Insurance Brokers’ data protection practices have been rigorously assessed and fully align with regulatory requirements.…
By Oluwole Asalu Nigeria’s digital transformation is gathering pace, reshaping how citizens transact, how institutions deliver services, and how businesses create value. Yet as the country becomes more connected, more automated, and more dependent on digital systems, it is also becoming more exposed to a new class of threats that conventional security models were never built to confront. Recent cyber incidents affecting financial platforms, government-linked systems, and multiple organisations across the country have made one reality unmistakably clear: the threat environment is evolving faster than many institutions are prepared for. Over the past several weeks, public concern has grown following…
Ummie Kabir A country is classified as developed if it is able to provide qualitative life for her citizenry irrespective of their social status. Unfortunately, Nigeria for over six decades has been battling with the problems of development not withstanding the vast human and natural resources the country is endowed with. As critical and desirable as the issue of development, it is never a free gift. Rather, it is a product of deliberate planning, tenacious execution and effective resource utilization. Indeed, Nigeria is a paradox as abundant human and natural resources at her disposal could not be beeffectively harnessed to…